Liquid Silicone Rubber Market – Overview
Liquid Silicone Rubber find usage in extensive end use application such as consumer goods, automotive, medical, electrical & electronics, and others. The liquid silicone rubber market is anticipated to witness significant growth on account of their unique properties along with excellent usage in various end use industries specifically in electrical & electronics, automotive, and others. Among the end use application segment, in 2016, automotive and medical together accounted for the largest application segment and is estimated to retain its dominance due to the continuous expansion of transportation industry in developing countries. The factors attributed to the market growth are continuous expansion of automotive and transportation sector, increasing demand in various end use industries, and growing medical industry. Furthermore, growing automotive production coupled with liquid silicone rubber based products is estimated to propel the growth of the market during the review period.
Industry/ Innovation/ Related News:
January 2018- U.S. based Starlim North America Corp. announced to complete expansion project of liquid silicone rubber at their London based plant. This strategic move will help company to meet the rising demand for liquid silicone rubber worldwide.
February 2017- Foster Corporation, one of the leading supplier of medical solutions announced to distribute medical grade silicone rubbers such as WACKER SILPURAN for the North American healthcare markets. This distribution agreement will help WACKER to offer customers to receive best possible support, service, and logistics in North America.
October 2017- Wacker Chemie AG is planning to increase their expansion projects in the US, Europe, and Asia. The company announced to start their new silicone elastomer manufacturing plant in Jincheon, South Korea. This capacity expansion will help company to meet the rising demand for silicone rubber across the globe.
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October 2017- Shin-Etsu Chemical Co. Ltd., announced to spend around USD 21.3 million to expand their Akron OH plant. This capacity expansion is estimated to be complete by the mid of 2019. This strategic move will help company to meet the robustly increasing demand for silicones in the U.S.
August 2015- Trelleborg announced to develop their liquid silicone rubber injection molding production footprint. This capacity expansion is predicted to allow future growth in small to medium sized technical liquid silicone rubber specifically for automotive, industrial, and electronics market.
Major Manufacturers Profiles:
Simtec Silicone Parts, LLC, Zhejiang Xinan Chemical Industrial Group Co., Ltd., Stockwell Elastomerics Inc., Wacker Chemie AG, Dow Corning Corporation, Momentive Performance Materials Inc, Shin-Etsu Chemical Co., Ltd., KCC Corporation, Elkem Group, and Reiss Manufacturing Inc. among others are the prominent market players at the forefront of competition in the Global Liquid Silicone Rubber Market and are profiled in MRFR Analysis.
Liquid Silicone Rubber Geographical Outlook:
Regionally, Asia Pacific is estimated to hold the largest LSR market share in 2016 which is followed by North America and further trailed by Europe. In North America the liquid silicone rubber (LSR) market is anticipated to exhibit moderate growth over the forecast period on account of substantial growth of medical as well as pharmaceutical industry in this region. Asia Pacific is expected to witness tremendous growth during the forecast period in liquid silicone rubber market owing to increasing application of liquid silicone rubber in various end use industries. In Asia Pacific, the demand for liquid silicone rubber is estimated to enhance in several countries such as Indonesia, the Philippines, South Korea, Taiwan, India, Japan, and China on account of enhancing population along with shifting of production facilities for most of the major market players in this region. In Europe, liquid silicone rubber market is predicted to register above average growth due to shifting consumer preference towards the liquid silicone rubber along with high adoption rate in medical, consumer goods, and transportation sector specifically in Germany, Poland, Belgium, Spain, France, Italy, UK, and Russia.
The Liquid Silicone Rubber report has analysed the degree of competition among the key manufacturers in liquid silicone rubber market as well as sector growth and market scenario. The global liquid silicone rubber market consists of broad range of producers operating in the market which comprises of medium level and large scale manufacturers. Some of the major players of liquid silicone rubber which has strong hold in the market have shifted their focus towards growth association specifically by Asia Pacific as moderate level and high level suppliers belongs to this province specifically from Taiwan, Japan, Australia, China, India, South Korea, the Philippines, Malaysia, and Thailand.
In addition, the key operating players of liquid silicone rubber are observed to follow various strategic plans to enhance their product portfolio such as distribution agreements, joint ventures, product launches, strategic acquisition, and mergers, and exclusive agreements. Key manufacturers in this market are expected to improve their production capacity of liquid silicone rubber to meet the growing demand for liquid silicone rubber worldwide.
- Liquid silicone rubber market manufacturers
- Traders and Distributors of Liquid silicone rubber market
- Production Process Industries
- Potential Investors
- Raw Material Suppliers
- Nationalized Laboratory
LIST OF TABLES
Table 1 World Population By Major Regions (2016 To 2030)
Table 2 Global Liquid Silicone Rubber Market: By Region, 2016-2023
Table 3 North America Liquid Silicone Rubber Market: By Country, 2016-2023
Table 4 Europe Liquid Silicone Rubber Market: By Country, 2016-2023
Table 5 Asia-Pacific Liquid Silicone Rubber Market: By Country, 2016-2023
Table 7 Middle East & Africa Liquid Silicone Rubber Market: By Country, 2016-2023
Table 6 Latin America Liquid Silicone Rubber Market: By Country, 2016-2023
Table 8 Global Liquid Silicone Rubber By Grades Market: By Regions, 2016-2023
Table 9 North America Liquid Silicone Rubber By Grades Market: By Country, 2016-2023
Table 10 Europe Liquid Silicone Rubber By Grades Market: By Country, 2016-2023
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