Report Code: CMI24050

Published Date: June 2023

Pages: 220+

Category: Chemicals And Materials

Report Snapshot

CAGR: 8.5%
1,289.80M
2022
1358.58M
2023
1,977.65M
2032

Source: CMI

Study Period: 2024-2033
Fastest Growing Market: Asia-Pacific
Largest Market: Europe

Major Players

  • Avantor Inc.
  • Beacon Medtech Solutions
  • Dow Inc.
  • MOMENTIVE
  • Wacker Chemie AG
  • Others

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Reports Description

As per the current market research conducted by CMI Team, the global Liquid Silicone Rubber Market is expected to record a CAGR of 8.5% from 2023 to 2032. In 2022, the market size is projected to reach a valuation of USD 1,289.80 million. By 2032, the valuation is anticipated to reach USD 1,977.65 million.

LSR (Liquid Silicone Rubber) can undergo sterilization through steam autoclaving, ethylene oxide (ETO), gamma, and e-beam techniques, making it a suitable material for the production of medical equipment, including organ parts and prostheses, that meet stringent safety requirements. This factor, combined with the significant increase in organ failure cases due to the growing elderly population and the prevalence of chronic diseases, contributes to a positive market outlook.

Additionally, there is a significant need to minimize the risk of contamination and enhance the safety of medical devices, further driving the demand for LSR.

Moreover, the automotive industry extensively utilizes LSR for the manufacturing of small and intricate elastomeric parts at high speed and optimal productivity. This is in line with the increasing global vehicle sales, which contributes to market growth. Furthermore, LSR is gaining traction across various industries such as aerospace, construction, electronics, and food and beverage (F&B), where it is used as adhesives, sealants, potting materials, coatings, lubricants, and encapsulating compounds. Furthermore, the emerging trend of industrial automation, along with the growing demand for precision manufacturing, is expected to fuel market growth.

Liquid Silicone Rubber Market – Significant Growth Factors

The liquid silicone rubber market is driven by several significant growth factors, including:

  • Increasing Demand from Medical and Healthcare Industries: Liquid silicone rubber finds extensive applications in the medical and healthcare sectors due to its unique properties such as biocompatibility, sterilizability, and chemical resistance. The rising demand for medical equipment, devices, and implants, coupled with the growing aging population and prevalence of chronic diseases, drives the market growth.
  • Growing Automotive Industry: Liquid silicone rubber is widely used in the automotive industry for various applications such as gaskets, seals, electrical connectors, and components requiring high durability and temperature resistance. The expanding automotive sector, driven by increasing vehicle production and technological advancements, contributes to market growth.
  • Advancements in Material Technology: Continuous research and development activities have led to advancements in liquid silicone rubber formulations, resulting in improved properties and performance characteristics. Enhanced material properties, including flexibility, heat resistance, and chemical stability, have widened the application scope of liquid silicone rubber, driving its market growth.
  • Increasing Demand in Electronics and Electrical Industry: Liquid silicone rubber is used in the electronics and electrical industry for applications such as insulation, sealing, and encapsulation of electronic components. With the rapid growth of the electronics sector and the increasing demand for durable and reliable electronic devices, the demand for liquid silicone rubber is experiencing significant growth.
  • Growing Demand in Consumer Goods and Personal Care Products: Liquid silicone rubber is utilized in various consumer goods and personal care products due to its versatility, soft-touch feel, and hypoallergenic properties. The increasing consumer preference for high-quality and safe products, along with the rising disposable income, drives the demand for liquid silicone rubber in this sector.
  • Regulatory Standards and Safety Compliance: Liquid silicone rubber complies with stringent regulatory standards and certifications, making it a preferred choice in industries with strict safety and quality requirements. Adherence to regulatory guidelines ensures the reliability and safety of the end products, further boosting the market growth.
  • Sustainable and Eco-Friendly Solutions: Liquid silicone rubber is considered an environmentally friendly material as it can be recycled and has a low carbon footprint. The growing emphasis on sustainability and eco-friendly practices across various industries drives the demand for liquid silicone rubber as a preferred choice for sustainable solutions.

These significant growth factors collectively contribute to the expansion of the liquid silicone rubber market.

Global Liquid Silicone Rubber Market 2023–2032 (By Technology)

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Liquid Silicone Rubber Market – Mergers and Acquisitions

The liquid silicone rubber market has witnessed several mergers and acquisitions, which have influenced the industry landscape. Some notable mergers and acquisitions in the market include:

  • Momentive Performance Materials Acquisition by SJL Partners LLC: In 2018, SJL Partners LLC acquired Momentive Performance Materials, a leading manufacturer of silicone and specialty materials, including liquid silicone rubber. This acquisition aimed to strengthen Momentive’s position in the liquid silicone rubber market and expand its product offerings.
  • DowDuPont Merger: The merger of Dow Chemical Company and DuPont in 2017 resulted in the formation of DowDuPont, a major player in the chemical industry. DowDuPont offers a wide range of silicone-based products, including liquid silicone rubber, catering to various industries. This merger enhanced the market presence and capabilities of DowDuPont in the liquid silicone rubber market.
  • Acquisition of Wacker Silicone Elastomers Business by Elkem ASA: Elkem ASA, a global silicone and silicon materials producer, acquired the silicone elastomers business of Wacker Chemie AG in 2019. This acquisition expanded Elkem’s product portfolio in liquid silicone rubber and strengthened its position in the market.
  • Acquisition of BlueStar Silicones by Elkem ASA: Elkem ASA acquired the silicone business of BlueStar Silicones in 2019, including its liquid silicone rubber offerings. This acquisition allowed Elkem to broaden its product range and market reach in the liquid silicone rubber segment.

COMPARATIVE ANALYSIS OF THE RELATED MARKET

Liquid Silicone Rubber Market Recycled PET Market Smart Polymer Market
CAGR 8.5% (Approx) CAGR 5.8%

(Approx)

CAGR 12.53%

(Approx)

US$ 1,977.65 Million by 2032 USD 12.25 Billion by 2030 USD 10.08 Billion by 2030

Liquid Silicone Rubber Market – Significant Threats

The liquid silicone rubber market is not immune to certain threats and challenges. Some significant threats to the market include:

  • Intense Competition: The liquid silicone rubber market is highly competitive, with numerous manufacturers and suppliers operating in the industry. The presence of multiple players intensifies competition, leading to price fluctuations, margin pressures, and increased marketing efforts to differentiate products. Intense competition can impact market share and profitability for individual companies.
  • Raw Material Price Volatility: Liquid silicone rubber is derived from various raw materials, including silicones and additives. The prices of these raw materials can be subject to volatility due to factors such as supply-demand imbalances, fluctuations in energy costs, and geopolitical factors. Sudden price increases or supply disruptions can affect the profitability of market players.
  • Technological Advancements and Substitutes: The liquid silicone rubber market faces the risk of technological advancements and the emergence of alternative materials or manufacturing processes. New materials or technologies that offer similar or improved properties at a lower cost could pose a threat to the market, leading to a shift in customer preferences.
  • Regulatory and Compliance Challenges: The liquid silicone rubber market is subject to various regulations and standards related to safety, health, and environmental protection. Compliance with these regulations can be complex and costly for manufacturers. Changes in regulatory requirements or the introduction of new regulations can pose challenges and increase compliance costs.
  • Economic and Market Volatility: The liquid silicone rubber market is influenced by economic conditions and market trends. Economic downturns, geopolitical tensions, and market uncertainties can impact the demand for products and investments in various industries, including automotive, healthcare, and electronics. Such volatility can affect the growth prospects of the liquid silicone rubber market.
  • Intellectual Property Infringement: Companies in the liquid silicone rubber market face the risk of intellectual property infringement, including unauthorized use or imitation of proprietary formulations, designs, or manufacturing processes. Such infringement can impact the competitiveness and profitability of market players, necessitating legal actions to protect their intellectual property rights.

Report Scope

Feature of the Report Details
Market Size in 2023 USD 1358.58 Million
Projected Market Size in 2032 USD 1,977.65 Million
Market Size in 2022 USD 1,289.80 Million
CAGR Growth Rate 8.5% CAGR
Base Year 2023
Forecast Period 2024-2033
Key Segment By Grade Type, Technology, End-use and Region
Report Coverage Revenue Estimation and Forecast, Company Profile, Competitive Landscape, Growth Factors and Recent Trends
Regional Scope North America, Europe, Asia Pacific, Middle East & Africa, and South & Central America
Buying Options Request tailored purchasing options to fulfil your requirements for research.

Category-Wise Insights

By Grade Type:

In 2023, the medical grade liquid silicone rubber market generated USD 347.5 million in revenue, and it is projected to exhibit a compound annual growth rate (CAGR) of 9.6% over the forecast period. Medical grade LSR is utilized in the production of various devices that contribute to improving life expectancy by reducing pain and enabling the manufacture of artificial joints and pacemakers.

The application of medical grade LSR extends to the manufacturing of rings, gaskets, stoppers, closures, catheters, cushioning pads, and liquid feeding bottles. Food grade liquid silicone rubber finds widespread use in the manufacturing of kitchenware and bakeware due to its resistance to bacteria, odorlessness, hydrophobic properties, and lack of taste interference.

It is employed in the production of various products such as plastic spatulas, knife grips, oven mitts, whisks, spoons, and other utensils, as well as sippy cups, O-rings, gaskets, seals, baking molds, ice cube trays, bottle dispensers, baby products, and toys. With its high versatility and resistance to extreme temperatures, the application of food grade LSR is expanding in the manufacturing of kitchen tools.

By Application Type:

In 2023, the automotive industry witnessed a revenue of USD 656.0 million from the utilization of Liquid Silicone Rubber (LSR), and it is projected to experience a Compound Annual Growth Rate (CAGR) of 9.2% over the forecast period. The lightweight nature of components produced using LSR contributes to improved fuel efficiency in vehicles. Additionally, these components play a vital role in reducing the emission of harmful air pollutants such as CO2 and NO2.

Liquid silicone rubber finds various automotive applications, including the manufacturing of gaskets, LED headlights, windshield wiper blades, harness components, membranes, valves, seals, dampers, and other related parts.

Global Liquid Silicone Rubber Market 2023–2032 (By Million)

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Liquid Silicone Rubber Market – Regional Analysis

Regional analysis of the liquid silicone rubber (LSR) market reveals significant growth and opportunities in various parts of the world. Here is an overview of the regional analysis:

North America:

  • North America has a well-established automotive industry, which drives the demand for LSR.
  • Stringent regulations regarding fuel efficiency and emissions control create a favorable market for LSR applications.
  • The United States and Canada are the major contributors to the LSR market in this region.

Europe:

  • Europe is another prominent market for LSR, driven by the presence of leading automotive manufacturers.
  • The European Union’s strict emission standards and focus on sustainable transportation contribute to the demand for LSR.
  • Germany, France, Italy, and the United Kingdom are key countries in the European LSR market.

Asia Pacific:

  • Asia Pacific is a rapidly growing market for LSR, fueled by the booming automotive sector in countries like China and India.
  • Rising disposable incomes, urbanization, and increasing demand for electric vehicles drive the LSR market in this region.
  • China, Japan, South Korea, and India are major contributors to the Asia Pacific LSR market.

Latin America:

  • Latin America exhibits considerable potential for LSR market growth due to the expanding automotive industry.
  • Brazil, Mexico, and Argentina are the key countries contributing to the demand for LSR in this region.

Middle East and Africa:

  • The Middle East and Africa region show emerging opportunities for the LSR market due to the growing automotive sector.
  • The presence of luxury car manufacturers and increasing investments in automotive manufacturing infrastructure drive LSR demand.
  • United Arab Emirates, Saudi Arabia, and South Africa are among the prominent markets in this region.

Global Liquid Silicone Rubber Market 2023–2032 (By Grade Type)

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List of the prominent players in the Liquid Silicone Rubber Market:

  • Avantor Inc.
  • Beacon Medtech Solutions
  • Dow Inc.
  • MOMENTIVE
  • Wacker Chemie AG
  • CHT Germany GmbH
  • Elkem Asa
  • KCC Silicone Corporation
  • Shin Etsu Chemical Co. Ltd.
  • Stockwell Elastometrics Inc.
  • Others

The Liquid Silicone Rubber Market is segmented as follows:

By Grade Type

  • Food Grade
  • Industrial Grade
  • Medical Grade
  • Others

By Technology

  • Liquid Injection Molding System
  • Other Molding Processes

By End-use Industry

  • Consumer Goods
  • Electrical and Electronics
  • Construction
  • Automotive
  • Healthcare
  • Other Applications

By Region

North America

  • U.S.
  • Canada
  • Mexico
  • Rest of North America

Europe

  • Germany
  • France
  • U.K.
  • Italy
  • Spain
  • Rest of Europe

Asia Pacific

  • China
  • Japan
  • India
  • New Zealand
  • Australia
  • South Korea
  • Rest of Asia Pacific

The Middle East & Africa

  • Saudi Arabia
  • UAE
  • Egypt
  • Kuwait
  • South Africa
  • Rest of the Middle East & Africa

Latin America

  • Brazil
  • Argentina
  • Rest of Latin America

Table of Contents

  • Chapter 1. Preface
    • 1.1 Report Description and Scope
    • 1.2 Research scope
    • 1.3 Research methodology
      • 1.3.1 Market Research Type
      • 1.3.2 Market research methodology
  • Chapter 2. Executive Summary
    • 2.1 Global Liquid Silicone Rubber Market, (2024 – 2033) (USD Million)
    • 2.2 Global Liquid Silicone Rubber Market : snapshot
  • Chapter 3. Global Liquid Silicone Rubber Market – Industry Analysis
    • 3.1 Liquid Silicone Rubber Market: Market Dynamics
    • 3.2 Market Drivers
      • 3.2.1 Increasing Demand from Medical and Healthcare Industries
      • 3.2.2 Growing Automotive Industry
      • 3.2.3 Advancements in Material Technology
      • 3.2.4 Increasing Demand in Electronics and Electrical Industry
      • 3.2.5 Growing Demand in Consumer Goods and Personal Care Products
      • 3.2.6 Regulatory Standards and Safety Compliance
      • 3.2.7 Sustainable and Eco-Friendly Solutions.
    • 3.3 Market Restraints
    • 3.4 Market Opportunities
    • 3.5 Market Challenges
    • 3.6 Porter’s Five Forces Analysis
    • 3.7 Market Attractiveness Analysis
      • 3.7.1 Market attractiveness analysis By Grade
      • 3.7.2 Market attractiveness analysis By Application
  • Chapter 4. Global Liquid Silicone Rubber Market- Competitive Landscape
    • 4.1 Company market share analysis
      • 4.1.1 Global Liquid Silicone Rubber Market: company market share, 2022
    • 4.2 Strategic development
      • 4.2.1 Acquisitions & mergers
      • 4.2.2 New Product launches
      • 4.2.3 Agreements, partnerships, cullaborations, and joint ventures
      • 4.2.4 Research and development and Regional expansion
    • 4.3 Price trend analysis
  • Chapter 5. Global Liquid Silicone Rubber Market – Grade Analysis
    • 5.1 Global Liquid Silicone Rubber Market overview: By Grade
      • 5.1.1 Global Liquid Silicone Rubber Market share, By Grade, 2022 and – 2033
    • 5.2 Food
      • 5.2.1 Global Liquid Silicone Rubber Market by Food, 2024 – 2033 (USD Million)
    • 5.3 Medical
      • 5.3.1 Global Liquid Silicone Rubber Market by Medical, 2024 – 2033 (USD Million)
    • 5.4 Industrial
      • 5.4.1 Global Liquid Silicone Rubber Market by Industrial, 2024 – 2033 (USD Million)
  • Chapter 6. Global Liquid Silicone Rubber Market – Application Analysis
    • 6.1 Global Liquid Silicone Rubber Market overview: By Application
      • 6.1.1 Global Liquid Silicone Rubber Market share, By Application , 2022 and – 2033
    • 6.2 Medical
      • 6.2.1 Global Liquid Silicone Rubber Market by Medical, 2024 – 2033 (USD Million)
    • 6.3 Automotive
      • 6.3.1 Global Liquid Silicone Rubber Market by Automotive, 2024 – 2033 (USD Million)
    • 6.4 Consumer Goods
      • 6.4.1 Global Liquid Silicone Rubber Market by Consumer Goods, 2024 – 2033 (USD Million)
    • 6.5 Electricals & electronics
      • 6.5.1 Global Liquid Silicone Rubber Market by Electricals & electronics, 2024 – 2033 (USD Million)
    • 6.6 Others
      • 6.6.1 Global Liquid Silicone Rubber Market by Others, 2024 – 2033 (USD Million)
  • Chapter 7. Liquid Silicone Rubber Market – Regional Analysis
    • 7.1 Global Liquid Silicone Rubber Market Regional Overview
    • 7.2 Global Liquid Silicone Rubber Market Share, by Region, 2022 & – 2033 (USD Million)
    • 7.3. North America
      • 7.3.1 North America Liquid Silicone Rubber Market, 2024 – 2033 (USD Million)
        • 7.3.1.1 North America Liquid Silicone Rubber Market, by Country, 2024 – 2033 (USD Million)
    • 7.4 North America Liquid Silicone Rubber Market, by Grade, 2024 – 2033
      • 7.4.1 North America Liquid Silicone Rubber Market, by Grade, 2024 – 2033 (USD Million)
    • 7.5 North America Liquid Silicone Rubber Market, by Application , 2024 – 2033
      • 7.5.1 North America Liquid Silicone Rubber Market, by Application , 2024 – 2033 (USD Million)
    • 7.6. Europe
      • 7.6.1 Europe Liquid Silicone Rubber Market, 2024 – 2033 (USD Million)
        • 7.6.1.1 Europe Liquid Silicone Rubber Market, by Country, 2024 – 2033 (USD Million)
    • 7.7 Europe Liquid Silicone Rubber Market, by Grade, 2024 – 2033
      • 7.7.1 Europe Liquid Silicone Rubber Market, by Grade, 2024 – 2033 (USD Million)
    • 7.8 Europe Liquid Silicone Rubber Market, by Application , 2024 – 2033
      • 7.8.1 Europe Liquid Silicone Rubber Market, by Application , 2024 – 2033 (USD Million)
    • 7.9. Asia Pacific
      • 7.9.1 Asia Pacific Liquid Silicone Rubber Market, 2024 – 2033 (USD Million)
        • 7.9.1.1 Asia Pacific Liquid Silicone Rubber Market, by Country, 2024 – 2033 (USD Million)
    • 7.10 Asia Pacific Liquid Silicone Rubber Market, by Grade, 2024 – 2033
      • 7.10.1 Asia Pacific Liquid Silicone Rubber Market, by Grade, 2024 – 2033 (USD Million)
    • 7.11 Asia Pacific Liquid Silicone Rubber Market, by Application , 2024 – 2033
      • 7.11.1 Asia Pacific Liquid Silicone Rubber Market, by Application , 2024 – 2033 (USD Million)
    • 7.12. Latin America
      • 7.12.1 Latin America Liquid Silicone Rubber Market, 2024 – 2033 (USD Million)
        • 7.12.1.1 Latin America Liquid Silicone Rubber Market, by Country, 2024 – 2033 (USD Million)
    • 7.13 Latin America Liquid Silicone Rubber Market, by Grade, 2024 – 2033
      • 7.13.1 Latin America Liquid Silicone Rubber Market, by Grade, 2024 – 2033 (USD Million)
    • 7.14 Latin America Liquid Silicone Rubber Market, by Application , 2024 – 2033
      • 7.14.1 Latin America Liquid Silicone Rubber Market, by Application , 2024 – 2033 (USD Million)
    • 7.15. The Middle-East and Africa
      • 7.15.1 The Middle-East and Africa Liquid Silicone Rubber Market, 2024 – 2033 (USD Million)
        • 7.15.1.1 The Middle-East and Africa Liquid Silicone Rubber Market, by Country, 2024 – 2033 (USD Million)
    • 7.16 The Middle-East and Africa Liquid Silicone Rubber Market, by Grade, 2024 – 2033
      • 7.16.1 The Middle-East and Africa Liquid Silicone Rubber Market, by Grade, 2024 – 2033 (USD Million)
    • 7.17 The Middle-East and Africa Liquid Silicone Rubber Market, by Application , 2024 – 2033
      • 7.17.1 The Middle-East and Africa Liquid Silicone Rubber Market, by Application , 2024 – 2033 (USD Million)
  • Chapter 8. Company Profiles
    • 8.1 Avantor Inc.
      • 8.1.1 Overview
      • 8.1.2 Financials
      • 8.1.3 Product Portfolio
      • 8.1.4 Business Strategy
      • 8.1.5 Recent Developments
    • 8.2 Beacon Medtech Solutions
      • 8.2.1 Overview
      • 8.2.2 Financials
      • 8.2.3 Product Portfolio
      • 8.2.4 Business Strategy
      • 8.2.5 Recent Developments
    • 8.3 Dow Inc.
      • 8.3.1 Overview
      • 8.3.2 Financials
      • 8.3.3 Product Portfolio
      • 8.3.4 Business Strategy
      • 8.3.5 Recent Developments
    • 8.4 MOMENTIVE
      • 8.4.1 Overview
      • 8.4.2 Financials
      • 8.4.3 Product Portfolio
      • 8.4.4 Business Strategy
      • 8.4.5 Recent Developments
    • 8.5 Wacker Chemie AG
      • 8.5.1 Overview
      • 8.5.2 Financials
      • 8.5.3 Product Portfolio
      • 8.5.4 Business Strategy
      • 8.5.5 Recent Developments
    • 8.6 CHT Germany GmbH
      • 8.6.1 Overview
      • 8.6.2 Financials
      • 8.6.3 Product Portfolio
      • 8.6.4 Business Strategy
      • 8.6.5 Recent Developments
    • 8.7 Elkem Asa
      • 8.7.1 Overview
      • 8.7.2 Financials
      • 8.7.3 Product Portfolio
      • 8.7.4 Business Strategy
      • 8.7.5 Recent Developments
    • 8.8 KCC Silicone Corporation
      • 8.8.1 Overview
      • 8.8.2 Financials
      • 8.8.3 Product Portfolio
      • 8.8.4 Business Strategy
      • 8.8.5 Recent Developments
    • 8.9 Shin Etsu Chemical Co. Ltd.
      • 8.9.1 Overview
      • 8.9.2 Financials
      • 8.9.3 Product Portfolio
      • 8.9.4 Business Strategy
      • 8.9.5 Recent Developments
    • 8.10 Stockwell Elastometrics Inc.
      • 8.10.1 Overview
      • 8.10.2 Financials
      • 8.10.3 Product Portfolio
      • 8.10.4 Business Strategy
      • 8.10.5 Recent Developments
    • 8.11 Others.
      • 8.11.1 Overview
      • 8.11.2 Financials
      • 8.11.3 Product Portfolio
      • 8.11.4 Business Strategy
      • 8.11.5 Recent Developments
List Of Figures

Figures No 1 to 22

List Of Tables

Tables No 1 to 52

Report Methodology

In order to get the most precise estimates and forecasts possible, Custom Market Insights applies a detailed and adaptive research methodology centered on reducing deviations. For segregating and assessing quantitative aspects of the market, the company uses a combination of top-down and bottom-up approaches. Furthermore, data triangulation, which examines the market from three different aspects, is a recurring theme in all of our research reports. The following are critical components of the methodology used in all of our studies:

Preliminary Data Mining

On a broad scale, raw market information is retrieved and compiled. Data is constantly screened to make sure that only substantiated and verified sources are taken into account. Furthermore, data is mined from a plethora of reports in our archive and also a number of reputed & reliable paid databases. To gain a detailed understanding of the business, it is necessary to know the entire product life cycle and to facilitate this, we gather data from different suppliers, distributors, and buyers.

Surveys, technological conferences, and trade magazines are used to identify technical issues and trends. Technical data is also gathered from the standpoint of intellectual property, with a focus on freedom of movement and white space. The dynamics of the industry in terms of drivers, restraints, and valuation trends are also gathered. As a result, the content created contains a diverse range of original data, which is then cross-validated and verified with published sources.

Statistical Model

Simulation models are used to generate our business estimates and forecasts. For each study, a one-of-a-kind model is created. Data gathered for market dynamics, the digital landscape, development services, and valuation patterns are fed into the prototype and analyzed concurrently. These factors are compared, and their effect over the projected timeline is quantified using correlation, regression, and statistical modeling. Market forecasting is accomplished through the use of a combination of economic techniques, technical analysis, industry experience, and domain knowledge.

Short-term forecasting is typically done with econometric models, while long-term forecasting is done with technological market models. These are based on a synthesis of the technological environment, legal frameworks, economic outlook, and business regulations. Bottom-up market evaluation is favored, with crucial regional markets reviewed as distinct entities and data integration to acquire worldwide estimates. This is essential for gaining a thorough knowledge of the industry and ensuring that errors are kept to a minimum.

Some of the variables taken into account for forecasting are as follows:

• Industry drivers and constraints, as well as their current and projected impact

• The raw material case, as well as supply-versus-price trends

• Current volume and projected volume growth through 2030

We allocate weights to these variables and use weighted average analysis to determine the estimated market growth rate.

Primary Validation

This is the final step in our report’s estimating and forecasting process. Extensive primary interviews are carried out, both in-person and over the phone, to validate our findings and the assumptions that led to them.
Leading companies from across the supply chain, including suppliers, technology companies, subject matter experts, and buyers, use techniques like interviewing to ensure a comprehensive and non-biased overview of the business. These interviews are conducted all over the world, with the help of local staff and translators, to overcome language barriers.

Primary interviews not only aid with data validation, but also offer additional important insight into the industry, existing business scenario, and future projections, thereby improving the quality of our reports.

All of our estimates and forecasts are validated through extensive research work with key industry participants (KIPs), which typically include:

• Market leaders

• Suppliers of raw materials

• Suppliers of raw materials

• Buyers.

The following are the primary research objectives:

• To ensure the accuracy and acceptability of our data.

• Gaining an understanding of the current market and future projections.

Data Collection Matrix

Perspective Primary research Secondary research
Supply-side
  • Manufacturers
  • Technology distributors and wholesalers
  • Company reports and publications
  • Government publications
  • Independent investigations
  • Economic and demographic data
Demand-side
  • End-user surveys
  • Consumer surveys
  • Mystery shopping
  • Case studies
  • Reference customers


Market Analysis Matrix

Qualitative analysis Quantitative analysis
  • Industry landscape and trends
  • Market dynamics and key issues
  • Technology landscape
  • Market opportunities
  • Porter’s analysis and PESTEL analysis
  • Competitive landscape and component benchmarking
  • Policy and regulatory scenario
  • Market revenue estimates and forecast up to 2030
  • Market revenue estimates and forecasts up to 2030, by technology
  • Market revenue estimates and forecasts up to 2030, by application
  • Market revenue estimates and forecasts up to 2030, by type
  • Market revenue estimates and forecasts up to 2030, by component
  • Regional market revenue forecasts, by technology
  • Regional market revenue forecasts, by application
  • Regional market revenue forecasts, by type
  • Regional market revenue forecasts, by component

Prominent Players

  • Avantor Inc.
  • Beacon Medtech Solutions
  • Dow Inc.
  • MOMENTIVE
  • Wacker Chemie AG
  • CHT Germany GmbH
  • Elkem Asa
  • KCC Silicone Corporation
  • Shin Etsu Chemical Co. Ltd.
  • Stockwell Elastometrics Inc.
  • Others

FAQs

“North America” region will lead the Global Liquid Silicone Rubber Market during the forecast period 2023 to 2032.

The key factors driving the Market are Increasing Demand from Medical and Healthcare Industries, Growing Automotive Industry, Advancements in Material Technology, Increasing Demand in Electronics and Electrical Industry, Growing Demand in Consumer Goods and Personal Care Products, Regulatory Standards and Safety Compliance and Sustainable and Eco-Friendly Solutions.

The key players operating in the Liquid Silicone Rubber Market are Avantor Inc., Beacon Medtech Solutions, Dow Inc., MOMENTIVE, Wacker Chemie AG, CHT Germany GmbH, Elkem Asa, KCC Silicone Corporation, Shin Etsu Chemical Co. Ltd., Stockwell Elastometrics Inc., Others.

The Global Liquid Silicone Rubber Market is expanding growth with a CAGR of approximately 8.5% during the forecast period (2023 to 2032).

The Global Liquid Silicone Rubber Market size was valued at USD 1,289.80 Million in 2022 and it is projected to reach around USD 1,977.65 Million by 2032.

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