Automotive Silicone Market analysis 2021 Challenges And Opportunities 2030

  Market Segmentation

The Market Research Future Report provides an inclusive segmental analysis of the automotive silicone market based on application and product. 

By product, the Automotive silicone market analysis is segmented into resins, adhesives and sealants, elastomers, and others. Of these, the elastomers segment will lead the market over the forecast period for its wide application in making wiper blades, hoses, gaskets, airbags, connector seals, plug boots, and others. This will be followed by the adhesives segment for its increasing use in automotive paints as fillers. It helps to improve the viscosity of the blend, thereby making it easier to apply the paint. 

By application, the automotive silicone market is segmented into the suspension system, engine and drive train system, electrical system, interior and exterior, and others. Of these, the interior and exterior segment will have a major share in the market over the forecast period. 

Regional Analysis

By region, the global automotive silicone market covers the growth opportunities and recent trends across Europe, North America, the Asia Pacific (APAC), Latin America, and the Middle East and Africa (MEA). Of these, the APAC region will spearhead the market over the forecast period for the increasing production & sales of automotive in this region. Besides, government regulations related to CO2 emission reduction and environmental protection, presence of leading automotive manufacturers in the region such as Hyundai, Ford, Nissan, Honda, and Toyota, and growing automotive industry in China, Japan, and India are also adding market growth. 

The global automotive silicone market in North America is predicted to have healthy growth over the forecast period. Factors propelling the global automotive silicone market growth in the region include consumers' high disposable income, burgeoning demand for fuel-efficient cars, and reviving automotive industry. 

The global automotive silicone market in Europe is predicted to have significant growth over the forecast period for the increased exportation and production of auto parts in the UK, Germany, and others. 

The global automotive silicone market in Latin America is predicted to have steady growth over the forecast period for rising production & sales of automotive, especially in Brazil. 

The global automotive silicone market in the MEA is predicted to have stable growth over the forecast period for the burgeoning demand for automotive. 

Market Analysis

The automotive silicone market is likely to grow at a notable CAGR between 2020- 2027, reveals the new Market Research Future (MRFR) report. Automotive silicone, simply put, is a rubber-like polymer that is heat-resistant and used to manufacture thermal and electrical insulation, sealants, lubricants, and adhesives. Silicone products are widely used in the automotive industry to improve comfort, safety, and reliability and make cars light in weight. Suspension system, engine and drive train system, electrical system, interior and exterior, and others are some of its key applications. 

Numerous factors are adding to the automotive silicone market demand. Such factors, as revealed by the latest MRFR report, include the growing automotive industry in the Asia Pacific region, burgeoning demand for lightweight and high-efficiency materials in the automotive industry, high disposable income, shifting trends of lifestyle, favoring government acts and regulations like Clean Water Act and Clean Air Act, and recent technological advancements like the convenient usage of silicone rubber with that of thermoplastics to offer lowered frictional coefficient and improvements in mar & scratch resistance. 

On the contrary, rising raw material prices and increasing use of electric cars are factors that may limit the automotive silicone market growth over the forecast period. 

Key Players

  • Wacker Chemie AG (Germany)
  • Dow Corning Corporation (U.S.)
  • Momentive (U.S.)
  • Elkem Silicone (U.S.)
  • Shin-Etsu Chemical Co. Ltd. (Japan)
  • Rogers Corporation (U.S.)
  • Nusil (U.S.)
  • Bostik (U.S.)
  • Evonik Industries AG (Germany)
  • KCC Corporation (South Korea)
  • ACC Silicones Ltd (U.K)
  • CSL Silicone Inc. (Canada)
  • Kaneka Corporation (Japan).

Browse More Related Reports:

https://www.marketresearchfuture.com/reports/ammonium-phosphate-market-5690 

https://www.marketresearchfuture.com/reports/hydrogel-market-4744 

https://www.marketresearchfuture.com/reports/aramid-fiber-market-5868 

 About Market Research Future:

Market Research Future (MRFR) is a global market research company that takes pride in its services, offering a complete and accurate analysis with regard to diverse markets and consumers worldwide. Market Research Future has the distinguished objective of providing the optimal quality research and granular research to clients. Our market research studies by products, services, technologies, applications, end users, and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help answer your most important questions.

Contact:

Market Research Future®

99 Hudson Street,5Th Floor

New York, New York 10013

United States of America

Phone:

+1 628 258 0071(US)

+44 2035 002 764(UK)

Email: sales@marketresearchfuture.com   

Comments

Post a Comment

Popular posts from this blog

Germany Polyarylsulfone Market | 2024: Production and Overview, Sales Revenue Forecast to 2032

 The Germany Polyarylsulfone (PAS) market stands at a significant juncture, poised for steady growth and innovation. Polyarylsulfones, a class of high-performance thermoplastics, have garnered attention across a spectrum of industries due to their exceptional properties such as high thermal stability, mechanical strength, and chemical resistance. Within Germany, this market segment is experiencing a surge driven by diverse factors including technological advancements, increasing demand from key end-user industries, and growing awareness regarding the benefits of these materials. One of the primary drivers behind the growth of the polyarylsulfone market in Germany is the robust demand from the healthcare sector. Polyarylsulfones find extensive applications in medical devices and equipment due to their biocompatibility, sterilizability, and resistance to various chemicals used in healthcare settings. With the aging population and rising healthcare expenditures in countries like the Un
Read more

Polyurethane Foam Market Exclusive Trends and Growth Opportunities Analysis to 2032

 The Polyurethane Foam Market has experienced significant growth in recent years, driven by its versatile properties and wide-ranging applications in industries such as construction, automotive, furniture, bedding, packaging, and electronics. Polyurethane foam is a type of synthetic foam that is produced by combining polyols and isocyanates. It is known for its exceptional cushioning, insulation, and structural properties. One of the key factors contributing to the growth of the polyurethane foam market is its extensive use in the construction industry. Polyurethane foam is widely used as insulation material in buildings and homes due to its excellent thermal insulation coatings efficiency and energy-saving properties. It helps in reducing heat transfer, maintaining indoor temperatures, and minimizing energy consumption for heating and cooling. Additionally, polyurethane foam is used for soundproofing applications, providing acoustic insulation and reducing noise transmission betwe
Read more

Structural Insulated Panels Market Latest Report on the Current Trends and Future Opportunities

 Introduction: The Structural Insulated Panels Market is experiencing rapid growth as a sustainable and energy-efficient solution in the construction industry. SIPs are prefabricated building panels consisting of a foam core sandwiched between two rigid facings, typically oriented strand board (OSB). This article explores the key trends driving the growth of the structural insulated panels market and their contribution to sustainable construction practices and energy efficiency. Increasing Emphasis on Energy Efficiency: One of the primary drivers of the structural insulated panels market is the growing emphasis on energy-efficient building solutions. SIPs offer superior thermal insulation properties compared to traditional construction materials. The foam core in SIPs provides excellent insulation, reducing heat transfer and minimizing energy-efficient windows consumption for heating and cooling. As energy efficiency regulations become more stringent and building owners prioritize
Read more