Global Liquid Silicone Rubber Market by Application (Automotive, Medical, Consumer Goods, Electronics), by Grade (Industrial, Food, Medical) and Region (North America, Latin America, Europe, Asia Pacific and Middle East & Africa), Forecast To 2028

Summary of the Report

Global liquid silicone rubber market was valued at USD 1.67 Billion in 2016. It is expected to grow at 7.9% CAGR between 2017 and 2025. The key drivers of the market are expected to be the growing demand from the automotive and medical industries. Automotive and medical industries are experiencing huge demand due to their cost-effectiveness and durability and their ability to meet all safety standards.

The most popular manufacturing material is liquid silicone rubber. It is used in medical devices, food molds, anti-snoring, LED and other applications. It is one of the many innovative materials used in the automotive industry to make gaskets. It is suitable for automotive applications because it is highly resistant to heat and cold temperatures.

In 2015, the US liquid silicone rubber market was worth USD 502.2 million. It is projected to grow at 8.1% CAGR from 2016-2025. The U.S. is a major hub for auto manufacturing and boasts manufacturing facilities that are owned by top companies like Honda, Mercedes-Benz and Mazda, BMW, Volkswagen and Tesla. This industry has seen a rise in exports, research and development policies, skilled workers, and open investment policies.

The unique properties of liquid silicone rubber (LSR), include chemical resistance, electrical resistance, inertness and the ability to withstand extreme temperature. These unique properties have allowed their widespread adoption in many industries, including automotive, medical, electronic & electronics, and other. A growing number of geriatric patients is driving demand for medical devices and implants in the medical sector.

Due to strict regulations in medical fields, the growth of the liquid silicone rubber market is restricted. The number of regulations governing the use of materials in medical devices, implants and kitchenware has increased. To maintain their market position, manufacturers must comply with strict regulations.

Two components are required for the production of liquid silicone rubber. They contain crosslinkers and a platinum catalyst. To initiate the reaction, the components are highly stable and mixed in a 1:1 ratio. To make liquid silicone rubber, fillers, stabilizers, colorants and additives can be added to the mixture.

Grade Insights

In 2015, medical grade liquid silicone rubber was worth USD 208.5 million. It is projected to grow at 8.6% CAGR between 2016-2025. Medical grade LSR can improve life expectancy by reducing pain and being used in the creation of artificial joints and pacemakers. Medical grade LSR is used in many products, including rings, gaskets and stoppers, closures as well as catheters, cushioning pads and liquid feeding bottles.

It is used widely to make kitchenware and bakeware. Food-grade silicone rubber is resistant to bacteria, tasteless, hydrophobic and odorless. Other products include silicone rubber spatulas, grips to knives, and whisks. It's versatile and resistant to extreme temperatures make it a popular choice for kitchen tool manufacturing.

Because it is flexible and soft, liquid silicone rubber is becoming more popular as a material for food mold manufacturing. It is safe for biological contact, and food can still be eaten after it has been stored in an oven.

The market for food-grade liquid silicone rubber held the largest market share in North America, with 33.1% in 2015. The U.S. is the largest market for consumer goods. It is known for its extensive product innovation, R&D and manufacturing. This region is home to a high standard of living and a healthy consciousness.

Application Insights

LSR was used in automotive for USD 519.0 millions in 2015. It is expected to grow at a CAGR of 8.2% between 2016-2025. Liquid silicon rubber components are lighter and more efficient, which in turn increases fuel efficiency. They reduce CO ₂ and NO ₂ emissions, which are both air pollutants. Liquid silicone rubber is used in automotive applications such as gaskets, windshield wiper blades and LED headlights.

Due to its widespread use in medical implants and devices, the liquid silicone rubber market is experiencing a huge demand. Because it meets all safety requirements, medical grade liquid silicone rubber is becoming more popular. It's stable, chemical and heat resistant, and can withstand extreme temperatures.

The ability to withstand high and low temperatures, ultraviolet and ozone protection shield has pushed the demand for liquid silicon rubber in consumer goods such as spatulas and baking trays.

Regional Insights

The North American liquid silicone rubber market was worth USD 582.0 millions in 2015. It is expected to grow at 7.8% CAGR from 2016-2025. Because of its widespread use in many applications, including medical, automotive and electronics, North America is a key market for liquid silicone rubber. The future is set to see significant growth in medical applications.

Due to greater growth in automobile production, Asia Pacific is the region with the fastest growing automotive applications on the global market. Due to India and China's rapidly expanding economies, India and China are leading the region's growth. In the coming years, market growth will be driven by product innovation, new applications and favorable regulations. Market players in the region will also be expected to increase their production capabilities via joint ventures or acquisitions. They also want to ensure long-term supply security and quality consistency.

Asia Pacific is expected to be the fastest-growing region over the forecast period. Demand has been driven by emerging economies like India, China and Indonesia in the last few years. The market has grown due to expansion in the healthcare, construction and automotive sectors.

Market Share Insights & Key Companies

Dow Corning, Momentive Performance Materials Inc., KCC Corporation, Simtec Silicone Parts, LLC, Bluestar, Stockwell Elastomerics Inc., Zhejiang Xinan Chemical Industrial Group Co., Ltd., Shin-Etsu Chemical Co., Ltd., Wacker Chemie AG, Nusil Technology LLC, Laur Silicone, are just a few of the major market players.

Companies such as Dow Corning, Momentive Performance Materials Inc. and Simtec Silicone are expected to create new markets through technological innovation. The key players have partnered with suppliers to gain the most up-to-date material technology in order to be competitive.

Liquid Silicone Market Report Scope

The Report Covers Certain Segments

This report predicts revenue growth at the global, regional and country levels. It also analyzes market trends in each sub-market from 2013 through 2025. Grand View Research has divided the global liquid silicone rubber market report by grade, application, region, and country.

• Grade Outlook (Revenue USD Million; 2013-2025)

  • Food

  • Medical

  • Industrial

• App Outlook (Revenue USD Million; 2013-2025)

  • Medical

  • Automotive

  • Consumer Goods

  • Electricals & electronics

  • Other

• Regional Outlook (Revenue USD Million; 2013-2025)

  • North America

    • The U.S.

  • Europe

    • Germany

    • France

    • UK

  • Asia Pacific

    • China

    • India

    • Japan

  • Central & South America

    • Brazil

  • Middle East & Africa

These are the most frequently asked questions about this report

b. The market for liquid silicone rubber was valued at USD 2.1 million in 2019, and is forecast to grow to USD 2.2 billion by 2020.

b. Global liquid silicone rubber market will grow at 7.8% compound annual growth rate from 2016 to 2025, to reach USD 3.0 billion by 2025.

b. North America was the dominant market for liquid silicone rubber in 2019, with a 37.4% share. Its wide use in a variety of applications, including medical, automotive and electronics, is why this market dominance can be attributed to.

b. Dow Corning, Momentive Performance Materials Inc., KCC Corporation, Simtec Silicone Parts, LLC, Bluestar, Stockwell Elastomerics Inc., Zhejiang Chemical Industrial Group Co., Ltd., Shin-Etsu Chemical Co., Ltd., Wacker Chemie AG, Nusil Technology LLC, Laur Silicone are some of the key players in the liquid silicone rubber marketplace.

b. The market growth is driven by the growing demand from the medical and automotive sectors around the globe.

Up Market Research published a new report titled “Liquid Silicone Rubber Market research report which is segmented by Application (Automotive, Medical, Consumer Goods, Electronics), by Grade (Industrial, Food, Medical), By Players/Companies Wacker Chemie AG, Nusil Technology LLC, Ltd, Momentive Performance Materials Inc, Dow Corning, KCC Corporation, Simtec Silicone Parts, Zhejiang Xinan Chemical Industrial Group Co, Bluestar, Stockwell Elastomerics Inc, Shin-Etsu Chemical Co, LLC, Ltd, Laur Silicone”. As per the study the market is expected to grow at a CAGR of XX% in the forecast period.

Report Scope

The report covers comprehensive data on emerging trends, market drivers, growth opportunities, and restraints that can change the market dynamics of the industry. It provides an in-depth analysis of the market segments which include products, applications, and competitor analysis.

Global Liquid Silicone Rubber Market Report Segments:

The market is segmented by Application (Automotive, Medical, Consumer Goods, Electronics), by Grade (Industrial, Food, Medical).

Liquid Silicone Rubber Market research report delivers a close watch on leading competitors with strategic analysis, micro and macro market trend and scenarios, pricing analysis and a holistic overview of the market situations in the forecast period. It is a professional and a detailed report focusing on primary and secondary drivers, market share, leading segments and geographical analysis. Further, key players, major collaborations, merger & acquisitions along with trending innovation and business policies are reviewed in the report.

Key Benefits for Industry Participants & Stakeholders:

• Industry drivers, restraints, and opportunities covered in the study
• Neutral perspective on the market performance
• Recent industry trends and developments
• Competitive landscape & strategies of key players
• Potential & niche segments and regions exhibiting promising growth covered
• Historical, current, and projected market size, in terms of value
• In-depth analysis of the Liquid Silicone Rubber Market

Overview of the regional outlook of the Liquid Silicone Rubber Market:

Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa (MEA). North America region is further bifurcated into countries such as U.S., and Canada. The Europe region is further categorized into U.K., France, Germany, Italy, Spain, Russia, and Rest of Europe. Asia Pacific is further segmented into China, Japan, South Korea, India, Australia, South East Asia, and Rest of Asia Pacific. Latin America region is further segmented into Brazil, Mexico, and Rest of Latin America, and the MEA region is further divided into GCC, Turkey, South Africa, and Rest of MEA.

Highlights of The Liquid Silicone Rubber Market Report:

1. The market structure and projections for the coming years.
2. Drivers, restraints, opportunities, and current trends of Liquid Silicone Rubber Market.
3. Historical data and forecast.
4. Estimations for the forecast period 2028.
5. Developments and trends in the market.

                1. Automotive

                2. Medical

                3. Consumer Goods

                4. Electronics

                1. Industrial

                2. Food

                3. Medical

8. Market scenario by region, sub-region, and country.
9. Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
10. Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
11. Government Policies, Macro & Micro economic factors are also included in the report.

We have studied the Liquid Silicone Rubber Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2028.

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Reasons to Purchase the Liquid Silicone Rubber Market Report:

• The report includes a plethora of information such as market dynamics scenario and opportunities during the forecast period
• Segments and sub-segments include quantitative, qualitative, value (USD Million,) and volume (Units Million) data.
• Regional, sub-regional, and country level data includes the demand and supply forces along with their influence on the market.
• The competitive landscape comprises share of key players, new developments, and strategies in the last three years.
• Comprehensive companies offering products, relevant financial information, recent developments, SWOT analysis, and strategies by these players.