Asia-Pacific Liquid Silicone Rubber Market

Historic Data: 2020-2021   |   Base Year: 2022   |   Forecast Period: 2023-2028

Analysis By Grade (Food, Medical, and Industrial) and End Users (Healthcare, Automotive, Consumer Goods, Electricals and Electronics, and Others)


No. of Pages: 130    |    Report Code: BMIRE00027373    |    Category: Chemicals and Materials

Asia-Pacific Liquid Silicone Rubber Market
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The liquid silicone rubber market in APAC is expected to grow from US$ 497.18 million in 2022 to US$ 774.11 million by 2028. It is estimated to grow at a CAGR of 7.7% from 2022 to 2028. 

Increasing Investment in New Product launch from Market Players 

Growing development of cost-effective products is propelling focus of players to develop new products. Expansion of production capacity and both local levels is one of the key industry trends. Industry players are increasingly shifting their preference towards using liquid silicone rubber in their automotive components and electronic products. For instance, Jabil Green Point, a leading electronics injection molding company, announced using liquid silicone rubber to produce noise-cancelling headphones. A slew of such instances is expected to create lucrative growth in the market. Liquid Silicone Rubber has unique physical and chemical properties such as high electrical resistivity, chemical inertness, and resistance to temperature extremes, etc. These properties have enabled their wide acceptance in the medical, electrical, and electronic, automotive and many other sectors. Further, increasing geriatric population is driving the demand for implants and medical devices in the medical industry and increasing emphasis on new product development. 

Market Overview 

The Asia Pacific liquid silicone rubber market comprises various potential economies, such as Australia, China, India, Japan, South Korea, and the Rest of Asia Pacific. China, India, and other southeast Asian countries are the key markets in the region. Due to heavy investments from various manufacturers and the rise in government initiatives to support the production of different types of liquid silicone rubber, the production capacity of the region is expected to increase in the coming years. As the mobility industry has been increasingly inclining towards electrification and autonomy of vehicles in the region, the need for specialty components has been increasing. Hence, the global leaders are taking initiatives and focusing on expansion strategies. For instance, on 24th November 2021, Dätwyler Holding Inc.- a European leader in specialty elastomers has expanded their production of liquid silicone rubber components in Wuxi, China. Moreover, the growing product development and industrialization and wide application in end-use industries such as building & constriction, manufacturing, automotive, and healthcare especially in developing countries in the region are the major factors attributed to the growth of the liquid silicone rubber market. The growth and expansion of the automotive industry in developing countries focus on the high-quality efficiency of components used in the industry. The players are extensively providing product portfolios including sealants, coatings, one or two-component liquid rubbers, and adhesives. Hence, the wide array of applications and availability of various grades surging the demand for the liquid silicone rubber market. 

APAC Liquid Silicone Rubber Market Revenue and Forecast to 2028 (US$ Million) 

APAC Liquid Silicone Rubber Market Revenue and Forecast to 2028 (US$ Million) 
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Asia-Pacific Liquid Silicone Rubber Strategic Insights

Strategic insights for the Asia-Pacific Liquid Silicone Rubber provides data-driven analysis of the industry landscape, including current trends, key players, and regional nuances. These insights offer actionable recommendations, enabling readers to differentiate themselves from competitors by identifying untapped segments or developing unique value propositions. Leveraging data analytics, these insights help industry players anticipate the market shifts, whether investors, manufacturers, or other stakeholders. A future-oriented perspective is essential, helping stakeholders anticipate market shifts and position themselves for long-term success in this dynamic region. Ultimately, effective strategic insights empower readers to make informed decisions that drive profitability and achieve their business objectives within the market.

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Asia-Pacific Liquid Silicone Rubber Report Scope

Report Attribute Details
Market size in 2022 US$ 497.18 Million
Market Size by 2028 US$ 774.11 Million
Global CAGR (2022 - 2028) 7.7%
Historical Data 2020-2021
Forecast period 2023-2028
Segments Covered By Grade
  • Food
  • Medical
  • Industrial
By End Users
  • Healthcare
  • Automotive
  • Consumer Goods
  • Electricals and Electronics
Regions and Countries Covered Asia-Pacific
  • China
  • India
  • Japan
  • Australia
  • Rest of Asia-Pacific
Market leaders and key company profiles
  • Avantor, Inc.
  • CHT Germany GmbH
  • Dow Inc.
  • Elkem Asa
  • KCC Silicone Corporation
  • Momentive
  • Shin Etsu Chemical Co. Ltd.
  • Wacker Chemie AG
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    Asia-Pacific Liquid Silicone Rubber Regional Insights

    The geographic scope of the Asia-Pacific Liquid Silicone Rubber refers to the specific areas in which a business operates and competes. Understanding local distinctions, such as diverse consumer preferences (e.g., demand for specific plug types or battery backup durations), varying economic conditions, and regulatory environments, is crucial for tailoring strategies to specific markets. Businesses can expand their reach by identifying underserved areas or adapting their offerings to meet local demands. A clear market focus allows for more effective resource allocation, targeted marketing campaigns, and better positioning against local competitors, ultimately driving growth in those targeted areas.

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    APAC Liquid Silicone Rubber Market Segmentation 

    The APAC liquid silicone rubber market is segmented into grade, end users, and country. Based on grade, the market is segmented into food, medical, and industrial. The industrial segment registered the largest market share in 2022. 

    • Based on end users the APAC liquid silicone rubber market is segmented into healthcare, automotive, consumer goods, electricals and electronics, and others. The healthcare segment registered the largest market share in 2022.
    • Based on country, the market is segmented into Australia, China, India, Japan, South Korea, and Rest of APAC. China dominated the market share in 2022.

     Avantor, Inc., CHT Germany GmbH, Dow Inc., Elkem Asa, KCC Silicone Corporation, Momentive, Shin Etsu Chemical Co. Ltd., and Wacker Chemie AG are the leading companies operating in the liquid silicone rubber market in the region.

    The List of Companies - Asia-Pacific Liquid Silicone Rubber Market

    1. Avantor, Inc.
    2. CHT Germany GmbH
    3. Dow Inc.
    4. Elkem Asa
    5. KCC Silicone Corporation
    6. Momentive
    7. Shin Etsu Chemical Co. Ltd.
    8. Wacker Chemie AG
    Frequently Asked Questions
    How big is the Asia-Pacific Liquid Silicone Rubber Market?

    The Asia-Pacific Liquid Silicone Rubber Market is valued at US$ 497.18 Million in 2022, it is projected to reach US$ 774.11 Million by 2028.

    What is the CAGR for Asia-Pacific Liquid Silicone Rubber Market by (2022 - 2028)?

    As per our report Asia-Pacific Liquid Silicone Rubber Market, the market size is valued at US$ 497.18 Million in 2022, projecting it to reach US$ 774.11 Million by 2028. This translates to a CAGR of approximately 7.7% during the forecast period.

    What segments are covered in this report?

    The Asia-Pacific Liquid Silicone Rubber Market report typically cover these key segments-

    • Grade (Food, Medical, Industrial)
    • End Users (Healthcare, Automotive, Consumer Goods, Electricals and Electronics)

    What is the historic period, base year, and forecast period taken for Asia-Pacific Liquid Silicone Rubber Market?

    The historic period, base year, and forecast period can vary slightly depending on the specific market research report. However, for the Asia-Pacific Liquid Silicone Rubber Market report:

  • Historic Period : 2020-2021
  • Base Year : 2022
  • Forecast Period : 2023-2028
  • Who are the major players in Asia-Pacific Liquid Silicone Rubber Market?

    The Asia-Pacific Liquid Silicone Rubber Market is populated by several key players, each contributing to its growth and innovation. Some of the major players include:

  • Avantor, Inc.
  • CHT Germany GmbH
  • Dow Inc.
  • Elkem Asa
  • KCC Silicone Corporation
  • Momentive
  • Shin Etsu Chemical Co. Ltd.
  • Wacker Chemie AG
  • Who should buy this report?

    The Asia-Pacific Liquid Silicone Rubber Market report is valuable for diverse stakeholders, including:

    • Investors: Provides insights for investment decisions pertaining to market growth, companies, or industry insights. Helps assess market attractiveness and potential returns.
    • Industry Players: Offers competitive intelligence, market sizing, and trend analysis to inform strategic planning, product development, and sales strategies.
    • Suppliers and Manufacturers: Helps understand market demand for components, materials, and services related to concerned industry.
    • Researchers and Consultants: Provides data and analysis for academic research, consulting projects, and market studies.
    • Financial Institutions: Helps assess risks and opportunities associated with financing or investing in the concerned market.

    Essentially, anyone involved in or considering involvement in the Asia-Pacific Liquid Silicone Rubber Market value chain can benefit from the information contained in a comprehensive market report.

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