Global Liquid Silicone Rubber Market, By Curing system (Injection Moulding, Peroxide Cure System, Platinum-Based Cure System and Condensation Cure System), Application (Electrical and Electronics, Automotive, Medical, Consumer Goods, Building and Construction, Cosmetic Applications, Aerospace and Aeronautics and Industrial Components), Grade (Industrial Liquid Silicone Rubber, Medical Liquid Silicone Rubber and Food Liquid Silicone Rubber), Technology (Liquid Injection Moulding System), Country (U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, France, Italy, U.K., Belgium, Spain, Russia, Turkey, Netherlands, Switzerland, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, U.A.E, Saudi Arabia, Egypt, South Africa, Israel, Rest of Middle East and Africa) Industry Trends and Forecast to 2028.
Market Analysis and Insights of Liquid Silicone Rubber Market
Data Bridge Market Research analyses that the liquid silicone rubber market will witness a CAGR of 7.81% for the forecast period of 2021-2028. Growing focus of the manufacturers towards new product development, growing use of liquid silicone rubber for a wide range of end use applications such as electrical and electronics, automotive, medical, consumer goods, building and construction, cosmetic applications, aerospace and aeronautics and industrial components and surge in industrialization especially in the developing countries are the major factors attributable to the growth of the liquid silicone rubber market.
From the name itself, it is clear that liquid silicone rubber is a high quality and pure platinum cured silicone rubber. Biocompatibility, superior dielectric strength, high elongation and high tensile strength and high chemical and bacteria resistance are the major properties of liquid silicone rubber which makes it suitable for a wide range of industrial applications.
Rise in application of liquid silicone rubber for aerospace and aeronautical applications is the root cause fuelling up the market growth rate. Rising industrialization coupled with growth in the demand by healthcare industry to manufacture the medical devices will also directly and positively impact the growth rate of the market. Growth and expansion of various end user verticals especially in the emerging economies coupled with surge in the investments to develop the infrastructure in these regions will further carve the way for the growth of the market. Growth in the manufacturing activities in the developing economies coupled with surging research and development proficiencies will also foster the market growth rate.
However, high costs associated with manufacturing and processing will pose a major challenge to the growth of the market. Surging availability of low quality and cheaper products coupled with stringent regulations imposed by the government will dampen the market growth rate. Fluctuations in the prices of raw materials will further derail the market growth rate.
This liquid silicone rubber market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localised market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographical expansions, technological innovations in the market. To gain more info on liquid silicone rubber market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Global Liquid Silicone Rubber Market Scope and Market Size
The liquid silicone rubber market is segmented on the basis of curing system, application, grade and technology. The growth amongst the different segments helps you in attaining the knowledge related to the different growth factors expected to be prevalent throughout the market and formulate different strategies to help identify core application areas and the difference in your target market.
- On the basis of curing system, the liquid silicone rubber market is segmented into injection moulding, peroxide cure system, platinum-based cure system and condensation cure system.
- On the basis of application, the liquid silicone rubber market is segmented into electrical and electronics, automotive, medical, consumer goods, building and construction, cosmetic applications, aerospace and aeronautics and industrial components. Electrical and electronics segment is sub-segmented into electrical insulation and electrical and optical components. Electrical insulation segment is further bifurcated into electronic potting. Electrical and optical components segment is further bifurcated into LED light components and lighted panel buttons automotive segment is sub-segmented into components and automotive parts. Components segment is further bifurcated into harness components and self-lubricating components. Automotive parts segment is further bifurcated into membranes and valves, dampers and noise reduction folds and seals and gaskets. Medical segment is sub-segmented into implants, medical devices and medical equipment parts. Medical devices segment is further bifurcated into skin contact devices and infusion pumps and dialysis filters. Medical equipment parts segment is further bifurcated into flow control valves, sterilized parts, syringe stoppers and precision equipment vibration dampers. Consumer goods segment is sub-segmented into food contact products, home appliance components, water contact and baby care products. Food contact products segment is further bifurcated into baking moulds and ice cube trays. Home appliance components segment is further bifurcated into O-rings, gaskets and other seals, knife holders and spatula. Water contact segment is further bifurcated into sanitary applications and drinking water cans. Baby Care Products segment is further bifurcated into nipples and toys. Industrial components segment is sub-segmented into irrigation and filtration components and over moulded parts.
- On the basis of grade, the liquid silicone rubber market is segmented into industrial liquid silicone rubber, medical liquid silicone rubber and food liquid silicone rubber.
- On the basis of technology, the liquid silicone rubber market is segmented into liquid injection moulding system. Liquid injection moulding system segment is sub-segmented into moulding process.
Liquid Silicone Rubber Market Country Level Analysis
The liquid silicone rubber market is analysed and market size, volume information is provided by country, curing system, application, grade and technology as referenced above.
The countries covered in the liquid silicone rubber market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, Israel, Egypt, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
North America dominates the liquid silicone rubber market and will continue to flourish its dominance during the forecast period owing to the growing application by the healthcare industry. Asia-Pacific will score the highest CAGR for this period growth and expansion of various end user verticals especially in the developing economies such as India and China, rising research and development proficiencies and large scale availability of raw materials.
The country section of the liquid silicone rubber market report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as consumption volumes, production sites and volumes, import export analysis, price trend analysis, cost of raw materials, down-stream and upstream value chain analysis are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Liquid Silicone Rubber Market Share Analysis
The liquid silicone rubber market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to liquid silicone rubber market.
The major players covered in the liquid silicone rubber market report are Wacker Chemie AG, Shin-Etsu Chemical Co., Ltd., KCC SILICONE CORPORATION., Jiangsu Tianchen New Materials Co., Ltd, Dow, DuPont., Momentive, Elkem ASA, Avantor, Inc., RICO GROUP, STOCKWELL ELASTOMERICS, INC., Zhejiang Xin'an Chemical Group Co., Ltd., REISS MANUFACTURING, INC., MESGO SpA, Accurate Products Corporation (P) Ltd., Innovative Silicones, Laur Silicone Inc., Apple Rubber Products, SHEN ZHEN HONG YE JIE TECHNOLOGY Co., Ltd. and CVA Silicone among other domestic and global players. Market share data is available for global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.