Press release
Liquid Silicone Rubber Market Global Industry Professional Survey with Top Company Profiles 2023|Wacker Chemie AG (Germany), Dow Corning Corporation (U.S.), Momentive Performance Materials Inc. (U.S.), Shin-Etsu Chemical Co., Ltd. (Japan), KCC Corporation
Liquid Silicone Rubber industry research, Liquid Silicone Rubber Market Size, Liquid Silicone Rubber Market Share, Liquid Silicone
Liquid Silicone Rubber Industry/ Innovation/ Related News:
January 2019- 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.
Get Sample Copy of this Report @ https://www.marketresearchfuture.com/sample_request/5421
Liquid Silicone Rubber Market Scenario-
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. Automotive application segment witnessed reasonable growth owing to growing application of LSR in manufacturing windshield wiper blades, LED headlights, gaskets and other parts which can minimal weight and increase efficiency.
Market Segmentation-
The global liquid silicone rubber market is segregated into the grade and application. On the basis of the grade, the market is further categorized into industrial, food and medical segments. On the basis of the application, the market is segmented into automotive, electrical & electronics, consumer goods and medical.
Global 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
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
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.
The European market witnessed a remarkable growth in the last couple of years. It is projected that due to technological advancement to manufacture LSR in end-use industries, the market is set to grow at a higher rate during the forecast period. Growing demand for lightweight material in the automobile industry in the region is also fueling the market growth. Moreover, the growing mergers & acquisitions among the leading companies is set to propel the market in the U.K, Italy, Germany, and France over the forecast period.
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
At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.
Contact:
Market Research Future
Office No. 528, Amanora Chambers
Magarpatta Road, Hadapsar,
Pune - 411028
Maharashtra, India
+1 646 845 9312
Email: sales@Market research future.com
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Liquid Silicone Rubber Market Global Industry Professional Survey with Top Company Profiles 2023|Wacker Chemie AG (Germany), Dow Corning Corporation (U.S.), Momentive Performance Materials Inc. (U.S.), Shin-Etsu Chemical Co., Ltd. (Japan), KCC Corporation here
News-ID: 1490156 • Views: …
More Releases from Market Research Future (MRFR)
Tofu Market to Reach USD 2.7 Billion by 2032 at 9.01% CAGR Driven by Rising Plan …
The global tofu market is poised for substantial growth over the next decade, projected to reach an impressive valuation of USD 2.7 billion by 2032. This expansion reflects a compound annual growth rate (CAGR) of 9.01% from 2024 to 2032, fueled by a surge in consumer demand for plant-based foods and an evolving global food culture. As more consumers seek healthier and sustainable alternatives to animal-based protein sources, tofu has…
Plant-Based Food Ingredients Market to Hit USD 40.2 Billion by 2035 at 7.96% CAG …
The global plant-based food ingredients market is witnessing remarkable growth, propelled by an increasing shift in consumer preferences toward healthier and more sustainable food options. According to recent market research by Market Research Future, the market was valued at USD 16.03 billion in 2023 and is projected to reach an impressive USD 40.2 billion by 2035. This growth trajectory is expected to continue at a compound annual growth rate (CAGR)…
Semolina Market to Reach USD 2.57 Billion by 2032 at 2.31% CAGR, Driven by Healt …
The global semolina market is poised for steady growth over the coming decade, with its valuation expected to reach USD 2.57 billion by 2032. According to the latest Market Research Future analysis, the market was valued at USD 2.12 billion in 2023 and is projected to expand from USD 2.14 billion in 2024 to USD 2.57 billion by 2032, exhibiting a compound annual growth rate (CAGR) of 2.31% during the…
Ginger Extract Market to Reach USD 2.18 Billion by 2034 at 5.4% CAGR Driven by D …
The global ginger extract market is poised for substantial growth in the coming decade, with a projected valuation of USD 2.18 billion by 2034. According to the latest analysis from Market Research Future, the market was valued at USD 1.29 billion in 2024 and is expected to grow at a compound annual growth rate (CAGR) of 5.4% from 2025 to 2034. This robust growth trajectory is largely fueled by increasing…
More Releases for Liquid
Vitamins: The Liquid Goldmine in the Booming Liquid Dietary Supplements Market
The liquid dietary supplements market is experiencing a surge in popularity, driven by consumers seeking convenient and effective ways to boost their health and wellness. Among the diverse offerings, the vitamins segment stands out as a high-opportunity area, catering to a wide range of health needs and preferences.
Market Dynamics and Growth Drivers
Liquid vitamins offer a compelling alternative to traditional pills and capsules, providing faster absorption, easier consumption, and customizable dosages.…
Thermoelectric Assemblies Market, By Type (Air to Air, Direct to Air, Liquid to …
The thermoelectric assemblies market is expected to witness market growth at a rate of 8.25% in the forecast period of 2021 to 2028. Data Bridge Market Research report on thermoelectric assemblies market provides analysis and insights regarding the various factors expected to be prevalent throughout the forecast period while providing their impacts on the market's growth. The rise in the application of thermoelectric assemblies in the food and beverage industry…
Southeast Asia Liquid Gases Market : Growing with a CAGR of 7.1%, By Type (Liqui …
Southeast Asia liquid gases market is expected to grow significantly in the forecast period of 2023 to 2030. Data Bridge Market Research analyses that the market is growing with a CAGR of 7.1% in the forecast period of 2023 to 2030 and is expected to reach USD 5,042,237.33 thousand by 2030. The major factor driving the growth of the liquid gases market is the rising demand of fresh packaged products…
Southeast Asia Liquid Gases Market growing with a CAGR of 7.1%, By Type (Liquid …
Southeast Asia liquid gases market is expected to grow significantly in the forecast period of 2023 to 2030. Data Bridge Market Research analyses that the market is growing with a CAGR of 7.1% in the forecast period of 2023 to 2030 and is expected to reach USD 5,042,237.33 thousand by 2030. The major factor driving the growth of the liquid gases market is the rising demand of fresh packaged products…
Southeast Asia liquid gases market growing with a CAGR of 7.1%, Size, Share, Tre …
Southeast Asia liquid gases market is expected to grow significantly in the forecast period of 2023 to 2030. Data Bridge Market Research analyses that the market is growing with a CAGR of 7.1% in the forecast period of 2023 to 2030 and is expected to reach USD 5,042,237.33 thousand by 2030. The major factor driving the growth of the liquid gases market is the rising demand of fresh packaged products…
Dual Chamber Prefilled Syringes Market 2021 by Product (Liquid/Powder, Liquid/Li …
The Dual Chamber Prefilled Syringes Market report examines the market size by vital countries/regions, product type, application, historical data, and estimate to forecast. It helps to understand the structure of the Dual Chamber Prefilled Syringes Market by recognizing its different sub-segments. Furthermore, the report focuses on key market players to determine, describe and analyze the value, market share, market competition landscape, SWOT analysis, and development plans in the next few…
