Liquid silicone rubber (LSR) is an elastomer, which is chemically stable, flame retardant, and possess high heat and cold resistance. It exhibits properties of organic as well as inorganic materials. LSR can withstand high and low temperatures, is flexible, has low viscosity and high tensile strength, and is much better than the organic rubber. Such properties make LSR a good alternative to rubber and plastic in automotive, healthcare, electricals & electronics, cosmetics & personal care industry and consumer goods. It has varied usage in tracheal tubes, oxygen gas masks, catheters, stoppers, dialysis filters, soft touch components, LED headlights, valves, gaskets, protective caps, cosmetics applicators, print rollers, baby products & toys, and others.
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Due to its water resistance, adhesiveness, and defoaming properties, LSR is used widely in the automotive industry. In addition, LSR is unaffected by the use of disinfecting chemicals and does not turn brittle when exposed in cold temperatures, making it a preferred choice in many medical applications. Presence of various end-user industries of LSR in consumer goods and electricals & electronic also drive the market growth. However, stringent regulations limiting the use of LSR in kitchenware and medical devices restrain the market growth.
The liquid silicone rubber market is segmented based on grade, end-user industry, and region. Based on grade, the market is further divided into food, medical, and industrial. The end-user industry segment is classified into automotive, healthcare, electrical & electronics, cosmetics & personal care, consumer goods, and others. Further, the region-wise liquid silicone rubber market analysis includes North America, Europe, Asia-Pacific, and LAMEA (Latin America, Middle East and Africa) region.
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The key players operating in the liquid silicone rubber market include Dow, Elkem ASA, KCC Corporation, Momentive, Reiss Manufacturing Inc., Shin-Etsu Chemical Co., Ltd., Simtec Silicone Parts, LLC, Stockwell Elastomerics Inc., Wacker Chemie AG, and NuSil.
KEY BENEFITS FOR STAKEHOLDERS:
- The liquid silicone rubber market size has been analyzed across all regions
- Porter’s five force analysis helps to analyze the potential of buyers & suppliers and the competitive scenario of the industry for strategy building
- The report outlines the current market trends and future scenario of the market size from 2018 to 2026 to understand the prevailing opportunities and potential investment pockets.
- Major countries in the region have been mapped according to their individual revenue contribution to the regional market
- The key drivers, restraints, and market opportunities and their detailed impact analysis are elucidated in the study
- The market analysis covers in-depth information of major industry participants.
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