HOME Press Releases Liquid Silicone Rubber Market worth 3.82 Billion USD by 2026



Liquid Silicone Rubber Market worth 3.82 Billion USD by 2026


The report "Liquid Silicone Rubber Market by Grade (Industrial, Medical, Food), Application (Automotive, Medical (Implants, Medical Devices), Electrical & Electronics (Insulation, and Electrical & Optical), Consumer Goods), Region - Global Forecast to 2026", The global Liquid Silicone Rubber (LSR) market is projected to reach USD 3.82 Billion by 2026, at a CAGR of 8.3%, during the forecast period, 2016 to 2026.

                                     Request Sample                                      Request Sample

Browse 80 market data tables and 40 figures spread through 145 pages and in-depth TOC on “Liquid Silicone Rubber Market by Grade (Industrial, Medical, Food), Application (Automotive, Medical (Implants, Medical Devices), Electrical & Electronics (Insulation, and Electrical & Optical), Consumer Goods), Region - Global Forecast to 2026"
http://www.marketsandmarkets.com/Market-Reports/liquid-silicone-rubber-market-75386243.html
Early buyers will receive 10% customization on reports.

LSRs have many beneficial properties such as, having heat resistance, being chemically inert, biocompatible, and easy to mold. Thus these are used in many applications including, automotive, medical, electrical & electronics, and consumer goods. The growing aging population is leading to the high growth in demand for LSR products in the healthcare industry, and the increasing demand for LSR from the electrical & electronics industry is driving the LSR market. This is resulting in an increase in the number of new product launches and expansions by companies.

Medical: The fastest growing application segment of the LSR market

The medical application is growing due to the increasing demand for LSR products in the healthcare industry. The increasing aging population, worldwide, along with the increasing awareness about health concerns is driving the medical applications of LSR. Medical-grade LSRs are used to manufacture various medical devices, accessories, and fittings, as these are temperature-resistant, and are easy to sterilize.

Medical grade LSR: The fastest growing grade in the LSR market

The medical grade LSR is the fastest growing grade of LSR. Since the use of medical grade LSRs require the compliance of many specifications and regulations for use in medical products, they are costlier than the other grades of LSRs. Thus this grade is expected to be the largest in terms of value, during the forecast period. Companies such as, Dow Corning (U.S.), and Wacker Chemie AG (Germany) are the leading companies in the manufacture of medical grade LSRs.

North America: The largest region for LSR

North America is the largest market for LSR. The market in North America is growing due to the increasing demand for LSRs in various applications including, automotive, medical, electrical & electronics, consumer goods, and others. The medical application has the largest share in the North American LSR market. This application is driven by the demand for LSR based medical devices, medical components, and implants, especially in the U.S. The major players in the LSR market such as, Dow Corning (U.S.), Momentive Performance Materials Inc. (U.S.), NuSil Technology LLC (U.S.), Simtec Silicone Parts, LLC (U.S.), and Stockwell Elastomerics Inc. (U.S) are U.S.-based companies and supply their products across the globe.

Some of the major players in the global LSR market are, Wacker Chemie AG (Germany), Bluestar Silicones (France), KCC Corporation (South Korea), Shin-Etsu Chemical Co. Ltd (Japan), and Zhejiang Xinan Chemical Industrial Group Co. Ltd (China). The key players in this market are focusing on organic growth strategies to gain a greater market share in emerging economies such as, India and Brazil. Also, several companies have strengthened their distribution networks in these countries.

About MarketsandMarkets

MarketsandMarkets is the largest market research firm worldwide in terms of annually published premium market research reports. Serving 1700 global fortune enterprises with more than 1200 premium studies in a year, M&M is catering to a multitude of clients across 8 different industrial verticals. We specialize in consulting assignments and business research across high growth markets, cutting edge technologies and newer applications. Our 850 fulltime analyst and SMEs at MarketsandMarkets are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors.

M&M’s flagship competitive intelligence and market research platform, "RT" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets. The new included chapters on Methodology and Benchmarking presented with high quality analytical infographics in our reports gives complete visibility of how the numbers have been arrived and defend the accuracy of the numbers.

We at MarketsandMarkets are inspired to help our clients grow by providing apt business insight with our huge market intelligence repository.

Contact:
Mr. Rohan
Markets and Markets
UNIT no 802, Tower no. 7, SEZ
Magarpatta city, Hadapsar
Pune, Maharashtra 411013, India
1-888-600-6441
Email: sales@marketsandmarkets.com

Connect Us

Follow us on LinkedIn  Follow us on Facebook   Follow us on Twitter 
Live Chat Support


US : 1-888-600-6441

Search reports