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 liquid silicone rubber market is partially consolidated in nature, with the top five players accounting for a major share (in terms of revenues generated) of the market studied. Some of the major players in the market studied (not in any particular order) include Dow, Wacker Chemie AG, Shin-Etsu Chemical Co. Ltd, Momentive Performance Materials, and Elkem ASA.
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