What is LSR?

Liquid Silicone Rubber (LSR) is aplatinum-cured elastomer that can be injected into a mold cavity to manufacture a part. LSR starts out as a 2-part liquid that cures into a solid form when mixed together. LSR is a versatile rubber in the elastomer industry and has a wide range of end-uses from medical devices to consumer goods to electronics to automotive. For example, LSR can be found in catheters, stents, windshield wiper blades, LED headlights, adhesives, microwaves, seals, and grommets.

There are several types of LSR that can be manufactured such as medical, self-lubricating, conductive, flame-retardant, and radio opaque. The type of LSR produced is determined by the additives incorporated during the manufacturing process. Additionally, LSR is available in different grades, namely medical, food, and industrial.

LSR has many attractive properties such as durability, low viscosity, chemical and temperature resistance, and flexibility, but its biocompatibility is outstanding. LSR has demonstrated superb compatibility with human tissue and body fluids, and is resistant to bacteria growth. Medical grades of LSR are temperature resistance and can easily sterilize, which makes them compatible with various medical devices and accessories such as implantable devices, liquid feeding bottles, dialysis filters, and oxygen mask instruments.

LSR MarketPredictions through 2026

The LSR market is forecasted to steadily grow over the next 5-10 years and some sources estimate the global market for LSR will reach a valuation of US$ 7.9 billion by 2026. Additionally, the global LSR market is forecasted to have a Compound Annual Growth Rate, or CAGR, of 4.5% through 2026 which is considered moderate growth. (Note: CAGR is considered a good measure of an investment’s return over time compared to annual return figures that do not account for compounding).

This growth is attributed to several factors. First, enhancements to the physical properties of LSR is expected to allow LSR to continue to replace traditional rubber materials in various applications. Additionally, injection molding of LSR produces consistent parts, cycle to cycle, and is a low-cost option for part manufacturing; for these reasons, LSR injection molding continues to expand into new markets, driving the continued demand for LSR.

LSR growth is also attributed to several societal factors such as growing demand for LSR in equipment and surgical tools necessary to treat the rising geriatric population and the growing awareness about health concerns, accelerated demand within the electronics industry due to continued innovation and technology advancements, as well as global urbanization and standard of living increases.  The industries that are expected to demonstrate the highest demand for LSR are medical and automotive.

Among the various grades of LSR, medical grade is expected to continue to hold the largest global market share. Moreover, stricter regulations and compliances of many specifications for use in medical products are further projected to drive the overall market growth. In addition, replacement of latex with LSR in impactable devices is expected to provide new opportunities for LSR applications.

The LSR market is segmented across five regions: Asia Pacific, North America, Europe, Latin America, and the Middle East & Africa (MEA). Among these, Asia Pacific is expected to continue as the largest marketplace for LSR, estimated at 35% of global market share, due to demand for the product in electrical & electronics and medical applications. Other factors contributing to the market growth are the easy access to raw material and favorable government policies. China and India are the strongest country-based markets in the Asia-Pacific region since distribution networks are well established and many LSR players have a strong presence in these countries.

The North America market, the United States in particular, is also forecasted to grow due to increasing usage of LSR in the electronics industry as well asincreased expenditures on, and technological advances of, medical devices. Europe is also forecasted to grow LSR demand due to growing demand for lightweight material in the automobile sector. Additionally, multinational companies are focusing on collaboration,and perhaps even joint ventures, with distributors to achieve sustainable growth. The Latin America and MEA regions are also expected to observe LSR market growth due to increasing demand for growing usage of LSR in consumer goods and healthcare industries.

The LSR market faces a couple key challenges including minimization of the carbon footprint associated with LSR production, and improvement of LSR’s reusability and disposability. But even with these challenges, the LSR market is forecasted to have moderate growth across all 5 regions as LSR usage expands to even more markets.

Contact ProMed today at 763-331-3800 to find a solution to your medical molding needs.

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2019 & Beyond - What the LSR Material Market is Predicting
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2019 & Beyond - What the LSR Material Market is Predicting
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Liquid Silicone Rubber (LSR) is aplatinum-cured elastomer that can be injected into a mold cavity to manufacture a part.....
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ProMed Molding
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