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Global Liquid Silicone Rubber Market is Expected to Grow at a CAGR of Over 8% During the Period 2019-2025 - ResearchAndMarkets.com

January 8, 2020 GMT

DUBLIN--(BUSINESS WIRE)--Jan 8, 2020--

The “Liquid Silicone Rubber Market - Global Outlook and Forecast 2020-2025” report has been added to ResearchAndMarkets.com’s offering.

The automotive industry is expected to be a major end-user of LSR products. The concepts of micro molding and cleanroom molding and the dominance of liquid injection molding systems in the manufacturing industry are likely to emerge as the major contributing factors for market growth. The APAC region is expected to dominate the market during the forecast as the region is witnessing the growth in manufacturing industries. The increasing dominance of IoT and AI and virtual reality is changing the landscape of the electronics industry as the demand for LSRs in advanced consumer durables is increasing. Further, the use in automotive LEDs and spare parts is influencing market growth.

The introduction of new MICROLIM molding machines, which are suitable for cleanroom and medical applications, is expected to drive the market substantially. As liquid injection molding processes produce less waste with short cycle time, the market is expected to witness growth during the forecast period. The market for liquid injection molding systems (LIMS) tends to increase due to their efficiency in producing components with modern foaming and thermoset overmolding. The 2K’ molding feature, which comprises multi-material, multi-color, and multi-durometer processing, is expected to be a vital growth factor for the utilization of LSR in the molding stage.

The following factors are likely to contribute to the growth of the liquid silicone rubber market during the forecast period:

The study considers the present scenario of the liquid silicone rubber market and its market dynamics for the period 2019-2025. It covers a detailed overview of several market growth enablers, restraints, and trends. The report covers both the demand and supply sides of the market. It also profiles and examines leading companies and other prominent companies operating in the market.

Key Vendor Analysis

The number of industries getting benefited from LSR is numerous. This has led to the expansion of a few manufacturing giants such as Dow Chemicals, Shin-Etsu Chemical, KCC Corp., Wacker Chemicals, and Elkem. With technology and innovation playing a major role in the market position, vendors are adopting LSRs in line with modern requirements. The entry barriers of the industry are generally based on government policies and regulations. With the abundance of silicone, the manufacturing cost is set to be limited. The scope and benefits of LSR across industries can lead to the development of new local players across the regions, which might be a crucial factor in determining market sizing and revenue of major players. Vendors are also trying to expand their business through mergers and acquisitions. The agreement between South Korean companies and MPM Holdings Inc., for $3.1 billion, might help them penetrate their product lines and distribution channels.

Key Market Insights

Key Topics Covered:

1 Research Methodology

2 Research Objectives

3 Research Process

4 Scope & Coverage

4.1 Market Definition

4.2 Base Year

4.3 Scope of the study

4.4 Market Segments

5 Report Assumptions & Caveats

5.1 Key Caveats

5.2 Currency Conversion

5.3 Market Derivation

6 Market at a Glance

7 Introduction

7.1 Overview

8 Market Dynamics

8.1 Market Growth Enablers

8.2 Market Growth Restraints

8.3 Market Opportunities and Trends

9 Global LSR Market

9.1 Market Overview

9.2 Market Size & Forecast

9.3 Five Forces Analysis

10 By Grade

10.1 Market Snapshot & Growth Engine

10.2 Market Overview

10.3 Industrial grade

10.4 Medical grade

10.5 Food Grade

10.6 Other Grades

11 By End-User Applications

11.1 Market Snapshot & Growth Engine

11.2 Market overview

11.3 Automotive industries

11.4 Healthcare industry

11.5 Consumer and Babycare Industry

11.6 Electrical and electronics industry

11.7 Others

12 By Geography

12.1 Market Snapshot & Growth Engine

12.2 Overview

13 APAC

13.1 Market Overview

13.2 By Grade

13.3 By End User

13.4 Key Countries

14 North America

14.1 Market Overview

14.2 By Grade

14.3 By End-User

14.4 Key Countries

15 Europe

15.1 Market Overview

15.2 By Grade

15.3 By End-User

15.4 Key Countries

16 Latin America

16.1 Market Overview

16.2 By Grade

16.3 By End-User

16.4 Key Countries

17 Middle East & Africa

17.1 Market Overview

17.2 By Grade

17.3 By End-User

17.4 Key Countries

18 Competitive Landscape

18.1 Competition Overview

19 Key Company Profiles

19.1 Dow Chemical

19.2 Wacker

19.3 KCC

19.4 Shin-Etsu chemical

19.5 Elkem

20 Other Prominent Vendors

20.1 CHT

20.2 Mesgo

20.3 NuSil

20.4 Reiss manufacturing

20.5 Wynca

20.6 Dongguan New Orient Technology

20.7 Guangdong Polysil

20.8 Shenzen Square Silicone

20.9 Laur Silicone

20.10 Guangzhou Tinci Materials Technology

20.11 Jiangsu Tianchen

20.12 Nanjing Sisib silicones co., ltd

20.13 Mingcheng Group limited

20.14 Shenzhen Hong Ye Jie Technology Co., Ltd

20.15 Aspire Technology Co., Ltd

20.16 Shenzhen Lianhuan Silicone Rubber Co., Ltd

20.17 Polysil

20.18 Chemical brothers

20.19 Chemzest

21 Report Summary

21.1 Key Takeway

21.2 Strategic Recommendations

22 Quantitative Summary

22.1 By Grade

22.2 End-User Application

22.3 By geography

For more information about this report visit https://www.researchandmarkets.com/r/k7fvfw

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KEYWORD:

INDUSTRY KEYWORD: CHEMICALS/PLASTICS AUTOMOTIVE TECHNOLOGY TIRES & RUBBER MANUFACTURING HARDWARE

SOURCE: Research and Markets

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PUB: 01/08/2020 08:33 AM/DISC: 01/08/2020 08:33 AM

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