Liquid Silicone Rubber to Account for Lion’s Share in Europe Silicone Rubber Market through 2031
Europe silicone rubber market research report published by Fact.MR offers an in-depth outlook of major factors pushing sales and demand in the industry. The report further delivers elaborate insights into the recent industry developments, drivers, and challenges across major segments, including type, application, and end-use for the forecast period (2022-2031).
NEW YORK, May 24, 2022 /PRNewswire/ — Europe silicone rubber market size is expected to reach a valuation of US$ 1.6 Bn by the end of 2022. Growth in the market is attributed to the rising application of liquid silicone rubber in healthcare, construction, and automotive industries.
With growing adoption of electric car across the globe, need for safe autonomous automobiles is increasing. On the back of this, demand for silicone rubber is expected to surge. Backed by these factors, Europe silicone rubber market is projected to surpass US$ 2.6 Bn by 2031.
Application of silicone rubber in automotive industry as tire additives,…
