Global Liquid Silicone Rubber Market is set to witness a substantial CAGR of 8.90% in the forecast by 2026
Definition:
Injection molding of liquid silicone rubber (LSR) is a process to produce pliable, durable parts in high volume. Liquid silicone rubber is a high purity platinum cured silicone with low compression set, great stability and ability to resist extreme temperatures of heat and cold ideally suitable for production of parts, where high quality is a must. Due to the thermosetting nature of the material, liquid silicone injection molding requires special treatment, such as intensive distributive mixing, while maintaining the material at a low temperature before it is pushed into the heated cavity and vulcanized.
Analysis of Global Liquid Silicone Rubber Market report:
Global liquid silicone rubber market is set to witness a substantial CAGR of 8.90% in the forecast period of 2019 to 2026. The report contains data of the base year 2018 and historic year 2017. This rise in the market value can be attributed due to increasing demand for medical grade liquid silicone rubber. Rising geriatric population and new material development is fueling the growth of the market.
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Market Drivers:
· Surge in demand for the liquid silicone rubber in the healthcare industry for the manufacturing of products, drives the growth of the market
· Increase in the demand for liquid silicone rubber in the electrical industry due to its properties like high tensile strength, capable of holding high temperatures, fosters the market growth
· High investments being done in the infrastructure in the emerging countries, drives the market growth
· Various research & development initiatives taken by the companies as well as the government, boosts the market
· Technological advancement and rapid industrialization in the emerging countries have created various opportunities for manufacturing of liquid silicone rubber, which in turn develops the growth of the market
Market Restraints:
· Stringent regulatory polices around the globe, is hindering the growth of the market
· High cost of manufacturing of liquid silicone rubber, is a major factor hindering the growth of the market
Leading Key players profiled in this report are:
Few of the major competitors currently working in the global liquid silicone rubber market are Dow, Wacker Chemie AG, Momentive, Shin-Etsu Chemical Co., Ltd., Elkem Silicones, KCC CORPORATION, NUSIL, RICO GROUP GmbH, STOCKWELL ELASTOMERICS, INC., Zhejiang Xin'an Chemical Group Co., Ltd., Reiss Corporation., MESGO S.p.A., Accurate Products Corporation (P) Ltd., Innovative Silicones, Laur Silicone Inc., Apple Rubber Products, SHEN ZHEN HONG YE JIE TECHNOLOGY Co., Ltd., GW Plastics, CVA Silicone, Proto Labs, Trelleborg AB among others.
Global Liquid Silicone Rubber Market Segmentation:
By Application
· Electrical & Electronics
o Electrical Insulation
o Electrical & Optical Components
· Automotive
o Components
o Automotive Parts
· Medical
o Implants
o Medical Devices
o Medical Equipment Parts
· Consumer Goods
o Food Contact Products
o Home Appliance Components
o Water Contact
o Baby Care Products
· Building & Construction
· Cosmetic Applications
· Aerospace & Aeronautics
· Industrial Components
By Grade
· Industrial Grade
· Food Grade
· Medical Grade
By Technology
· Liquid Injection Molding System
· Molding Process
By Geography
· North America
· South America
· Europe
· Asia-Pacific
Competitive Analysis:
Global liquid silicone rubber market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of customer of liquid silicone rubber market for global, Europe, North America, Asia-Pacific, South America and Middle East & Africa.
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The Global Liquid Silicone Rubber Market report provides the global market size of the main players in each region. Moreover, the report provides knowledge of the leading markets players within the Global Liquid Silicone Rubber Market. The industry changing factors for the market segments are explored in this report. This analysis report covers the growth factors of the worldwide market based on end-users. Market opportunities and recommendations for new investments are also encompassed in this report.
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