The Liquid Silicone Rubber market is expected to record a CAGR of over 4.5% over the forecast period (2021-2027).
The market was negatively affected by COVID-19 in 2020. The disruption of the global supply chain and the decline in demand from various end-user industries have negatively impacted the demand for liquid silicone rubber (LSR). The automotive industry can act as an obstacle to the growth of the market under study. The global automotive industry has witnessed a decline in sales in 2020, which is roughly 78 million units, well below 90.4 million units in 2019. This in turn affected the liquid silicone rubber market. However, in 2021, the situation is expected to recover and the growth trajectory of the market is expected to recover during the forecast period.
A full report of Liquid Silicone Rubber Market available at https://www.orionmarketreports.com/liquid-silicone-rubber-market/15318/
Major Players
• Dow
• Wacker Chemie AG
• Shin-Etsu Chemical Co., Ltd.
• KCC SILICONE CORPORATION
• Jiangsu Tianchen New Materials Co., Ltd
Liquid Silicone Rubber Market: Segmentation
By Type
• Food Grade LSR
• Industrial Grade LSR
• Medical Grade LSR
By End-user Industry
• Healthcare and Medical Devices
• Automotive
• Electrical and Electronics
• Consumer Goods (Food Contact Products, Baby Care Products, etc.)
• Beauty and Personal Care
• Other End-user Industries
(This release has been published on OMR Industry Journal. OMR Industry Journal is not responsible for any content included in this release.)
