Rubber Report - 19 June 2017 Rubber Report - 19 June 2017 | DZHI - DZH International 
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Rubber Report - 19 June 2017

  • i2Matrix
  • 19 June 2017
Global LSR market to reach $3.3 billion by 2025
 
NEW YORK—Global demand for liquid silicone rubber 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 compound annual growth rate of 7.9 percent 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 estimated CAGR of around 9 percent from 2016 to 2025. Global LSR revenue in medical applications was $285.6 million in 2015.
 
LSR applications in the medical sector include implants and devices, valves, skin contact devices, infusion pumps, and equipment parts such as sterilized parts.
 
Industrial grade LSR was the largest segment in grade category in 2015 and held 53.5 percent of the overall market revenue. This area is forecast to generate revenue over $1.7 billion by 2025.
 
The automotive sector, it added, includes major applications in manufacturing of LED headlights, wiper blades and several other electronic components.
 
By region, Asia Pacific is projected to witness rapid growth over the next decade, owing to various developments across major economies, especially in the automotive and electronics industry. The regional LSR market is expected to grow at a CAGR of 8.6 percent from 2016 to 2025.
 
-- ERJ

 

 

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THE PEOPLE

Benny Lee

Founder of i2Matrix. A market strategist, private trader and sought-after financial speaker and trainer in the Asian Region, Benny Lee has coached hundreds of professional and retails traders and investors in Malaysia, Singapore, Hong Kong, Thailand, Vietnam, Pakistan for more than 13 years. His passion in trading and chart analysis leads him to develop trading strategies that have helped him and many others to trade and invest successfully in the financial markets.

Benny Lee is recognized by the Malaysian and Singapore Stock Exchange as a Credible Trainer. He has also trained professionals in Malaysia under Securities Commission’s Continuous Professional Education (CPE) Program. He is also a market strategist Jupiter Securities Sdn Bhd, a Malaysian stock-broking firm.

Benny has been invited to share his expert opinion in major commodities and financial events in Malaysia, Singapore, India, Indonesia, Vietnam, Thailand, and Romania. His analysis on the financial markets can also be found on a regular basis in leading financial magazines like Smart Investor, Shares Investment Magazine and The Edge Daily in Malaysia, and Pulses Magazine in Singapore. He has also appeared on TV Financial Programs such as Capital TV (Malaysia), Channel News Asia (Singapore) and Sunbiz (Pakistan) to share his views about the markets and technical analysis.

Today, you can find his market comments regularly on The Financial Edge Daily (Wednesdays), Interview on BFM89.9 (www.bfm.my) business radio station on Mondays at 9.00 am, The Busy Weekly, a Chinese business weekly and Palm Oil Fortune (A monthly magazine by the Malaysian Palm Oil Council, MPOC). His views are also regularly quoted on Bloomberg.

For more information, you can visit them at http://www.i2matrix.com

 

 

Benny Lee's interview with Bloomberg Malaysia