Lucintel's latest market report analyzed that liquid silicone rubber in the global specialty polymer provides attractive opportunities in the healthcare and medical device, automotive, electrical and electronics, consumer goods, and personal care end use industries. The liquid silicone rubber in the global specialty polymer market is expected to reach $2.77 billion by 2028 with a CAGR of 8.5%. In this market, healthcare and medical devices is the largest segment.
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Based on end user industry, the liquid silicone rubber in the global specialty polymer market is segmented into healthcare and medical devices, automotive, electrical and electronics, consumer goods, and beauty and personal care. The healthcare and medical devices segment accounted for the largest share of the market in 2023 and is expected to register the highest CAGR during the forecast period, due to as liquid silicone rubber are widely adopted in manufacturing of devices and equipment for the healthcare industry because of its flexibility and biocompatibility properties.
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The Liquid Silicone Rubber in the Global Specialty Polymer Market is marked by the presence of several big and small players. Some of the prominent players offering liquid silicone rubber in the global specialty polymer include Wacker Chemie, Shin-Etsu, KCC Corp, Jiangsu Tianchen.
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