Liquid Silicone Rubber Market - Global Industry Insights, Trends, Outlook, and Opportunity Analysis, 2016–2024

Silicone rubber is defined as an elastomer of silicone that also contains hydrogen, carbon, and oxygen. Silicone rubber is available as one or two-part polymers and comprises fillers to improve properties and reduce costs. Silicone rubber is stable, non-reactive, and resistant to extreme environments and temperatures. It can be used in a wide range of products, including food storage products, textiles, footwear, electronics, and medical devices, among others. This is mainly attributed to its advantageous properties and ease of manufacturing. One of the major factors driving growth of liquid silicone rubber market is increasing demand for electronics. Silicon rubber finds wide application in the healthcare industry and thus, rampant growth of this sector across the globe is further fueling demand for liquid silicone rubber. However, stringent regulations pertaining to use of liquid silicone rubber in medical devices is expected to hamper growth of liquid silicone rubber industry over the forecast period (2016–2024). Therefore, the liquid silicone rubber market is expected to witness moderate growth in terms of revenue over the forecast period.

Rising aging population to drive growth of liquid silicone rubber market

The growing healthcare industry and increasing aging population are expected to be major factors driving demand for liquid silicone rubber in the near future. Demand for liquid silicone rubber is also expected to augment due to burgeoning growth of the electronics sector. Furthermore, automotive sector is also projected to contribute to increase in demand for liquid silicone rubber over the forecast period. Stringent regulations pertaining to specifications of using liquid silicone rubber in medical devices is expected to be one of the major restraining factors for growth of liquid silicone rubber market. Demand for transparent liquid silicone rubber in optical applications is expected to increase, thus creating lucrative opportunity for manufacturers in terms of revenue.

Healthcare sector to contribute major share in the liquid silicone rubber market

The global market can be segmented on the basis of application into the following:

  • Automotive components and parts
  • Medical devices
  • Home appliances
  • Consumer goods
  • Cosmetics
  • Others

The global market can be segmented on the basis of end use industry into the following:

  • Automotive and aerospace
  • Healthcare
  • Electrical and electronics
  • Personal care
  • Building and construction
  • Others

The global market can be categorized on the basis of region into the following:

  • North America
  • Latin America
  • Europe
  • Asia Pacific
  • Africa
  • Middle East

Regional Outlook

North America was the largest market for liquid silicone rubber in 2015. This is mainly attributed to growing population and rampant growth of the healthcare industry in the region. Asia Pacific is expected to be the fastest growing region in the global liquid silicone rubber market over the forecast period. Growth of the market in the region is mainly attributed to increasing demand from economies such as India, China, and Indonesia. Markets in Latin America and Europe are also expected to gain traction in the near future due to growth of associated industries in these regions.

Competitive Analysis

Some of the major players identified in the value chain of global liquid silicone rubber market are Wacker Chemie AG, Shin-Etsu Chemical Co. Ltd, DOW Corning, KCC Corporation, Momentive Performance Materials Inc., Bluestar Silicones (Elkem Group), Simtec Silicone Parts, LLC, Zhejiang Xinan Chemical Industrial Group Co., Ltd., and Reiss Manufacturing Inc., among others.

Research Methodology

Coherent Market Insights followsa comprehensive research methodology focused on providing the most precise market analysis. The company leverages a data triangulation model which helps company to gauge the market dynamics and provide accurate estimates. Key components of the research methodologies followed for all our market reports include:

  • Primary Research (Trade Surveys and Experts Interviews)
  • Desk Research
  • Proprietor Data Analytics Model

In addition to this, Coherent Market Insights has access to a wide range of the regional and global reputed paid data bases, which helps the company to figure out the regional and global market trends and dynamics. The company analyses the industry from the 360 Degree Perspective i.e. from the Supply Side and Demand Side which enables us to provide granular details of the entire ecosystem for each study. Finally, a Top-Down approach and Bottom-Up approach is followed to arrive at ultimate research findings.


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Coherent Market Insights desk research is based on a principle set of research techniques:

  • National level desk research: It Includes research analysis of regional players, regional regulatory bodies, regional trade associations, and regional organization.
  • Multinational level desk research: The research team keeps a track of multinational players, global regulatory bodies, global trade associations, and global organization.

Coherent Market Insights has a large amount of in-house repository of industry database. This is leveraged as a burner for initiating a new research study. Key secondary sources include:

  • Governmental bodies, National and international social welfare institutions, and organizations creating economic policies among others.
  • Trade association, National and international media and trade press.
  • Company Annual reports, SEC filings, Corporate Presentations, press release, news, and specification sheet of manufacturers, system integrators, brick and mortar - distributors and retailers, and third party online commerce players.
  • Scientific journals, and other technical magazines and whitepapers.
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Preliminary Data Mining

The raw data is obtained through the secondary findings, in house repositories, and trade surveys. It is then filtered to ensure that the relevant information including industry dynamics, trends, and outlook is retained for further research process.

Data Standardization:

Holistic approach is used to ensure that the granular and uncommon parameters are taken into consideration to ensure accurate results. The information from the paid databases are further combined to the raw data in order to standardize it.

Coherent Statistical model

We arrive at our final research findings through simulation models. Coherent Data Analytics Model is a statistical tool that helps company to forecast market estimates. Few of the parameters considered as a part of the statistical model include:

  • Micro-economic indicators
  • Macro-economic indicators
  • Environmental indicators
  • Socio-political indicators
  • Technology indicators

Data Processing

Once the findings are derived from the statistical model, large volume of data is process to confirm accurate research results. Data analytics and processing tools are adopted to process large chunk of collected informative data. In case, a client customizes the study during the process, the research finding till then are benchmarked, and the process for new research requirement is initiated again.

Data Validation

This is the most crucial stage of the research process. Primary Interviews are conducted to validate the data and analysis. This helps in achieving the following purposes:

  • It provides first-hand information on the market dynamics, outlook, and growth parameters.
  • Industry experts validates the estimates which helps the company to cement the on-going research study.
  • Primary research includes online surveys, face-to face interviews, and telephonic interviews.

The primary research is conducted with the ecosystem players including, but not limited to:

  • Raw Material Suppliers
  • Manufacturers
  • System Integrators
  • Distributors
  • End-users

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