The Global Liquid Silicone Rubber Market Size is estimated to expand rapidly in coming years, at a CAGR of 6.97% from 2018 to 2025. In 2017, the global market valuation was USD 1.67 billion, and it is anticipated to be greater than USD xx.xx billion by 2025. Liquid silicone rubber are a platinum cured two part elastomer that are injected into molds for manufacturing of various parts which includes electronic potting, lighted panel buttons, dampers, noise reduction folds, dialysis filters, soft toys, and others. The liquid silicone rubber market is anticipated to grow due to its increasing application in various end-use industries from cosmetics and home appliances to aerospace, construction and medical devices, coupled with its vast range of operating temperatures from -65 to 150°C. The key functional properties such as bacteria resistance, chemical resistance, biocompatibility, high elongation, high tensile strength, superior dielectric strength, and others are attributed to boost the liquid silicone rubber market in the forecast period.

Global Market Growth Opportunities (Revenue, Growth) By 2017-2025

This global market study report analysis offers in-depth insights, revenue details, and other vital information regarding the global liquid silicone rubber market, and the various trends, drivers, restraints, opportunities, and threats in the target market till 2025. The report offers insightful and detailed information regarding the various key players operating in the market, their financials, supply chain trends, technological innovations, key developments, apart from future strategies, acquisitions & mergers, and market footprint. The global liquid silicone rubber market report has been segmented on the basis of type, application, and region. It includes the estimation of the market size, in terms of value, with respect to 4 main geographies, namely, North America, Europe, APAC, and RoW.    

Market Dynamic

The liquid silicone rubber market is anticipated to propel due to its application in the manufacturing of automotive parts such as custom O-rings, lighted panel buttons, valves, soft touch components, spark plug boots, LED headlights, wiper blades bellows, protective caps, gaskets, and others. The liquid silicone rubber owing to its high tear strength, resistivity towards heat and cold, defoaming properties, weatherability, adhesiveness, and its dielectric properties is driving the liquid silicone rubber market with its addition in automotive manufacturing. According to the Organisation Internationale des Constructeurs d'Automobiles (OICA), the global production of automotive accounts to 97.3 million units in 2017, with a growth of 2.36% globally. Thus, the ability to liquid silicone rubber to minimize waste, automated process, and saving energy in automotive is expected to boost the global liquid silicone rubber market in the forecast period (2018-2025).

Market Segment

The growth of liquid silicone rubber is majorly attributed to its application medical technology and devices, owing to its superior physical properties such as high operating temperatures, stability, heat resistivity, and its feature of not to turn brittle in cold conditions serves as a major benefit for its application in medical devices. The LSR are mainly used for the manufacturing various medical devices and surgical tools such as tracheal tube, oxygen mask, stoppers, rings, closures, liquid feeding bottles, catheters, saccules, dialysis filters, cushioning pads syringe stoppers, and others. According to the World Health Organization (WHO), in 2016, the medical devices market is accounted for US$ 237 billion which is anticipated to grow at a CAGR of 7.8% in the coming years. Thus, the application of liquid silicone rubber in medical devices is in turn anticipated to boost the liquid silicone rubber market in the forecast period. Selection of medical grade liquid silicone rubber over other materials such as latex which causes allergies to 12 to 17% of healthcare workers, according to Food and Drugs Association (FDA), is attributed to propel the liquid silicone rubber market. The use of LSR in medical devices provides a better economies of scale above other materials as they are have super hygienic quality, non-allergenic to skin, and flexibility which makes sure of the comfort in usage of the equipment and devices. Furthermore, all the grades of liquid silicone rubber (LSR) are available commercially in the market which are biocompatible and precisely approved and developed medical application and implants adhering to the regulations by Food and Drugs Administration. Owing to these factors the liquid silicone rubber market is anticipated to propel in the forecast period.

Regional Analysis

The global liquid silicone rubber market is divided into regions that are North America - U.S, Canada, Other; Asia-Pacific -India, Japan, China, Australia, Other; Europe - UK, Russia, France, Brazil, Other; Middle East and Africa. Every region analysis details in sense of growth, revenue, volume, challenges, and opportunities with the regional and global key players. The liquid silicone rubber market is anticipated to be dominated by North America and Asia Pacific being the fastest growing region for the market. The market in North America is expected to dominate owing to its healthcare industry coupled with its increasing demand for disposable medical implants, equipment, and devices are propelling the regional market growth for liquid silicone rubber. According to the World Health Organization (WHO), in 2016, 17% of the population in the United States are aged above 65 which is coupled with the increase in medical attention, which in turn is expected to positively influence the liquid silicone market in North America during in the forecast period.

Global Liquid Silicone Rubber Market Size, Share Analysis By Region 2017

In Asia Pacific, due to low production cost major companies such as Dow Chemicals, Momentive Performance Materials Inc., and others expanding their research & development centers along with manufacturing plants, is in turn expected to boost the liquid silicone rubber market in the forecast period. Middle East and Africa held the measurable growth in the global market in 2018 and will expand at the significant CAGR during the forecast years.    

Global Liquid Silicone Rubber Market Study Objective

1. To forecast the market size of liquid silicone rubber market, along with describing and defining the market, in terms of volume and revenue as well as market opportunities for stakeholders, in order to provide a competitive landscape for global market players.

2. Market analysis and forecast of liquid silicone rubber market on the basis of region, substrate and application or end-use industry. To profile major market players, and to analyze their market shares and essential competencies comprehensively.

3. To analyze and elaborate significant factors that will have major impact on the growth of liquid silicone rubber market, such as drivers, restraints, challenges and opportunities.

4. Regional analysis of liquid silicone rubber market, to induce market size of five global major regions, which include, Europe, North America, South America, Middle East & Africa and Asia Pacific.

5. Strategic analysis of micromarkets, in terms of individual prospects, opportunities, growth trends and their involvement in overall market.

6. To provide detailed analysis of competitive and strategic developments in the liquid silicone rubber market like new product launch, partnership & agreement, investment & expansion, and company merger & acquisitions.

Key Players Landscape   

The liquid silicone rubber market is anticipated to grow as various major companies lining up towards innovations in liquid silicone rubber by their various products. For instance, Wacker Chemie AG, a global chemical company, developed ELASTOSIL, which are applicable to all the end-use industries such as automotive, electronics, textiles, baby articles, domestic appliances, toys, and others. Major players for liquid silicone rubber market include Shin-Etsu Chemical Co., The Dow Chemical Company, Momentive Performance Materials Inc., KCC Corporation, Wacker Chemie AG, and Zhejiang Xinan Chemical Industrial Group among others.

Global Liquid Silicone Rubber Market Study Report Offer You!

The global market study report gives an idea about market size, share, stock, equity, investment and total price analysis. Also, the report provides comprehensively industry insights with all major factors such as market credit, allocation, demand, distribution, market scope, key players, end user & applications, provisions, livestock, commodities and industry economics analysis, future growth & forecast. The global market report includes all depth data like pre-market emphasis, market survey, market investment, industry advice, portfolio, finance, access, trade, market exploration, industry review and market predication & projection to develop effective strategies for optimizing their market position.