The increasing use of liquid silicone rubber in the food processing sector is the key driver driving market revenue growth. 

NEW YORK CITY, NEW YORK, UNITED STATES, December 16, 2022 /EINPresswire.com/ -- The global liquid silicone rubber market size was USD 2.57 Billion in 2021 and is expected to register a revenue CAGR of 8.3% over the forecast period, according to the latest report by Reports and Data.

The key driver driving market revenue growth is the increasing use of liquid silicone rubber in the food processing industry. They are widely used in the food processing industry in baking trays and moulds, packing gear, beverages vending machines, over-door profiles, and other applications. Because silicone rubbers are resistant to cooking fats and sterilising solutions, they are ideal for these applications. Because of its inert nature, LSR is ideal for bakeware and other culinary goods. Additionally, increased demand for kitchen items produced with LSR, such as protective gloves, trivets, barbeque

Access Free sample PDF Copy of the Report @ https://www.reportsanddata.com/sample-enquiry-form/1548

Major companies Dow, Wacker Chemie AG, Momentive, Shin-Etsu Chemical Co., Ltd., KCC Corporation, Jiangsu Tianchen New Materials Co., Ltd., Avantor, Inc., Blue Star Limited, Stockwell Elastomerics, INC., and Laur Silicone, Inc.

Some Key Highlights from the Report

The liquid silicone rubber market is divided into three grades: industrial, food, and medical. Over the projection period, the medical industry is predicted to have considerable revenue growth. Because of its exceptional heat resistance, low-temperature flexibility, chemical resistance, and other properties, liquid silicone rubber (LSR) is employed in a wide range of medical applications. Because it can fulfil FDA, ISO 10993, and Class VI medical compliance standards, LSR is an appropriate material for the medical industry.
Because of its longevity, versatility in moulding techniques, wide temperature ranges of use, chemical inertness, high tensile strength, wide range of available durometers, biocompatibility, and compatibility with numerous sterilisation techniques, silicone is the preferred material among medical device manufacturers.
The North America market will account for the biggest revenue share in 2021, owing to expanding demand in the construction and consumer goods sectors, as well as increased automobile manufacturing in countries such as the United States and Canada. Furthermore, significant improvements in medical grade LSR, electrical & electronics applications, and medical applications are some of the reasons driving this region's market revenue growth. The Asia Pacific market is predicted to develop at a rapid pace throughout the forecast period, owing to increased demand in the automotive and healthcare industries, as well as easy labour availability in countries like as India, Japan, and China.
WACKER, a chemical manufacturer headquartered in Munich, will open a new silicone production plant in Panagarh, India, on July 5, 2022. This 160-kilometer-northwest-of-Kolkata factory manufactures silicone compounds and rubber for use in electromobility, medical technology, and electrical transmission and distribution.

To know more about the report@ https://www.reportsanddata.com/report-detail/liquid-silicone-rubber-market

Segments covered in the report:

Grade Outlook (Revenue, USD Billion; 2019-2030)

Industrial
Food
Medical

Curing System Outlook (Revenue, USD Billion; 2019-2030)

Injection Molding
Peroxide Cure System
Platinum-based Cure System
Condensation Cure System

Application System Outlook (Revenue, USD Billion; 2019-2030)

Medical Implants
Medical Devices
Sealing, Coatings, and Gaskets
Windshield Wipers Sensors
Dampers
Electrical Insulation
Led Light Components and Panel Buttons
Water Contact Products
Home Appliance Components
Infant Care Products
Others

End-Use Outlook (Revenue, USD Billion; 2019-2030)

Healthcare Sector
Automotive Industry
Electronics Industry
Consumer Goods
Others

Key Attentions of Liquid Silicone Rubber Market Report:

The report offers a complete and broad perspective on the global Liquid Silicone Rubber Market.
The market statistics depicted in the various Liquid Silicone Rubber Market segments give a complete picture of the industry.
The market growth drivers and challenges affecting the development of the Liquid Silicone Rubber Market are analyzed in detail.
The report will aid in the analysis of key competitive market scenarios and Liquid Silicone Rubber Market dynamics.
Major players, Liquid Silicone Rubber Market key companies, investment feasibility, and study of new market entrants are offered.
The scope of development of the Liquid Silicone Rubber Market in each market segment is covered in this report.
The macro and microeconomic factors that influence the Liquid Silicone Rubber Market progress are detailed in this report.
The upstream and downstream components of the Liquid Silicone Rubber Market and a complete value chain are explained.

Ask for Customize Research Report @ https://www.reportsanddata.com/request-customization-form/1548

Key Regional Markets Covered in the Report:

North America (U.S.A., Canada, Mexico)
Europe (Italy, U.K., Germany, France, Rest of Europe)
Asia Pacific (India, China, Japan, South Korea, Australia, Rest of Asia Pacific)
Latin America (Chile, Brazil, Argentina, Peru, Rest of Latin America)
Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of Middle East & Africa)

Browse More Related Research Reports:

Printer Ink Cartridges Market: https://www.reportsanddata.com/report-detail/printer-ink-cartridges-market
Aluminum Gallium Indium Phosphide Semiconductor Market: https://www.reportsanddata.com/report-detail/aluminum-gallium-indium-phosphide-semiconductor-market
Bio-Aromatic Polyester Polyols Market: https://www.reportsanddata.com/report-detail/bio-aromatic-polyester-polyols-market

About Us:
Reports and Data is a market research and consulting company that provides syndicated research reports, customized research reports, and consulting services. Our solutions purely focus on your purpose to locate, target, and analyze consumer behavior shifts across demographics, across industries, and help clients to make smarter business decisions. We offer market intelligence studies ensuring relevant and fact-based research across multiple industries, including Healthcare, Touch Points, Chemicals, Products, and Energy. We consistently update our research offerings to ensure our clients are aware of the latest trends existent in the market. Reports and Data has a strong base of experienced analysts from varied areas of expertise. Our industry experience and ability to develop a concrete solution to any research problems provides our clients with the ability to secure an edge over their respective competitors.

Nikhil Morankar
Reports and Data
+ 12127101370
email us here
Visit us on social media:
Facebook
Twitter
LinkedIn

Legal Disclaimer:

EIN Presswire provides this news content "as is" without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the author above.