Liquid Silicone Rubber Market Analysis, Segments, Growth and Value Chain 2017-2026

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Liquid Silicone Rubber Market

The study foresees a moderate growth for the expansion of global liquid silicone rubber market during the period, 2017-2026. It has been estimated that the global liquid silicone rubber market will register a value CAGR of 4.5% over the forecast period. High carbon footprint of producing liquid silicone rubber at large scale, limitations to the reuse and recyclability of such elastomers and disposability challenges are set to deter the use of liquid silicone rubbers in the near future.

Molding capabilities of liquid silicone rubbers will drive their use across several industrial applications. It has been observed that industrial grade liquid silicone rubber will showcase robust growth in demand in the coming years. Through 2026, nearly half of the global liquid silicone rubber market value will be accounted by sales of industrial grade elastomers. The report also foresees that liquid injection molding technology will be a sought-after in the global liquid silicone rubber market. In 2017, more than US$ 3.2 billion worth of liquid silicone rubbers will be used by liquid injection molding systems across the globe.

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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 prominent manufacturers of liquid silicon rubber based in Japan, China, Korea and other parts of the Asia-Pacific region.

The report estimates that in 2018 and beyond, the Asia-Pacific excluding Japan (APEJ) region will represent largest marketplace for liquid silicone rubber, reflecting a weighted 35% share on global market value. Other key 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 also expected to bolster their presence across the APEJ region in the foreseeable future.

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