Liquid Silicone Rubber Market

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Liquid Silicone Rubber MARKET 2020
Industry Survey, Growth, Competitive
Landscapeand Forecasts to 2024
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Liquid Silicone Rubber MARKET 2020
Liquid Silicone Rubber Market 2020 Industry
Survey, Growth, CompetitiveLandscape and
Forecasts to 2024
Liquid silicone rubber is silicone elastomer
available in different grades such as industrial,
food and medical. Liquid silicone rubber (LSR)
possess unique properties such as chemical
inertness, electrical resistance, high thermal
stability and temperature resistance among
others. Due to superior properties, LSR are used
in various applications such as medical devices,
automotive and electrical goods. The protuberant
factors and trends fostering growth of the global
liquid silicone rubber market are growing the
demand for LSR in surgical tools and equipment
coupled with rising geriatric population.
Extensive research and development in innovating
material technology is anticipated to cater to a
huge growth of the electronic industry, which, in
turn, drives the global liquid silicon rubber
market. For instance, LSR is used in
manufacturing of various modern applications such
as kitchenware, LED headlights, fitness tracker,
and medical implants. These products are
projected to open new avenues for liquid silicone
rubber manufacturer. Additionally, rapid
urbanization, changing standard of living and
easy compatibility of products are fueling the
demand for the electronics and consumer goods,
thereby supplementing the demand for liquid
silicone rubber market. However, stringent
regulation regarding emission of harmful gases
may restraint the market growth.
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Liquid Silicone Rubber MARKET 2020
Market Segmentation 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. Enquiry of the
Report https//www.marketresearchfuture.com/enqui
ry/5421
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Liquid Silicone Rubber MARKET 2020
Regional Analysis
The global liquid silicone rubber market is
spanned across five key regions Asia Pacific,
North America, Europe, Latin America, and the
Middle East Africa. Asia Pacific is projected
to witnessed strong growth in global market and
is anticipated to continue its dominance due to
rising demand for liquid silicon rubber in
various applications such as electronic and
consumer goods. Countries such as China, Japan
and India are the major players in this region.
The North America region is estimated to witness
a higher growth due to rapid technology
advancement in material along with supporting
government policies in healthcare industry. U.S.
is leading country owing to increasing demand for
durable and lightweight LSR material in
automotive, construction, aviation, electrical
electronics, and others. The representation of
new rules and regulations set by the European
Union has driven the manufacturers to use
efficient and low emission materials in the
end-use industries. Moreover, it is projected
that the advancing research development of
liquid silicone rubber in the market has
propelled this region to witness a significant
growth in Germany, the U.K and Italy. The Middle
East Africa is estimated to observe a
significant growth due to increasing consumption
of low density materials in aerospace,
construction, medical, and others.
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Liquid Silicone Rubber MARKET 2020
Application Major Players in this Research
Liquid Silicone Rubber Market Prominent
Players Some of the major players functioning
in the global liquid silicone rubber market are
Wacker Chemie AG (Germany), Dow Corning
Corporation (U.S.), Momentive Performance
Materials Inc. (U.S.), Shin-Etsu Chemical Co.,
Ltd. (Japan), KCC Corporation (South Korea),
Elkem Group (China), Simtec Silicone Parts, LLC
(U.S.), Zhejiang Xinan Chemical Industrial Group
Co., Ltd. (China), Stockwell Elastomerics Inc.
(U.S.) and Reiss Manufacturing Inc. (U.S.).
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