Press release
"Liquid Silicone Rubber Market": Global Industry Size, Demand, Drivers and Top Market Players 2024
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.
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The 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.
Global Liquid Silicone Rubber Market By Grade (Industrial Grade, Medical Grade, Food Grade); Application (Automotive {Components, Automotive Parts}, Medical {Implants, Medical Devices, Medical Equipment Parts}, Electrical & Electronics {Electrical Insulation, Electrical & Optical Components}, Consumer Goods); Geography (North America, Europe, Asia-Pacific, Europe, South America, Middle East and Africa) – Industry Trends and Forecast to 2024
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Complete report on Global Liquid Silicone Rubber Market Research Report 2017-2024 spread across 350 Pages, profiling Top companies and supports with tables and figures
Key Questions Answered in Global Liquid Silicone Rubber Market Report:-
Our Report offers:-
• What will the market growth rate, Overview and Analysis by Type of Global Liquid Silicone Rubber Market in 2024?
• What are the key factors driving, Analysis by Applications and Countries Global Liquid Silicone Rubber Market?
• What are Dynamics, This Overview Includes Analysis of Scope, and price analysis of top Vendors Profiles of Global Liquid Silicone Rubber Market?
• Who are Opportunities, Risk and Driving Force of Global Liquid Silicone Rubber Market?
• Who are the opportunities and threats faced by the vendors in Global Liquid Silicone Rubber Market? Business Overview by Type, Applications, Gross Margin and Market Share
• What are the Global Liquid Silicone Rubber Market opportunities, market risk and market overview of the Market?
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Top Key Players:
• 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.
Major Market Drivers and Restraints:
• 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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Customize report of "Global Liquid Silicone Rubber Market" as per customers requirement also available.
Market Segmentations:
Global Liquid Silicone Rubber Market is segmented on the basis of
• Grade
• Application
• Geography
Market Segmentations in Details:
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.
On the basis of geography
• North America
• South America
• Europe
• Asia-Pacific
• Middle East & Africa
Competitive Landscape: Global Liquid Silicone Rubber Market
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.
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