Silicone Rubber Market: Global Upcoming Demand & Growth Analysis up to 2030
Silicone Rubber Market Analysis Silicone Rubber Market is estimated to grow at a CAGR 7.5% from 2023 to 2030, states the latest Market Research Future (MRFR) report. Silicon rubber is basically an elastomer that contains oxygen, hydrogen, carbon, silicon polymer, and fillers for property modification. It is highly valued for its excellent characteristics of elongation, fire and temperature resistance, good thermal conductivity, and high tear strength. Various factors are propelling the silicone rubber market growth. Such factors, as per the latest Market Research Future report, include growing application in medical device and plastics industry, surplus use of liquid silicone rubber to produce household goods including lampshades, bread molds, jelly molds and ice cube, mats, and protective gloves, growing demand from the healthcare sector, electronics and automotive industries, and characteristics such as heat and chemical resistance. Additional factors pushing the si...