Liquid Silicone Rubber Market – Detailed Survey On Future Applications & Key Innovations 2025
Global Liquid Silicone Rubber Market: Overview
The global liquid silicone rubber market will grow at a robust pace between 2017 and 2025. The market will gain from the high growth in the electrical and electronics segments, besides the rising demand in medical applications. Besides this, rapid growth witnessed in the demand for medical grade LSRs will also boost the global LSR market. The medical grade LSR significantly brings down the risk of bacterial infections and is therefore used in skin medications to aid functionality and absorption. In the electrical and electronics application, liquid silicone rubber is used in electrical potting and insulation.
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The report provides a comprehensive liquid silicone rubber market overview covering growth drivers and major restraints influencing its trajectory. To present a detailed assessment, it studies the effect of Porter’s five forces on the global liquid silicone rubber market. The analysis is intended to gauge the degree of competition prevailing in the market and the bargaining power of buyers and sellers. It also sheds light on the threat from new entrants and product substitutes. Information thus included in the study is intended to help readers gain a holistic perspective of the global liquid silicone rubber market.
Global Liquid Silicone Rubber Market: Key Market Segments
Due to the high use of liquid silicone rubber in medical applications, the industry will emerge as one of the leading application segments. The rising demand for LSR-based products in the healthcare will positively impact the global LSR market. Furthermore, the demand from the medical industry is forecast to increase further over the course of the forecast period. The market is expected to gain from the rising demand for disposable medical devices and implants.
Therefore experts project robust growth in demand for medical grade LSR. The rising aging population, coupled with the increasing health awareness, will drive the use of LSR in the medical sector, thereby boosting the medical grade LSR segment. However, this grade requires approval from various organizations and must cater to several regulations before getting marketed. It is also costlier than other grades, which could create bottlenecks for the segment.
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Global Liquid Silicone Rubber Market: Regional Outlook
Regionally, while North America has remained the leading market, over the course of the forecast period Asia Pacific is likely to exhibit greater opportunities. The rising demand from India and China will aid the growth of the liquid silicone rubber market in the region. Besides this, with global companies establishing extensive distribution channels, the regional liquid silicone rubber market is expected to gain significant impetus in the coming years. The increasing demand in healthcare applications, high economic growth, and competitive manufacturing will favor expansion of the market in Asia Pacific.
In North America, the market will witness lucrative opportunities in the U.S., which also is the fastest growing liquid silicone rubber market in the region. The nations boasts a sophisticated healthcare infrastructure which aids the expansion of the liquid silicone rubber market therein.
Global Liquid Silicone Rubber Market: Vendor Landscape
Dow Corning, Wacker Chemie AG, Shin-Etsu, Bluestar Silicones, and Momentive Performance Materials are among the most prominent companies in the global liquid silicone rubber market. There policies and marketing strategies have profound impact on the market hence the report includes a detailed assessment of the key market players. The analysis covers their recent mergers and aquisitions, financial record of the past few years, product portfolio, and the overall development status.
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The liquid silicone rubber market report also covers the outcome of SWOT analysis, which identifies the strengths and weaknesses of the companies profiled. It also provides insights into threats and opportunities that they will witness over the course of the forecast period.
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