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Liquid Silicone Rubber Market Forecast to 2028 - COVID-19 Impact and Global Analysis - by Grade and End User- Product Image
Liquid Silicone Rubber Market Forecast to 2028 - COVID-19 Impact and Global Analysis - by Grade and End User- Product Image
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Liquid Silicone Rubber Market Forecast to 2028 - COVID-19 Impact and Global Analysis - by Grade and End User

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    Report

  • 177 Pages
  • August 2022
  • Region: Global
  • The Insight Partners
  • ID: 5646844
UP TO OFF until Jun 30th 2024
Description Jump to:

The liquid silicone rubber market was valued at US$ 1,249.3 million in 2022 and is projected to reach US$ 1,877.1 million by 2028; it is expected to grow at a CAGR of 7.0% from 2022 to 2028.



The different grades of liquid silicone rubber have different material properties due to their unique chemical structures. Liquid silicone rubber does not react chemically with other materials, including alkaline or acidic products. It is resistant to damage from water, oxidation, UV rays, ozone, and radiation. Thus, the physical and thermal stability of liquid silicone rubber make it a preferred choice over other elastomeric polymers. Moreover, the material can maintain its physical properties over a wide range of temperatures, high and low points. The healthcare, automotive, consumer goods, electrical, and electronics industries are among the major consumers of liquid silicone rubber. Automotive production has increased significantly in the last few years, which creates a huge demand for liquid silicone rubber. Liquid silicone rubber is used in tire additives, engine gaskets, navigation displays, foam padding, and many other applications in the automotive sector. In addition, the surging use of liquid silicone rubber in medical implants and devices is propelling the liquid silicone rubber market growth.

Further, the growing application of liquid silicone rubber in the consumer electronics industry is expected to offer lucrative opportunities for the liquid silicone rubber market players in the coming years. Liquid silicone rubber make electrical & electronic equipment more reliable. In addition, green design has become the norm, these factors have created demand for liquid silicone rubber materials that offer higher quality, higher functionality, and more eco-friendly properties. Liquid silicone rubber is commonly used in power control units which is essential in making of consumer electronics, hybrid vehicles, electric vehicles, telecommunications, and optoelectronics, including eco-friendly LEDs. However, high manufacturing and processing costs restrain the liquid silicone rubber market growth. Silicone which is used in the manufacturing of liquid silicone rubber is costly as it requires more energy to manufacture, as conversion of sand to high purity silica, then further refinement of silica before chemical reaction that polymerise it makes it costly.

The liquid silicone rubber market, based on grade, has been segmented into food, medical, and industrial. The medical segment held the largest market share in 2021. Medical-grade liquid silicone rubber finds applications in the medical, healthcare, and life sciences industries. It has emerged as a key material in medical applications as it can be used in an array of life-saving medical devices, such as pacemakers and hydrocephalic shunts. Hardness, tensile strength, compression set, and fluid/water resistance of medical-grade liquid silicone rubber contribute to their demand in this industry. The hydrophobicity of this material resists the growth of bacteria and fungi.

In 2021, Asia Pacific held the largest share of the liquid silicone rubber market. The growing trend of industrialization, coupled with increased use of liquid silicone rubber in the automotive and healthcare industries, is the major factor favoring the liquid silicone rubber market growth in this region. India is one of the major markets for the production of medical devices and equipment. Further, the expansion of electronics production capacities is driving the demand for the liquid silicone rubbers in Asia Pacific. The market players are extensively presenting product portfolios, including sealants, coatings, single- or two-component liquid rubbers, and adhesives for end users in this region. South Korea is one of key markets for liquid silicone rubbers in this region, which can be related to the increasing presence of the cosmetics industry in the country.

Major players operating in the liquid silicone rubber market include Avantor, Inc.; Beacon Medtech Solutions; Dow Inc.; MOMENTIVE; Wacker Chemie AG; CHT Germany GmbH; Elkem Asa; KCC Silicone Corporation; Shin Etsu Chemical Co. Ltd.; and Stockwell Elastometrics Inc. The market players are focusing on investing significant resources in research and development activities for providing high-quality products to meet the customer demands. They are also focused on the expansion of their production capacities and geographic presence.


The size of overall liquid silicone rubber market has been derived using both primary and secondary sources. To begin the research process, exhaustive secondary research has been conducted using internal and external sources to obtain qualitative and quantitative information related to the market. Also, multiple primary interviews have been conducted with industry participants to validate the data obtained through secondary research and gain more analytical insights into the topic. The participants of this process include VPs, business development managers, market intelligence managers, national sales managers, and external consultants - such as valuation experts, research analysts, and key opinion leaders - specializing in the liquid silicone rubber market.


Table of Contents

1. Introduction
1.1 Study Scope
1.2 Research Report Guidance
1.3 Market Segmentation
1.3.1 Liquid Silicone Rubber Market, by Grade
1.3.2 Liquid Silicone Rubber Market, by End Users
1.3.3 Liquid Silicone Rubber Market, by Geography
2. Key Takeaways
3. Research Methodology
3.1 Scope of the Study
3.2 Research Methodology
3.2.1 Data Collection:
3.2.2 Primary Interviews:
3.2.3 Hypothesis formulation:
3.2.4 Macro-economic factor analysis:
3.2.5 Developing base number:
3.2.6 Data Triangulation:
3.2.7 Country level data:
4. Liquid Silicone Rubber Market Landscape
4.1 Market Overview
4.2 Porter's Five Forces Analysis
4.2.1 Bargaining Power of Suppliers
4.2.2 Bargaining Power of Buyers
4.2.3 Threat of New Entrants
4.2.4 Competitive Rivalry
4.2.5 Threat of Substitutes
4.3 Ecosystem Analysis
4.3.1 Raw Material Suppliers
4.3.2 Manufacturers
4.3.3 Distributors/Suppliers
4.3.4 End Users
4.4 Expert Opinion
5. Liquid Silicone Rubber Market - Key Market Dynamics
5.1 Market Drivers
5.1.1 Rising Demand for Silicone Rubber in Automotive Industry
5.1.2 Fueling Application of Liquid Silicone Rubber in Medical Implants and Devices
5.2 Market Restrain
5.2.1 High Cost Associated with Manufacturing and Processing
5.3 Market Opportunities
5.3.1 Surging Application in Consumer Electronics Industry Favors the Liquid Silicone Rubber
5.4 Market Future Trends
5.4.1 Increasing Investment in New Product launch from Market Players
5.5 Impact Analysis
6. Liquid Silicone Rubber - Global Market Analysis
6.1 Liquid Silicone Rubber Market Overview
6.2 Liquid Silicone Rubber Market -Volume and Forecast to 2028 (Tons)
6.3 Liquid Silicone Rubber Market -Revenue and Forecast to 2028 (US$ Million)
6.4 Competitive Positioning - Key Market Players
7. Liquid Silicone Rubber Market Analysis - By Grade
7.1 Overview
7.2 Liquid Silicone Rubber Market, By Grade (2021 and 2028)
7.3 Food
7.3.1 Overview
7.3.2 Food: Liquid Silicone Rubber Market - Revenue and Forecast to 2028 (US$ Mn)
7.3.3 Food: Liquid Silicone Rubber Market -Volume and Forecast to 2028 (Kilo Tons)
7.4 Medical
7.4.1 Overview
7.4.2 Medical: Liquid Silicone Rubber Market - Revenue and Forecast to 2028 (US$ Mn)
7.4.3 Medical: Liquid Silicone Rubber Market -Volume and Forecast to 2028 (Kilo Tons)
7.5 Industrial
7.5.1 Overview
7.5.2 Industrial: Liquid Silicone Rubber Market - Revenue and Forecast to 2028 (US$ Mn)
7.5.3 Industrial: Liquid Silicone Rubber Market -Volume and Forecast to 2028 (Kilo Tons)
8. Liquid Silicone Rubber Market Analysis - By End User
8.1 Overview
8.2 Liquid Silicone Rubber Market, By End User (2021 and 2028)
8.3 Healthcare
8.3.1 Overview
8.3.2 Healthcare: Liquid Silicone Rubber Market - Revenue and Forecast to 2028 (US$ Mn)
8.4 Automotive
8.4.1 Overview
8.4.2 Automotive: Liquid Silicone Rubber Market - Revenue and Forecast to 2028 (US$ Mn)
8.5 Consumer Goods
8.5.1 Overview
8.5.2 Consumer Goods: Liquid Silicone Rubber Market - Revenue and Forecast to 2028 (US$ Mn)
8.6 Electrical and Electronics
8.6.1 Overview
8.6.2 Electrical and Electronics: Liquid Silicone Rubber Market - Revenue and Forecast to 2028 (US$ Mn)
8.7 Others
8.7.1 Overview
8.7.2 Others: Liquid Silicone Rubber Market - Revenue and Forecast to 2028 (US$ Mn)
9. Liquid Silicone Rubber Market - Geographic Analysis
9.1 Overview
9.2 North America: Liquid Silicone Rubber Market
9.2.1 North America: Liquid Silicone Rubber Market -Revenue and Forecast to 2028 (US$ Million)
9.2.2 North America: Liquid Silicone Rubber Market -Volume and Forecast to 2028 (Tons)
9.2.3 North America: Liquid Silicone Rubber Market, by Grade
9.2.4 North America: Liquid Silicone Rubber Market, by End-User
9.2.5 North America: Liquid Silicone Rubber Market, by Key Country
9.2.5.1 US: Liquid Silicone Rubber Market-Analysis and Forecast to 2028 (US$ Million)
9.2.5.1.1 US: Liquid Silicone Rubber Market, by Grade
9.2.5.1.2 US: Liquid Silicone Rubber Market, by End-User
9.2.5.2 Canada: Liquid Silicone Rubber Market-Analysis and Forecast to 2028 (US$ Million)
9.2.5.2.1 Canada: Liquid Silicone Rubber Market, by Grade
9.2.5.2.2 Canada: Liquid Silicone Rubber Market, by End-User
9.2.5.3 Mexico: Liquid Silicone Rubber Market-Revenue and Forecast to 2028 (US$ Million)
9.2.5.3.1 Mexico: Liquid Silicone Rubber Market, by Grade
9.2.5.3.2 Mexico: Liquid Silicone Rubber Market, by End-User
9.3 Europe: Liquid Silicone Rubber Market
9.3.1 Europe: Liquid Silicone Rubber Market -Revenue and Forecast to 2028 (US$ Million)
9.3.2 Europe: Liquid Silicone Rubber Market, by Grade
9.3.3 Europe: Liquid Silicone Rubber Market, by End User
9.3.4 Europe: Liquid Silicone Rubber Market, by Key Country
9.3.4.1 Germany: Liquid Silicone Rubber Market -Revenue and Forecast to 2028 (US$ Million)
9.3.4.1.1 Germany: Liquid Silicone Rubber Market, by Grade
9.3.4.1.2 Germany: Liquid Silicone Rubber Market, by Grade
9.3.4.1.3 Germany: Liquid Silicone Rubber Market, by End User
9.3.4.2 France: Liquid Silicone Rubber Market -Revenue and Forecast to 2028 (US$ Million)
9.3.4.2.1 France: Liquid Silicone Rubber Market, by Grade
9.3.4.2.2 France: Liquid Silicone Rubber Market, by Grade
9.3.4.2.3 France: Liquid Silicone Rubber Market, by End User
9.3.4.3 Italy: Liquid Silicone Rubber Market -Revenue and Forecast to 2028 (US$ Million)
9.3.4.4 Italy: Liquid Silicone Rubber Market -Volume and Forecast to 2028 (Tons)
9.3.4.4.1 Italy: Liquid Silicone Rubber Market, by Grade
9.3.4.4.2 Italy: Liquid Silicone Rubber Market, by End User
9.3.4.5 UK: Liquid Silicone Rubber Market -Revenue and Forecast to 2028 (US$ Million)
9.3.4.6 UK: Liquid Silicone Rubber Market -Volume and Forecast to 2028 (Tons)
9.3.4.6.1 UK: Liquid Silicone Rubber Market, by Grade
9.3.4.6.2 UK: Liquid Silicone Rubber Market, by End User
9.3.4.7 Russia: Liquid Silicone Rubber Market -Revenue and Forecast to 2028 (US$ Million)
9.3.4.8 Russia: Liquid Silicone Rubber Market -Volume and Forecast to 2028 (Tons)
9.3.4.8.1 Russia: Liquid Silicone Rubber Market, by Grade
9.3.4.8.2 Russia: Liquid Silicone Rubber Market, by End User
9.3.4.9 Rest of Europe: Liquid Silicone Rubber Market -Revenue and Forecast to 2028 (US$ Million)
9.3.4.9.1 Rest of Europe: Liquid Silicone Rubber Market, by Grade
9.3.4.9.2 Rest of Europe: Liquid Silicone Rubber Market, by End User
9.4 Asia Pacific: Liquid Silicone Rubber Market
9.4.1 Asia Pacific: Liquid Silicone Rubber Market -Revenue and Forecast to 2028 (US$ Million)
9.4.2 Asia Pacific: Liquid Silicone Rubber Market, by Grade
9.4.3 Asia Pacific: Liquid Silicone Rubber Market, by End User
9.4.4 Asia Pacific: Liquid Silicone Rubber Market, by Key Country
9.4.4.1 Australia: Liquid Silicone Rubber Market -Revenue and Forecast to 2028 (US$ Million)
9.4.4.2 Australia: Liquid Silicone Rubber Market -Volume and Forecast to 2028 (Tons)
9.4.4.2.1 Australia: Liquid Silicone Rubber Market, by Grade
9.4.4.2.2 Australia: Liquid Silicone Rubber Market, by Grade
9.4.4.2.3 Australia: Liquid Silicone Rubber Market, by End User
9.4.4.3 China: Liquid Silicone Rubber Market -Revenue and Forecast to 2028 (US$ Million)
9.4.4.4 China: Liquid Silicone Rubber Market -Volume and Forecast to 2028 (Tons)
9.4.4.4.1 China: Liquid Silicone Rubber Market, by Grade
9.4.4.4.2 China: Liquid Silicone Rubber Market, by Grade
9.4.4.4.3 China: Liquid Silicone Rubber Market, by End User
9.4.4.5 India: Liquid Silicone Rubber Market -Revenue and Forecast to 2028 (US$ Million)
9.4.4.6 India: Liquid Silicone Rubber Market -Volume and Forecast to 2028 (Tons)
9.4.4.6.1 India: Liquid Silicone Rubber Market, by Grade
9.4.4.6.2 India: Liquid Silicone Rubber Market, by Grade
9.4.4.6.3 India: Liquid Silicone Rubber Market, by End User
9.4.4.7 Japan: Liquid Silicone Rubber Market -Revenue and Forecast to 2028 (US$ Million)
9.4.4.8 Japan: Liquid Silicone Rubber Market -Volume and Forecast to 2028 (Tons)
9.4.4.8.1 Japan: Liquid Silicone Rubber Market, by Grade
9.4.4.8.2 Japan: Liquid Silicone Rubber Market, by Grade
9.4.4.8.3 Japan: Liquid Silicone Rubber Market, by End User
9.4.4.9 South Korea: Liquid Silicone Rubber Market -Revenue and Forecast to 2028 (US$ Million)
9.4.4.10 South Korea: Liquid Silicone Rubber Market -Volume and Forecast to 2028 (Tons)
9.4.4.10.1 South Korea: Liquid Silicone Rubber Market, by Grade
9.4.4.10.2 South Korea: Liquid Silicone Rubber Market, by Grade
9.4.4.10.3 South Korea: Liquid Silicone Rubber Market, by End User
9.4.4.11 Rest of Asia Pacific: Liquid Silicone Rubber Market -Revenue and Forecast to 2028 (US$ Million)
9.4.4.12 Rest of Asia Pacific: Liquid Silicone Rubber Market -Volume and Forecast to 2028 (Tons)
9.4.4.12.1 Rest of Asia Pacific: Liquid Silicone Rubber Market, by Grade
9.4.4.12.2 Rest of Asia Pacific: Liquid Silicone Rubber Market, by End User
9.5 Middle East and Africa: Liquid Silicone Rubber Market
9.5.1 Middle East and Africa: Liquid Silicone Rubber Market -Revenue and Forecast to 2028 (US$ Million)
9.5.2 Middle East and Africa: Liquid Silicone Rubber Market, by Grade
9.5.3 Middle East and Africa: Liquid Silicone Rubber Market, by End User
9.5.4 Middle East and Africa: Liquid Silicone Rubber Market, by Key Country
9.5.4.1 South Africa: Liquid Silicone Rubber Market -Revenue and Forecast to 2028 (US$ Million)
9.5.4.2 South Africa: Liquid Silicone Rubber Market -Volume and Forecast to 2028 (Tons)
9.5.4.2.1 South Africa: Liquid Silicone Rubber Market, by Grade
9.5.4.2.2 South Africa: Liquid Silicone Rubber Market, by Grade
9.5.4.2.3 South Africa: Liquid Silicone Rubber Market, by End User
9.5.4.3 Saudi Arabia: Liquid Silicone Rubber Market -Revenue and Forecast to 2028 (US$ Million)
9.5.4.4 Saudi Arabia: Liquid Silicone Rubber Market -Volume and Forecast to 2028 (Tons)
9.5.4.4.1 Saudi Arabia: Liquid Silicone Rubber Market, by Grade
9.5.4.4.2 Saudi Arabia: Liquid Silicone Rubber Market, by Grade
9.5.4.4.3 Saudi Arabia: Liquid Silicone Rubber Market, by End User
9.5.4.5 UAE: Liquid Silicone Rubber Market -Revenue and Forecast to 2028 (US$ Million)
9.5.4.6 UAE: Liquid Silicone Rubber Market -Volume and Forecast to 2028 (Tons)
9.5.4.6.1 UAE: Liquid Silicone Rubber Market, by Grade
9.5.4.6.2 UAE: Liquid Silicone Rubber Market, by Grade
9.5.4.6.3 UAE: Liquid Silicone Rubber Market, by End User
9.5.4.7 Rest of the Middle East & Africa: Liquid Silicone Rubber Market -Revenue and Forecast to 2028 (US$ Million)
9.5.4.7.1 Rest of the Middle East & Africa: Liquid Silicone Rubber Market, by Grade
9.5.4.7.2 Rest of the Middle East & Africa: Liquid Silicone Rubber Market, by Grade
9.5.4.7.3 Rest of the Middle East & Africa: Liquid Silicone Rubber Market, by End User
9.6 South and Central America: Liquid Silicone Rubber Market
9.6.1 South and Central America: Liquid Silicone Rubber Market -Revenue and Forecast to 2028 (US$ Million)
9.6.2 South and Central America: Liquid Silicone Rubber Market, by Grade
9.6.3 South and Central America: Liquid Silicone Rubber Market, by End User
9.6.4 South and Central America: Liquid Silicone Rubber Market, by Key Country
9.6.4.1 Brazil: Liquid Silicone Rubber Market -Revenue and Forecast to 2028 (US$ Million)
9.6.4.2 Brazil: Liquid Silicone Rubber Market -Volume and Forecast to 2028 (Tons)
9.6.4.2.1 Brazil: Liquid Silicone Rubber Market, by Grade
9.6.4.2.2 Brazil: Liquid Silicone Rubber Market, by Grade
9.6.4.2.3 Brazil: Liquid Silicone Rubber Market, by End User
9.6.4.3 Argentina: Liquid Silicone Rubber Market -Revenue and Forecast to 2028 (US$ Million)
9.6.4.4 Argentina: Liquid Silicone Rubber Market -Volume and Forecast to 2028 (Tons)
9.6.4.4.1 Argentina: Liquid Silicone Rubber Market, by Grade
9.6.4.4.2 Argentina: Liquid Silicone Rubber Market, by Grade
9.6.4.4.3 Argentina: Liquid Silicone Rubber Market, by End User
9.6.4.5 Rest of South and Central America: Liquid Silicone Rubber Market -Revenue and Forecast to 2028 (US$ Million)
9.6.4.6 Rest of South and Central America: Liquid Silicone Rubber Market -Volume and Forecast to 2028 (Tons)
9.6.4.6.1 Rest of South and Central America: Liquid Silicone Rubber Market, by Grade
9.6.4.6.2 Rest of South and Central America: Liquid Silicone Rubber Market, by Grade
9.6.4.6.3 Rest of South and Central America: Liquid Silicone Rubber Market, by End User
10. Impact of COVID-19 Pandemic on Global Liquid Silicone Rubber Market
10.1 Overview
10.2 Impact of COVID-19 on Liquid Silicone Rubber Market
10.3 North America: Impact Assessment of COVID-19 Pandemic
10.4 Europe: Impact Assessment of COVID-19 Pandemic
10.5 Asia Pacific: Impact Assessment of COVID-19 Pandemic
10.6 Middle East & Africa: Impact Assessment of COVID-19 Pandemic
10.7 South and Central America: Impact Assessment of COVID-19 Pandemic
11. Industry Landscape
11.1 Overview
11.2 Market Initiative
11.3 New Product Development
11.4 Merger and Acquisition
12. Company Profiles
12.1 Avantor, Inc.
12.1.1 Key Facts
12.1.2 Business Description
12.1.3 Products and Services
12.1.4 Financial Overview
12.1.5 SWOT Analysis
12.1.6 Key Developments
12.2 Beacon Medtech Solutions
12.2.1 Key Facts
12.2.2 Business Description
12.2.3 Products and Services
12.2.4 Financial Overview
12.2.5 SWOT Analysis
12.2.6 Key Developments
12.3 Dow Inc.
12.3.1 Key Facts
12.3.2 Business Description
12.3.3 Products and Services
12.3.4 Financial Overview
12.3.5 SWOT Analysis
12.3.6 Key Developments
12.4 MOMENTIVE
12.4.1 Key Facts
12.4.2 Business Description
12.4.3 Products and Services
12.4.4 Financial Overview
12.4.5 SWOT Analysis
12.4.6 Key Developments
12.5 Wacker Chemie AG
12.5.1 Key Facts
12.5.2 Business Description
12.5.3 Products and Services
12.5.4 Financial Overview
12.5.5 SWOT Analysis
12.5.6 Key Developments
12.6 CHT Germany GmbH
12.6.1 Key Facts
12.6.2 Business Description
12.6.3 Products and Services
12.6.4 Financial Overview
12.6.5 SWOT Analysis
12.6.6 Key Developments
12.7 Elkem Asa
12.7.1 Key Facts
12.7.2 Business Description
12.7.3 Products and Services
12.7.4 Financial Overview
12.7.5 SWOT Analysis
12.7.6 Key Developments
12.8 KCC Silicone Corporation
12.8.1 Key Facts
12.8.2 Business Description
12.8.3 Products and Services
12.8.4 Financial Overview
12.8.5 SWOT Analysis
12.8.6 Key Developments
12.9 Shin Etsu Chemical Co. Ltd.
12.9.1 Key Facts
12.9.2 Business Description
12.9.3 Products and Services
12.9.4 Financial Overview
12.9.5 SWOT Analysis
12.9.6 Key Developments
12.10 Stockwell Elastometrics Inc.
12.10.1 Key Facts
12.10.2 Business Description
12.10.3 Products and Services
12.10.4 Financial Overview
12.10.5 SWOT Analysis
12.10.6 Key Developments
13. Appendix
13.1 About the Publisher
13.2 Glossary of Terms

Companies Mentioned (Partial List)

A selection of companies mentioned in this report includes, but is not limited to:

  • Avantor, Inc.
  • Beacon Medtech Solutions
  • CHT Germany GmbH
  • Dow
  • Elkem ASA
  • KCC Silicone Corporation
  • Momentive
  • Shin-Etsu Chemical Co., Ltd.
  • Stockwell Elastomerics, Inc.
  • Wacker Chemie AG

Table Information

Report AttributeDetails
No. of Pages177
PublishedAugust 2022
Forecast Period2022 - 2028
Estimated Market Value ( USD ) in 2022 $ 1249.3 million
Forecasted Market Value ( USD ) by 2028 $ 1877.1 million
Compound Annual Growth Rate7.0%
Regions CoveredGlobal

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