The latest report published by Reports and Data is a work of meticulous research on the global Liquid Silicone Rubber industry. It delves into the core structure of the industry to highlight its key segments and various micro-economic and macro-economic factors that influence industry growth. The report elucidates the key market dynamics such as market size, market share, market growth drivers, restraints, threats, and opportunities using advanced analytical methods including SWOT analysis and Porter’s Five Forces analysis. It further offers market revenue growth in terms of gross profits, regional market revenues, industry revenue growth rate, sales statistics, manufacturing costs, production & consumption, supply & demand, and key market players’ financial standing.
The Liquid Silicone Rubber market report offers latest updates on the COVID-19 situation of the market, as well as the profound changes that followed the outbreak. In the COVID-19 Impact Analysis section of the report, major focus has been laid on the severe effects of the pandemic on the industry’s functioning. Moreover, market experts at Reports and Data offer research-backed insights into the Liquid Silicone Rubber industry and identify the key barriers to industry growth. The aim of this report is to enable businesses to optimize their growth strategies and capitalize on the emerging opportunities.
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Further key findings from the report suggest
- The Liquid silicone rubber market held a market share of USD 2.42 Billion in the year 2020 that is forecasted to grow at a rate of 7.3% during the forecast period.
- Continuous emphasis on R&D and technological advancements by key players of the market like Dow Corning along with the introduction of new products would enhance industry opportunities of LSR market during the forecast period, which would positively impact its market growth.
- In context to Grade, the Industrial segment can be seen to lead that generated the highest revenue of USD 0.91 Billion in the year 2020 with a considerable growth rate of 7.6% during the forecast period. Factors like the increased application of LSR in the automotive sector for manufacturing of various parts of the automobile, along with its use in different other industrials purposes, have contributed to the revenue generated by this segment.
- In regards to Curing system, Injection molding segment is dominating the market that generated the highest revenue of USD 1.02 Billion in 2020 with the growth rate of 7.6% during the forecast period. The fact that there has been an increased demand of LSR in the industrial segment and this type of curing system is useful in producing durable parts, in large volume as per the need of various industries, have contributed to the revenue generated by this segment.
- In context to Application areas, the Sealing, coatings, and gaskets segment is dominating the market occupying 20% of the market in 2020 that is forecasted to hold 21% of the market by 2028. The market share occupied by the Sealing, coatings, and gaskets segment is the result of expansion in the automotive industry, and feature of LSR like durability, and corrosion resistance that makes it apt for application in this segment.
- In regards to End-Use Industry, the Automotive industry segment is forecasted to generate the highest revenue of USD 1.49 Billion by 2028 with a CAGR of 7.6% during the forecast period. Features like the light weight of LSR, temperature resistance, water repellency, and high tear strength has resulted in increased application of LSR in this segment, contributing to the revenue yielded by it.
- In regards to the region, Asia Pacific is forecasted to generate USD 0.36 Billion in 2020 with the highest growth rate of 8.8% during the forecast period. Factors like development in the manufacturing sector, the easy availability of labor, developments in the healthcare and automotive industry have contributed to the revenue generated by this region.
- Key participants include The Dow Chemical Company, Wacker Chemie, Shin-Etsu Chemical, Nusil Technology LLC, KCC Corporation, Zhejiang Xinan Chemical Industrial Group Co., Simtec Silicone Parts, Momentive Performance Materials Inc., Simtec Silicone Parts, Stockwell Elastomerics Inc., Laur Silicone.
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For the purpose of this report, Reports and Data have segmented the global Liquid silicone rubber market according to Grade, Curing system, Application areas, End-Use Industry, and Region:
Grade Outlook (Volume, Kilo Tons; Revenue, USD Billion; 2020-2028)
Curing system type Outlook (Volume, Kilo Tons; Revenue, USD Billion; 2020-2028)
- Injection molding
- Peroxide cure system
- Platinum-based cure system
- Condensation cure system
Application areas Type Outlook (Volume, Kilo Tons; Revenue, USD Billion; 2020-2028)
- Medical implants
- Medical devices
- Sealing, coatings, and gaskets
- Windshield wipers sensors
- Electrical Insulation
- LED Light Components and panel buttons
- Water Contact Products
- Home Appliance Components
- Infant Care Products
End-Use Industry Type Outlook (Volume, Kilo Tons; Revenue, USD Billion; 2020-2028)
- Healthcare sector
- Automotive industry
- Electronics industry
- Consumer Goods
Regional Outlook (Volume, Kilo Tons; Revenue, USD Billion; 2020-2028)
- North America
- Asia Pacific
- Latin America
Reasons to purchase this report:
- The industry analysis report offers actionable insights into the global Liquid Silicone Rubber industry and discusses the major growth propellers, limitations, opportunities, and challenges existing in the market.
- The report closely investigates the present and historical market scenarios to help readers predict the market situation over the next seven years.
- The report systematically profiles the leading companies operating in the Liquid Silicone Rubber market, and, at the same time, highlights their long-term business expansion strategies.
- In-depth scrutiny of the Liquid Silicone Rubber business landscape with accurate market projections for the forecast period.
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