Due to increased demand from numerous end-use industries, including among others the automotive, consumer goods, medical, and electronics industries, the market for liquid silicone rubber injection moulding equipment is expanding globally. Due to its qualities including flexibility and high-temperature resistance, silicone is being increasingly preferred over other materials, which is another driver driving the market. Additionally, technological developments in injection moulding equipment are driving the market since they allow manufacturers to build complicated items with more accuracy and precision.
The rising demand for LSR injection moulding machinery from the automotive, medical, and consumer goods industries is what propels the market. Liquid silicone rubber injection moulding machines are used to create items (LSR).
LSR is an adaptable substance that can be employed in a variety of applications that call for flexibility, toughness, and heat resistance. It is also chemically resistant and has a low level of toxicity, which makes it perfect for usage in medicinal applications.
Equipment for injecting liquid silicone rubber (LSR) has a number of benefits over conventional rubber injection moulding equipment. To make a range of parts and goods, moulds can be injected with LSR, an extremely viscous liquid version of silicone. Using LSR injection moulding technology allows for the production of incredibly accurate and detailed parts and products, which is one of its main benefits. Compared to conventional rubbers, LSR is less prone to induce warping or other flaws in the final product. LSR can also be injected at considerably lower temperatures than conventional rubbers, which lowers energy costs and helps guard against heat damage to delicate electronic components. The adaptability of LSR injection moulding machinery is another benefit. LSR is the perfect material for producing complex parts with elaborate designs since it can be moulded into a broad range of forms and sizes. LSR can also be utilised to produce prototypes or small-batch production runs without the requirement for lengthy lead periods because it cures quickly. Last but not least, LSR injection moulding equipment is incredibly reliable and robust. Because LSR-molded components can withstand high temperatures, corrosive substances, and UV rays, they are perfect for situations where conventional rubbers would quickly deteriorate.
Equipment for liquid silicone rubber injection moulding is used to create parts and items from liquid silicone rubber (LSR). The two major components of LSR, a form of elastomer, are silicone oil and base polymer. The automotive, electronic, medical, consumer goods, industrial, and building industries can all benefit from LSR's versatility, toughness, and heat resistance.
The market for liquid silicone rubber injection moulding equipment will see an 8.9% CAGR in terms of revenue, growing from $ 122.4 million in 2021 to $ 219.8 million in 2031.
The high cost of the equipment, the shortage of qualified staff to operate the equipment, and the requirement for a dry and clean atmosphere for the operation of the equipment are the reasons limiting the market for liquid silicone rubber injection moulding equipment. However, due to growing industrialization and higher disposable incomes, the market offers enormous prospects for expansion in developing economies.
Wittmann Battenfeld GmbH, Engel Austria GmbH, Arburg GmbH & Co. KG, KraussMaffei Technologies GmbH, JSW Plastics Machinery Inc., Husky Injection Molding Systems Ltd., Nissei Plastic Industrial Co., Ltd., Sumitomo Heavy Industries Ltd., Toyo Machinery & Metal Co., Ltd., and Fanuc Corporation are a few of the major companies in the Liquid Silicone Rubber Injection Moulding Equipment market.
The Automatic Type to Emerge as the Most Lucrative Segment
In terms of type, the market has been segmented into semi-automatic type and automatic type. Due to its low cost and simplicity of use, the semi-automatic segment is anticipated to command a significant part of the global market for liquid silicone rubber injection moulding equipment. Due to the increased demand for sophisticated and automated equipment across a range of end-use industries, the automatic sector is anticipated to expand at a higher CAGR over the forecast period.
The Most Popular Application Segment in Automotive
The market has been divided into segments based on application, including Automotive, Electronic, Medical, Consumer Goods, Industrial, and Building. Due to the rising demand for lightweight and long-lasting parts and components in automobiles, the automotive industry is thought to be the biggest consumer of liquid silicone rubber injection moulding equipment. Due to the increased demand for LSR injection-moulded items such as catheters, stoppers, and seals from the healthcare industry, the medical sector is anticipated to develop at the greatest CAGR over the projection period.
North American region to render Adequate Financing Avenues
The market has been divided into segments according to region, including North America, South America, Asia Pacific, Europe, the Middle East, and Africa. Due to the abundance of manufacturers and suppliers in this area, North America led the global market for liquid silicone rubber injection moulding equipment in 2020 and is anticipated to continue dominating it during the forecast period. According to estimates, during the next 10 years, the Asia Pacific area would experience the fastest growth in the market for LSR injection moulding equipment.
COVID-19 Impact and Market Status
The worldwide market for liquid silicone rubber injection moulding equipment has been significantly impacted by the Covid-19 epidemic. The epidemic has had a significant impact on the automobile and electronic industries, two key end consumers of this equipment. The automobile industry is anticipated to rebound starting in 2021 as output picks up across the board, while the electronic industry is anticipated to reach pre-pandemic levels by 2022. Over the projected period, it is anticipated that demand for this equipment will increase significantly in the consumer goods and medical industries.
Latest Innovations in the Global Liquid Silicone Rubber Injection Moulding Equipment Market: A Snapshot
• Automatic Liquid Silicone Rubber Injection Moulding Equipment use is growing: The market for liquid silicone rubber injection moulding equipment is not an exception to the trend of automating numerous operations in many sectors. A growing number of end-use sectors are utilising automatic liquid silicone rubber injection moulding equipment due to the many advantages they provide, including greater production, safety, and efficiency.
• The constant development of novel materials that can be utilised in this equipment is required due to the rising demand for liquid silicone rubber injection moulding equipment from a variety of end-use sectors. As a result, new materials have been created, including silicone rubbers that can withstand high temperatures and can be utilised for moulding machinery.
Liquid Silicone Rubber Injection Molding Equipment Market Scope
|Forecast Unit||Value (USD)|
|Revenue forecast in 2031||$ 219.8 million|
|Growth Rate||CAGR of 8.9% during 2021-2031|
|Segment Covered||by Type, By Application, Regions|
|Regions Covered||North America, Europe, Asia Pacific, South America, Middle East and Africa|
|Key Players Profiled||Wittmann Battenfeld GmbH, Engel Austria GmbH, Arburg GmbH & Co. KG, KraussMaffei Technologies GmbH, JSW Plastics Machinery Inc., Husky Injection Molding Systems Ltd., Nissei Plastic Industrial Co., Ltd., Sumitomo Heavy Industries Ltd., Toyo Machinery & Metal Co., Ltd., and Fanuc Corporation|
Key Segment of Liquid Silicone Rubber Injection Moulding Equipment Market
By Type Overview 2021-2031, (USD Million)
• Automatic Type
• Semi-Automatic Type
By Application Overview 2021-2031, (USD Million)
• Consumer Goods
By Region Overview 2021-2031, (USD Million)
• Rest of Asia Pacific
• Rest of North America
• Rest of Europe
Middle East and Africa