The recent report titled as “Global Liquid Silicone Rubber Market2021: Industry Analysis, Status and Forecast To 2027″, published by Value Market Research, predicted to touch USD XXX MN by 2027, with high CAGR of X.X% growing from USD XXX MN in 2020. This report adds the impact of COVID-19 on this industry with varied vital aspects of the market like size, share, growth, trends and development. The report also highlights the evidence-based data, latest challenges, competitive landscape and the key strategy of top players as it supports to better decision making and help to understand the overall market.
The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide. The major players in the liquid silicone rubber market include Dow, KCC Corp., Nusil Technology LLC, Simtec Silicone Parts LLC, Shin-Etsu Chemical Co., Ltd., StockwellElastomerics, Inc., WackerChemie AG, Others. This section includes a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.
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The global liquid silicone rubber (LSR) market is experiencing continuous growth and expansion in recent years. The market growth has been primarily driven by developing different industries, like the healthcare and automotive sector during the forecast period. The rising usage of LSR in these various industries positively impacts the manufacturers’ profitability and molding machines. The key reason for the increased use of liquid silicone rubber in multiple sectors is high dielectric strength, tensile strength, durability, and high elongation that make it appropriate for application in industries like the automotive sector in the form of products such as sealants. Its features like lightweight, durability and resistance to high temperatures have made silicone rubber essential components in
automobiles and replacing metals. Recently, the healthcare sector is witnessing strong growth. The growth of the healthcare sector is equivalently impacting the market. There has been an extreme increase in demand for medical implants. The rise in the geriatric population has also elevated the need for medical implants in the last decades. This high demand for medical implants is boosting the growth of the market. However, strict legislative regulations regulating the use of medical devices and implants may create hindrances in the market growth in the forecast period.
The report covers Porter’s Five Forces Model, Market Attractiveness Analysis and Value Chain analysis. These tools help to get a clear picture of the industry’s structure and evaluate the competition attractiveness at a global level.
Additionally, these tools also give inclusive assessment of each application/product segment in the global market of liquid silicone rubber.
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The entire liquid silicone rubber market has been sub-categorized into grade and end-use. The report provides an analysis of these subsets with respect to the geographical segmentation. This research study will keep marketer informed and helps to identify the target demographics for a product or service.
- Consumer Goods
- Electrical and Electronics
This section covers regional segmentation which accentuates on current and future demand for Liquid Silicone Rubbermarket across North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. Further, the report focuses on demand for individual application segment across all the prominent regions.
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