NEWARK, DE / ACCESSWIRE / January 19, 2023 / The liquid silicone rubber market is expected to hold a valuation of US$ 6.9 billion in 2023. The market is expected to witness a 3.9% from 2023 to 2033. By 2033, the value is expected to cross US$ 10.1 billion.
The liquid silicone rubbers are equipped with the ability to perform under a wide range of temperatures, ranging from -50 0C to 165 0C. Owing to this, these are majorly used in the aviation industry. Furthermore, these also display excellent resistance to chemicals. Thus, they find application in procedures in the medical sector, including ENT, heart surgery, etc.
Liquid silicone rubber is witnessing massive demand in the automobile and automotive sectors as well. The ability to provide a superior compression set and to act as a gloss enhancer is expected to surge their application. The silicone rubbers also work as a dampening medium for the instruments in vehicles. The significant surge in demand for electric vehicles represents massive scope for the market. These are being used in power transmission equipment owing to their heat stability.
Request a Sample @ https://www.futuremarketinsights.com/reports/sample/rep-gb-5736
The surging electronics sector presents lucrative opportunities for the market. Silicone is believed to be the heart of the electronics industry as it assists in encapsulating a bulky circuit into a miniaturized system. The liquid silicone rubbers protect the electronic circuits from shock, heat, and various forms of contaminants. These are also employed in critical electronic components like transistors, capacitors, and tubes in electronic devices.
The injection molding market also makes use of liquid silicone rubbers. This can be attributed to the fact that these silicone rubbers offer high shelf life and provide electrical resistance as well.
Thus, the FMI researchers are of the opinion that the ability to work under extreme conditions, coupled with electrical resistance offered, growth of the electronics sector, and a number of other factors, are expected to surge the liquid silicone rubber market growth during the forecast period.
Key Takeaways:
- The market is projected to be valued at US$ 6.9 billion in 2023.
- By 2033, the valuation is expected to cross US$ 10.1 billion.
- The CAGR during the forecast period is predicted to be 3.9%.
- Based on the regional analysis, North America is anticipated to be the dominant market.
- The United States market is projected to grow at 3.6%.
- The United Kingdom market is estimated to surge at 3.4%.
- China market is forecasted to advance at 3.6%.
- Japan liquid silicone rubber market is expected to surge at 4.5%.
- India market is projected to record 4.3%.
- On the basis of grade type, the industrial grade segment is expected to hold a prominent market share and is expected to register a CAGR of 4%.
- On the basis of technology, the liquid injection molding system segment is anticipated to hold a significant market share and is projected to record a CAGR of 3.5%.
Browse the Full Report @ https://www.futuremarketinsights.com/reports/liquid-silicone-rubber-market
Competitive Landscape:
The key players operating in the liquid silicone rubber market are expected to form strategic partnerships with players from other niches, especially those from the electronics and automobile sector. There is also a lot of emphasis being laid on the process of mergers and acquisitions. The players who are entering into new markets are focusing on inorganic growth, as the local players would be well-versed with demographic tastes. Furthermore, huge amounts are being invested in technological upgradation with a view to reducing waste accumulation.
In November 2022, Dow selected AB Specialty Silicones as the authorized distributor for the elastomeric roof coating market in the United States and Canada.
Liquid Silicone Rubber Market Segmentation
By Grade Type:
- Food Grade
- Industrial Grade
- Medical Grade
- Others
By Technology:
- Liquid Injection Molding System
- Other Molding Processes
By End-use Industry:
- Consumer Goods
- Electrical and Electronics
- Construction
- Automotive
- Healthcare
- Other Applications
By Region:
- North America
- Latin America
- Europe
- Asia Pacific Excluding Japan
- Japan
- The Middle East and Africa
Ask an Analyst @ https://www.futuremarketinsights.com/ask-question/rep-gb-5736
Table of Content
1. Executive Summary
1.1. Global Market Outlook
1.2. Demand-side Trends
1.3. Supply-side Trends
1.4. Technology Roadmap Analysis
1.5. Analysis and Recommendations
2. Market Overview
2.1. Market Coverage / Taxonomy
2.2. Market Definition / Scope / Limitations
3. Market Background
4. Global Market Analysis 2017 to 2022 and Forecast, 2023 to 2033
Have a Look at the Latest Reports in the Chemicals & Materials Domain:
Automotive Appearance Chemicals Market Share: As per Future Market Insights (FMI) analysis, the automotive appearance chemicals market size is expected to surpass US$ 49.4 Bn in the next decade.
Silica Sand Market Size: Rising concerns about product quality and hygiene among the consumers across the country is expected to elevate the demand for clear packaging eventually rising the sales of glass in the United States.
Waste-derived Pyrolysis Oil Market Trends: The global business is projected to witness a growth rate of 4.7% over the forecast period of 2022 and 2029.
Elastomeric Coatings Market Outlook: The global business is projected to witness a growth rate of 7.6% over the forecast period of 2022 and 2029.
Soda Ash Market Demand: Besides the soap & detergent industry, demand for soda ash is expected to rise in the glass & ceramic manufacturing industry with an absolute dollar growth opportunity of US$ 2,857.4 Million from 2022 to 2029.
About Future Market Insights, Inc.
Future Market Insights, Inc. is an ESOMAR-certified business consulting & market research firm, a member of the Greater New York Chamber of Commerce and is headquartered in Delaware, USA. A recipient of the Clutch Leaders Award 2022 on account of a high client score (4.9/5), we have been collaborating with global enterprises in their business transformation journey and helping them deliver on their business ambitions. 80% of the largest Forbes 1000 enterprises are our clients. We serve global clients across all leading & niche market segments across all major industries.
Contact Us:
Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware - 19713, USA
T: +1-845-579-5705
LinkedIn| Twitter| Blogs | YouTube
For Sales Enquiries: [email protected]
SOURCE: Future Market Insights, Inc.