Get the latest insights on price movement and trend analysis of Silicone Rubber in different regions across the world (Asia, Europe, North America, Latin America, and the Middle East Africa).

During the second quarter of 2024, the silicone rubber prices in the United States reached 9463 USD/MT in June. The market for USA saw a noticeable price increase due to growing energy and output costs, alongside strong the need from the vehicle and building sectors. Despite Boeing’s distribution issues, stable inventory and robust sector performance supported the overall favorable pricing trend.

Why did the Silicone Rubber Price Change in July 2025? The Spot Price for silicone rubber in North America fell by approximately 2.0% Q-o-Q in Q2 2025, as reflected in a softer Price Index.

Get the latest insights on price movement and trend analysis of Silicone in different regions across the world (Asia, Europe, North America, Latin America, and the Middle East Africa).

Rubber rose to 167.70 USD Cents / Kg on August 8, 2025, up 0.30% from the previous day. Over the past month, Rubber's price has risen 3.14%, but it is still 2.39% lower than a year ago, according to trading on a contract for difference (CFD) that tracks the benchmark market for this commodity. Rubber - values, historical data, forecasts and news - updated on August of 2025.

The global liquid silicone rubber (LSR) market is expected to reach USD 7,180.1 million in 2025 and develop to USD 10,410.3 million by 2035, registering a CAGR of 3.8% during the forecast period.

Country - Wise Analysis

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Liquid Silicone Rubber Market Size 2024-2028

The liquid silicone rubber market size is forecast to increase by USD 1.65 billion, at a CAGR of 9.63% between 2023 and 2028.

The market is experiencing significant growth due to the increasing investment in infrastructure in emerging countries and the high demand for transparent LSR elastomers in optical applications. In the construction sector, LSR's excellent durability and resistance to contamination make it an attractive alternative to conventional materials for producing elastomeric parts. In the consumer goods industry, the elderly population's increasing demand for medical devices and electrical components with improved durability is driving the adoption of LSR in electrical connectors and other electrical components. Advanced manufacturing techniques, such as e-beam crosslinking, are also gaining popularity for their ability to produce high-quality LSR parts with improved properties. However, the competition from alternatives, such as thermoplastics and other elastomers, remains a challenge for market growth. Adherence to stringent clinical and regulatory policies is crucial to ensure the safety and efficacy of LSR parts in various applications.

What will be the Size of the Liquid Silicone Rubber Market During the Forecast Period?

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The market is witnessing significant growth due to the unique properties of this material. LSR is a type of silicone material that is liquid at room temperature but solidifies upon heating. This property makes it an ideal choice for various industries, including automotive components manufacturing and medical devices. LSR's purity is a critical factor driving its demand. The material's ability to be formulated with high levels of purity makes it suitable for applications where contamination is a concern. In medical devices, for instance, LSR's biocompatibility and bacterial resistance make it an excellent choice for producing implants, prostheses, and other medical components.
Another essential property of LSR is its flexibility. The material's flexibility allows it to be molded into complex shapes, making it ideal for manufacturing gaskets, seals, and other automotive components. LSR's durability is also a significant advantage, as it can withstand extreme temperatures and harsh environments. The sterilization properties of LSR are another critical factor fueling its demand. LSR can be sterilized using various techniques, such as steam autoclaving, ethylene oxide (ETO), gamma, and e-beam techniques. This property is particularly important In the medical industry, where sterilization is a crucial requirement for medical devices and organ parts. The increasing prevalence of chronic diseases and an aging population are also contributing to the growth of the LSR market.

How is this Liquid Silicone Rubber Industry segmented and which is the largest segment?

The liquid silicone rubber industry research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in 'USD billion' for the period 2024-2028, as well as historical data from 2018-2022 for the following segments.

Grade Type

  Industrial
  Medical
  Food


Application

  Automotive
  Medical
  Electricals and electronics
  Consumer goods
  Others


Geography

  North America

    Canada
    US


  Europe

    Germany
    UK


  APAC

    China


  Middle East and Africa



  South America

By Grade Type Insights

The industrial segment is estimated to witness significant growth during the forecast period.

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The industrial segment was valued at USD 1.05 billion in 2018 and showed a gradual increase during the forecast period.

Regional Analysis

North America is estimated to contribute 38% to the growth of the global market during the forecast period.

Technavio's analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period.

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In North America, the liquid silicone rubber (LSR) market is poised for substantial expansion over the coming years. The United States is a significant player In the industrial sector, particularly in automation, which is a primary application area for LSR. This advanced material's increased heat resistance makes it an ideal choice for various industries, including automotive, medical, and electronics. The US and Mexico are the leading manufacturing hubs in North America, with the US being the largest market for automotive manufacturers. The presence of a substantial consumer base with considerable disposable income In the US fuels the demand for automobiles, compelling Original Equipment Manufacturers (OEMs) to enhance their manufacturi

Liquid Silicone Rubber (LSR) Market is projected to grow from $ 1.73 billion in 2018 to $ 2.26 billion by 2024, exhibiting a CAGR of 4.62% during the forecast period.

Global Methyl Vinyl Silicone Rubber market size 2021 was recorded $1361.4 Million whereas by the end of 2025 it will reach $1650.6 Million. According to the author, by 2033 Methyl Vinyl Silicone Rubber market size will become $2426.5. Methyl Vinyl Silicone Rubber market will be growing at a CAGR of 4.934% during 2025 to 2033.

The size of the Liquid Silicone Rubber Market was valued at USD XX Million in 2023 and is projected to reach USD XXX Million by 2032, with an expected CAGR of 6.92% during the forecast period. Liquid silicon rubber is biocompatible silicon that is pumped into mold to form into a solid product. Liquid silicon is widely used in consumer electronics products such as appliances, shower & faucets, electronics, baby products, food & beverage products, etc. Liquid silicon has low viscosity, high purity, and excellent temperature resistance properties. Increasing demand of consumer electronics and growing popularity of liquid silicon rubber for keypads, touchpads, seals, etc. is expected to drive the market during the forecasted period. Liquid silicon rubber is highly compatible with sterilization, which makes it suitable for manufacturing of surgical instruments, medical devices, and wearable medical products. Recent developments include: Dec 2022: Dow announced the launch of its SILASTIC SA 994X Liquid Silicone Rubber (LSR) series for the mobility and transportation industry. This product launch strengthened the company's business and enhanced its product portfolio., Nov 2022: Elkem ASA announced the opening of its brand-new state-of-the-art production site located in York, South Carolina, United States. Through this new facility, the company will increase the production capacity of its medical-grade liquid silicone rubber, which is marketed under the Silbione Biomedical brand. This expansion helped the company strengthen its position in the market studied.. Key drivers for this market are: Increasing Demand from the Healthcare Industry, Rising Demand from the Baby Care Industry. Potential restraints include: High Cost of Liquid Silicone Rubber Products, Other Restraints. Notable trends are: Healthcare and Medical Devices is Expected to be the Fastest Growing Market.

Liquid Silicone Rubber market size reached $2 billion by 2025, growing at a CAGR of 8% during the forecast period. The LSR market research report includes in-depth coverage of the industry analysis with revenue and forecast insights.

The conductive silicone rubber market size was valued at USD 7.62 billion in 2024 and is set to exceed USD 16.66 billion by 2037, expanding at over 6.2% CAGR during the forecast period i.e., between 2025-2037. Asia Pacific industry is expected to hold largest revenue share of 35% by 2037, owing to increasing electronic manufacturing in the region.

The global Silicone Rubber market stood at nearly 1055 thousand tonnes in 2024 and is expected to grow at a healthy CAGR of 5.34% during the forecast period until 2035.

Graph and download economic data for Producer Price Index by Commodity: Rubber and Plastic Products: All Other Consumer, Institutional, and Commercial Products (WPU072B01) from Dec 2006 to Jun 2025 about rubber, plastics, commercial, consumer, commodities, PPI, inflation, price index, indexes, price, and USA.

According to Cognitive Market Research, the global Silicone Rubber market size will be USD 2851.5 million in 2025. It will expand at a compound annual growth rate (CAGR) of 6.20% from 2025 to 2033.

North America held the major market share for more than 29% of the global revenue with a market size of USD 826.94 million in 2025 and will grow at a compound annual growth rate (CAGR) of 4.2% from 2025 to 2033.
Europe accounted for a market share of over 24% of the global revenue with a market size of USD 85.46 million.
APAC held a market share of around 37% of the global revenue with a market size of USD 1055.06 million in 2025 and will grow at a compound annual growth rate (CAGR) of 8.0% from 2025 to 2033.
South America has a market share of more than 4% of the global revenue with a market size of USD 108.36 million in 2025 and will grow at a compound annual growth rate (CAGR) of 6.9% from 2025 to 2033.
Middle East had a market share of around 4% of the global revenue and was estimated at a market size of USD 114.06 million in 2025 and will grow at a compound annual growth rate (CAGR) of 7.5% from 2025 to 2033.
Africa had a market share of around 2.20% of the global revenue and was estimated at a market size of USD 62.73 million in 2025 and will grow at a compound annual growth rate (CAGR) of 6.2% from 2025 to 2033.
Fluorosilicone Rubber Type is the fastest growing segment of the Silicone Rubber industry

Market Dynamics of Silicone Rubber Market

Key Drivers for Silicone Rubber Market

Growing Demand in the Automotive & Transportation Industry to Boost Market Growth

The growing demand in the automotive and transportation industry is a key driver of the silicone rubber market due to its superior properties like heat resistance, durability, flexibility, and electrical insulation. With the rise of electric vehicles (EVs), silicone rubber is essential for battery insulation, gaskets, seals, and thermal management to enhance performance and safety. Additionally, the push for lightweight materials in vehicles to improve fuel efficiency is increasing the adoption of silicone rubber in hoses, connectors, and coatings. Furthermore, advancements in autonomous and connected vehicles require high-performance silicone-based sensors and electronic components. These factors, along with stringent emission regulations and demand for long-lasting materials, are fueling the growth of silicone rubber in the automotive sector. For instance, In December 2022, Dow introduced the SILASTIC™ SA 994X Liquid Silicone Rubber (LSR) series, designed for two-component injection molding with various thermoplastic substrates. This series is tailored for automotive Applications such as connector seals, battery vent gaskets, and radiator gasket seals in electric and hybrid vehicles.. For instance, Shin-Etsu Chemical has developed a new silicone rubber for molding that is optimal as an insulation covering material for high-voltage cable used in automobiles. Additionally, it’s used in vibration damping and noise reduction, which enhances vehicle performance and passenger comfort. It’s also found in dashboard coatings, keypads, airbags, and protective covers.

Expanding Medical & Healthcare Applications To Boost Market Growth

The expanding medical and healthcare industry is a major driver of the silicone rubber market due to its biocompatibility, flexibility, durability, and resistance to extreme temperatures and chemicals. Medical-grade silicone rubber is widely used in implants, prosthetics, catheters, tubing, surgical instruments, and drug delivery systems. The rise in minimally invasive surgeries and wearable medical devices has further increased demand for liquid silicone rubber (LSR), which offers precision molding and hypoallergenic properties. Additionally, the aging population and growing healthcare investments worldwide are fueling demand for high-performance medical materials. As regulatory standards tighten for safe and long-lasting medical components, silicone rubber remains a preferred choice, driving its continuous growth in the healthcare sector.

Increasing demand from the Electronics industry is driving the growth of the silicon rubber market. 

The Electronics industry is constantly evolving, which makes it an incredibly complex industry. Products are improving in functionality, and they continue to be compact, light, and mor...

Methyl Vinyl Silicone Rubber Market Outlook

The global methyl vinyl silicone rubber market size was valued at approximately USD 1.5 billion in 2023 and is projected to reach around USD 2.3 billion by 2032, growing at a compound annual growth rate (CAGR) of 4.9% during the forecast period. The expansion of this market is driven by the increasing demand across various industries, including automotive and electronics, due to its exceptional properties such as high thermal stability, flexibility, and electrical insulation. These characteristics make methyl vinyl silicone rubber an ideal choice for applications requiring durability and performance under extreme conditions.

One of the primary growth factors of the methyl vinyl silicone rubber market is the burgeoning automotive industry, which demands materials that can withstand high temperatures and harsh environmental conditions. As vehicles integrate more electronic components and as electric vehicles become more prevalent, the demand for high-quality insulating materials has surged. Methyl vinyl silicone rubber, with its superior thermal stability and electrical insulation properties, meets these needs effectively. Furthermore, the rise in consumer expectations for vehicle reliability and performance has propelled the research and development of advanced materials, thereby enhancing the growth prospects of this market.

The electronics industry also significantly contributes to the market growth of methyl vinyl silicone rubber. With the rapid pace of technological advancements and the proliferation of electronic devices, there is an increasing need for materials that can offer protection against thermal and mechanical stress. This type of silicone rubber is frequently used in electronic encapsulation and insulation, ensuring device reliability and longevity. Additionally, the trend towards miniaturization in electronics demands materials that can maintain performance in smaller, more intricate designs, further driving the market for methyl vinyl silicone rubber.

Another catalyst for market expansion is the construction industry, where methyl vinyl silicone rubber is used for sealants and coatings due to its excellent weather resistance and durability. The growth of urbanization and infrastructure development projects worldwide has intensified the demand for robust construction materials. This rubber's ability to withstand extreme environmental conditions makes it a preferred choice for construction applications, from sealing joints in high-rise buildings to protecting structures from weather-induced wear and tear.

In the realm of advanced materials, Methyl Mq Silione Resin has emerged as a pivotal component in enhancing the performance of silicone-based products. This resin is renowned for its ability to improve the mechanical properties and thermal stability of silicone rubbers, making it an indispensable additive in various industrial applications. Its unique structure allows for the creation of materials that are not only durable but also resistant to environmental degradation, thus extending the lifespan of products. The incorporation of Methyl Mq Silione Resin in silicone formulations is particularly beneficial in industries where high-performance materials are crucial, such as automotive and electronics, where it contributes to the development of components that can endure extreme conditions.

Regionally, Asia Pacific dominates the methyl vinyl silicone rubber market as of 2023, accounting for a significant share due to the region's robust automotive and electronics manufacturing sectors. Countries like China, Japan, and South Korea are leading contributors, driven by their massive industrial bases and technological advancements. Additionally, the availability of raw materials and low production costs enhance the market's growth in this region. North America and Europe also exhibit substantial market potential, driven by their demand for high-performance materials in automotive and construction industries. Meanwhile, emerging economies in Latin America and the Middle East & Africa are expected to witness moderate growth due to infrastructure development and industrialization.

Product Type Analysis

The methyl vinyl silicone rubber market is segmented by product type into high temperature vulcanized (HTV) and room temperature vulcanized (RTV) silicone rubber, each serving distinct applications and industries. High temperature vulcanized silicone rubber is predominantly used

Silicone Rubber Market size is expected to be worth around USD 22.2 billion by 2033, from USD 12.4 billion in 2023, at a CAGR of 6.0%

The global methyl vinyl silicone rubber (MVQ) market is experiencing robust growth, driven by increasing demand across diverse sectors. While precise market size figures for 2025 are unavailable, considering a typical CAGR of 5-7% (a reasonable estimate for specialized chemical markets) and assuming a 2019 market size of approximately $1 billion (a conservative estimation based on the involvement of major chemical players), we can project the 2025 market size to be in the range of $1.3 - $1.5 billion. This growth is fueled primarily by the expanding automotive, aviation, and medical therapy industries. The automotive sector benefits from MVQ's exceptional heat resistance and electrical insulation properties in high-temperature applications. Similarly, in aviation, MVQ's resilience and reliability are crucial for ensuring safe and efficient operations. The medical field leverages MVQ's biocompatibility and flexibility for various medical devices and implants. Further expansion is anticipated within machinery and electrical facilities due to its superior dielectric properties and ability to withstand harsh operating conditions. However, market growth could face some headwinds from fluctuating raw material prices and the potential for substitution by alternative materials in certain applications. The segments showing the strongest growth trajectory are likely to be those associated with high-performance applications such as advanced electric vehicles and aerospace components. The competitive landscape includes established chemical giants like DowDuPont, BASF, and Wacker Chemie alongside significant regional players. These companies are strategically investing in research and development to improve product performance and expand their application range. The market is segmented by type (HTV, VMQ, and others) and application, offering opportunities for specialization and niche market penetration. Regional market distribution shows a balanced spread across North America, Europe, and Asia-Pacific, with China and other developing economies offering significant potential for future expansion. Continuous innovation and the development of high-performance MVQ grades will remain key drivers for market growth during the forecast period (2025-2033). The projected CAGR for the forecast period (2025-2033), based on the assumed 2025 market size and growth trends, is estimated to range from 6% to 8%.

Methyl Phenyl Silicone Rubber Market Outlook

The global methyl phenyl silicone rubber market size was valued at approximately USD 1.1 billion in 2023 and is projected to reach around USD 1.8 billion by 2032, reflecting a compound annual growth rate (CAGR) of 5.6% during the forecast period. This robust growth is driven by the increasing demand for high-performance materials in various industrial applications, coupled with the expanding usage in emerging markets. The unique properties of methyl phenyl silicone rubber, such as excellent thermal stability, resistance to radiation, and electrical insulation, are key growth factors propelling its adoption across multiple sectors.

The automotive industry is a significant growth driver for the methyl phenyl silicone rubber market. The increasing production of vehicles, coupled with stringent regulations for fuel efficiency and emissions, has necessitated the use of advanced materials that can withstand high temperatures and harsh environments. Methyl phenyl silicone rubber, with its superior thermal stability and durability, is increasingly being utilized in under-the-hood applications, gaskets, seals, and other components. Additionally, the growing trend towards electric vehicles (EVs) further boosts the demand for this material due to its excellent electrical insulation properties.

Another key growth factor is the booming electronics industry. With the rapid advancement in technology and the miniaturization of electronic components, there is a rising need for materials that can offer high thermal conductivity and electrical insulation. Methyl phenyl silicone rubber fits this requirement perfectly, making it an ideal choice for applications such as insulation of wires and cables, sealing of electronic devices, and protection of components from heat and environmental factors. The increasing penetration of consumer electronics and smart devices globally further accelerates the market growth.

The construction industry also plays a pivotal role in the growth of the methyl phenyl silicone rubber market. With increasing urbanization and infrastructure development, there is a high demand for durable materials that can withstand extreme weather conditions and provide long-term reliability. Methyl phenyl silicone rubber, with its excellent resistance to UV radiation, ozone, and aging, is extensively used in construction applications such as sealing, glazing, and waterproofing. The drive towards sustainable construction practices and green buildings further augments its demand, as it contributes to energy efficiency and longevity of structures.

Regionally, the Asia Pacific region is anticipated to exhibit significant growth during the forecast period. The region's burgeoning industrial base, coupled with rapid urbanization and infrastructure development, creates a fertile ground for the adoption of advanced materials like methyl phenyl silicone rubber. Nations such as China, India, and Japan are at the forefront, driven by their expansive automotive, electronics, and construction industries. Moreover, favorable governmental policies and investments in technology advancements bolster the market growth in this region.

Product Type Analysis

The methyl phenyl silicone rubber market can be segmented based on product type into high temperature vulcanized (HTV), room temperature vulcanized (RTV), and liquid silicone rubber (LSR). Each type has distinct properties and applications, contributing uniquely to the overall market growth. High Temperature Vulcanized (HTV) silicone rubber is predominantly used in applications requiring superior thermal stability and mechanical strength. It is extensively utilized in the automotive and aerospace industries for manufacturing components like gaskets, seals, and insulators that must perform reliably under extreme conditions. The growing demand for advanced automotive materials and components is expected to significantly drive the growth of HTV silicone rubber.

Room Temperature Vulcanized (RTV) silicone rubber holds a substantial share in the market due to its ease of use and versatility. RTV silicone rubber can cure at room temperature without the need for additional heat, making it suitable for a wide range of applications, from mold making and sealing to coating and potting in the electronics industry. The rise in electronic device manufacturing and the need for efficient sealing solutions in construction and industrial applications are

Solid and Liquid Silicone Rubber Market Outlook

The global solid and liquid silicone rubber market size was valued at approximately USD 5.3 billion in 2023 and is projected to reach USD 9.8 billion by 2032, registering a compound annual growth rate (CAGR) of 6.8% during the forecast period. This growth is significantly driven by the increasing demand across diverse industries such as healthcare, automotive, and electronics, where the superior properties of silicone rubber, including thermal stability, flexibility, and biocompatibility, find considerable utility. The rising trend towards miniaturization in electronics and the burgeoning automotive sector, focusing on lightweight and high-performance materials, are pivotal in propelling the market growth.

One of the primary growth factors for the solid and liquid silicone rubber market is the rapid advancement in the healthcare sector. Silicone rubber is extensively used in medical devices and equipment due to its biocompatibility and hypoallergenic properties. The surge in global healthcare spending, coupled with the increasing aging population and the corresponding rise in demand for medical devices, is significantly propelling the market. Additionally, the ongoing innovations in medical technologies and the expansion of healthcare infrastructure across emerging economies further enhance the market's growth prospects. Moreover, the increasing use of silicone rubber in wearable health-monitoring devices underscores its growing significance in the healthcare domain.

The automotive industry's evolution towards electric vehicles (EVs) is another vital factor driving market growth. As the automotive industry experiences a paradigm shift towards EVs, there is a substantial demand for silicone rubber due to its excellent dielectric properties, thermal stability, and resistance to environmental factors. Silicone rubber is increasingly used in various automotive components, including gaskets, seals, and cables, which are integral to the performance and safety of EVs. The push towards lightweight yet durable materials in automotive manufacturing is likely to bolster the demand for silicone rubber, especially as stringent regulations on vehicular emissions become more pervasive globally.

The consumer electronics segment is also playing a critical role in augmenting the market. With the continuous development and release of electronic gadgets and devices, silicone rubber's application in insulating materials, keypads, and connectors is expanding. The trend of smart devices and the integration of Internet of Things (IoT) technologies require materials that can withstand diverse environmental conditions while providing reliability and longevity, further enhancing the market demand. Silicone rubberÂ’s ability to maintain performance under varying temperatures and its resistance to chemicals and UV light make it an ideal choice for electronic applications.

Specialty Silicone Rubber is emerging as a pivotal material in the silicone rubber market due to its unique properties that cater to specialized applications. This type of silicone rubber is engineered to offer enhanced performance characteristics, such as superior heat resistance, flexibility, and durability, making it ideal for high-demand industries like aerospace and automotive. The growing emphasis on developing materials that can withstand extreme conditions and provide long-term reliability is driving the demand for Specialty Silicone Rubber. Its ability to maintain structural integrity under stress and its compatibility with various substrates make it a preferred choice for manufacturers seeking advanced solutions. As industries continue to innovate and push the boundaries of material science, Specialty Silicone Rubber is poised to play a crucial role in meeting these evolving demands.

From a regional perspective, the Asia Pacific region dominates the silicone rubber market, accounting for a significant share of the global market. This region's growth is attributed to the rapid industrialization and urbanization in countries such as China and India. The burgeoning automotive and electronics industries in the Asia Pacific are significant contributors to the silicone rubber market's expansion. North America and Europe also represent substantial markets due to the well-established automotive and healthcare sectors. The growing technological advancements and increased focus on sustainability in these regions are expected to further drive market growth.

Product Type