Liquid Silicone Rubber Market Analysis, Segments, Growth and Value Chain 2017-20
Posted by Shashii Pawar on July 3rd, 2019
The study foresees a moderate growth for the expansion of global liquid silicone rubber market during the period, 2017-2026. It has been estimated that the global liquid silicone rubber market will register a value CAGR of 4.5% over the forecast period. High carbon footprint of producing liquid silicone rubber at large scale, limitations to the reuse and recyclability of such elastomers and disposability challenges are set to deter the use of liquid silicone rubbers in the near future.
Molding capabilities of liquid silicone rubbers will drive their use across several industrial applications. It has been observed that industrial grade liquid silicone rubber will showcase robust growth in demand in the coming years. Through 2026, nearly half of the global liquid silicone rubber market value will be accounted by sales of industrial grade elastomers. The report also foresees that liquid injection molding technology will be a sought-after in the global liquid silicone rubber market. In 2017, more than US$ 3.2 billion worth of liquid silicone rubbers will be used by liquid injection molding systems across the globe.
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About the AuthorShashii Pawar
Joined: December 22nd, 2016
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