Product Code: r5587
“Automotive Silicone Market Global Market Report 2023 ” from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.
This report focuses on automotive silicone market market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
Reasons to Purchase
- Gain a truly global perspective with the most comprehensive report available on this market covering 50+ geographies.
- Understand how the market has been affected by the coronavirus and how it is responding as the impact of the virus abates.
- Assess the Russia - Ukraine war's impact on agriculture, energy and mineral commodity supply and its direct and indirect impact on the market.
- Measure the impact of high global inflation on market growth.
- Create regional and country strategies on the basis of local data and analysis.
- Identify growth segments for investment.
- Outperform competitors using forecast data and the drivers and trends shaping the market.
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- Benchmark performance against key competitors.
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- Report will be updated with the latest data and delivered to you within 3-5 working days of order along with an Excel data sheet for easy data extraction and analysis.
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Where is the largest and fastest growing market for automotive silicone market? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? “The automotive silicone market market global report ” from The Business Research Company answers all these questions and many more.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.
- The market characteristics section of the report defines and explains the market.
- The market size section gives the market size ($b) covering both the historic growth of the market, and forecasting its development.
- The forecasts are made after considering the major factors currently impacting the market. These include:
The impact of sanctions, supply chain disruptions, and altered demand for goods and services due to the Russian Ukraine war, impacting various macro-economic factors and parameters in the Eastern European region and its subsequent effect on global markets.
The impact of higher inflation in many countries and the resulting spike in interest rates.
The continued but declining impact of COVID-19 on supply chains and consumption patterns.
- Market segmentations break down the market into sub markets.
- The regional and country breakdowns section gives an analysis of the market in each geography and the size of the market by geography and compares their historic and forecast growth. It covers the growth trajectory of COVID-19 for all regions, key developed countries and major emerging markets.
- The competitive landscape chapter gives a description of the competitive nature of the market, market shares, and a description of the leading companies. Key financial deals which have shaped the market in recent years are identified.
- The trends and strategies section analyses the shape of the market as it emerges from the crisis and suggests how companies can grow as the market recovers.
Scope
Markets Covered:
- 1) By Type: Elastomers; Resins; Gels; Fluids
- 2) By Form: Sealant; Tape; Epoxy
- 3) By Application: Interior And Exterior; Engines; Electrical; Tires; Other Applications
- Companies Mentioned: Wacker Chemie; Evonik; Elkem Silicones; Dowdupont; Shin Etsu
- Countries: Australia; Brazil; China; France; Germany; India; Indonesia; Japan; Russia; South Korea; UK; USA
- Regions: Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa
- Time series: Five years historic and ten years forecast.
- Data: Ratios of market size and growth to related markets, GDP proportions, expenditure per capita,
- Data segmentations: country and regional historic and forecast data, market share of competitors, market segments.
- Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes.
- Delivery format: PDF, Word and Excel Data Dashboard.
Executive Summary
Major players in the automotive silicone market market are: Wacker Chemie, Evonik, Elkem Silicones, Dowdupont, Shin Etsu, Momentive Performance Materials, KCC Corporation, Henkel AG & Co, Siltech, Primasil Silicones, ACC Silicones Ltd , CSL Silicone Inc. , Rogers Corporation, Nusil, Bostik, and Laur Silicone, Inc.
The global automotive silicone market is expected to grow from $6.50 billion in 2022 to $7.01 billion in 2023 at a compound annual growth rate (CAGR) of 7.9%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The automotive silicone market is expected to reach $9.11 billion in 2027 at a CAGR of 6.7%.
The automotive silicone market consists of sales of fan coupling oil, viscous coupling oil, gaskets, and oil seals. Values in this market are 'factory gate' values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
An automotive silicone is a high-performance polymer with properties of both inorganic and organic compounds. It possesses a wide range of properties . It is utilised to enhance safety and reliability, as well as to make automobiles smaller, lighter, and more environmentally friendly.
Europe was the largest region in the automotive silicone market in 2022. The regions covered in the automotive silicone report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
The main type of automotive silicone are elastomers, resins, gels and fluids. A silicone resin is an inorganic polymer material that can be molded into fixed objects, films or filaments, such as coating layers over metal surfaces for corrosion prevention. They also have high levels of temperature resistance and intermolecular forces. The different forms are sealant, tape and epoxy, which are applied on interior and exterior, engines, electrical, tires and others.
The rising vehicle production is expected to drive the automotive silicon market. The growing economy and rising standard of living have changed the purchasing power. While the economic effect of COVID-19 has disrupted the way we live and move around the world, a new way of living is expected to emerge. With social distancing being the best line of defense against COVID-19, there is a sudden increased demand for personal mobility worldwide. Furthermore, climate warming and aspirations to achieve net-zero emissions are driving the global shift to emissions-free motoring. These adoptions also lead to increased production of EV and hybrid vehicles, a change from petroleum products to more locally produced power vehicles. Such a surge in demand for automotive has leads to increased production and demand for automotive silicon. For instance, In April 2022, In a report published by European Automobile Manufacturers Association, In 2021, 79.1 million motor vehicles were produced worldwide, a 1.3% increase over 2020. Additionally, according to the Global EV Outlook 2021, consumers spent USD 120 billion on electric vehicle purchases in 2020, a 50% increase over 2019. Therefore, growing automotive industry will boost the automotive silicone market.
Technological advancements is a key trend gaining popularity in automotive silicone market. Major companies operating in the inductor market are focused on developing new technological solutions to strengthen their position in the market. For instance, In January 2021, Shin-Etsu Chemical Co., ltd has developed a novel silicone thermal interface materials for EVs and HEVs named as TC-SET Series and TC-PEN Series. The TC-PEN Series realised roughly a 15% lower weight when compared to traditional products due to its very low density level obtained by applying our own unique technology, while still preserving the same level of heat conductivity properties and workability.Therefore, with technological advancements and innovations is a key then in the automotive silicone market.
In October 2021, Rogers Corporation, a Germany-based company involved in specialty engineered materials acquired Silicone Engineering Ltd. for an undisclosed amount. With this acquisition, Silicone Engineering expands Rogers' existing advanced silicones platform and provides Rogers a European Center to serve customers requiring premium silicone solutions for applications in the automotive, industrial, medical and other markets. Silicone Engineering Ltd is a UK-based manufacturer of silicone material solutions.
The countries covered in the automotive silicone Market market report are: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
The automotive silicone market research report is one of a series of new reports from The Business Research Company that provides automotive silicone market statistics, including automotive silicone industry global market size, regional shares, competitors with a automotive silicone market share, detailed automotive silicone market segments, market trends and opportunities, and any further data you may need to thrive in the automotive silicone industry. This automotive silicone market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.
Table of Contents
1. Executive Summary
2. Automotive Silicone Market Market Characteristics
3. Automotive Silicone Market Market Trends And Strategies
4. Automotive Silicone Market Market - Macro Economic Scenario
- 4.1. COVID-19 Impact On Automotive Silicone Market Market
- 4.2. Ukraine-Russia War Impact On Automotive Silicone Market Market
- 4.3. Impact Of High Inflation On Automotive Silicone Market Market
5. Automotive Silicone Market Market Size And Growth
- 5.1. Global Automotive Silicone Market Historic Market, 2017-2022, $ Billion
- 5.1.1. Drivers Of The Market
- 5.1.2. Restraints On The Market
- 5.2. Global Automotive Silicone Market Forecast Market, 2022-2027F, 2032F, $ Billion
- 5.2.1. Drivers Of The Market
- 5.2.2. Restraints On the Market
6. Automotive Silicone Market Market Segmentation
- 6.1. Global Automotive Silicone Market Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- Elastomers
- Resins
- Gels
- Fluids
- 6.2. Global Automotive Silicone Market Market, Segmentation By Form, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- Sealant
- Tape
- Epoxy
- 6.3. Global Automotive Silicone Market Market, Segmentation By Application, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- Interior And Exterior
- Engines
- Electrical
- Tires
- Other Applications
7. Automotive Silicone Market Market Regional And Country Analysis
- 7.1. Global Automotive Silicone Market Market, Split By Region, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 7.2. Global Automotive Silicone Market Market, Split By Country, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
8. Asia-Pacific Automotive Silicone Market Market
- 8.1. Asia-Pacific Automotive Silicone Market Market Overview
- Region Information, Impact Of COVID-19, Market Information, Background Information, Government Initiatives, Regulations, Regulatory Bodies, Major Associations, Taxes Levied, Corporate Tax Structure, Investments, Major Companies
- 8.2. Asia-Pacific Automotive Silicone Market Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 8.3. Asia-Pacific Automotive Silicone Market Market, Segmentation By Application, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
9. China Automotive Silicone Market Market
- 9.1. China Automotive Silicone Market Market Overview
- 9.2. China Automotive Silicone Market Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F,$ Billion
- 9.3. China Automotive Silicone Market Market, Segmentation By Application, Historic and Forecast, 2017-2022, 2022-2027F, 2032F,$ Billion
10. India Automotive Silicone Market Market
- 10.1. India Automotive Silicone Market Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 10.2. India Automotive Silicone Market Market, Segmentation By Application, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
11. Japan Automotive Silicone Market Market
- 11.1. Japan Automotive Silicone Market Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 11.2. Japan Automotive Silicone Market Market, Segmentation By Application, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
12. Australia Automotive Silicone Market Market
- 12.1. Australia Automotive Silicone Market Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 12.2. Australia Automotive Silicone Market Market, Segmentation By Application, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
13. Indonesia Automotive Silicone Market Market
- 13.1. Indonesia Automotive Silicone Market Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 13.2. Indonesia Automotive Silicone Market Market, Segmentation By Application, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
14. South Korea Automotive Silicone Market Market
- 14.1. South Korea Automotive Silicone Market Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 14.2. South Korea Automotive Silicone Market Market, Segmentation By Application, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
15. Western Europe Automotive Silicone Market Market
- 15.1. Western Europe Automotive Silicone Market Market Overview
- 15.2. Western Europe Automotive Silicone Market Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 15.3. Western Europe Automotive Silicone Market Market, Segmentation By Application, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
16. UK Automotive Silicone Market Market
- 16.1. UK Automotive Silicone Market Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 16.2. UK Automotive Silicone Market Market, Segmentation By Application, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
17. Germany Automotive Silicone Market Market
- 17.1. Germany Automotive Silicone Market Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 17.2. Germany Automotive Silicone Market Market, Segmentation By Application, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
18. France Automotive Silicone Market Market
- 18.1. France Automotive Silicone Market Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 18.2. France Automotive Silicone Market Market, Segmentation By Application, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
19. Eastern Europe Automotive Silicone Market Market
- 19.1. Eastern Europe Automotive Silicone Market Market Overview
- 19.2. Eastern Europe Automotive Silicone Market Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 19.3. Eastern Europe Automotive Silicone Market Market, Segmentation By Application, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
20. Russia Automotive Silicone Market Market
- 20.1. Russia Automotive Silicone Market Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 20.2. Russia Automotive Silicone Market Market, Segmentation By Application, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
21. North America Automotive Silicone Market Market
- 21.1. North America Automotive Silicone Market Market Overview
- 21.2. North America Automotive Silicone Market Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 21.3. North America Automotive Silicone Market Market, Segmentation By Application, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
22. USA Automotive Silicone Market Market
- 22.1. USA Automotive Silicone Market Market Overview
- 22.2. USA Automotive Silicone Market Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 22.3. USA Automotive Silicone Market Market, Segmentation By Application, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
23. South America Automotive Silicone Market Market
- 23.1. South America Automotive Silicone Market Market Overview
- 23.2. South America Automotive Silicone Market Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 23.3. South America Automotive Silicone Market Market, Segmentation By Application, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
24. Brazil Automotive Silicone Market Market
- 24.1. Brazil Automotive Silicone Market Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 24.2. Brazil Automotive Silicone Market Market, Segmentation By Application, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
25. Middle East Automotive Silicone Market Market
- 25.1. Middle East Automotive Silicone Market Market Overview
- 25.2. Middle East Automotive Silicone Market Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 25.3. Middle East Automotive Silicone Market Market, Segmentation By Application, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
26. Africa Automotive Silicone Market Market
- 26.1. Africa Automotive Silicone Market Market Overview
- 26.2. Africa Automotive Silicone Market Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 26.3. Africa Automotive Silicone Market Market, Segmentation By Application, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
27. Automotive Silicone Market Market Competitive Landscape And Company Profiles
- 27.1. Automotive Silicone Market Market Competitive Landscape
- 27.2. Automotive Silicone Market Market Company Profiles
- 27.2.1. Wacker Chemie
- 27.2.1.1. Overview
- 27.2.1.2. Products and Services
- 27.2.1.3. Strategy
- 27.2.1.4. Financial Performance
- 27.2.2. Evonik
- 27.2.2.1. Overview
- 27.2.2.2. Products and Services
- 27.2.2.3. Strategy
- 27.2.2.4. Financial Performance
- 27.2.3. Elkem Silicones
- 27.2.3.1. Overview
- 27.2.3.2. Products and Services
- 27.2.3.3. Strategy
- 27.2.3.4. Financial Performance
- 27.2.4. Dowdupont
- 27.2.4.1. Overview
- 27.2.4.2. Products and Services
- 27.2.4.3. Strategy
- 27.2.4.4. Financial Performance
- 27.2.5. Shin Etsu
- 27.2.5.1. Overview
- 27.2.5.2. Products and Services
- 27.2.5.3. Strategy
- 27.2.5.4. Financial Performance
28. Key Mergers And Acquisitions In The Automotive Silicone Market Market
29. Automotive Silicone Market Market Future Outlook and Potential Analysis
30. Appendix
- 30.1. Abbreviations
- 30.2. Currencies
- 30.3. Historic And Forecast Inflation Rates
- 30.4. Research Inquiries
- 30.5. The Business Research Company
- 30.6. Copyright And Disclaimer