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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.

Wednesday, July 8, 2020

Vietnam reports plunging rubber exports - click to expand

Global fluoroelastomer market forecast at $1.8 billion by 2025 - click to expand

Bridgestone named GM Supplier of the Year for fifth consecutive year - click to expand

GRI unveils rubber collection center and GREENX Circle - click to expand

Cooper Standard finalizes divestiture of certain operations in Europe and India - click to expand

Freudenberg Expands Engineering Services - click to expand

Tuesday, July 7, 2020

Bridgestone donates emergency response trailer to Wilson County, Tennessee - click to expand

Lianda launches new website in preparation for 25th anniversary - click to expand

Conductive Silicone Rubber Market is estimated to reach $8.68 Billion by 2026 - click to expand

Safic-Alcan opens South African subsidiary - click to expand

Halcyon Agri receives $25 million sustainability-linked loan from Deustsche Bank for rubber plantations - click to expand

Arlanxeo goes virtual for its first global Technical Marathon - click to expand

Monday, July 6, 2020

Cooper Standard’s Fortrex technology enables PolyOne launch of next-generation elastomer - click to expand

Cooper Tire adds winter drive tire RM258 for regional haulers - click to expand

Bridgestone wins trademark dispute against Brazilian retread company New Tyre - click to expand

Cabot Corporation publishes 2019 Sustainability Report - click to expand

Pirelli introduces tire with temperature adapting compound - click to expand

Friday, July 3, 2020

Trinseo announces 2030 sustainability goals - click to expand

Michelin hires eight youth apprentices for full-time positions at Starr, SC, facility - click to expand

Book of the Day - Resistance and Stability of Polymers - click to expand

Lanxess to hold virtual annual stockholders' meeting August 27 - click to expand

Dow launches MobilityScience platform - click to expand

Thursday, July 2, 2020

Repligen to acquire Engineered Molding Technology - click to expand

Siempelkamp announces departure of CEO Christoph Michel - click to expand

Global silicone coating market forecast with a CAGR of 7 percent - click to expand

Bosch Rexroth hosts free virtual Explore the Factory of the Future event - click to expand

Trinseo strengthens CASE team with two new hires - click to expand

PolyOne launches OnColor WC Choice for wire and cable applications - click to expand

Royal DSM appoints Zhou Tao as DSM China president - click to expand

Wednesday, July 1, 2020

Hankook Tire named GM Supplier of the Year by General Motors - click to expand

Global thermoplastic elastomer market forecast with a CAGR of 5.6 percent through 2025 - click to expand

Nokian Tyres invites drivers to enter their favorite road trips - click to expand

Total Cray Valley introduces aliphatic resin - click to expand

Bridgestone teams with Microsoft on intelligent tire monitoring system - click to expand

Rubber Division and Endurica partner on rubber industry training opportunities - click to expand

Market Reports

Global fluoroelastomer market forecast at $1.8 billion by 2025 - click to expand

Global automotive flooring markets forecast at $1.32 billion by 2027 - click to expand

Global OTR tire market forecast to reach $8.14 billion by 2026 - click to expand

Conductive Silicone Rubber Market is estimated to reach $8.68 Billion by 2026 - click to expand

Global silicone coating market forecast with a CAGR new 7 percent - click to expand

Global thermoplastic elastomer market forecast with a CAGR of 5.6 percent through 2025 - click to expand

Global OTR tire market anticipated to reach $26.4 billion by 2027 - click to expand

Global pressure sensitive adhesives market forecast to reach $12.8 billion by 2025 - click to expand

Outlook for the rubber economy in the face of Covid-19 - click to expand

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