Global Liquid Silicone Rubber (LSR) Market Environment,Product, Industry Overview by 2023

Liquid silicone rubber (LSR) is a type of elastomer with better electrical properties, flame retardancy and chemical stability, and high heat and cold resistivity. These elastomers are used for the production of high quality parts and devices in automotive, medical devices, electrical and electronics, consumer products and others.

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The global Liquid Silicone Rubber market is expected to witness considerable growth during the forecast period (2016-2022). The growth in the global market is being driven by factors such as increasing demand from electrical and electronics, and medical devices industry.

The global liquid silicone rubber market has been categorized on the basis of LSR grade and application. On the basis of grade, the global market has been segmented into industrial grade, medical grade and food grade. Based on application, the global market has been segmented into automotive, medical, electrical and electronics, consumer goods, and others.

Geographically, North America led the global LSR market in 2015, due to the technological advancements in the region and high demand for high quality products in medical, automotive, electrical and electronics industry.

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Some of the key players in the global liquid silicone rubber market are Dow Chemical Company, Wacker Chemie AG, Momentive Performance Materials Inc., China National Bluestar (Group) Co. Ltd., Shin-Etsu Chemical Co. Ltd., Simtec Silicone Parts, LLC and KCC Corporation.