Chemicals and Materials Liquid Silicone Rubber Market

Future Is Here: Liquid Silicone Rubber Market
worth USD 3.82 Billion by 2026
The report "Liquid Silicone Rubber Market by Grade (Industrial, Medical, Food),
Application (Automotive, Medical (Implants, Medical Devices), Electrical &
Electronics (Insulation, and Electrical & Optical), Consumer Goods), Region - Global
Forecast to 2026", published by MarketsandMarkets, the global market is projected to
reach USD 3.82 Billion by 2026, at a CAGR of 8.3%, during the forecast period, 2016 to
2026.
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LSRs have many beneficial properties such as, having heat resistance, being chemically
inert, biocompatible, and easy to mold. Thus, these are used in many applications including,
automotive, medical, electrical & electronics, and consumer goods. The growing aging
population is leading to the high growth in demand for LSR products in the healthcare
industry, and the increasing demand for LSR from the electrical & electronics industry is
driving the LSR market. This is resulting in an increase in the number of new product
launches and expansions by companies.
The major players of the LSR market such as, Dow Corning (U.S.), Momentive Performance
Materials Inc. (U.S.), NuSil Technology LLC (U.S.), Simtec Silicone Parts, LLC (U.S.), and
Stockwell Elastomerics Inc. (U.S), are U.S.-based companies and supply their products
across the globe.
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