Liquid Silicone Rubber for Industrial Market size was valued at USD 1.2 Billion in 2024 and is projected to reach USD 2.5 Billion by 2033, exhibiting a CAGR of 8.7% from 2026 to 2033.
In 2022, the global Liquid Silicone Rubber (LSR) market was valued at USD 3.1 billion, with projections indicating growth to USD 5.1 billion by 2030, reflecting a compound annual growth rate (CAGR) of 7.5% from 2024 to 2030. The industrial segment led the market, accounting for 53.2% of the share, driven by LSRs properties such as temperature, chemical, and electrical resistance, which are essential in manufacturing various industrial components. The automotive sector also played a significant role, representing 34.1% of the market, as LSRs lightweight nature contributes to enhanced fuel efficiency and reduced emissions in vehicles. Regionally, North America dominated the LSR market, holding a 37.4% share in 2023, propelled by robust demand across medical, automotive, and construction industries. The United States was a major contributor, with an 87.4% share within North America, attributed to its strong automotive and medical sectors. In the Asia Pacific region, which accounted for 26.6% of the market, countries like China and India experienced significant growth due to expanding manufacturing industries and increased demand for LSR in automotive and medical applications. Europes market, with a 24.4% share, was driven by the automotive industrys integration of LSR for lightweight vehicle components. Notably, the United Kingdom held a 3.7% global market share in 2023, while Germanys market was projected to grow at a CAGR of 7.1% during the forecast period.
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Dow
Momentive
Wacker Chemicals
ShinEtsu
KCC Corporation
Elkem
Shenzhen SQUARE Silicone
Tianci Materials
Jiangsu Tianchen
Dongguan New Orient Technology
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By the year 2030, the scale for growth in the market research industry is reported to be above 120 billion which further indicates its projected compound annual growth rate (CAGR), of more than 5.8% from 2023 to 2030. There have also been disruptions in the industry due to advancements in machine learning, artificial intelligence and data analytics There is predictive analysis and real time information about consumers which such technologies provide to the companies enabling them to make better and precise decisions. In addition, new innovative techniques such as mobile surveys, social listening, and online panels, which emphasize speed, precision, and customization, are also transforming this particular sector.
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Growing demand for below applications around the world has had a direct impact on the growth of the Global Liquid Silicone Rubber for Industrial Market
Aerospace
Automotive
Electronics
Medical Devices
Consumer Goods
High-Temperature Grade LSR
Flame Retardant LSR
Electrical Insulation LSR
Transparent LSR
Color-Enhanced LSR
Injection Molding
Compression Molding
Extrusion
3D Printing
Transfer Molding
Thermal Stability
Chemical Resistance
Electrical Conductivity
UV Resistance
Biocompatibility
FDA Compliance
ISO Certification
RoHS Compliance
REACH Compliance
UL Certification
US (United States, US and Mexico)
Europe (Germany, UK, France, Italy, Russia, Turkey, etc.)
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
South America (Brazil, Argentina, Columbia, etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
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1. Introduction of the Global Liquid Silicone Rubber for Industrial Market
Overview of the Market
Scope of Report
Assumptions
2. Executive Summary
3. Research Methodology of Verified Market Reports
Data Mining
Validation
Primary Interviews
List of Data Sources
4. Global Liquid Silicone Rubber for Industrial Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. Global Liquid Silicone Rubber for Industrial Market, By Type
6. Global Liquid Silicone Rubber for Industrial Market, By Application
7. Global Liquid Silicone Rubber for Industrial Market, By Geography
US
Europe
Asia Pacific
Rest of the World
8. Global Liquid Silicone Rubber for Industrial Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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