Growing demand for Liquid Silicone Rubber in surgical tools estimates the growth of Liquid Silicone Rubber Market by 2023
Liquid silicone rubber (LSR) is a pure platinum-cured silicone elastomer. Market Research Future (MRFR) has published and released a research report about the global liquid silicone rubber market that predicts growth for this market during the forecast period between 2016 and 2023.
The primary factors and trends enhancing the growth of the global liquid silicone rubber market include growing the demand for LSR in equipment and surgical tools required for the treatment of the rising geriatric population. Electronic industry is rising due to extensive research and development in innovating material technology. The rise of the electronic industry will also aid the growth of global LSR market. Growing markets of some products whose manufacturing requires LSR can also aid the growth of LSR market. Other factors benefitting the LSR market growth include changing the standard of living, demand for electronics and consumer goods, easy compatibility of products, and rapid urbanization.
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Key Players Dashboard:
Dow Corning Corporation
Momentive Performance Materials
Simtec Silicone Parts
Wacker Chemie AG
Zhejiang Xinan Chemical Industrial Group
Latest Industry News:
German chemical company, Wacker Chemie, will soon expand its ACEO 3D printing services for silicone rubber by opening a US-based printing lab later this year. The facility is the company’s first regional 3D printing lab outside of Germany. It will be located at Wacker’s R&D center for silicones in Ann Arbor, Michigan. 20 SEP 2018
A group of South Korean companies has signed an agreement to acquire MPM Holdings Inc., the parent company of Momentive, the global silicones supplier, for about the US $3.1 bn. The 9 businesses run by Momentive include ceramics, coatings, electronics, elastomers (heat cured rubber and custom compounds and liquid silicone rubber), sealants, silanes (including those for tire and rubber), specialty fluids, quartz, and urethane additives. 15 SEP 2018.
The report projects Europe to witness higher growth rate during the forecast period due to technological advancement to manufacture LSR in end-use industries. In this region, the growth of the market has been attributed to the growing demand for lightweight material in the automobile industry and growing mergers & acquisitions among the leading companies. These country-based markets that benefit most from these factors are France, Germany, Italy, Poland, Russia, and the United Kingdom (UK), followed by the rest of Europe.
Latin America has anticipated witnessing higher growth in the market during the forecast period due to increasing demand for liquid silicone rubber in many segments mentioned in the report. The significant country-specific markets in this region are Argentina, Brazil, and Mexico, followed by the rest of Latin America. After North America, Europe is the third largest market for LSR. The MEA region has been estimated to witness remarkable growth in the market due to factors that include growing adoption of liquid silicone rubber in consumer goods and healthcare industries. The key country-specific markets in this region are Bahrain, Turkey, Israel, Qatar, Kuwait, Oman, North Africa, Saudi Arabia, and United Arab Emirates (UAE), followed by the rest of MEA region.
The Global Liquid Silicone Rubber Market is segregated into the grade and application. On the basis of the grade, the market is further categorized into industrial, food and medical segments. On the basis of the application, the market is segmented into automotive, electrical & electronics, consumer goods and medical.
The report covers brief analysis of the major geographic regions namely Asia Pacific, Europe, North America, Latin America, and the Middle East & Africa.
Liquid silicone rubber market manufacturers
Traders and Distributors of Liquid silicone rubber market
Production Process Industries
Raw Material Suppliers
TABLE OF CONTENTS
1 Executive Summary
2 Scope Of The Report
2.1 Market Definition
2.2 Scope Of The Study
2.2.1 Research Objectives
2.2.2 Assumptions & Limitations
2.3 Markets Structure
3 Market Research Methodology