Liquid Silicone Rubber Market Size

Liquid Silicone Rubber Market size is projected to reach USD 9 billion by the end of 2035, expanding around 9% CAGR during the forecast period, i.e., 2023 – 2035. In the year 2022, the industry size of liquid silicone rubber was about USD 3 billion. This growth of the sector is estimated to rise on account of the growing demand for wearable technology such as smartwatches. For instance, by the end of 2023, there are estimated to be approximately 223 million people using smartwatches all around the world. Hence, the demand for liquid silicone rubber is growing. For such devices, liquid silicone rubber (LSR) is a crucial component.

LSR exhibits many benefits, including a smooth tactile texture that prevents irritation to the skin in long-term skin contact operations and consistent sealing performance for fluid route applications that inhibits the permeability of leachable and extractable. Additionally, growing obesity among people is also estimated to drive the demand for smart wearable device further boosting the liquid silicone rubber market growth. According to the World Health Organization, over 1 billion individuals, including 650 million adults, 340 million teenagers, and 39 million toddlers, were obese in 2022.