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Liquid Silicone Rubber Industry- Regional SynopsisAPAC Market Forecast

August 23, 2024
Liquid Silicone Rubber Industry- Regional SynopsisAPAC Market ForecastThe liquid silicone rubber market in Asia Pacific  is poised to garner the highest share of about 30% over the forecast period, backed by growing demand for automotive.
 
As per predictions, approximately 36 million passenger automobiles were sold in the Asia-Pacific area in 2022,  including the Middle East, with approximately 22 million of the majority of sales occurring in China.
 
LSR gaskets, valves, O-rings, grommets, sealed connectors, single wire seals,  and various other molded automotive parts that must adhere to strict standards andl specifications are necessary for  high-performance automotive.
 
Hence, with the growing demand for automobiles, the market demand in this region is also growing.
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