Press release
The Liquid Silicone Rubber Market Composites growth outlook with industry review and forecasts
Global Market Insights has a new study based report titled " Liquid Silicone Rubber Market Size, Industry Analysis Report, Regional Outlook (U.S., Canada, Germany, France, UK, Italy, Russia, China, Japan, India, Thailand, Indonesia, Malaysia, Australia, Brazil, Mexico, Saudi Arabia, UAE, South Africa), Application Development Potential, Price Trends, Competitive Market Share & Forecast, 2017 – 2024".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.
Liquid silicone rubber is highly pure platinum cured silicone rubber. Key properties of LSR are biocompatibility, chemical & bacteria resistance, superior dielectric strength, high elongation and high tensile strength which has varied application in many industries and will propel product demand.
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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.
1. Liquid Silicone Rubber Market size & forecast by product & application
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
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.
Liquid silicone rubber finds application in manufacturing automotive parts such as lighted panel buttons, soft touch components, valves, LED headlights, spark plug boots, gaskets, wiper blades bellows and protective caps and custom O-rings. Global automobile production was accounted for over 95 million units in 2016 and is expected to grow in future, driving global liquid silicone rubber market attributing to its properties like high thermal stability, durability and resistance to compression, tears and stress.
In addition, LSR generates minimum waste, energy saving, automated process and economies of scale which is likely to favor its application in automotive sector.
LSR is also used in electronics such as wearables and other personal electronic ruggedize the product and enable them to be used in prohibitive environment. Global electronics market sized to be over USD 5,000 Billion in 2016 and is anticipated to grow up to 10% owing to rising economic standards which may have positive influence on liquid silicone rubber market size.
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The Liquid Silicone Rubber Market Report Consists of,
1. Methodology and Scope
2. Executive Summary
3. Liquid Silicone Rubber Market Industry Insights
3.1 Industry segmentation
3.2. Industry size, forecast and growth expectations, 2016 - 2024
3.3. Industry ecosystem analysis
3.4. Raw material insights
3.5. Technology insights
3.6. Regulatory framework
3.7. Industry dynamics
3.8. Key growth opportunities
3.9. Porter's analysis
3.10. Company market share, 2015
3.11. PESTEL analysis
3.14. Regional price trends
4. Liquid Silicone Rubber Market Product Insights
5. Liquid Silicone Rubber Market Application Insights
6. Liquid Silicone Rubber Market Regional Insights
7. Competitor Profiles
Positive application outlook to produce various consumer goods including molded shower heads, slit valves, printer rollers, cosmetic applicators, dispensers, bakeware, baby products & toys, silicone vibration dampers and high transparency buttons may propel industry growth. LSR is cost effective and less labor intensive due to high-volume production capacity and automation which may fuel product demand.
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Asia Pacific led by China, India, Japan and South Korea liquid silicone rubber market size may witness strong gains. Multinational companies are establishing their distribution network, manufacturing plants and R&D centers in this region owing to cheap labor and availability of raw materials which may favor regional industry growth. China has the largest electronics market and is also a major exporter of such products due to impeccable technology innovations along with cheap production cost which may boost product demand in this region.
North America led by the U.S and Canada is the largest liquid silicone rubber market owing to positive indicator in healthcare industry and growing demand for disposable medical devices, implants and equipment propelling regional industry growth. As of 2015, 15% of total population in the U.S. is aged above 65 and needs medical attention hence would impact positively on LSR market size.
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.
About Global Market Insights, Inc.:
Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.
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Arun Hegde
Corporate Sales, USA
Global Market Insights, Inc.
Phone:1-302-846-7766
Toll Free: 1-888-689-0688
Email: sales@gminsights.com
Web: www.gminsights.com/
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