Market Challenges And Opportunities

Stringent regulations pertaining to specifications of using liquid silicone rubber in medical devices is expected to be one of the major restraining factors for growth of liquid silicone rubber market. Demand for transparent liquid silicone rubber in optical applications is expected to increase, thus creating lucrative opportunity for manufacturers in terms of revenue.

Silicon rubber finds wide application in the healthcare industry and thus, rampant growth of this sector across the globe is further fueling demand for liquid silicone rubber.

However, stringent regulations pertaining to use of liquid silicone rubber in medical devices is expected to hamper growth of liquid silicone rubber industry over the forecast period (2016–2024). Therefore, the liquid silicone rubber market is expected to witness moderate growth in terms of revenue over the forecast period.