The global high consistency silicone rubber market is anticipated to witness a robust CAGR in the forecast period, 2023-2027. The high demand for high consistency silicone rubber is because it showcases versatile physical properties and biocompatibility, which makes it suitable for a wide range of medical applications and fabrication methods. Their usage in different end-use industries, including electronics, food, pharmaceuticals, medical, chemical & petrochemical industry, and the rise in the awareness about the benefits of using high consistency silicone rubber is expected to primarily drive the demand for the global high consistency silicone rubber market over the forecast period.
Advantages of Using
The high consistency silicone rubber has excellent mechanical and electrical insulating properties and has a shorter development time. The fabrication options that are used in the high consistency silicone rubber include extrusion, injection molding, compression molding, and calendaring. Their versatile material properties, processing features, and cure options make high consistency silicone rubber suited for a wide range of medical device applications. One of the major advantages of using high consistency silicone rubber is the ability to use additives in the pre-cured formulation. In case if any of the additives are temperature-sensitive or adversely interact with the formulary components, which can result in an incomplete cure, high consistency silicone rubber can be used to customize the solutions to solve the issue. Due to the growing healthcare industry and the rise in the development of medical devices, the demand for an efficient fabrication process to protect the drugs from getting affected and increase shelf life is expected to rise. Since no two-fabrication process and medical devices are the same, the leading-edge silicon providers are actively making the use of high consistency silicone rubber to offer higher flexibility in the manufacturing process. Therefore, the advantages of using high consistency silicone rubber are expected to boost the market growth over the next five years.
High Demand for Medical Applications Supports the Market Growth
High consistency silicone rubber has been used by the medical industry for a long time. They comprise high molecular-weight polymer combined with silica for tubing and balloons to sheeting and molding parts. High consistency silicone rubber offers a wide range of processing parameters that the manufacturers use in different fabrication methods. Peroxide cure high consistency rubbers (HCRs) are used in different implant applications and can be used in both uncatalyzed and pre-catalyzed forms. One of the major advantages of using high consistency silicone rubber is its versatility. They generally consist of stronger materials and have more robust physical properties. The high consistency silicone rubber finds use in a number of implant and non-implant applications.
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Market Segmentation
Market Players
Dow Corning, Shin-Etsu, Wacker Chemie AG, SIMTEC Silicone Parts, Dongguan Jingliwei Silicone Tech Ltd, Fowcomm , Elkem Silicones, KCC Corporation, Shenzhen Inno Silica Co., Ltd, CHT Group, are the major market players operating in the global high consistency silicone rubber market.
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Attribute
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Details
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Base Year
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2021
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Historic Data
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2017 – 2020
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Estimated Year
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2022
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Forecast Period
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2023 – 2027
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Quantitative Units
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Revenue in USD Million, Volume in Units, and CAGR for 2017-2021
and 2022-2027
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Report coverage
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Revenue forecast, volume forecast, company share, competitive
landscape, growth factors, and trends
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Segments covered
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Process
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End-Use
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Regional scope
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North America; Asia Pacific; Europe; South America; Middle
East & Africa
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Country scope
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United States; Canada; Mexico; China; India;
Japan; Australia; South Korea; Indonesia; Vietnam; Germany; France; United
Kingdom; Italy; Russia; Brazil; Argentina; Colombia; South Africa; Saudi
Arabia; UAE; Egypt
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Key companies profiled
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Dow Corning, Shin-Etsu, Wacker Chemie AG, SIMTEC Silicone
Parts, Dongguan Jingliwei Silicone Tech Ltd, Fowcomm , Elkem Silicones, KCC
Corporation, Shenzhen Inno Silica Co., Ltd, CHT Group
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Customization scope
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10% free report customization with purchase. Addition or
alteration to country, regional & segment scope.
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Pricing and purchase options
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Avail customized purchase options to meet your exact research needs. Explore purchase
options
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Delivery Format
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PDF and Excel through Email (We can also provide the editable
version of the report in PPT/Word format on special request)
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