The global demand for Liquid Silicone Rubber Market is presumed to reach the valuation of nearly USD XX MN by 2028 from USD XX MN in 2021 with a CAGR of XX% during the period of 2022-2028.
Liquid silicone rubber is a high-purity, two-component platinum-cured silicone, ideally formulated for technical parts production, where strength, resistance, and high quality are a must. LSRs are viscous but pumpable materials, mostly processed through liquid injection molding (LIM). Liquid Silicone Rubber (LSR) is a two-component system, where long polysiloxane chains are reinforced with specially treated silica. LSR has few excellent properties that its competitor materials, such as high thermal and chemical stability and electrical resistance. These superior properties made it ideal for various industries, such as automotive and electrical & electronics. In the healthcare sector, the hygiene quality of LSR aid in reducing the spread of bacteria or fungi to the patient's body, and its flexibility and softness ensure comfort to the patient. Hence, medical product designers are increasingly opting for LSR to manufacture medical silicone parts on broader applications such as surgery, cardiology, oncology, etc.
The global liquid silicone rubber (LSR) market is experiencing continuous growth and expansion in recent years. The market growth has been primarily driven by developing different industries, like the healthcare and automotive sector during the forecast period. The rising usage of LSR in these various industries positively impacts the manufacturers’ profitability and molding machines. The key reason for the increased use of liquid silicone rubber in multiple sectors is high dielectric strength, tensile strength, durability, and high elongation that make it appropriate for application in industries like the automotive sector in the form of products such as sealants. Its features like lightweight, durability and resistance to high temperatures have made silicone rubber essential components in
automobiles and replacing metals. Recently, the healthcare sector is witnessing strong growth. The growth of the healthcare sector is equivalently impacting the market. There has been an extreme increase in demand for medical implants. The rise in the geriatric population has also elevated the need for medical implants in the last decades. This high demand for medical implants is boosting the growth of the market. However, strict legislative regulations regulating the use of medical devices and implants may create hindrances in the market growth in the forecast period.
The report covers Porter’s Five Forces Model, Market Attractiveness Analysis and Value Chain analysis. These tools help to get a clear picture of the industry’s structure and evaluate the competition attractiveness at a global level.
Additionally, these tools also give inclusive assessment of each application/product segment in the global market of liquid silicone rubber.
The entire liquid silicone rubber market has been sub-categorized into grade and end-use. The report provides an analysis of these subsets with respect to the geographical segmentation. This research study will keep marketer informed and helps to identify the target demographics for a product or service.
- Consumer Goods
- Electrical and Electronics
This section covers regional segmentation which accentuates on current and future demand for liquid silicone rubber market across North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. Further, the report focuses on demand for individual application segment across all the prominent regions.
Global Liquid Silicone Rubber Market Share by Region (Representative Graph)
The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide. The major players in the liquid silicone rubber market include Dow, KCC Corp., Nusil Technology LLC, Simtec Silicone Parts LLC, Shin-Etsu Chemical Co., Ltd., Stockwell Elastomerics, Inc., Wacker Chemie AG, Others. This section includes a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.
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