USD 2.7 billion
Liquid Silicone Rubber Market Size, Share, and Growth Analysis
Liquid Silicone Rubber Market By Type (Liquid Silicone Rubber, High Consistency Rubber), By Grade (Medical, Food), By Application (Medical, Automotive), By Region - Industry Forecast 2025-2032
Report ID:
SQMIG15E2610 |
Region:
Global |
Published Date: February, 2025
Pages:
197
|Tables:
94
|Figures:
76
Format -
Liquid Silicone Rubber Market Insights
Liquid Silicone Rubber Market size was valued at USD 2.7 billion in 2023 and is poised to grow from USD 2.94 billion in 2024 to USD 5.77 billion by 2032, growing at a CAGR of 8.8% during the forecast period (2025-2032).
The increasing adoption of silicon rubber in the automotive and medical industries is rapidly expanding the liquid silicone rubber market growth during the forecast period. The requirement for liquid silicone rubber (LSR) is growing in automotive and medical industries because of their cost-efficiency, durability and potential to fulfill safety requirements. More recently liquid silicone rubber has become one of the most important materials used in manufacturing. It’s used for making food molds, anti-snoring devices, LEDs and medical devices for instance. This material is also utilized in the automotive industry to make gaskets. Since liquid silicone rubber can withstand high and low temperatures, it is suitable for automobile applications.
The demand for liquid silicone rubber as it is used for making medical devices because it has temperature resistance and disinfection properties. Furthermore, the material is also utilized in the production of dialysis channels, needle plugs, and breathing devices. It is also possible to reduce the spread of contamination and hospital-acquired infection (HAIs)by utilizing devices made from liquid silicone rubber. The popularity for LSR is also increasing rapidly in sectors like construction, aerospace, electronics, and food & beverage. It is used for making sealants, adhesives, potting materials, lubricants, coatings, and more.
Market snapshot - 2025-2032
Global Market Size
Largest Segment
Medical Grade
Fastest Growth
Industrial Grade
Growth Rate
8.8% CAGR
Global Liquid Silicone Rubber Market ($ Bn)
Country Share for North America Region (%)
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Liquid Silicone Rubber Market Segments Analysis
Global Liquid Silicone Rubber Market is segmented by Type, Grade, Application and region. Based on Type, the market is segmented into Liquid Silicone Rubber, High Consistency Rubber and Fluorosilicone Rubber. Based on Grade, the market is segmented into Medical, Food and Industrial. Based on Application, the market is segmented into Medical, Automotive, Consumer Goods, Electronics & Electrical and Others. Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa.
Analysis by Grade
Based on grade, the medical grade segment is dominating the market with the largest liquid silicone rubber market share. The medical grade liquid silicone rubber is increasingly utilized in the healthcare and medical device application because of its outstanding properties. The medical grade liquid silicone rubber is biocompatible, hypoallergenic, and durable. Furthermore, this grade is perfect for making surgical instruments, catheters, and implantable devices as it fulfils the strict regulatory standards. The medical grade LSR provides long-term dependability in vital applications as it has the resistance power to extreme temperatures and sterilization processes. It is also utilized in wearable medical devices because they are flexible and skin friendly, contributing to the growth of the segment in the market.
The industrial grade segment is expected to grow at a significant CAGR during the forecast period. The industrial grade LSR is a flexible material that is used in various sectors because of its outstanding mechanical properties. The medical grade liquid silicone rubber has the resistance power against harsh environmental conditions and can be easily processed. It is used widely in the production of mechanical seals, gaskets, and insulation components for industrial machinery, electronic appliances, and in construction. In addition, the material has also turned out to be quite important for applications such as automotive engine parts and electrical insulators because of its great stability under adverse conditions.
Analysis by End Use
Based on end use, the healthcare segment is dominating the liquid silicone rubber market. The liquid silicone rubber is important in the healthcare sector for manufacturing high-quality medical products and devices. These solutions are perfect for using in devices such as respirators, masks, and diagnostic equipment because of their non-toxic, biocompatible, and hypoallergenic features. Furthermore, the compatibility of LSR's with innovative medical technologies, consist of wearable health monitors and prosthetics. Such immense benefits of liquid silicone rubber are increasing its popularity among the healthcare segment. The rising demand for minimally invasive processes and telemedicine devices, is contributing to the growth of the liquid silicone rubber market.
As per liquid silicone rubber market analysis, the automotive segment is experiencing tremendous growth in recent years. Liquid silicone rubber is utilized in the automotive sector because of its excellent qualities like heat resistance, durability, and flexibility. Automotive grade liquid silicone rubber is primarily used for substances such as seals, gaskets, and connectors. These make sure that the LSR provides better functionality in high-temperature environments. Moreover, liquid silicone rubber has become a crucial solution in improving the performance of the vehicle because of its features like vibration-dampening and noise-reduction. In recent times, the demand for LSR has been increasing rapidly in advanced automotive electronics and battery systems owing to the rising popularity of electric vehicles and autonomous cars.
Global Liquid Silicone Rubber Market Analysis by Grade
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Liquid Silicone Rubber Market Regional Insights
North America is dominating with the largest liquid silicone rubber market share. This region is leading the market because of its robust presence of end use industries like healthcare, electronics, and automotive. Furthermore, the region of North America benefits from the advanced manufacturing infrastructure and immense focus on high-quality production standards. The rising use of LSR in medical applications such as implants and wearables show their commitment to advanced medical care solutions. In the automotive industry LSR is used for seals, gaskets and electrical connectors because of their high-heat resistance and tough. In addition, government agencies in this region are also taking initiatives for promoting certified recyclable materials and lightweight materials that can be used for making various application.
Over the course of the projected period, it is anticipated that the liquid silicone rubber market in Asia Pacific would expand with the highest growth rate. This market in this region is developing rapidly owing to the advancements in the automotive, medical, and construction sectors. The high population density in countries like China, India, and Japan has created a high demand for products made out of LSR, particularly in medical and automotive industries. Big companies are investing a lot of money in introducing new products and extending their market presence in this region. These are the main factors that drive the growth of the market in Asia Pacific. The liquid silicone rubber market in China is expected to show significant growth during the forecasted period. The factor which is instrumental in the growth of the market in that country is the existence of a developed manufacturing industry. Those remarkable enterprises in this country are applying LSR for the manufacture of wide range of products as LSR is flexible, heat, chemical and electric resistant.
Global Liquid Silicone Rubber Market By Geography
- Largest
- Fastest
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Liquid Silicone Rubber Market Dynamics
Liquid Silicone Rubber Market Drivers
Increasing Usage of Liquid Silicone Rubber in Agriculture
- In the last few years, remarkable developments have been witnessed in agriculture such as farming, aquaponics and desalination. Many farms are also using bioengineering and other modern technology like genetic modification for more effective application of irrigation, fertilization and water systems, under harsh and eroded weather conditions. Therefore, the usage of such modern methods is increasing the demand for liquid silicone rubber as it provides better protection, resistance to salts, and cleanliness.
Growing Demand for Baby Products and Toys
- The liquid silicone rubber-based baby products that are commonly used are baby bottles, bottle inserts, nipples, and any other equipment utilized for gathering and preserving breast milk or infant formula. LSR has a natural resistance to several toxic substances because of their molecular structure. The injection molding technique provides unique designs for a wide range of baby items. Therefore, LSR is considered as the perfect solution for baby products.
Liquid Silicone Rubber Market Restraints
Strict Clinical and Regulatory Policies
- The regulation imposed by the government along with the shortage of funds for the development of products immensely constrains the expansion of the market. The major impeding factors to the market are the stringent and overly complicated laws pertaining to the regulatory framework. Such strict requirements create many developmental challenges, particularly in the medical sector.
High Volatility in Prices of Raw Materials
- Manufacturing of liquid silicone rubber requires specialized equipment and strategies that need huge funding. However, the liquid silicone rubber market gets deeply impacted by the price changes in the primary components like silicone-based polymer precursors and vulcanization agents. Furthermore, factors like changes in demand & supply, state of geopolitics, and monetary changes create instability in the prices of the raw materials, which restricts the growth of the market.
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Liquid Silicone Rubber Market Competitive Landscape
The global liquid silicone rubber industry has a dominant presence of major players who compete mainly on the basis of innovation, quality of products, and increasing their share of the market. Further, the market leaders have consistently engaged in R&D activities aimed at enhancing properties of LSR and extending its application in various industries. In addition, many firms are also responding to the stiff competitive environment in the market by pursuing strategic partnership, merger and acquisition activities so as to strengthen their market position and broaden their product range. The market is also shifting towards an increasing demand for more sustainable and bio-based LSR products owing to environmental regulations and consumer demand.
Top Players in Liquid Silicone Rubber Market
- Wacker Chemie (Germany)
- Shin-Etsu Chemical (Japan)
- Dow Corning (USA)
- Momentive Performance Materials (USA)
- KCC Corporation (South Korea)
- Wynca Group (China)
- Laur Silicone (USA)
- Siltech Corporation (Canada)
- Stockwell Elastomerics (USA)
- Simtec Silicone Parts (USA)
- Reiss Manufacturing (USA)
- Rogers Corporation (USA)
- Shenzhen Inno Silica (China)
- Zhejiang Xinan Chemical Industrial Group (China)
- Jiangsu Hongda New Material (China)
- Bluestar Silicones (France)
- KCC Silicones (South Korea)
- Shenzhen SQUARE Silicone (China)
Recent Developments
- In February 2024, Trelleborg Group agreed to acquire Baron Group, an Australian Chinese company that manufactures precision silicone components. The acquisition, made through the Trelleborg Sealing Solutions business area, is going to enhance the construction competence of the Group. This acquisition makes the Group a global player in the provision of medical technology products like medicine for sleep apnea, respiratory care and COPD among others.
- In May 2024, ELMET introduced its new dosing system TOP 700 designed for injection moulding of liquid silicone rubber LSR during NPE 2024. Just like its flagship TOP 7000 Pro dosing system, the TOP 700 leather oil bottle does silicone and additive dosing quite alright. It can produce up to five litres of delivery rate at a pump pressure of two hundred and ten bar.
- On 19th July 2023, Shin-etsu Chemical Co. Ltd. confirmed its plans for spending about USD 640 million augmenting its silicones portfolio. The investment was planned with the aim of reducing the demand for the silicone products sold by the company. As part of the plan, the company aimed to increase the range of its green products in order to goals of carbon neutrality.
Liquid Silicone Rubber Key Market Trends
- Increasing Usage of LSR in Healthcare Sector: The rising product consumption in the healthcare industry is one of the key trends witnessed in the market. Features like biocompatibility, good flexibility, and temperature and chemical resistance have increased the usage of liquid silicone rubber in medical devices, medical implants, and wearables. The growing prevalence of chronic diseases, growth in the aging population, and technological evolution in medical industries need high-performance materials that can be positioned in the human body. LSR has properties like low toxicity, hypoallergenic, and can withstand sterilization processes. This has increased its demand in the manufacturing of catheters, seals, and valves to prosthetics.
- Enhancement in Manufacturing Technologies: The increasing technological advancements in the manufacturing procedures have boosted the growth of liquid silicone rubber market. Furthermore, LIM technology helps in manufacturing intricate parts with better accuracy and minimal waste. Such advantages of LSR are attracting many industries like medical, automotive, and electronic, where accuracy and reliability can be challenging.
Liquid Silicone Rubber Market SkyQuest Analysis
SkyQuest's ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Correlates, and Analyses the Data collected by means of Primary Exploratory Research backed by robust Secondary Desk research.
As per SkyQuest analysis, liquid silicone rubber (LSR) is an elastomeric material which has been significantly drawing interest in various industris due to its outstanding characteristics. This material demonstrates excellent resistance to chemicals, heat and has high durability, making it suitable for automotive, consumer goods, and healthcare therapies. Due to its biocompatibility and resistance to bacterial infection, it is ideal for medical devices and implants. The growth in geriatric population and a rise in chronic diseases is driving the liquid silicone rubber market growth in the healthcare segment. In the automobile industry, liquid silicone rubber is employed in various manufacturing activities of automotive parts and components offering sealing properties and electrical insulation. The construction industry also employs LSR for insulation and sealing applications. Irrespective of competition from alternative materials, the unique properties of liquid silicone rubber are boosting the growth of the market.
| Report Metric | Details |
|---|---|
| Market size value in 2023 | USD 2.7 billion |
| Market size value in 2032 | USD 5.77 billion |
| Growth Rate | 8.8% |
| Base year | 2024 |
| Forecast period | 2025-2032 |
| Forecast Unit (Value) | USD Billion |
| Segments covered |
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| Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
| Companies covered |
|
| Customization scope | Free report customization with purchase. Customization includes:-
|
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Table Of Content
Executive Summary
Market overview
- Exhibit: Executive Summary – Chart on Market Overview
- Exhibit: Executive Summary – Data Table on Market Overview
- Exhibit: Executive Summary – Chart on Liquid Silicone Rubber Market Characteristics
- Exhibit: Executive Summary – Chart on Market by Geography
- Exhibit: Executive Summary – Chart on Market Segmentation
- Exhibit: Executive Summary – Chart on Incremental Growth
- Exhibit: Executive Summary – Data Table on Incremental Growth
- Exhibit: Executive Summary – Chart on Vendor Market Positioning
Parent Market Analysis
Market overview
Market size
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- SWOT Analysis
KEY MARKET INSIGHTS
- Technology Analysis
- (Exhibit: Data Table: Name of technology and details)
- Pricing Analysis
- (Exhibit: Data Table: Name of technology and pricing details)
- Supply Chain Analysis
- (Exhibit: Detailed Supply Chain Presentation)
- Value Chain Analysis
- (Exhibit: Detailed Value Chain Presentation)
- Ecosystem Of the Market
- Exhibit: Parent Market Ecosystem Market Analysis
- Exhibit: Market Characteristics of Parent Market
- IP Analysis
- (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
- Trade Analysis
- (Exhibit: Data Table: Import and Export data details)
- Startup Analysis
- (Exhibit: Data Table: Emerging startups details)
- Raw Material Analysis
- (Exhibit: Data Table: Mapping of key raw materials)
- Innovation Matrix
- (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
- Pipeline product Analysis
- (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
- Macroeconomic Indicators
COVID IMPACT
- Introduction
- Impact On Economy—scenario Assessment
- Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
- Revised Market Size
- Exhibit: Data Table on Liquid Silicone Rubber Market size and forecast 2021-2027 ($ million)
- Impact Of COVID On Key Segments
- Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
- COVID Strategies By Company
- Exhibit: Analysis on key strategies adopted by companies
MARKET DYNAMICS & OUTLOOK
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- Regulatory Landscape
- Exhibit: Data Table on regulation from different region
- SWOT Analysis
- Porters Analysis
- Competitive rivalry
- Exhibit: Competitive rivalry Impact of key factors, 2021
- Threat of substitute products
- Exhibit: Threat of Substitute Products Impact of key factors, 2021
- Bargaining power of buyers
- Exhibit: buyers bargaining power Impact of key factors, 2021
- Threat of new entrants
- Exhibit: Threat of new entrants Impact of key factors, 2021
- Bargaining power of suppliers
- Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
- Competitive rivalry
- Skyquest special insights on future disruptions
- Political Impact
- Economic impact
- Social Impact
- Technical Impact
- Environmental Impact
- Legal Impact
Market Size by Region
- Chart on Market share by geography 2021-2027 (%)
- Data Table on Market share by geography 2021-2027(%)
- North America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- USA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Canada
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Europe
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Germany
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Spain
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- France
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- UK
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Europe
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Asia Pacific
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- China
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- India
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Japan
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Korea
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Asia Pacific
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Latin America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Brazil
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of South America
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Middle East & Africa (MEA)
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- GCC Countries
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Africa
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of MEA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
KEY COMPANY PROFILES
- Competitive Landscape
- Total number of companies covered
- Exhibit: companies covered in the report, 2021
- Top companies market positioning
- Exhibit: company positioning matrix, 2021
- Top companies market Share
- Exhibit: Pie chart analysis on company market share, 2021(%)
- Total number of companies covered
Methodology
For the Liquid Silicone Rubber Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Liquid Silicone Rubber Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Analyst Support
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Liquid Silicone Rubber Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Liquid Silicone Rubber Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
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