Global Liquid Silicone Rubber (LSR) Market By Grade (Industrial, Medical & Food), By Technology (Liquid Injection Molding System & Other Molding Processes), By End-User Industry (Medical, Automotive & Others), By Region, Competition, Forecast & Opportunities, 2024
Published Date: December - 2024 | Publisher: MIR | No of Pages: 320 | Industry: Chemicals | Format: Report available in PDF / Excel Format
View Details Buy Now 2890 Download Sample Ask for Discount Request CustomizationGlobal Liquid Silicone Rubber (LSR) Market By Grade (Industrial, Medical & Food), By Technology (Liquid Injection Molding System & Other Molding Processes), By End-User Industry (Medical, Automotive & Others), By Region, Competition, Forecast & Opportunities, 2024
Global Liquid Silicone Rubber (LSR) Market Overview
Global liquid silicone rubber (LSR) market is projected to grow from $ 1.73 billion in 2018 to $ 2.26 billion by 2024, exhibiting a CAGR of 4.62% during the forecast period. Huge LSR end-user in consumer goods coupled with increasing demand for medical grade liquid silicone rubbers are the key factors fueling growth of global LSR market. Use of medical grade LSR decreases the risk of bacterial infections, thus it is used in skin medications to support functionality and absorption. In electronics & electrical end-user, LSR is extensively used in electrical potting and insulation.
Global Liquid Silicone Rubber (LSR) Market Segmentation
Global market for liquid silicone rubber (LSR) has been categorized based on grade, end-user industry and regions. On the basis of grade, liquid silicone rubber (LSR) market has been categorized into industrial, medical and food segments. Based on end-user industry, the LSR market has been segmented into consumer goods, automotive, electrical & electronics and medical. Among the various end-user industries, medical is the fastest growing industry in global LSR market. Further, based on grades of LSR, food grade LSR segment is expected to dominate the market, owing to its increasing End-User in consumer goods, worldwide.
Global Liquid Silicone Rubber (LSR) Market Regional Segmentation
Global LSR market has been segmented into North America, South America, Europe, Asia-Pacific and Middle East & Africa. Among these regions, Asia-Pacific is the second fastest growing region in global LSR market, wherein countries like China and Japan are the major markets. Furthermore, Asia-Pacific leads the global LSR market, and China is the fastest growing and dominating market in the region, owing to rising demand for from consumer and medical industry.
Competitive Landscape
Some of the leading companies operating in global liquid silicone rubber (LSR) market are The Dow Chemical Company (previously known as Dow Corning), Wacker Chemie AG, Momentive Performance Materials Inc., Shin-Etsu Chemical Co., Ltd., KCC Corporation, China National Bluestar (Group) Co., Ltd., Laur Silicone, Inc., SIMTEC Silicone Parts, LLC, Wynca Group, Jiangsu Tianchen New Materials Co., Ltd., among others.
Years considered for this report
Historical Years2014-2017
Base Year2018
Estimated Year2019
Forecast Period2020-2024
Objective of the Study
- To analyze and
forecast global Liquid Silicone Rubber (LSR) market size.
- To forecast global Liquid
Silicone Rubber (LSR) market based on grade, end-user industry and
regional distribution.
- To identify drivers
and challenges for global Liquid Silicone Rubber (LSR) market.
- To examine competitive
developments such as expansions, new Grade launches, mergers &
acquisitions, etc., in global Liquid Silicone Rubber (LSR) market.
- To conduct the pricing
analysis for global Liquid Silicone Rubber (LSR) market.
- To identify and analyze
the profile of leading players engaged in the manufacturing of Liquid
Silicone Rubber (LSR).
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Some of the leading players in
Market Insights Research performed both primary as well as exhaustive secondary research for this study. Initially, Market Insights Research sourced a list of leading manufacturers across the globe. Subsequently, Market Insights Research conducted primary research surveys with the identified companies. While interviewing, the respondents were also enquired about their competitors. Through this technique, Market Insights Research could include the manufacturers which could not be identified due to the limitations of secondary research. Market Insights Research analyzed the Grade offerings, distribution channels and presence of all major players operating in global
Market Insights Research calculated global
Key Target Audience
- Liquid
Silicone Rubber (LSR) manufacturers and suppliers
- Government
and other regulatory bodies
- Research
institutes and organizations
- Market
research and consulting firms
The study is useful in providing answers to several critical questions that are important for industry stakeholders such as manufacturers, partners and end users. The study would also help them in identifying which market segments should be targeted over the coming years in order to strategize investments and capitalize on growth of the market.
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