Press release
Automotive Silicone Market: Exploring the Future Outlook, Key Growth Drivers, Market Size, and Forecasts
The Auto Silicone Market shows a promising growth trajectory with opportunities in electric vehicles and advances in sustainability.
What Is The Projected Market Size Of The Global Automotive Silicone Market And Its Growth Rate?
- The automotive silicone market size has grown strongly in recent years. It is projected to grow from $7.47 billion in 2024 to $8.03 billion in 2025 at a compound annual growth rate (CAGR) of 7.5%.
- The historic period's growth can be attributed to automotive manufacturing growth, stringent emission standards, increase in consumer demand for comfort, and increased vehicle electrification.
- It is expected to grow further to $10.92 billion in 2029 at a compound annual growth rate (CAGR) of 8.0%.
- The growth forecast can be attributed to the shift to electric and hybrid vehicles, advancements in lightweight materials, the demand for advanced safety features, and a surge in autonomous vehicle development.
What Is Driving The Growth In The Automotive Silicone Market?
Rising demand for fuel-efficient vehicles plays a crucial role in driving the growth of the automotive silicone market. Fuel-efficient vehicles are designed to achieve higher mileage per gallon, which decreases the overall release of pollutants. Automotive silicones contribute to weight reduction, driving fuel efficiency. A significant increase in electric car sales in 2023 also attests to the rising demand for fuel-efficient vehicles and, consequently, the growth of the automotive silicone market.
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Who Are the Key Players Driving Automotive Silicone Market Growth?
Key players in the automotive silicone market include:
- Evonik Industries
- Elkem Silicones
- Shin-Etsu Chemical Co. Ltd.
- Momentive Inc.
- KCC Corporation
- Henkel AG & Co. KGaA
- Siltech Corporation
- Primasil Silicones
- ACC Silicones Ltd.
- CSL Silicone Inc., among others.
What Are The Key Trends In The Automotive Silicone Market?
Key trends in the automotive silicone market include:
- Integration in advanced interiors and electronics
- Expansion of coatings for exterior applications
- Development of silicone-based tires
- Emphasis on sustainable solutions
What Are The Segments Of The Global Automotive Silicone Market?
The automotive silicone market report covers the following segments:
1) By Type: Elastomers, Resins, Gels, Fluids
2) By Form: Sealant, Tape, Epoxy
3) By Application: Interior and Exterior, Engines, Electrical, Tires, Other Applications
Which Region Leads The Automotive Silicone Market?
Asia-Pacific was the largest region in the automotive silicone market in 2024. The regions covered in the report include Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.
Pre-book the Report for Swift Delivery:
https://www.thebusinessresearchcompany.com/report/automotive-silicone-global-market-report
What Is Covered In The Automotive Silicone Market Global Market Report?
- Market Size Analysis: The Automotive Silicone Market size by key regions, countries, product types, and applications is analyzed.
- Market Segmentation Analysis: Various subsegments within the Automotive Silicone Market are identified.
- Key Player Focus: Key players' market value, share, and competitive landscape are under the lens.
- Growth Trends Analysis: Individual growth trends and prospects in the Market are examined.
- Market Contribution: Contributions of different segments to the overall Automotive Silicone Market growth are evaluated.
- Growth Drivers: Key factors influencing market growth, including opportunities and drivers, are detailed.
- Industry Challenges: Challenges and risks affecting the Automotive Silicone Market are analyzed.
- Competitive Developments: Competitive developments, such as expansions, agreements, and new product launches in the market are analyzed.
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https://www.thebusinessresearchcompany.com/Customise?id=8188&type=smp
Connect with us on:
LinkedIn: https://in.linkedin.com/company/the-business-research-company,
Twitter: https://twitter.com/tbrc_info,
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ.
Contact Us
Europe: +44 207 1930 708,
Asia: +91 88972 63534,
Americas: +1 315 623 0293 or
Email: mailto:info@tbrc.info
Learn More About The Business Research Company
With over 15,000+ reports from 27 industries covering 60+ geographies, The Business Research Company has built a reputation for offering comprehensive, data-rich research and insights. Our flagship product, the Global Market Model delivers comprehensive and updated forecasts to support informed decision-making.
What Is The Projected Market Size Of The Global Automotive Silicone Market And Its Growth Rate?
- The automotive silicone market size has grown strongly in recent years. It is projected to grow from $7.47 billion in 2024 to $8.03 billion in 2025 at a compound annual growth rate (CAGR) of 7.5%.
- The historic period's growth can be attributed to automotive manufacturing growth, stringent emission standards, increase in consumer demand for comfort, and increased vehicle electrification.
- It is expected to grow further to $10.92 billion in 2029 at a compound annual growth rate (CAGR) of 8.0%.
- The growth forecast can be attributed to the shift to electric and hybrid vehicles, advancements in lightweight materials, the demand for advanced safety features, and a surge in autonomous vehicle development.
What Is Driving The Growth In The Automotive Silicone Market?
Rising demand for fuel-efficient vehicles plays a crucial role in driving the growth of the automotive silicone market. Fuel-efficient vehicles are designed to achieve higher mileage per gallon, which decreases the overall release of pollutants. Automotive silicones contribute to weight reduction, driving fuel efficiency. A significant increase in electric car sales in 2023 also attests to the rising demand for fuel-efficient vehicles and, consequently, the growth of the automotive silicone market.
Request A Free Sample Copy:
https://www.thebusinessresearchcompany.com/sample.aspx?id=8188&type=smp
Who Are the Key Players Driving Automotive Silicone Market Growth?
Key players in the automotive silicone market include:
- Evonik Industries
- Elkem Silicones
- Shin-Etsu Chemical Co. Ltd.
- Momentive Inc.
- KCC Corporation
- Henkel AG & Co. KGaA
- Siltech Corporation
- Primasil Silicones
- ACC Silicones Ltd.
- CSL Silicone Inc., among others.
What Are The Key Trends In The Automotive Silicone Market?
Key trends in the automotive silicone market include:
- Integration in advanced interiors and electronics
- Expansion of coatings for exterior applications
- Development of silicone-based tires
- Emphasis on sustainable solutions
What Are The Segments Of The Global Automotive Silicone Market?
The automotive silicone market report covers the following segments:
1) By Type: Elastomers, Resins, Gels, Fluids
2) By Form: Sealant, Tape, Epoxy
3) By Application: Interior and Exterior, Engines, Electrical, Tires, Other Applications
Which Region Leads The Automotive Silicone Market?
Asia-Pacific was the largest region in the automotive silicone market in 2024. The regions covered in the report include Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.
Pre-book the Report for Swift Delivery:
https://www.thebusinessresearchcompany.com/report/automotive-silicone-global-market-report
What Is Covered In The Automotive Silicone Market Global Market Report?
- Market Size Analysis: The Automotive Silicone Market size by key regions, countries, product types, and applications is analyzed.
- Market Segmentation Analysis: Various subsegments within the Automotive Silicone Market are identified.
- Key Player Focus: Key players' market value, share, and competitive landscape are under the lens.
- Growth Trends Analysis: Individual growth trends and prospects in the Market are examined.
- Market Contribution: Contributions of different segments to the overall Automotive Silicone Market growth are evaluated.
- Growth Drivers: Key factors influencing market growth, including opportunities and drivers, are detailed.
- Industry Challenges: Challenges and risks affecting the Automotive Silicone Market are analyzed.
- Competitive Developments: Competitive developments, such as expansions, agreements, and new product launches in the market are analyzed.
Request Customization for This Report:
https://www.thebusinessresearchcompany.com/Customise?id=8188&type=smp
Connect with us on:
LinkedIn: https://in.linkedin.com/company/the-business-research-company,
Twitter: https://twitter.com/tbrc_info,
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ.
Contact Us
Europe: +44 207 1930 708,
Asia: +91 88972 63534,
Americas: +1 315 623 0293 or
Email: mailto:info@tbrc.info
Learn More About The Business Research Company
With over 15,000+ reports from 27 industries covering 60+ geographies, The Business Research Company has built a reputation for offering comprehensive, data-rich research and insights. Our flagship product, the Global Market Model delivers comprehensive and updated forecasts to support informed decision-making.
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