Liquid Silicone Rubber (LSR) Market likely to witness an impressive CAGR of 10.2%, as estimated by Stratview Research
Stratview
Research in its
recent report has offered an overlook of the current Liquid Silicone Rubber (LSR) Market scenarios and has also estimated the market size to
reach grow at CAGR of 10.2%. The insights highlighted in the
report are based on data that is carefully collected from reliable sources and
is then scrutinized to have a proper analysis.
Not only the report offers the market
size but also details about the market segmentation with its share. Stratview
Research also extends its research to offer a forecast of the market during the period, to provide the clients
with base knowledge of the market and make strategies to have beneficial
results ahead.
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Sample of the report (additional insights inside):
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Liquid
silicone rubber is a type of silicone that is cured by platinum. Such silicone
type enjoys high stability and is known to have high resistance towards high
temperature.
Liquid
silicone rubber has its application in a number of areas such as automotive,
medical, electronics, consumer goods, and others.
This
report studies the market covering a period of 12 years of trend and forecast.
The report provides detailed insights into the market dynamics to enable
informed business decision making and growth strategy formulation based on the
opportunities present in the market.
Click here for description of the report:
https://www.stratviewresearch.com/792/liquid-silicone-rubber-market.html
Based on the grade type, the market is
segmented as industrial grade, medical grade, and food grade. The medical grade
segment is estimated to grow at the highest rate in the coming five years. The
growth is attributed to the rising elderly population, across the board,
coupled with the growing cognizance about health apprehensions, which is
driving the medical applications segment. As grades are subjected to various
approvals and protocols for practice in the medical sector, these are more
expensive against other grades. Hence, the medical grade segment is projected
to be the largest segment during the forecast period.
Based on the application type, the market is
segmented as automotive, medical, electrical & electronics, consumer goods,
and others. The medical segment is estimated to be the fastest-growing
application segment during the forecast period, in terms of both value and
volume. The growth is attributed to the growing claim for throwaway-medical
devices and implants.
In terms of regions, Asia-Pacific is the
largest market for liquid silicone rubber. The region is likely to maintain its
dominance during the forecast period. China and India are the growth engines of
the region. China is estimated to be the largest, while India is estimated to
be the fastest-growing market in the coming five years. The market is driven by
the presence of global manufacturing giants in the region. North America is
also estimated as the largest market for liquid silicone rubber during the
forecast period. The USA is the fastest-growing market in the region. The
market is sustained by the increasing demand for implants, disposable medical
devices, and equipment parts.
Check out the Table of
Contents here:
https://www.stratviewresearch.com/toc/792/liquid-silicone-rubber-market.html
Highlights of the
Report:
Liquid Silicone
Rubber (LSR) Market is likely to witness an impressive CAGR of 10.2%
during the forecast period. Rapid development in the medical and electrical
& electronics applications and fast progress in the improvement for medical
grade LSRs are the prime factors governing the global LSR market. The
engagement of medical grade LSRs minimize the hazard of bacterial
contaminations and are henceforth, employed in skin medications to support
functionality and absorption. They are extensively used in electrical &
electronics application for electrical potting and insulation. Further, owing
to their prime properties, such as chemical inertness and elevated temperature
confrontation, they are also utilized in the engineering of LED lights.
Some of the major
players in the liquid silicone rubber market are DOW Corning, Wacker Chemie
AG, Momentive Performance Materials Inc., Shin-Etsu Chemical Co., Ltd.,
Bluestar Silicones (Elkem Group), KCC Corporation, Nusil Technology LLC, Simtec
Silicone Parts, LLC, Stockwell Elastomerics Inc., Zhejiang Xinan Chemical
Industrial Group Co., Ltd., and Reiss Manufacturing Inc.
Features of the Report
This report
offers high-quality insights and is the outcome of detailed research
methodology comprising extensive secondary research, rigorous primary
interviews with industry stakeholders and validation and triangulation with
Stratview Research’s internal database and statistical tools.
The Liquid Silicone Rubber
(LSR) Market analysis report discusses the following heads in great detail:
- Market structure:
Overview, industry life cycle analysis, supply chain analysis
·
Market environment
analysis: Growth drivers and constraints, Porter’s five forces analysis, SWOT
analysis
·
Market trend and forecast
analysis
·
Market segment trend and
forecast
·
Competitive landscape and
dynamics: Market share, product portfolio, product launches, etc.
·
Attractive market segments
and associated growth opportunities
·
Emerging trends
·
Strategic growth
opportunities for the existing and new players
·
Key success factors
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