Global Liquid Silicone Rubber Market is Expected to Grow at a CAGR of Over 8% During the Period 2019-2025 - ResearchAndMarkets.com
The "Liquid Silicone Rubber Market - Global Outlook and Forecast 2020-2025" report has been added to ResearchAndMarkets.com's offering.
The automotive industry is expected to be a major end-user of LSR products. The concepts of micro molding and cleanroom molding and the dominance of liquid injection molding systems in the manufacturing industry are likely to emerge as the major contributing factors for market growth. The APAC region is expected to dominate the market during the forecast as the region is witnessing the growth in manufacturing industries. The increasing dominance of IoT and AI and virtual reality is changing the landscape of the electronics industry as the demand for LSRs in advanced consumer durables is increasing. Further, the use in automotive LEDs and spare parts is influencing market growth.
The introduction of new MICROLIM molding machines, which are suitable for cleanroom and medical applications, is expected to drive the market substantially. As liquid injection molding processes produce less waste with short cycle time, the market is expected to witness growth during the forecast period. The market for liquid injection molding systems (LIMS) tends to increase due to their efficiency in producing components with modern foaming and thermoset overmolding. The 2K' molding feature, which comprises multi-material, multi-color, and multi-durometer processing, is expected to be a vital growth factor for the utilization of LSR in the molding stage.
The following factors are likely to contribute to the growth of the liquid silicone rubber market during the forecast period:
- Increased LIMS Technology in Manufacturing
- Evolution in Micro Molding Process
- Growth of Lightings and Sensors in Automobiles
- Progress in 3D Printing
The study considers the present scenario of the liquid silicone rubber market and its market dynamics for the period 2019-2025. It covers a detailed overview of several market growth enablers, restraints, and trends. The report covers both the demand and supply sides of the market. It also profiles and examines leading companies and other prominent companies operating in the market.
Key Vendor Analysis
The number of industries getting benefited from LSR is numerous. This has led to the expansion of a few manufacturing giants such as Dow Chemicals, Shin-Etsu Chemical, KCC Corp., Wacker Chemicals, and Elkem. With technology and innovation playing a major role in the market position, vendors are adopting LSRs in line with modern requirements. The entry barriers of the industry are generally based on government policies and regulations. With the abundance of silicone, the manufacturing cost is set to be limited. The scope and benefits of LSR across industries can lead to the development of new local players across the regions, which might be a crucial factor in determining market sizing and revenue of major players. Vendors are also trying to expand their business through mergers and acquisitions. The agreement between South Korean companies and MPM Holdings Inc., for $3.1 billion, might help them penetrate their product lines and distribution channels.
Key Market Insights
- The report provides the following insights into the global liquid silicone rubber market for the forecast period 2020-2025.
- Offers sizing and growth prospects of the liquid silicone rubber market for the forecast period 2020-2025.
- Provides comprehensive insights on the latest industry trends, forecast, and growth drivers in the liquid silicone rubber market.
- Includes a detailed analysis of growth drivers, challenges, and investment opportunities.
- Delivers a complete overview of segments and the regional outlook of the market.
- Offers an exhaustive summary of the vendor landscape, competitive analysis, and key strategies to gain a competitive advantage in the liquid silicone rubber market.
Key Topics Covered:
1 Research Methodology
2 Research Objectives
3 Research Process
4 Scope & Coverage
4.1 Market Definition
4.2 Base Year
4.3 Scope of the study
4.4 Market Segments
5 Report Assumptions & Caveats
5.1 Key Caveats
5.2 Currency Conversion
5.3 Market Derivation
6 Market at a Glance
7 Introduction
7.1 Overview
8 Market Dynamics
8.1 Market Growth Enablers
8.2 Market Growth Restraints
8.3 Market Opportunities and Trends
9 Global LSR Market
9.1 Market Overview
9.2 Market Size & Forecast
9.3 Five Forces Analysis
10 By Grade
10.1 Market Snapshot & Growth Engine
10.2 Market Overview
10.3 Industrial grade
10.4 Medical grade
10.5 Food Grade
10.6 Other Grades
11 By End-User Applications
11.1 Market Snapshot & Growth Engine
11.2 Market overview
11.3 Automotive industries
11.4 Healthcare industry
11.5 Consumer and Babycare Industry
11.6 Electrical and electronics industry
11.7 Others
12 By Geography
12.1 Market Snapshot & Growth Engine
12.2 Overview
13 APAC
13.1 Market Overview
13.2 By Grade
13.3 By End User
13.4 Key Countries
14 North America
14.1 Market Overview
14.2 By Grade
14.3 By End-User
14.4 Key Countries
15 Europe
15.1 Market Overview
15.2 By Grade
15.3 By End-User
15.4 Key Countries
16 Latin America
16.1 Market Overview
16.2 By Grade
16.3 By End-User
16.4 Key Countries
17 Middle East & Africa
17.1 Market Overview
17.2 By Grade
17.3 By End-User
17.4 Key Countries
18 Competitive Landscape
18.1 Competition Overview
19 Key Company Profiles
19.1 Dow Chemical
19.2 Wacker
19.3 KCC
19.4 Shin-Etsu chemical
19.5 Elkem
20 Other Prominent Vendors
20.1 CHT
20.2 Mesgo
20.3 NuSil
20.4 Reiss manufacturing
20.5 Wynca
20.6 Dongguan New Orient Technology
20.7 Guangdong Polysil
20.8 Shenzen Square Silicone
20.9 Laur Silicone
20.10 Guangzhou Tinci Materials Technology
20.11 Jiangsu Tianchen
20.12 Nanjing Sisib silicones co., ltd
20.13 Mingcheng Group limited
20.14 Shenzhen Hong Ye Jie Technology Co., Ltd
20.15 Aspire Technology Co., Ltd
20.16 Shenzhen Lianhuan Silicone Rubber Co., Ltd
20.17 Polysil
20.18 Chemical brothers
20.19 Chemzest
21 Report Summary
21.1 Key Takeway
21.2 Strategic Recommendations
22 Quantitative Summary
22.1 By Grade
22.2 End-User Application
22.3 By geography
For more information about this report visit https://www.researchandmarkets.com/r/k7fvfw
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