Global Automotive Silicone Market Analysis, Drivers, Restraints, Opportunities, Threats, Trends, Applications, and Growth Forecast to 2027
MarketResearch.biz delivers in-depth insights on the global automotive silicone market in its upcoming report titled, “Global Automotive Silicone Market Trends, Applications, Analysis, Growth, and Forecast: 2017 to 2027”. The global automotive silicone market is estimated to register a CAGR of XX.X% in terms of value during forecast period 2017–2027. The report offers in-depth insights, revenue details, and other vital information regarding the target market, and the various trends, drivers, restraints, opportunities, and threats till 2027. The report offers insightful and detailed information regarding the various key players operating in the market, their financials, supply chain trends, technological innovations, key developments, apart from future strategies, acquisitions & mergers, and market footprint. The global automotive silicone market report has been segmented on the basis of product type, application, and region.
This report is based on synthesis, analysis, and interpretation of information gathered regarding the target market from various sources. Our analysts have analyzed the information and data and gained insights using a mix of primary and secondary research efforts with the primary objective to provide a holistic view of the market. In addition, an in-house study has been made of the global economic conditions and other economic indicators and factors to assess their respective impact on the market historically, as well as the current impact in order to make informed forecasts about the scenarios in future.
Silicones are also known as polysiloxanes, made up of siloxanes. Siloxane is a chain of alternate silicon atom and oxygen atom which combined with carbon and hydrogen. Automotive silicones are used in automotive manufacturing for various applications such as lubricant, tubes, sheets, etc. Automotive silicones have wide acceptance due to its properties such as high strength, reducing friction, and insulation.
Increasing demand for automotive silicones from rapidly growing automotive sector for production of vehicles, is a major factor expected to drive growth of the global automotive silicone market over the long run. In addition, rising investment in vehicles manufacturing setups by various key players, is another factor anticipated to propel growth of the target market over the forecast period.
However, increasing price of raw material for automotive silicone may hamper the demand for automotive silicone and restrain growth of the global automotive silicone market. Rising demand for automotive silicone from electric and hybrid vehicle manufacturers is an increasing trend observed for automotive silicone market. Increasing adoption of product from automotive sector in emerging economies is also an opportunity, propelling growth of the global market.
The Asia Pacific market accounted for largest share in the global automotive silicone market in terms of revenue and is expected to maintain its dominance over the forecast period. The market in Asia Pacific is expected to register highest growth rate in terms of revenue over the forecast period. Increasing presence of major automotive silicone manufacturers in countries such as China and India, in the region is also expected to drive growth of the market. The Europe market accounted for significant share in terms of revenue in the global market, owing to presence of major automotive manufacturers in the region. The North America automotive silicone market is expected to witness a moderate growth in terms of revenue over the forecast period.
Global Automotive Silicone Market Segmentation:
Segmentation On the Basis of Product Type:
- Adhesives & Sealants
- Others (Gels and Fluids)
Segmentation On the Basis of Application:
- Interior & Exterior Parts
- Engine & Drive Train System
- Electrical System
- Suspension System
- Others (Paint & Plastic Polishes, Sheathing & Protecting, Rain and Distance Sensors, Ventilation Flaps, Molds & Prototypes, and Break-protection Caps)
Segmentation On the Basis of Region:
- North America
- Asia Pacific
- Latin America
- Middle East & Africa
Particular Scope Region
- North America
- Rest of Europe
- Asia Pacific
- South Korea
- Rest of Asia Pacific
- Latin America
- Rest of Latin America
- Middle East and Africa
- South Africa
- Rest of Middle East and Africa
Actual Year 2019 Estimated Year 2020 Forecast Period 2020–2029 Revenue in US$
- Wacker Chemie AG
- Evonik Resource Efficiency GmbH
- Elkem Silicones
- 3M Company
- The Dow Chemical Company
- Shin-Etsu Chemical Co., Ltd.
- Henkel AG & Co. KGaA
- KCC CORPORATION
- Momentive Performance Materials Inc.
- Specialty Silicone Products, Inc.
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