액상 실리콘 고무 시장 보고서 : 등급별, 경화 시스템별, 최종 이용 산업별, 지역별(2024-2032년)

The global liquid silicone rubber market size reached US$ 2.6 Billion in 2023. Looking forward, IMARC Group expects the market to reach US$ 5.1 Billion by 2032, exhibiting a growth rate (CAGR) of 7.5% during 2024-2032. The increasing demand from industries such as medical devices, automotive, electronics, and consumer goods, product's high durability, biocompatibility, flexibility, and temperature resistance properties, and continuous development in the manufacturing technologies are some of the key factors aiding in market expansion.

Liquid Silicone Rubber Market Analysis:

• Major Market Drivers: Expanding applications in healthcare, automotive, and electronics for the material's biocompatibility, durability, and temperature resistance are promoting the growth of the liquid silicone rubber (LSR) market. In addition to this, the rise in medical-grade LSR demand in the production of implants, surgical tools, and wearables as technology advances is providing an impetus to the market growth.
• Key Market Trends: Key trends in the LSR market include increasing demand for high-performance materials in healthcare; growing utilization of LSRs in electric vehicles (EVs) in sealing and insulation; and advances in manufacturing technologies like liquid injection molding and 3D printing. Such trends allow for more efficient and cost-effective processing of complex, high-precision parts and further extend the application areas of LSR within different industries.
• Geographical Trends: The Asia Pacific region emerges as a significant growth hub for LSRs with its rapid industrialization, blossoming automotive and electronics industries, and rising investments in health care. Countries such as China, Japan, and India have become significant destinations for this growth, bolstered by ongoing innovations and manufacturing capabilities to cater to domestic and global market needs.
• Competitive Landscape: Some of the major market players in the liquid silicone rubber industry include Avantor Inc., Elkem ASA (China National Chemical Corporation), Jiangsu Tianchen New Materials Co. Ltd, Momentive Performance Materials Inc., Reiss Manufacturing Inc., Shin-Etsu Chemical Co. Ltd., Simtec Silicone Parts LLC (The Rico Group), Stockwell Elastomerics Inc., The Dow Chemical Company, Wacker Chemie AG, among many others.
• Challenges and Opportunities: Some of the challenges in the LSR market include high initial costs of advanced manufacturing technologies and compliance with stringent regulatory standards, especially for medical applications. However, these challenges provide leeway and present opportunities for market leaders to implement innovations and the development of new, sustainable, and bio-based LSR products that would position them competitively, as demands for environmentally friendly materials and advanced medical solutions continue to change.

Liquid Silicone Rubber Market Trends:

Growing Usage in the Healthcare Industry

The surging product usage in the healthcare sector is among the major trends observed in the market. Liquid silicone rubber has seen wide application in medical devices, implants, and wearables due to its high biocompatibility, good flexibility, and very temperature- and chemical-resistant features. The rise in chronic diseases, aging populations, and significant advancements in medical technologies are driving high demand for high-performance materials that can be safely used within the human body. LSR, with properties such as low toxicity, hypoallergenic, and withstanding sterilization processes, has placed this material into a variety of uses in the medical space-from catheters, seals, and valves to prosthetics.

Growth in the Automotive Industry

The automotive industry is also one of the major driving forces that have influenced the growth of the LSR market. As the demand for more technologically advanced and efficient vehicles rises, there is an increasing need for materials that can meet the stringent performance and safety standards required in automotive applications. LSR is widely used in automotive gaskets, seals, connectors, and lighting systems due to its very good temperature resistance, durability, and excellent insulation. It also contributes to the increasing EV trend, as these vehicles demand heavy-duty sealing and insulation solutions to protect vulnerable electronic parts and maintain the overall safety of the vehicles. The demand for lightweight material with the influence of improved fuel efficiency encourages manufacturers to consider the utilization of LSR as an alternative material against the traditional ones, thus strengthening the market growth.

Improvement in Manufacturing Technologies

Growing technological innovations in the manufacturing process have influenced the growth of the LSR market. Recent innovations such as liquid injection molding have transformed processing into even faster, more accurate, and economical operations of LSR components. LIM technology allows the manufacturing of complex parts with high accuracy and minimal waste, something quite attractive for medical, automotive, and electronic industries where precision and reliability are the main issues. In addition, 3D printing with LSR opens a wide horizon toward customized and complicated geometries, thereby creating a positive outlook for market expansion.

Liquid Silicone Rubber Market Segmentation:

IMARC Group provides an analysis of the key trends in each segment of the market, along with forecasts at the global, regional, and country levels for 2024-2032. Our report has categorized the market based on grade, curing system, and end use industry.

Breakup by Grade:

• Food Grade
• Industrial Grade
• Medical Grade

Medical grade accounts for the majority of the market share

The report has provided a detailed breakup and analysis of the market based on the grade. This includes food grade, industrial grade, and medical grade. According to the report, medical grade represented the largest segment.

The demand for medical-grade LSR is propelled by the increasing focus on patient safety and the stringent regulatory requirements for medical devices. Medical-grade LSR is preferred due to its superior purity and compliance with rigorous medical standards, such as ISO 10993 and USP Class VI, which ensure that the material is non-toxic, non-cytotoxic, and suitable for prolonged contact with the human body. This grade of LSR is extensively used in the production of critical components like seals, gaskets, and molded parts for surgical instruments, as well as in long-term implants, owing to its ability to maintain performance and stability over extended periods.

Breakup by Curing System:

• Injection Molding
• Peroxide Cure System
• Platinum-Based Cure System
• Condensation Cure System

Injection molding holds the largest share of the industry

A detailed breakup and analysis of the market based on the curing system have also been provided in the report. This includes injection molding, peroxide cure system, platinum-based cure system, and condensation cure system. According to the report, injection molding accounted for the largest market share.

The demand for LSR based on injection molding as a curing system is driven by its efficiency in producing high-precision, complex parts at scale, with minimal waste. Injection molding allows manufacturers to achieve consistent quality and tight tolerances, essential for industries like healthcare, automotive, and electronics where reliability and performance are critical. This curing system is particularly advantageous for high-volume production, as it significantly reduces cycle times and labor costs, making it ideal for mass production of intricate components. Additionally, the ability to automate the injection molding process enhances productivity and reduces the risk of contamination, a crucial factor in sectors requiring sterile conditions, such as medical device manufacturing.

Breakup by End Use Industry:

• Automotive
• Healthcare
• Electrical and Electronics
• Cosmetic and Personal Care
• Consumer Goods
• Others

Healthcare represents the leading market segment

The report has provided a detailed breakup and analysis of the market based on the end use industry. This includes automotive, healthcare, electrical and electronics, cosmetic and personal care, consumer goods, and others. According to the report, healthcare represented the largest segment.

The demand for LSR in the healthcare industry is primarily driven by the growing emphasis on infection control and the need for highly durable, biocompatible materials in medical applications. LSR's inherent resistance to bacteria, fungi, and other pathogens makes it an ideal choice for producing components that come into direct contact with patients, such as catheters, tubing, and respiratory masks. Additionally, the material's ability to withstand repeated sterilization processes without degrading ensures long-term reliability, which is crucial for reusable medical devices. The increasing adoption of wearable medical devices, which require soft, flexible, and skin-safe materials, also boosts demand for LSR, as it provides comfort while maintaining the necessary strength and durability.

Breakup by Region:

• North America
  • United States
  • Canada
• Asia-Pacific
  • China
  • Japan
  • India
  • South Korea
  • Australia
  • Indonesia
  • Others
• Europe
  • Germany
  • France
  • United Kingdom
  • Italy
  • Spain
  • Russia
  • Others
• Latin America
  • Brazil
  • Mexico
  • Others
• Middle East and Africa

Asia Pacific leads the market, accounting for the largest liquid silicone rubber market share

The report has also provided a comprehensive analysis of all the major regional markets, which include North America (the United States and Canada); Europe (Germany, France, the United Kingdom, Italy, Spain, Russia, and others); Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, and others); Latin America (Brazil, Mexico, and others); and the Middle East and Africa. According to the report, Asia Pacific represents the largest regional market for liquid silicone rubber.

Based on the liquid silicone rubber market forecast, the product demand in the Asia Pacific region is primarily spurred by rapid industrialization, urbanization, and the growing middle-class population, which boosts demand across several key industries, including automotive, electronics, and healthcare. In particular, the region's booming automotive sector, especially in countries like China, Japan, and India, is a major driver, as manufacturers increasingly adopt LSR for its durability, heat resistance, and ability to produce lightweight components that improve fuel efficiency. The expanding electronics manufacturing base in the Asia Pacific, known for producing consumer electronics and advanced gadgets, also propels LSR demand, as the material is essential for producing reliable, high-performance seals, connectors, and insulation parts.

Competitive Landscape:

• The market research report has also provided a comprehensive analysis of the competitive landscape in the market. Detailed profiles of all major companies have also been provided. Some of the major market players in the liquid silicone rubber industry include Avantor Inc., Elkem ASA (China National Chemical Corporation), Jiangsu Tianchen New Materials Co. Ltd, Momentive Performance Materials Inc., Reiss Manufacturing Inc., Shin-Etsu Chemical Co. Ltd., Simtec Silicone Parts LLC (The Rico Group), Stockwell Elastomerics Inc., The Dow Chemical Company, Wacker Chemie AG, etc.

(Please note that this is only a partial list of the key players, and the complete list is provided in the report.)

• The competitive landscape of the global LSR market is characterized by the presence of several key players focusing on innovation, product quality, and expanding their global reach. Major companies lead the market, driven by continuous research and development efforts to enhance LSR's properties and expand its applications across various industries. These companies are also investing in strategic partnerships, mergers, and acquisitions to strengthen their market position and broaden their product portfolios. Additionally, regional players in Asia Pacific and Europe are increasingly gaining traction by offering cost-effective solutions and catering to local demands. The market is also witnessing a growing trend towards sustainable and bio-based LSR products, driven by consumer demand and environmental regulations, adding a new dimension to the competition.

Liquid Silicone Rubber Market News:

• In February 2024, Trelleborg Group agreed to acquire Baron Group, an Australian-Chinese company specializing in manufacturing precision silicone components. The acquisition, made through the Trelleborg Sealing Solutions business area, will strengthen the Group's application expertise and manufacturing capacity. The acquisition positions the Group as a global partner for medical technology products like sleep apnea, respiratory care, and COPD.
• In May 2024, ELMET introduced its new TOP 700 dosing system for injection moulding liquid silicone rubber (LSR) at NPE 2024. The TOP 700 offers high-precision dosing of silicones and additives, similar to its flagship TOP 7000 Pro dosing system. It can achieve delivery rates of over five litres/minute at a maximum pump pressure of 210 bar, enabling short cycle times for larger parts and large numbers of small cavities. The system can dispense additives and colors from 1, 4, and 20 litre containers, with a resolution of below 0.1 μl/l.

Key Questions Answered in This Report

• 1. What was the size of the global liquid silicone rubber market in 2023?
• 2. What is the expected growth rate of the global liquid silicone rubber market during 2024-2032?
• 3. What are the key factors driving the global liquid silicone rubber market?
• 4. What has been the impact of COVID-19 on the global liquid silicone rubber market?
• 5. What is the breakup of the global liquid silicone rubber market based on the grade?
• 6. What is the breakup of the global liquid silicone rubber market based on the curing system?
• 7. What is the breakup of the global liquid silicone rubber market based on the end use industry?
• 8. What are the key regions in the global liquid silicone rubber market?
• 9. Who are the key players/companies in the global liquid silicone rubber market?

Table of Contents

1 Preface

2 Scope and Methodology

• 2.1 Objectives of the Study
• 2.2 Stakeholders
• 2.3 Data Sources
  • 2.3.1 Primary Sources
  • 2.3.2 Secondary Sources
• 2.4 Market Estimation
  • 2.4.1 Bottom-Up Approach
  • 2.4.2 Top-Down Approach
• 2.5 Forecasting Methodology

3 Executive Summary

4 Introduction

• 4.1 Overview
• 4.2 Key Industry Trends

5 Global Liquid Silicone Rubber Market

• 5.1 Market Overview
• 5.2 Market Performance
• 5.3 Impact of COVID-19
• 5.4 Market Forecast

6 Market Breakup by Grade

• 6.1 Food Grade
  • 6.1.1 Market Trends
  • 6.1.2 Market Forecast
• 6.2 Industrial Grade
  • 6.2.1 Market Trends
  • 6.2.2 Market Forecast
• 6.3 Medical Grade
  • 6.3.1 Market Trends
  • 6.3.2 Market Forecast

7 Market Breakup by Curing System

• 7.1 Injection Molding
  • 7.1.1 Market Trends
  • 7.1.2 Market Forecast
• 7.2 Peroxide Cure System
  • 7.2.1 Market Trends
  • 7.2.2 Market Forecast
• 7.3 Platinum-Based Cure System
  • 7.3.1 Market Trends
  • 7.3.2 Market Forecast
• 7.4 Condensation Cure System
  • 7.4.1 Market Trends
  • 7.4.2 Market Forecast

8 Market Breakup by End Use Industry

• 8.1 Automotive
  • 8.1.1 Market Trends
  • 8.1.2 Market Forecast
• 8.2 Healthcare
  • 8.2.1 Market Trends
  • 8.2.2 Market Forecast
• 8.3 Electrical and Electronics
  • 8.3.1 Market Trends
  • 8.3.2 Market Forecast
• 8.4 Cosmetic and Personal Care
  • 8.4.1 Market Trends
  • 8.4.2 Market Forecast
• 8.5 Consumer Goods
  • 8.5.1 Market Trends
  • 8.5.2 Market Forecast
• 8.6 Others
  • 8.6.1 Market Trends
  • 8.6.2 Market Forecast

9 Market Breakup by Region

• 9.1 North America
  • 9.1.1 United States
    • 9.1.1.1 Market Trends
    • 9.1.1.2 Market Forecast
  • 9.1.2 Canada
    • 9.1.2.1 Market Trends
    • 9.1.2.2 Market Forecast
• 9.2 Asia-Pacific
  • 9.2.1 China
    • 9.2.1.1 Market Trends
    • 9.2.1.2 Market Forecast
  • 9.2.2 Japan
    • 9.2.2.1 Market Trends
    • 9.2.2.2 Market Forecast
  • 9.2.3 India
    • 9.2.3.1 Market Trends
    • 9.2.3.2 Market Forecast
  • 9.2.4 South Korea
    • 9.2.4.1 Market Trends
    • 9.2.4.2 Market Forecast
  • 9.2.5 Australia
    • 9.2.5.1 Market Trends
    • 9.2.5.2 Market Forecast
  • 9.2.6 Indonesia
    • 9.2.6.1 Market Trends
    • 9.2.6.2 Market Forecast
  • 9.2.7 Others
    • 9.2.7.1 Market Trends
    • 9.2.7.2 Market Forecast
• 9.3 Europe
  • 9.3.1 Germany
    • 9.3.1.1 Market Trends
    • 9.3.1.2 Market Forecast
  • 9.3.2 France
    • 9.3.2.1 Market Trends
    • 9.3.2.2 Market Forecast
  • 9.3.3 United Kingdom
    • 9.3.3.1 Market Trends
    • 9.3.3.2 Market Forecast
  • 9.3.4 Italy
    • 9.3.4.1 Market Trends
    • 9.3.4.2 Market Forecast
  • 9.3.5 Spain
    • 9.3.5.1 Market Trends
    • 9.3.5.2 Market Forecast
  • 9.3.6 Russia
    • 9.3.6.1 Market Trends
    • 9.3.6.2 Market Forecast
  • 9.3.7 Others
    • 9.3.7.1 Market Trends
    • 9.3.7.2 Market Forecast
• 9.4 Latin America
  • 9.4.1 Brazil
    • 9.4.1.1 Market Trends
    • 9.4.1.2 Market Forecast
  • 9.4.2 Mexico
    • 9.4.2.1 Market Trends
    • 9.4.2.2 Market Forecast
  • 9.4.3 Others
    • 9.4.3.1 Market Trends
    • 9.4.3.2 Market Forecast
• 9.5 Middle East and Africa
  • 9.5.1 Market Trends
  • 9.5.2 Market Breakup by Country
  • 9.5.3 Market Forecast

10 SWOT Analysis

• 10.1 Overview
• 10.2 Strengths
• 10.3 Weaknesses
• 10.4 Opportunities
• 10.5 Threats

11 Value Chain Analysis

12 Porters Five Forces Analysis

• 12.1 Overview
• 12.2 Bargaining Power of Buyers
• 12.3 Bargaining Power of Suppliers
• 12.4 Degree of Competition
• 12.5 Threat of New Entrants
• 12.6 Threat of Substitutes

13 Price Analysis

14 Competitive Landscape

• 14.1 Market Structure
• 14.2 Key Players
• 14.3 Profiles of Key Players
  • 14.3.1 Avantor Inc.
    • 14.3.1.1 Company Overview
    • 14.3.1.2 Product Portfolio
    • 14.3.1.3 Financials
  • 14.3.2 Elkem ASA (China National Chemical Corporation)
    • 14.3.2.1 Company Overview
    • 14.3.2.2 Product Portfolio
    • 14.3.2.3 Financials
  • 14.3.3 Jiangsu Tianchen New Materials Co. Ltd
    • 14.3.3.1 Company Overview
    • 14.3.3.2 Product Portfolio
  • 14.3.4 Momentive Performance Materials Inc.
    • 14.3.4.1 Company Overview
    • 14.3.4.2 Product Portfolio
  • 14.3.5 Reiss Manufacturing Inc.
    • 14.3.5.1 Company Overview
    • 14.3.5.2 Product Portfolio
  • 14.3.6 Shin-Etsu Chemical Co. Ltd.
    • 14.3.6.1 Company Overview
    • 14.3.6.2 Product Portfolio
    • 14.3.6.3 Financials
    • 14.3.6.4 SWOT Analysis
  • 14.3.7 Simtec Silicone Parts LLC (The Rico Group)
    • 14.3.7.1 Company Overview
    • 14.3.7.2 Product Portfolio
  • 14.3.8 Stockwell Elastomerics Inc.
    • 14.3.8.1 Company Overview
    • 14.3.8.2 Product Portfolio
  • 14.3.9 The Dow Chemical Company
    • 14.3.9.1 Company Overview
    • 14.3.9.2 Product Portfolio
  • 14.3.10 Wacker Chemie AG
    • 14.3.10.1 Company Overview
    • 14.3.10.2 Product Portfolio
    • 14.3.10.3 Financials
    • 14.3.10.4 SWOT Analysis