Global Liquid Silicone Rubber Market hit to grow at a CAGR of 9.1% during the forecast by 2024
Analysis of Global Liquid Silicone Rubber market report: Global Liquid Silicone Rubber Market accounted for USD 884.3 million in 2016 and projected to grow at a CAGR of 9.1% during the forecast period of 2017 to 2024. The upcoming market report contains data for historic years 2014, 2015, the base year of calculation is 2016 and the forecast period is 2017 to 2024. Definition: Liquid silicone rubber possesses exceptional elasticity that gets into its normal shape after stretching. Liquid silicone rubber deals with different qualities for instance, hardness, tensile strength, and compression set. Moreover it is bacteria resistant and also water repellent. It has its wide application in automotive, medical, electrical & electronics, and consumer goods. Increasing demand for LSR-based products in the healthcare industry, and increase in demand for LSR in the electrical & electronics industry may act as the major driver in the growth of Liquid silicone rub