| Product Code: ETC5736420 | Publication Date: Nov 2023 | Updated Date: Nov 2025 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | Author: Sumit Sagar | No. of Pages: 60 | No. of Figures: 30 | No. of Tables: 5 |
The Cape Verde liquid silicone rubber import market in 2024 continued to be dominated by top exporting countries such as Portugal, China, Br. Indian Ocean Terr., Spain, and Belgium. Despite a high Herfindahl-Hirschman Index (HHI) indicating market concentration, the industry experienced a negative compound annual growth rate (CAGR) of -6.35% from 2020 to 2024. Furthermore, the growth rate from 2023 to 2024 saw a significant decline of -25.56%, reflecting challenges in the market dynamics. Stakeholders should closely monitor these trends to adapt their strategies for the Cape Verdean market.
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The liquid silicone rubber (LSR) market in Cape Verde is developing, with applications in sectors such as healthcare, automotive, and consumer goods. LSR is known for its durability, flexibility, and biocompatibility, making it ideal for manufacturing medical devices, seals, and consumer products. The market`s growth is likely to be driven by increasing industrialization and the demand for high-performance materials.
The Cape Verde Liquid Silicone Rubber Market is driven by the growing demand for versatile and high-performance materials in industries such as automotive, electronics, and healthcare. Liquid silicone rubber offers excellent durability, flexibility, and resistance to extreme temperatures. The expanding applications and technological advancements in silicone rubber contribute to market growth.
In the Cape Verde liquid silicone rubber market, challenges include high import costs and the absence of local production facilities. There is also a lack of technical expertise and support for the use and application of liquid silicone rubber. Additionally, limited demand and the need for specialized storage and handling can affect market growth.
The government encourages the growth of the liquid silicone rubber market by supporting advancements in materials technology. Policies focus on ensuring that liquid silicone rubber products meet safety and environmental standards. The government provides incentives for local production and research into new applications for this versatile material.
1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 Cape Verde Liquid Silicone Rubber Market Overview |
3.1 Cape Verde Country Macro Economic Indicators |
3.2 Cape Verde Liquid Silicone Rubber Market Revenues & Volume, 2021 & 2031F |
3.3 Cape Verde Liquid Silicone Rubber Market - Industry Life Cycle |
3.4 Cape Verde Liquid Silicone Rubber Market - Porter's Five Forces |
3.5 Cape Verde Liquid Silicone Rubber Market Revenues & Volume Share, By Grade, 2021 & 2031F |
3.6 Cape Verde Liquid Silicone Rubber Market Revenues & Volume Share, By Application, 2021 & 2031F |
3.7 Cape Verde Liquid Silicone Rubber Market Revenues & Volume Share, By Technology, 2021 & 2031F |
4 Cape Verde Liquid Silicone Rubber Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing demand for liquid silicone rubber in the manufacturing and construction industries in Cape Verde. |
4.2.2 Growing focus on product innovation and development by key market players. |
4.2.3 Favorable government regulations and policies supporting the use of liquid silicone rubber in various applications in the country. |
4.3 Market Restraints |
4.3.1 Fluctuating raw material prices impacting the production cost of liquid silicone rubber. |
4.3.2 Lack of awareness about the benefits and applications of liquid silicone rubber among end-users in Cape Verde. |
4.3.3 Limited availability of skilled labor and technical expertise for the production and application of liquid silicone rubber. |
5 Cape Verde Liquid Silicone Rubber Market Trends |
6 Cape Verde Liquid Silicone Rubber Market Segmentations |
6.1 Cape Verde Liquid Silicone Rubber Market, By Grade |
6.1.1 Overview and Analysis |
6.1.2 Cape Verde Liquid Silicone Rubber Market Revenues & Volume, By Industrial, 2021-2031F |
6.1.3 Cape Verde Liquid Silicone Rubber Market Revenues & Volume, By Medical, 2021-2031F |
6.1.4 Cape Verde Liquid Silicone Rubber Market Revenues & Volume, By Food, 2021-2031F |
6.2 Cape Verde Liquid Silicone Rubber Market, By Application |
6.2.1 Overview and Analysis |
6.2.2 Cape Verde Liquid Silicone Rubber Market Revenues & Volume, By Automotive, 2021-2031F |
6.2.3 Cape Verde Liquid Silicone Rubber Market Revenues & Volume, By Medical Implants, 2021-2031F |
6.2.4 Cape Verde Liquid Silicone Rubber Market Revenues & Volume, By Medical Devices, 2021-2031F |
6.3 Cape Verde Liquid Silicone Rubber Market, By Technology |
6.3.1 Overview and Analysis |
6.3.2 Cape Verde Liquid Silicone Rubber Market Revenues & Volume, By Liquid Injection Molding System, 2021-2031F |
7 Cape Verde Liquid Silicone Rubber Market Import-Export Trade Statistics |
7.1 Cape Verde Liquid Silicone Rubber Market Export to Major Countries |
7.2 Cape Verde Liquid Silicone Rubber Market Imports from Major Countries |
8 Cape Verde Liquid Silicone Rubber Market Key Performance Indicators |
8.1 Research and development investment in liquid silicone rubber technology. |
8.2 Number of new product launches and innovations in the liquid silicone rubber market. |
8.3 Adoption rate of liquid silicone rubber in key industries in Cape Verde. |
8.4 Number of training programs and workshops conducted to educate end-users about the advantages of liquid silicone rubber. |
8.5 Environmental sustainability initiatives and certifications obtained by liquid silicone rubber manufacturers in Cape Verde. |
9 Cape Verde Liquid Silicone Rubber Market - Opportunity Assessment |
9.1 Cape Verde Liquid Silicone Rubber Market Opportunity Assessment, By Grade, 2021 & 2031F |
9.2 Cape Verde Liquid Silicone Rubber Market Opportunity Assessment, By Application, 2021 & 2031F |
9.3 Cape Verde Liquid Silicone Rubber Market Opportunity Assessment, By Technology, 2021 & 2031F |
10 Cape Verde Liquid Silicone Rubber Market - Competitive Landscape |
10.1 Cape Verde Liquid Silicone Rubber Market Revenue Share, By Companies, 2024 |
10.2 Cape Verde Liquid Silicone Rubber Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations | 13 Disclaimer |