Global Liquid Silicone Rubber Market Report Size, Trends & Growth Opportunity, By Type (Food Grade LSR, Industrial Grade LSR, and Medical Grade LSR), By End-user Industry (Healthcare and Medical Devices, Automotive, Electrical and Electronics, Consumer Goods, Beauty and Personal Care, and Other End-user Industries) and By Region (North America, Europe, Asia Pacific, Latin America, Middle East & South Africa) And Forecast Till 2030.

Global Liquid Silicone Rubber Market

The Global Liquid Silicone Rubber Market is predicted to develop from its estimated value of USD 2.91 billion in 2022 to USD 5.97 billion in 2030, at a CAGR of 9.04 % from 2023 to 2030.

Liquid silicone rubber is a high-performance thermoset elastomer using silicone that has been highly platinum-cured and demonstrates accuracy and efficacy. It offers great tensile strength, is resistant to both high and low temperatures, has a low viscosity, is water-resistant, and has defoaming qualities. In the medical sector, it is used in surgical instruments and equipment such as tracheal tubes, catheters, liquid feeding bottles, and others.

Market Drivers

Liquid silicone rubber (LSR) has a variety of special qualities, including electrical resistance, chemical inertness, and the capacity to sustain very high temperatures. These characteristics have made it possible for them to be widely used in the medical, electrical & electronics, automotive, and several other fields and industries. The growing elderly population is a result of the medical industry's demand for implants and technologies.

Market Restraints

The medical industry's strict rules and regulations limit the market growth. The number of rules governing the use of materials in medical devices, implants, and kitchenware products has increased. To maintain their market position, manufacturers must follow strict rules and regulations.

Market Segmentation

The Global Liquid Silicone Rubber Market is segmented into Type (Food Grade LSR, Industrial Grade LSR, and Medical Grade LSR), End-user Industry (Healthcare and Medical Devices, Automotive, Electrical and Electronics, Consumer Goods, Beauty and Personal Care, and Other End-user Industries) and Region (North America, Europe, Asia Pacific, Latin America, Middle East & South Africa).

Regional Analysis

The strict rules and regulations of the medical industry limit the market growth. The number of rules that govern the use of materials in medical devices, implants, and kitchenware has grown. Manufacturers must adhere to strict rules and regulations to maintain their market position. LSR is widely used in the automotive industry to produce small and complex elastomeric parts. As a result of the Asia-Pacific region's growing automotive sector, demand for LSR is expected to rise.

Key Players

The Key Players in the Global Liquid Silicone Rubber Market are NuSil Technology LLC, Simtec Silicone Parts, LLC, Stockwell Elastomerics Inc., Shin-Etsu Chemical Co. Ltd., Momentive Performance Materials Inc., Bluestar Silicones (Elkem Group), Wacker Chemie AG,KCC Corporation and Laur Silicone. 

Market Taxonomy

Type
•        Food Grade LSR
•        Industrial Grade LSR
•        Medical Grade LSR 

End-user

•        Healthcare and Medical Devices
•        Automotive
•        Electrical and Electronics
•        Consumer Goods
•        Beauty and Personal Care
•        Other End-user Industries

Regional Outlook 

•        North America
•        Europe
•        Asia Pacific
•        Latin America
•        Middle East and South Africa

Global Liquid Silicone Rubber Market 
1 Introduction         
1.1 Objective the Study
1.2 Market definition
1.3 Market Scope
2 Research Methodology
2.1 Data Mining
2.2 Validation
2.3 Primary Interviews
2.4 List of Data Sources
3 Executive Summary
4 Liquid Silicone Rubber Market Outlook
4.1 Overview
4.2 Market Dynamics
4.2.1 Drivers
4.2.2 Restraints
4.2.3 Opportunities
4.2.4 Cumulative Impact due to recent Energy Crisis
4.2.5 Cumulative Impact due to nearing economic downturn 
4.2.6 Post covid-19 world Supply& Demand conditions
4.2.7 Cumulative Impact of Russia-Ukraine Conflict
4.3 Porters Five Force Model
4.4 Value Chain Analysis
5 Liquid Silicone Rubber Market, By Type 
5.1 Y-o-Y Growth Comparison, By Type
5.2 Global Liquid Silicone Rubber Market Share Analysis, By Type 
5.3 Global Liquid Silicone Rubber Market Size and Forecast, By Type
5.3.1. Food Grade LSR  
5.3.2. Industrial Grade LSR  
5.3.3. Medical Grade LSR
6 Global Liquid Silicone Rubber Market, By End-user
6.1 Y-o-Y Growth Comparison, By End-user
6.2 Liquid Silicone Rubber Market Share Analysis, By End-user 
6.3 Liquid Silicone Rubber Market Size and Forecast, By End-user 
6.3.1 Healthcare and Medical Devices 
6.3.2 Automotive 
6.3.3 Electrical and Electronics 
6.3.4 Consumer Goods 
6.3.5 Beauty and Personal Care 
6.3.6 Other End-user Industries 
7 Global Liquid Silicone Rubber Market, By Region
7.1 Global Liquid Silicone Rubber Market Share Analysis, By Region
7.2 Global Liquid Silicone Rubber Market Size and Forecast, By Region
8 North America Liquid Silicone Rubber Market Analysis and Forecast (2023-2030)
8.1 Introduction
8.2 North America Liquid Silicone Rubber Market Size and Forecast, By Type
8.3 North America Liquid Silicone Rubber Market Size and Forecast, By End-user
8.4 North America Liquid Silicone Rubber Market Size and Forecast, By Country
8.4.1 U.S.
8.4.2 Canada
8.4.3 Mexico
9 Europe Liquid Silicone Rubber Market Analysis and Forecast (2023-2030)
9.1 Introduction
9.2 Europe Liquid Silicone Rubber Market Share Analysis, By Type
9.3 Europe Liquid Silicone Rubber Market Size and Forecast, By End-user
9.4 Europe Liquid Silicone Rubber Market Size and Forecast, By Country
9.4.1 Germany
9.4.2 France
9.4.3 UK
9.4.4 Rest of Europe
10 Asia Pacific Liquid Silicone Rubber Market Analysis and Forecast (2023-2030)
10.1 Introduction
10.2 Asia Pacific Liquid Silicone Rubber Market Share Analysis, By Type
10.3 Asia Pacific Liquid Silicone Rubber Market Size and Forecast, By End-user 
10.4 Asia Pacific Liquid Silicone Rubber Market Size and Forecast, By Country
10.4.1 China        
10.4.2 Japan
10.4.3 India
10.4.4. Rest of Asia Pacific
11 Latin America Liquid Silicone Rubber Market Analysis and Forecast (2023-2030)
11.1 Introduction
11.2 Latin America Liquid Silicone Rubber Market Share Analysis, By Type
11.3 Latin America Liquid Silicone Rubber Market Size and Forecast, By End-user
11.4 Latin America Liquid Silicone Rubber Market Size and Forecast, By Country
11.4.1. Brazil
11.4.2. Rest of Latin America
12 Middle East Liquid Silicone Rubber Market Analysis and Forecast (2023-2030)
12.1 Introduction
12.2 Middle East Liquid Silicone Rubber Market Share Analysis, By Type
12.3 Middle East Liquid Silicone Rubber Market Size and Forecast, End-user
12.4 Middle East Liquid Silicone Rubber Market Size and Forecast, By Country
12.4.1. Saudi Arabia
12.4.2. UAE
12.4.3. Egypt
12.4.4. Kuwait
12.4.5. South Africa
13 Competitive Analysis
13.1 Competition Dashboard
13.2 Market share Analysis of Top Vendors
13.3 Key Development Strategies
14 Company Profiles
14.1. NuSil Technology LLC
14.1.1 Overview
14.1.2 Offerings
14.1.3 Key Financials
14.1.4 Business Segment & Geographic Overview
14.1.5 Key Market Developments
14.1.6 Key Strategies
14.2. Simtec Silicone Parts
14.2.1 Overview
14.2.2 Offerings
14.2.3 Key Financials
14.2.4 Business Segment & Geographic Overview
14.2.5 Key Market Developments
14.2.6 Key Strategies
14.3. LLC
14.3.1 Overview
14.3.2 Offerings
14.3.3 Key Financials
14.3.4 Business Segment & Geographic Overview
14.3.5 Key Market Developments
14.3.6 Key Strategies
14.4 Stockwell Elastomerics Inc 
14.4.1 Overview
14.4.2 Offerings
14.4.3 Key Financials
14.4.4 Business Segment & Geographic Overview
14.4.5 Key Market Developments
14.4.6 Key Strategies
14.5 Shin-Etsu Chemical Co. Ltd
14.5.1 Overview
14.5.2 Offerings
14.5.3 Key Financials
14.5.4 Business Segment & Geographic Overview
14.5.5 Key Market Developments
14.5.6 Key Strategies
14.6 Momentive Performance Materials Inc
14.6.1 Overview
14.6.2 Offerings
14.6.3 Key Financials
14.6.4 Business Segment & Geographic Overview
14.6.5 Key Market Developments
14.6.6 Key Strategies
14.7 Bluestar Silicones (Elkem Group)
14.7.1 Overview
14.7.2 Offerings
14.7.3 Key Financials
14.7.4 Business Segment & Geographic Overview
14.7.5 Key Market Developments
14.7.6 Key Strategies
14.8 Wacker Chemie AG
14.8.1 Overview
14.8.2 Offerings
14.8.3 Key Financials
14.8.4 Business Segment & Geographic Overview
14.8.5 Key Market Developments
14.8.6 Key Strategies
14.9 KCC Corporation
14.9.1 Overview
14.9.2 Offerings
14.9.3 Key Financials
14.9.4 Business Segment & Geographic Overview
14.9.5 Key Market Developments
14.9.6 Key Strategies
14.10 Laur Silicones
14.10.1 Overview
14.10.2 Offerings
14.10.3 Key Financials
14.10.4 Business Segment & Geographic Overview
14.10.5 Key Market Developments
14.10.6 Key Strategies