Market Overview The liquid silicone rubber market comprises a broad spectrum of industries engaged in the manufacture and use of platinum-cured two-part silicone rubber characterized by high flexibility, heat-resistance properties, biocompatibility, chemical stability, and durability. Such sub-categories as medical-grade LSR, industrial-grade LSR, optical LSR, and food grade silicone rubber are utilized in various sectors ranging from automotive parts, healthcare products, baby care products to electronics and consumer products, seals and gaskets, connector assemblies, and wearables.