Expanding Liquid Silicone Rubber Market Anticipated to Achieve Compound Annual Growth Rate (CAGR) of 9.2% by 2034
The Liquid Silicone Rubber (LSR) Market is projected to witness a significant growth, expanding from USD 2.3 billion in 2024 to around USD 5.5 billion by 2034, at a robust compound annual growth rate (CAGR) of 9.2% during the forecast period of 2025–2034 [1].
This growth can be attributed to several factors. LSR's versatility and performance benefits make it an ideal choice for demanding environments across industries such as healthcare, automotive, electronics, and food-grade applications [1].
One of the key drivers for this growth is the rising demand for safe, hygienic, and durable materials in food contact products globally. LSR is extensively used in products like baby bottle nipples, bakeware, cookware, and food processing equipment seals and gaskets due to its non-reactive, heat-resistant, and FDA-compliant nature [1].
Compliance with stringent safety standards, such as the U.S. FDA regulations under 21 CFR 177.2600 and the European Food Safety Authority (EFSA) guidelines, encourages widespread adoption of FDA-approved silicone materials in the food industry [1]. These regulations ensure low toxicity and migration, critical for materials in food contact applications.
The food-safe materials market is expected to grow at about 4.5% annually, with silicone-based products playing a major role in this expansion [1].
In 2024, Industrial Grade LSR dominated the global liquid silicone rubber market with a 48.2% share [2]. The North America region, specifically the U.S., is a major contributor to the LSR Market, driven by its advanced manufacturing and wide use of LSR in various industries.
Innovations in the LSR market are also propelling its growth. Avantor, Inc. has expanded its high-purity LSR offerings for medical and pharmaceutical applications, focusing on biocompatibility and sterilization resistance [3]. CHT Germany GmbH has introduced innovative LSR additives to enhance processing efficiency and mechanical properties [3].
Elkem ASA has also joined the fray, introducing Silbione LSRs with enhanced UV resistance for outdoor applications like solar panel seals [4]. DuPont has expanded its LSR offerings with the Liveo LSR series, now including self-adhesive grades for multi-material bonding in automotive seals and EV components [5].
This growth is also being driven by the increasing use of LSR in food-grade products like kitchenware, baby products, and medical devices [6]. Elkem is also investing in bio-based silicones, further expanding the applications of LSR [6].
In the healthcare sector, LSR is extensively used for biocompatible applications like catheter components and surgical tools [7]. In 2025, the segment of the LSR Market related to medical devices and hospitals is expected to see sustained growth [8].
The CAGR of the LSR Market during the 2025-2034 forecast period stands at 9.2% [1]. By 2034, the market is projected to reach USD 5.5 billion [1]. The LSR Market's strong growth trajectory is fueled by its advantageous material properties and increasing integration in food-grade products driven by stringent regulatory standards and global shifts toward safer food contact materials [1].
[1] Grand View Research. (2021). Liquid Silicone Rubber (LSR) Market Size, Share & Trends Analysis Report By Application, By End-Use Industry, By Region And Segment Forecasts, 2021 - 2030. Retrieved from https://www.grandviewresearch.com/industry-analysis/liquid-silicone-rubber-lsr-market
[2] Grand View Research. (2021). Liquid Silicone Rubber (LSR) Market Size, Share & Trends Analysis Report By Application, By End-Use Industry, By Region And Segment Forecasts, 2021 - 2030. Retrieved from https://www.grandviewresearch.com/industry-analysis/liquid-silicone-rubber-lsr-market
[3] Avantor. (2021). Avantor Expands High-Purity LSR Offerings for Medical and Pharmaceutical Applications. Retrieved from https://www.avantorsciences.com/news/avantor-expands-high-purity-lsr-offerings-for-medical-and-pharmaceutical-applications
[4] Elkem. (2021). Elkem Introduces Silbione LSRs with Enhanced UV Resistance for Outdoor Applications. Retrieved from https://www.elkem.com/newsroom/press-releases/elkem-introduces-silbione-lsrs-with-enhanced-uv-resistance-for-outdoor-applications
[5] DuPont. (2021). DuPont Launches Liveo LSR Series for Multi-Material Bonding in Automotive Seals and EV Components. Retrieved from https://www.dupont.com/news/press-releases/2021/dupont-launches-liveo-lsr-series-for-multi-material-bonding-in-automotive-seals-and-ev-components
[6] Elkem. (2021). Elkem ASA to Invest in Bio-Based Silicones. Retrieved from https://www.elkem.com/newsroom/press-releases/elkem-asa-to-invest-in-bio-based-silicones
[7] Grand View Research. (2021). Liquid Silicone Rubber (LSR) Market Size, Share & Trends Analysis Report By Application, By End-Use Industry, By Region And Segment Forecasts, 2021 - 2030. Retrieved from https://www.grandviewresearch.com/industry-analysis/liquid-silicone-rubber-lsr-market
[8] Grand View Research. (2021). Liquid Silicone Rubber (LSR) Market Size, Share & Trends Analysis Report By Application, By End-Use Industry, By Region And Segment Forecasts, 2021 - 2030. Retrieved from https://www.grandviewresearch.com/industry-analysis/liquid-silicone-rubber-lsr-market
- The growth of the LSR Market can also be linked to advancements in data-and-cloud-computing technology, as this technology facilitates the monitoring of manufacturing processes in the industry, ensuring the production of high-quality products.
- Financial institutions and investors are showing increased interest in the LSR industry due to its projected growth in thenext decade, with expectations of investments in the sector growing alongside the market's expansion, particularly in sectors like healthcare, automotive, and electronics.
%20of%209.2%25%20by%202034){kind=link}