What is the future of liquid silicone?

What is the future of liquid silicone?
Market and Application: Demand for medical-grade LSR is growing by approximately 22% annually; annual shipments of TWS earbuds are approximately 800 million pairs; growth is primarily driven by medical, new energy vehicles, and consumer electronics.
Technology Upgrade: Functionalization and precision development, such as electrical/thermal conductivity, low dielectric constant, self-lubrication, microinjection, and 3D printing, are expanding into sealing, shock absorption, electronic packaging, and personalized medical devices.
Green and Smart Manufacturing: Automated closed-loop manufacturing and waste recycling are increasing material utilization; bio-based and biodegradable LSR are being promoted, aligning with compliance trends such as EU REACH.
China Supply: Production in 2023 is expected to be 75,800 tons, while demand is expected to be 72,400 tons. Domestic companies are accelerating their entry into the high-end market for addition-type high-temperature vulcanized LSR (HTV-LSR), potentially increasing their domestic market share.