Global Liquid Silicone Rubber Injection Molding Machine market will reach 178.98 million US$ by the end of 2025

Publisher: QYResearch
Published Date: 2019/8/9

The liquid silicone rubber injection molding machines have made a significant impact on the medical sector due to its special properties. These machines are chemical and heat resistant and are exceptionally durable. It also includes factors such as easy sterilization, biocompatibility, and transparency that are expected to fuel the growth of the market during the forecast period. In the automotive sector, the LSR injection molding machine has high thermal stability, tear resistance, tensile strength, and fatigue properties that makes it an excellent choice for the components, which are used under the hood of the vehicles.

In addition, the market is also witnessing growth due to increasing demand for consumer products such as plastic showerheads, bottle dispensers, kitchen bakeware, and electronic gadgets. Other factors such as valves and gauges, lighted panel buttons, and membranes and seal rings are also estimated to increase the demand for liquid silicone rubber injection molding machine.

The analysts predict that the global liquid silicone rubber (LSR) injection molding machine market was valued at US$98.28 mn in 2018 and is estimated to reach US$178.98 mn by 2025. The market will register a CAGR of 8.93% throughout the forecast period.

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