Liquid Silicone Rubber Market - Forecast(2022 - 2027)
Liquid Silicone Rubber Market Overview Liquid Silicone Rubber market size is forecast to reach US$3.7 billion by 2026, after growing at a CAGR of 8.1% during 2021-2026. Liquid Silicone Rubber is a thermoset elastomer that has both, organic and inorganic characteristics. Injection Molding process is used to produce durable and pliable parts of Liquid Silicone Rubber in high volumes. Liquid Silicone Rubber being a thermosetting polymer has excellent properties- stability under extreme temperatures, flame retardancy, radiation resistance, chemical resistance, high insulation resistance, durability, high dielectric strength and good mechanical properties. These unique characteristics make Liquid Silicone Rubber highly valuable and versatile. Therefore, it has a broad spectrum of applications in various industries. Some of the prominent trends that the market is seeing are raising demand for greater safety and security. The Medical industry is witnessing a huge demand for disposable medica...