Report Description

Global Liquid Silicone Rubber (LSR) Market By Grade (Industrial, Medical & Food), By Technology (Liquid Injection Molding System & Other Molding Processes), By End-User Industry (Medical, Automotive & Others), By Region, Competition, Forecast & Opportunities, 2024

  • Publish Date: NA
  • Format : PDF
  • Pages : 110
  • Industry : Chemicals

Global Liquid Silicone Rubber (LSR) Market Overview

Global liquid silicone rubber (LSR) market is projected to reach $ 4 billion by 2024, growing at a CAGR of over 8% during the forecast period. Huge LSR application in electronics & electrical and medical industries coupled with increasing demand for medical grade liquid silicone rubbers are the key factors fueling growth of global LSR market. Use of medical grade LSR decreases the risk of bacterial infections, thus it is used in skin medications to support functionality and absorption. In electronics & electrical application, LSR is extensively used in electrical potting and insulation.

Global Liquid Silicone Rubber (LSR) Market Segmentation

Global market for liquid silicone rubber (LSR) has been categorized based on grade, technology, end-user industry and regions. On the basis of grade, liquid silicone rubber (LSR) market has been categorized into industrial, medical and food segments. In terms of technology, global LSR market has been segmented into liquid injection molding system and other molding processes. Based on end-user industry, the LSR market has been segmented into medical, automotive, electrical & electronics and other sectors. Among the various end-user industries, medical is the fastest growing industry in global LSR market. Further, based on grades of LSR, medical grade LSR segment is expected to dominate the market, owing to rising geriatric population, worldwide, in addition to increasing awareness about health concerns. As this grade requires numerous regulations and approvals for use in the medical field, these are more expensive than the other grades.

Global Liquid Silicone Rubber (LSR) Market Regional Segmentation

Global LSR market has been segmented into North America, South America, Europe, Asia-Pacific and Middle East & Africa. Among these regions, Asia-Pacific is the fastest growing region in global LSR market, wherein countries like India and China are the major markets. Furthermore, North America leads the global LSR market, and US is fastest growing and dominating market in the region, owing to rising demand for implants, equipment and disposable medical devices in the US healthcare industry.

Competitive Landscape

Some of the leading companies operating in 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.

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 global Liquid Silicone Rubber (LSR) market size.
  • To forecast global Liquid Silicone Rubber (LSR) market based on grade, technology end-user industry and regional distribution.
  • To identify drivers and challenges for global Liquid Silicone Rubber (LSR) market.
  • To examine competitive developments such as expansions, new product launches, mergers & acquisitions, etc., in global Liquid Silicone Rubber (LSR) market.
  • To conduct the pricing analysis for global Liquid Silicone Rubber (LSR) market.
  • To identify and analyze the profile of leading players engaged in the manufacturing of Liquid Silicone Rubber (LSR).


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Some of the leading players in 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.  

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

TechSci Research calculated global Liquid Silicone Rubber (LSR) market using a top-down approach, where data for various end-user segments was recorded and forecast for the future years. TechSci Research sourced these values from the industry experts and company representatives and externally validated through analyzing historical data of these product types and applications 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 by TechSci Research.


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, 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 Technology:
    • Liquid Injection Molding System
    • Other Molding Processes
  • Market, by End-user Industry:
    • Medical
    • Automotive
    • Electrical & Electronics
    • Consumer Goods
    • Beauty & Personal Care
    • Others
  • Market, by Region:
    • Asia-Pacific
      • China
      • India 
      • Japan
      • South Korea
      • Australia
      • Indonesia
    • 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 global Liquid Silicone Rubber (LSR) market.

Available Customizations:

With the given market data, TechSci Research 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.

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