Global LSR market to reach $3.3bn by 2025

New York – Global demand for liquid silicone rubber (LSR) is on course to reach $3.29 billion by 2025, according to a report by Grand View Research Inc.

Market revenue reached $1.5 billion in 2015 and is expected to grow at a CAGR of 7.9% from 2016 to 2025, according to the study.

The market, it said, is being driven particularly in the medical and electronics industries as well as ageing populations and new material developments.

Medical was the fastest growing segment over the forecast period with an…

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