Product Code: TIPRE00029528
The liquid silicone rubber market was valued at US$ 1,249.3 million in 2022 and is projected to reach US$ 1,877.1 million by 2028; it is expected to grow at a CAGR of 7.0% from 2022 to 2028.
The different grades of liquid silicone rubber have different material properties due to their unique chemical structures. Liquid silicone rubber does not react chemically with other materials, including alkaline or acidic products. It is resistant to damage from water, oxidation, UV rays, ozone, and radiation. Thus, the physical and thermal stability of liquid silicone rubber make it a preferred choice over other elastomeric polymers. Moreover, the material can maintain its physical properties over a wide range of temperatures, high and low points. The healthcare, automotive, consumer goods, electrical, and electronics industries are among the major consumers of liquid silicone rubber. Automotive production has increased significantly in the last few years, which creates a huge demand for liquid silicone rubber. Liquid silicone rubber is used in tire additives, engine gaskets, navigation displays, foam padding, and many other applications in the automotive sector. In addition, the surging use of liquid silicone rubber in medical implants and devices is propelling the liquid silicone rubber market growth. Further, the growing application of liquid silicone rubber in the consumer electronics industry is expected to offer lucrative opportunities for the liquid silicone rubber market players in the coming years. Liquid silicone rubber make electrical & electronic equipment more reliable. In addition, green design has become the norm, these factors have created demand for liquid silicone rubber materials that offer higher quality, higher functionality, and more eco-friendly properties. Liquid silicone rubber is commonly used in power control units which is essential in making of consumer electronics, hybrid vehicles, electric vehicles, telecommunications, and optoelectronics, including eco-friendly LEDs. However, high manufacturing and processing costs restrain the liquid silicone rubber market growth. Silicone which is used in the manufacturing of liquid silicone rubber is costly as it requires more energy to manufacture, as conversion of sand to high purity silica, then further refinement of silica before chemical reaction that polymerise it makes it costly.
The liquid silicone rubber market, based on grade, has been segmented into food, medical, and industrial. The medical segment held the largest market share in 2021. Medical-grade liquid silicone rubber finds applications in the medical, healthcare, and life sciences industries. It has emerged as a key material in medical applications as it can be used in an array of life-saving medical devices, such as pacemakers and hydrocephalic shunts. Hardness, tensile strength, compression set, and fluid/water resistance of medical-grade liquid silicone rubber contribute to their demand in this industry. The hydrophobicity of this material resists the growth of bacteria and fungi.
In 2021, Asia Pacific held the largest share of the liquid silicone rubber market. The growing trend of industrialization, coupled with increased use of liquid silicone rubber in the automotive and healthcare industries, is the major factor favoring the liquid silicone rubber market growth in this region. India is one of the major markets for the production of medical devices and equipment. Further, the expansion of electronics production capacities is driving the demand for the liquid silicone rubbers in Asia Pacific. The market players are extensively presenting product portfolios, including sealants, coatings, single- or two-component liquid rubbers, and adhesives for end users in this region. South Korea is one of key markets for liquid silicone rubbers in this region, which can be related to the increasing presence of the cosmetics industry in the country.
Major players operating in the liquid silicone rubber market include Avantor, Inc.; Beacon Medtech Solutions; Dow Inc.; MOMENTIVE; Wacker Chemie AG; CHT Germany GmbH; Elkem Asa; KCC Silicone Corporation; Shin Etsu Chemical Co. Ltd.; and Stockwell Elastometrics Inc. The market players are focusing on investing significant resources in research and development activities for providing high-quality products to meet the customer demands. They are also focused on the expansion of their production capacities and geographic presence.
The size of overall liquid silicone rubber market has been derived using both primary and secondary sources. To begin the research process, exhaustive secondary research has been conducted using internal and external sources to obtain qualitative and quantitative information related to the market. Also, multiple primary interviews have been conducted with industry participants to validate the data obtained through secondary research and gain more analytical insights into the topic. The participants of this process include VPs, business development managers, market intelligence managers, national sales managers, and external consultants- such as valuation experts, research analysts, and key opinion leaders-specializing in the liquid silicone rubber market.
Reasons to Buy:
- Save and reduce time carrying out entry-level research by identifying the growth, size, leading players, and segments in the global liquid silicone rubber market.
- Highlights key business priorities in order to assist companies to realign their business strategies
- The key findings and recommendations highlight crucial progressive industry trends in the global liquid silicone rubber market, thereby allowing players across the value chain to develop effective long-term strategies
- Develop/modify business expansion plans by using substantial growth offering developed and emerging markets
- Scrutinize in-depth global market trends and outlook coupled with the factors driving the liquid silicone rubber market, as well as those hindering it.
- Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to client products, segmentation, pricing and distribution
Table Of Contents
1. Introduction
- 1.1 Study Scope
- 1.2 The Insight Partners Research Report Guidance
- 1.3 Market Segmentation
- 1.3.1 Liquid Silicone Rubber Market, by Grade
- 1.3.2 Liquid Silicone Rubber Market, by End Users
- 1.3.3 Liquid Silicone Rubber Market, by Geography
2. Key Takeaways
3. Research Methodology
- 3.1 Scope of the Study
- 3.2 Research Methodology
- 3.2.1 Data Collection:
- 3.2.2 Primary Interviews:
- 3.2.3 Hypothesis formulation:
- 3.2.4 Macro-economic factor analysis:
- 3.2.5 Developing base number:
- 3.2.6 Data Triangulation:
- 3.2.7 Country level data:
4. Liquid Silicone Rubber Market Landscape
- 4.1 Market Overview
- 4.2 Porter's Five Forces Analysis
- 4.2.1 Bargaining Power of Suppliers
- 4.2.2 Bargaining Power of Buyers
- 4.2.3 Threat of New Entrants
- 4.2.4 Competitive Rivalry
- 4.2.5 Threat of Substitutes
- 4.3 Ecosystem Analysis
- 4.3.1 Raw Material Suppliers
- 4.3.2 Manufacturers
- 4.3.3 Distributors/Suppliers
- 4.3.4 End Users
- 4.4 Expert Opinion
5. Liquid Silicone Rubber Market - Key Market Dynamics
- 5.1 Market Drivers
- 5.1.1 Rising Demand for Silicone Rubber in Automotive Industry
- 5.1.2 Fueling Application of Liquid Silicone Rubber in Medical Implants and Devices
- 5.2 Market Restrain
- 5.2.1 High Cost Associated with Manufacturing and Processing
- 5.3 Market Opportunities
- 5.3.1 Surging Application in Consumer Electronics Industry Favors the Liquid Silicone Rubber
- 5.4 Market Future Trends
- 5.4.1 Increasing Investment in New Product launch from Market Players
- 5.5 Impact Analysis
6. Liquid Silicone Rubber - Global Market Analysis
- 6.1 Liquid Silicone Rubber Market Overview
- 6.2 Liquid Silicone Rubber Market -Volume and Forecast to 2028 (Tons)
- 6.3 Liquid Silicone Rubber Market -Revenue and Forecast to 2028 (US$ Million)
- 6.4 Competitive Positioning - Key Market Players
7. Liquid Silicone Rubber Market Analysis - By Grade
- 7.1 Overview
- 7.2 Liquid Silicone Rubber Market, By Grade (2021 and 2028)
- 7.3 Food
- 7.3.1 Overview
- 7.3.2 Food: Liquid Silicone Rubber Market - Revenue and Forecast to 2028 (US$ Mn)
- 7.3.3 Food: Liquid Silicone Rubber Market -Volume and Forecast to 2028 (Kilo Tons)
- 7.4 Medical
- 7.4.1 Overview
- 7.4.2 Medical: Liquid Silicone Rubber Market - Revenue and Forecast to 2028 (US$ Mn)
- 7.4.3 Medical: Liquid Silicone Rubber Market -Volume and Forecast to 2028 (Kilo Tons)
- 7.5 Industrial
- 7.5.1 Overview
- 7.5.2 Industrial: Liquid Silicone Rubber Market - Revenue and Forecast to 2028 (US$ Mn)
- 7.5.3 Industrial: Liquid Silicone Rubber Market -Volume and Forecast to 2028 (Kilo Tons)
8. Liquid Silicone Rubber Market Analysis - By End User
- 8.1 Overview
- 8.2 Liquid Silicone Rubber Market, By End User (2021 and 2028)
- 8.3 Healthcare
- 8.3.1 Overview
- 8.3.2 Healthcare: Liquid Silicone Rubber Market - Revenue and Forecast to 2028 (US$ Mn)
- 8.4 Automotive
- 8.4.1 Overview
- 8.4.2 Automotive: Liquid Silicone Rubber Market - Revenue and Forecast to 2028 (US$ Mn)
- 8.5 Consumer Goods
- 8.5.1 Overview
- 8.5.2 Consumer Goods: Liquid Silicone Rubber Market - Revenue and Forecast to 2028 (US$ Mn)
- 8.6 Electrical and Electronics
- 8.6.1 Overview
- 8.6.2 Electrical and Electronics: Liquid Silicone Rubber Market - Revenue and Forecast to 2028 (US$ Mn)
- 8.7 Others
- 8.7.1 Overview
- 8.7.2 Others: Liquid Silicone Rubber Market - Revenue and Forecast to 2028 (US$ Mn)
9. Liquid Silicone Rubber Market - Geographic Analysis
- 9.1 Overview
- 9.2 North America: Liquid Silicone Rubber Market
- 9.2.1 North America: Liquid Silicone Rubber Market -Revenue and Forecast to 2028 (US$ Million)
- 9.2.2 North America: Liquid Silicone Rubber Market -Volume and Forecast to 2028 (Tons)
- 9.2.3 North America: Liquid Silicone Rubber Market, by Grade
- 9.2.4 North America: Liquid Silicone Rubber Market, by End-User
- 9.2.5 North America: Liquid Silicone Rubber Market, by Key Country
- 9.2.5.1 US: Liquid Silicone Rubber Market-Analysis and Forecast to 2028 (US$ Million)
- 9.2.5.1.1 US: Liquid Silicone Rubber Market, by Grade
- 9.2.5.1.2 US: Liquid Silicone Rubber Market, by End-User
- 9.2.5.2 Canada: Liquid Silicone Rubber Market-Analysis and Forecast to 2028 (US$ Million)
- 9.2.5.2.1 Canada: Liquid Silicone Rubber Market, by Grade
- 9.2.5.2.2 Canada: Liquid Silicone Rubber Market, by End-User
- 9.2.5.3 Mexico: Liquid Silicone Rubber Market-Revenue and Forecast to 2028 (US$ Million)
- 9.2.5.3.1 Mexico: Liquid Silicone Rubber Market, by Grade
- 9.2.5.3.2 Mexico: Liquid Silicone Rubber Market, by End-User
- 9.3 Europe: Liquid Silicone Rubber Market
- 9.3.1 Europe: Liquid Silicone Rubber Market -Revenue and Forecast to 2028 (US$ Million)
- 9.3.2 Europe: Liquid Silicone Rubber Market, by Grade
- 9.3.3 Europe: Liquid Silicone Rubber Market, by End User
- 9.3.4 Europe: Liquid Silicone Rubber Market, by Key Country
- 9.3.4.1 Germany: Liquid Silicone Rubber Market -Revenue and Forecast to 2028 (US$ Million)
- 9.3.4.1.1 Germany: Liquid Silicone Rubber Market, by Grade
- 9.3.4.1.2 Germany: Liquid Silicone Rubber Market, by Grade
- 9.3.4.1.3 Germany: Liquid Silicone Rubber Market, by End User
- 9.3.4.2 France: Liquid Silicone Rubber Market -Revenue and Forecast to 2028 (US$ Million)
- 9.3.4.2.1 France: Liquid Silicone Rubber Market, by Grade
- 9.3.4.2.2 France: Liquid Silicone Rubber Market, by Grade
- 9.3.4.2.3 France: Liquid Silicone Rubber Market, by End User
- 9.3.4.3 Italy: Liquid Silicone Rubber Market -Revenue and Forecast to 2028 (US$ Million)
- 9.3.4.4 Italy: Liquid Silicone Rubber Market -Volume and Forecast to 2028 (Tons)
- 9.3.4.4.1 Italy: Liquid Silicone Rubber Market, by Grade
- 9.3.4.4.2 Italy: Liquid Silicone Rubber Market, by End User
- 9.3.4.5 UK: Liquid Silicone Rubber Market -Revenue and Forecast to 2028 (US$ Million)
- 9.3.4.6 UK: Liquid Silicone Rubber Market -Volume and Forecast to 2028 (Tons)
- 9.3.4.6.1 UK: Liquid Silicone Rubber Market, by Grade
- 9.3.4.6.2 UK: Liquid Silicone Rubber Market, by End User
- 9.3.4.7 Russia: Liquid Silicone Rubber Market -Revenue and Forecast to 2028 (US$ Million)
- 9.3.4.8 Russia: Liquid Silicone Rubber Market -Volume and Forecast to 2028 (Tons)
- 9.3.4.8.1 Russia: Liquid Silicone Rubber Market, by Grade
- 9.3.4.8.2 Russia: Liquid Silicone Rubber Market, by End User
- 9.3.4.9 Rest of Europe: Liquid Silicone Rubber Market -Revenue and Forecast to 2028 (US$ Million)
- 9.3.4.9.1 Rest of Europe: Liquid Silicone Rubber Market, by Grade
- 9.3.4.9.2 Rest of Europe: Liquid Silicone Rubber Market, by End User
- 9.4 Asia Pacific: Liquid Silicone Rubber Market
- 9.4.1 Asia Pacific: Liquid Silicone Rubber Market -Revenue and Forecast to 2028 (US$ Million)
- 9.4.2 Asia Pacific: Liquid Silicone Rubber Market, by Grade
- 9.4.3 Asia Pacific: Liquid Silicone Rubber Market, by End User
- 9.4.4 Asia Pacific: Liquid Silicone Rubber Market, by Key Country
- 9.4.4.1 Australia: Liquid Silicone Rubber Market -Revenue and Forecast to 2028 (US$ Million)
- 9.4.4.2 Australia: Liquid Silicone Rubber Market -Volume and Forecast to 2028 (Tons)
- 9.4.4.2.1 Australia: Liquid Silicone Rubber Market, by Grade
- 9.4.4.2.2 Australia: Liquid Silicone Rubber Market, by Grade
- 9.4.4.2.3 Australia: Liquid Silicone Rubber Market, by End User
- 9.4.4.3 China: Liquid Silicone Rubber Market -Revenue and Forecast to 2028 (US$ Million)
- 9.4.4.4 China: Liquid Silicone Rubber Market -Volume and Forecast to 2028 (Tons)
- 9.4.4.4.1 China: Liquid Silicone Rubber Market, by Grade
- 9.4.4.4.2 China: Liquid Silicone Rubber Market, by Grade
- 9.4.4.4.3 China: Liquid Silicone Rubber Market, by End User
- 9.4.4.5 India: Liquid Silicone Rubber Market -Revenue and Forecast to 2028 (US$ Million)
- 9.4.4.6 India: Liquid Silicone Rubber Market -Volume and Forecast to 2028 (Tons)
- 9.4.4.6.1 India: Liquid Silicone Rubber Market, by Grade
- 9.4.4.6.2 India: Liquid Silicone Rubber Market, by Grade
- 9.4.4.6.3 India: Liquid Silicone Rubber Market, by End User
- 9.4.4.7 Japan: Liquid Silicone Rubber Market -Revenue and Forecast to 2028 (US$ Million)
- 9.4.4.8 Japan: Liquid Silicone Rubber Market -Volume and Forecast to 2028 (Tons)
- 9.4.4.8.1 Japan: Liquid Silicone Rubber Market, by Grade
- 9.4.4.8.2 Japan: Liquid Silicone Rubber Market, by Grade
- 9.4.4.8.3 Japan: Liquid Silicone Rubber Market, by End User
- 9.4.4.9 South Korea: Liquid Silicone Rubber Market -Revenue and Forecast to 2028 (US$ Million)
- 9.4.4.10 South Korea: Liquid Silicone Rubber Market -Volume and Forecast to 2028 (Tons)
- 9.4.4.10.1 South Korea: Liquid Silicone Rubber Market, by Grade
- 9.4.4.10.2 South Korea: Liquid Silicone Rubber Market, by Grade
- 9.4.4.10.3 South Korea: Liquid Silicone Rubber Market, by End User
- 9.4.4.11 Rest of Asia Pacific: Liquid Silicone Rubber Market -Revenue and Forecast to 2028 (US$ Million)
- 9.4.4.12 Rest of Asia Pacific: Liquid Silicone Rubber Market -Volume and Forecast to 2028 (Tons)
- 9.4.4.12.1 Rest of Asia Pacific: Liquid Silicone Rubber Market, by Grade
- 9.4.4.12.2 Rest of Asia Pacific: Liquid Silicone Rubber Market, by End User
- 9.5 Middle East and Africa: Liquid Silicone Rubber Market
- 9.5.1 Middle East and Africa: Liquid Silicone Rubber Market -Revenue and Forecast to 2028 (US$ Million)
- 9.5.2 Middle East and Africa: Liquid Silicone Rubber Market, by Grade
- 9.5.3 Middle East and Africa: Liquid Silicone Rubber Market, by End User
- 9.5.4 Middle East and Africa: Liquid Silicone Rubber Market, by Key Country
- 9.5.4.1 South Africa: Liquid Silicone Rubber Market -Revenue and Forecast to 2028 (US$ Million)
- 9.5.4.2 South Africa: Liquid Silicone Rubber Market -Volume and Forecast to 2028 (Tons)
- 9.5.4.2.1 South Africa: Liquid Silicone Rubber Market, by Grade
- 9.5.4.2.2 South Africa: Liquid Silicone Rubber Market, by Grade
- 9.5.4.2.3 South Africa: Liquid Silicone Rubber Market, by End User
- 9.5.4.3 Saudi Arabia: Liquid Silicone Rubber Market -Revenue and Forecast to 2028 (US$ Million)
- 9.5.4.4 Saudi Arabia: Liquid Silicone Rubber Market -Volume and Forecast to 2028 (Tons)
- 9.5.4.4.1 Saudi Arabia: Liquid Silicone Rubber Market, by Grade
- 9.5.4.4.2 Saudi Arabia: Liquid Silicone Rubber Market, by Grade
- 9.5.4.4.3 Saudi Arabia: Liquid Silicone Rubber Market, by End User
- 9.5.4.5 UAE: Liquid Silicone Rubber Market -Revenue and Forecast to 2028 (US$ Million)
- 9.5.4.6 UAE: Liquid Silicone Rubber Market -Volume and Forecast to 2028 (Tons)
- 9.5.4.6.1 UAE: Liquid Silicone Rubber Market, by Grade
- 9.5.4.6.2 UAE: Liquid Silicone Rubber Market, by Grade
- 9.5.4.6.3 UAE: Liquid Silicone Rubber Market, by End User
- 9.5.4.7 Rest of the Middle East & Africa: Liquid Silicone Rubber Market -Revenue and Forecast to 2028 (US$ Million)
- 9.5.4.7.1 Rest of the Middle East & Africa: Liquid Silicone Rubber Market, by Grade
- 9.5.4.7.2 Rest of the Middle East & Africa: Liquid Silicone Rubber Market, by Grade
- 9.5.4.7.3 Rest of the Middle East & Africa: Liquid Silicone Rubber Market, by End User
- 9.6 South and Central America: Liquid Silicone Rubber Market
- 9.6.1 South and Central America: Liquid Silicone Rubber Market -Revenue and Forecast to 2028 (US$ Million)
- 9.6.2 South and Central America: Liquid Silicone Rubber Market, by Grade
- 9.6.3 South and Central America: Liquid Silicone Rubber Market, by End User
- 9.6.4 South and Central America: Liquid Silicone Rubber Market, by Key Country
- 9.6.4.1 Brazil: Liquid Silicone Rubber Market -Revenue and Forecast to 2028 (US$ Million)
- 9.6.4.2 Brazil: Liquid Silicone Rubber Market -Volume and Forecast to 2028 (Tons)
- 9.6.4.2.1 Brazil: Liquid Silicone Rubber Market, by Grade
- 9.6.4.2.2 Brazil: Liquid Silicone Rubber Market, by Grade
- 9.6.4.2.3 Brazil: Liquid Silicone Rubber Market, by End User
- 9.6.4.3 Argentina: Liquid Silicone Rubber Market -Revenue and Forecast to 2028 (US$ Million)
- 9.6.4.4 Argentina: Liquid Silicone Rubber Market -Volume and Forecast to 2028 (Tons)
- 9.6.4.4.1 Argentina: Liquid Silicone Rubber Market, by Grade
- 9.6.4.4.2 Argentina: Liquid Silicone Rubber Market, by Grade
- 9.6.4.4.3 Argentina: Liquid Silicone Rubber Market, by End User
- 9.6.4.5 Rest of South and Central America: Liquid Silicone Rubber Market -Revenue and Forecast to 2028 (US$ Million)
- 9.6.4.6 Rest of South and Central America: Liquid Silicone Rubber Market -Volume and Forecast to 2028 (Tons)
- 9.6.4.6.1 Rest of South and Central America: Liquid Silicone Rubber Market, by Grade
- 9.6.4.6.2 Rest of South and Central America: Liquid Silicone Rubber Market, by Grade
- 9.6.4.6.3 Rest of South and Central America: Liquid Silicone Rubber Market, by End User
10. Impact of COVID-19 Pandemic on Global Liquid Silicone Rubber Market
- 10.1 Overview
- 10.2 Impact of COVID-19 on Liquid Silicone Rubber Market
- 10.3 North America: Impact Assessment of COVID-19 Pandemic
- 10.4 Europe: Impact Assessment of COVID-19 Pandemic
- 10.5 Asia Pacific: Impact Assessment of COVID-19 Pandemic
- 10.6 Middle East & Africa: Impact Assessment of COVID-19 Pandemic
- 10.7 South and Central America: Impact Assessment of COVID-19 Pandemic
11. Industry Landscape
- 11.1 Overview
- 11.2 Market Initiative
- 11.3 New Product Development
- 11.4 Merger and Acquisition
12. Company Profiles
- 12.1 Avantor, Inc.
- 12.1.1 Key Facts
- 12.1.2 Business Description
- 12.1.3 Products and Services
- 12.1.4 Financial Overview
- 12.1.5 SWOT Analysis
- 12.1.6 Key Developments
- 12.2 Beacon Medtech Solutions
- 12.2.1 Key Facts
- 12.2.2 Business Description
- 12.2.3 Products and Services
- 12.2.4 Financial Overview
- 12.2.5 SWOT Analysis
- 12.2.6 Key Developments
- 12.3 Dow Inc.
- 12.3.1 Key Facts
- 12.3.2 Business Description
- 12.3.3 Products and Services
- 12.3.4 Financial Overview
- 12.3.5 SWOT Analysis
- 12.3.6 Key Developments
- 12.4 MOMENTIVE
- 12.4.1 Key Facts
- 12.4.2 Business Description
- 12.4.3 Products and Services
- 12.4.4 Financial Overview
- 12.4.5 SWOT Analysis
- 12.4.6 Key Developments
- 12.5 Wacker Chemie AG
- 12.5.1 Key Facts
- 12.5.2 Business Description
- 12.5.3 Products and Services
- 12.5.4 Financial Overview
- 12.5.5 SWOT Analysis
- 12.5.6 Key Developments
- 12.6 CHT Germany GmbH
- 12.6.1 Key Facts
- 12.6.2 Business Description
- 12.6.3 Products and Services
- 12.6.4 Financial Overview
- 12.6.5 SWOT Analysis
- 12.6.6 Key Developments
- 12.7 Elkem Asa
- 12.7.1 Key Facts
- 12.7.2 Business Description
- 12.7.3 Products and Services
- 12.7.4 Financial Overview
- 12.7.5 SWOT Analysis
- 12.7.6 Key Developments
- 12.8 KCC Silicone Corporation
- 12.8.1 Key Facts
- 12.8.2 Business Description
- 12.8.3 Products and Services
- 12.8.4 Financial Overview
- 12.8.5 SWOT Analysis
- 12.8.6 Key Developments
- 12.9 Shin Etsu Chemical Co. Ltd.
- 12.9.1 Key Facts
- 12.9.2 Business Description
- 12.9.3 Products and Services
- 12.9.4 Financial Overview
- 12.9.5 SWOT Analysis
- 12.9.6 Key Developments
- 12.10 Stockwell Elastometrics Inc.
- 12.10.1 Key Facts
- 12.10.2 Business Description
- 12.10.3 Products and Services
- 12.10.4 Financial Overview
- 12.10.5 SWOT Analysis
- 12.10.6 Key Developments
13. Appendix
- 13.1 About The Insight Partners
- 13.2 Glossary of Terms