Press release
Liquid Silicone Rubber Market Advances Amid Automotive Electrification and Healthcare Demand
Liquid Silicone Rubber Market
The liquid silicone rubber market was valued at US$ 1,249.3 million in 2022 and is projected to reach US$ 1,877.1 million by 2028; it is expected to grow at a CAGR of 7.0% from 2022 to 2028.
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Key Drivers
Expanding automotive production fuels LSR demand for seals, gaskets, and engine components that withstand harsh conditions. Healthcare applications thrive on its non-allergenic properties for implants and tubing, while electronics benefit from its UV and chemical resistance in connectors and housings. Proliferation of electrification in vehicles and medical device innovation further propel adoption.
Emerging Trends
Precision custom molding with LSR enables intricate parts in electronics and medical fields, driven by low viscosity for high-accuracy production. Shift toward medical-grade variants emphasizes biocompatibility for wearables and fluid systems, alongside industrial uses in aerospace seals. Asia Pacific leads with manufacturing expansions and vehicle autonomy trends boosting specialty components.
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Major Players
• Avantor, Inc.
• Beacon Medtech Solutions
• CHT Germany GmbH
• Dow
• Elkem ASA
• KCC Silicone Corporation
• Momentive
• Shin-Etsu Chemical Co., Ltd.
• Stockwell Elastomerics, Inc.
Growth Opportunities
Electrification and autonomy in mobility create needs for lightweight, heat-resistant LSR parts like LED diffusers and spark-plug boots. Healthcare's push for sterile, flexible materials opens doors in drug delivery and prosthetics, while electronics miniaturization favors its reliability. Investments in production capacities by key players in regions like China enhance supply for diverse end-uses.
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Related Reports-
1. Silicone Market: https://www.theinsightpartners.com/reports/silicone-market
2. Silicone Elastomers Market: https://www.theinsightpartners.com/reports/silicone-elastomers-market
3. Specialty Silicones Market: https://www.theinsightpartners.com/reports/specialty-silicones-market
4. Medical Grade Silicone Market: https://www.theinsightpartners.com/reports/medical-grade-silicone-market
5. Silane and Silicone Market: https://www.theinsightpartners.com/reports/silane-and-silicone-market
Contact Us
Email: sales@theinsightpartners.com
Website: www.theinsightpartners.com
Phone: +1-646-491-9876
About The Insight Partners
The Insight Partners is a leading provider of actionable market research and consulting. The Market report delivers comprehensive market sizing, trends, competitive analysis, and strategic insights to help stakeholders make informed decisions in a rapidly evolving environment.
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