The Global Liquid Silicone Rubber Market is projected to reach USD 3.6 Billion by 2026, exhibiting a CAGR of 8.1% over forecast period 2020-2026. Rising geriatric population, increasing demand from medical, automotive and food packaging industries coupled with increased demand for medical implants are propelling the market growth.
Silicones are manufactured from quartz sand which is available in abundant quantities. The production process adopted by major players involve silicon monomers within closed-loop based on Muller-Rochow process thus creating precursors for a variety of silicone products. Sustainable production practices are followed by industry manufacturers which are highly integrated and used immediately in the production loop with an assurance over no generation of waste. Waste heat is also recovered for use that enhances system’s energy efficiency in the long term.
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