Liquid Silicone Rubber Market - Global Industry Insights, Trends, Outlook, and Opportunity Analysis, 2018-2026 Silicone rubber is defined as an elastomer of silicone that also contains hydrogen, carbon, and oxygen. Silicone rubber is available as one or two-part polymers and comprises fillers to improve properties and reduce costs. Silicone rubber is stable, non-reactive, and resistant to extreme environments and temperatures. It can be used in a wide range of products, including food storage products, textiles, footwear, electronics, and medical devices, among others. This is mainly attributed to its advantageous properties and ease of manufacturing. One of the major factors driving growth of liquid silicone rubber market is increasing demand for electronics. Silicon rubber finds wide application in the healthcare industry and thus, rampant growth of this sector across the globe is further fueling demand for liquid silicone rubber. However, stringent regulations pertaining to use of liquid silicone rubber in medical devices is expected to hamper growth of liquid silicone rubber industry over the forecast period (2016–2024). Therefore, the liquid silicone rubber market is expected to witness moderate growth in terms of revenue over the forecast period. Request For Sample Copy of this Research Report https://www.coherentmarketinsights.com/insight/request-sample/346 : Rising aging population to drive growth of liquid silicone rubber market The growing healthcare industry and increasing aging population are expected to be major factors driving demand for liquid silicone rubber in the near future. Demand for liquid silicone rubber is also expected to augment due to burgeoning growth of the electronics sector. Furthermore, automotive sector is also projected to contribute to increase in demand for liquid silicone rubber over the forecast period. Stringent regulations pertaining to specifications of using liquid silicone rubber in medical devices is expected to be one of the major restraining factors for growth of liquid silicone rubber market. Demand for transparent liquid silicone rubber in optical applications is expected to increase, thus creating lucrative opportunity for manufacturers in terms of revenue. Regional Outlook North America was the largest market for liquid silicone rubber in 2015. This is mainly attributed to growing population and rampant growth of the healthcare industry in the region. Asia Pacific is expected to be the fastest growing region in the global liquid silicone rubber market over the forecast period. Growth of the market in the region is mainly attributed to increasing demand from economies such as India, China, and Indonesia. Markets in Latin America and Europe are also expected to gain traction in the near future due to growth of associated industries in these regions. For More Information: https://tinyurl.com/y85k9znx About Coherent Market Insights: Coherent Market Insights is a prominent market research and consulting firm offering action-ready syndicated research reports, custom market analysis, consulting services, and competitive analysis through various recommendations related to emerging market trends, technologies, and potential absolute dollar opportunity. Contact Us: Mr. Shah Coherent Market Insights 1001 4th Ave, #3200 Seattle, WA 98154 Tel: +1-206-701-6702 Email: [email protected]
Liquid Silicone Rubber Market report categorizes global market by application, end use industries, and geography - Global Industry Insights, Trends, Outlook, and Opportunity Analysis, 2016–2024
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