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Global Liquid Silicone Rubber Market to See Incredible Growth 2024 By Major Players:Dow Corning Corporation, Wacker Chemie AG, Elkem Silicones, NUSIL, KCC CORPORATION, SIMTEC, Stockwell Elastomerics, Inc., Zhejiang Xinan Chemical Industrial Group Co.Ltd.

01-21-2019 07:35 PM CET | Industry, Real Estate & Construction

Press release from: Data Bridge Market Research

/ PR Agency: Data Bridge Market Research
Global Liquid Silicone Rubber Market to See Incredible Growth

A SWOT analysis can be quite handy when it comes to determining the drivers and restraints of the Global Liquid Silicone Rubber Market. The Global Liquid Silicone Rubber report aims to underline all the key aspects of the Global Liquid Silicone Rubber Market to keep you updated about the recent happenings of the market, for instance, key players and brand’s acquisitions, mergers, joint ventures, recent developments, products launches, and the competitive research.
The competition is expected to intensify in the upcoming years and augment the need for proper strategizing for business players. The Global Liquid Silicone Rubber report further explains the market definition, classifications, applications, engagements, and global reach is for the Global Liquid Silicone Rubber industry while giving a CAGR forecast for the period of 2017 and 2024.
Global Liquid Silicone Rubber Market accounted for USD 884.3 million in 2016 and projected to grow at a CAGR of 9.1% during the forecast period of 2017 to 2024. The upcoming market report contains data for historic years 2014, 2015, the base year of calculation is 2016 and the forecast period is 2017 to 2024.

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Market Definition: Global Liquid Silicone Rubber Market

Liquid silicone rubber possesses exceptional elasticity that gets into its normal shape after stretching. Liquid silicone rubber deals with different qualities for instance, hardness, tensile strength, and compression set. Moreover, it is bacteria resistant and also water repellent. It has its wide application in automotive, medical, electrical & electronics, and consumer goods. Increasing demand for LSR-based products in the healthcare industry, and increase in demand for LSR in the electrical & electronics industry may act as the major driver in the growth of Liquid silicone rubber market. On the other side, stringent regulatory policies may hamper the market.

Major Market Drivers:

• Increasing demand for LSR-based products in the healthcare industry
• increase in demand for LSR in the electrical & electronics industry
• Stringent regulatory policies

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Market Segmentation:

The Global Liquid Silicone Rubber Market is segmented on the basis of grade into industrial grade, medical grade, and food grade.

• On the basis of application, the global liquid silicone rubber market is segmented into automotive, medical, electrical & electronics, consumer goods, and others. The automotive segment is sub segmented into components, automotive parts. The components segment is sub segmented into harness components, and self-lubricating components. The automotive parts segment is sub segmented into membranes & valves, dampers and noise reduction folds, and seals & gaskets. The medical segment is further sub segmented into implants, medical devices, and medical equipment parts. The medical devices segment is sub segmented into skin contact devices, and infusion pumps and dialysis filters. The medical equipment parts segment is sub segmented into flow control valves, sterilized parts, syringe stoppers, and precision equipment vibration dampers. The electrical & electronics segment is sub segmented into electrical insulation, and electrical & optical components. The electrical insulation segment is sub segment into electronic potting. The electrical & optical components segment is sub segmented into led light components, and lighted panel buttons. The consumer goods segment is sub segmented into home appliance components, food contact products, water contact products, and infant care products. The home appliance components segment is sub segmented into o-rings and gaskets, and others. The others segment is segmented into knife holders, and spatulas. The food contact products segment is sub segmented into baking molds, and ice cube trays. The water contact products segment is sub segmented into sanitary applications, and drinking water cans. The infant care products segment is sub segmented into infant nipples, and toys. The others segment is sub segmented into cosmetic applications, building & construction, aerospace & aeronautics, and industrial components. The industrial components segment is sub segmented into irrigation and filtration components, and over molded parts.

• On the basis of geography, the global liquid silicone rubber market report covers data points for 28 countries across multiple geographies such as North America, South America, Europe, Asia-Pacific and Middle East & Africa. Some of the major countries covered in this report are U.S., Canada, Germany, France, U.K., Netherlands, Switzerland, Turkey, Russia, China, India, South Korea, Japan, Australia, Singapore, Saudi Arabia, South Africa, and Brazil among others.

Major Market Competitors:

Some of the major players in Global Liquid Silicone Rubber Market include
Dow Corning Corporation,
Wacker Chemie AG,
Elkem Silicones,
NUSIL,
KCC CORPORATION,
SIMTEC,
Stockwell Elastomerics Inc.,
Zhejiang Xinan Chemical Industrial Group Co.Ltd.,
REISS MANUFACTURING INC.,
Momentive,
Applied Silicone Corporation,
MESGO S.p.A.,
Accurate Products Corporation (P) Ltd., and others.

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Competitive Landscape:

The global liquid silicone rubber market is consolidated due to the presence of limited number of players concentrated in few countries. These major players have adopted various organic as well as inorganic growth strategies such as mergers & acquisitions, new product launches, expansions, agreements, joint ventures, partnerships, and others to strengthen their position in this market.

About Us:

Data Bridge Market Research set forth itself as an unconventional and neoteric Market research and consulting firm with unparalleled level of resilience and integrated approaches. We are determined to unearth the best market opportunities and foster efficient information for your business to thrive in the market. Data Bridge Market Research provide appropriate solutions to the complex business challenges and initiates an effortless decision-making process.

Contact:

Data Bridge Market Research

Tel: +1-888-387-2818
Email: Sopan.gedam@databridgemarketresearch.com

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