Cost-effectiveness of molding processes in the manufacturing of parts has driven the demand for injecting materials such as liquid silicone rubber. The versatile characteristics of liquid silicone rubber continue to drive their application in the elastomer industry. A wide spectrum of parts – from consumer goods to medical devices – can be manufactured through the injection of liquid silicone rubber in molding processes. An extensive operating temperature range boosts the advantages of liquid silicone rubber in parts manufacturing. Moreover, the end-use of liquid silicone rubber is raised up by its unique properties in terms of translucency, quick cycle times and greater throughput.
In the future, the demand for liquid silicone rubber is expected to evolve at an average pace. While advantages such as less raw material handling and speedy delivery will drive the use of liquid silicone rubber, its production will be marred by high carbon footprint, reusability & recycling limitations and disposability challenges. Future Market Insights foresees the global liquid silicone rubber market to reflect a moderate value growth at 4.5% CAGR over the period, 2017-2026. This forecast study estimates that by the end of 2026, the global market for liquid silicone rubber will touch US$ 7.9 billion valuation.
Liquid Injection Molding Technology to Showcase High Profitability
As an injection materials for molding processes, the effectiveness of liquid silicone rubber is in unison with the efficiency of fabrication technologies such as liquid injection molding. Robust popularity of liquid injection molding systems in the manufacturing sector is expected to reflect a sharp growth in the adoption of liquid silicone rubber. Unique mixing properties of liquid silicone rubber have driven its feasibility in terms of gelling with other materials during molding processes. It has been estimated that through 2026, more than 60% of liquid silicone rubber produced in the world will be used in liquid injection molding systems.
High Value Growth for Automotive End-uses of Liquid Silicone Rubber
The end-use of liquid silicone rubber is diversified across the manufacturing sector of multiple industries and verticals. Currently, consumer goods industry registers the highest end-use of liquid silicone rubbers. By the end of 2026, more than 23% of liquid silicone rubber manufactured globally will be used by the consumer goods industry. However, the report estimates that automotive end-use of liquid silicone rubber will reflect highest value CAGR of 5.4% over the forecast period. OEMs will be widely using liquid silicone rubber in the manufacturing of multi-component plastics, harness components such as ring seals, lighted panel buttons and anti-drain backflow valves, among others.
Industrial Grade Liquid Silicone Rubber to Reflect 45% Share on Global Market Value
Manufacturers of liquid silicone rubber products will remain focused upon extending the capacities for producing industrial grade rubber. By 2026-end, more than US$ 3.5 billion worth of industrial grade liquid silicone rubber is expected to be sold across the globe. Medical grade liquid silicone rubber, on the other hand, will reflect a steady value CAGR over the forecast period. Dow Corning Corporation, China National Chemical Corporation, Bluestar Silicones International, Evonik Industries AG, Momentive Performance Materials, Inc., NuSil Technology LLC, Shin-Etsu Chemical Co., Ltd., SiVance, LLC, Wacker Chemie AG, KCC Corporation, Zhejiang Xinan Chemical Industrial Group Co., Ltd., Simtec Silicone Parts, LLC, Stockwell Elastomerics Inc., Toshiba Medical Systems Corporation, and Xinapse Systems Ltd. are the key companies producing liquid silicone rubber in the global marketplace. These companies are expected to consider the predominant demand for industrial grade liquid silicone rubber while planning their strategies towards future market direction.
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