Liquid Silicone Rubber Market- The growing healthcare industry and increasing aging population are expected to be major factors


Posted March 24, 2022 by neha_s

Silicone rubber is defined as an elastomer of silicone that also contains hydrogen, carbon, and oxygen.

 
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.

The global market can be segmented on the basis of application into the following:

Automotive components and parts

Medical devices

Home appliances

Consumer goods

Cosmetics

The global market can be segmented on the basis of end use industry into the following:

Automotive and aerospace

Healthcare

Electrical and electronics

The global market can be categorized on the basis of region into the following:

North America

Latin America

Europe

Asia Pacific

Africa

Middle East

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Major Keyplayers: Wacker Chemie AG, Shin-Etsu Chemical Co. Ltd, DOW Corning, KCC Corporation, Momentive Performance Materials Inc., Bluestar Silicones (Elkem Group), Simtec Silicone Parts, LLC, Zhejiang Xinan Chemical Industrial Group Co., Ltd., and Reiss Manufacturing Inc

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Issued By Coherent Market Insights
Country India
Categories Business , Industry
Last Updated March 24, 2022