According to the latest report by IMARC Group, titled “Liquid Silicone Rubber Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027,” the global liquid silicone rubber market size reached US$ 2.2 Billion in 2021. Looking forward, IMARC Group expects the market to reach US$ 3.6 Billion by 2027, exhibiting a growth rate (CAGR) of 8.79% during 2022-2027.
Liquid silicone rubber (LSR) represents a dense, durable, and highly resistant elastomer prepared to utilize an injection molding method that provides ease of processing, part consistency, and enhanced productivity. It offers numerous benefits, including excellent weatherability, chemical stability, heat and abrasion resistance, electrical insulation properties, etc. Liquid silicone rubber can also withstand extreme temperature and harsh environmental conditions, such as wind, rain, and ultraviolet (UV) rays. As a result, it is commonly utilized in industrial tools that require high strength, resistance, and quality. Liquid silicone rubber is also extensively used to produce medical equipment, such as prostheses or organ parts.
We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.
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The growing number of organ failure cases due to the expanding geriatric population and the rising prevalence of chronic diseases is one of the primary factors driving the liquid silicone rubber market. Moreover, the escalating need for minimizing the risk of contamination and improving the safety of medical devices is further propelling the market growth. Additionally, the increasing product utilization in the automotive industry to manufacture small and complex elastomeric parts at high speeds and optimum productivity is acting as another growth-inducing factor. Besides this, the emerging trend of industrial automation and the growing demand for precision manufacturing are projected to cater to the growth of the liquid silicone rubber market in the coming years.
Base Year: 2021
Forecast Year: 2022-2027
Liquid Silicone Rubber Market 2022-2027 Analysis and Segmentation:
The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market.
Competitive Landscape Key Player:
Avantor Inc., Elkem ASA (China National Chemical Corporation), Jiangsu Tianchen New Materials Co. Ltd, Momentive Performance Materials Inc., Reiss Manufacturing Inc., Shin-Etsu Chemical Co. Ltd., Simtec Silicone Parts LLC (The Rico Group), Stockwell Elastomerics Inc., The Dow Chemical Company and Wacker Chemie AG.
The report has segmented the market on the basis on region, grade, curing system, end user industry.
Breakup by Grade:
- Food Grade
- Industrial Grade
- Medical Grade
Breakup by Curing System:
- Injection Molding
- Peroxide Cure System
- Platinum-Based Cure System
- Condensation Cure System
Breakup by End User Industry:
- Electrical and Electronics
- Cosmetic and Personal Care
- Consumer Goods
Breakup by Region:
- North America (United States, Canada)
- Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, Others)
- Europe (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
- Latin America (Brazil, Mexico, Others)
- Middle East and Africa
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Key highlights of the report:
- Market Performance (2016-2021)
- Market Outlook (2022-2027)
- Porter’s Five Forces Analysis
- Market Drivers and Success Factors
- SWOT Analysis
- Value Chain
- Comprehensive Mapping of the Competitive Landscape
If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.
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