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The Asia Pacific Liquid Silicone Rubber (LSR) market size was valued at US$ 1.24 billion in 2024 and is projected to reach US$ 1.78 billion by 2030, at a CAGR of 6.2% during the forecast period 2024-2030.
Liquid Silicone Rubber (LSR) is a high-purity, platinum-cured silicone elastomer used in various industries for its excellent stability, flexibility, and biocompatibility, particularly in medical, automotive, and consumer goods applications.
The Asia Pacific LSR market is growing rapidly, driven by increasing demand in healthcare, electronics, and automotive sectors. China accounts for 40% of the market, followed by Japan at 25% and South Korea at 20%. In 2023, the medical and healthcare sector consumed 35% of total production, with automotive at 25% and electronics at 20%. The market experienced a 10% growth in demand for self-lubricating LSR grades. Key players include Shin-Etsu Chemical Co., Ltd. (Japan) and Momentive Performance Materials Inc. (USA), holding a combined 45% market share in the region.
The industry is investing in advanced manufacturing technologies, with a 15% increase in R&D spending on liquid injection molding systems in 2023. Challenges include raw material price volatility and competition from thermoplastic elastomers, leading to an 8% focus on developing cost-effective, high-performance formulations. The trend towards electric vehicles has driven a 12% increase in LSR use for battery components and charging systems. The market is benefiting from the growth of wearable technology, with a 20% rise in LSR demand for flexible electronics and medical wearables in countries like China and South Korea.
Report Includes
This report is an essential reference for who looks for detailed information on Asia Pacific Liquid Silicone Rubber (LSR). The report covers data on Asia Pacific markets including historical and future trends for supply, market size, prices, trading, competition and value chain as well as Asia Pacific major vendors¡¯ information. In addition to the data part, the report also provides overview of Liquid Silicone Rubber (LSR), including classification, application, manufacturing technology, industry chain analysis and latest market dynamics. Finally, a customization report in order to meet user's requirements is also available.
This report aims to provide a comprehensive presentation of the Asia Pacific Liquid Silicone Rubber (LSR), with both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding Liquid Silicone Rubber (LSR). This report contains market size and forecasts of Liquid Silicone Rubber (LSR) in Asia Pacific, including the following market information:
We surveyed the Liquid Silicone Rubber (LSR) manufacturers, suppliers, distributors and industry experts on this industry, involving the sales, revenue, demand, price change, product type, recent development and plan, industry trends, drivers, challenges, obstacles, and potential risks.
Total Market by Segment:
by Country
China
India
Japan
South Korea
Australia
Thailand
Indonesia
by Products type:
Industrial Grade LSR
Food Grade LSR
Medical Grade LSR
by Application:
Medical Products
Home Appliance and Food Contact
Automotive
Electronics and Electrical
Building Industry
Defense
Others
key players include:
Wacker Chemie AG
Shin-Etsu Chemical Co., Ltd.
KCC Corporation
Elkem ASA
Momentive
Dow Corning Corporation
Nusil Technology LLC
Simtec Silicone Parts, LLC
Stockwell Elastomerics Inc.
Zhejiang Xinan Chemical Industrial Group Co., Ltd.
Including or excluding key companies relevant to your analysis.
Competitor Analysis
The report also provides analysis of leading market participants including:
Key companies Liquid Silicone Rubber (LSR) revenues in Asia Pacific market, 2019-2024 (Estimated), ($ millions)
Key companies Liquid Silicone Rubber (LSR) revenues share in Asia Pacific market, 2023 (%)
Key companies Liquid Silicone Rubber (LSR) sales in Asia Pacific market, 2019-2024 (Estimated),
Key companies Liquid Silicone Rubber (LSR) sales share in Asia Pacific market, 2023 (%)
FAQs on Asia Pacific Liquid Silicone Rubber (LSR) Market:
1. What is the size of the Asia Pacific Liquid Silicone Rubber (LSR) market?
The Asia Pacific Liquid Silicone Rubber (LSR) market was valued at USD 1.24 billion in 2024 and is projected to reach USD 1.78 billion by 2030, growing at a compound annual growth rate (CAGR) of 6.2% during the forecast period 2024–2030.
2. What is Liquid Silicone Rubber (LSR), and what are its key properties?
Liquid Silicone Rubber (LSR) is a high-purity, two-component silicone used for precision molding and manufacturing. Key properties include:
High flexibility and durability.
Resistance to extreme temperatures (-50°C to 250°C).
Biocompatibility, making it ideal for medical applications.
Resistance to UV rays, chemicals, and water.
Excellent electrical insulation properties.
3. What are the main applications of Liquid Silicone Rubber (LSR)?
LSR is widely used across various industries, including:
Healthcare and Medical: Catheters, seals, and implants due to its biocompatibility.
Automotive: Gaskets, connectors, and keypads for its heat and chemical resistance.
Consumer Goods: Kitchenware, baby products, and wearables.
Electronics: Insulators, seals, and components for its electrical insulation and durability.
4. Which countries in Asia Pacific are leading the LSR market?
The leading countries include:
China: The largest market due to its expansive automotive, electronics, and consumer goods industries.
Japan: Strong focus on high-quality medical devices and automotive parts.
India: Rapid industrialization and increasing adoption in healthcare and automotive sectors.
5. How is the healthcare sector contributing to LSR market growth?
The healthcare sector is a major driver due to the rising demand for:
Medical-grade LSR for implants, seals, and prosthetics.
Biocompatible and hypoallergenic materials for patient safety.
Durable products like medical tubing and wearable devices.
6. What are the advantages of using LSR in automotive applications?
In automotive applications, LSR offers:
Resistance to high temperatures and harsh chemicals.
Lightweight, flexible components that improve fuel efficiency.
Longevity and durability under extreme conditions.
Noise and vibration damping for a smoother ride.
Key Points of this Report:
The depth industry chain includes analysis value chain analysis, porter five forces model analysis and cost structure analysis
The report covers Asia Pacific and country-wise market of Liquid Silicone Rubber (LSR)
It describes present situation, historical background and future forecast
Comprehensive data showing Liquid Silicone Rubber (LSR) capacities, production, consumption, trade statistics, and prices in the recent years are provided
The report indicates a wealth of information on Liquid Silicone Rubber (LSR) manufacturers
Liquid Silicone Rubber (LSR) forecast for next five years, including market volumes and prices is also provided
Raw Material Supply and Downstream Consumer Information is also included
Any other user's requirements which is feasible for us
Reasons to Purchase this Report:
Analyzing the outlook of the market with the recent trends and SWOT analysis
Market dynamics scenario, along with growth opportunities of the market in the years to come
Market segmentation analysis including qualitative and quantitative research incorporating the impact of economic and non-economic aspects
Regional and country level analysis integrating the demand and supply forces that are influencing the growth of the market.
Market value (USD Million) and volume (Units Million) data for each segment and sub-segment
Distribution Channel sales Analysis by Value
Competitive landscape involving the market share of major players, along with the new projects and strategies adopted by players in the past five years
Comprehensive company profiles covering the product offerings, key financial information, recent developments, SWOT analysis, and strategies employed by the major market players
1-year analyst support, along with the data support in excel format.
1.1 Product Overview and Scope of Liquid Silicone Rubber (LSR)
1.2.1 Asia Pacific Market Size YoY Growth Rate Analysis by Type: 2023 VS 2030
1.2.2 Industrial Grade LSR
1.2.3 Food Grade LSR
1.2.4 Medical Grade LSR
1.3.1 Asia Pacific Market Size YoY Growth Rate Analysis by Application: 2023 VS 2030
1.3.2 Medical Products
1.3.3 Home Appliance and Food Contact
1.3.4 Automotive
1.3.5 Electronics and Electrical
1.3.6 Building Industry
1.3.7 Defense
1.3.8 Others
1.4 Asia Pacific Market Growth Prospects
1.4.1 Asia Pacific Revenue Estimates and Forecasts (2019-2030)
1.4.2 Asia Pacific Production Estimates and Forecasts (2019-2030)
2.1 Industry Trends
2.1.1 SWOT Analysis
2.1.2 PESTEL Analysis
2.1.3 Porter’s Five Forces Analysis
2.2 Potential Market and Growth Potential Analysis
3.1 Asia Pacific Production by Manufacturers (2019-2023)
3.2 Asia Pacific Revenue Market Share by Manufacturers (2019-2023)
3.3 Market Share by Company Type (Tier 1, Tier 2, and Tier 3)
3.4 Asia Pacific Average Price by Manufacturers (2019-2023)
3.5 Manufacturers Production Sites, Area Served, Product Type
3.6 Market Competitive Situation and Trends
3.6.1 Market Concentration Rate
3.6.2 Asia Pacific 5 and 10 Largest Players Market Share by Revenue
3.6.3 Mergers & Acquisitions, Expansion
4.1 Asia Pacific Production
4.1.1 Asia Pacific Production YoY Growth Rate (2019-2023)
4.1.2 Asia Pacific Production, Revenue, Price and Gross Margin (2019-2024)
5.1 Asia Pacific
5.1.1 Asia Pacific Consumption by Country
5.1.2 Asia Pacific Sales, Consumption, Export, Import (2019-2023)
5.1.1 China
5.2.2 India
5.3.3 Japan
5.4.4 South Korea
5.5.5 Australia
5.6.6 Thailand
5.7.7 Indonesia
6.1 Asia Pacific Production Market Share by Type (2019-2024)
6.2 Asia Pacific Revenue Market Share by Type (2019-2024)
6.3 Asia Pacific Price by Type (2019-2024)
7.1 Asia Pacific Production Market Share by Application (2019-2024)
7.2 Asia Pacific Revenue Market Share by Application (2019-2024)
7.3 Asia Pacific Price by Application (2019-2024)
8.1 Wacker Chemie AG
8.1.1 Wacker Chemie AG Corporation Information
8.1.2 Wacker Chemie AG Product Portfolio
8.1.3 Wacker Chemie AG Production Capacity, Revenue, Price and Gross Margin (2019-2024)
8.1.4 Wacker Chemie AG Main Business and Markets Served
8.1.5 Wacker Chemie AG Recent Developments/Updates
8.2 Shin-Etsu Chemical Co., Ltd.
8.2.1 Shin-Etsu Chemical Co., Ltd. Corporation Information
8.2.2 Shin-Etsu Chemical Co., Ltd. Product Portfolio
8.2.3 Shin-Etsu Chemical Co., Ltd. Production Capacity, Revenue, Price and Gross Margin (2019-2024)
8.2.4 Shin-Etsu Chemical Co., Ltd. Main Business and Markets Served
8.2.5 Shin-Etsu Chemical Co., Ltd. Recent Developments/Updates
8.3 KCC Corporation
8.3.1 KCC Corporation Corporation Information
8.3.2 KCC Corporation Product Portfolio
8.3.3 KCC Corporation Production Capacity, Revenue, Price and Gross Margin (2019-2024)
8.3.4 KCC Corporation Main Business and Markets Served
8.3.5 KCC Corporation Recent Developments/Updates
8.4 Elkem ASA
8.4.1 Elkem ASA Corporation Information
8.4.2 Elkem ASA Product Portfolio
8.4.3 Elkem ASA Production Capacity, Revenue, Price and Gross Margin (2019-2024)
8.4.4 Elkem ASA Main Business and Markets Served
8.4.5 Elkem ASA Recent Developments/Updates
8.5 Momentive
8.5.1 Momentive Corporation Information
8.5.2 Momentive Product Portfolio
8.5.3 Momentive Production Capacity, Revenue, Price and Gross Margin (2019-2024)
8.5.4 Momentive Main Business and Markets Served
8.5.5 Momentive Recent Developments/Updates
8.6 Dow Corning Corporation
8.6.1 Dow Corning Corporation Corporation Information
8.6.2 Dow Corning Corporation Product Portfolio
8.6.3 Dow Corning Corporation Production Capacity, Revenue, Price and Gross Margin (2019-2024)
8.6.4 Dow Corning Corporation Main Business and Markets Served
8.6.5 Dow Corning Corporation Recent Developments/Updates
8.7 Nusil Technology LLC
8.7.1 Nusil Technology LLC Corporation Information
8.7.2 Nusil Technology LLC Production Capacity, Revenue, Price and Gross Margin (2019-2024)
8.7.3 Nusil Technology LLC Main Business and Markets Served
8.7.4 Nusil Technology LLC Recent Developments/Updates
8.8 Simtec Silicone Parts, LLC
8.8.1 Simtec Silicone Parts, LLC Corporation Information
8.8.2 Simtec Silicone Parts, LLC Product Portfolio
8.8.3 Simtec Silicone Parts, LLC Production Capacity, Revenue, Price and Gross Margin (2019-2024)
8.8.4 Simtec Silicone Parts, LLC Main Business and Markets Served
8.8.5 Simtec Silicone Parts, LLC Recent Developments/Updates
8.9 Stockwell Elastomerics Inc.
8.9.1 Stockwell Elastomerics Inc. Corporation Information
8.9.2 Stockwell Elastomerics Inc. Product Portfolio
8.9.3 Stockwell Elastomerics Inc. Production Capacity, Revenue, Price and Gross Margin (2019-2024)
8.9.4 Stockwell Elastomerics Inc. Main Business and Markets Served
8.9.5 Stockwell Elastomerics Inc. Recent Developments/Updates
8.10 Zhejiang Xinan Chemical Industrial Group Co., Ltd.
8.10.1 Zhejiang Xinan Chemical Industrial Group Co., Ltd. Corporation Information
8.10.2 Zhejiang Xinan Chemical Industrial Group Co., Ltd. Product Portfolio
8.10.3 Zhejiang Xinan Chemical Industrial Group Co., Ltd. Production Capacity, Revenue, Price and Gross Margin (2019-2024)
8.10.4 Zhejiang Xinan Chemical Industrial Group Co., Ltd. Main Business and Markets Served
8.10.5 Zhejiang Xinan Chemical Industrial Group Co., Ltd. Recent Developments/Updates
9.1 Key Raw Materials Analysis
9.1.1 Key Raw Materials
9.1.2 Key Suppliers of Raw Materials
9.2 Proportion of Manufacturing Cost Structure
9.3 Manufacturing Process Analysis of Liquid Silicone Rubber (LSR)
9.4 Industrial Chain Analysis
10.1 Marketing Channel
10.2 Distributors List
10.3 Customers
11.1 Industry Trends
11.2 Market Drivers
11.3 Market Challenges
11.4 Market Restraints
12.1 Asia Pacific Production, Revenue Forecast (2024-2030)
13.1 Asia Pacific Forecasted Consumption of by Country
14.1 Asia Pacific Production, Revenue and Price Forecast by Type (2024-2030)
14.1.1 Asia Pacific Forecasted Production of by Type (2024-2030)
14.1.2 Asia Pacific Forecasted Revenue of by Type (2024-2030)
14.1.3 Asia Pacific Forecasted Price of by Type (2024-2030)
14.2 Asia Pacific Production, Revenue and Price Forecast by Application (2024-2030)
14.2.1 Asia Pacific Forecasted Production of by Application (2024-2030)
14.2.2 Asia Pacific Forecasted Revenue of by Application (2024-2030)
14.2.3 Asia Pacific Forecasted Price of by Application (2024-2030)
16.1 Methodology/Research Approach
16.1.1 Research Programs/Design
16.1.2 Market Size Estimation
16.1.3 Market Breakdown and Data Triangulation
16.2 Data Source
16.2.1 Secondary Sources
16.2.2 Primary Sources
16.3 Author List
16.4 Disclaimer
17.1 Note
17.2 Examples of Clients
Frequently Asked Questions ?
