Liquid Silicone Rubber Industry Share, Market Growth, Size, Demand, Key Player, Development Analysis

LIQUID SILICONE RUBBER MARKET 2018 Industry Size, Share , Competitive Landscape, Key Players Analysis Forecast 2023

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Liquid Silicone Rubber MARKET 2018

Liquid Silicone Rubber Market 2018: Industry Size, Share, Growth Trends, Forecast 2023 Liquid silicone rubber is a pure platinum-cured silicone elastomer holding superior properties such as flexibility, low viscosity, high tensile strength, and ability to withstand extreme temperature. Liquid silicone rubber (LSR) is available in different grades such as medical, food, and industrial among others. Owing to unique properties, the material can be easily incorporated in various applications such as medical implants, automotive parts, and consumer goods.

Among the grade, a medical grade of liquid silicone rubber is holding largest market of share. Growing awareness about health concern coupled with a rise in aging population is driving the global liquid silicone rubber market in medical application. Moreover, medical grades are temperature resistance and can easily sterilize, which makes them compatible with various medical devices and accessories such as cushioning pads syringe stoppers, liquid feeding bottles, dialysis filters, and oxygen mask instruments among other accessories. Similarly, properties such as high thermal stability, stress and compression resistance make liquid silicone rubber an ideal choice for automotive parts, which is likely to have a positive influence on liquid silicone rubber market size. Automotive application witnessed a healthy growth owing to high growth in automotive production leading to minimizing waste generation and shorter cycle time further anticipated to boost liquid silicone rubber market. However, through extensive research and development to produce innovative material for use in medical, automotive and electronics industry is projected to open new opportunities for major players in the coming years.

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Liquid Silicone Rubber MARKET 2018

Key Players Some of the prominent players operating in the global liquid silicone rubber market are Wacker Chemie AG (Germany), Dow Corning Corporation (U.S.), Momentive Performance Materials Inc. (U.S.), Shin-Etsu Chemical Co., Ltd. (Japan), KCC Corporation (South Korea), Elkem Group (China), Simtec Silicone Parts, LLC (U.S.), Zhejiang Xinan Chemical Industrial Group Co., Ltd. (China), Stockwell Elastomerics Inc. (U.S.) and Reiss Manufacturing Inc. (U.S.) among others.

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Liquid Silicone Rubber MARKET 2018 Geographical Analysis Liquid silicone rubber market is segmented across five regions such as Asia Pacific, North America, Europe, Latin America, and the Middle East & Africa. Amon these, Asia Pacific is the leading region due to growing demand for the product in electrical & electronics and medical applications. Favorable government policies such as 100% FDI in the automotive industry is likely to propel the market growth in this region. China and India witnessed strong market due to the presence of established players, easy availability of raw material, and strong distribution network. China is leading market in electronic industry and exports such products with impeccable technology innovations, which, in turn, impact positively on market growth.

North America is projected to grow significantly followed by Europe region. Rising expenditure on medical devices along with growing healthcare industry is anticipated to augment the market growth. Installation of huge R&D facility, technological advancement in medical devices and growing application of LSR in electronic industry are further posing new opportunity in the coming years. Moreover, multinational companies are focusing on collaboration or joint venture with distributors to achieve sustainable growth in the overall market The European market witnessed a remarkable growth in the last couple of years. It is projected that due to technological advancement to manufacture LSR in end-use industries, the market is set to grow at a higher rate during the forecast period.

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Liquid Silicone Rubber MARKET 2018 Application & Major Players in this Research: Segmental Analysis The global liquid silicone rubber market is segmented into the grade and application. On the basis of the grade, the market is segregated into food, medical and industrial segments. The market by application is further categorized into automotive, electrical & electronics, consumer goods, medical and others.

Intended Audience • Liquid silicone rubber market manufacturers • Traders and Distributors of Liquid silicone rubber market

• Production Process Industries • Potential Investors • Raw Material Suppliers • Nationalized Laboratory

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