Global Liquid Silicone Rubber Market Trends, Applications, Analysis, Growth, and Forecast to 2027

The Liquid Silicone Rubber Market report Overview:

“The global Liquid Silicone Rubber Market size is expected to be worth around US$ xx Billion by 2021 from US$ X.xx million in 2031, growing at a CAGR of X.x% during the forecast period 2021 to 2031.”

The Liquid Silicone Rubber Market report offers in-depth insights, revenue details, and other vital information regarding the target market, and the various trends, drivers, restraints, opportunities, and threats till 2027.

The report offers insightful and detailed information regarding the various key players operating in the market, their financials, supply chain trends, technological innovations, key developments, apart from future strategies, acquisitions & mergers, and market footprint. The global liquid silicone rubber market report has been segmented on the basis of grade, application, and region.

A Liquid silicone rubber material is a combination of platinum-cured elastomer which is injected into a mold cavity during manufacturing of parts. The operating temperature range for LSR is between -65°C to 150°C.

Due to thermosetting nature of material, liquid silicone injection molding requires special treatment such as intensive distributive mixing, while maintaining the material at a low temperature before it is pushed into heated cavity and vulcanized.

Increasing demand for liquid silicon rubber from plastic industry for production of plastic parts through injection molding process is a major factor driving growth of the liquid silicone rubber market.

In addition, liquid silicone rubber offers distinctive properties such as high resistance to heat and chemical, and growing demand from various industrial verticals such as automotive and electronic sectors are other major factors expected to drive growth of the global liquid silicone rubber market.

Furthermore, wide applicability of the product in household goods such as protective gloves and supports to spatulas and barbeque brushes, and even cooking pans is another factor expected to support growth of the target market.

However, high cost of liquid silicone rubber is a major factor restraining growth of the global liquid silicone rubber market.

Increasing R&D activities by major manufacturers for development of innovative products is expected to present new opportunities in terms of revenue for players operating in the global liquid silicone rubber market over the forecast period.

The market in North America is expected to dominate the global silicone rubber market in terms of revenue as compared to the market in other regions. This can be attributed to growing demand from healthcare and food and beverage sectors, coupled with presence of major manufactures operating in this region.

Europe market is the second-highest in revenue contribution to the global liquid silicone rubber market followed by the markets in Asia Pacific, Latin America and Middle East & Africa.

The market in Asia Pacific is expected to witness fastest growth over the forecast period, owing to growing automotive and electronic sectors in emerging economies in such as China and India. In 2017, according to India Brand Equity Foundation, automotive sales increased by 9.5% which was 4.02 million units as compared to the previous year.

Global Liquid Silicone Rubber Market Segmentation:

By Grade:

• Food
• Medical
• Industrial

By Application:

• Medical
• Automotive
• Consumer Goods
• Electricals & electronics

By Region:

• North America
• Europe
• Asia Pacific
• Latin America
• Middle East & Africa