Global Automotive Silicone Market Growth 2023-2029

Global Automotive Silicone Market Growth 2023-2029

Silicone are one of the fastest growing products around the world and their demand in the automotive sector is expected to grow rapidly due to rising investment by the manufacturers in novel products and technologies.

LPI (LP Information)' newest research report, the “Automotive Silicone Industry Forecast” looks at past sales and reviews total world Automotive Silicone sales in 2022, providing a comprehensive analysis by region and market sector of projected Automotive Silicone sales for 2023 through 2029. With Automotive Silicone sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Automotive Silicone industry.

This Insight Report provides a comprehensive analysis of the global Automotive Silicone landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Automotive Silicone portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms' unique position in an accelerating global Automotive Silicone market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Automotive Silicone and breaks down the forecast by type, by application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Automotive Silicone.

The global Automotive Silicone market size is projected to grow from US$ 2033.9 million in 2022 to US$ 2708.4 million in 2029; it is expected to grow at a CAGR of 2708.4 from 2023 to 2029.

The demand in Europe is expected to witness a moderate growth with a CAGR of over 5.6% on account of slowdown in the automobile industry in this region. Germany has been spearheading the demand for automotive silicone in this region. The presence of a large number of automotive component manufacturers and its close proximity to Poland which is the biggest automobile market in Eastern Europe is likely to augment the demand in Germany.

The North American market is expected to grow at a slower pace due to sluggish passenger vehicle production in the region. The rise in imports from Asia Pacific and Europe is responsible for low growth rates in North America.

This report presents a comprehensive overview, market shares, and growth opportunities of Automotive Silicone market by product type, application, key manufacturers and key regions and countries.

Market Segmentation:

Segmentation by type
High Temperature Vulcanised (HTV)
Room Temperature Vulcanised (RTV)
Liquid Silicone Rubber (LSR)
Fluorosilicone Rubber (FSR)
High Consistency Silicone Rubber (HCR)
Silicone Gels

Segmentation by application
Passenger Cars
Light Commercial Vehicles
Heavy Commercial Vehicles

This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries

The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.
Dow Corning Corporation
Momentive Performance Materials
Shin-Etsu
Wacker Chemie
KCC Corporation
Reiss Manufacturing Inc.
Mesgo S.P.A
Specialty Silicone Products Inc.
Delphi
Zhejiang Xinan Chemical Industrial Group Co., Ltd.
India National Bluestar (Group) Co, Ltd.
GW Plastics

Key Questions Addressed in this Report

What is the 10-year outlook for the global Automotive Silicone market?

What factors are driving Automotive Silicone market growth, globally and by region?

Which technologies are poised for the fastest growth by market and region?

How do Automotive Silicone market opportunities vary by end market size?

How does Automotive Silicone break out type, application?

What are the influences of COVID-19 and Russia-Ukraine war?

Please note: The report will take approximately 2 business days to prepare and deliver.