Liquid Silicone Rubber Market

Owing to the benefits Liquid Silicone Rubber has the ability to resist temperatures of up to 180°C without melting or creeping. They've become a popular choice for heavy-duty and automotive applications such as seals and gaskets, low-temperature flexibility, and low compression set. Electronics producers need to ensure that the materials they use can withstand corona discharge. One of the most important variable that contributes towards the ease of use in production setting and chemical resistance is the shelf life of liquid silicone rubber, as it provides good resistance to electrical stress and also it does not affect conductivity of final product.

The global Liquid Silicone Rubber market is expected to develop $3.92 Billion by 2030, at a compound annual increase in price (CAGR) of 9.4% throughout the forecast period.

Covid-19 Impact & Market Status

The current COVID-19 epidemic, lockdowns, and social distance policies have created supply chain disruption. As a result, the majority of industrial operations have been shut down, and enterprises are experiencing operating difficulties as a result of the factory closures. According to the International Organization of Motor Vehicle Manufacturers (OICA), 67,149,196 automobiles were manufactured globally in 2019 and 55,834,456 cars were produced worldwide in 2020, a 16 percent decrease due to the pandemic. As a result, the market for Liquid Silicone Rubber has weakened. However, rising health and hygiene consciousness has spurred an increase in healthcare, personal care, and medical items, which has boosted the need for Liquid Silicone Rubber. Wearable gadgets are also becoming more popular, which is boosting the Liquid Silicone Rubber market

Medical Grade to Emerge as the Most Lucrative Segment

In the next five years, the medical grade category is expected to increase at the fastest rate. The increase may be ascribed to an increase in the older population across the board, as well as a greater awareness of health concerns, which is boosting the medical applications market. Grades are more expensive than other grades since they are subject to different permissions and standards for use in the medical sector. As a result, over the projection period, the medical grade segment is expected to be the biggest.

Medical Segment to Ensure Revenue Maximization

The market is divided into automotive, medical, electrical & electronics, consumer products, and others based on the application type. In terms of both value and volume, the medical segment is expected to be the fastest-growing application category over the projection period. The increase might be due to the rising demand for disposable medical equipment and implants.

Asian Pacific and North America Region to Render Ample Investment Avenues

Asia-Pacific is the largest market for liquid silicone rubber in terms of geography. During the foreseeable term, the region is anticipated to retain its supremacy. China and India are the region's economic engines. In the next five years, China is expected to be the largest market, while India is expected to be the fastest-growing. The presence of global industrial behemoths in the area drives the industry. During the projected period, North America is expected to be the largest market for liquid silicone rubber. Implants, disposable medical gadgets, and equipment components are all in high demand, which keeps the business going.

Liquid silicone rubber maintains its durability, form and flexibility even in severe hot and cold conditions. liquid silicone rubber is resistant to water and is pliable, making it an effective moisture sealer. Overheating and other extreme temperatures are safe and durable. The material can maintain its original form and has other physical qualities in the temperature range of -100 °C to 300 °C. The transparency of Liquid Silicone Rubber is exceptional. As a result, it's a good alternative to standard plastics and a good fit for applications that require ultra-clear features.

Liquid silicone rubbers (LSR) are two-part silicone polymers that are easily blended and heat-cured into long-lasting elastomers. Liquid Silicone Rubber is a thermoset elastomer with a low viscosity and high purity that maintains mechanical qualities across a large temperature range (from -50°C to 250°C). If you need good optical clarity and long-term endurance in a tough environment, this heat-cured elastomer is a great option to explore (high temperature, UV, etc). Injection molding is the only way to process liquid silicone rubber, and it is heat-cured throughout the process. By minimizing cycle time, eliminating material waste, and employing fewer equipment, this material greatly increases production.

It's most typically used to make injection molded parts for items in the automotive, food, appliance, textile, and consumer goods sectors. The advantageous features of liquid silicone are ample. Favorable electrical stability, resistance to temperature changes, and low shrinking feature are just to name a few of its properties.

For the projection period of 2022-2029, the Liquid Silicone Market is expected to grow at USD 5.01 billion by 2029. Products performance will be further improved with technological advancements, allowing it to be used in downstream applications.

Latest Innovations in the Global Automated Guided Vehicle (AGV) Market

• The rise to popularity of liquid silicone molding in medical devices and components is one large-scale advancement that has sparked a slew of smaller-scale developments. Silicon molding has become an advantageous way to operate business in the field of medical device due to liquid silicone rubber properties after it is combined with improvements in structure and formulation.
• 3D printing refers to the method of creation of a three-dimensional item by using molds and equipment instead of layering items. Liquid silicone rubber is both resilient and flexible, so it is used for 3D printing. Liquid Silicone Rubber 3D printing technology has a number of advantages, including the capacity to create bespoke components, print on demand, and quick prototyping. The market's growth will be accelerated by the adoption of 3D printing technology that incorporates Liquid Silicone Rubber.

Liquid Silicone Rubber Market Scope

Key Segments of the Global Liquid Silicone Rubber Market

By Type Overview,(USD Billion)

• Medical Grade
• Industrial Grade
• Food Grade

By Application Overview, (USD Billion)

• Automotive
• Consumer Goods
• Electrical & Electronics
• Medical
• Others

By Region Overview, (USD Billion)

• North America
  • U.S.
  • Canada
• Europe
  • UK
  • Germany
  • France
  • Rest of Europe
• Asia-Pacific
  • China
  • Japan
  • India
  • Rest of Asia-Pacific
• South America

• Mexico
• Brazil
• Rest of South America

Middle East and South Africa