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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 16, 2019

Global automotive tires market is expected to grow at a CAGR of 8.22% through 2024 - click to expand

Hundreds take buyout at Goodyear's Gadsden, AL plant - click to expand

Global emulsion polymers market size expected to reach $53.7 billion by 2025 - click to expand

Fraunhofer IAP and KETI strengthen cooperation on high-performance polymer materials - click to expand

Troester will exhibit at Tire Technology Expo 2020 in February - click to expand

New Goodyear blimp exhibit debuts at College Football Hall of Fame - click to expand

Friday, December 13, 2019

Global elastomer coated fabrics market forecast at $12 billion by 2024 - click to expand

Book of the Day: Rubber & Tire Technology, Volume 1 - click to expand

Wittmann Battenfeld delivers 40,000th molding machine manufactured at Austrian plant - click to expand

Cooper Tire's Tread Wisely program helps young drivers prepare for safe winter driving - click to expand

Greene Tweed participates in MidAtlantic Rubber and Plastics Group educational symposium at Lehigh University - click to expand

Thursday, December 12, 2019

Medical injection molding market size worth $1.83 billion by 2026 - click to expand

Midwest Composite Technologies acquires ICOMold - click to expand

Silicone Elastomers and TPE World Summits abstract deadline is January 10 - click to expand

Deadline for Rubber Division, ACS technical training and scholarship opportunities is March 1 - click to expand

Global silicone market size forecast with a CAGR of 7 percent through 2024 - click to expand

Wednesday, December 11, 2019

Kenneth L. Bloom appointed president of Hexpol Compounding Americas - click to expand

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

Toyo Tires to sell half its stock holdings in Bridgestone - click to expand

XG Sciences and Perpetuus partner to supply graphene to the North American tire markets - click to expand

Goodyear elects Hera Kitwan Siu to board of directors - click to expand

Tuesday, December 10, 2019

AirBoss welcomes David Camilleri to board of directors - click to expand

Toyo Tire launches the Nanoenergy M176 truck and bus tire - click to expand

GRI acquires Australian industrial tire specialist Axis Tyres - click to expand

ARPM releases annual wage and salary report - click to expand

Steelastic names James Vogel president - click to expand

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

Kenneth L. Bloom appointed president of Hexpol Compounding Americas - click to expand

Monday, December 9, 2019

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

Dunlop Sport Maxx tires are factory standard on Subaru S209 - 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

Market Reports

Global automotive tires market is expected to grow at a CAGR of 8.22% through 2024 - click to expand

Global Emulsion Polymers Market size is expected to reach $53.7 billion by 2025 - click to expand

Global elastomer coated fabrics market forecast at $12 billion by 2024 - click to expand

Global silicone market size forecast with at CAGR of 7% through 2024 - click to expand

Medical injection molding market size worth $1.83 billion by 2026 - click to expand

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

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