Global Automotive Silicone Materials
Market Report
2024
Automotive Silicone Materials materials market was valued at USD 1.80 billion in 2022 and is projected to reach USD 2.84 billion by 2030, registering a CAGR of 5.9 % for the forecast period 2023-2030.
The base year for the calculation is 2023 and 2019 to 2023 will be historical period. The year 2024 will be estimated one while the forecasted data will be from year 2025 to 2031. When we deliver the report that time we updated report data till the purchase date.
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The global Automotive Silicone Materials materials market was valued at USD 1.80 billion in 2022 and is projected to reach USD 2.84 billion by 2030, registering a CAGR of 5.9 % for the forecast period 2023-2030.
Base Year | 2023 |
Historical Data Time Period | 2019-2023 |
Forecast Period | 2024-2031 |
Global Automotive Silicone Materials Market Sales Revenue 2022 | $ 1.8 Billion |
Global Automotive Silicone Materials Market Sales Revenue 2030 | $ 2.84 Billion |
Global Automotive Silicone Materials Market Compound Annual Growth Rate (CAGR) for 2024 to 2031 | 5.9% |
Market Split by Product |
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Market Split by Application |
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List of Competitors |
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Regional Analysis |
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Country Analysis |
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Key Qualitative Information Covered |
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Automotive Silicone Materials Market is Segmented as below. Particular segment of your interest can be provided without any additional cost. Download the Sample Pages!
Automotive Silicone Materials is a type of silicone-based material specially designed for use in automotive applications. Silicone is a synthetic polymer composed of silicon, carbon, oxygen, and hydrogen. It is known for its exceptional heat resistance, wide operating range of temperatures, electrical insulation properties, and resistance to weathering and chemicals. These qualities make silicone ideal for various automotive applications, as it withstands the extreme temperatures, vibrations, and environmental conditions typically encountered in vehicles. Automotive Silicone Materials can be found in a wide range of automotive components and systems, including seals, hoses, wiring harnesses, gaskets, connectors, spark plug boots, and other transmission and engine parts.
The automotive industry is experiencing significant growth in vehicle production worldwide. Till March 2023, 75 % of the U.S. population reported having an approach to their own car, with an additional 20 % having access to a family or company car. As vehicles on the road increase, so does the demand for Automotive Silicone Materials. Silicone is used in various applications such as gaskets, wires, hoses, cables, and seals, which are essential components in modern vehicles. As the adoption of electric vehicles continues to rise, the demand for Automotive Silicone Materials is expected to increase.
Governments around the world are imposing strict regulations to reduce greenhouse gas emissions and improve fuel efficiency in vehicles. According to preliminary data, in 2020, the average fuel economy for light-duty vehicles increased to 25.7 miles per gallon (MPG). Silicone-based products, such as silicone elastomers and fluids, are used in engine components, electrical systems, and automotive gaskets to enhance performance, reduce friction, and withstand high temperatures. The demand for Automotive Silicone Materials is driven by the need to meet these regulatory standards.
As the automotive industry transitions to electric vehicles, the demand for traditional internal combustion engine components, including silicone-based products, may decrease. Silicone materials are commonly used in various automotive applications such as gaskets, seals, writing harnesses, and thermal management systems. However, EVs have a simpler design compared to conventional vehicles, leading to reduced reliance on some silicone-based components. For instance, EVs typically have fewer seals and gaskets due to the absence of oil and coolant systems. Thus, increasing demand for E-vehicles may hinder the Automotive Silicone Materials market to some extent.
COVID-19 led to disruptions in global supply chains, including the Automotive Silicone Materials market. Restrictions on transportation, temporary shutdowns of manufacturing facilities, and reduced workforce availability affected the production and distribution of Automotive Silicone Materials products. Due to lockdowns, social distancing measures, and reduced consumer demand, many automobile manufacturers had to halt or significantly reduce their production capacities. This decline in automotive production directly affected the demand for Automotive Silicone Materials, as it is primarily used in various automotive applications such as seals, gaskets, electrical components, and wiring harnesses. The pandemic also caused a shift in consumer behavior and priorities. Many people postponed their vehicle purchases, leading to a decrease in new car sales. This decline in automotive sales had a negative impact on the demand for Automotive Silicone Materials products.
With the easing of lockdowns and the gradual recovery of the automotive industry, the demand for Automotive Silicone Materials is expected to rebound. As the focus on autonomous vehicles continues to grow, the use of silicone-based products is likely to increase in the areas such as battery sealing, thermal management, and sensor protection.
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Dow launched a SILASTIC MS-5002 moldable silicon:
Dow launched a moldable silicone that decreases weight in contrast to plastic and glass. This silicon allows quicker throughput and decreases production idle time and surface degradation from the fouling of mold.
Wacker acquired a 60% stake in SICO Performance Material Co., Ltd. Jining (China):
This collaboration helped Wacker to expand its share of high-margin specialties in its silicone business and expand its products in Asia.
Top Companies Market Share in Automotive Silicone Materials Industry: (In no particular order of Rank)
If any Company(ies) of your interest has/have not been disclosed in the above list then please let us know the same so that we will check the data availability in our database and provide you the confirmation or include it in the final deliverables.
Asia Pacific was the dominating region of the Automotive Silicone Materials market in 2022. The cheap cost of raw materials and labor gives rise to the production of Automotive Silicone Materials in this region. Also, the increasing disposable income leads to an increasing standard of living which raises the demand for vehicles that use Automotive Silicone Materials. Thus, the increasing demand for vehicles in the region leads to the growth of the Automotive Silicone Materials market in this region.
The Europe region is expected to have significant growth over the forecast period due to the availability of many automotive component producers in the region and the increasing demand for silicone rubber.
The current report Scope analyzes Automotive Silicone Materials Market on 5 major region Split (In case you wish to acquire a specific region edition (more granular data) or any country Edition data then please write us on info@cognitivemarketresearch.com
The above graph is for illustrative purposes only. To learn more about geographical trends request the free sample pages. Contact US!
Global Automotive Silicone Materials Market Report 2024 Edition talks about crucial market insights with the help of segments and sub-segments analysis. In this section, we reveal an in-depth analysis of the key factors influencing Automotive Silicone Materials Industry growth. Automotive Silicone Materials market has been segmented with the help of its Product, Application , and others. Automotive Silicone Materials market analysis helps to understand key industry segments, and their global, regional, and country-level insights. Furthermore, this analysis also provides information pertaining to segments that are going to be most lucrative in the near future and their expected growth rate and future market opportunities. The report also provides detailed insights into factors responsible for the positive or negative growth of each industry segment.
On the basis of product, the Automotive Silicone Materials is segmented into adhesives & sealants, elastomers, fluids, gels, and resins.
The elastomer was the leading segment in 2022 in terms of revenue. Silicone elastomers offer additional stable performance and durability over a wide range of temperatures. As elastomers have properties of thermal resistance they are used to protect and insulate electronic equipment such as the protection of high voltage lines. Silicone elastomers have applications in bonding, sealing, insulation, and protection from various types of automotive fluids. Thus, various applications offered by elastomers in automotive, drive segmental growth.
The adhesives and sealants segment is anticipated to grow faster over the forecast period. Adhesives and sealants are considered lightweight methods for joining various parts such as plastic and composite parts. Other applications of the adhesives include sealing tubes of heat exchangers, sealing and potting of LEDs and electronics, sump covers, and gearbox gasketing. Thus, the high use of adhesives and sealants in vehicles may lead to the growth of the segment in the forecast period.
The above Chart is for representative purposes and does not depict actual sale statistics. Access/Request the quantitative data to understand the trends and dominating segment of Automotive Silicone Materials Industry. Request a Free Sample PDF!
By application, the market is bifurcated into engine & drive train systems, interior and exterior parts, suspension systems, electrical systems, and others.
The interior and exterior parts were the dominant market in 2022. Silicone-based seals and gaskets are widely used in interior and exterior parts of vehicles to provide effective sealing against air, water, and dust ingress. These components help ensure the integrity of various vehicle systems, such as doors, windows, sunroofs, and trunks. The demand for reliable and durable sealing solutions drives the adoption of Automotive Silicone Materials. Also, rising demand for exhaust hangers, hoses, and airbags, surges the growth of internal and external parts in the Automotive Silicone Materials market.
The electrical system segment is predicted to have the fastest growth rate during the forecast period of 2023 to 2030 due to its increasing applications in the protection of multi-layered steel gaskets from sticking to other metals and its property of elasticity which helps it in the adoption of the swapping thermal expansion coefficients.
The above Graph is for representation purposes only. This chart does not depict actual Market share. Please purchase the Automotive Silicone Materials market report 2024 Edition by contacting our team.
Research Analyst at Cognitive Market Research
I am a research analyst working in the Transport & Logistics domain, and my primary responsibility is to conduct thorough research on various subjects and provide valuable insights to support client requirements. I have knowledge of research methodologies, and data mining which enables me to analyze large data sets, draw meaningful conclusions, and communicate them effectively. I stay up-to-date with the latest research trends, methodologies, and technologies to ensure that my research is accurate, relevant, and impactful.
I am a research analyst working in various domains including the Consumer Goods domain, and my primary responsibility is to conduct thorough research on various subjects and provide valuable insights to support client requirements. I have knowledge of research methodologies, and data mining which enables me to analyze large data sets, draw meaningful conclusions, and communicate them effectively. I stay up-to-date with the latest research trends, methodologies, and technologies to ensure that my research is accurate, relevant, and impactful.
I am committed to continuous learning and staying abreast of emerging trends in research methodologies. Regular participation in workshops, webinars, and industry conferences ensures that my skills remain sharp and relevant. I spearheaded research initiatives focused on market trends, customer behavior, and competitive landscapes. I have a demonstrated ability to transform complex data sets into clear and concise narratives that inform key business strategies. Collaborating with cross-functional teams, I played a pivotal role in shaping successful projects that hinged on robust research and analysis.
Our study will explain complete manufacturing process along with major raw materials required to manufacture end-product. This report helps to make effective decisions determining product position and will assist you to understand opportunities and threats around the globe.
The Global Automotive Silicone Materials Market is witnessing significant growth in the near future.
In 2023, the Adhesives & Sealants segment accounted for noticeable share of global Automotive Silicone Materials Market and is projected to experience significant growth in the near future.
The Engine & Drive Train System segment is expected to expand at the significant CAGR retaining position throughout the forecast period.
Some of the key companies Basildon Chemicals , Permatex and others are focusing on its strategy building model to strengthen its product portfolio and expand its business in the global market.
Disclaimer:
Product | Adhesives & Sealants, Elastomers Fluids, Gels, Resins |
Application | Engine & Drive Train System, Interior And Exterior Parts, Suspension Systems, Electrical System, Others |
List of Competitors | Basildon Chemicals, Henkel AG & Co. KGaA, Permatex, 3M Company, CSL Silicones Inc., Elkem ASA, Laur Silic |
This chapter will help you gain GLOBAL Market Analysis of Automotive Silicone Materials. Further deep in this chapter, you will be able to review Global Automotive Silicone Materials Market Split by various segments and Geographical Split.
Chapter 1 Global Market Analysis
Global Market has been segmented on the basis 5 major regions such as North America, Europe, Asia-Pacific, Middle East & Africa, and Latin America.
You can purchase only the Executive Summary of Global Market (2019 vs 2024 vs 2031)
Global Market Dynamics, Trends, Drivers, Restraints, Opportunities, Only Pointers will be deliverable
Chapter 2 North America Market Analysis
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Qualitative Analysis for the North America Market: North America Automotive Silicone Materials Market Trends North America Automotive Silicone Materials Technological Road Map North America Automotive Silicone Materials Market Drivers North America Automotive Silicone Materials Market Restraints North America Automotive Silicone Materials Market Opportunity Market Attractiveness Analysis COVID – 19 Impact Analysis PESTEL Analysis Porter’s Five Forces Analysis Product Life Cycle Industrial Chain Analysis
You can purchase only the Executive Summary North America Market (2019 vs 2024 vs 2031)
Chapter 3 Europe Market Analysis
You can purchase only the Executive Summary Europe Market (2019 vs 2024 vs 2031)
Chapter 4 Asia-Pacific Market Analysis
You can purchase only the Executive Summary Asia Pacific Market (2019 vs 2024 vs 2031)
Chapter 5 South America Market Analysis
You can purchase only the Executive Summary South America Market (2019 vs 2024 vs 2031)
Chapter 6 Middle East and Africa Market Analysis
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Only Available with Corporate User License
Chapter 7 Top 10 Countries Analysis
Competitor's Market Share and Revenue (Subject to Data Availability for Private Players)
Chapter 8 Competitor Analysis (Subject to Data Availability (Private Players))
(Subject to Data Availability (Private Players))
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Chapter 9 Qualitative Analysis (Subject to Data Availability)
Segmentation Product Analysis 2019 -2031, will provide market size split by Product. This Information is provided at Global Level, Regional Level and Top Countries Level The report with the segmentation perspective mentioned under this chapters will be delivered to you On Demand. So please let us know if you would like to receive this additional data as well. No additional cost will be applicable for the same.
Chapter 10 Market Split by Product Analysis 2019 -2031
The report with the segmentation perspective mentioned under this chapters will be delivered to you On Demand. So please let us know if you would like to receive this additional data as well. No additional cost will be applicable for the same.
Chapter 11 Market Split by Application Analysis 2019 -2031
This chapter helps you understand the Key Takeaways and Analyst Point of View of the global Automotive Silicone Materials market
Chapter 12 Research Findings
Here the analyst will summarize the content of entire report and will share his view point on the current industry scenario and how the market is expected to perform in the near future. The points shared by the analyst are based on his/her detailed in-depth understanding of the market during the course of this report study. You will be provided exclusive rights to interact with the concerned analyst for unlimited time pre purchase as well as post purchase of the report.
Why Adhesives & Sealants have a significant impact on Automotive Silicone Materials market? |
What are the key factors affecting the Adhesives & Sealants and Elastomers Fluids of Automotive Silicone Materials Market? |
What is the CAGR/Growth Rate of Engine & Drive Train System during the forecast period? |
By type, which segment accounted for largest share of the global Automotive Silicone Materials Market? |
Which region is expected to dominate the global Automotive Silicone Materials Market within the forecast period? |
Segmentation Level Customization |
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Region level Data Customization |
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Country level Data Customization |
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Company Level |
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Additional Data Analysis |
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Additional Qualitative Data |
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Additional Quantitative Data |
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