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Liquid Silicone Rubber Market studies the performance of the Liquid Silicone Rubber market 2023. It encloses a detailed Research of the Liquid Silicone Rubber market state and the competitive landscape globally.Growing demand for Liquid Silicone Rubber in surgical tools estimates the growth of Liquid Silicone Rubber Market by 2023
Market Introduction:
Liquid silicone rubber (LSR) is a pure platinum-cured silicone elastomer. Market Research Future (MRFR) has published and released a research report about the global liquid silicone rubber market that predicts growth for this market during the forecast period between 2016 and 2023.
The primary factors and trends enhancing the growth of the global liquid silicone rubber market include growing the demand for LSR in equipment and surgical tools required for the treatment of the rising geriatric population. Electronic industry is rising due to extensive research and development in innovating material technology.The rise of the electronic industry will also aid the growth of global LSR market. Growing markets of some products whose manufacturing requires LSR can also aid the growth of LSR market. Other factors benefitting the LSR market growth include changing the standard of living, demand for electronics and consumer goods, easy compatibility of products, and rapid urbanization.
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Key Players
Dow Corning Corporation (USA), Elkem Group (China), KCC Corporation (South Korea), Momentive Performance Materials Inc. (USA), Reiss Manufacturing Inc. (USA), Shin-Etsu Chemical Co., Ltd. (Japan), Simtec Silicone Parts, LLC (USA), Stockwell Elastomerics Inc. (USA), Wacker Chemie AG (Germany), and Zhejiang Xinan Chemical Industrial Group Co., Ltd. (China).
Latest Industry News
German chemical company, Wacker Chemie, will soon expand its ACEO 3D printing services for silicone rubber by opening a US-based printing lab later this year. The facility is the company’s first regional 3D printing lab outside of Germany. It will be located at Wacker’s R&D center for silicones in Ann Arbor, Michigan.
20 SEP 2018
A group of South Korean companies has signed an agreement to acquire MPM Holdings Inc., the parent company of Momentive, the global silicones supplier, for about the US $3.1 bn. The 9 businesses run by Momentive include ceramics, coatings, electronics, elastomers (heat cured rubber and custom compounds and liquid silicone rubber), sealants, silanes (including those for tire and rubber), specialty fluids, quartz, and urethane additives.
15 SEP 2018
Many multinational companies are forging collaboration or launching joint ventures with distributors in order to achieve sustainable growth in the overall market. However, the market growth can experience glitches due to stringent regulation regarding the emission of harmful gases.
The global liquid silicone rubber market has been segmented on the basis of application, grade, and lastly, region. The application-based segmentation of this market segments the market into automotive, consumer goods, electrical & electronics, medical and others. Based on grade, the market has been segmented into food, industrial, and medical.
Regional 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. Growing demand for lightweight material in the automobile industry in the region is also fueling the market growth. Moreover, the growing mergers & acquisitions among the leading companies is set to propel the market in the U.K, Italy, Germany, and France over the forecast period
Full Report Details are Available @ https://www.marketresearchfuture.com/reports/liquid-silicone-rubber-market-5421
Market Segmentation:
The global liquid silicone rubber market is segregated into the grade and application. On the basis of the grade, the market is further categorized into industrial, food and medical segments. On the basis of the application, the market is segmented into automotive, electrical & electronics, consumer goods and medical.
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
LIST OF TABLES
Table 1 World Population By Major Regions (2016 To 2030)
Table 2 Global Liquid Silicone Rubber Market: By Region, 2016-2023
Table 3 North America Liquid Silicone Rubber Market: By Country, 2016-2023
Table 4 Europe Liquid Silicone Rubber Market: By Country, 2016-2023
Table 5 Asia-Pacific Liquid Silicone Rubber Market: By Country, 2016-2023
Contact Info:
Name: Abhishek
Email: Send Email
Organization: Market Research Future
Address: Market Research Future Office No. 528, Amanora Chambers Magarpatta Road, Hadapsar, Pune - 411028
Phone: +1 646 845 9312m
Website: https://www.marketresearchfuture.com/reports/liquid-silicone-rubber-market-5421
Release ID: 460790
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