Press release
Global Liquid Silicone Rubber Market Will Expected to Grow at a CAGR of 8.60% 2023
The global Liquid Silicone Rubber (LSR) market is valued at 1083.08 Million USD in 2017 and will reach 1776.84 Million USD by the end of 2023, growing at a CAGR of 8.60% during 2017-2023.Liquid silicone rubber (LSR) is a high purity platinum-cure silicone. LSR is well suited for injection molding owing to its excellent liquidity. It’s also very ideal for complex molds since it easily fits in the most complex parts of any mold.
Liquid Silicone Rubber (LSR) can be divided into three categories: industrial grade LSR, food grade LSR and medical grade LSR. Industrial grade LSR accounted for the highest proportion in the production market, with a figure of 55.42% in 2017, followed by food grade LSR, account for 25.74% and medical grade LSR account for 18.84%.
The consumption market share of global Liquid Silicone Rubber (LSR) in medical products, home appliance and food contact, automotive, electronics and electrical, building industry and others has been stable year by year, at 20.25%, 34.34%, 18.81%, 17.37%, 5.78% and 3.45% respectively in 2017, and for several consecutive years, the amplitude was within one percent. This indicates that the segment of the Liquid Silicone Rubber (LSR) in the global market tends to be fixed without great changes. Among them, the Liquid Silicone Rubber (LSR) market has the most promising sales prospects in home appliance and food contact application.
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OMR center data shows that USA is the biggest contributor to the Liquid Silicone Rubber (LSR) revenue market, accounted for 43.65% of the total global market with a revenue of 472.82 million USD in 2017, followed by European Union, 23.05% with a revenue of 249.67 million USD.
Dow Corning is the largest company in the global Liquid Silicone Rubber (LSR) market, accounted for 27.73% of the revenue market share in 2017, followed by Wacker Chemicals and Momentive 2.5% of the revenue market share in 2017.
Geographically, this report split global into several key Regions,
with sales (K Units), revenue (M USD), market share and growth rate of Liquid Silicone Rubber (LSR) for these regions, from 2014 to 2026 (forecast), covering
• China
• USA
• Europe
• Japan
• Korea
• India
• Southeast Asia
• South America
Global Liquid Silicone Rubber (LSR) market competition by top manufacturers/players,
with Liquid Silicone Rubber (LSR) sales volume, Price (USD/Unit), revenue (M USD) and market share for each manufacturer/player; the top players including
• Dow Corning
• Wacker Chemicals
• Momentive
• ShinEtsu
• KCC Corporation
• Laur Silicone
• Tianci Materials
• Guangdong Polysil
• Shenzhen SQUARE Silicone
• BlueStar Xinghuo
• Jiangsu Tianchen
• Dongguan New Orient Technology
Browse Full Report at: https://www.ozonemarketreports.com/pharmaceuticals-and-healthcare/global-liquid-silicone-rubber-sales-market-report-2020/227436
On the basis of product, this report displays the production, revenue, price, market share and growth rate of each type, primarily split into
• Industrial Grade LSR
• Food Grade LSR
• Medical Grade LSR
On the basis on the end users/applications,
this report focuses on the status and outlook for major applications/end users, sales volume, market share and growth rate of Liquid Silicone Rubber (LSR) for each application, including
• Medical Products
• Home Appliance and Food Contact
• Automotive
• Electronics and Electrical
• Building Industry
• Others
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