Liquid Silicone Rubber Market Outlook:
Liquid Silicone Rubber Market size was valued at USD 3.16 billion in 2025 and is expected to reach USD 7.55 billion by 2035, expanding at around 9.1% CAGR during the forecast period i.e., between 2026-2035. In the year 2026, the industry size of liquid silicone rubber is evaluated at USD 3.42 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.
