Target Audience of Liquid Silicone Rubber (LSR) Market: Manufacturer / Potential Investors, Traders, Distributors, Wholesalers, Retailers, Importers and Exporters, Association and government bodies.
Liquid Silicone Rubber (LSR) Market Report provides key statistics on the market status of the Liquid Silicone Rubber (LSR) Key-players/Manufacturers and is a valuable source of guidance and direction for companies and individuals interested in the Industry
The market for liquid silicone rubber is expected to register a significant growth during the forecast period, 2018 to 2023. Major factors such as increasing application of liquid silicone rubber in the medical industry, and rising demand of liquid silicone rubber from the automotive industry are expected to drive the liquid silicone rubber market during the forecast period.
Rising Demand from the Automotive Industry Expected to Drive the Market
Liquid silicone rubber (LSR) owing to its resistivity towards heat and cold, weatherability, high tear strength, water repellency, defoaming properties, adhesiveness, releasability and dielectric properties are increasingly used in automotive manufacturing and are increasingly becoming a crucial component in the evolution of automotive technology. In the automotive industry, LSR is used in connectors, electrical actuators, sensors, ignitions systems, etc. They are particularly suitable for manufacturing such parts, where engineering plastics and elastomeric materials need to be combined in an over molding or co-molding process such as sealing elements, automotive connectors, membranes vibration dampening elements, etc. Automotive production has been increasingly steadily through the years, primarily in most European and Asia-Pacific regions. Such positive growth is expected to drive the market for liquid silicone rubber in automotive industry through the forecast period.
Medical – The Fastest End-User Industry Segment
Liquid silicone rubber (LSR) owing to its stability, ability to withstand high levels of heat and exposure to cleaning and disinfecting chemicals, heat resistivity (making it suitable for heat-related treatment applications such as cauterization), and its feature to not turn brittle under cold conditions, makes it an appropriate choice for its use in medical applications. Additionally, almost all grades of liquid silicone rubber available in the market at present are biocompatible and are specifically developed and approved for medical implants and similar medical applications. Moreover, liquid silicone rubber owing to its fast curing technology is widely used in medical devices.
North America to Dominate the Liquid Silicone Rubber Market
North America accounted for the largest market for liquid silicone rubber in 2017. The consumer products market, which is the major consumer of liquid silicone rubber, is rising rapidly in the United States owing to growing purchasing power among consumers, expanding disposable income, and rising population. Additionally, growing usage of liquid silicone rubber in medical, electronics, and automotive industries, coupled with the growth of these industries in United States is expected to drive the market through the forecast period.
Major Players: Dow Corning (Dow DuPont), Wacker Chemie AG, Momentive Performance Materials Inc., Shin-Etsu Chemical Co., Ltd., and KCC Corporation, among others.
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Major companies covered in this Report:
- Dow Corning (DowDuPont) Wacker Chemie AG Shin-Etsu Chemical Co.
- Ltd.KCC Corporation China National Bluestar (Group) Co.
- Ltd. Laur Silicone
- Inc. SIMTEC Silicone Parts
- LLC Wynca Group Jiangsu Tianchen New Materials Co.
- Ltd Nusil Technology LLC Stockwell Elastomerics
- Inc. Innovative Silicones Applied Silicone Corporation
Reasons To Purchase This ReportIdentify the current and future prospects of the global liquid silicone rubber market in the developed and emerging marketsAnalyze various perspectives of the market with the help of Porter’s five forces analysisInformation about the growth of the end-user industry and type of LSR that are expected to dominate the marketIdentify the latest developments, market shares, and strategies employed by the major market players3 months analyst support, along with the Market Estimate sheet (in Excel)
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This Liquid Silicone Rubber (LSR) market report offers an overview of the market trends, drivers, and barriers with respect to the market. A detailed analysis of key players, along with key growth strategies adopted by them is also covered in this report on Liquid Silicone Rubber (LSR) market.