Liquid Silicone Rubber Market - Forecasts from 2025 to 2030

The liquid silicone rubber market is projected to grow at a CAGR of 7.95% over the forecast period, increasing from US$3.962 billion in 2025 to US$5.808 billion by 2030.

The liquid silicone rubber market is witnessing significant growth during the mentioned timeframe. The growing demand from the automotive industry, particularly electric vehicles, and healthcare, is the major factor propelling the market to grow. Its growing usage in consumer goods and electronics is also driving the market to expand.

Market Trends

• Rising Electricity Needs: The booming electric vehicle (EV) market is a key factor driving demand for liquid silicone rubber (LSR). As global automakers pivot to cleaner, energy-efficient technologies, LSR is increasingly used in EVs for lightweight components to reduce vehicle weight, heat-resistant parts to endure high temperatures, and other applications.
• Automotive Sector Growth: The shift to electric and hybrid vehicles continues to propel the LSR market. LSR's thermal stability, flexibility, and weather resistance make it ideal for under-the-hood components like seals, gaskets, and vibration-damping parts. In EVs, LSR is critical for battery enclosures and electronic components due to its effective thermal management and sealing properties. Additionally, the rise of advanced vehicle technologies, such as autonomous driving and smart interiors, fuels demand for durable, safe, and reliable materials like LSR.
• North American Market: The North American LSR market is divided into the United States, Canada, and Mexico. In the U.S., the healthcare sector drives growth, leveraging LSR's biocompatibility, optical clarity, and bacterial resistance for implants, medical devices, and other critical applications. The automotive industry also plays a significant role, with LSR's elasticity, heat stability, and durability being essential for advanced gaskets, seals, and components, especially amid increasing vehicle production and the shift to electric vehicles (EVs).

Some of the major players covered in this report include The Dow Chemical Company, KCC Corporation, Elkem Silicones (China National Bluestar Group), Wacker Chemie AG, SIMTEC Silicone Parts LLC, Nano Tech Chemical Brothers Pvt. Ltd., Shin-Etsu Chemical Co., Ltd. among others.

Key Benefits of this Report:

• Insightful Analysis: Gain detailed market insights covering major as well as emerging geographical regions, focusing on customer segments, government policies and socio-economic factors, consumer preferences, industry verticals, and other sub-segments.
• Competitive Landscape: Understand the strategic maneuvers employed by key players globally to understand possible market penetration with the correct strategy.
• Market Drivers & Future Trends: Explore the dynamic factors and pivotal market trends and how they will shape future market developments.
• Actionable Recommendations: Utilize the insights to exercise strategic decisions to uncover new business streams and revenues in a dynamic environment.
• Caters to a Wide Audience: Beneficial and cost-effective for startups, research institutions, consultants, SMEs, and large enterprises.

How can the data from this report be utilized?

Industry & Market Insights, Opportunity Assessment, Product Demand Forecasting, Market Entry Strategy, Geographical Expansion, Capital Investment Decisions, Regulatory Framework & Implications, New Product Development, and Competitive Intelligence.

Report Coverage

• Historical data from 2022 to 2024 & forecast data from 2025 to 2030
• Growth Opportunities, Challenges, Supply Chain Outlook, Regulatory Framework, and Trend Analysis
• Competitive Positioning, Strategies, and Market Share Analysis
• Revenue Growth and Forecast Assessment of segments and regions including countries
• Company Profiling (Strategies, Products, Financial Information, and Key Developments among others)

Liquid Silicone Rubber Market Segmentation:

By Grade Type

• Food
• Medical
• Industrial

By Industry Vertical

• Consumer Electronics
• Automotive
• Healthcare
• Others

By Application

• Injection Molding Components
• Seals & Gaskets
• Medical Devices & Implants
• Electrical Insulation
• Coatings & Encapsulation
• Others

By Region

• North America
  • USA
  • Canada
  • Mexico
• South America
  • Brazil
  • Argentina
  • Others
• Europe
  • Germany
  • France
  • United Kingdom
  • Spain
  • Others
• Middle East and Africa
  • Saudi Arabia
  • UAE
  • Israel
  • Others
• Asia-Pacific
  • China
  • Japan
  • India
  • South Korea
  • Indonesia
  • Taiwan
  • Others