The liquid silicone rubber market is projected to grow at a rate of 7.1% in terms of value, from USD 2.42 Billion in 2020 to reach USD 4.19 Billion by 2028.  The global liquid silicone rubber [LSR] market is witnessing continuous growth and expansion in recent years. The growth of the market has been primarily driven by the development of different industries, like the automotive and healthcare industry during the forecast period. The rise in the application of liquid silicone rubber in these various industries has a positive impact on the manufacturers’ profitability and molding machines.

Major reasons for increased use of liquid silicone rubber in various sectors are the presence of properties, comprising high dielectric strength, tensile strength, durability, and high elongation that makes 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 resulted in making silicone rubber an essential component in the production of automobiles and replacing metals. Manufacturers like Wacker Chemie, are emphasizing on liquid silicone rubber injection molding for painting, DIY and art project.

Top Players in the Global Liquid Silicone Rubber Market:

Wacker Chemie, The Dow Chemical Company, Shin-Etsu Chemical, Nusil Technology LLC, Zhejiang Xinan Chemical Industrial Group Co., KCC Corporation, Simtec Silicone Parts, Momentive Performance Materials Inc., Simtec Silicone Parts, Stockwell Elastomerics Inc., Laur Silicone.

In recent years, the healthcare sector is experiencing growth like never before. The growth of the healthcare sector is proportionally impacting the market. There has been a drastic 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. It is because of features of liquid silicone rubber like bacteria chemical resistance, biocompatibility, non-allergenic to the skin, and softness that makes it an ideal choice for medical implants. The mentioned traits of liquid silicone rubber helps in ascertaining the safety and comfort of the service users, which positively impacts the market's growth.

Market segmentation based on Grade Outlook:

• Industrial
• Food
• Medical

Curing system Outlook:

• Injection molding
• Peroxide cure system
• Platinum-based cure system
• Condensation cure system

Application Areas Outlook:

• Medical implants
• Medical devices
• Sealing, coatings, and gaskets
• Windshield wipers sensors
• Dampers
• Electrical Insulation
• LED Light Components and panel buttons
• Water Contact Products
• Home Appliance Components
• Infant Care Products
• Others

End-Use Industry Outlook:

• Healthcare sector
• Automotive industry
• Electronics industry
• Consumer Goods
• Others

Key Regional Markets Covered in the Report:

• North America (U.S.A., Canada, Mexico)
• Europe (Italy, U.K., Germany, France, Rest of Europe)
• Asia Pacific (India, China, Japan, South Korea, Australia, Rest of Asia Pacific)
• Latin America (Chile, Brazil, Argentina, Peru, Rest of Latin America)
• Middle East Africa (Saudi Arabia, U.A.E., South Africa, Rest of Middle East Africa)

Frequently Asked Questions Answered in the Report:

• What is the estimated revenue growth rate of the global Liquid Silicone Rubber market over the forecast period?
• What are the major factors driving the global market revenue growth?
• Which are the leading manufacturers and suppliers in the global Liquid Silicone Rubber market?
• Which regional market is expected to lead in terms of revenue share in the global Liquid Silicone Rubber market over the forecast years?
• What are the key outcomes of SWOT analysis and Porter’s Five Forces analysis of the market?

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