According to a market report by Lucintel, the future of the liquid silicone rubber market looks promising with opportunities in the electrical & electronics, consumer goods, automotive, and medical industries. The liquid silicone rubber market is expected to grow with a CAGR of 8% from 2019 to 2024. The major growth drivers for this market are increasing demand for LSR-based products in the healthcare industry and increase in demand for LSR in the electrical & electronics industry.
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In this market, industrial grade, medical grade, and food grade are the major grade type segments. Industrial grade is the largest grade type.
Within the liquid silicone rubber market, electrical & electronics, consumer goods, automotive, and medical are the major end use industries. Medical is the largest segment for liquid silicone rubber industrial grade.
North America will remain the largest market over the forecast period due to increasing demand for LSRs in various applications, including automotive, medical, electrical & electronics, and consumer goods.
Dow Corning, Momentive Performance Materials Inc., Wacker, NuSil Technology LLC, Simtec, Shin-Etsu Chemical Co. Ltd, KCC Corporation, Zhejiang Xinan Chemical Industrial Group, and Stockwell Elastomerics Inc. are among the major manufacturers of liquid silicone rubber.
Lucintel, a leading global strategic consulting and market research firm, has analyzed growth opportunities in the lobal liquid silicone rubber market by End Use Industry, grade, and region. Lucintel has prepared a comprehensive research report entitled "Liquid Silicone Rubber Market 2019-2024: Trends, Forecast, and Opportunity Analysis". This Lucintel report serves as a catalyst for growth strategies, as it provides comprehensive data and analysis on trends, key drivers, and directions. The study includes trends and forecast for the liquid silicone rubber market by grade, end use industry, and region as follows:
By Grade [$M shipment analysis for 2013 – 2024]:
Industrial Grade
Medical Grade
Food Grade
By End Use Industry [$M shipment analysis for 2013 – 2024]:
Electrical & Electronics
Consumer Goods
Automotive
Others
By Region [$M shipment analysis for 2013 – 2024]:
North America
Europe
Asia Pacific
Middle East & Africa
South America
This 150-page research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or click on this link https://www.lucintel.com/liquid-silicone-rubber-market.aspx or helpdesk@lucintel.com.
About Lucintel
Lucintel, the premier global Management Consulting and market research firm, creates winning strategies for growth. It offers market assessments, competitive analysis, opportunity analysis, Growth Consulting, M&A, and Due diligence services to executives and key decision-makers in a variety of industries. For further information, visit www.lucintel.com.