Liquid Silicone Rubber Market Trends

Growth Drivers

• Surge in Use of Liquid Silicone Rubber in Agriculture: The agricultural industry has experienced significant growth and invention, including disruptors such as precision agriculture, aquaponics (hydroponics), and water desalination. Modern agricultural techniques necessitate cutting-edge innovation (such as bioengineering) for irrigation, precise fertilizer& pesticide application, water filtering, and circulation applications under adverse weather and field erosive circumstances. Hence, the utilization of liquid silicone rubber is on the rise since it offers durability, salt resistance, and hygiene.
• Rise in Demand for Baby Products & Toys: Baby bottles, bottle inserts, nipples, and any other equipment used to gather and preserve breast milk or infant formula are instances of LSR baby products. LSR possesses a natural resistance to many harmful substances due to its molecular structure, and the injection molding technique offers distinctive designs for a range of baby items. Hence, liquid silicone rubber is considered to be the best solution for baby products.
• Growing Application of Liquid Silicone Rubber in Kitchen Products: Liquid silicone rubber, which is used to make bakeware, not only makes it convenient to use additionally prevents food flavors from being affected. Additionally, it is able to tolerate exposure to temperature variations when being baked or frozen. Products made of silicone are simple to clean and maintain their shape even after being cleaned in the dishwasher.

Challenges

• High Cost of Liquid Silicone Rubber
• Low Tear Strength
• Stringent Government Regulations - Government efforts to regulate healthcare costs and a lack of financing for product development are somewhat limiting market expansion. The main obstacles for the market are rigid and cumbersome regulatory laws. A number of developmental issues are brought up by the strict requirements, particularly in the medical sector.