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Liquid Silicone Rubber Market By Grade (Food , Medical, Industrial), By End-use (Automotive, Healthcare, Consumer Goods, Electrical & Electronics, Others) - Growth, Share, Opportunities & Competitive Analysis, 2019 - 2027

About this report

The global liquid silicone rubber market report explores the critical analysis of the liquid silicone rubber industry using key parameters. The report consists of investment strategies, the need for investments in the liquid silicone rubber industry, and the multiple benefits for the investors. Importantly, this report sets out major changes in the global technical regulations for the liquid silicone rubber industry and how economic and non-economic barriers are helping the liquid silicone rubber market grow. Moreover, the report analyses the global, regional, and country-level historic and forecasted market size. The report also provides a comprehensive analysis of key investment propositions, demand and supply gap, competitors positioning, STAR analysis, SRC analysis, and Tornado analysis. Key technological developments and other analyses such as porter's five forces analysis, PESTEL analysis, value chain analysis, etc.

REPORT ATTRIBUTE DETAILS

Liquid silicone rubber Market by Value

Yes

Liquid silicone rubber Market, Tornado Analysis

Yes

Liquid silicone rubber Market, STAR Analysis

Yes

Liquid silicone rubber Market, SRC Analysis

Yes

Liquid silicone rubber Market Segment Analysis

·         By Grade (Food Grade, Industrial Grade, and Medical Grade)

·         By Curing System (Injection Molding, Peroxide Cure System, Platinum-Based Cure System, and Condensation Cure System)

·         By End Use Industry (Automotive, Healthcare, Electrical and Electronics, Cosmetic and Personal Care, Consumer Goods, and Others)

 

Liquid silicone rubber Market, Regional Analysis

·         North America (US and Canada)

·         Europe (Germany, UK, France, Italy, Spain, and the Rest of Europe)

·         Asia-Pacific (China, India, Japan, South Korea, South East Asia, and the Rest of Asia Pacific)

·         Latin America (Brazil, Mexico, and the Rest of Latin America)

·         The Middle East and Africa (GCC Countries, South Africa, and the Rest of the Middle East and Africa)

Liquid silicone rubber Market Key Companies

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

Liquid silicone rubber Market Competitive Landscape

·         Market Share Analysis

·         Competitive Benchmarking

·         Key Players Market Positioning

·         Geographical Presence Analysis

·         Major Strategies Adopted

Key Highlights of the report

How are the major segments performing in the Liquid Silicone Rubber Market?

  • In 2021, the food-grade segment accounted for the largest share of the market. Due to its odorless, hydrophobic, tasteless, and bacteria-resistant properties, food-grade silicone rubber is widely used in manufacturing kitchenware and bakeware.
  • In 2021, the injection molding segment was anticipated to hold a prominent share in the global liquid silicone rubber market as it is easy to process, provides consistent parts, and improves productivity with injection molding.
  • In 2021, the healthcare segment hold for the largest share of the market. The growing demand for throwaway medical devices and implants has contributed to the growth.

liquid-silicone-rubber-market

Which region dominated the Liquid Silicone Rubber Market?

In 2021, the Asia Pacific region was anticipated to hold a prominent share of the global liquid silicone rubber market. Due to higher growth in automotive production, the Asia Pacific region is the fastest-growing region in automotive applications globally. In particular, China and India are leading the growth in this region due to their rapidly growing economies. The market will grow in the upcoming years due to product innovations, newer applications, and favorable regulations.

How is US Market Performing in the Liquid Silicone Rubber Market?

In 2021, the North American region was anticipated to hold a prominent share of the global liquid silicone rubber market. In the U.S., liquid silicone rubber is widely used in a variety of applications, including medical, automotive, construction, electronics, and others. In the years to come, the medical application market is expected to grow significantly. In addition to Honda, Mercedes-Benz, Kia, Mazda, Toyota, BMW, Volkswagen, Tesla, etc., the United States is one of the world's largest auto manufacturing hubs. As this industry has grown, various research and development initiatives, open investment policies, a skilled workforce, and increasing exports have further contributed to its success.

What is the competitive environment of the Liquid Silicone Rubber Market?

The liquid silicone rubber industry's competitive environment provides information on the entire economic profit made by liquid silicone rubber manufacturers, the sales and revenues created in this sector, the liquid silicone rubber market share globally, the business organization summary, the introduction of new products, and the opportunities for the industrial liquid silicone rubber market. For instance, in February 2018, Dow DuPont Specialty Products division, Dow Medical Solutions introduced two new Dow QP1-33X0 Liquid Silicone Rubber grades. Furthermore, in February 2019, Elkem silicons, currently owned by China National, launched their new LSR product series, an advanced silicon-based material. The LSR SELECT polymer is a single-component polymer that allows molders to control the cure kinetics by adding additives such as LSR SELECT CONTROL and CATA.

Executive Summary

How are Automotive Manufacturers Teaming Up with Stakeholders in Liquid Silicone Rubber Market?

In the automotive industry, the growth of electrification, automation, and autonomous technology drives the demand for industrial-grade liquid silicone rubber. For instance, in April 2022, Dow consumer solutions announced plans to invest in its key projects to reaffirm its position in the transportation and mobility industries. Optical silicone was being improved for lighting applications in automotive and industrial settings. Furthermore, the investment contributed to the development of the existing infrastructure and the production of sustainable solutions. A number of advanced gum mixers have also been installed at the company's Midland plants, which have significantly increased the production of fluorosilicone rubber.

Which are the key investments by the Liquid Silicone Rubber Market players?

Various key players operating in the liquid silicone rubber market are focusing on expansion in production capacities for liquid silicone rubber. Apart from this, players are concentrating on strategic mergers and acquisitions, collaborations and creating awareness among investors via different associations formed to promote smart technological practices to serve more end users in the domestic market to gain a competitive edge. For instance, in May 2016, as part of a global elastomers and plastics processing production network, the Rico Group acquired Simtec Silicone Parts, a U.S. manufacturer of Liquid Silicone Rubber (LSR) parts.

Some major players in the liquid silicone rubber market are 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

What are the Major Driving Factors for the Liquid Silicone Rubber Market?

Liquid silicone rubber demand is expected to be driven by the growing healthcare industry and an aging population in the near future. Burgeoning growth in the electronics sector will also contribute to an increase in demand for liquid silicone rubber. Also, liquid silicon rubber is used for mold making. In addition, the automotive sector is expected to increase demand for liquid silicone rubber during the forecast period. Manufacturers can expect lucrative revenue opportunities due to the growing demand for transparent liquid silicone rubber in optical applications. All these factors boost the demand for liquid silicone rubber, increasing the global market demand.

What are the Major Risks for the Liquid Silicone Rubber Market?

As a result of strict regulations in the medical field, the growth of the liquid silicone rubber market is restrained. There have been increasing regulations covering materials used in implants, medical devices, and kitchenware. Manufacturers must adhere to stringent regulations to maintain their position in the market.

Which is the key end-use in the Liquid Silicone Rubber Market?

The healthcare segment will hold a prominent share of the global liquid silicone rubber market during the forecast period. As a result of its flexibility, sterility, and biocompatibility, liquid silicone rubber is widely used in manufacturing medical devices and equipment in the healthcare sector. In addition to its odorless and tasteless properties, it is suitable for manufacturing medication, oxygen, and food delivery devices. Most commonly, it is used to manufacture tubing, defoamers, and adhesives. FDA-grade liquid silicone rubber, class VI-grade, and platinum cure-grade liquid silicone rubber are among the grades of medical-grade liquid silicone rubber available.

How is the Liquid Silicone Rubber Market performing in regions?

Due to significant automotive, healthcare, and other companies, Asia Pacific is anticipated to dominate the liquid silicone rubber market. A major driving force behind the region's growth is its increasing use in the automotive, healthcare, and consumer goods industries. Healthcare sector is growing due to the need for medical devices and equipment, and the automotive sector is experiencing growth due to the rising demand for vehicles in the region. China, India, and Japan are the top three countries in electronics production. Aside from its superior longevity, UV resistance, temperature resistance, mechanical properties, and flexibility, liquid silicone rubber also has superior durability, UV resistance, and mechanical properties. Thus, it is used to manufacture fiber optic cables, power cables, hybrid cables, etc. Liquid silicone rubbers in the Asia Pacific are in high demand due to their wide range of applications in the electrical and electronics industry.

Furthermore, the North American market is anticipated to hold the largest revenue share in the global liquid silicone rubber market during the forecast period. Liquid silicone rubber market growth will be influenced by the increasing consumption of clinical gadgets along with the development of the medical care industry. The establishment of colossal R&D offices, mechanical advancements in clinical gadgets, and the growing use of LSR in electronic industries also provide new opportunities. Moreover, global organizations are engaging in joint ventures with merchants to facilitate the general market's development.

What is the regulatory landscape for the liquid Silicone rubber market?

Due to strict regulations in the medical field, the liquid silicone rubber market is restrained. Medical devices, implants, and kitchenware have become more sophisticated, and regulations are becoming more stringent. To maintain their market position, manufacturers must comply with stringent regulations.

What is the Market Size of Liquid Silicone rubber regarding value?

The global liquid silicone rubber market is anticipated to grow at a substantial CAGR of 7.50% in the upcoming years. The global Liquid silicone rubber industry was estimated to be worth USD 1.1 billion in 2021 and was expected to be worth USD 1.70 billion by 2028.

What are the major players planning for the future of the Liquid Silicone Rubber market?

Growing regional existence and investment in downstream applications are anticipated to deliver a competitive edge in the silicone market trends. For instance, in October 2019, At K 2019 Germany, a trade fair for plastics and rubber, Wacker Chemie AG also showcased new self-adhesive LSR products. As part of WACKER's effort to expand its self-adhesive liquid silicone rubber portfolio with low friction coefficients, ELASTOSIL LR 3671 and ELASTOSIL LR 3675 have been developed specifically for food technology applications.

Segmentation of Global Liquid Silicone Rubber Market-

Global Liquid Silicone Rubber Market – By Grade

  • Food Grade
  • Industrial Grade
  • Medical Grade

Global Liquid Silicone Rubber Market – By Curing System

  • Injection Molding
  • Peroxide Cure System
  • Platinum-Based Cure System
  • Condensation Cure System

Global Liquid Silicone Rubber Market – By End Use Industry

  • Automotive
  • Healthcare
  • Electrical and Electronics
  • Cosmetic and Personal Care
  • Consumer Goods
  • Others

Global Liquid silicone rubber Market – By Region

  • North America
    • USA
    • Canada
  • Europe
    • Germany
    • France
    • UK
    • Italy
    • Spain
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
    • South-east Asia
    • Rest of Asia Pacific
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America
  • Middle East & Africa
    • GCC Countries
    • South Africa
    • Rest of the Middle East and Africa

Frequently asked questions about the Liquid Silicone Rubber Market

COVID-19 has had a substantial impact on the market due to the outbreak of the COVID-19 pandemic. This has decreased demand for automobiles in this country due to job security and income concerns. This has negatively affected the automotive industry's demand for liquid silicone rubber.

the Asia Pacific accounted for the most heightened share in the global liquid silicone rubber market.

As a result of increased demand from the medical and automotive industries, the overall market is expected to grow significantly over the next few years.

The food grade segment had a major share in the global market in 2021.

The injection molding segment had a major share of the global market in 2021.

Liquid Silicone Rubber Market Scope

Report Attribute Details
Market Value in 2021 USD 1.1 billion
Market Value in 2028 USD 1.70 billion
CAGR 7.50%
Benchmarking Year 2021
Past data 2016 – 2021
Forecast period 2022 – 2028
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Trusted By
Godaddy
Published Date:  Oct 2022
Category:  Advanced Materials
Report ID:   60208
Report Format:   PDF
Pages:   120
Rating:    4.5 (70)
Delivery Time: 24 Hours to 48 Hours   
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