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Global Liquid Silicone Rubber Market 2018 – 2023 | Top Manufacturers:Wacker Chemie AG,Dow Corning Corporation,Momentive Performance Materials,Elkem Group ,Simtec Silicone Parts,Zhejiang Xinan Chemical Industrial Group
Liquid Silicone Rubber Market,Liquid Silicone Rubber industry ,Liquid Silicone Rubber Market Size,Liquid Silicone Rubber Report
The medical grade is the most widely used grade in the global liquid silicone rubber market. High dielectric strength, bacterial resistance, and temperature resistance makes LSR an ideal choice for manufacturing medical devices, accessories and fittings in the healthcare industry. Moreover, growing stern regulations and compliances of many specification for use in medical products are further projected to drive the overall market growth. In addition, replacement of latex with LSR in impactable devices are providing new opportunities to market players.
Industrial rubber segment occupied second leading segment owing to growing electrical & electronic industry along with rising aerospace and construction industry. LSR has ability to withstand high temperature and good flexibility enables the material for usage in keypads, antennas and electronic displays. Among the application, medical industry is leading segment due to growing demand of disposable devices and medical implants. Hugh R&D investments in medical industry is also likely to foster the growth of liquid silicone rubber market.
Industry/ Innovation/ Related News:
January 2018- U.S. based Starlim North America Corp. announced to complete expansion project of liquid silicone rubber at their London based plant. This strategic move will help company to meet the rising demand for liquid silicone rubber worldwide.
February 2017- Foster Corporation, one of the leading supplier of medical solutions announced to distribute medical grade silicone rubbers such as WACKER SILPURAN for the North American healthcare markets. This distribution agreement will help WACKER to offer customers to receive best
possible support, service, and logistics in North America.
October 2017- Wacker Chemie AG is planning to increase their expansion projects in the US, Europe, and Asia. The company announced to start their new silicone elastomer manufacturing plant in Jincheon, South Korea. This capacity expansion will help company to meet the rising demand for silicone rubber across the globe.
October 2017- Shin-Etsu Chemical Co. Ltd., announced to spend around USD 21.3 million to expand their Akron OH plant. This capacity expansion is estimated to be complete by the mid of 2019. This strategic move will help company to meet the robustly increasing demand for silicones in the U.S.
August 2015- Trelleborg announced to develop their liquid silicone rubber injection molding production footprint. This capacity expansion is predicted to allow future growth in small to medium sized technical liquid silicone rubber specifically for automotive, industrial, and electronics market.
Major Key Players :-
•Wacker Chemie AG
•Dow Corning Corporation
•Momentive Performance Materials Inc.
•Shin-Etsu Chemical Co., Ltd.
•KCC Corporation
•Elkem Group
•Simtec Silicone Parts
•Zhejiang Xinan Chemical Industrial Group
•Stockwell Elastomerics Inc.
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Competitive Landscape
The Liquid Silicone Rubber report has analysed the degree of competition among the key manufacturers in liquid silicone rubber market as well as sector growth and market scenario. The global liquid silicone rubber market consists of broad range of producers operating in the market which comprises of medium level and large scale manufacturers. Some of the major players of liquid silicone rubber which has strong hold in the market have shifted their focus towards growth association specifically by Asia Pacific as moderate level and high level suppliers belongs to this province specifically from Taiwan, Japan, Australia, China, India, South Korea, the Philippines, Malaysia, and Thailand. In addition, the key operating players of liquid silicone rubber are observed to follow various strategic plans to enhance their product portfolio such as distribution agreements, joint ventures, product launches, strategic acquisition, and mergers, and exclusive agreements. Key manufacturers in this market are expected to improve their production capacity of liquid silicone rubber to meet the growing demand for liquid silicone rubber worldwide.
Regional Analysis:
Liquid silicone rubber market is segmented across five regions such as Asia Pacific, North America, Europe, Latin America, and the Middle East & Africa. Amon these, Asia Pacific is the leading region due to growing demand for the product in electrical & electronics and medical applications. Favorable government policies such as 100% FDI in the automotive industry is likely to propel the market growth in this region. China and India witnessed strong market due to the presence of established players, easy availability of raw material, and strong distribution network. China is leading market in electronic industry and exports such products with impeccable technology innovations, which, in turn, impact positively on market growth.
North America is projected to grow significantly followed by Europe region. Rising expenditure on medical devices along with growing healthcare industry is anticipated to augment the market growth. Installation of huge R&D facility, technological advancement in medical devices and growing application of LSR in electronic industry are further posing new opportunity in the coming years. Moreover, multinational companies are focusing on collaboration or joint venture with distributors to achieve sustainable growth in the overall market.
Intended Audience
• Liquid silicone rubber market manufacturers
• Traders and Distributors of Liquid silicone rubber market
• Production Process Industries
• Potential Investors
• Raw Material Suppliers
• Nationalized Laboratory
Geographical Analysis
The report covers brief analysis of the major geographic regions namely Asia Pacific, Europe, North America, Latin America, and the Middle East & Africa.
Full report on Liquid Silicone Rubber Market report spread across 135 pages, profiling 15 companies and supported with tables and figures available @ https://www.marketresearchfuture.com/reports/liquid-silicone-rubber-market-5421
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