Global Liquid Silicone Rubber Market Trends, Forecast Report 2025-2037
Liquid Silicone Rubber Market size is predicted to expand from USD 3.58 billion to USD 11.07 billion, registering a CAGR of over 9.1% throughout the forecast period, from 2025 to 2037. In the year 2025, the industry size of liquid silicone rubber is assessed at USD 3.84 billion.
The global liquid silicone rubber market is expected to expand at a rapid pace due to the rising demand for LSR across several sectors including automotive, healthcare, electrical & electronics, cosmetics, and building & construction. This has resulted in increasing production of liquid silicone rubber globally. Several key players are heavily investing in expanding their production capacities to meet the growing demand. For instance, in May 2022, Wacker Chemie AG announced the capacity expansions for LSR by 2023. These expansions include facilities in Burghasusen, Germany, and Adrian in the U.S.
The rapid expansion of the automotive sector has resulted in growing demand for advanced LSR solutions. LSR is widely used in the development of automobiles due to its lightweight nature and high durability contributing to its use in replacing traditional heavy materials. According to a report by the European Automobile Manufacturers Association (ACEA), global car sales grew by 10% in 2023, resulting in the growing need for LSRs. Bluestar Silicones, a subsidiary of Alkem Group launched a new LSR product line tailored especially for the automotive industry. This product line offers improved temperature resistance and durability, catering to the specific needs of automotive applications.
Liquid Silicone Rubber Market: Growth Drivers and Challenges
Growth Drivers
- High usage of liquid silicone rubber in agriculture: The agricultural industry has experienced significant growth and invention in recent years, including disruptors such as precision agriculture, aquaponics, and water desalination. Modern agricultural techniques necessitate cutting-edge innovation to withstand harsh environments such as extreme weather conditions, UV radiations, high humidity, and field erosive circumstances. Hence, the utilization of liquid silicone rubber is on the rise since it offers durability, salt resistance, and hygiene. In addition, LSR’s resistance to fertilizers and pesticides and easier cleaning compared to other products is expected to fuel market growth going ahead.
- Rising sales of baby products & toys: Growing demand for baby products and toys is expected to drive the global market during the stipulated timeframe. LSR is free from harmful chemicals such as BPA, phthalates, and latex, making it a safe material for baby products such as bottle nippers, pacifiers, inserts, and teething toys. In addition, rising awareness and preference for sustainable materials among new parents and increasing focus on exploring the application of LSRs in baby care products are likely to boost overall market growth.
Challenges
- High cost of liquid silicone rubber: The advanced equipment and molds required for LSR processing significantly increase the overall capital costs. In addition to this, the requirement of extensive quality control and skilled labor can lead to higher operational expenses.
- Stringent government regulations: Silicone manufacturing is complicated compared to thermoplastics which makes LSR products less sustainable. This can limit the adoption of LSR among eco-conscious consumers. Moreover, stringent environmental regulations for silicone manufacturing and its derivatives can be a challenge and slow down the production process.
Liquid Silicone Rubber Market: Key Insights
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Base Year |
2024 |
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Forecast Year |
2025-2037 |
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CAGR |
9.1% |
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Base Year Market Size (2024) |
USD 3.58 billion |
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Forecast Year Market Size (2037) |
USD 11.07 billion |
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Regional Scope |
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Liquid Silicone Rubber Segmentation
Grade Type (Food Grade, Industrial Grade, Medical Grade)
The medical grade segment in the liquid silicone rubber market is set to capture a share of about 60% during the forecast period. Manufacturers in the medical, healthcare, and life sciences industries have demanding requirements for components that need to adhere to ever-tighter tolerances and comply with safety and hygiene standards. The demand for medical grade LSR is rising due to their unique properties such as biocompatibility, better durability, sterilizability, and flexibility. These medical-grade LSRs are widely used in the production of wearable medical devices, medical implants, prosthetics, along with surgical and diagnostic instruments.
Processing Techniques (Liquid Injection Molding System, Compression Molding)
The liquid injection molding system segment is expected to account for 61% revenue share during the projected period. In light of the greater degree of quality and durability of the finished product, the liquid injection molding process has established a reputation as the preferred technique among many rubber part makers. Almost all industries—including those in the automotive, medical, electronics, food, defense, and textile—take advantage of the potential offered by the liquid injection molding technique. To cater to this demand, Silcotech announced the expansion of its LSR injection molding capacity with the purchase of two Arburg injection molding machines in February 2024.
Our in-depth analysis of the global liquid silicone rubber market includes the following segments:
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Grade Type |
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Processing Techniques |
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End user |
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Customize this ReportLiquid Silicone Rubber Industry - Regional Scope
APAC Market Forecast
The liquid silicone rubber market in Asia Pacific is poised to garner the highest share of about 30% during the forecast period due to the rapidly expanding automotive sector and the presence of leading companies. According to an analysis by Research Nester, around 36 million passenger automobiles were sold in the Asia Pacific in 2022, leading to high demand for LSRs. In addition, rising investments in healthcare infrastructure across countries such as China, India, and Japan, driving the demand for medical-grade LSR in devices like catheters, seals, syringe plungers, and prosthetics.
China is one of the largest manufacturing hubs, driving the demand for LSR in industries such as electronics, automotive, and consumer goods. Several key players are heavily investing in advanced molding technologies and automation. Moreover, the expanding electronics and consumer goods sectors in China and growing demand for lightweight materials across various sectors is expected to surge the sales of LSR in the coming years.
Europe Market Analysis
Europe market is likely to register a rapid revenue CAGR by the end of 2037 owing to rising demand for eco-friendly building materials and increasing investments in developing advanced technologies Silicone sealant application in buildings, particularly residential construction, presents major revenue prospects to chemical producers in this region. In addition, rising need for biocompatible materials like LSR for medical equipment and a high focus on developing innovative LSR formulations tailored for niche applications, driving market expansion in the region.
Germany is a major automotive hub and home to major automotive companies like BMW, Volkswagen, and Daimler, fueling the demand for advanced solutions, including liquid silicone rubbers. Other factors such as stringent environmental regulations, growing demand for consumer goods, cosmetics, and electric vehicles, and high focus on green and energy-efficient buildings are expected to boost market growth in the country.
Companies Dominating the Liquid Silicone Rubber Market
- Wacker Chemical AG
- Company Overview
- Business Strategy
- Key Product Offerings
- Financial Performance
- Key Performance Indicators
- Risk Analysis
- Recent Development
- Regional Presence
- SWOT Analysis
- The Dow Chemical Company
- Quantum Silicones, Inc.
- SHENZHEN LIANHUAN SILICONE RUBBER CO., LTD.
- KCC Corporation
- Simtec Silicone Parts, LLC
- Avantor, Inc.
- RICO Elastomere Projecting GmbH
- MESGO S.p.A.
- Shenzhen Hong Ye Jie Technology Co., Ltd.
The global liquid silicon rubber market is experiencing significant growth, driven by rising applications across several sectors such as healthcare, automotive, electronics, and consumer goods. Key players in the market are focused on developing LSR with superior properties such as flexibility, durability, and resistance to extreme temperatures. These companies are focused on adopting several strategies such as mergers and acquisitions, partnerships, joint ventures, license agreements, and product launches. Here is a list of key players operating in the global liquid silicon rubber market:
In the News
- In December 2022, Dow launched a series of selective adhesive (SA) LSR products, SILTASTIC SA 994X designed for the mobility and transportation sectors. These are primer-less self-adhesive LSRs available in standard and self-lubricating versions.
- In April 2022, Shin-Etsu Chemical Co. Ltd announced the launch of a new liquid silicon rubber product, the KCP Series that releases cyclopentanone at the time of the curing reaction. The new series KCP-100, KCP-101, and KCP-102 are developed to meet the expectations of the consumers and are superior to existing products.
Author Credits: Rajrani Baghel
- Report ID: 5168
- Published Date: Jan 29, 2025
- Report Format: PDF, PPT
