Liquid Silicone Rubber Market
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PUBLISHED: 2022 ID: SMRC21288
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Liquid Silicone Rubber Market Forecasts to 2028 – Global Analysis By Grade (Food Grade, Industrial Grade, Medical Grade), Curing System (Condensation Cure System, Injection molding), Application (Medical, Consumer Goods) and By Geography

4.1 (18 reviews)
4.1 (18 reviews)
Published: 2022 ID: SMRC21288

This report covers the impact of COVID-19 on this global market

Years Covered

2020-2028

Estimated Year Value (2021)

US $2.64 BN

Projected Year Value (2028)

US $4.85 BN

CAGR (2021 - 2028)

9.1%

Regions Covered

North America, Europe, Asia Pacific, South America, and Middle East & Africa

Countries Covered

US, Canada, Mexico, Germany, UK, Italy, France, Spain, Japan, China, India, Australia, New Zealand, South Korea, Rest of Asia Pacific, South America, Argentina, Brazil, Chile, Middle East & Africa, Saudi Arabia, UAE, Qatar, and South Africa

Largest Market

Asia Pacific

Highest Growing Market

North America


According to Stratistics MRC, the Global Liquid Silicone Rubber Market is accounted for $2.64 billion in 2021 and is expected to reach $4.85 billion by 2028 growing at a CAGR of 9.1% during the forecast period. Liquid Silicone Rubber (LSR) is a very pure, platinum-cured elastomer. LSR starts as a 2-part liquid that is heated to accelerate the reaction of the two parts to form solid rubber. LSR has excellent properties, such as low viscosity and low shrink rate that make it a great choice for injection molding and the manufacturing of complex products and intricate parts. One of the benefits of LSR is that it cures faster than most other rubber materials, additionally, due to the highly automated nature of injection molding and the potential for 24/7 manufacturing, high volumes of LSR products can be produced in a short period adding to its popularity.



Market Dynamics:

Driver:

Growing Applications of Liquid Silicone Rubber


Demand for wearable devices outside the medical sector also continues to grow, specifically products used to track fitness and health. LSR is ideal for wearable due to its resistance to moisture, ozone, and UV resulting in a long product life. Additionally wearable, companies continue to seek LSR for other consumer goods applications. For example, many kitchen products such as bake ware and spatulas are made from LSR due to its ability to tolerate high temperatures and its excellent food safety ratings. As LSR have some great properties than its competitor materials such as high thermal stability, chemical stability, and electrical resistance. These properties made it the first choice in many industries such as automotive and electrical & electronics. In the medical field, the hygienic quality of LSR helps to reduce the spread of bacteria or fungi to the patient's body, and its flexibility and softness ensure comfort to patients. Therefore, medical product designers are increasingly opting for LSR for the manufacturing of medical silicone parts on wider applications such as surgery, cardiology, oncology, orthopaedics, and neurosurgery, etc. among others.

Restraint:

Rigid Government Regulations 


The measure by governments to control healthcare costs and lack of investment in product development are restricting the growth of the market. Stringent and time-consuming regulatory policies are the major restraint for the market. The stringent demands especially in the medical industry pose a set of developmental challenges. While soft thermoplastics like TPE duplicate some of its characteristics, nothing else offers liquid silicone rubbers combination of biocompatibility; resistance to heat, cold, chemicals, and UV light; durability; design flexibility; and moldability. There is also the production cost of Liquid Silicone rubber that’s higher than thermoplastics. But this can be offset by the longevity and high quality of the products as Liquid Silicone Rubber is a thermosetting polymer. Though it can be more expensive per pound, LSR offers higher product performance than any other rubber on the market. But some manufacturers skimp out on quality to save costs. Such factors are a challenge to the Liquid Silicone Rubber market.

Opportunity:

Increasing Use of Liquid Silicone Rubber 3D printing


3D Printing is a process that creates a 3-dimensional object by adding material layer by layer using digital information instead of molds and tools. Owing to its durability and flexibility Liquid Silicone Rubber finds use in 3D printing. 3D printing technology that makes use of Liquid Silicone Rubber offers unique benefits such as the ability to manufacture customized parts, unique print on demand, and rapid prototyping. The use of 3D printing technology incorporating Liquid Silicone Rubber will accelerate the growth of the market.

Threat:

Reusable & Disposability


Minimization of the carbon footprint associated with LSR production, and improvement of LSR’s reusability and disposability are some of the threats associated with the LSR market.

Industrial Grade segment is expected to be the largest during the forecast period

It is extensively used in automotive, electrical & electronics, and other consumer goods products. Owing to the wider user base of LSR, this segment captured the largest market share. The lightweight and durability of LSR have resulted in its increased use in the automotive industry. Spark plug cable, gasket, and O-ring are some of the automotive products manufactured using LSR.

The Medical segment is expected to have the highest CAGR during the forecast period

LSR has demonstrated superb compatibility with human tissue and body fluids and is resistant to bacteria growth. Medical grades of LSR are temperature resistant and can easily sterilize, which makes them compatible with various medical devices and accessories such as implantable devices, liquid feeding bottles, dialysis filters, and oxygen mask instruments. Additionally, wearable medical devices are also gaining traction, leading to higher LSR demand.

Region with largest share:

The Asia Pacific is projected to hold the highest market share, owing to the availability of low-cost labor, product innovation, and favorable government support for manufacturing influence market growth. Moreover, the growing Asian automotive, electrical & electronics, and healthcare industry has a high demand for LSR, thereby, influencing the market growth. Additionally, some of the prominent LSR manufacturers are concentrated in the provinces including KCC Corporation, Guangdong Polysil Technology Co. Ltd, Shin-Etsu Chemical Co. The regional market is driven by the strong manufacturing growth of China and India.

Region with highest CAGR:

North America is projected to have the highest CAGR, inferable from positive marker in healthcare sector industry and developing interest for dispensable medicinal implants, gadgets, and gear moving regional sector industry development. A significant part of population in the US is matured over 65 and necessities medicinal consideration henceforth would affect positively on liquid silicone rubber market. Factors like expansion and developments in the automotive industry, the high buying power of individuals, and the rise in the population have contributed to the market dominance of this province.



Key players in the market:

Some of the key players profiled in the Liquid Silicone Rubber Market include BlueStar Xinghuo, Dongguan New Orient Technology, Dow Corning, Guangdong Polysil, Jiangsu Tianchen, KCC Corporation, Laur Silicone, Momentive, Shenzhen SQUARE Silicone, ShinEtsu, Tianci Materials, Wacker Chemicals.

Key developments:

In September 2018: KCC Corporation merged with Momentive Performance Materials Inc., the U.S. based global silicone manufacturer. With this merger, the company has increased its product portfolio, client base and geographical presence to more regions of the world.

In September 2021: Shin-Etsu Chemical Co., Ltd. expanded its production capacity in Japan and on a global level and introduces products from silicone monomers and end-products. With this investment, the company is targeting to improve its share in the growing Asia Pacific market.

In December 2018: WACKER announced the expansion of its worldwide capacities for the manufacturing of silicone rubber. WACKER strategizes to progressively increase its capacities.

Grades Covered: 
• Food Grade
• Industrial Grade
• Medical Grade  

Curing Systems Covered:
• Condensation Cure System
• Injection molding
• Low Temperature Curing
• Non-Post Curing
• Peroxide Cure System
• Platinum-Based Cure System 

Technology’s Covered:
• Liquid Injection Molding System
• Compression Molding
 
Applications Covered:
• Electrical & Electronics
• Automotive
• Medical
• Consumer Goods
• Optical
• 3D Printing
• Other Applications
 
Regions Covered:
• North America
o US
o Canada
o Mexico
• Europe
o Germany
o UK
o Italy
o France
o Spain
o Rest of Europe
• Asia Pacific
o Japan       
o China       
o India       
o Australia 
o New Zealand
o South Korea
o Rest of Asia Pacific   
• South America
o Argentina
o Brazil
o Chile
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o UAE
o Qatar
o South Africa
o Rest of Middle East & Africa

What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2020, 2021, 2022, 2025 and 2028
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements

Free Customization Offerings:
All the customers of this report will be entitled to receive one of the following free customization options:
• Company Profiling
o Comprehensive profiling of additional market players (up to 3)
o SWOT Analysis of key players (up to 3)
• Regional Segmentation
o Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
o Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances

Table of Contents

1 Executive Summary  
   
2 Preface  

 2.1 Abstract 
 2.2 Stake Holders 
 2.3 Research Scope 
 2.4 Research Methodology 
  2.4.1 Data Mining
  2.4.2 Data Analysis
  2.4.3 Data Validation
  2.4.4 Research Approach
 2.5 Research Sources 
  2.5.1 Primary Research Sources
  2.5.2 Secondary Research Sources
  2.5.3 Assumptions
   
3 Market Trend Analysis  
 3.1 Introduction 
 3.2 Drivers 
 3.3 Restraints 
 3.4 Opportunities 
 3.5 Threats 
 3.6 Technology Analysis 
 3.7 Application Analysis 
 3.8 Emerging Markets 
 3.9 Impact of Covid-19 
   
4 Porters Five Force Analysis  
 4.1 Bargaining power of suppliers 
 4.2 Bargaining power of buyers 
 4.3 Threat of substitutes 
 4.4 Threat of new entrants 
 4.5 Competitive rivalry 
   
5 Global Liquid Silicone Rubber Market, By Grade  
 5.1 Introduction 
 5.2 Food Grade 
 5.3 Industrial Grade 
 5.4 Medical Grade 
   
6 Global Liquid Silicone Rubber Market, By Curing System  

 6.1 Introduction 
 6.2 Condensation Cure System 
 6.3 Injection Molding 
 6.4 Low Temperature Curing 
 6.5 Non-Post Curing 
 6.6 Peroxide Cure System 
 6.7 Platinum-Based Cure System 
   
7 Global Liquid Silicone Rubber Market, By Technology  
 7.1 Introduction 
 7.2 Liquid Injection Molding System 
 7.3 Compression Molding 
   
8 Global Liquid Silicone Rubber Market, By Application  
 8.1 Introduction 
 8.2 Electrical & Electronics 
  8.2.1 Insulation (Electronic Potting)
  8.2.2 Electrical & Optical Components 
   8.2.2.1 LED Light Components
   8.2.2.2 Lighted Panel Buttons
 8.3 Automotive 
  8.3.1 Components
   8.3.1.1 Harness Components
   8.3.1.2 Self-Lubricating Components
  8.3.2 Automotive Parts
   8.3.2.1 Airbag Coating and Sealing
   8.3.2.2 Dampers and Noise Reduction Folds
   8.3.2.3 Membranes and Valves
   8.3.2.5 Spark Plug Boots
   8.3.2.6 Wiring Harness
 8.4 Medical 
  8.4.1 Implants
  8.4.2 Medical Devices
   8.4.2.1 Infusion Pumps and Dialysis Filters
   8.4.2.2 Skin Contact Devices
  8.4.3 Medical Equipment Parts
   8.4.3.1 Dialysis Filters
   8.4.3.2 Flow Control Valves
   8.4.3.3 Gloves
   8.4.3.4 Oxygen Masks
   8.4.3.5 Precision Equipment Vibration Dampers
   8.4.3.6 Sterilized Parts
   8.4.3.7 Syringe Stoppers
 8.5 Consumer Goods 
  8.5.1 Food Contact Products
   8.5.1.1 Baking Molds
   8.5.1.2 Ice Cube Trays
  8.5.2 Home Appliance Components
   8.5.2.1 O-rings, Gaskets and Seals
   8.5.2.2 Knife Holders
   8.5.2.3 Spatula
  8.5.3 Water Contact
   8.5.3.1 Drinking Water Cans
   8.5.3.2 Sanitary Applications
  8.5.4 Baby Care Products
   8.5.4.1 Nipples
   8.5.4.2 Toys
 8.6 Optical 
  8.6.1 Diffusers
  8.6.2 Lens Molding
  8.6.3 Reflectors
 8.7 3D Printing 
 8.8 Other Applications 
  8.8.1 Aerospace & Aeronautics
  8.8.2 Building & Construction
  8.8.3 Cosmetic Applications
  8.8.4 Industrial Components
   8.8.4.1 Irrigation and Filtration Components
   8.8.4.2 Overmolded Parts
   
9 Global Liquid Silicone Rubber Market, By Geography  
 9.1 Introduction 
 9.2 North America 
  9.2.1 US
  9.2.2 Canada
  9.2.3 Mexico
 9.3 Europe 
  9.3.1 Germany
  9.3.2 UK
  9.3.3 Italy
  9.3.4 France
  9.3.5 Spain
  9.3.6 Rest of Europe
 9.4 Asia Pacific 
  9.4.1 Japan
  9.4.2 China
  9.4.3 India
  9.4.4 Australia
  9.4.5 New Zealand
  9.4.6 South Korea
  9.4.7 Rest of Asia Pacific
 9.5 South America 
  9.5.1 Argentina
  9.5.2 Brazil
  9.5.3 Chile
  9.5.4 Rest of South America
 9.6 Middle East & Africa 
  9.6.1 Saudi Arabia
  9.6.2 UAE
  9.6.3 Qatar
  9.6.4 South Africa
  9.6.5 Rest of Middle East & Africa
   
10 Key Developments  
 10.1 Agreements, Partnerships, Collaborations and Joint Ventures 
 10.2 Acquisitions & Mergers 
 10.3 New Product Launch 
 10.4 Expansions 
 10.5 Other Key Strategies 
   
11 Company Profiling  
 11.1 BlueStar Xinghuo 
 11.2 Dongguan New Orient Technology 
 11.3 Dow Corning 
 11.4 Guangdong Polysil 
 11.5 Jiangsu Tianchen 
 11.6 KCC Corporation 
 11.7 Laur Silicone 
 11.8 Momentive 
 11.9 Shenzhen SQUARE Silicone 
 11.10 ShinEtsu 
 11.11 Tianci Materials 
 11.12 Wacker Chemicals 


List of Tables   
1 Global Liquid Silicone Rubber Market Outlook, By Region (2019-2028) (US $MN)   
2 Global Liquid Silicone Rubber Market Outlook, By Grade (2019-2028) (US $MN)  
3 Global Liquid Silicone Rubber Market Outlook, By Food Grade (2019-2028) (US $MN)  
4 Global Liquid Silicone Rubber Market Outlook, By Industrial Grade (2019-2028) (US $MN)  
5 Global Liquid Silicone Rubber Market Outlook, By Medical Grade (2019-2028) (US $MN)  
6 Global Liquid Silicone Rubber Market Outlook, By Curing System (2019-2028) (US $MN)  
7 Global Liquid Silicone Rubber Market Outlook, By Condensation Cure System (2019-2028) (US $MN)  
8 Global Liquid Silicone Rubber Market Outlook, By Injection Molding (2019-2028) (US $MN)  
9 Global Liquid Silicone Rubber Market Outlook, By Low Temperature Curing (2019-2028) (US $MN)  
10 Global Liquid Silicone Rubber Market Outlook, By Non-Post Curing (2019-2028) (US $MN)  
11 Global Liquid Silicone Rubber Market Outlook, By Peroxide Cure System (2019-2028) (US $MN)  
12 Global Liquid Silicone Rubber Market Outlook, By Platinum-Based Cure System (2019-2028) (US $MN)  
13 Global Liquid Silicone Rubber Market Outlook, By Technology (2019-2028) (US $MN)  
14 Global Liquid Silicone Rubber Market Outlook, By Liquid Injection Molding System (2019-2028) (US $MN)  
15 Global Liquid Silicone Rubber Market Outlook, By Compression Molding (2019-2028) (US $MN)  
16 Global Liquid Silicone Rubber Market Outlook, By Application (2019-2028) (US $MN)  
17 Global Liquid Silicone Rubber Market Outlook, By Electrical & Electronics (2019-2028) (US $MN)  
18 Global Liquid Silicone Rubber Market Outlook, By Insulation (Electronic Potting) (2019-2028) (US $MN)  
19 Global Liquid Silicone Rubber Market Outlook, By Electrical & Optical Components  (2019-2028) (US $MN)  
20 Global Liquid Silicone Rubber Market Outlook, By Automotive (2019-2028) (US $MN)  
21 Global Liquid Silicone Rubber Market Outlook, By Components (2019-2028) (US $MN)  
22 Global Liquid Silicone Rubber Market Outlook, By Automotive Parts (2019-2028) (US $MN)  
23 Global Liquid Silicone Rubber Market Outlook, By Medical (2019-2028) (US $MN)  
24 Global Liquid Silicone Rubber Market Outlook, By Implants (2019-2028) (US $MN)  
25 Global Liquid Silicone Rubber Market Outlook, By Medical Devices (2019-2028) (US $MN)  
26 Global Liquid Silicone Rubber Market Outlook, By Medical Equipment Parts (2019-2028) (US $MN)  
27 Global Liquid Silicone Rubber Market Outlook, By Consumer Goods (2019-2028) (US $MN)  
28 Global Liquid Silicone Rubber Market Outlook, By Food Contact Products (2019-2028) (US $MN)  
29 Global Liquid Silicone Rubber Market Outlook, By Home Appliance Components (2019-2028) (US $MN)  
30 Global Liquid Silicone Rubber Market Outlook, By Water Contact (2019-2028) (US $MN)  
31 Global Liquid Silicone Rubber Market Outlook, By Baby Care Products (2019-2028) (US $MN)  
32 Global Liquid Silicone Rubber Market Outlook, By Optical (2019-2028) (US $MN)  
33 Global Liquid Silicone Rubber Market Outlook, By Diffusers (2019-2028) (US $MN)  
34 Global Liquid Silicone Rubber Market Outlook, By Lens Molding (2019-2028) (US $MN)  
35 Global Liquid Silicone Rubber Market Outlook, By Reflectors (2019-2028) (US $MN)  
36 Global Liquid Silicone Rubber Market Outlook, By 3D Printing (2019-2028) (US $MN)  
37 Global Liquid Silicone Rubber Market Outlook, By Other Applications (2019-2028) (US $MN)  
38 Global Liquid Silicone Rubber Market Outlook, By Aerospace & Aeronautics (2019-2028) (US $MN)  
39 Global Liquid Silicone Rubber Market Outlook, By Building & Construction (2019-2028) (US $MN)  
40 Global Liquid Silicone Rubber Market Outlook, By Cosmetic Applications (2019-2028) (US $MN)  
41 Global Liquid Silicone Rubber Market Outlook, By Industrial Components (2019-2028) (US $MN)  
   
Note- Tables for North America, Europe, APAC, South America, and Middle East & Africa Regions are also represented in the same manner as above.  

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