Liquid Silicone Rubber Injection Molding Machinery Market Size, Share, Growth, and Industry Analysis, By Type (Semi-Automatic Type and Automatic Type), By Application (Automotive, Electronic, Medical, Consumer Goods, Industrial, Building), and Regional Forecast to 2028

Updated On: 08 April 2024

Report Overview

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The global liquid silicone rubber injection molding machinery market size was USD 140.5 million in 2022. As per our research, the market is expected to reach USD 232 million by 2028, exhibiting a CAGR of 8.7% during the forecast period. The global COVID-19 pandemic has been unprecedented and staggering, with the liquid silicone rubber injection molding machinery market experiencing higher-than-anticipated demand across all regions compared to pre-pandemic levels. The sudden rise in CAGR is attributable to the market's growth and demand returning to pre-pandemic levels once the pandemic is over.

Liquid silicone rubber (LSR) injection molding machinery is a type of machine that is used to create parts from liquid silicone rubber (LSR). LSR is a versatile material that can be used to create a wide variety of parts, including medical devices, electronic components, and automotive parts.

The process of LSR injection molding involves injecting a liquid mixture of LSR into a mold. The mold is then closed and heated, which causes the LSR to cure and form the desired part. Liquid silicone rubber injection molding machinery can be used to create parts with a variety of shapes and sizes. The size of the machine will depend on the size of the parts that are being produced.

COVID-19 Impact: Pandemic Decreased the Market Demand

The COVID-19 pandemic has had a significant impact on the liquid silicone rubber injection molding machinery market share. The lockdowns and travel restrictions imposed by governments around the world disrupted the supply chain for Liquid silicone rubber injection molding machinery. This led to delays in the delivery of machines and spare parts, and increased the cost of doing business. The COVID-19 pandemic also led to a decline in demand for Liquid silicone rubber injection molding machinery from end-use industries, such as automotive, medical, and electronics. This was due to the closure of factories and businesses, and the slowdown in economic activity. The uncertainty about the future of the COVID-19 pandemic also discouraged investment in new Liquid silicone rubber injection molding machinery. Businesses were reluctant to make long-term commitments, as they were unsure about the demand for their products in the future.

Latest Trends

"Rise of 3D printing technology is expected to fuel the growth in the market"

3D printing is a rapidly growing technology that is being used to create a wide variety of products, including medical devices, electronics, and automotive parts. Liquid silicone rubber injection molding machinery is a popular material for 3D printing because it is easy to process and can be used to create complex parts with fine details. Liquid silicone rubber (LSR) is a versatile material that can be used for a variety of 3D printing applications. It is easy to process and can be used to create complex parts with fine details. LSR is also a biocompatible material, making it suitable for medical applications. Liquid silicone rubber injection molding machinery is a liquid material that can be easily processed using a variety of 3D printing methods, such as stereolithography (SLA), digital light processing (DLP), and selective laser sintering (SLS). Liquid silicone rubber injection molding machinery can be used to create complex parts with fine details. This is because the liquid material can be cured layer by layer, allowing for precise control over the shape and size of the part.

Segmentation

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• By Type Analysis

According to type, the market can be segmented into semi-automatic type and automatic type.

• By Application Analysis

Based on age, the market can be divided into automotive, electronic, medical, consumer goods, industrial, building.

Driving Factors

"Increasing demand for medical devices to foster the market growth"

The global population is aging, and this is leading to an increase in the incidence of chronic diseases, such as heart disease, cancer, and diabetes. These diseases require the use of medical devices, such as pacemakers, insulin pumps, and artificial joints. The rise of chronic diseases is also driving the growth of the medical device market. Chronic diseases are long-term conditions that require ongoing treatment, and this often involves the use of medical devices. Liquid silicone rubber injection molding machinery is biocompatible, meaning that it is not toxic to the human body. This makes it suitable for use in medical devices that come into contact with the body, such as implants and contact lenses. LSR is also low in toxicity, meaning that it does not release harmful chemicals into the body. This is important for medical devices that are implanted in the body or that are used for long periods of time. LSR has high mechanical properties, such as strength and durability. This makes it suitable for use in medical devices that are subjected to wear and tear, such as artificial joints. LSR is resistant to a variety of chemicals, making it suitable for use in medical devices that come into contact with liquids or other chemicals.

"Growing demand for electronics to result in the expansion of the market"

Smartphones are becoming increasingly popular, and this is driving the demand for electronic components, such as LSR. Tablets are also becoming increasingly popular, and this is driving the demand for electronic components, such as LSR. LSR has a high dielectric strength, meaning that it can withstand high voltages without breaking down. This makes it suitable for use in electronic components that are exposed to high voltages, such as capacitors and connectors. LSR has low moisture absorption, meaning that it does not absorb moisture from the air. This is important for electronic components that are used in humid environments, such as smartphones and tablets. LSR has good thermal conductivity, meaning that it can transfer heat away from electronic components. This is important for electronic components that generate heat, such as transistors and resistors.

Restraining Factors

"Limited availability to hamper the market growth"

LSR is not as widely available as some other materials, such as plastics. This can make it difficult to find a supplier and can also lead to higher prices. The production and disposal of LSR can have an environmental impact. This is an area of growing concern, and it is likely to become a more important factor in the future.

Regional Insights

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"Asia Pacific to lead the market owing to growing demand from the automotive industry"

The Asia Pacific region has shown the highest liquid silicone rubber injection molding machinery market growth. The automotive industry is a major user of LSR, and the demand for LSR is expected to grow in this region due to the increasing production of electric vehicles and self-driving cars. The rising disposable income in the Asia Pacific region is leading to an increase in the demand for consumer goods, such as smartphones and tablets. These products use LSR in their components.

Key Industry Players

"Key players are employing advanced technologies in order to stimulate further growth of the market"

All the major players are motivated to offer superior and more advanced services in order to gain a competitive edge in the market. To increase their market presence, vendors are using a variety of techniques, including product launches, regional growth, strategic alliances, partnerships, mergers, and acquisitions.

List of Market Players Profiled

• Arburg: Lossburg, Germany
• Engel: Schwertberg, Austria
• Tianyuan Technology: Changzhou, China
• Nissei Plastic: Tokyo, Japan
• FUICHA: Shanghai, China
• SODICK: Oyama, Japan
• Yizumi: Osaka, Japan
• MULTIPLAS ENGINERY: Buchs, Switzerland
• Riva Machinery: Concorezzo, Italy
• Tayu Machinery: Taichung, Taiwan

Report Coverage

This report examines an understanding of the liquid silicone rubber injection molding machinery market’s size, share, growth rate, segmentation by type, application, key players, and previous and current market scenarios. The report also collects the market’s precise data and forecasts by market experts. Also, it describes the study of this industry’s financial performance, investments, growth, innovation marks, and new product launches by the top companies and offers deep insights into the current market structure, competitive analysis based on key players, key driving forces, and restraints that affect the demand for growth, opportunities, and risks.

Furthermore, the post-COVID-19 pandemic’s effects on international market restrictions and a deep understanding of how the industry will recover, and strategies are also stated in the report. The competitive landscape has also been examined in detail to provide clarification of the competitive landscape.

This report also discloses the research based on methodologies that define price trend analysis of target companies, collection of data, statistics, target competitors, import-export, information, and previous years’ records based on market sales. Moreover, all the significant factors which influence the market such as small or medium business industry, macro-economic indicators, value chain analysis, and demand-side dynamics, with all the major business players have been explained in detail. This analysis is subject to modification if the key players and feasible analysis of market dynamics change.