Liquid Silicone Rubber Market By Grade (Food , Medical, Industrial), By End-use (Automotive, Healthcare, Consumer Goods, Electrical & Electronics, Others) - Growth, Share, Opportunities & Competitive Analysis, 2019 - 2027
Key Market Insights
"Growing applications of liquid silicone rubber driving the market growth"
The growing demand for liquid silicone rubber from the healthcare industry is driving the global liquid silicone rubber market. Liquid silicone rubber (LSR) has some great properties than its competitor materials such as high thermal stability, chemical stability, and electrical resistance. These properties made it the first choice in many industries such as automotive and electrical & electronics. In the medical field, the hygienic quality of LSR helps to reduce the spread of bacteria or fungi to the patient's body, and its flexibility and softness ensure comfort to patients. Therefore, medical product designers are increasingly opting for LSR for the manufacturing of medical silicone parts on wider applications such as surgery, cardiology, oncology, orthopedics, and neurosurgery, etc. among others.
Additionally, the growth of the food industry has positively impacted the demand for LSR. As the molded parts of LSR are odorless, tasteless, hydrophobic, and resistant to bacteria, this made it suitable for use in the food industry. Food grade LSR is versatile and resistant to extreme temperature, making it an excellent choice in the manufacturing of kitchen products such as baking molds, ice-cube trays, O-rings, gaskets, or other seals.
Overall, the global liquid silicone rubber market was US$ 1.9 Bn in 2018 and expected to reach US$ 3.2 Bn by 2027, growing at a CAGR of 6.2% from 2019 to 2027.
Grade Segment Analysis
"Industrial grade LSR accounted for the largest share"
Industrial grade LSR is widely used in automotive, electrical & electronics, and other consumer goods products. Due to the wider user base of LSR, this segment captured the largest market share in 2018. The lightweight and durability of LSR have resulted in its increased use in the automotive industry. Spark plug cable, gasket, and O-ring are some of the automotive products manufactured using LSR.
Apart from this, medical-grade LSR is anticipated to grow at the fastest rate from 2019 to 2027 owing to the increasing geriatric population across the globe which results in the growing demand for LSR for manufacturing catheter tube, reservoir, etc. among other products.
Regional Analysis
"The Asia Pacific dominating the world market"
The Asia Pacific captured the largest share of the global liquid silicone rubber market in 2018. The regional market is driven by the strong manufacturing growth of China and India. Also, the availability of low-cost labor, product innovation, and favorable government support for manufacturing influencing the market growth. Moreover, the growing Asian automotive, electrical & electronics and healthcare industry has a high demand for LSR, thereby, influencing the market growth. Further, some of the prominent LSR manufacturers are concentrated in the regions includes KCC Corporation, Guangdong Polysil Technology Co. Ltd, Shin-Etsu Chemical Co. It is estimated that the region will show the fastest growth from 2019 to 2027.
"Technological advancement is keeping the market competitive"
The global liquid silicone rubber market is highly competitive. Some of the major players of the market are Dow, KCC Corp., and Wacker Chemie AG. These market players are adopting strategies such as merger & acquisition of other players, partnership with other companies having advanced technology, increasing production capacity, and launching new products to stay competitive in the global market. Following is the list of players included in the published reports.
List of Companies Covered:
- Dow
- KCC Corporation
- Simtec Silicone Parts, LLC
- Nusil Technology LLC
- Shin-Etsu Chemical Co., Ltd.
- STOCKWELL ELASTOMERICS, INC.
- Factor II, Inc.
- Wacker Chemie AG
- Momentive
- Laur Silicone, Inc.
- Guangdong Polysil Technology Co. Ltd.
- and Others
Key Industry Development:
- In September 2018, KCC Corporation signed an agreement to merge Momentive Performance Materials Inc., the U.S. based global silicone manufacturer. With this acquisition, the company has increased its product portfolio, client base, and geographical presence to more regions of the world. This will help KCC Corp. to improve its global presence further.
- In September 2018, Shin-Etsu Chemical Co., Ltd. announced that it will invest over ¥110 billion in expanding its production capacity in Japan and on a global level and introduce products from silicone monomers and end-products. With this investment, the company is targeting to improve its share in the growing Asia Pacific market.
Historical & Forecast Period
The research report presents the analysis of each segment from 2017 to 2027 considering 2018 as the base year for the research. Compounded annual growth rate (CAGR) for each respective segment calculated for the forecast period from 2019 to 2027.
Market Segmentation
| ATTRIBUTE | DETAILS |
|---|---|
| Research Period | 2017-2027 |
| Base Year | 2018 |
| Forecast Period | 2019-2027 |
| Historical Year | 2017 |
| Unit | US$ Billion |
| Segmentation |
Grade Segment (2017-2027; US$ Bn) |
|
End-use Segment (2017-2027; US$ Bn) |
|
|
Geography Segment (2017–2027; US$ Bn) |
The current report also comprehends qualitative market valuation factors such as key market drivers, market trends, restraints, and opportunities that give a better market understanding of the global liquid silicone rubber market. Additionally, the global report also comprises a graphical representation of a competitive landscape based on their market initiatives and strategies, product portfolio, and business strengths.
Unique data points of this report
- Recent trends across different regions in terms of the development of liquid silicone rubber market
- Attractive investment proposition for application segment as well as geography
Key questions answered in this report
- What was the market size of the liquid silicone rubber market in 2018 and forecast up to 2027?
- What are the key factors driving the global liquid silicone rubber market?
- What are the key market trends and high-growth opportunities observed in the liquid silicone rubber market?
- Which is the largest regional market for liquid silicone rubber market?
- Which segment will grow at a faster pace? Why?
- Which region will drive the market growth? Why?
- Which players are leading the liquid silicone rubber market?
- What are the key strategies adopted by the leading players operating in the market?
1. Preface
1.1. Report Description
1.1.1. Purpose of the Report
1.1.2. Target Audience
1.1.3. USP and Key Offerings
1.2. Research Scope
1.3. Research Methodology
1.3.1. Phase I – Secondary Research
1.3.2. Phase II – Primary Research
1.3.3. Phase III – Expert Panel Review
1.3.4. Approach Adopted
1.3.4.1. Top-Down Approach
1.3.4.2. Bottom-Up Approach
1.3.5. Assumptions
1.4. Market Segmentation
2. Executive Summary
2.1. Market Snapshot: Global Liquid Silicon Rubber (LSR) Market
2.2. Global LSR Market, by Grade, 2018 (US$ Bn)
2.3. Global LSR Market, by End-use, 2018 (US$ Bn)
2.4. Global LSR Market, by Geography, 2018 (US$ Bn)
3. Market Dynamics
3.1. Introduction
3.1.1. Global LSR Market Value, 2017 – 2027, (US$ Bn)
3.2. Market Dynamics
3.2.1. Market Drivers
3.2.2. Market Restraints
3.3. Attractive Investment Proposition, by Geography, 2018
3.4. Market Positioning of Key Players, 2018
3.4.1. Major Strategies Adopted by Key Players
4. Global Liquid Silicone Rubber (LSR) Market, by Grade , 2017 – 2027 (US$ Bn)
4.1. Overview
4.2. Food
4.3. Medical
4.4. Industrial
5. Global Liquid Silicone Rubber (LSR) Market, by End-use, 2017 – 2027 (US$ Bn)
5.1. Overview
5.2. Automotive
5.3. Healthcare
5.4. Consumer Goods
5.5. Electrical & Electronics
5.6. Others
6. North America Liquid Silicone Rubber (LSR) Market Analysis, 2017 – 2027 (US$ Bn)
6.1. Overview
6.1.1. North America LSR Market Value and Growth, 2017 – 2027, (US$ Bn)
6.2. North America LSR Market Value, By Grade, 2017 – 2027 (US$ Bn)
6.2.1. Market Analysis
6.3. North America LSR Market Value, By End-use, 2017 – 2027 (US$ Bn)
6.3.1. Market Analysis
6.4. North America LSR Market Value, By Region/Country, 2017 – 2027 (US$ Bn)
6.4.1. Market Analysis
6.4.2. U.S.
6.4.3. Rest of North America
7. Europe Liquid Silicone Rubber (LSR) Market Analysis, 2017 – 2027 (US$ Bn)
7.1. Overview
7.1.1. Europe LSR Market Value and Growth, 2017 – 2027, (US$ Bn)
7.2. Europe LSR Market Value, By Grade, 2017 – 2027 (US$ Bn)
7.2.1. Market Analysis
7.3. Europe LSR Market Value, By End-use, 2017 – 2027 (US$ Bn)
7.3.1. Market Analysis
7.4. Europe LSR Market Value, By Region/Country, 2017 – 2027 (US$ Bn)
7.4.1. Market Analysis
7.4.2. U.K.
7.4.3. Germany
7.4.4. France
7.4.5. Rest of Europe
8. Asia Pacific Liquid Silicone Rubber (LSR) Market Analysis, 2017 – 2027 (US$ Bn)
8.1. Overview
8.1.1. Asia Pacific LSR Market Value and Growth, 2017 – 2027, (US$ Bn)
8.2. Asia Pacific LSR Market Value, By Grade, 2017 – 2027 (US$ Bn)
8.2.1. Market Analysis
8.3. Asia Pacific LSR Market Value, By End-use 2017 – 2027 (US$ Bn)
8.3.1. Market Analysis
8.4. Asia Pacific LSR Market Value, By Region/Country, 2017 – 2027 (US$ Bn)
8.4.1. Market Analysis
8.4.2. Japan
8.4.3. China
8.4.4. India
8.4.5. Rest of Asia Pacific
9. Rest of the World Liquid Silicone Rubber (LSR) Market Analysis, 2017 – 2027 (US$ Bn)
9.1. Overview
9.1.1. Rest of the World LSR Market Value and Growth, 2017 – 2027, (US$ Bn)
9.2. Rest of the World LSR Market Value, By Grade, 2017 – 2027 (US$ Bn)
9.2.1. Market Analysis
9.3. Rest of the World LSR Market Value, By End-use, 2017 – 2027 (US$ Bn)
9.3.1. Market Analysis
9.4. Rest of the World LSR Market Value, By Region, 2017 – 2027 (US$ Bn)
9.4.1. Market Analysis
9.4.2. Middle East & Africa
9.4.3. Latin America
10. Company Profiles
10.1. Dow
10.2. KCC Corporation
10.3. Simtec Silicone Parts, LLC
10.4. Nusil Technology LLC
10.5. Shin-Etsu Chemical Co., Ltd.
10.6. STOCKWELL ELASTOMERICS, INC.
10.7. Factor II, Inc.
10.8. Wacker Chemie AG
10.9. Momentive
10.10. Laur Silicone, Inc.
10.11. Guangdong Polysil Technology Co. Ltd.
* LSR - Liquid Silicone Rubber
TABLE 1 Market Snapshot: Global Liquid Silicone Rubber (LSR) Market Value
TABLE 2 Impact Indicators
TABLE 3 Impact Analysis of Drivers and Restraints
TABLE 4 Global LSR Market, by Grade, 2017-2027, (US$ Bn)
TABLE 5 Global LSR Market, by End-use, 2017 – 2027, (US$ Bn)
TABLE 6 Global LSR Market Value, by Region/Country, 2017 - 2027, (US$ Bn)
TABLE 7 North America LSR Market, by Grade, 2017-2027, (US$ Bn)
TABLE 8 North America LSR Market, by End-use, 2017 – 2027, (US$ Bn)
TABLE 9 North America LSR Market Value, by Region/Country, 2017 - 2027, (US$ Bn)
TABLE 10 Europe LSR Market, by Grade, 2017-2027, (US$ Bn)
TABLE 11 Europe LSR Market, by End-use, 2017 – 2027, (US$ Bn)
TABLE 12 Europe LSR Market Value, by Region/Country, 2017 – 2027, (US$ Bn)
TABLE 13 Asia Pacific LSR Market, by Grade, 2017-2027 (US$ Bn)
TABLE 14 Asia Pacific LSR Market, by End-use, 2017 – 2027 (US$ Bn)
TABLE 15 Asia Pacific LSR Market Value, by Region/Country, 2017 – 2027, (US$ Bn)
TABLE 16 Rest of the World LSR Market, by Grade, 2017 - 2027, (US$ Bn)
TABLE 17 Rest of the World LSR Market, by End-use, 2017 – 2027, (US$ Bn)
TABLE 18 Rest of the World LSR Market Value, by Region, 2017 - 2027, (US$ Bn)
TABLE 19 Dow: Company Snapshot (Business Description; Profile Type Portfolio; Financial Information; Business Overview and Recent Development)
TABLE 20 KCC Corporation: Company Snapshot (Business Description; Profile Type Portfolio; Financial Information; Business Overview and Recent Development)
TABLE 21 Simtec Silicone Parts, LLC: Company Snapshot (Business Description; Profile Type Portfolio; Financial Information; Business Overview and Recent Development)
TABLE 22 Nusil Technology LLC: Company Snapshot (Business Description; Profile Type Portfolio; Financial Information; Business Overview and Recent Development)
TABLE 23 Shin-Etsu Chemical Co., Ltd.: Company Snapshot (Business Description; Profile Type Portfolio; Financial Information; Business Overview and Recent Development)
TABLE 24 STOCKWELL ELASTOMERICS, INC.: Company Snapshot (Business Description; Profile Type Portfolio; Financial Information; Business Overview and Recent Development)
TABLE 25 Factor II, Inc.: Company Snapshot (Business Description; Profile Type Portfolio; Financial Information; Business Overview and Recent Development)
TABLE 26 Wacker Chemie AG: Company Snapshot (Business Description; Profile Type Portfolio; Financial Information; Business Overview and Recent Development)
TABLE 27 Momentive: Company Snapshot (Business Description; Profile Type Portfolio; Financial Information; Business Overview and Recent Development)
TABLE 28 Laur Silicone, Inc.: Company Snapshot (Business Description; Profile Type Portfolio; Financial Information; Business Overview and Recent Development)
TABLE 29 Guangdong Polysil Technology Co. Ltd.: Company Snapshot (Business Description; Profile Type Portfolio; Financial Information; Business Overview and Recent Development)
FIG. 1 Global Liquid Silicone Rubber (LSR) Market: Research Methodology
FIG. 2 Market Size Estimation – Top Down & Bottom up Approach
FIG. 3 Global LSR Market Segmentation
FIG. 4 Global LSR Market, by Grade, 2018, (US$ Bn)
FIG. 5 Global LSR Market, by End-use, 2018, (US$ Bn)
FIG. 6 Global LSR Market, by Geography, 2018 (US$ Bn)
FIG. 7 Global LSR Market Value, 2017 - 2027, (US$ Bn)
FIG. 8 Attractive Investment Proposition, by Geography, 2018
FIG. 9 Global Market Positioning of Key LSR Manufacturers, 2018
FIG. 10 Global LSR Market Value Share, by Grade, 2018 & 2027 (Value %)
FIG. 11 Global LSR Market Value Food, 2017 – 2027, (US$ Bn)
FIG. 12 Global LSR Market Value for Medical, 2017 – 2027, (US$ Bn)
FIG. 13 Global LSR Market Value for Industrial, 2017 – 2027, (US$ Bn)
FIG. 14 Global LSR Market Value Share by End-use, 2018 & 2027 (Value %)
FIG. 15 Global LSR Market Value for Automotive, 2017 – 2027, (US$ Bn)
FIG. 16 Global LSR Market Value for Healthcare, 2017 – 2027, (US$ Bn)
FIG. 17 Global LSR Market Value for Consumer Goods, 2017 – 2027, (US$ Bn)
FIG. 18 Global LSR Market Value Electrical & Electronics, 2017 – 2027, (US$ Bn)
FIG. 19 Global LSR Market Value for Others, 2017 – 2027, (US$ Bn)
FIG. 20 North America LSR Market Value, 2017 – 2027, (US$ Bn)
FIG. 21 Europe LSR Market Value, 2017 – 2027, (US$ Bn)
FIG. 22 Asia Pacific LSR Market Value, 2017 – 2027, (US$ Bn)
FIG. 23 Rest of the World LSR Market Value, 2017 – 2027, (US$ Bn)
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