Copyright © IMARC Service Pvt Ltd. All Rights Reserved Global Liquid Silicone Rubber Market Research and Forecast Report 2023-2028 Author: Elena Anderson, Marketing Manager | © 2019 IMARC All Rights Reserved IMARC Group
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Report Description Report Description and Highlights Global Liquid Silicone Rubber Market Research Report: The latest report by IMARC, titled “Liquid Silicone Rubber Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028” the global liquid silicone rubber market size reached US$ 2.4 Billion in 2022. Liquid silicone rubber (LSR) is a type of dense, durable, and highly resistant elastomer. It is manufactured by injecting liquid silicone rubber into a mold cavity and allowing it to cure. This process allows for high precision and repeatability, due to which it is used for high-volume production. LSR is known for its high tear strength, good elongation, and high resistance to heat and cold. Besides this, it offers superior weatherability, chemical stability, heat and abrasion resistance, and electrical insulation properties than organic rubber. LSR is also biocompatible, making it ideal for use in medical applications. In addition to this, it can be molded into complex shapes and thin walls. Consequently, it finds extensive applications in the automotive, healthcare, consumer goods, and electronics industries. Request Free Sample Report: https://www.imarcgroup.com/liquid-silicone-rubbermarket/requestsample
Report Description Report Description and Highlights Global Liquid Silicone Rubber Market Trends: One of the key factors driving the market growth is the widespread product adoption for manufacturing various medical equipment, such as organ implants and prostheses, that require high levels of safety and sterility. LSR is a versatile material that can be sterilized using various techniques, including steam autoclaving, ethylene oxide (ETO), gamma, and e-beam methods. Moreover, the rising prevalence of chronic diseases and incidences of organ failure cases, particularly among the increasing geriatric population, is presenting remunerative growth opportunities for the market. This is further supported by the surging need to minimize the risk of contamination and enhance the safety of medical devices. In addition to this, the widespread product utilization across the automotive industry for manufacturing small and complex elastomeric parts, enabling high-speed production and optimum productivity, is aiding in market expansion. In line with this, the inflating sales of vehicles, the emerging trend of industrial automation, and the expanding demand for precision manufacturing are contributing to the market growth. Furthermore, the increasing product adoption across various industries, such as aerospace, construction, electronics, and food and beverage (F&B), as adhesives, sealants, potting, coatings, lubricants, and encapsulating compounds are creating a positive outlook for the market. Looking forward, the market value is projected to reach US$ 3.9 Billion by 2028, expanding at a CAGR of 8.5% during 2023-2028. Looking forward, the market value is projected to reach a strong growth during the forecast period (2023-2028).
Report Description Report Description and Highlights Market Summary: Breakup by Grade: • Food Grade • Industrial Grade • Medical Grade Breakup by Curing System: • Injection Molding • Peroxide Cure System • Platinum-Based Cure System • Condensation Cure System Breakup by End Use Industry: • Automotive • Healthcare • Electrical and Electronics • Cosmetic and Personal Care • Consumer Goods
Report Description Report Description and Highlights • Others Breakup by Region: • North America • United States • Canada • Asia-Pacific • China • Japan • India • South Korea • Australia • Indonesia • Others • Europe • Germany • France • United Kingdom • Italy • Spain
Report Description Report Description and Highlights • Russia • Others • Latin America • Brazil • Mexico • Others • Middle East and Africa
Competitive Landscape with Key Players: • Avantor Inc • Elkem ASA (China National Chemical Corporation) • Jiangsu Tianchen New Materials Co. Ltd • Momentive Performance Materials Inc. • Reiss Manufacturing Inc. • Shin-Etsu Chemical Co. Ltd. • Simtec Silicone Parts LLC (The Rico Group) • Stockwell Elastomerics Inc. • The Dow Chemical Company • Wacker Chemie AG View Full Report with TOC & List of Figure: https://www.imarcgroup.com/liquid-silicone-rubbermarket Report Description Report Description and Highlights
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Report Description Report Description and Highlights © 2019 IMARC All Rights Reserved This Publication and all it’s contents unless otherwise mentioned are copyrighted in the name of International Market Analysis Research and Consulting (IMARC). No part of this publication may be reproduced, repackaged, redistributed or resold in whole or in any part. The publication may also not be used in any form or by and means graphic electronic or mechanical, including photocopying, recording, taping or by information storage or retrieval, or by any other form, without the express consent of International Market Analysis Research and Consulting (IMARC). Disclaimer: All contents and data of this publication, including forecasts, data analysis and opinion have been based on information and sources believed to be accurate and reliable at the time of publishing. International Market Analysis Research and Consulting makes no representation of warranty of any kind as to the accuracy or completeness of any Information provided. IMARC accepts no liability whatsoever for any loss or damage resulting from opinion, errors or inaccuracies if any found this publication. IMARC, IMARC Group and Global Therapy Insight Series are registered trademarks of International Market Analysis Research and Consulting. All other trademarks used in this publication are registered trademarks of their respective companies.
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