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Liquid Silicone Rubber Market to accrue lucrative gains over the forecast timeframe

Author : Rahul Varpe | Published Date : 2019-07-08 

Global Liquid Silicone Rubber Market research report is added by Global market insights, inc by covering all major market aspects. The report also touches the key scenarios like top players, competition, types, applications, regions, recent developments and future market predictions.

Asia Pacific led by China, India, Japan and South Korea liquid silicone rubber market size may witness strong gains. Multinational companies are establishing their distribution network, manufacturing plants and R&D centers in this region owing to cheap labor and availability of raw materials which may favor regional industry growth. China has the largest electronics market and is also a major exporter of such products due to impeccable technology innovations along with cheap production cost which may boost product demand in this region.

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Liquid Silicone Rubber Market size is may experience significant gains owing to increasing application in healthcare and automotive industry. Aging population and growing health concerns will drive global industry growth.

Liquid silicone rubber is highly pure platinum cured silicone rubber. Key properties of LSR are biocompatibility, chemical & bacteria resistance, superior dielectric strength, high elongation and high tensile strength which has varied application in many industries and will propel product demand.

Liquid silicone rubber is extensively used in surgical tools and equipment including oxygen mask instruments, tracheal tube, rings, stoppers, closures, catheters, liquid feeding bottles, cushioning pads syringe stoppers, saccules and dialysis filters owing to its properties like biocompatibility, temperature resistant and potential for reduced risk of contamination. The U.S. is largest medical devices market and sized over USD 150 billion as of 2015 and expected to grow substantially over time driving liquid silicone rubber market.

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North America led by the U.S and Canada is the largest liquid silicone rubber market owing to positive indicator in healthcare industry and growing demand for disposable medical devices, implants and equipment propelling regional industry growth. As of 2015, 15% of total population in the U.S. is aged above 65 and needs medical attention hence would impact positively on LSR market size.

Global liquid silicone rubber market is slightly consolidated. Key industry participants operating in this market are Momentive Performance Materials, KCC Corporation, Zhejiang Xinan Chemical Industrial Group, Wacker Chemie AG, Dow Corning, Bluestar Silicones, Shin-Etsu Chemical Co. and Simtec Silicone Parts.

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Major companies are focusing on collaborations & partnerships along with strategic alliance which may expand regional presence. Moreover, these companies are entering into partnerships with silicone suppliers to get latest material technology.

About Author

Rahul Varpe

Rahul Varpe

Rahul Varpe currently writes for fractovia. A communication Engineering graduate by education, Rahul started his journey in as a freelancer writer along with regular jobs. Rahul has a prior experience in writing as well as marketing of services and products online. Apart from being an avid reader, his other hobbies include music and sketching. He can be contacted at- [email protected] | https://twitter.com/varperahul

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