QY Research has recently released its new report, titled “Global Liquid Silicone Rubber Injection Molding Machine Market Professional Survey Report 2019”, which provides unique insight into the market during the forecast period. The report covers various aspects that are contributing to the growth of the global liquid silicone rubber injection molding machine market. The report has also provided crucial information about the elements that are driving and impacting the sales of the market. Competitive landscape is the utmost important section of the report that describes the key players functioning in the market.
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.
Global Liquid Silicone Rubber Injection Molding Machine Market: Trends and Opportunities
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.
Global Liquid Silicone Rubber Injection Molding Machine Market: Geographical Outlook
Asia Pacific is the largest growing region for the liquid silicone rubber injection molding machine market due to high economic growth rate, rapidly increasing demand in the healthcare sector, and growing research and development activities. North America is also expected to lead the liquid silicone rubber injection molding machine market because of the growing demand for medical devices, equipment, and implants.
Global Liquid Silicone Rubber Injection Molding Machine Market: Segment Analysis
The global liquid silicone rubber injection molding machine market is segmented into application and product type. The application segment includes building, automotive, industrial, electronics, consumer goods, and medical. Medical segment is the largest growing segment in the LSR injection molding machine market due to rising demand for healthcare products. The product type segment includes the automatic type and semi-automatic type.
Global Liquid Silicone Rubber Injection Molding Machine Market: Leading Manufacturers
The top players that are operating in the global liquid silicone rubber injection molding machine market are Tayu Machinery, Arburg, Riva Machinery, Engel, MULTIPLAS ENGINERY, Tianyuan Technology, Yizumi, Nissei Plastic, SODICK, and FUICHA.
Global Liquid Silicone Rubber Injection Molding Machine Market: Competitive Landscape
Engel has launched its new Engel Technology Centre Innovation at Schwertberg, Austria. The company has created its pilot plant for vertical integration in injection molding and supports the customers to implement the smart factory in more detailed. This Technology Centre is the latest expansion at the Engel’s headquarters.