Liquid Silicone Rubber Market by Grade and Geography - Forecast and Analysis 2021-2025

  • Published: Sep 2021
  • Pages: 120
  • SKU: IRTNTR43093
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The liquid silicone rubber (LSR) market has the potential to grow by USD 789.56 million during 2021-2025, and the market’s growth momentum will accelerate at a CAGR of 5.76%.

This liquid silicone rubber market research report provides valuable insights on the post COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers market segmentation by grade (industrial, medical, and food) and geography (North America, Europe, APAC, MEA, and South America). The liquid silicone rubber market report also offers information on several market vendors, including CHT Group, Dow Inc., Elkem ASA, KCC Co. Ltd., Momentive Performance Materials Inc., REISS MANUFACTURING INC., Shin-Etsu Chemical Co. Ltd., SIMTEC Silicone Parts LLC, Stockwell Elastomerics Inc., and Wacker Chemie AG among others.

What will the Liquid Silicone Rubber Market Size be in 2021?

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Liquid Silicone Rubber Market: Key Drivers and Trends

Based on our research output, there has been a neutral impact on the market growth during and post COVID-19 era. The growing demand for lightweight materials is notably driving the LSR market growth, although factors such as stringent clinical and regulatory policies may impede market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the liquid silicone rubber industry. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.

  • The rising demand for lightweight materials in the automotive industry will be one of the major factors that will have a positive impact on the growth of the LSR market size.
  • The stringent regulations in different countries to track the efficiency and carbon emissions from vehicles have led automotive manufacturers to use light materials such as liquid silicone rubber in vehicles.
  • Popular vendors provide an extensive range of LSR products that are widely used for a range of applications such as insulation, sealing, bonding, and coating of different automotive parts such as the engine, drive train, electrical system, electronics, interior, and body.
  • These products adhere to requirements such as durability, sustainability, resistivity, safety, performance, efficiency, low CO2 emission, and cost-effectiveness and also have features such as abrasion resistance, aesthetics, superior adhesion, and UV resistance.
  • The high rate of hip and knee implants will drive the liquid silicone rubber market growth during the forecast period.
  • Hip and knee implants are quite common among patients, especially in western countries. This can be attributed to the demand for a more conservative alternative to total joint replacement.
  • The rise in the cases of rheumatoid arthritis is another factor responsible for the high number of hip and knee implants.
  • It is expected that there would be further growth in the orthopedic implants market as orthopedic firms are developing innovative new products for hip and knee non-fusion product lines.
  • The companies involved in orthopedic implants manufacturing will foster the demand for LSR in the coming five years.

This liquid silicone rubber market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2021-2025.

Who are the Major Liquid Silicone Rubber Market Vendors?

The report analyzes the market’s competitive landscape and offers information on several market vendors, including:

 

  • CHT Group
  • Dow Inc.
  • Elkem ASA
  • KCC Co. Ltd.
  • Momentive Performance Materials Inc.
  • REISS MANUFACTURING INC.
  • Shin-Etsu Chemical Co. Ltd.
  • SIMTEC Silicone Parts LLC
  • Stockwell Elastomerics Inc.
  • Wacker Chemie AG

 

This statistical study of the liquid silicone rubber market encompasses successful business strategies deployed by the key vendors. The LSR market is fragmented and the vendors are deploying various organic and inorganic growth strategies to compete in the market.

To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

The liquid silicone rubber market forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies. 

Which are the Key Regions for Liquid Silicone Rubber Market?

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44% of the market’s growth will originate from North America during the forecast period. The US and Canada are the key markets for liquid silicone rubber in North America. Market growth in this region will be faster than the growth of the market in Europe, MEA, and South America.

The growing market for high-performance passenger vehicles will facilitate the liquid silicone rubber market growth in North America over the forecast period. This market research report entails detailed information on the competitive intelligence, marketing gaps, and regional opportunities in store for vendors, which will assist in creating efficient business plans.

What are the Revenue-generating Grade Segments in the Liquid Silicone Rubber Market?

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The liquid silicone rubber market share growth by the industrial segment will be significant during the forecast period. Industrial grade LSR is used extensively in various industries such as construction, automotive, and electronics. Owing to the properties such as insulation, dependence on material additives, and resistance to extreme temperature, it is extensively used in various industrial applications. 

This report provides an accurate prediction of the contribution of all the segments to the growth of the LSR market size and actionable market insights on post COVID-19 impact on each segment.

 

Scope of Report

Features

Included Data

Base year for market size assessment

2020

Forecast period

2021-2025

Growth momentum and forecast

Accelerate at a CAGR of 5.76%

Regional analysis

North America, Europe, APAC, MEA, and South America

Key consumer countries

US, China, Germany, Canada, and UK

Competitive landscape

Leading companies, competitive strategies, consumer engagement scope

Companies profiled

CHT Group, Dow Inc., Elkem ASA, KCC Co. Ltd., Momentive Performance Materials Inc., REISS MANUFACTURING INC., Shin-Etsu Chemical Co. Ltd., SIMTEC Silicone Parts LLC, Stockwell Elastomerics Inc., and Wacker Chemie AG

Market Dynamics

Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and future consumer dynamics, market condition analysis for the forecast period

Customization purview

If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

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What are the Key Factors Covered in this Liquid Silicone Rubber Market Report?

  • CAGR of the market during the forecast period 2021-2025
  • Detailed information on factors that will drive liquid silicone rubber market growth during the next five years
  • Precise estimation of the liquid silicone rubber market size and its contribution to the parent market
  • Accurate predictions on upcoming trends and changes in consumer behavior
  • The growth of the LSR industry across North America, Europe, APAC, MEA, and South America
  • A thorough analysis of the market’s competitive landscape and detailed information on vendors
  • Comprehensive details of factors that will challenge the growth of LSR market vendors

We can help! Our analysts can customize this report to meet your requirements. Get in touch

Liquid Silicone Rubber Market Scope

Report Coverage

Details

Page number

120

Base year

2020

Forecast period

2021-2025

Growth momentum & CAGR

Accelerate at a CAGR of 5.76%

Market growth 2021-2025

$ 789.56 million

Market structure

Fragmented

YoY growth (%)

4.90

Regional analysis

North America, Europe, APAC, MEA, and South America

Performing market contribution

North America at 44%

Key consumer countries

US, China, Germany, Canada, and UK

Competitive landscape

Leading companies, competitive strategies, consumer engagement scope

Companies profiled

CHT Group, Dow Inc., Elkem ASA, KCC Co. Ltd., Momentive Performance Materials Inc., REISS MANUFACTURING INC., Shin-Etsu Chemical Co. Ltd., SIMTEC Silicone Parts LLC, Stockwell Elastomerics Inc., and Wacker Chemie AG

Market Dynamics

Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and future consumer dynamics, market condition analysis for forecast period,

Customization purview

If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

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Research Framework

Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

TechnavioINFORMATION SOURCES

Primary sources

  • Manufacturers and suppliers
  • Channel partners
  • Industry experts
  • Strategic decision makers

Secondary sources

  • Industry journals and periodicals
  • Government data
  • Financial reports of key industry players
  • Historical data
  • Press releases
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TechnavioDATA ANALYSIS

Data Synthesis

  • Collation of data
  • Estimation of key figures
  • Analysis of derived insights

Data Validation

  • Triangulation with data models
  • Reference against proprietary databases
  • Corroboration with industry experts
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TechnavioREPORT WRITING

Qualitative

  • Market drivers
  • Market challenges
  • Market trends
  • Five forces analysis

Quantitative

  • Market size and forecast
  • Market segmentation
  • Geographical insights
  • Competitive landscape
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The liquid silicone rubber market growth will increase by $715.78 million during 2019-2024.
The liquid silicone rubber market is expected to grow at a CAGR of 5.79% during 2019-2024.
Technavio has segmented the liquid silicone rubber market by other 1 (Industrial, Food, and Medical) ,application (Residential and Commercial) , and geographic (North America, APAC, Europe, and South Africa).
CHT Group, Elkem ASA, KC Co. Ltd., Momentive Performance Materials Inc., REISS MANUFACTURING INC., Shin-Etsu Chemical Co. Ltd., SIMTEC Silicone Parts LLC, Stockwell Elastomerics Inc., The Dow Chemical Co., Wacker Chemie AG are a few of the key vendors in the liquid silicone rubber market.
North America will register the highest growth rate of 37.55% among the other regions. Therefore, the liquid silicone rubber market in North America is expected to garner significant business opportunities for the vendors during the forecast period.
The key factors driving the liquid silicone rubber market growth are:
  • High investment on infrastructure in emerging countries
  • Adoption of blockchain technology
The liquid silicone rubber market vendors should focus on grabbing business opportunities from the industrial segment as it accounted for the largest market share in the base year.
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