The Automotive Silicone Global Market Report 2023, provides comprehensive information on the automotive silicone market across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa for the 27 major global industries. The report covers a ten year historic period – 2010-2021, and a ten year forecast period – 2023-2032
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The Automotive Silicone market, as outlined in The Business Research Company’s Global Market Report for 2023, is poised for growth. From $2.43 billion in 2022, it is projected to reach $2.61 billion in 2023, reflecting a compound annual growth rate (CAGR) of 7.6%. However, the Russia-Ukraine war has impacted the global economic recovery post-COVID-19, particularly in the short term. The resulting economic sanctions, commodity price surges, and supply chain disruptions have caused inflation across various sectors, affecting global markets. Nevertheless, the automotive silicone market is forecasted to expand to $3.39 billion by 2027, demonstrating a CAGR of 6.7%. This underscores the resilience and adaptability of the automotive industry in dynamic geopolitical and economic contexts
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Product innovation is a key trend gaining popularity in the automotive silicone market. Many companies operating in the automotive silicone market are developing new products with advanced technologies to strengthen their position in the market. For instance, in December 2022, Dow, a US-based chemical corporation company, launched SILASTIC™ SA 994X Liquid silicone rubber (LSR). It is a primerless, self-adhesive, general purpose, and self-lubricating, one-to-one mix ratio LSR developed for two-component injection moulding with thermoplastic substrates such as polybutylene terephthalate and polyamide. This new series can be employed in a variety of automotive applications
The automotive silicone market is segmented:
1) By Type: Elastomers, Resins, Gels, Fluids
2) By Form: Sealant, Tape, Epoxy
3) By Application: Interior and Exterior, Engines, Electrical, Tires, Other Applications
Asia-Pacific was the largest region in the automotive silicone market in 2022.
Top 5 Major Key Players Are:
Wacker Chemie AG
Evonik Industries
Elkem Silicones
Shin-Etsu Chemical Co. Ltd
Momentive Inc
Table Of Contents
1. Executive Summary
2. Automotive Silicone Market Characteristics
3. Automotive Silicone Market Trends And Strategies
4. Automotive Silicone Market – Macro Economic Scenario
5. Automotive Silicone Market Size And Growth
……..
26. Africa Automotive Silicone Market
27. Automotive Silicone Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Automotive Silicone Market
29. Automotive Silicone Market Future Outlook and Potential Analysis
30. Appendix
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