Liquid Silicone Rubber Market Leading Players Analysis Report 2025

Global Liquid Silicone Rubber (LSR) Market strategic research study offers company accounts, industry investors, and industry members with consequential insights to enable them to make reliable strategic decisions regarding the opportunities in the global market.

 

In this report, we thoroughly examine and analyse the Global market for Liquid Silicone Rubber (LSR) so that market participants can improve their business strategy and ensure long-term success. This report provides players with useful information and suggests result-based ideas to give them a competitive advantage in the global Liquid Silicone Rubber (LSR) industry. It will show how other players compete in the global Liquid Silicone Rubber (LSR) Market and explain the strategies you use to differentiate yourself from other participants.

 

This Research Report Answers the Following Questions:

·         How Liquid Silicone Rubber (LSR) market will grow in the coming year?

·         Will the COVID-19 pandemic surge the demand for such platforms?

·         How are key companies planning to promote benefits of Liquid Silicone Rubber (LSR)?

·         What are the industry growth drivers, obstacles, and dynamics?

·         Which segment is expected to lead in the coming years?

 

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Industry Insights

The global Liquid Silicone Rubber (LSR) Market is anticipated to reach USD 3.29 billion by 2025, with a CAGR of 7.9% over the forecast period. The growing demand from automotive and medical sectors have emerged as the crucial drivers of the global market in the near future.

 

The liquid silicone rubber possesses superior properties for example ability to withstand very high temperatures, chemical inertness and electrical resistance. These features have enhanced its broad acceptance across automotive, electrical & electronics, medical and various other sectors. Increasing elderly population is driving the demand medical devices and implants in the medical sector.

 

The applications of LSR are growing in conventional rubber along with areas where conventional rubber had not been used. The LSR technology is experiencing a fast change. Some current applications comprise of LED headlights, medical implants & devices, kitchenware, fitness tracker, bake ware and wiper blades as well as manufacturing drug eluding devices.

 

Application Insights

The demand for the material is undergoing rapid growth in medical industry led by increasing demand for disposable devices and medical implants. Compatibility regarding long term implantable devices, technological advancements, bacteria and advent as a drug eluting product is expected to enhance the material demand in medical sectors. The key application areas consist of cardiology, ophthalmology, bariatric surgery, orthopedics, general surgery and others. The market participants operating in plastic injection molding have also grabbed prospects of the material with a view to cater the increasing requirements from medical sector.

 

The broader applications of LSR in membranes, LED headlights, valves, gaskets, windshield and other parts are expected to enhance the market demand for the product in automotive applications. The capability of the material to withstand extreme temperatures, cost effectiveness and durability is grabbing the attention of automotive firms, specifically in the manufacturing of gaskets.

 

Regional Insights

In terms of revenue generation, North America was the largest market accounting for a share of 37.38% of the global market. The region is the largest consumer of healthcare devices on account of presence of speedily ageing population. According to the U.S. Department of Health and Human Science, in the year 2014 approximately 14.50% of the total U.S. population was aged beyond 65 years and by the year 2060 it would upsurge by more than twice the current population.

 

Asia Pacific is expected to witness rapid growth with a CAGR of 8.6% over the forecast period. APAC is experiencing increased demand for LSR for applications in medical such as medical tapes, APIs, prefilled syringes, prosthetics and others. Numerous favorable factors such as rapid economic growth and government policies coupled with rising demand in the end-use applications are attracting investments from foreign companies in the region over the forecast period.                                                  

 

Competitive Insights

The LSR market is highly fragmented in nature. The key players are constantly engaged in mergers & acquisitions in order to strengthen their market presence and achieve a competitive edge. In the year 2016, Dana Holding Corp. announced the acquisition of Magnum Gaskets, U.S. based manufacturer of gaskets for automobile industries. The acquisition has helped Dana Holding Corp. to widen its customer base in the U.S., specifically in the automobile industry.

 

The major participants in the market consists of KCC Corp., Stockwell Elastomerics Inc., Shin-Etsu Chemical Co. Ltd., Dow Corning, Laur Silicone, Zhejiang Xinan Chemical Industrial Group Co. Ltd., Wacker Chemie AG, Momentive performance Materials Inc., and Nusil Technology LLC. The market players are collaborating and entering into partnerships with suppliers of silicone to obtain the modern material technology.

 

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