According to a market report by Lucintel, the future of the liquid silicone rubber market looks promising with opportunities in the electrical & electronics, consumer goods, automotive, and medical industries. The liquid silicone rubber market is expected to grow with a CAGR of 8% from 2019 to 2024. The major growth drivers for this market are increasing demand for LSR-based products in the healthcare industry and increase in demand for LSR in the electrical & electronics industry.
In this market, industrial grade, medical grade, and food grade are the major grade type segments. Industrial grade is the largest grade type.
Within the liquid silicone rubber market, electrical & electronics, consumer goods, automotive, and medical are the major end use industries. Medical is the largest segment for liquid silicone rubber industrial grade.
North America will remain the largest market over the forecast period due to increasing demand for LSRs in various applications, including automotive, medical, electrical & electronics, and consumer goods.
Dow Corning, Momentive Performance Materials Inc., Wacker, NuSil Technology LLC, Simtec, Shin-Etsu Chemical Co. Ltd, KCC Corporation, Zhejiang Xinan Chemical Industrial Group, and Stockwell Elastomerics Inc. are among the major manufacturers of liquid silicone rubber.
Lucintel, a leading global strategic consulting and market research firm, has analyzed growth opportunities in the liquid silicone rubber market by End Use Industry, grade, and region. Lucintel has prepared a comprehensive research report entitled " Liquid Silicone Rubber Market 2019-2024: Trends, Forecast, and Opportunity Analysis". This Lucintel report serves as a catalyst for growth strategies, as it provides comprehensive data and analysis on trends, key drivers, and directions. The study includes trends and forecast for the liquid silicone rubber market by grade, end use industry, and region as follows:
By Grade [$M shipment analysis for 2013 – 2024]:
• Industrial Grade
• Medical Grade
• Food Grade
By End Use Industry [$M shipment analysis for 2013 – 2024]:
• Electrical & Electronics
• Consumer Goods
• Automotive
• Others
By Region [$M shipment analysis for 2013 – 2024]:
• North America
• Europe
• Asia Pacific
• Middle East & Africa
• South America
More than 150 page research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or click on this link …[email protected].
About Lucintel
Lucintel, the premier global management consulting and market research firm, creates winning strategies for growth. It offers market assessments, competitive analysis, opportunity analysis, growth consulting, M&A, and due diligence services to executives and key decision-makers in a variety of industries. For further information, visit www.lucintel.com.

This report answers following 11 key questions:
Q.1.What are some of the most promising potential, high growth opportunities for the Liquid silicone rubber market by grade (industrial grade, medical grade, and food grade), end use industry (electrical & electronics, consumer goods, automotive, and medical), and region (North America, Europe, Asia Pacific, the Middle East & Africa, and South America).
Q.2.Which segments will grow at a faster pace and why?
Q.3.Which regions will grow at a faster pace and why?
Q.4.What are the key factors affecting market dynamics? What are the drivers and challenges of the liquid silicone rubber market?
Q.5.What are the business risks and threats to the liquid silicone rubber market?
Q.6.What are emerging trends in the liquid silicone rubber market and the reasons behind them?
Q.7.What are some changing demands of customers in the liquid silicone rubber market?
Q.8.What are the new developments in the liquid silicone rubber market? Which companies are leading these developments?
Q.9.Who are the major players in the liquid silicone rubber market? What strategic initiatives are being implemented by key players for business growth?
Q.10.What are some of the competitive products and processes in the liquid silicone rubber market, and how big of a threat do they pose for loss of market share via material or product substitution?
Q.11.What M & A activities took place in the last five years in the liquid silicone rubber market?