Liquid silicone rubber has unique properties such as resistance to extreme temperatures, UV and ozone, and also an insulator or conductor. This is expected to result in wide applicability in various industrial applications such as connector seals, grommets, and strain relief devices, which is a major factor driving growth of the global liquid silicone rubber market.
The global liquid silicone rubber market report has been segmented on the basis of grade, application, and region.
The grade segment in the global liquid silicone rubber market is segmented on the basis of food, medical, and industrial. The medical segment is expected to contribute significant revenue share in the global market.
The application segment in the global liquid silicone rubber market is segmented on the basis of medical, automotive, consumer goods, electrical and electronics. The automotive segment is expected to contribute significant revenue share in the global market.
On the basis of region, the global liquid silicone rubber market is segmented into North America, Europe, Asia Pacific, Latin America, Middle East & Africa.
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North America is expected to dominate the global liquid silicone rubber market, and is expected to continue its dominance over the forecast period. This can be attributed to increasing adoption of liquid silicone rubber in manufacturing of medical devices. The market in Asia Pacific is expected to register faster growth in terms of revenue, owing to growing adoption from automotive and consumer electronics sectors for various applications in emerging economies such as India and China in this region. In 2009, Total consumer electronics exports from Hong Kong was US$ 62.8 billion and total imports into Hong Kong was US $ 57.9 billion.
Key players operating in the global liquid silicone rubber market include Dow Corning Corporation, Momentive Performance Materials Inc., KCC Corporation, Simtec Silicone Parts, LLC, BlueStar Inc., Stockwell Elastomerics Inc., Zhejiang Xinan Chemical Industrial Group Co., Ltd., Shin-Etsu Chemical Co., Ltd., Wacker Chemie AG, Nusil Technology LLC, and Laur Silicone Inc.