The latest report by IMARC Group, titled “Liquid Silicone Rubber Market Report by Grade (Food Grade, Industrial Grade, Medical Grade), Curing System (Injection Molding, Peroxide Cure System, Platinum-Based Cure System, Condensation Cure System), End Use Industry (Automotive, Healthcare, Electrical and Electronics, Cosmetic and Personal Care, Consumer Goods, and Others), and Region 2024-2032“,  The global liquid silicone rubber market size reached US$ 2.6 Billion in 2023. Looking forward, IMARC Group expects the market to reach US$ 5.1 Billion by 2032, exhibiting a growth rate (CAGR) of 7.5% during 2024-2032.

Liquid silicone rubber (LSR) is a versatile and specialized elastomer that is widely used in various industries for its unique properties and applications. It is a two-part, platinum-cured silicone elastomer that starts in liquid form and then cures into a solid rubber-like material when exposed to heat which allows for precision molding and casting processes, making it an ideal choice for numerous applications. It is known for its exceptional temperature resistance, flexibility, and durability, and can withstand extreme temperature variations, from freezing cold to high heat, without losing its elasticity or physical properties. This makes it suitable for applications where temperature resistance is essential, such as automotive gaskets, seals, and electrical insulation. Additionally, LSR offers excellent chemical resistance, making it resistant to several chemicals and solvents which is valuable in industries including aerospace and electronics, where exposure to chemicals is common. Nowadays, LSR is often used to manufacture medical devices, such as silicone tubing, catheters, and baby bottle nipples.

For an in-depth analysis, you can refer sample copy of the report: https://www.imarcgroup.com/liquid-silicone-rubber-market/requestsample

Liquid Silicone Rubber Market Trends and Drivers:

The liquid silicone rubber (LSR) market is primarily driven by the growing healthcare sector. In addition, the rising demand for LSR due to its biocompatibility, chemical resistance, and sterilization capabilities, is influencing the market growth. Also, LSR is used extensively in the manufacturing of medical devices, including surgical instruments, catheters, seals, and gaskets, due to the increasing need for advanced medical equipment and the growing geriatric population, further contributing to the market growth. Moreover, several advancements in the automotive industry in the production of automotive components including gaskets, seals, connectors, and O-rings due to their ability to withstand extreme temperatures, maintain elasticity over time, and resist chemicals which makes them indispensable in modern vehicles, thus representing another major growth-inducing factor. Besides this, the growing manufacturing processes for LSR with several Innovative techniques including injection molding and 3D printing made it easier and more cost-effective to produce complex LSR parts with precision which made LSR a more attractive choice for manufacturers, accelerating the market growth.

Report Segmentation:

The report has segmented the market into the following categories:

Breakup by Grade:

• Food Grade
• Industrial Grade
• Medical Grade

Breakup by Curing System:

• Injection Molding
• Peroxide Cure System
• Platinum-Based Cure System
• Condensation Cure System 

Breakup by End Use Industry:

• Automotive 
• Healthcare
• Electrical and Electronics
• Cosmetic and Personal Care
• Consumer Goods
• Others

Market Breakup by Region:

• North America (United States, Canada)
• Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, Others)
• Europe (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
• Latin America (Brazil, Mexico, Others)
• Middle East and Africa

Competitive Landscape with Key Player:

• Avantor Inc.
• Elkem ASA (China National Chemical Corporation)
• Jiangsu Tianchen New Materials Co. Ltd
• Momentive Performance Materials Inc.
• Reiss Manufacturing Inc.
• Shin-Etsu Chemical Co. Ltd.
• Simtec Silicone Parts LLC (The Rico Group)
• Stockwell Elastomerics Inc.
• The Dow Chemical Company
• Wacker Chemie AG.

Note: If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.

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