Liquid Silicone Rubber Market by Grade (Industrial, Medical, Food) by Application (Automotive, Medical, Electrical & Electronics, Consumer Goods), by Region (Americas, Asia Pacific, Europe, and Middle East & Africa) – Global Forecast (2020 to 2027)

Liquid Silicone Rubber Market - Global Industry Analysis and Forecast 2020 to 2027

Liquid Silicone Rubber Market: Summary

The Global Liquid Silicone Rubber Market is projected to reach a value of USD 4,097.35 million by 2027 at a CAGR of 8.2%.

Liquid silicone rubber is a high-purity, two-component platinum-cured silicone with superior stability and the ability to withstand at extremely high as well as cold temperature. It is versatile in the elastomers industry and is seen across the whole spectrum of the parts from consumer products to the medical devices and everything in between. Increasing demand from electrical & electronics and the healthcare industry are the key driving factors towards the market growth during the forecast period. However, stringent regulatory policies is acting as a major restraint of the market growth up to a certain extent.

Liquid Silicone Rubber Market

Liquid Silicone Rubber Market: Market Dynamics

Market Driver:

  • Increasing Demand from Healthcare Industry
    • Liquid silicone rubber is used for the production of implants and medical devices due to its durability, ease of molding by many methods, wide useful temperature range, chemical inertness, high tensile strength, the vast range of available durometers, biocompatibility, and compatibility with many sterilization methods
    • Medical grade materials are prepared under rigorous testing and regulations to assure superior quality and adherence to safety standards
    • On 1st June 2019, Allergan (Ireland) launched a dedicated multi-channel campaign to contact patients who may not be aware of July 24, 2019, recall of BIOCELL textured breast implants and tissue expanders.
    • Increasing aging population across the globe along with increasing awareness about health concerns, which is driving the medical  application of liquid silicon rubber market
    • According to the World health organization, the world’s population of aged 60 years and older is expected to total 2 billion by 2050
    • Thus the rising use of liquid silicon rubber application in the healthcare industry along with the rising aging population is expected to drove the growth of the market globally
  • Increasing Demand from the Electrical and Electronics Industry

Market Restraint:

  • Stringent Regulatory Policies
    • There are some regulations norms set by the various government bodies that silicon rubber manufacturers have must follow
    • A few regulations that many companies now have to comply with are Restriction of Use of Hazardous Substances (RoHS), the Dodd-Frank Act, and the US government’s International Traffic in Arms Regulations (ITAR) for use of certain hazardous substances in electrical and electronic equipment
    • For example,
      • Food contact applications (e.g. BfR, FDA)
      • Drinking water approval (e.g. KTW, WRAS, ACS)
      • Pharmaceutical and medical applications (e.g. European Pharmacopeia and U.S. Pharmacopeia USP)
      • National and international regulations and provisions (e. g. EU directive 2002/95/EC – RoHS, REACH)
    • Thus the stringent regulatory policies regarding the manufacturing and use of the liquid silicon rubber are hampering the market growth up to a certain extent

Liquid Silicone Rubber Market: Key Segments

The Liquid Silicone Rubber market is majorly segmented into grade and application. 

  • On the basis of grade, the market is segmented into the industrial-grade, medical-grade, and food grade. The medical-grade liquid silicone rubber segment is expected to grow at the highest CAGR during the forecast period.
  • On the basis of application, the market is bifurcated into automotive, medical, electrical and electronics, consumer goods, and others.

Liquid Silicone Rubber Market: Key Regions

Liquid Silicone Rubber

On the basis of region, the market is divided into Americas, Europe, Asia Pacific, and Middle East & Africa. North America accounted for the major market share owing to the well developed healthcare industry ahe along with increasing demand for disposablemedical devices, equipment, and implants. However, Asia Pacific is projected grow at the fastest growth rate aimed to rapidly growing demand from healthcare industry, relatively cheap manufacturing cost, and high economic growth rate these factors are boosting the liquid silicone market in the Asia-Pacific region

Liquid Silicone Rubber Market: Report Scope

The report on the Liquid Silicone Rubber  market covers a deep dive analysis of historic, recent and current market trends. Furthermore, market share/ranking analysis of key players, market dynamics, competition landscape, country-wise analysis for each region covered and the entire supply chain dynamics are covered through the below segmentation.

Report Features

Specifics

Historical/Estimated/Forecasted Market Size Years

2019-2027

Historical Year

2018

Base Year

2019

Forecasted Period

2020-2027 (2020 estimated year, forecast up to 2027)

Measured Units

Value (USD Million) and Volume (Tons)

Segments Included

Type, Age and Distribution Channel

Regional Coverage

Americas, Asia-Pacific, Europe, and Middle East & Africa

Key Companies Covered

  • Avantor, Inc. (Company Overview, Financial Overview, Product Synopsis, Key Developments, SWOT Analysis, & Key Strategy)
  • Dow
  • Elkem Silicones
  • KCC Corporation
  • Laur Silicone
  • Momentive
  • Shin-Etsu Chemical Co., Ltd.
  • Simtec Silicone Parts, LLC
  • STOCKWELL ELASTOMERICS, INC.  
  • Wacker Chemie AG
  • Other Key Companies

Liquid Silicone Rubber Market: Report Segmentation

For the scope of the report, In-depth segmentation is offered by Forencis Research

Liquid Silicone Rubber Market, by Grade

  • Industrial Grade
  • Medical Grade
  • Food Grade

Liquid Silicone Rubber Market, by Application

  • Automotive
  • Medical
    • Implant
    • Medical Device
    • Medical Equipment Parts
  • Electrical and Electronics
    • Electrical Insulation
    • Electrical & Optical Components
  • Consumer Goods
    • Home Appliances Components
    • Food contact Product
    • Water Contact Product
    • Infra Care Product
  • Others

Liquid Silicone Rubber Market, by Region

  • Americas
    • North America
      • US
      • Canada
    • Latin America
  • Europe
    • Germany
    • UK
    • France
    • Italy
    • Rest of Europe
  • Asia-Pacific
    • China
    • India
    • Japan
    • South Korea
    • Rest of Asia-Pacific
  • Middle East & Africa
    • Saudi Arabia
    • UAE
    • Rest of Middle East & Africa

Key Questions Answered By The Report

  • What are the prominent developments affecting the market worldwide and its growth?
  • What will be the impact of the developments in the market on the industry and on the market players in the future?
  • What are the evolving variations of the market globally?
  • What are the evolving functions of the market globally?
  • What are the prominent aspects that will affect market growth globally during the study period?
  • Who are the key players operating in the market across the globe?
  • How are the key players leveraging in the present market scenario worldwide?

Report Audience

  • Liquid Silicone Rubber Market Providers
  • Liquid Silicone Rubber Market Solution and Services Suppliers, Distributors and Dealers
  • End-Users of Liquid Silicone Rubber  Market
  • Government Bodies and Intellectual Institutions
  • Associations and Industrial Organizations
  • Research & Consulting Service Providers
  • Research & Development Organizations
  • Investment Banks & Private Equity Firms

60+ MARKET TABLES AND 30+ FIGURES WILL BE INCLUDED IN THE LIQUID SILICONE RUBBER  MARKET STUDY

  1. INTRODUCTION
    1. Research Objectives
    2. Market Definition
    3. Research Scope
    4. Regional Coverage
    5. Research Timeline
    6. Assumptions
    7. Limitations
  2. RESEARCH DESIGN & SCOPE
    1. Introduction
    2. Primary Research
      1. Key Industry Expert Insight
    3. Secondary Research
      1. Vital Data from Secondary Sources
    4. Market Size Estimation
    5. Data Validation & Triangulation
  3. EXECUTIVE SUMMARY
  4. MARKET DYNAMICS
    1. Introduction
    2. Drivers
      1. Increasing Demand from Electrical and Electronics Industry
      2. Increasing Demand from Healthcare Industry
    3. Restraint
      1. Stringent Regulatory Policies
    4. Opportunities
      1. High Demand for Transplant Liquid Silicone Rubber in Optical Application
  5. Market Factor Analysis
    1. Porters Five Forces Analysis
      1. Power of Buyers
      2. Power of Suppliers
      3. Intensity of Competition
      4. Challenges of Substitutes
      5. Challenges of New Entrants
    2. Macro-Economic Indicators
    3. Value Chain Analysis
      1. R&D and Designing
      2. Manufacturing
      3. Distribution & Sales
      4. Post-Sales Services
    4. COVID-19 Impact Analysis
      1. Impact on Production
      2. Impact on Market Growth
      3. Impact on Regions
  6. GLOBAL LIQUID SILICONE RUBBER MARKET BY GRADE, MARKET SIZE IN USD MILLION AND VOLUME IN TON (2018-2027)
    1. Introduction
    2. Industrial Grade
    3. Medical Grade
    4. Food Grade
  7. GLOBAL LIQUID SILICONE RUBBER MARKET BY APPLICATION, MARKET SIZE IN USD MILLION AND VOLUME IN TON (2018-2027)
    1. Introduction
    2. Automotive
    3. Medical
      1. Implant
      2. Medical Device
      3. Medical Equipment Parts
    4. Electrical and Electronics
      1. Electrical Insulation
      2. Electrical & Optical Components
    5. Consumer Goods
      1. Home Appliances Components
      2. Food contact Product
      3. Water Contact Product
      4. Infra Care Product
    6. Others
  8. GLOBAL LIQUID SILICONE RUBBER MARKET BY REGION, MARKET SIZE IN USD MILLION AND VOLUME IN TON (2018-2027)
    1. Americas
      1. North America
        1. US
        2. Canada
      2. Latin America
    2. Europe
      1. Germany
      2. France
      3. Italy
      4. UK
      5. Spain
      6. Rest of Europe
    3. Asia-Pacific
      1. China
      2. India
      3. Japan
      4. Australia
      5. South Korea
      6. Rest of Asia-Pacific
    4. Middle East and Africa
      1. Saudi Arabia
      2. UAE
      3. Rest of Middle East and Africa
  9. COMPETITIVE LANDSCAPE
    1. Introduction
    2. Market Ranking/Share Analysis of Key Companies
    3. Company Benchmarking
    4. Key Developments
  10. COMPANY PROFILES
    1. Avantor, Inc.
      1. Company Overview
      2. Financial Overview
      3. Products/Solutions/Services Offered
      4. Key Developments
      5. SWOT Analysis
      6. Key Strategy
    2. Dow
    3. Elkem Silicones
    4. KCC Corporation
    5. Laur Silicone
    6. Momentive
    7. Shin-Etsu Chemical Co., Ltd.
    8. Simtec Silicone Parts, LLC
    9. STOCKWELL ELASTOMERICS, INC.  
    10. Wacker Chemie AG
    11. Other Key Companies
  11. APPENDIX
    1. Key Industry Expert Insights
    2. Primary Discussion Guide
    3. Customization Options

Note1: Tentative table of contents, may get updated during the course of research.

Note2: Company financial information is subject to availability in public domain

60+ MARKET TABLES AND 30+ FIGURES WILL BE INCLUDED IN THE STUDY

Rep Id : CM 0169

Published : September, 2020


Related Reports






LET’S GET STARTED

Ready To Make a Real Change?