Market Size of Liquid Silicone Rubber (LSR) Industry
| Study Period | 2019-2029 |
| Market Volume (2024) | 258.57 kilotons |
| Market Volume (2029) | 385.89 kilotons |
| CAGR (2024 - 2029) | 6.92 % |
| Fastest Growing Market | Asia Pacific |
| Largest Market | Asia Pacific |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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Liquid Silicone Rubber Market Analysis
The Liquid Silicone Rubber Market size is estimated at 258.57 kilotons in 2024, and is expected to reach 385.89 kilotons by 2029, growing at a CAGR of 6.92% during the forecast period (2024-2029).
The market was negatively impacted by the COVID-19 pandemic in 2020, as lockdowns, social distances, and trade sanctions triggered massive disruptions to global supply chain networks. However, the market reached pre-pandemic levels in 2022, and it is expected to grow steadily in the future.
- The increasing demand for LSR from the healthcare and baby care industries is expected to drive the growth of the market.
- On the other hand, the high costs associated with the products made from a liquid synthetic rubber material are expected to hinder market growth in the coming years.
- Furthermore, increasing adoption in the electronics sector and growing usage in automotive components manufacturing act as opportunities for the market in the coming years.
- Asia-Pacific is likely to witness the highest CAGR during the forecast period due to high consumption from countries such as India, Japan, and China.
