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The key players in the market are Avantor, Inc.; Beacon Medtech Solutions; Dow Inc.; MOMENTIVE; Wacker Chemie AG; CHT Germany GmbH; Elkem Asa among others.

ISLE OF MAN, October 17, 2022 /EINPresswire.com/ -- What is Liquid Silicone Rubber?

Liquid silicone rubber is a platinum-cured, high-purity, two-component silicone that is ideally formulated for the production of technical components requiring strength, resistance, and high quality. LSRs are viscous but pumpable substances that are processed primarily by liquid injection moulding (LIM).
Due to their distinct chemical structures, the various grades of liquid silicone rubber have distinct physical properties. Liquid silicone rubber has no chemical reaction with other substances, including alkaline or acidic substances. It is resistant to water, oxidation, ultraviolet light, ozone, and radiation. As a result of its physical and thermal stability, liquid silicone rubber is favoured over other elastomeric polymers. In addition, the material can maintain its physical properties over a broad temperature range, including extreme high and low points. Healthcare, automotive, consumer goods, electrical, and electronic industries are major liquid silicone rubber consumers.

Liquid Silicone Rubber Market Size Analysis:

The global liquid silicone rubber market size was valued at USD XX billion in 2018 and is projected to register a CAGR of 7.0% from 2020 to 2028. The demand for liquid silicone rubber is anticipated to surge owing to the growing adoption in various industries, including automotive, healthcare, electrical & electronics, and consumer goods.

In recent years, there has been a substantial increase in the production of automobiles, resulting in an enormous demand for liquid silicone rubber. Liquid silicone rubber is used in numerous automotive applications, including tyre additives, engine gaskets, navigation displays, and foam padding. In addition, the increasing use of liquid silicone rubber in medical implants and devices is driving the market growth for liquid silicone rubber.

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Liquid Silicone Rubber Market Drivers:

The major drivers for the market are:

• Increasing demand from the healthcare industry
• The growing automotive industry
• The rising popularity of 3D printing technology

Healthcare and automotive industries are the two major end-use sectors for liquid silicone rubber. The Healthcare industry is one of the fastest-growing end-use industries for liquid silicone rubber, globally. This can be attributed to the increasing use of medical devices and implants made from LSR, owing to its superior biocompatibility and flexibility properties. Moreover, LSR is also used in catheters, as it exhibits low friction against human tissue. The automotive industry is another major consumer of LSR, as it is extensively used in various applications such as seals & gaskets, hoses, spark plug boots, and fuel lines & pumps. With the growing popularity of 3D printing technology, there is a significant potential for the use of LSR in this application.

Regional Outlook:

Asia-Pacific held the largest market share for liquid silicone rubber in 2021. The rising trend of industrialization, coupled with increased use of liquid silicone rubber in the automotive and healthcare industries, is the primary factor driving the market growth of liquid silicone rubber in this region. India is one of the largest markets for medical device and equipment production. In addition, the expansion of electronic manufacturing capacities in Asia-Pacific is driving the demand for liquid silicone rubbers. For end users in this region, market participants are presenting extensive product portfolios, including sealants, coatings, single- or two-component liquid rubbers, and adhesives. South Korea is one of the most important markets for liquid silicone rubbers in this region, which can be attributed to the country's expanding cosmetics industry.

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Liquid Silicone Rubber Market Keyplayers Analysis:

The key players in the market are Avantor, Inc.; Beacon Medtech Solutions; Dow Inc.; MOMENTIVE; Wacker Chemie AG; CHT Germany GmbH; Elkem Asa; KCC Silicone Corporation; Shin Etsu Chemical Co. Ltd.; and Stockwell Elastometrics Inc.

Dow Corning is the largest player in the liquid silicone rubber market with a share of more than 20%. The company has a strong presence in North America and Europe and is also expanding its footprint in Asia Pacific. It has a diversified product portfolio with products for different applications such as healthcare, automotive, electronics, etc.

Wacker Chemie is the second largest player in the liquid silicone rubber market with a share of more than 15%. The company has leading position in Europe and is also expanding its operations in Asia Pacific and North America. It offers a wide range of products for different applications such as construction, automotive, electrical & electronics, etc.

Shin-Etsu Chemical is the third largest player in the liquid silicone rubber market with a share of more than 10%. The company has strong presence in Asia Pacific and Japan and is also expanding its operations in North America and Europe. It offers a wide range of products for different applications such as automotive, electrical & electronics, healthcare, etc.

Key Questions Answered In This Report

• Covid 19 impact analysis on global Liquid Silicone Rubber industry.
• What are the current market trends and dynamics in the Liquid Silicone Rubber market and valuable opportunities for emerging players?
• What is driving Liquid Silicone Rubber market?
• What are the key challenges to market growth?
• Which segment accounts for the fastest CAGR during the forecast period?
• Which product type segment holds a larger market share and why?
• Are low and middle-income economies investing in the Liquid Silicone Rubber market?
• Key growth pockets on the basis of regions, types, applications, and end-users
• What is the market trend and dynamics in emerging markets such as Asia pacific, Latin America, and Middle East & Africa?

Unique data points of this report

• Statistics on Liquid Silicone Rubber and spending worldwide
• Recent trends across different regions in terms of adoption of Liquid Silicone Rubber across industries
• Notable developments going on in the industry
• Attractive investment proposition for segments as well as geography
• Comparative scenario for all the segments for years 2018 (actual) and 2031 (forecast)

Table of Content:

1. Introduction
1.1 Study Scope
1.2 The Insight Partners Research Report Guidance
1.3 Market Segmentation
1.3.1 Liquid Silicone Rubber Market, by Grade
1.3.2 Liquid Silicone Rubber Market, by End Users
1.3.3 Liquid Silicone Rubber Market, by Geography

2. Key Takeaways

3. Research Methodology
3.1 Scope of the Study
3.2 Research Methodology
3.2.1 Data Collection:
3.2.2 Primary Interviews:
3.2.3 Hypothesis formulation:
3.2.4 Macro-economic factor analysis:
3.2.5 Developing base number:
3.2.6 Data Triangulation:
3.2.7 Country level data:

4. Liquid Silicone Rubber Market Landscape
4.1 Market Overview
4.2 Porter's Five Forces Analysis
4.2.1 Bargaining Power of Suppliers
4.2.2 Bargaining Power of Buyers
4.2.3 Threat of New Entrants
4.2.4 Competitive Rivalry
4.2.5 Threat of Substitutes
4.3 Ecosystem Analysis
4.3.1 Raw Material Suppliers
4.3.2 Manufacturers
4.3.3 Distributors/Suppliers
4.3.4 End Users
4.4 Expert Opinion

5. Liquid Silicone Rubber Market – Key Market Dynamics
5.1 Market Drivers
5.1.1 Rising Demand for Silicone Rubber in Automotive Industry
5.1.2 Fueling Application of Liquid Silicone Rubber in Medical Implants and Devices
5.2 Market Restrain
5.2.1 High Cost Associated with Manufacturing and Processing
5.3 Market Opportunities
5.3.1 Surging Application in Consumer Electronics Industry Favors the Liquid Silicone Rubber
5.4 Market Future Trends
5.4.1 Increasing Investment in New Product launch from Market Players
5.5 Impact Analysis

6. Liquid Silicone Rubber – Global Market Analysis
6.1 Liquid Silicone Rubber Market Overview
6.2 Liquid Silicone Rubber Market –Volume and Forecast to 2028 (Tons)
6.3 Liquid Silicone Rubber Market –Revenue and Forecast to 2028 (US$ Million)
6.4 Competitive Positioning – Key Market Players

7. Liquid Silicone Rubber Market Analysis – By Grade
7.1 Overview
7.2 Liquid Silicone Rubber Market, By Grade (2021 and 2028)
7.3 Food
7.3.1 Overview
7.3.2 Food: Liquid Silicone Rubber Market – Revenue and Forecast to 2028 (US$ Mn)
7.3.3 Food: Liquid Silicone Rubber Market –Volume and Forecast to 2028 (Kilo Tons)
7.4 Medical
7.4.1 Overview
7.4.2 Medical: Liquid Silicone Rubber Market – Revenue and Forecast to 2028 (US$ Mn)
7.4.3 Medical: Liquid Silicone Rubber Market –Volume and Forecast to 2028 (Kilo Tons)
7.5 Industrial
7.5.1 Overview
7.5.2 Industrial: Liquid Silicone Rubber Market – Revenue and Forecast to 2028 (US$ Mn)
7.5.3 Industrial: Liquid Silicone Rubber Market –Volume and Forecast to 2028 (Kilo Tons)

8. Liquid Silicone Rubber Market Analysis – By End User
8.1 Overview
8.2 Liquid Silicone Rubber Market, By End User (2021 and 2028)
8.3 Healthcare
8.3.1 Overview
8.3.2 Healthcare: Liquid Silicone Rubber Market – Revenue and Forecast to 2028 (US$ Mn)
8.4 Automotive
8.4.1 Overview
8.4.2 Automotive: Liquid Silicone Rubber Market – Revenue and Forecast to 2028 (US$ Mn)
8.5 Consumer Goods
8.5.1 Overview
8.5.2 Consumer Goods: Liquid Silicone Rubber Market – Revenue and Forecast to 2028 (US$ Mn)
8.6 Electrical and Electronics
8.6.1 Overview
8.6.2 Electrical and Electronics: Liquid Silicone Rubber Market – Revenue and Forecast to 2028 (US$ Mn)
8.7 Others
8.7.1 Overview
8.7.2 Others: Liquid Silicone Rubber Market – Revenue and Forecast to 2028 (US$ Mn)

9. Liquid Silicone Rubber Market – Geographic Analysis
10. Impact of COVID-19 Pandemic on Global Liquid Silicone Rubber Market
11. Industry Landscape
11.1 Overview
11.2 Market Initiative
11.3 New Product Development
11.4 Merger and Acquisition

12. Company Profiles
…………..Continued

*More companies can be added in Detailed Report.

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