Medical Grade Silicone Market Worth $7.23 Billion by 2021 - Growing Demand From APAC Region - Research and Markets
DUBLIN, August 11, 2016 /PRNewswire/ --
Research and Markets has announced the addition of the "Medical Grade Silicone Market - Global Trends & Forecast to 2021" report to their offering.
The market size of medical grade silicone is projected to reach USD 7.23 billion by 2021 at a CAGR of 9.4%, between 2016 and 2021.
The demand for medical grade silicone is high as they have excellent conductivity, tensile strength, long life span, and thermal stability. The growing demand from the Asia-Pacific region and the increasing application sectors such as implants, dental tools, drug delivery devices, prosthetics, syringes, and disposable medical devices fuel the demand growth of medical grade silicone in the global medical grade silicone market.
With the growing demand for disposable devices, the demand for liquid silicone rubber (LSR) has also increased. Plastic injection molding companies have drifted into the LSR field to increase their hold and to cater the needs of the healthcare sector. Liquid silicone rubber (LSR) is pure platinum-cure silicone that has properties such as biocompatibility, clearness, chemical & bacterial resistance, and resistance to high temperatures. LSR is being used in the manufacture of medical equipment parts that involve high accuracy such as sealing membranes, electric connectors, seals, infant care products such as bottle nipples, and multiple medical applications.
Asia-Pacific is estimated to be the fastest-growing market of medical grade silicone. The region is projected to be growing at a high rate in the medical silicone market due to the increasing application market, such as prefilled syringes, prosthetics, surgical implants, catheters, medical tapes, APIs, DDS, and others.
The rapidly growing demand in end-use applications, competitive manufacturing costs, and high economic growth rate are the favorable forces for the growth of the medical grade silicone market in the region. These factors are attracting companies to adopt expansion and R&D strategies in the Asia-Pacific region.
Companies Mentioned:
- 3M Company
- Bluestar Silicones (Elkem Group)
- Dow Corning
- Henkel Ag & Co.
- Momentive Performance Materials Inc.
- Nusil Technology Llc
- Shin-Etsu Chemical Co. Ltd.
- Specialty Silicone Fabricators, Inc.
- Wacker Chemie Ag
- Zodiac Coating
Key Topics Covered:
1 Introduction
2 Research Methodology
3 Executive Summary
4 Premium Insights
5 Market Overview
6 Industry Trends
7 Medical Grade Silicone, By Product Form
8 Medical Grade Silicone, By Application
9 Medical Grade Silicone, By Region
10 Competitive Landscape
11 Company Profiles
For more information visit http://www.researchandmarkets.com/research/2g8m2n/medical_grade
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SOURCE Research and Markets
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