Liquid Silicone Rubber Market : Liquid Silicone Rubber Is Expanding At An Astounding Rate, Helped By Its Expanding Use In The Consumer Electronics Sector

Liquid Silicone Rubber Market Overview

According to a recent survey conducted by ChemView Consulting, the Global Liquid Silicone Rubber Market grew at a CAGR of 5.6% between 2017-2021 and is estimated to be US$ 2,436.9Mn in 2022. Currently, the market is anticipated to grow at a CAGR of 6.7% and is expected to reach a valuation of US$ 4,661.0Mn by 2032 end.

Liquid silicone rubber (LSR) has a variety of special qualities, including electrical resistance, chemical inertness, and the capacity to sustain very high temperatures. These characteristics have allowed them to be widely used in the medical, electrical & electronics, automotive, and other industries. The growing elderly population is fueling the medical business’s need for medical implants and gadgets.

Due to the existence of stringent regulations in the medical industry, the expansion of the liquid silicone rubber market is constrained. The laws governing the materials used in appliances, implants, and medical devices have increased. To preserve their market position, producers must adhere to strict restrictions.

ChemView Consulting has analyzed that liquid silicone rubber is expanding at an astounding rate, helped by its expanding use in the consumer electronics sector. This is related to the need for daily use of ruggedized versions of personal gadgets. Due to its high durability, affordability, and soft characteristics, the demand for liquid silicone rubbers is also driven by the growing use of rubber in manufacturing smartphones, headsets, smart wristbands, and other devices.

Shortly, the demand for liquid silicone rubber is anticipated to be significantly influenced by the expanding healthcare sector and the aging population. The booming expansion of the electronics industry is another factor that is expected to increase demand for liquid silicone rubber. Over the forecast period, it is also anticipated that the automotive sector will help fuel a rise in demand for liquid silicone rubber.

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Segments Covered in Report

By Grade Type:

  • Food Grade
  • Industrial Grade
  • Medical Grade
  • Other Grades

By Technology:

  • Liquid Injection Molding System
  • Other Molding Processes

By End-Use:

  • Consumer Goods
  • Electrical and Electronics
  • Construction
  • Automotive
  • Healthcare
  • Others

By Region and Country:

  • North America (U.S., Canada)
  • Latin America (Brazil, Mexico, Rest of Latin America)
  • Europe (Germany, Italy, France, UK, Spain, Netherlands, Norway, Russia, Rest of Europe)
  • Asia-Pacific (China, Japan, South Korea, India, Indonesia, Thailand, Vietnam, Australia & New Zealand, Rest of Asia-Pacific)
  • Middle East (Saudi Arabia, Turkey, UAE, Rest of Middle East)
  • Africa (South Africa, Nigeria, Egypt, Rest of Africa)

Key Takeaways from the Liquid Silicone Rubber Market

  • Based on the technology, the liquid silicone rubber market is divided into various molding techniques and liquid injection molding systems based on technology. The fluid injection molding system market is anticipated to maintain its dominance over the assessment period.
  • Based on the end-use, liquid silicone rubber sales are anticipated to increase across the automotive industry at a CAGR of 7.6% during the projected period.
  • Based on the region, the Asia Pacific region has the fastest-growing automotive applications due to faster growth in automobile manufacturing, which accounts for 43.9% of the worldwide market. Due to their economies’ rapid growth, China and India, in particular, are driving this region’s growth. Additionally, it is projected that favorable legislation, newer applications, and innovative products will go market expansion in the next years.

Competition Summary

Key companies covered in the market study are Dow Corning Corporation, Momentive Performance Materials, Inc., Evonik Industries AG, Bluestar Silicones International, SiVance, LLC, NuSil Technology LLC, Simtec Silicone Parts, LLC, Wacker Chemie AG, Stockwell Elastomerics Inc., Xinapse Systems Ltd

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Report Key Highlights and Coverage

  • Our comprehensive, data-backed, and facts-oriented report provides niche and cross-sectional analysis at global and country levels.
  • Assessment of the historical (actual data) and current market size (2017-2021), market projections (2022-2032), and CAGR.
  • The market assessment across North America, Europe, East Asia, South Asia & Pacific, Latin America, Middle East, and Africa.
  • Competitive tactical intelligence, key strategies adopted by top players, production capacity and company shares analysis, product brand surveys, and export-import analysis
  • Pricing analysis to set and benchmark your current or future offerings across each product type helps you understand whether your pricing strategy is aligned with market expectations and can be compared to market disruptions.
  • Predictions on critical supply and demand trends and technological expertise needed to address operations scalability.
  • Consumer behavior shifts and their implications for players, list of end-users, and their consumption analysis.
  • Key drivers, restraints, opportunities, and emerging trends impact market growth.
  • Value chain analysis (list of manufacturers, distributors, end-users, and average profitability margins).
  • Strategic market analysis, recommendations, and future headways on crucial winning strategies.

About ChemView Consulting

ChemView Consulting is a leading information, market intelligence, and business consulting firm serving clients worldwide in Chemical & Materials, Food & Beverage, Oil & Gas, Clean Energy & Power, and Packaging domains. In their business transformation journey, we have collaborated with global enterprises, including 70% of the largest Forbes 1000 enterprises, helping them deliver on their business ambitions. ChemView Consulting serves clients in approximately 100 countries, with its office in New York, U.S., and Pune, India.

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