Liquid Silicone Rubber Market Size

Liquid Silicone Rubber Market size was over USD 3.58 billion in 2024 and is projected to cross USD 11.07 billion by the end of 2037, witnessing more than 9.1% CAGR during the forecast period i.e., between 2025-2037. In the year 2025, the industry size of liquid silicone rubber is estimated at USD 3.84 billion.

This growth of the sector is estimated to rise on account of the growing demand for wearable technology such as smartwatches. For instance, by the end of 2023, there are estimated to be approximately 223 million people using smartwatches all around the world. Hence, the demand for liquid silicone rubber is growing. For such devices, liquid silicone rubber (LSR) is a crucial component.

LSR exhibits many benefits, including a smooth tactile texture that prevents irritation to the skin in long-term skin contact operations and consistent sealing performance for fluid route applications that inhibits the permeability of leachable and extractable. Additionally, growing obesity among people is also estimated to drive the demand for smart wearable device further boosting the liquid silicone rubber market growth. According to the World Health Organization, over 1 billion individuals, including 650 million adults, 340 million teenagers, and 39 million toddlers, were obese in 2022.