Liquid Injection Molding Market

Liquid Injection Molding Market - Global Industry
Insights, Trends, Outlook, and Opportunity Analysis,
2018-2026
Liquid injection molding (LIM) is an industrial fabrication process, generally used to
make broad range of products. LIM differs from normal injection molding processes,
as it depends upon mechanical mixing rather than impingement mixing by pressure.
Mixing process in LIM is mainly focuses on liquid silicon rubber (LSR), fluoro silicon
rubber (F-LSR), and similar elastomeric materials. Due to the superior quality of end
products with durability, flexibility, accuracy, and tensile strength, the demand for LIM
has increased among many producers of rubber parts.
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Silicon rubber has the highest demand in medical equipment such as flow control
valves, syringe stoppers, and infusion pumps. This drives growth of the liquid
injection molding market. Properties such as chemical inertness, ability to withstand
high temperature, and electric resistance, make LSR (Liquid Silicon Rubber) a
unique raw material in liquid injection molding process, for adoption in many
industries such as automotive, electrical & electronics, medical. This in turns, drives
the liquid injection molding market growth. High demand for medical equipment and
advancement in molding technology are expected to fuel growth of the market for
liquid injection molding over the forecast period. Fluctuation in prices of raw
materials pose as a major restraint for market growth.
Liquid Injection Molding Market Outlook
North America is a lucrative market for liquid injection molding products. The U.S
market consumes and manufactures a significant amount of the world’s silicon
rubber due to its large applications in medical devices, automobile, and electronics
devices. According to International Trade Administration (ITA), the U.S. is the largest
end user of medical device. The U.S medical device market valued over US$140
billion, which accounted for nearly 45 % of the global medical equipment market in
2015. Apart from this U.S, Canada, and Mexico have large markets for automotive
parts, which employ liquid injection molding. Therefore the increasing demand for
medical equipment and automobile along with daily consumer goods, has increased
the demand for liquid injection molded products, in turn projected to fuel market
growth over the forecast period.
Asia Pacific is the fastest growing market for liquid injection molded products. China,
India, and Japan are the major countries of the Asia-Pacific region that consume and
manufacture these products. According to CAAM (China Association of Automobile
Manufacturers), in 2015, China reached a sale of around 21.1 million passenger
cars. Most vehicle parts employ injection molding process, which in turn, is expected
to boost growth of the liquid injection molding market over the forecast periods.
Europe is the largest region in terms of value. Increasing demand for electrical
appliances and automotive components fuels the growth of the injection molding
market in Europe. Moreover, increasing globalization and production have led to the
steady growth of the market in the region. Manufacturers operating in the liquid
injection molding market are focusing on and largely investing in research and
development to expand their product portfolio in Europe. According to FDA,
validation is a prerequisite for injection molding. The process is fully verified by
subsequent test and inspection.
Key Player in Liquid Injection Molding Market
The major players in Liquid Injection Molding Market are Dow Corning Corporation
(U.S.), Wacker Chemie AG (Germany), China National Bluestar Co. Ltd. (China),
Shin-Etsu Chemical (Japan), Specialty Silicone Products (U.S.), Nissei Plastic
Industrial Co., Ltd, (Japan), Engel Austria GmbH (Austria), KCC Corporation (South
Korea), Reiss Manufacturing Inc. (U.S.), Zhenjian Xinan Chemical Industrial Group
Co., Ltd. (China), and Momentive Performance Materials Inc. (U.S.).
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Liquid Injection Molding Market report categorizes global market by Process (LSR, F-LSR, others), Application (Medical, Automotive, Electric & Electronics, Others), and End-Use Industry (Medical, Automotive, Electric & Electronics, Others) – Global Industry Insights, Trends, Outlook, and Opportunity Analysis, 2018-26