Market World Liquid Silicone Rubber Market

Liquid Silicone Rubber Market Opportunities, Revenue and Potential Applications Forecasts 2013-2025 “The growing demand from automotive and medical sectors have emerged as the crucial drivers of the global market in the near future.” Industry Insights The Liquid Silicone Rubber (LSR) Market size was valued at USD 1.55 billion in the year 2015 and is anticipated to observe substantial growth over the next eight years. The growing demand from automotive and medical sectors have emerged as the crucial drivers of the global market in the near future. The liquid silicone rubber possesses superior properties for example ability to withstand very high temperatures, chemical inertness and electrical resistance. These features have enhanced its broad acceptance across automotive, electrical & electronics, medical and various other sectors. Increasing elderly population is driving the demand medical devices and implants in the medical sector. The applications of LSR are growing in conventional rubber along with areas where conventional rubber had not been used. The LSR technology is experiencing a fast change. Some current applications comprise of LED headlights, medical implants & devices, kitchenware, fitness tracker, bake ware and wiper blades as well as manufacturing drug eluding devices. Request Sample Copy of this Market Research @ https://www.millioninsights.com/industry-reports/liquid-silicone-rubber-lsr-market/request- sample