According to the recent study the liquid silicone rubber in the global specialty polymer market is projected to reach an estimated $2.77 billion by 2028 from $1.84 billion in 2023, at a CAGR of 8.5% from 2023 to 2028. Growth in this market is primarily driven by increasing demand from healthcare and food packaging industry due to its biocompatibility and non-toxic properties.

A more than 150-page report is developed to Understand trends, opportunities and forecast in liquid silicone rubber in the global specialty polymer market by grade (food, industrial, and medical), end use industry (healthcare and medical devices, automotive, electrical and electronics, consumer goods, and beauty and personal care), and region (North America, Europe, Asia Pacific, and the Rest of the World).

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“Healthcare and medical devices market is expected to remain the largest segment during the forecast period.”

Based on end user industry, the liquid silicone rubber in the global specialty polymer market is segmented into healthcare and medical devices, automotive, electrical and electronics, consumer goods, and beauty and personal care. Lucintel forecasts that the healthcare and medical devices market is expected to remain the largest segment due to as liquid silicone rubber are widely adopted in manufacturing of devices and equipment for the healthcare industry because of its flexibility and biocompatibility properties.

“Asia pacific will dominate the liquid silicone rubber in the global specialty polymer market in near future”

Asia Pacific region is expected to witness the highest growth during the forecast period due to rapid industrialization, increasing demand for electronic gadgets along with growing automotive industry.

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Major players of liquid silicone rubber in the global specialty polymer market are adopting various growth strategies like new product launches, expansions, merger and acquisitions, partnerships, agreements, and collaborations to expand their presence in this market. Wacker Chemie, Shin-Etsu, KCC Corp, Jiangsu Tianchen are among the major liquid silicone rubber in the global specialty polymer providers.

This unique 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 https://www.lucintel.com/liquid-silicone-rubber-in-specialty-polymer-market.aspx or [email protected]