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Liquid silicone rubber market forecast with a CAGR of 9 percent through 2025

  12/3/2019 - Chicago, IL - According to Arizton's recent research report, Liquid Silicone Rubber Market - Global Outlook and Forecast 2020-2025, the LSR market is expected to grow at a CAGR of around 9 percent during the forecast period. By 2025, the LSR market will witness an incremental growth of $1.36 billion. The APAC region is expected to be the major contributing region with approximately 37 percent of the total market share by 2025. Due to the superior medical grade requirements and increase in clean room molding techniques, medical grade LSR is expected to grow at a CAGR of around 10 percent. The growth in electronic and autonomous vehicles along with 3D printing trends are the major drivers for the growth of industrial LSR. North America is expected to witness significant growth due to the rise in the automobile and electronics industries by 2025. The healthcare industry is the largest end-user of LSR. The APAC healthcare industry is expected to grow at a CAGR of over 11 percent during the forecast period. While China, Japan and South Korea are the major hot spots for industrial grade LSR, the advanced healthcare facilities in European countries like Germany, France and the U.K. are major potential markets for medical grade LSR, which is expected to grow more than 40 percent during the forecast period. Food grade liquid silicone rubbers are widely used for food preparation and storage. They are designed in such a way that they become hypoallergenic to consumers. They resist bacteria and microorganism growth, thereby increasing their application in the food and beverage industry. The replacement of thermoplastic elastomers by liquid silicone rubber for the manufacturing of baby care products, infant goods and other consumer durables is a significant boost for the baby care market growth. APAC has emerged as the strongest market for consumer and baby care products. The high hygiene capabilities of medical-grade LSR and specialized medical applications in cardiology, oncology, orthopedics, neurosurgery and other surgeries have substantially increased the market share of the medical-grade segment. The continuous demand from the medical industry tends to test the capabilities of the liquid molding machine manufacturers. In order to perform less invasive procedures with quicker recovery time, doctors and surgeons are in need of highly complex devices and equipment with high precision and innovation. This has led to an increasing demand for medical grade LSR and introduced the concept of micro molding, which helps in molding LSR up to 2 microns. Micro molding is a process of producing extremely small, but highly resistant thermoplastic parts. This technique is witnessing a growth in the medical, electrical and electronics, industrial and medium scale industries due to their specific requirement of tight tolerance, and microscopic and more precise components. The global liquid silicone rubber market is greatly influenced by major industries such as automotive, electronics and healthcare. The APAC region is the market leader due to the presence of several electronics and manufacturing sites that are making use of this material. China is a global leader in the semiconductor industry, generating more than half of the global revenue. The abolition of the 'one child policy' by the Chinese communist party to reduce the ratio of an aging population has substantially increased the infant numbers. This is driving the growth of LSR as it finds its increased use in baby care products and toy manufacturing industries. Major vendors include Dow Chemical, Wacker, KCC, Shin-Etsu Chemical and Elkem. Other vendors include CHT, Mesgo, NuSil, Reiss Manufacturing, Samsung Electronics, Wynca Tinyo Silicone, Dongguan New Orient Technology, Guangdong Polysil, Shenzhen Square Silicone, Laur Silicone, Tinci, JiangSu TianChen, Sisib Silicones, Mingcheng Group Ltd., Shenzhen Hong Ye Jie Technology, Aspire Technology Co., Ltd., Shenzhen Lianhuan Silicone Rubber, Polysil, Chemical Brothers and Chemzest.

Monday, December 9, 2019

Dunlop Sport Maxx tires are factory standard on Subaru S209 - click to expand

Wacker launches two anti-misting silicone release coatings for high-speed coaters - click to expand

Denray Tire will join Michelin Retread Technologies - click to expand

Bridgestone plans to create Bridgestone Innovation Park in Kodaira, Japan - click to expand

Global nitrile butadiene rubber (NBR) latex market forecast with a CAGR of 15.4 percent - click to expand

Friday, December 6, 2019

Automotive tubeless tire market forecast at $196 billion by 2024 - click to expand

Book of the Day: USA Rubber & Tire Industry Patents 2015-2017 - click to expand

Star Thermoplastic Alloys & Rubbers elevates Steve Samluk and Dr. Krishna Venkataswamy to key executive roles - click to expand

Yokohama Tire's 712L long haul drive tire now meets severe snow service standard - click to expand

Trinseo elects Beach Lin and Tomkins to its board of directors - click to expand

Thursday, December 5, 2019

U.S. Silica announces price increase on industrial and specialty products - click to expand

Goodyear begins intelligent tire pilot program with European fleets - click to expand

IISRP to honor synthetic rubber industry leader Dr. Gary Marsh - click to expand

November forecast shows U.S. tire shipments expected to increase in 2019 - click to expand

Continental launches agriculture tire app for end customers and dealers - click to expand

Wednesday, December 4, 2019

USTMA urges nationwide action to grow and develop sustainable, circular scrap tire market - click to expand

Chemical deflasher market forecast with a CAGR of 4.2 percent through 2027 - click to expand

International Rubber Study Group issues call for papers for rubber-related economic research - click to expand

ARPM to serve as U.S. technical advisor to ISO TC 45/SC 1 - click to expand

Rubber Division, ACS announces 2020 training course schedule - click to expand

Tuesday, December 3, 2019

Cooper Tire and Sailun Vietnam celebrate first tire at joint venture plant - click to expand

Trelleborg finalizes acquisition of U.S.-based Tritec Seal - click to expand

Mitsubishi Chemical to acquire the TPU business of AdvanSource Biomaterials - click to expand

Evonik focuses on additives for plastics and rubber recycling - click to expand

Liquid silicone rubber market forecast with a CAGR of 9 percent through 2025 - click to expand

Apollo Tyres enters Saudi Arabia through cooperation with Al-Jomaih Tyres - click to expand

Monday, December 2, 2019

Birla Carbon and CHASM Advanced Materials enter joint development agreement to develop Nanotube Enhanced Carbons - click to expand

Michelin X Line Energy D+ tire now available to replacement market - click to expand

BASF officially launched its smart Verbund project in China - click to expand

Fort Wayne Rubber & Plastics Group announces Casino Night holiday party - click to expand

Market Reports

Global plasticizers market forecast at $16.7 billion by 2024 - click to expand

Specialty hose market forecast to reach $2.3 billion by 2025 - click to expand

Global nitrile butadiene rubber (NBR) latex market forecast with a CAGR of 15.4% - click to expand

Automotive tubeless tire market forecast at $196 billion by 2024 - click to expand

November forecast shows U.S. tire shipments expected to increase in 2019 - click to expand

Liquid silicone rubber market forecast with a CAGR of 9% through 2025 - click to expand

Chemical deflasher market forecast with a CAGR of 4.2% through 2027 - click to expand

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