Product Code: A04739
According to a new report published by Allied Market Research, titled, "Automotive Silicone Market," The automotive silicone market was valued at $2.7 billion in 2022, and is estimated to reach $6.1 billion by 2032, growing at a CAGR of 8.5% from 2023 to 2032.
Automotive silicone is a specific type of silicone material that is majorly designed for use in automotive applications. Silicone is a flexible polymer renowned for its excellent electrical insulation properties, temperature resistance, and durability. In the automotive industry, silicone is majorly used owing to its unique properties and benefits. The temperature resistance property of silicone can withstand extreme temperatures, both high and low, without losing its physical properties. It remains stable and flexible across an extensive temperature range, making it appropriate for automotive applications.
Automotive weight reduction is a constant goal for automakers as they seek to improve overall performance and fuel economy. Vehicle design is increasingly incorporating lightweight components including carbon fiber composites, high-strength steel, aluminum, and plastics. Because they may replace heavy materials and have a low density, silicone-based materials including adhesives, silicone foams, and sealants are a crucial step in the process of making automotive products lighter. These lightweight silicone materials are opted in various applications, such as seals, gaskets, electrical components, and thermal management systems, to reduce overall vehicle weight. Silicone-based adhesives, sealants, and gaskets are used in powertrain components, including transmissions, engines, and exhaust systems, to improve performance and reduce energy losses.
Silicon is a non-renewable resource that is used to make automotive silicone, and the procedures used to make silicone consume a lot of energy. In addition, silicone products are not easily biodegradable, leading to possible waste management challenges. As governments and regulatory bodies implement strict environmental regulations, automotive manufactures may face consequences and can diverge towards using more sustainable materials in comparison to silicone. Volatile organic compounds (VOCs) can be discharged as a result of the usage and manufacture of products with silicone as a base. VOCs are dangerous compounds that can harm human health and contribute to air pollution. Limits on VOC emissions are frequently imposed by stringent environmental laws, which may have an effect on the creation and application of automotive silicone. Moreover, the growing emphasis on sustainability has increased the demand for eco-friendly alternatives to silicone. The automotive industry is exploring and adopting greener solutions such as bio-based polymers and recyclable materials to reduce their environmental footprints. This is expected to restrain market growth during the forecast period.
As electric vehicle production surges globally, the demand for silicone-based materials is expected to surge. This provides an opportunity for automotive silicone manufacturers to develop innovative solutions, increase their product offerings, and cater to the specific needs of the EV industry. Electric vehicles generate heat during operation, particularly in the battery and powertrain systems. Silicone-based thermal management solutions, such as gels, thermal interface materials, and adhesives, can effectively manage and dissipate heat, ensuring ideal performance and safety of EV components. Moreover, silicone materials possess excellent electrical insulation properties, making them suitable for applications like cable and wire insulation, connectors, and gaskets in electric vehicles. As Evs incorporate advanced electronics and electrical systems, the demand for reliable and high-performance electrical insulation materials will increase.
The COVID-19 pandemic had both positive and negative impacts on various industries, including the automotive silicone industry. The pandemic caused disruptions in global supply chains, affecting the availability of raw materials, equipment, and components necessary for automotive production. This hampered the production of automotive globally. The automotive industry experienced a significant decline in demand during the initial stage of the pandemic owing to lockdowns, travel restrictions, and economic instability. Moreover, as a result automotive manufacturers scaled back production, leading to reduced demand for automotive silicone and other related materials.
The key players profiled in this report include: Shin Etsu, Wacker Chemie, Siltech, Elkem Silicones, Momentive Performance Materials, Primasil Silicones, Dowdupont, Evonik, KCC Corporation, and Henkel AG & Co. The market players are continuously striving to achieve a dominant position in this competitive market using strategies such as collaborations and acquisitions.
Key Benefits For Stakeholders
- This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the automotive silicone market analysis from 2022 to 2032 to identify the prevailing automotive silicone market opportunities.
- The market research is offered along with information related to key drivers, restraints, and opportunities.
- Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
- In-depth analysis of the automotive silicone market segmentation assists to determine the prevailing market opportunities.
- Major countries in each region are mapped according to their revenue contribution to the global market.
- Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
- The report includes the analysis of the regional as well as global automotive silicone market trends, key players, market segments, application areas, and market growth strategies.
Additional benefits you will get with this purchase are:
- Quarterly Update and* (only available with a corporate license, on listed price)
- 5 additional Company Profile of client Choice pre- or Post-purchase, as a free update.
- Free Upcoming Version on the Purchase of Five and Enterprise User License.
- 16 analyst hours of support* (post-purchase, if you find additional data requirements upon review of the report, you may receive support amounting to 16 analyst hours to solve questions, and post-sale queries)
- 15% Free Customization* (in case the scope or segment of the report does not match your requirements, 20% is equivalent to 3 working days of free work, applicable once)
- Free data Pack on the Five and Enterprise User License. (Excel version of the report)
- Free Updated report if the report is 6-12 months old or older.
- 24-hour priority response*
- Free Industry updates and white papers.
Possible Customization with this report (with additional cost and timeline talk to the sales executive to know more)
- Investment Opportunities
- Technology Trend Analysis
- New Product Development/ Product Matrix of Key Players
- Regulatory Guidelines
- Strategic Recommedations
- Additional company profiles with specific to client's interest
- Additional country or region analysis- market size and forecast
- Criss-cross segment analysis- market size and forecast
- Expanded list for Company Profiles
- Historic market data
- Key player details (including location, contact details, supplier/vendor network etc. in excel format)
- List of customers/consumers/raw material suppliers- value chain analysis
- SWOT Analysis
Key Market Segments
By Type
- Elastomers
- Resins
- Gels
- Others
By Application
- Interior and Exterior
- Engines
- Electrical Systems
- Others
By Region
- North America
- Europe
- France
- Germany
- Italy
- Spain
- UK
- Rest of Europe
- Asia-Pacific
- China
- Japan
- India
- South Korea
- Australia
- Rest of Asia-Pacific
- LAMEA
- Brazil
- Morocco
- South Africa
- Argentina
- Rest of LAMEA
Key Market Players:
- Dowdupont
- Elkem ASA
- Evonik
- Henkel AG & Co
- KCC Corporation
- Momentive
- Primasil Silicones
- Shin Etsu
- Siltech Corporation
- Wacker Chemie
TABLE OF CONTENTS
CHAPTER 1: INTRODUCTION
- 1.1. Report description
- 1.2. Key market segments
- 1.3. Key benefits to the stakeholders
- 1.4. Research Methodology
- 1.4.1. Primary research
- 1.4.2. Secondary research
- 1.4.3. Analyst tools and models
CHAPTER 2: EXECUTIVE SUMMARY
CHAPTER 3: MARKET OVERVIEW
- 3.1. Market definition and scope
- 3.2. Key findings
- 3.2.1. Top impacting factors
- 3.2.2. Top investment pockets
- 3.3. Porter's five forces analysis
- 3.4. Market dynamics
- 3.4.1. Drivers
- 3.4.2. Restraints
- 3.4.3. Opportunities
- 3.5. COVID-19 Impact Analysis on the market
- 3.6. Market Share Analysis
- 3.7. Value Chain Analysis
- 3.8. Regulatory Guidelines
- 3.9. Key Regulation Analysis
- 3.10. Patent Landscape
CHAPTER 4: AUTOMOTIVE SILICONE MARKET, BY TYPE
- 4.1. Overview
- 4.1.1. Market size and forecast
- 4.2. Elastomers
- 4.2.1. Key market trends, growth factors and opportunities
- 4.2.2. Market size and forecast, by region
- 4.2.3. Market share analysis by country
- 4.3. Resins
- 4.3.1. Key market trends, growth factors and opportunities
- 4.3.2. Market size and forecast, by region
- 4.3.3. Market share analysis by country
- 4.4. Gels
- 4.4.1. Key market trends, growth factors and opportunities
- 4.4.2. Market size and forecast, by region
- 4.4.3. Market share analysis by country
- 4.5. Others
- 4.5.1. Key market trends, growth factors and opportunities
- 4.5.2. Market size and forecast, by region
- 4.5.3. Market share analysis by country
CHAPTER 5: AUTOMOTIVE SILICONE MARKET, BY APPLICATION
- 5.1. Overview
- 5.1.1. Market size and forecast
- 5.2. Interior and Exterior
- 5.2.1. Key market trends, growth factors and opportunities
- 5.2.2. Market size and forecast, by region
- 5.2.3. Market share analysis by country
- 5.3. Engines
- 5.3.1. Key market trends, growth factors and opportunities
- 5.3.2. Market size and forecast, by region
- 5.3.3. Market share analysis by country
- 5.4. Electrical Systems
- 5.4.1. Key market trends, growth factors and opportunities
- 5.4.2. Market size and forecast, by region
- 5.4.3. Market share analysis by country
- 5.5. Others
- 5.5.1. Key market trends, growth factors and opportunities
- 5.5.2. Market size and forecast, by region
- 5.5.3. Market share analysis by country
CHAPTER 6: AUTOMOTIVE SILICONE MARKET, BY REGION
- 6.1. Overview
- 6.1.1. Market size and forecast By Region
- 6.2. North America
- 6.2.1. Key trends and opportunities
- 6.2.2. Market size and forecast, by Type
- 6.2.3. Market size and forecast, by Application
- 6.2.4. Market size and forecast, by country
- 6.2.4.1. U.S.
- 6.2.4.1.1. Key market trends, growth factors and opportunities
- 6.2.4.1.2. Market size and forecast, by Type
- 6.2.4.1.3. Market size and forecast, by Application
- 6.2.4.2. Canada
- 6.2.4.2.1. Key market trends, growth factors and opportunities
- 6.2.4.2.2. Market size and forecast, by Type
- 6.2.4.2.3. Market size and forecast, by Application
- 6.2.4.3. Mexico
- 6.2.4.3.1. Key market trends, growth factors and opportunities
- 6.2.4.3.2. Market size and forecast, by Type
- 6.2.4.3.3. Market size and forecast, by Application
- 6.3. Europe
- 6.3.1. Key trends and opportunities
- 6.3.2. Market size and forecast, by Type
- 6.3.3. Market size and forecast, by Application
- 6.3.4. Market size and forecast, by country
- 6.3.4.1. France
- 6.3.4.1.1. Key market trends, growth factors and opportunities
- 6.3.4.1.2. Market size and forecast, by Type
- 6.3.4.1.3. Market size and forecast, by Application
- 6.3.4.2. Germany
- 6.3.4.2.1. Key market trends, growth factors and opportunities
- 6.3.4.2.2. Market size and forecast, by Type
- 6.3.4.2.3. Market size and forecast, by Application
- 6.3.4.3. Italy
- 6.3.4.3.1. Key market trends, growth factors and opportunities
- 6.3.4.3.2. Market size and forecast, by Type
- 6.3.4.3.3. Market size and forecast, by Application
- 6.3.4.4. Spain
- 6.3.4.4.1. Key market trends, growth factors and opportunities
- 6.3.4.4.2. Market size and forecast, by Type
- 6.3.4.4.3. Market size and forecast, by Application
- 6.3.4.5. UK
- 6.3.4.5.1. Key market trends, growth factors and opportunities
- 6.3.4.5.2. Market size and forecast, by Type
- 6.3.4.5.3. Market size and forecast, by Application
- 6.3.4.6. Rest of Europe
- 6.3.4.6.1. Key market trends, growth factors and opportunities
- 6.3.4.6.2. Market size and forecast, by Type
- 6.3.4.6.3. Market size and forecast, by Application
- 6.4. Asia-Pacific
- 6.4.1. Key trends and opportunities
- 6.4.2. Market size and forecast, by Type
- 6.4.3. Market size and forecast, by Application
- 6.4.4. Market size and forecast, by country
- 6.4.4.1. China
- 6.4.4.1.1. Key market trends, growth factors and opportunities
- 6.4.4.1.2. Market size and forecast, by Type
- 6.4.4.1.3. Market size and forecast, by Application
- 6.4.4.2. Japan
- 6.4.4.2.1. Key market trends, growth factors and opportunities
- 6.4.4.2.2. Market size and forecast, by Type
- 6.4.4.2.3. Market size and forecast, by Application
- 6.4.4.3. India
- 6.4.4.3.1. Key market trends, growth factors and opportunities
- 6.4.4.3.2. Market size and forecast, by Type
- 6.4.4.3.3. Market size and forecast, by Application
- 6.4.4.4. South Korea
- 6.4.4.4.1. Key market trends, growth factors and opportunities
- 6.4.4.4.2. Market size and forecast, by Type
- 6.4.4.4.3. Market size and forecast, by Application
- 6.4.4.5. Australia
- 6.4.4.5.1. Key market trends, growth factors and opportunities
- 6.4.4.5.2. Market size and forecast, by Type
- 6.4.4.5.3. Market size and forecast, by Application
- 6.4.4.6. Rest of Asia-Pacific
- 6.4.4.6.1. Key market trends, growth factors and opportunities
- 6.4.4.6.2. Market size and forecast, by Type
- 6.4.4.6.3. Market size and forecast, by Application
- 6.5. LAMEA
- 6.5.1. Key trends and opportunities
- 6.5.2. Market size and forecast, by Type
- 6.5.3. Market size and forecast, by Application
- 6.5.4. Market size and forecast, by country
- 6.5.4.1. Brazil
- 6.5.4.1.1. Key market trends, growth factors and opportunities
- 6.5.4.1.2. Market size and forecast, by Type
- 6.5.4.1.3. Market size and forecast, by Application
- 6.5.4.2. Morocco
- 6.5.4.2.1. Key market trends, growth factors and opportunities
- 6.5.4.2.2. Market size and forecast, by Type
- 6.5.4.2.3. Market size and forecast, by Application
- 6.5.4.3. South Africa
- 6.5.4.3.1. Key market trends, growth factors and opportunities
- 6.5.4.3.2. Market size and forecast, by Type
- 6.5.4.3.3. Market size and forecast, by Application
- 6.5.4.4. Argentina
- 6.5.4.4.1. Key market trends, growth factors and opportunities
- 6.5.4.4.2. Market size and forecast, by Type
- 6.5.4.4.3. Market size and forecast, by Application
- 6.5.4.5. Rest of LAMEA
- 6.5.4.5.1. Key market trends, growth factors and opportunities
- 6.5.4.5.2. Market size and forecast, by Type
- 6.5.4.5.3. Market size and forecast, by Application
CHAPTER 7: COMPETITIVE LANDSCAPE
- 7.1. Introduction
- 7.2. Top winning strategies
- 7.3. Product Mapping of Top 10 Player
- 7.4. Competitive Dashboard
- 7.5. Competitive Heatmap
- 7.6. Top player positioning, 2022
CHAPTER 8: COMPANY PROFILES
- 8.1. Shin Etsu
- 8.1.1. Company overview
- 8.1.2. Key Executives
- 8.1.3. Company snapshot
- 8.2. Wacker Chemie
- 8.2.1. Company overview
- 8.2.2. Key Executives
- 8.2.3. Company snapshot
- 8.3. Siltech Corporation
- 8.3.1. Company overview
- 8.3.2. Key Executives
- 8.3.3. Company snapshot
- 8.4. Elkem ASA
- 8.4.1. Company overview
- 8.4.2. Key Executives
- 8.4.3. Company snapshot
- 8.5. Momentive
- 8.5.1. Company overview
- 8.5.2. Key Executives
- 8.5.3. Company snapshot
- 8.6. Primasil Silicones
- 8.6.1. Company overview
- 8.6.2. Key Executives
- 8.6.3. Company snapshot
- 8.7. Dowdupont
- 8.7.1. Company overview
- 8.7.2. Key Executives
- 8.7.3. Company snapshot
- 8.8. Evonik
- 8.8.1. Company overview
- 8.8.2. Key Executives
- 8.8.3. Company snapshot
- 8.9. KCC Corporation
- 8.9.1. Company overview
- 8.9.2. Key Executives
- 8.9.3. Company snapshot
- 8.10. Henkel AG & Co
- 8.10.1. Company overview
- 8.10.2. Key Executives
- 8.10.3. Company snapshot