Liquid Silicone Rubber Market Share

APAC Market Forecast

The liquid silicone rubber market in Asia Pacific is poised to garner the highest share of about 30% over the forecast period, backed by growing demand for automotive. As per predictions, approximately 36 million passenger automobiles were sold in the Asia-Pacific area in 2022, including the Middle East, with approximately 22 million of the majority of sales occurring in China. LSR gaskets, valves, O-rings, grommets, sealed connectors, single wire seals, and various other molded automotive parts that must adhere to strict standards and specifications are necessary for high-performance automotive. Hence, with the growing demand for automobiles, the market demand in this region is also growing.

European Market Analysis

The liquid silicone rubber market in Europe is also slated to have significant growth by the end of 2037. The region's silicone rubber market is predicted to expand as demand for eco-friendly building materials increases. Silicone sealant application in buildings, particularly residential construction, presents major revenue prospects to chemical producers in this region. Since, they may employ these building supplies to increase or promote their green-building ratings, organizations in the construction and building sector are using silicone rubber components in glazing, insulating glass, and weather sealing in this region.