Liquid Silicone Rubber Market: Adoption of Liquid Injection Molding Technology to Remain Widespread: Global Industry Analysis (2012-2016) & Opportunity Assessment (2017-2026)
- REP-GB-5736
- 2018-03-12
- 170 Pages
- Format:
- Category: Chemicals & Materials
Cost-effectiveness of molding processes in the manufacturing of parts has driven the demand for injecting materials such as liquid silicone rubber. The versatile characteristics of liquid silicone rubber continue to drive their application in the elastomer industry. A wide spectrum of parts – from consumer goods to medical devices – can be manufactured through the injection of liquid silicone rubber in molding processes. An extensive operating temperature range boosts the advantages of liquid silicone rubber in parts manufacturing. Moreover, the end-use of liquid silicone rubber is raised up by its unique properties in terms of translucency, quick cycle times and greater throughput.
In the future, the demand for liquid silicone rubber is expected to evolve at an average pace. While advantages such as less raw material handling and speedy delivery will drive the use of liquid silicone rubber, its production will be marred by high carbon footprint, reusability & recycling limitations and disposability challenges. Future Market Insights foresees the global liquid silicone rubber market to reflect a moderate value growth at 4.5% CAGR over the period, 2017-2026. This forecast study estimates that by the end of 2026, the global market for liquid silicone rubber will touch US$ 7.9 billion valuation.
Liquid Injection Molding Technology to Showcase High Profitability
As an injection materials for molding processes, the effectiveness of liquid silicone rubber is in unison with the efficiency of fabrication technologies such as liquid injection molding. Robust popularity of liquid injection molding systems in the manufacturing sector is expected to reflect a sharp growth in the adoption of liquid silicone rubber. Unique mixing properties of liquid silicone rubber have driven its feasibility in terms of gelling with other materials during molding processes. It has been estimated that through 2026, more than 60% of liquid silicone rubber produced in the world will be used in liquid injection molding systems.
High Value Growth for Automotive End-uses of Liquid Silicone Rubber
The end-use of liquid silicone rubber is diversified across the manufacturing sector of multiple industries and verticals. Currently, consumer goods industry registers the highest end-use of liquid silicone rubbers. By the end of 2026, more than 23% of liquid silicone rubber manufactured globally will be used by the consumer goods industry. However, the report estimates that automotive end-use of liquid silicone rubber will reflect highest value CAGR of 5.4% over the forecast period. OEMs will be widely using liquid silicone rubber in the manufacturing of multi-component plastics, harness components such as ring seals, lighted panel buttons and anti-drain backflow valves, among others.
Industrial Grade Liquid Silicone Rubber to Reflect 45% Share on Global Market Value
Manufacturers of liquid silicone rubber products will remain focused upon extending the capacities for producing industrial grade rubber. By 2026-end, more than US$ 3.5 billion worth of industrial grade liquid silicone rubber is expected to be sold across the globe. Medical grade liquid silicone rubber, on the other hand, will reflect a steady value CAGR over the forecast period. Dow Corning Corporation, China National Chemical Corporation, Bluestar Silicones International, Evonik Industries AG, Momentive Performance Materials, Inc., NuSil Technology LLC, Shin-Etsu Chemical Co., Ltd., SiVance, LLC, Wacker Chemie AG, KCC Corporation, Zhejiang Xinan Chemical Industrial Group Co., Ltd., Simtec Silicone Parts, LLC, Stockwell Elastomerics Inc., Toshiba Medical Systems Corporation, and Xinapse Systems Ltd. are the key companies producing liquid silicone rubber in the global marketplace. These companies are expected to consider the predominant demand for industrial grade liquid silicone rubber while planning their strategies towards future market direction.
Future Market Insights’ latest offering provides extensive research on the future of global market for liquid silicone rubber. This report covers all aspects encompassing the global liquid silicone rubber market’s growth and offers an all-embracive forecast by analyzing a slew of information. A market consensus view of size, trends and shape has been developed in this report to identify factors that will exhibit a significant impact in boosting the sales of liquid silicone rubber in the near future. For the assessment of the forecasted market size estimations, the report has considered a near-decadal 2017-2026 period during analysis.
Analysis across Multiple Datapoints to Capture Market Holistically
Basic data groundwork and baseline information has been objectively collected during the development of this study, and aspects such as target consumer base, competition and regulatory environment have been predefined for the purpose of constructive analysis. A constant dialogue with leading liquid silicone rubber manufacturers has bolstered the sourcing of primary research information, which reflects the latest market trends and trade insights for liquid silicone rubber.
The study understands the maturity of the global market for liquid silicone rubber. New offerings and their effectiveness, manufacturing costs, pricing structure, and supply chain characteristics of the global liquid silicone rubber market have been analyzed to understand its development till date. A comparative analysis of manufacturing dynamics, emerging trends for production of liquid silicone rubber and usage patterns indicates the direction for the market to grow in the immediate future. Such valuable information also elevates that utility of this report for investors, opinion makers, and strategic leaders.
A vast base of liquid silicone rubber manufacturers serve as the potential clients for this study, and majority of their concerns have been addressed and explained herein. Short-term expectations of these clients, as well as their long-term business goals, have been considered while developing this report in a tailor-made format. Niche markets have been identified, lucrative avenues for adoption of liquid silicone rubber beyond conventional applications have been revealed.
Market Taxonomy
|
Region |
Grade Type |
Technology |
End Use Industry |
|---|---|---|---|
|
North America |
Food Grade |
Liquid Injection Molding System |
Consumer Goods |
|
Latin America |
Industrial Grade |
Other Molding Processes |
Electrical and Electronics |
|
Europe |
Medical Grade |
|
Construction |
|
Japan |
Other Grades |
|
Automotive |
|
APEJ |
|
|
Healthcare |
|
MEA |
|
|
Other Applications |
(Additional information, including cross-sectional data and country-wise analysis & forecast is available in the report)
Details on Competition and Market Positioning
Companies manufacturing liquid silicone rubber products can avail this report as a credible business document that provides insights on how to improve the consumer perception of their brand against competing brands. Key players in the global liquid silicone rubber market have been profiled in this report. The assessment of competitor analysis provides objective information on how liquid silicone rubber manufacturers can create a unique position in the expansion of the global market over the forecast period.
From industry leaders to emerging players, the report covers the overall liquid silicone rubber manufacturing landscape from a global perspective. Competitors have been identified, market rivalry has been explained and the report has also evaluated the strategies that govern the weaknesses and strengths of prominent players. The scope of the report is to enable liquid silicone rubber manufacturers in outpacing their rivals by re-strategizing their path for business development and considering the insightful inferences provided within.