Automotive Silicone Market Share, Growth, Opportunities 2030
Automotive Silicone Market Share, Growth, Opportunities 2030
Segments - Automotive Silicone Market by Applications (Electrical, Interior & Exterior, Engines, and Others), Types (Fluids, Elastomers, Resins, and Gels), and Regions (Asia Pacific, North America, Latin America, Europe, and Middle East & Africa) - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast 2022 – 2030
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| Report ID :AL-4483
| 4.9 Rating
| 68 Reviews
| 168 Pages
| Format :
Report Description
The global automotive silicone market size was valued at USD 2.3 billion in 2021, is estimated to surpass USD 3.1 billion by 2030 and expanding at a CAGR of 7.2% during the forecast period, 2021–2030. The growth of the market is attributed to the rising demand for automotive silicone from several businesses.
Automotive silicone is a heat-resistant, rubber-like polymer that is used in the production of adhesives, sealants, lubricants, and thermal and electrical insulation. Durability, strength, resistance, and UV resistance are some of its characteristics. Silicone is also the preferred material for the automobile sector because to its chemical and abrasion resistance. Gaskets for automobile engines, gearboxes are made from sheet silicone. Recent technical breakthroughs have made it possible to combine silicone with thermoplastics, to increase scratch and mar resistance while lowering the coefficient of friction. Silicone rubber cable and other silicone compounds are used as airbag coatings and sealants. Silicone rubber's exceptional strength makes it an ideal adhesive/sealant for high-impact airbags.
The fast spread of coronavirus has a significant influence on global market. The whole consumer market has suddenly lost interest in acquiring any items due to severe shutdown. One of the big challenges that various sector experiencing is the closure of all types of international transportation. The market for automotive silicone has slowed due to supply chain disruption.
Market Trends, Drivers, Restraints, and Opportunities
- Increasing production of automobiles is expected to drive the market.
- Rising demand for electronic applications is projected to propel the market during the forecast period.
- High production cost of automotive silicones is anticipated to hinder the market.
- Fluctuating raw material prices is expected to hamper the market in the coming years.
- Advancements in technology, quick up-gradation, and modernization is projected to create lucrative opportunities for market players.
Scope of Automotive Silicone Market Report
The report on the global automotive silicone market includes an assessment of the market, trends, segments, and regional markets. Overview and dynamics have also been included in the report.
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Attributes |
Details |
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Report Title |
Automotive Silicone Market - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast |
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Base Year |
2021 |
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Historic Data |
2019–2020 |
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Forecast Period |
2022–2030 |
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Segmentation |
Applications (Electrical, Interior & Exterior, Engines, and Others), and Types (Fluids, Elastomers, Resins, and Gels) |
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Regional Scope |
Asia Pacific, North America, Latin America, Europe, and Middle East & Africa |
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Report Coverage |
Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, and Trends, and Revenue Forecast |
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Key Players Covered in the Report |
Shin Etsu; Momentive Performance Materials; KCC Corporation; Henkel AG & Co; Siltech; Primasil Silicones; Wacker Chemie; Evonik; Elkem Silicones; and Dowdupont |
Automotive Silicone Market Segment Insights
Engines segment to expand at a considerable CAGR
On the basis of applications, the automotive silicone market is segmented into electrical, interior & exterior, engines, and others. The engines segment is projected to expand at a considerable CAGR during the forecast period. Silicone is utilized as a coating on these gaskets to keep them from clinging to other metal elements of the engine and to promote cold sealing. The interior & exterior segment is anticipated to account for a major market share during the forecast period, as automotive silicone provides heat resistance, cold resistance, and water repellency.
Fluids segment to hold a significant share of the market
Based on types, the market is divided into fluids, elastomers, resins, and gels. The fluids segment is expected to hold a significant share of the market in the coming years. Silicone fluids are polydimethylsiloxane oils with varying degrees of polymerization and consequently viscosity. Fluid silicone provides low temperature flexibility and aging resistance. The elastomers segment accounts for a significant market share. Silicone elastomers are a class of heat-stable, elastic silicone materials that are used for electrical insulation in the form of sheet, wire, tape, and extruded sleeving, cable coverings, and moldings.
Asia Pacific is anticipated to constitute a key market share
In terms of regions, the automotive silicone market is classified as Asia Pacific, North America, Latin America, Europe, and Middle East & Africa. Asia Pacific is expected to constitute a key share of the market during the forecast period, owing to availability of low-cost raw materials and labor. The market in North America is anticipated to expand at a rapid pace during the forecast period, due to increasing domestic demand for automobiles in the region.
Segments
The global automotive silicone market has been segmented on the basis of
Applications- Electrical
- Interior & Exterior
- Engines
- Others
- Fluids
- Elastomers
- Resins
- Gels
- Asia Pacific
- North America
- Latin America
- Europe
- Middle East & Africa
- Shin Etsu
- Momentive Performance Materials
- KCC Corporation
- Henkel AG & Co
- Siltech
- Primasil Silicones
- Wacker Chemie
- Evonik
- Elkem Silicones
- Dowdupont
Competitive Landscape
Key players competing in the global automotive silicone market are Shin Etsu; Momentive Performance Materials; KCC Corporation; Henkel AG & Co; Siltech; Primasil Silicones; Wacker Chemie; Evonik; Elkem Silicones; and Dowdupont.
Vendors are being compelled to use different growth methods such as promotional activities and advertising to increase the exposure of their services as the market becomes more competitive. In order to stay competitive in the industry, some suppliers are pursuing inorganic development tactics such as mergers and acquisitions.
Frequently Asked Questions
The global automotive silicone market size was valued at USD 2.3 billion in 2021.
Increasing production of automobiles is expected to drive the market.
The global automotive silicone market is expanding at a CAGR of 7.2% during the forecast period, 2021–2030.
Asia Pacific is expected to constitute a key share of the market during the forecast period.
Key players competing in the global automotive silicone market are Shin Etsu; Momentive Performance Materials; KCC Corporation; Henkel AG & Co; Siltech; Primasil Silicones; Wacker Chemie; Evonik; Elkem Silicones; and Dowdupont.
Table Of Content
1. Executive Summary2. Assumptions and Acronyms Used
3. Research Methodology
4. Automotive Silicone Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Automotive Silicone Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Automotive Silicone Market - Supply Chain
4.5. Global Automotive Silicone Market Forecast
4.5.1. Automotive Silicone Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Automotive Silicone Market Size (000’ Units) and Y-o-Y Growth
4.5.3. Automotive Silicone Market Absolute $ Opportunity
5. Global Automotive Silicone Market Analysis and Forecast by Region
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Region
5.2.2. Y-o-Y Growth Projections by Region
5.3. Automotive Silicone Market Size and Volume Forecast by Region
5.3.1. North America
5.3.2. Latin America
5.3.3. Europe
5.3.4. Asia Pacific
5.3.5. Middle East and Africa (MEA)
5.4. Absolute $ Opportunity Assessment by Region
5.5. Market Attractiveness/Growth Potential Analysis by Region
5.6. Global Automotive Silicone Demand Share Forecast, 2019-2026
6. North America Automotive Silicone Market Analysis and Forecast
6.1. Introduction
6.1.1. Basis Point Share (BPS) Analysis by Country
6.1.2. Y-o-Y Growth Projections by Country
6.2. North America Automotive Silicone Market Size and Volume Forecast by Country
6.2.1. U.S.
6.2.2. Canada
6.3. Absolute $ Opportunity Assessment by Country
6.4. Market Attractiveness/Growth Potential Analysis
6.4.1. By Country
6.4.2. By Product Type
6.4.3. By Application
6.5. North America Automotive Silicone Demand Share Forecast, 2019-2026
7. Latin America Automotive Silicone Market Analysis and Forecast
7.1. Introduction
7.1.1. Basis Point Share (BPS) Analysis by Country
7.1.2. Y-o-Y Growth Projections by Country
7.1.3. Latin America Average Pricing Analysis
7.2. Latin America Automotive Silicone Market Size and Volume Forecast by Country
7.2.1. Brazil
7.2.2. Mexico
7.2.3. Rest of Latin America
7.3. Absolute $ Opportunity Assessment by Country
7.4. Market Attractiveness/Growth Potential Analysis
7.4.1. By Country
7.4.2. By Product Type
7.4.3. By Application
7.5. Latin America Automotive Silicone Demand Share Forecast, 2019-2026
8. Europe Automotive Silicone Market Analysis and Forecast
8.1. Introduction
8.1.1. Basis Point Share (BPS) Analysis by Country
8.1.2. Y-o-Y Growth Projections by Country
8.1.3. Europe Average Pricing Analysis
8.2. Europe Automotive Silicone Market Size and Volume Forecast by Country
8.2.1. Germany
8.2.2. France
8.2.3. Italy
8.2.4. U.K.
8.2.5. Spain
8.2.6. Russia
8.2.7. Rest of Europe
8.3. Absolute $ Opportunity Assessment by Country
8.4. Market Attractiveness/Growth Potential Analysis
8.4.1. By Country
8.4.2. By Product Type
8.4.3. By Application
8.5. Europe Automotive Silicone Demand Share Forecast, 2019-2026
9. Asia Pacific Automotive Silicone Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.1.3. Asia Pacific Average Pricing Analysis
9.2. Asia Pacific Automotive Silicone Market Size and Volume Forecast by Country
9.2.1. China
9.2.2. Japan
9.2.3. South Korea
9.2.4. India
9.2.5. Australia
9.2.6. Rest of Asia Pacific (APAC)
9.3. Absolute $ Opportunity Assessment by Country
9.4. Market Attractiveness/Growth Potential Analysis
9.4.1. By Country
9.4.2. By Product Type
9.4.3. By Application
9.5. Asia Pacific Automotive Silicone Demand Share Forecast, 2019-2026
10. Middle East & Africa Automotive Silicone Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Middle East & Africa Average Pricing Analysis
10.2. Middle East & Africa Automotive Silicone Market Size and Volume Forecast by Country
10.2.1. Saudi Arabia
10.2.2. South Africa
10.2.3. UAE
10.2.4. Rest of Middle East & Africa (MEA)
10.3. Absolute $ Opportunity Assessment by Country
10.4. Market Attractiveness/Growth Potential Analysis
10.4.1. By Country
10.4.2. By Product Type
10.4.3. By Application
10.5. Middle East & Africa Automotive Silicone Demand Share Forecast, 2019-2026
11. Competition Landscape
11.1. Global Automotive Silicone Market: Market Share Analysis
11.2. Automotive Silicone Distributors and Customers
11.3. Automotive Silicone Market: Competitive Dashboard
11.4. Company Profiles (Details: Overview, Financials, Developments, Strategy)
Methodology
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