Liquid Silicone Rubber Market to accrue lucrative gains over the forecast timeframe | Key players are KCC Corporation, Wacker Chemie AG, Dow Corning, Bluestar Silicones, Shin-Etsu Chemical Co.
Liquid Silicone Rubber Market size is may experience significant gains owing to increasing application in healthcare and automotive industry. Aging population and growing health concerns will drive global industry growth.
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Liquid silicone rubber is extensively used in surgical tools and equipment including oxygen mask instruments, tracheal tube, rings, stoppers, closures, catheters, liquid feeding bottles, cushioning pads syringe stoppers, saccules and dialysis filters owing to its properties like biocompatibility, temperature resistant and potential for reduced risk of contamination. The U.S. is largest medical devices market and sized over USD 150 billion as of 2015 and expected to grow substantially over time driving liquid silicone rubber market.
Opting medical grade LSR has economies of scale over other materials for manufacturing and is non-allergenic to skin, superior hygienic quality, flexibility and softness which ensure patients comfort. It is also an effective replacement for latex in medical implants.
Reasons to Buy This Report:
1. Liquid Silicone Rubber Market size & share forecast by product & application 2019-2025
2. Growth drivers, pitfalls & industry challenges
3. Key Liquid Silicone Rubber Market growth opportunities & emerging business models
4. Competitive benchmarking with market share analysis and company profiles
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Global liquid silicone rubber market is slightly consolidated. Key industry participants operating in this market are Momentive Performance Materials, KCC Corporation, Zhejiang Xinan Chemical Industrial Group, Wacker Chemie AG, Dow Corning, Bluestar Silicones, Shin-Etsu Chemical Co. and Simtec Silicone Parts.
Major companies are focusing on collaborations & partnerships along with strategic alliance which may expand regional presence. Moreover, these companies are entering into partnerships with silicone suppliers to get latest material technology.
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