San Francisco, 24 October 2018 , The global liquid silicone rubber market is expected to reach USD 3.29 billion
by 2025, according to a new report by Grand View Research, Inc. Increasing
applications in end-use segment, particularly in medical and electronics
industry has propelled the demand for the overall market. In addition, rising
geriatric population and new material developments continue to fuel the demand
of overall market.
Unique properties of liquid silicone rubber
such as chemical inertness, heat resistance, flexibility, low viscosity has
made it an ideal material to be incorporated into medical implants and devices.
Moreover, the market is undergoing through extensive research and development
process to innovate the material technology, which creates huge growth
opportunities in upcoming years for the market.
Industrial grade was the largest segment in
grade category in 2015 and held 53.5% of the overall market revenue. Automotive
sector includes major applications of liquid silicone rubber in manufacturing
of LED headlights, wiper blades and several other electronic components.
Medical application was the fastest growing
segment over the forecast period with an estimated CAGR of around 9% from 2016
to 2025. The material is biocompatible thus has major applications in medical
implants & devices, equipment parts such as sterilized parts, valves, skin
contact devices, infusion pumps and others.
Full Research Report On Liquid Silicone Rubber
Market Analysis:
www.grandviewresearch.com/industry-analysis/liquid-silicone-rubber-lsr-market
www.grandviewresearch.com/industry-analysis/liquid-silicone-rubber-lsr-market
Further key findings from the report suggest:
·
The global liquid silicone rubber market
revenue reached USD 1.5 billion in 2015 and is expected to grow at a CAGR of
7.9% from 2016 to 2025
·
Industrial grade emerged as the largest
grade segment in 2015 and is estimated to generate revenue over USD 1.7 billion
by 2025
·
Global liquid silicone rubber revenue in
medical application was USD 285.6 million in 2015 and is anticipated to witness
staggered growth over the next nine years
·
The U.S. liquid silicone rubber market in
medical application is expected to reach a total revenue of over USD 234.4
million by 2025
·
The industry in Asia Pacific is projected
to witness rapid growth over the next decade owing to various developments
across major economies, especially in the automotive and electronics industry.
The regional market is expected to grow at a CAGR of 8.6% from 2016 to 2025
·
Key participants in the market include Dow
Corning, Momentive Performance Materials Inc., KCC Corporation, Simtec Silicone
Parts, LLC, Bluestar, Stockwell Elastomerics Inc., Zhejiang Xinan Chemical Industrial
Group Co., Ltd., Shin-Etsu Chemical Co., Ltd., Wacker Chemie AG, Nusil
Technology LLC, Laur Silicone and others. In the recent years, new product
developments and acquisitions have been the major growth strategy acquired by
key industry players for enhancing their market positions.
Browse
More Reports Of This Category By Grand View Research At: www.grandviewresearch.com/industry/advanced-materials
Grand View Research has segmented the global liquid silicone rubber
market on the basis of grade, application and region:
Grade Outlook (Revenue, USD Million; 2013 -
2025)
·
Food
·
Medical
·
Industrial
Application Outlook (Revenue, USD Million; 2013
- 2025)
·
Medical
·
Automotive
·
Consumer Goods
·
Electricals & electronics
·
Others
Regional Outlook (Revenue, USD Million; 2013 -
2025)
·
North America
o
U.S.
o
Others
·
Europe
o
Germany
o
France
o
U.K.
o
Others
·
Asia Pacific
o
China
o
India
o
Japan
o
Others
·
Central & South America
o
Brazil
o
Others
·
Middle East & Africa
Access Full Press Release of this Report:
www.grandviewresearch.com/press-release/global-liquid-silicone-rubber-lsr-market
www.grandviewresearch.com/press-release/global-liquid-silicone-rubber-lsr-market
About Grand View
Research
Grand View Research, Inc.
is a U.S. based market research and consulting company, registered in the State
of California and headquartered in San Francisco. The company provides
syndicated research reports, customized research reports, and consulting
services. To help clients make informed business decisions, we offer market
intelligence studies ensuring relevant and fact-based research across a range
of industries, from technology to chemicals, materials and healthcare.
For more information: www.grandviewresearch.com/
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