Adroit Market Research Global Liquid Silicone Rubber Market Size 2018 | Page 2

Adroit Market Research Global Liquid Silicone Rubber Market Size, Status and Forecast 2018-2025 • The global liquid silicone rubber market size was $xx Billion in 2017 and is projected to grow to $xx Billion with a substantial CAGR at xx% over the forecast period. Rising demand for automotive and medical industries are the main factors for the growth of the liquid silicone rubber market during the forecast period. Industries like medical and automotive are experiencing its demand due to durability, potential to meet the safety requirements and cost- effectiveness. Material developments and the geriatric population continue to propel the demand for liquid silicone rubber industry. • Global liquid silicone rubber industry growth is also controlled by strict government regulations in the automotive field. There are some regulations that companies need to take into account are US government’s International Traffic in Arms Regulations (ITAR) and Restriction of Use of Hazardous Substances (RoHS) and Dodd-Frank Act. These government regulations will play a major role in increasing the growth of liquid silicone rubber market globally. • Liquid silicone rubber characteristics such as chemical inertness, electrical resistance and potential to survive extreme temperatures is helping to increase the growth of liquid silicone rubber (lsr) market. These characteristics have allowed its wide acceptance in industries like medical, automotive, electrical & electronics, consumer goods and many more. Increase in the elderly population is boosting the value of implants and medical devices in the field of medicine. [phone] [email protected] www.adroitmarketresearch.com