As molding procedure has widely been adopted in the manufacturing sector, the injection materials like liquid silicon rubber are witnessing a sharp rise in terms demand. Future Market Insights has developed a report on growth of global liquid silicon rubber market. A reporter from FMI has developed a report with key questions to thoroughly understand expansion of global liquid silicon rubber market.
What is your take on growth of global liquid silicon rubber market?
Well, according to statistics generated by us, the global liquid silicon market is estimated to register 4.5% CAGR during 2017-2026. The global market is likely to reach valuation of US$ 7.9 Bn by the end of 2026.
Why liquid silicon rubber is gaining more traction in the global market?
Molding capacities of liquid silicon rubbers are likely to fuel its demand across some leading applications in various companies. The industrial grade silicon rubber is likely to exhibit high growth in foreseeable future. Approximately half of the global liquid silicon rubber market is likely to be procured by sales of industrial grade elastomers. The liquid injection molding technique is likely to remain at the forefront in the global market in coming years. Over US$ 3.2 Bn worth liquid silicon rubbers are likely to be utilized by molding system across the globe in the year 2017.
What are the factors according to you are impacting growth of global liquid silicon rubber market?
Typically, unique properties as well as versatile characteristics of liquid silicon rubber are likely to witness sharp growth in elastomer industry, in which wide range of medical devices, industrial goods as well as consumers products are being manufactured with the use of liquid injection silicon rubber into mold cavities. However, liquid silicon rubber manufacturing is generating high carbon footprints in large scale and limitation to recyclability and reuse of these kind of elastomers as well as disposability challenges are likely to minimize the use of liquid silicon in foreseeable future.
Is there any segments based on end-user, which is leading end-user in the market?
Well, it is estimated that almost US$ 1.76 Bn worth of liquid silicon rubber is likely to be utilized in the manufacturing of consumer goods across the globe during 2017-2026. Additionally, healthcare industry is likely to showcase fastest increasing growth in foreseeable future. On the other hand, the liquid silicon rubber producers are likely to gain procure more profit by the sales of rubber for the manufacturing of elastomers in the manufacturing of medical instruments like silicon rubber. However, the automotive sector will showcase 5.4% CAGR in the use of liquid silicon rubber during the assessment period.
What are the leading players contributing more to the growth of Asia region?
China National Chemical Corporation, Zhejiang Xinan Chemical Industrial Group Co., Ltd, Shin-Etsu Chemical Co., Ltd., Toshiba Medical Systems Corporation, and KCC Corporation are several leading players operating in China, Japan, Korea as well as in other parts of APAC region. However, the APEJ region is likely to procure 35% share of the global market in terms of value. On the other hand some other players operating in the global market include Dow Corning Corporation, Xinapse Systems Ltd., Momentive Performance Materials, Inc., Wacker Chemie AG, Bluestar Silicones International, Stockwell Elastomerics Inc., SiVance, LLC, Simtec Silicone Parts, LLC, NuSil Technology LLC, and Evonik Industries AG.
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