North America Liquid Silicone Rubber Market Forecast to 2028

Report Code : BMIRE00027411 | Region : North America | Industry : Chemicals and Materials | Published Date : 10/Nov/2022
North America Liquid Silicone Rubber Market Forecast to 2028 – COVID-19 Impact and Regional Analysis – by Grade (Food, Medical, and Industrial) and End Users (Healthcare, Automotive, Consumer Goods, Electricals and Electronics, and Others)

The liquid silicone rubber market in North America is expected to grow from US$ 370.00 million in 2022 to US$ 542.75 million by 2028. It is estimated to grow at a CAGR of 6.6% from 2022 to 2028.

Fueling Application of Liquid Silicone Rubber in Medical Implants and Devices

Increase in rise in chronic illnesses and improvements in active implanted medical devices, is anticipating the demand of liquid silicone rubber. Furthermore, rise in aesthetic surgeries is also drive the demand of medical implants. Medical devices and implants are inserted into the body through surgical procedures and can then be removed depending on the needs of the patient. Medical devices and implants are usually made of body tissues, ceramics, metals, and plastics and help to improve the patient's quality of life. Currently, increasing incidence of chronic diseases and increasing awareness of health products are positively affecting the demand for implantable medical devices across the globe. Liquid silicone rubber improves quality of medical devices, and their lifetime performance. Medical grade silicone molding is used to manufacture dental and surgical implants. The materials vary in terms of characteristics such as elasticity, strength, hardness and compatibility, and other properties. All these properties are increasing demand. One of the major factors driving the demand for implantable medical devices in India is inflation in disposable incomes along with improved healthcare infrastructure. Apart from this, the growing geriatric population which is more prone to health disorders is contributing to the growth of the market. Moreover, the growing awareness of cosmetic surgery is positively affecting the demand for these devices in the country. Additionally, the Indian government has approved several new implantable medical devices, which in turn are expected to propel the market forward in the coming years.

Market Overview

North America is one of the prominent markets for liquid silicone rubber due to its increasing application in various end-use industries across the region. Amid the focus on environmental, social, and governance (ESG) concerns, every industry is looking for sustainable products. As the liquid silicone rubber is safe and more environmentally friendly many industries replace natural rubber with silicone rubber. In sectors that rely on global manufacturing and supply chain networks such as medical, food, automotive, and electronics, the manufacturing processes result in various emissions of harmful gases. Hence, on 21st March 2022, The Security and Exchange Commission (SEC), proposed new regulations for climate change information for public and private industries in the US. Due to favorable regulatory compliance and ongoing product advancements, notably in the healthcare sector, the region will experience significant growth for adoption of eco-friendly liquid silicone rubber. Additionally, the region's rising sealants and adhesive usage will open up lucrative opportunities for the liquid silicone rubber market in the forecast period.

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

North America Liquid Silicone Rubber Market Segmentation

The North America 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 North America 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 US, Canada, and Mexico. US dominated the market share in 2022. Avantor, Inc., Beacon Medtech Solutions, CHT Germany GmbH, Dow Inc., Elkem Asa, KCC Silicone Corporation, Momentive, Shin Etsu Chemical Co. Ltd., Stockwell Elastometrics Inc., and Wacker Chemie AG are the leading companies operating in the liquid silicone rubber market in the region.

The List of Companies - North America Liquid Silicone Rubber Market

● Avantor, Inc.

● Beacon Medtech Solutions

● CHT Germany GmbH

● Dow Inc.

● Elkem Asa

● KCC Silicone Corporation

● Momentive

● Shin Etsu Chemical Co. Ltd.

● Stockwell Elastometrics Inc.

● Wacker Chemie AG

TABLE OF CONTENTS

1. Introduction

1.1 Study Scope

1.2 The Insight Partners Research Report Guidance

1.3 Market Segmentation

1.3.1 North America Liquid Silicone Rubber Market, by Grade

1.3.2 North America Liquid Silicone Rubber Market, by End Users

1.3.3 North America Liquid Silicone Rubber Market, by Country

2. Key Takeaways

3. Research Methodology

3.1 Scope of the Study

3.2 Research Methodology

3.2.1 Data Collection:

3.2.2 Primary Interviews:

3.2.3 Hypothesis formulation:

3.2.4 Macro-economic factor analysis:

3.2.5 Developing base number:

3.2.6 Data Triangulation:

4. North America Liquid Silicone Rubber Market Landscape

4.1 Market Overview

4.2 Porter's Five Forces Analysis

4.2.1 Bargaining Power of Suppliers

4.2.2 Bargaining Power of Buyers

4.2.3 Threat of New Entrants

4.2.4 Competitive Rivalry

4.2.5 Threat of Substitutes

4.3 Ecosystem Analysis

4.3.1 Raw Material Suppliers

4.3.2 Manufacturers

4.3.3 Distributors/Suppliers

4.3.4 End Users

4.4 Expert Opinion

5. North America Liquid Silicone Rubber Market – Key Market Dynamics

5.1 Market Drivers

5.1.1 Rising Demand for Silicone Rubber in Automotive Industry

5.1.2 Fueling Application of Liquid Silicone Rubber in Medical Implants and Devices

5.2 Market Restraint

5.2.1 High Cost Associated with Manufacturing and Processing

5.3 Market Opportunities

5.3.1 Surging Application in Consumer Electronics Industry Favors the Liquid Silicone Rubber

5.4 Market Future Trends

5.4.1 Increasing Investment in New Product launch from Market Players

5.5 Impact Analysis

6. Liquid Silicone Rubber – North America Market Analysis

6.1 North America Liquid Silicone Rubber Market –Volume and Forecast to 2028 (Tons)

6.2 North America Liquid Silicone Rubber Market –Revenue and Forecast to 2028 (US$ Million)

7. North America Liquid Silicone Rubber Market Analysis – By Grade

7.1 Overview

7.2 North America Liquid Silicone Rubber Market, By Grade (2021 and 2028)

7.3 Food

7.3.1 Overview

7.3.2 Food: Liquid Silicone Rubber Market – Revenue and Forecast to 2028 (US$ Mn)

7.3.3 Food: Liquid Silicone Rubber Market –Volume and Forecast to 2028 (Kilo Tons)

7.4 Medical

7.4.1 Overview

7.4.2 Medical: Liquid Silicone Rubber Market – Revenue and Forecast to 2028 (US$ Mn)

7.4.3 Medical: Liquid Silicone Rubber Market –Volume and Forecast to 2028 (Kilo Tons)

7.5 Industrial

7.5.1 Overview

7.5.2 Industrial: Liquid Silicone Rubber Market – Revenue and Forecast to 2028 (US$ Mn)

7.5.3 Industrial: Liquid Silicone Rubber Market –Volume and Forecast to 2028 (Kilo Tons)

8. North America Liquid Silicone Rubber Market Analysis – By End User

8.1 Overview

8.2 North America Liquid Silicone Rubber Market, By End User (2021 and 2028)

8.3 Healthcare

8.3.1 Overview

8.3.2 Healthcare: Liquid Silicone Rubber Market – Revenue and Forecast to 2028 (US$ Mn)

8.4 Automotive

8.4.1 Overview

8.4.2 Automotive: Liquid Silicone Rubber Market – Revenue and Forecast to 2028 (US$ Mn)

8.5 Consumer Goods

8.5.1 Overview

8.5.2 Consumer Goods: Liquid Silicone Rubber Market – Revenue and Forecast to 2028 (US$ Mn)

8.6 Electrical and Electronics

8.6.1 Overview

8.6.2 Electrical and Electronics: Liquid Silicone Rubber Market – Revenue and Forecast to 2028 (US$ Mn)

8.7 Others

8.7.1 Overview

8.7.2 Others: Liquid Silicone Rubber Market – Revenue and Forecast to 2028 (US$ Mn)

9. North America Liquid Silicone Rubber Market – Country Analysis

9.1 Overview

9.1.1 North America: Liquid Silicone Rubber Market –Revenue and Forecast to 2028 (US$ Million)

9.1.2 North America: Liquid Silicone Rubber Market –Volume and Forecast to 2028 (Tons)

9.1.3 North America: Liquid Silicone Rubber Market, by Grade

9.1.4 North America: Liquid Silicone Rubber Market, by End-User

9.1.5 North America: Liquid Silicone Rubber Market, by Key Country

9.1.5.1 US: Liquid Silicone Rubber Market–Analysis and Forecast to 2028 (US$ Million)

9.1.5.1.1 US: Liquid Silicone Rubber Market, by Grade

9.1.5.1.2 US: Liquid Silicone Rubber Market, by End-User

9.1.5.2 Canada: Liquid Silicone Rubber Market–Analysis and Forecast to 2028 (US$ Million)

9.1.5.2.1 Canada: Liquid Silicone Rubber Market, by Grade

9.1.5.2.2 Canada: Liquid Silicone Rubber Market, by End-User

9.1.5.3 Mexico: Liquid Silicone Rubber Market–Revenue and Forecast to 2028 (US$ Million)

9.1.5.3.1 Mexico: Liquid Silicone Rubber Market, by Grade

9.1.5.3.2 Mexico: Liquid Silicone Rubber Market, by End-User

10. Industry Landscape

10.1 Overview

10.2 Market Initiative

10.3 New Product Development

10.4 Merger and Acquisition

11. Company Profiles

11.1 Avantor, Inc.

11.1.1 Key Facts

11.1.2 Business Description

11.1.3 Products and Services

11.1.4 Financial Overview

11.1.5 SWOT Analysis

11.1.6 Key Developments

11.2 Beacon Medtech Solutions

11.2.1 Key Facts

11.2.2 Business Description

11.2.3 Products and Services

11.2.4 Financial Overview

11.2.5 SWOT Analysis

11.2.6 Key Developments

11.3 Dow Inc.

11.3.1 Key Facts

11.3.2 Business Description

11.3.3 Products and Services

11.3.4 Financial Overview

11.3.5 SWOT Analysis

11.3.6 Key Developments

11.4 Momentive

11.4.1 Key Facts

11.4.2 Business Description

11.4.3 Products and Services

11.4.4 Financial Overview

11.4.5 SWOT Analysis

11.4.6 Key Developments

11.5 Wacker Chemie AG

11.5.1 Key Facts

11.5.2 Business Description

11.5.3 Products and Services

11.5.4 Financial Overview

11.5.5 SWOT Analysis

11.5.6 Key Developments

11.6 CHT Germany GmbH

11.6.1 Key Facts

11.6.2 Business Description

11.6.3 Products and Services

11.6.4 Financial Overview

11.6.5 SWOT Analysis

11.6.6 Key Developments

11.7 Elkem Asa

11.7.1 Key Facts

11.7.2 Business Description

11.7.3 Products and Services

11.7.4 Financial Overview

11.7.5 SWOT Analysis

11.7.6 Key Developments

11.8 KCC Silicone Corporation

11.8.1 Key Facts

11.8.2 Business Description

11.8.3 Products and Services

11.8.4 Financial Overview

11.8.5 SWOT Analysis

11.8.6 Key Developments

11.9 Shin Etsu Chemical Co. Ltd.

11.9.1 Key Facts

11.9.2 Business Description

11.9.3 Products and Services

11.9.4 Financial Overview

11.9.5 SWOT Analysis

11.9.6 Key Developments

11.10 Stockwell Elastometrics Inc.

11.10.1 Key Facts

11.10.2 Business Description

11.10.3 Products and Services

11.10.4 Financial Overview

11.10.5 SWOT Analysis

11.10.6 Key Developments

12. Appendix

12.1 About The Insight Partners

12.2 Glossary of Terms

LIST OF TABLES.

Table 1. North America Liquid Silicone Rubber Market –Volume and Forecast to 2028 (Tons)

Table 2. North America Liquid Silicone Rubber Market –Revenue and Forecast to 2028 (US$ Million)

Table 4. North America Liquid Silicone Rubber Market, by Grade– Revenue and Forecast to 2028 (USD Million)

Table 5. North America Liquid Silicone Rubber Market, by Grade– Volume and Forecast to 2028 (Tons)

Table 6. North America Liquid Silicone Rubber Market, by End-User – Revenue and Forecast to 2028 (USD Million)

Table 7. US: Liquid Silicone Rubber Market, by Grade– Revenue and Forecast to 2028 (US$ Million)

Table 8. U.S. Liquid Silicone Rubber Market, by Grade – Volume and Forecast to 2028 (Tons)

Table 9. US: Liquid Silicone Rubber Market, by End-User – Revenue and Forecast to 2028 (US$ Million)

Table 10. Canada: Liquid Silicone Rubber Market, by Grade– Revenue and Forecast to 2028 (US$ Million)

Table 11. Canada: Liquid Silicone Rubber Market, by Grade– Volume and Forecast to 2028 (Tons)

Table 12. Canada: Liquid Silicone Rubber Market, by End-User – Revenue and Forecast to 2028 (US$ Million)

Table 13. Mexico Liquid Silicone Rubber Market, by Grade– Revenue and Forecast to 2028 (US$ Million)

Table 14. Mexico Liquid Silicone Rubber Market, by Grade– Volume and Forecast to 2028 (Tons)

Table 15. Mexico Liquid Silicone Rubber Market, by End-User – Revenue and Forecast to 2028 (US$ Million)

Table 16. Glossary of Terms, Liquid Silicone Rubber Market

The List of Companies - North America Liquid Silicone Rubber Market

● Avantor, Inc.

● Beacon Medtech Solutions

● CHT Germany GmbH

● Dow Inc.

● Elkem Asa

● KCC Silicone Corporation

● Momentive

● Shin Etsu Chemical Co. Ltd.

● Stockwell Elastometrics Inc.

● Wacker Chemie AG

Reason To Buy

● Save and reduce time carrying out entry-level research by identifying the growth, size, leading players, and segments in the North America liquid silicone rubber market.

● Highlights key business priorities in order to assist companies to realign their business strategies

● The key findings and recommendations highlight crucial progressive industry trends in the North America liquid silicone rubber market, thereby allowing players across the value chain to develop effective long-term strategies

● Develop/modify business expansion plans by using substantial growth offering developed and emerging markets

● Scrutinize in-depth North America market trends and outlook coupled with the factors driving the liquid silicone rubber market, as well as those hindering it

● Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to client products, segmentation, pricing, and distribution

AVAILABLE CUSTOMIZATION RESEARCH METHODOLOGY REQUEST FOR TOC FREE SAMPLE REPORT
CHOOSE LICENCE TYPE
(North America Liquid Silicone Rubber Market Forecast to 2028)
  • Single User Price $3,000$2,400
  • Site Price $4,000$3,200
  • Enterprise Price $5,000$4,000
Buy Now Add to Cart
REQUEST FOR TOC
SPEAK TO ANALYST
FREE SAMPLE
REPORT
INQUIRE BEFORE
BUYING
TOP
Quick Enquiry