Liquid Silicone Rubber (LSR) Market By Grade (Industrial, Medical & Food), By Application (Automotive, Electrical & Electronics, Consumer Goods and Medical), By Region, Competition, Forecast & Opportunities, 2024

Global Liquid Silicone Rubber (LSR) Market Overview

The global liquid silicone rubber (LSR) market is projected to grow from $1.73 billion in 2018 to $2.26 billion by 2024, exhibiting a CAGR of 4.62% during the forecast period. Huge LSR end-user in consumer goods coupled with the increasing demand for medical grade liquid silicone rubbers are the key factors fueling growth of the global LSR market. The use of medical grade LSR decreases the risk of bacterial infections, thus it is used in skin medications to support functionality and absorption. In the electronics & electrical end-user, LSR is extensively used in electrical potting and insulation.

Global Liquid Silicone Rubber (LSR) Market Segmentation

The global market for liquid silicone rubber (LSR) has been categorized based on grade, end-user industry and regions. On the basis of grade, the liquid silicone rubber (LSR) market has been categorized into the industrial, medical and food segments. Based on the end-user industry, the LSR market has been segmented into consumer goods, automotive, electrical & electronics and medical. Among the various end-user industries, medical is the fastest growing industry in the global LSR market. Further, based on grades of LSR, the food grade LSR segment is expected to dominate the market, owing to its increasing end-use in consumer goods, worldwide.

Global Liquid Silicone Rubber (LSR) Market Regional Segmentation

The global LSR market has been segmented into North America, South America, Europe, Asia-Pacific and the Middle East & Africa. Among these regions, Asia-Pacific is the second fastest growing region in the global LSR market, wherein countries like China and Japan are the major markets. Furthermore, Asia-Pacific leads the global LSR market, and China is the fastest growing and dominating market in the region, owing to the rising demand for from the consumer and medical industries.

Competitive Landscape

Some of the leading companies operating in the global liquid silicone rubber (LSR) market are The Dow Chemical Company (previously known as Dow Corning), Wacker Chemie AG, Momentive Performance Materials Inc., Shin-Etsu Chemical Co., Ltd., KCC Corporation, China National Bluestar (Group) Co., Ltd., Laur Silicone, Inc., SIMTEC Silicone Parts, LLC, Wynca Group, Jiangsu Tianchen New Materials Co., Ltd., among others.

Years considered for this report:

Historical Years: 2014-2017
Base Year: 2018
Estimated Year: 2019
Forecast Period: 2020-2024

Objective of the Study:

• To analyze and forecast the global Liquid Silicone Rubber (LSR) market size.


• To forecast the global Liquid Silicone Rubber (LSR) market based on grade, end-user industry and regional distribution.


• To identify drivers and challenges for the global Liquid Silicone Rubber (LSR) market.


• To examine competitive developments such as expansions, new Grade launches, mergers & acquisitions, etc., in the global Liquid Silicone Rubber (LSR) market.


• To conduct the pricing analysis for the global Liquid Silicone Rubber (LSR) market.


• To identify and analyze the profile of leading players engaged in the manufacturing of Liquid Silicone Rubber (LSR).

Some of the leading players in the global Liquid Silicone Rubber (LSR) market are Dow Corning (DowDuPont), Wacker Chemie AG, Momentive Performance Materials Inc., Shin-Etsu Chemical Co., Ltd., KCC Corporation, China National Bluestar (Group) Co., Ltd., Laur Silicone, Inc., SIMTEC Silicone Parts, LLC, Wynca Group, Jiangsu Tianchen New Materials Co., Ltd., among others.

The author performed both primary as well as exhaustive secondary research for this study. Initially, the author sourced a list of leading manufacturers across the globe. Subsequently, the author conducted primary research surveys with the identified companies. While interviewing, the respondents were also enquired about their competitors. Through this technique, the author could include the manufacturers which could not be identified due to the limitations of secondary research. The author analyzed the grade offerings, distribution channels and presence of all major players operating in the global Liquid Silicone Rubber (LSR) market.

The author calculated the global Liquid Silicone Rubber (LSR) market size by using a top-down approach, where data for various end-user segments was recorded and forecast for the future years. The author sourced these values from the industry experts and company representatives and externally validated through analyzing historical data of these Grade types and End-Users for getting an appropriate, overall market size. Various secondary sources such as company websites, news articles, press releases, company annual reports, investor presentations and financial reports were also studied.

Key Target Audience:

• Liquid Silicone Rubber (LSR) manufacturers and suppliers


• Government and other regulatory bodies


• Research institutes and organizations

Market research and consulting firms

The study is useful in providing answers to several critical questions that are important for industry stakeholders such as manufacturers, partners and end-users. The study would also help them in identifying which market segments should be targeted over the coming years in order to strategize investments and capitalize on growth of the market.

Report Scope:

In this report, the global Liquid Silicone Rubber (LSR) market has been segmented into following categories, in addition to the industry trends which have also been detailed below:

Market, by Grade:

• Industrial


• Medical


• Food

Market, by End-user Industry:

• Consumer Goods


• Automotive


• Electrical & Electronics


• Medical

Market, by Region:

Asia-Pacific

• China


• India


• Japan


• South Korea


• Australia

Europe

• France


• Germany


• United Kingdom


• Spain


• Italy

North America

• United States


• Mexico


• Canada

South America

• Brazil


• Argentina


• Colombia

Middle East & Africa

• South Africa


• Saudi Arabia


• UAE

Competitive Landscape

Company Profiles: Detailed analysis of the major companies present in the global Liquid Silicone Rubber (LSR) market.

Available Customizations

With the given market data, the author offers customizations according to a company’s specific needs. The following customization options are available for the report:

Company Information

• Detailed analysis and profiling of additional market players (up to five).

Profit Margin Analysis

• Profit margin analysis in case of direct and indirect sales channel.

*Note - Custom Research License:

10% specific customization is available free of any additional cost, for both the single user and enterprise license, as above. However, alternatively, if you are looking for additional content data or insight related to the scope of the report, you may purchase the new “Custom Research License”. Please enquire for pricing.

The custom research will be delivered in printable PDF format along with the report’s data excel sheet. This license offers 80 analyst hours. It is strongly recommended for an organization which wants to execute short ‘bespoke’ research projects related to the scope of the purchased report.