Study #: 3751 | Published: 08/2019 | Pages: 135 | Individual User License: US$ 3,900

Expanding Range of Applications Drives Demand Growth for LSR

The US market for liquid silicone rubber (LSR) materials (i.e., the materials used to produce LSR molded parts) is forecast to increase 8.3% per year to $685 million in 2023, continuing robust growth as:

  • the range of applications for LSR – especially in the medical and automotive markets – continues to expand rapidly
  • more processors adopt production capabilities for LSR and become more familiar with complex molding techniques such as micromolding and 2-component (2K) molding
  • fabricators become increasingly familiar with LSR’s performance advantages, including fast processing speeds, precision molding, and biocompatibility
  • processors increasingly employ specialty LSR grades that are sold at higher price points

Key Findings in the Liquid Silicone Rubber Study:

Strong Growth Opportunities for High-Transparency and Other Specialty LSR Grades

High-transparency LSR grades are increasingly specified for new high-power LED lighting technologies, which require materials that can retain optical clarity when exposed to high temperatures and ultraviolet (UV) light for long durations. Key outlets include automotive headlights and high-powered street and stadium lighting.

Other specialty LSR products gaining traction are grades that improve processing efficiency. Self-lubricating, self-adhesive, and non-post-cure types, for example, help eliminate additional fabrication steps such as post-curing and the application of coatings or binders.

Medical Market to See Fastest Growth in LSR Demand

Applications for LSR are rapidly expanding in the medical market, where the material is favored for its superior purity and biocompatibility compared to high consistency rubber (HCR) silicone. Among the fastest growing applications are these that also require high precision molding, such as implantable devices and wearables used to monitor variables such as blood pressure or heartrate. LSR materials used in additive manufacturing (i.e., 3D printing) are also expected to find growth opportunities in the medical market, where 3D printing will be increasingly employed for developing small-batch, custom devices.

Market Leaders Invest in Specialty LSR Materials

The LSR materials industry remains highly concentrated, with the top five suppliers – Dow, Elkem Silicones, Momentive Performance Materials, Shin-Etsu Chemical, and Wacker Chemie – vying for a competitive edge by way of pricing, product performance, and customer service. Each of these firms is investing in the development of specialty LSR grades – such as types used with 3D printing and faster curing types – that offer unique benefits, particularly for the quickly expanding medical market.

Study Coverage

This Freedonia industry study analyzes the $460 million US liquid silicone rubber market. It presents historical demand (2008, 2013, 2018) and forecasts for 2023 by market (automotive, medical, consumer & baby care, electrical & electronic, industrial & other). Analysis and growth forecasts are also presented for specialty LSR grades (self-lubricating, non-post-cure, self-adhesive, high-transparency, LSR coatings). Demand data are provided in dollars; total LSR demand is also given in pounds. In addition, the study offers demand data for LSR molded parts and total silicone elastomers by product (HCR, LSR, and RTV) in dollars. The study evaluates company market share and analyzes industry competitors including Dow, Elkem, Momentive Performance Materials, Shin-Etsu Chemical, and Wacker Chemie.


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Table of Contents

EXECUTIVE SUMMARY

OVERVIEW

Key Findings

Silicone Elastomers Overview

LSR Technology

LSR Market Size & Historical Trends

LSR Demand Forecast

Regulatory Environment for Silicones

Pricing

Global LSR Demand

LSR MATERIALS

Key Findings

Key LSR Characteristics

Specialty LSR Types & Grades

Key Specialty Products & Applications

Self-Lubricating

Non-Post-Cure

Self-Adhesive

High-Transparency

LSR Coatings

Other Specialty Grades

Competitive Materials

HCR Silicone

Thermoplastic Elastomer (TPE)

Other Elastomers

LSR MARKETS

Key Findings

LSR Demand by Market

Automotive

Automotive: Market Size & Outlook

Automotive: Growth Opportunities

Medical

Medical: Market Size & Outlook

Medical: Growth Opportunities

Consumer & Baby Care

Consumer & Baby Care: Market Size & Outlook

Consumer & Baby Care: Growth Opportunities

Electrical & Electronic

Electrical & Electronic: Market Size & Outlook

Electrical & Electronic: Growth Opportunities

Industrial & Other Markets

GROWTH OPPORTUNITIES

Key Findings

Processes: Growth Opportunities

Overmolding

2-Component (2K) Molding

Micromolding

Additive Manufacturing (3D Printing)

Applications: Growth Opportunities

Optical/Lighting

Automotive Sensors

Cleanroom Manufacturing

Wearable Devices

MACHINERY & EQUIPMENT

Key Findings

Injection Molding Machinery

Metering & Dosing Equipment

Injection Molds & Tooling

Key Industry Trends & Opportunities

Automation

Industry 4.0

Turnkey Manufacturing

INDUSTRY STRUCTURE

Key Findings & Industry Composition

LSR Materials Market Share

LSR Molders

Mergers & Acquisitions

Marketing Strategies

Distribution Channels

APPENDIX

Scope

Definitions

Abbreviations

Freedonia Methodology

Study-Specific Methodology

Sources

Associations & Agencies

Related Studies & Reports

Macroeconomic Assumptions

Economic Environment

Demographic Trends

Consumer Spending

Manufacturers' Shipments


List of Tables

OVERVIEW

Table 2-1 | US Silicone Elastomer Demand, 2008 - 2023 (million dollars)

Table 2-2 | Silicone Elastomers: Major Markets & Functions

Table 2-3 | Liquid Silicone Rubber Demand, 2008 - 2018 (million dollars)

Table 2-4 | Liquid Silicone Rubber Demand, 2008 - 2023 (million pounds & million dollars)

Table 2-5 | Regulatory Bodies: Key Responsibilities in Silicone Industry

LSR MATERIALS

Table 3-1 | Special LSR Types/Grades & Key Applications

Table 3-2 | Self-Lubricating LSR: Product Examples

Table 3-3 | Non-Post-Cure LSR: Product Examples

Table 3-4 | Self-Adhesive LSR: Product Examples

Table 3-5 | High-Transparency LSR: Product Examples

Table 3-6 | LSR Coatings: Product Examples

Table 3-7 | Other Specialty Grades: Key Properties & Product Examples

Table 3-8 | HCR Silicone: Key Material Properties & Comparison to LSR

Table 3-9 | TPE: Key Material Properties & Comparison to LSR

Table 3-10 | Selected Other Elastomers: Key Properties, Applications, & Comparison to LSR

LSR MARKETS

Table 4-1 | Liquid Silicone Rubber Demand by Market, 2008 - 2023 (million dollars)

Table 4-2 | Automotive Liquid Silicone Rubber Demand, 2008 - 2023 (million pounds & million dollars)

Table 4-3 | Medical Liquid Silicone Rubber Demand, 2008 - 2023 (million pounds & million dollars)

Table 4-4 | Consumer & Baby Care Liquid Silicone Rubber Demand, 2008 - 2023 (million pounds & million dollars)

Table 4-5 | Electrical & Electronic Liquid Silicone Rubber Demand, 2008 - 2023 (million pounds & million dollars)

Table 4-6 | Industrial & Other Liquid Silicone Rubber Demand, 2008 - 2023 (million pounds & million dollars)

MACHINERY & EQUIPMENT

Table 6-1 | Major Liquid Injection Molding Machinery Suppliers & Brands

INDUSTRY STRUCTURE

Table 7-1 | US Liquid Silicone Rubber Materials Sales by Company, 2018 (million dollars)

Table 7-2 | Leading Supplier: Key LSR Product Lines

Table 7-3 | Second Leading Supplier: Key LSR Product Lines

Table 7-4 | Third Leading Supplier: Key LSR Product Lines

Table 7-5 | Fourth Leading Supplier: Key LSR Product Lines

Table 7-6 | Fifth Leading Supplier: Key LSR Product Lines

Table 7-7 | Selected Injection Mold Suppliers & Key Markets Served

Table 7-8 | Selected Mergers & Acquisitions

APPENDIX

Table 8-1 | Relevant Industry Codes

Table 8-2 | Relevant HS Codes

Table 8-3 | Abbreviations & Acronyms Used in Study

Table 8-4 | Macroeconomic Indicators, 2008 - 2023 (billion 2012 dollars)

Table 8-5 | Population & Households, 2008 - 2023 (million persons)

Table 8-6 | Personal Consumption Expenditures, 2008 - 2023 (billion dollars)

Table 8-7 | Manufacturers' Shipments, 2008 - 2023 (billion dollars)


List of Figures

EXECUTIVE SUMMARY

Figure 1-1 | US Liquid Silicone Rubber Market Outlook

OVERVIEW

Figure 2-1 | Liquid Silicone Rubber Market Overview

Figure 2-2 | Liquid Silicone Rubber Demand, 2008 - 2023 (million pounds & million dollars)

Figure 2-3 | Liquid Silicone Rubber Materials Pricing, 2008 - 2023 (dollars per pound)

Figure 2-4 | Global Demand Share for Liquid Silicone Rubber Materials, 2018 (billion dollars)

LSR MATERIALS

Figure 3-1 | LSR Materials Overview

Figure 3-2 | Key Properties & Processing Advantages of LSR

Figure 3-3 | Self-Lubricating LSR: Outlook, Advantages, & Applications

Figure 3-4 | Non-Post-Cure LSR: Outlook, Advantages, & Applications

Figure 3-5 | Self-Adhesive LSR: Outlook, Advantages, & Applications

Figure 3-6 | High-Transparency LSR: Outlook, Advantages, & Applications

Figure 3-7 | LSR Coatings: Outlook, Advantages, & Applications

LSR MARKETS

Figure 4-1 | Outlook for Key LSR Materials Markets

Figure 4-2 | LSR Demand Growth by Market, 2008 - 2023 (% compound annual growth)

Figure 4-3 | Automotive Market for LSR, 2008 - 2023 (million dollars)

Figure 4-4 | Automotive Market for LSR: Key Applications

Figure 4-5 | Automotive Market for LSR: Key Opportunities & Growth by Application

Figure 4-6 | Medical Market for LSR, 2008 - 2023 (million dollars)

Figure 4-7 | Medical Market for LSR: Key Applications

Figure 4-8 | Medical Market for LSR: Key Opportunities & Growth by Application

Figure 4-9 | Consumer & Baby Care Market for LSR, 2008 - 2023 (million dollars)

Figure 4-10 | Consumer & Baby Care Market for LSR: Key Applications

Figure 4-11 | Electrical & Electronic Market for LSR, 2008 - 2023 (million dollars)

Figure 4-12 | Electrical & Electronic Market: Key Applications

Figure 4-13 | Industrial & Other Markets for LSR, 2008 - 2023 (million dollars)

Figure 4-14 | Industrial & Other Markets for LSR: Key Applications

GROWTH OPPORTUNITIES

Figure 5-1 | Growth Opportunities for LSR

Figure 5-2 | LSR Advantages for Overmolding

Figure 5-3 | LSR Advantages for 2K Molding

Figure 5-4 | LSR Advantages for Micromolding

Figure 5-5 | LSR Advantages for 3D Printing

Figure 5-6 | LSR Advantages for Optical/Lighting Applications

Figure 5-7 | LSR Advantages for Automotive Sensors

Figure 5-8 | LSR Advantages for Cleanroom Manufacturing

Figure 5-9 | LSR Advantages for Wearables

MACHINERY & EQUIPMENT

Figure 6-1 | Machinery & Equipment Overview

Figure 6-2 | Examples of Liquid Injection Molds & Tooling

Figure 6-3 | Examples of Automation Equipment for Liquid Injection Molding

INDUSTRY STRUCTURE

Figure 7-1 | US Liquid Silicone Rubber Materials Market Share by Company, 2018 (million dollars)

Figure 7-2 | US Liquid Silicone Rubber Materials Market: Leading Supplier, 2018

Figure 7-3 | US Liquid Silicone Rubber Materials Market: Second Leading Supplier, 2018

Figure 7-4 | US Liquid Silicone Rubber Materials Market: Third Leading Supplier, 2018

Figure 7-5 | US Liquid Silicone Rubber Materials Market: Fourth Leading Supplier, 2018

Figure 7-6 | US Liquid Silicone Rubber Materials Market: Fifth Leading Supplier, 2018

APPENDIX

Figure 8-1 | Annual Growth in Real GDP, 2000 - 2018, Compared to 1980 - 2005 Average (percent)

Figure 8-2 | Annual Population Growth, 2003 - 2018 (percent)


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