The Liquid Injection Molding market is projected to register a CAGR of 6.62% during the forecast period (2021- 2026).
Liquid injection molding (LIM) is an industrial fabrication process, generally used to make broad range of products. LIM differs from normal injection molding processes, as it depends upon mechanical mixing rather than impingement mixing by pressure. Mixing process in LIM is mainly focuses on liquid silicon rubber (LSR), fluoro silicon rubber (F-LSR), and similar elastomeric materials. Due to the superior quality of end products with durability, flexibility, accuracy, and tensile strength, the demand for LIM has increased among many producers of rubber parts.
A detailed report on Global Liquid Injection Molding Market providing a complete information on the current market situation and offering robust insights about the potential size, volume, and dynamics of the market during the forecast period, 2021-2027.
Top Key Players in Liquid Injection Molding market: Dow Corning Corporation (U.S.), Wacker Chemie AG (Germany), China National Bluestar Co. Ltd. (China), Shin-Etsu Chemical (Japan), Specialty Silicone Products (U.S.), Nissei Plastic Industrial Co., Ltd, (Japan), Engel Austria GmbH (Austria), KCC Corporation (South Korea), Reiss Manufacturing Inc. (U.S.), Zhenjian Xinan Chemical Industrial Group Co., Ltd. (China), and Momentive Performance Materials Inc. (U.S.).
Regional Analysis For Liquid Injection Molding Market:
Besides segmental breakdown, the report is highly structured into region wise study. The regional analysis comprehensively done by the researchers highlights key regions and their dominating countries accounting for substantial revenue share in the Liquid Injection Molding market. The study helps understanding how the market will fare in the respective region, while also mentioning the emerging regions growing with a significant CAGR. The following are the regions covered in this report.
Liquid Injection Molding Market Outlook
North America is a lucrative market for liquid injection molding products. The U.S market consumes and manufactures a significant amount of the world’s silicon rubber due to its large applications in medical devices, automobile, and electronics devices. According to International Trade Administration (ITA), the U.S. is the largest end user of medical device. The U.S medical device market valued over US$140 billion, which accounted for nearly 45 % of the global medical equipment market in 2015. Apart from this U.S, Canada, and Mexico have large markets for automotive parts, which employ liquid injection molding. Therefore the increasing demand for medical equipment and automobile along with daily consumer goods, has increased the demand for liquid injection molded products, in turn projected to fuel market growth over the forecast period.
Liquid Injection Molding Market Key Developments:
- On 26th April 2019, Nissei Plastic Industrial Co., Ltd., developed a hybrid type vertical injection molding machine “TWX220RIII25V,” which offers one of the industry’s lowest machine heights along with a 2,110kN (220ton) clamping force. This machine was made available to the customers from the 1st of May 2019. This launch helped the company in attracting automotive and electronic part manufacturers from the nearby region.
- On 13th November 2017, Wacker Chemie AG launched ELASTOSIL LR 5040, its non-post curing liquid silicone rubber grade for medical applications at the 21st international Trade Fair for Plastics and Rubber K 2019 in Düsseldorf, Germany. ELASTOSIL LR 5040 is easily processed by injection molding. This launch contributed towards facilitating rapid, and efficient production under all conditions.
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