The latest market report published by Credence Research, Inc. “Global Liquid Silicone Rubber Market: Growth, Future Prospects, and Competitive Analysis, 2016 – 2028”. The global liquid silicone rubber market generated revenue of around USD 1.1 billion in 2021 and is anticipated to grow a CAGR of over 7.50% during the forecast period from 2022 to 2028 to reach around USD 1.70 billion in 2028.
Several factors contribute to the growth of the liquid silicone rubber market, which as its availability of one- or two-part polymers and the inclusion of fillers to enhance properties and reduce costs. Also, silicone rubber has many other advantages, including its stability, non-reactivity, and resistance to extreme environments and temperatures. The material can be found in various products, such as food storage products, textiles, footwear, electronics, and medical devices. All these factors mentioned above fuel the market growth.
The global liquid silicone rubber market is bifurcated into Grade, Curing System, End-Use Industry and Geography. Based on grade, the market is categorized into food grade, industrial grade, and medical grade systems. On the basis of curing systems, the global market is segmented into injection molding, peroxide cure systems, platinum-based cure systems, and condensation cure systems. Based on the end-use industry, the market is categorized into automotive, healthcare, electrical and electronics, cosmetic and personal care, consumer goods, and others. Based on geography, the market is segmented as North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa.
Browse Global Liquid Silicone Rubber Market report-https://www.credenceresearch.com/report/liquid-silicone-rubber-market
In 2021, Asia Pacific dominated the global liquid silicone rubber market and accounted for a major market revenue share in terms of value. The presence of global manufacturing giants in the region and increased public health expenditures in countries such as India, Bangladesh and South Asia are driving the regions growth. Moreover, the increase in insurance coverage in the area encourages the development of tertiary healthcare facilities. In turn, this will increase the production of medical devices.
Why to Buy This Report-
- The report provides a qualitative and quantitative analysis of the global liquid silicone rubber market by segments, current trends, drivers, restraints, opportunities, challenges, and market dynamics with the historical period from 2016-2020, base year- 2021, and forecast period 2022-2028.
- The report contains information related to the competitive landscape, like how the key players in the market are operating at a global, regional, and country level
- In-depth analysis of the global liquid silicon rubber market segmentation based on grade, curing system, and end-user industry.
- The global liquid silicone rubber market report also includes analyzing the global, regional, and country level, along with key market trends, significant players analysis, market growth strategies, and key application areas.
The Global Liquid Silicone Rubber Market is Segmented into:
|Forecast Period||2022 – 2028|
|Historical Year||2016 – 2021|
|By Source (2016–2028; US$ Bn)|
|By Curing System (2016–2028; US$ Bn)|
|By End Use Industry (2016–2028; US$ Bn)|
|By Palletizing Process (2016–2028; US$ Bn)|
|By Geography Segment (2016–2028; US$ Bn)|