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Liquid Silicone Rubber Market Share | LSR Industry Report, 2023

04-05-2018 02:20 PM CET | Advertising, Media Consulting, Marketing Research

Press release from: P&S Market Research

Liquid Silicone Rubber Market Share | LSR Industry Report, 2023

Liquid silicone rubber (LSR) is a type of elastomer with better electrical properties, flame retardancy and chemical stability, and high heat and cold resistivity. These elastomers are used for the production of high quality parts and devices in automotive, medical devices, electrical and electronics, consumer products and others.

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The global Liquid Silicone Rubber market is expected to witness considerable growth during the forecast period (2016-2022). The growth in the global market is being driven by factors such as increasing demand from electrical and electronics, and medical devices industry. 

The global liquid silicone rubber market has been categorized on the basis of LSR grade and application. On the basis of grade, the global market has been segmented into industrial grade, medical grade and food grade. Based on application, the global market has been segmented into automotive, medical, electrical and electronics, consumer goods, and others.

Geographically, North America led the global LSR market in 2015, due to the technological advancements in the region and high demand for high quality products in medical, automotive, electrical and electronics industry. 

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Some of the key players in the global liquid silicone rubber market are Dow Chemical Company, Wacker Chemie AG, Momentive Performance Materials Inc., China National Bluestar (Group) Co. Ltd., Shin-Etsu Chemical Co. Ltd., Simtec Silicone Parts, LLC and KCC Corporation.

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P&S Market Research is a market research company, which offers market research and consulting services for various geographies around the globe. We provide market research reports, industry forecasting reports, business intelligence, and research based consulting services across different industry/business verticals.

As one of the top growing market research agency, we’re keen upon providing market landscape and accurate forecasting. Our analysts and consultants are proficient with business intelligence and market analysis, through their interaction with leading companies of the concerned domain. We help our clients with B2B market research and assist them in identifying various windows of opportunity, and framing informed and customized business expansion strategies in different regions.

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