Dublin, April 26, 2019 (GLOBE NEWSWIRE) -- The "Global Liquid Silicone Rubber (LSR) Market By Grade (Industrial, Medical & Food), By Application (Automotive, Electrical & Electronics, Consumer Goods and Medical), By Region, Competition, Forecast & Opportunities, 2024" report has been added to ResearchAndMarkets.com's offering.
The global liquid silicone rubber (LSR) market is projected to grow from $1.73 billion in 2018 to $2.26 billion by 2024, exhibiting a CAGR of 4.62% during the forecast period.
Huge LSR end-user in consumer goods coupled with the increasing demand for medical grade liquid silicone rubbers are the key factors fueling growth of the global LSR market. The use of medical grade LSR decreases the risk of bacterial infections, thus it is used in skin medications to support functionality and absorption. In the electronics & electrical end-user, LSR is extensively used in electrical potting and insulation.
Global Liquid Silicone Rubber (LSR) Market Segmentation
The global market for liquid silicone rubber (LSR) has been categorized based on grade, end-user industry and regions. On the basis of grade, the liquid silicone rubber (LSR) market has been categorized into the industrial, medical and food segments. Based on the end-user industry, the LSR market has been segmented into consumer goods, automotive, electrical & electronics and medical. Among the various end-user industries, medical is the fastest growing industry in the global LSR market. Further, based on grades of LSR, the food grade LSR segment is expected to dominate the market, owing to its increasing end-use in consumer goods, worldwide.
Global Liquid Silicone Rubber (LSR) Market Regional Segmentation
The global LSR market has been segmented into North America, South America, Europe, Asia-Pacific and the Middle East & Africa. Among these regions, Asia-Pacific is the second fastest growing region in the global LSR market, wherein countries like China and Japan are the major markets. Furthermore, Asia-Pacific leads the global LSR market, and China is the fastest growing and dominating market in the region, owing to the rising demand for from the consumer and medical industries.
Competitive Landscape
Some of the leading companies operating in the global liquid silicone rubber (LSR) market are The Dow Chemical Company (previously known as Dow Corning), Wacker Chemie AG, Momentive Performance Materials Inc., Shin-Etsu Chemical Co., Ltd., KCC Corporation, China National Bluestar (Group) Co., Ltd., Laur Silicone, Inc., SIMTEC Silicone Parts, LLC, Wynca Group, Jiangsu Tianchen New Materials Co., Ltd., among others.
Years considered for this report:
Historical Years: 2014-2017
Base Year: 2018
Estimated Year: 2019
Forecast Period: 2020-2024
Objective of the Study
- To analyze and forecast the global Liquid Silicone Rubber (LSR) market size.
- To forecast the global Liquid Silicone Rubber (LSR) market based on grade, end-user industry and regional distribution.
- To identify drivers and challenges for the global Liquid Silicone Rubber (LSR) market.
- To examine competitive developments such as expansions, new Grade launches, mergers & acquisitions, etc., in the global Liquid Silicone Rubber (LSR) market.
- To conduct the pricing analysis for the global Liquid Silicone Rubber (LSR) market.
- To identify and analyze the profile of leading players engaged in the manufacturing of Liquid Silicone Rubber (LSR).
Key Topics Covered
1. Grade Overview
2. Research Methodology
3. Executive Summary
4. Voice of Customer
4.1. Brand Awareness
4.2. Brand Recall
4.3. Brand Satisfaction
4.4. Factors Influencing Purchase Decision
4.5. Challenges/Issues Faced Post Purchase
4.6. Unmet Needs
5. Global Liquid Silicone Rubber Market Overview
6. Global Liquid Silicone Rubber Market Outlook
6.1. Market Size & Forecast
6.1.1. By Value & Volume
6.2. Market Share & Forecast
6.2.1. By Grade (Industrial, Medical & Food)
6.2.2. By End-User Industry (Consumer Goods, Automotive, Electrical & Electronics and Medical)
6.2.3. By Company
6.2.4. By Region
6.3. Market Attractiveness Index
12. Market Dynamics
12.1. Drivers
12.2. Challenges
13. Market Trends & Developments
14. Competitive Landscape
14.1. Competition Outlook
14.2. Company Profiles (Leading companies)
14.2.1. Basic Details
14.2.2. Financials (As reported)
14.2.3. Supply Chain Analysis
14.2.4. Key Market Focus and Geographical Presence
14.2.5. Planned Investments
14.2.6. Pricing of Target Grades
14.2.7. Market positioning
14.3. Global Players Profiled
14.3.1. Dow Corning (DowDuPont)
14.3.2. Wacker Chemie AG
14.3.3. Momentive Performance Materials Inc.
14.3.4. Shin-Etsu Chemical Co. Ltd.
14.3.5. KCC Corporation
14.3.6. China National Bluestar (Group) Co. Ltd.
14.3.7. Laur Silicone Inc.
14.3.8. SIMTEC Silicone Parts LLC
14.3.9. Wynca Group
14.3.10. Jiangsu Tianchen New Materials Co. Ltd.
(Note: The companies list can be customized based on the client requirements)
15. Strategic Recommendations
For more information about this report visit https://www.researchandmarkets.com/r/bnfgu1