Liquid Silicone Rubber Market Will Reach A Valuation Of $7.88 Billion By 2026

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Liquid Silicone Rubber Market by Grade Type (Food Grade, Industrial Grade, Medical Grade), Technology (Liquid Injection Molding System, Other Molding Processes) and Region – Forecast 2022-2026

DUBAI, UAE, Feb. 09, 2022 (GLOBE NEWSWIRE) — The global Liquid Silicone Rubber Market is estimated to exceed the rating of $6.59 billion by 2022. The increasing application of liquid silicone rubber in industries such as construction, automotive, healthcare, and consumer goods, among others, is expected to favor the growth of the market.

The study forecasts moderate growth for the expansion of the global Liquid Silicone Rubber Market over the period 2022-2026. It has been estimated that the global Liquid Silicone Rubber Market will register a CAGR of 4.6% over the forecast period. High carbon footprint in the large-scale production of liquid silicone rubber, limitations in the reuse and recyclability of such elastomers, and disposal issues will discourage the use of liquid silicone rubber in the near future.

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Estimated size of the liquid silicone rubber market in 2022

U.S$ 6.59 billion

Predicted size of the liquid silicone rubber market in 2026

U.S$ 7.88 billion

Liquid Silicone Rubber Market Historical CAGR (2012-2021)

4.2%

Liquid Silicone Rubber Market Value Based CAGR (2022-2026)

4.6%

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With the increasing spread of injection molding in the manufacturing sector, injection materials such as liquid silicone rubber are seeing a sharp increase in demand. The versatile properties and unique properties of liquid silicone rubber increase its value in the elastomer industry, where a wide range of consumer, medical device and industrial products are manufactured by injecting liquid silicone rubber into mold cavities. Future Market Insights estimates that the global liquid silicone rubber market will be valued at $7.9 billion by the end of 2026.

Industrial-grade liquid silicone rubber is projected to achieve a 45% global market share by 2026

The malleability of liquid silicone rubbers will drive their use in several industrial applications. It has been observed that industrial grade liquid silicone rubber will show robust demand growth in the coming years. By 2026, industrial-grade elastomer sales will account for almost half of the global market value of liquid silicone rubber. The report also anticipates that the liquid injection molding technology will be demanded in the global liquid silicone rubber market. In 2022, more than $3.2 billion worth of liquid silicone rubber will be used in liquid injection molding systems around the world.

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scope of the report

attribute

details

forecast
Period

2022-2026

Historical data
Available for

2012-2021

market
analysis

billion USD for value

key regions
Covered

North America, Latin America, Europe, Asia Pacific ex Japan, Japan, and Middle East and Africa.

key countries
Covered

USA, Canada, Brazil, Mexico, Germany, UK, France, Italy, Spain, Scandinavia, Russia, Poland, China, India, Thailand, Indonesia, Australia & New Zealand, Japan, GCC countries, North Africa, South Africa, others .

key market
segments
Covered

Variety Type, Technology, End-Use Industry, and Region

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companies
Profiled

• Dow Corning Corporation

• Momentive Performance Materials, Inc.

• Evonik Industries AG

• Bluestar Silicones International

• SiVance, LLC

• NuSil Technology LLC

• Simtec Silicone Parts, LLC

• Wacker Chemie AG

• Stockwell Elastomerics Inc.

• Xinapse Systems Ltd.

Lucrative end-use industries for liquid silicone rubber

The study has identified key industries that will drive liquid silicone rubber end-uses in the near future. The consumer goods industry will reflect the highest profitability in the end-use of liquid silicone rubber to manufacture fast-selling products such as buttons and rubber gaskets. By the end of 2026, $1.76 billion worth of liquid silicone rubber will be used to manufacture consumer products worldwide. In addition, the healthcare landscape will also feature a rapidly growing end-use of liquid silicone rubber over the forecast period.

Liquid silicone rubber manufacturers are finding lucrative profit margins selling these elastomers in the manufacture of expensive medical devices such as pulmonary catheters. The report also considers the automotive industry as a lucrative end user of liquid silicone rubber. During the forecast period, the end-use of liquid silicone rubber in the automotive industry will have the highest CAGR of 5.4% in the global market.

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China National Chemical Corporation, Shin-Etsu Chemical Co., Ltd., KCC Corporation, Toshiba Medical Systems Corporation and Zhejiang Xinan Chemical Industrial Group Co., Ltd. are among the leading liquid silicone rubber manufacturers based in Japan, China and Korea and other parts of the Asia-Pacific region. The report estimates that the Asia Pacific ex Japan (APEJ) region will represent the largest marketplace for liquid silicone rubber in 2018 and beyond, reflecting a 35% weighted share of the global market value. Other major players in the Global Liquid Silicone Rubber Market namely Dow Corning Corporation, Momentive Performance Materials, Inc., Evonik Industries AG, Bluestar Silicones International, SiVance, LLC, NuSil Technology LLC, Simtec Silicone Parts, LLC, Wacker Chemie AG, Stockwell Elastomerics Inc. and Xinapse Systems Ltd. are expected to increase their presence throughout the APEJ region in the foreseeable future.

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