Automotive Silicone Market Global Market Report 2024

Description

“Automotive Silicone Market Global Market Report 2024 ” 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 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.

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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 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.

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 AG; Evonik Industries; Elkem Silicones; Shin-Etsu Chemical Co. Ltd.; Momentive Inc.
Countries: Australia; Brazil; China; France; Germany; India; Indonesia; Japan; Russia; South Korea; UK; USA; Canada; Italy; Spain
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

Automotive silicone comprises high-performance polymers predominantly composed of siloxane, aimed at facilitating assembly processes while ensuring safety and quality throughout a vehicle's lifecycle. Its application spans improvements in safety, reliability, and the drive toward lighter, more compact, and environmentally friendly automobiles.

The primary types of automotive silicone encompass elastomers, resins, gels, and fluids. Elastomers represent polymers possessing both viscosity and elasticity. These materials are available in various forms such as sealants, tapes, and epoxies, utilized across a wide range of automotive applications including interior and exterior components, engines, electrical systems, tires, and other integral parts of vehicles.

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 an 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 scenarios of the industry.

The automotive silicone market size has grown strongly in recent years. It will grow from $6.99 billion in 2023 to $7.51 billion in 2024 at a compound annual growth rate (CAGR) of 7.5%. The historical growth in this sector can be primarily attributed to several key factors. These include the expansion of automotive manufacturing, the imposition of stringent emission standards necessitating innovation, a growing consumer demand for enhanced comfort in vehicles, the increasing trend towards vehicle electrification, and the escalating demands for superior performance and durability in automotive products.

The automotive silicone market size is expected to see strong growth in the next few years. It will grow to $10 billion in 2028 at a compound annual growth rate (CAGR) of 7.4%. The anticipated growth in the forecast period is expected due to several driving factors, including the transition towards electric and hybrid vehicles, ongoing advancements in lightweight materials, an increasing demand for advanced safety features in vehicles, the continual development of autonomous vehicle technology, and a heightened focus on environmental sustainability across the automotive industry.

Anticipated surges in the demand for fuel-efficient vehicles are projected to drive growth in the automotive silicone market. These vehicles, boasting superior mileage per gallon of fuel, benefit from automotive silicones that aid in reducing automobile weight. This reduction subsequently lowers pollutant emissions and enhances fuel efficiency. Notably, the Global EV Outlook report of May 2022 highlighted a substantial doubling of electric vehicle (EV) sales in 2021, reaching an unprecedented high of 6.6 million, further affirming this market trajectory.

The ascending trajectory of vehicle production is poised to propel the automotive silicone market. Vehicle manufacturing heavily relies on automotive silicones for sealing, bonding, and safeguarding electronic components due to their durability and heat resistance. Recent data from the Board of Governors of the Federal Reserve System in November 2023 highlighted a notable increase in total vehicle production in the United States, rising from 10.77 million units in June to 11.75 million units in July, underscoring the pivotal role of this market dynamic.

Innovation emerges as a significant trend fueling growth in the automotive silicone market. Companies within this industry are steadfastly developing advanced products to fortify their market positions. Notably, Dow's December 2022 launch of SILASTIC SA 994X Liquid silicone rubber (LSR) exemplifies this trend, offering a primer less, self-adhesive, one-to-one mix ratio LSR suitable for various automotive applications, showcasing a drive towards enhanced technological offerings.

Technological advancements in insulation covering materials represent a pivotal strategy adopted by major players within the automotive silicone market. These high-performance silicone-based solutions cater to electrical insulation and thermal management in automotive applications. For instance, the March 2023 development by Shin-Etsu Chemical Co. Ltd. of the KE-5641-U, specifically tailored for molding, serves as an exemplary insulation covering material for high-voltage cables in automobiles. Its superior insulation performance, coupled with enhanced cable flexibility and reduced weight due to thinner insulation layers, embodies the industry's pursuit of innovative solutions meeting stringent regulatory standards.

In October 2021, Rogers Corporation, a US-based specialist in engineered materials, completed the acquisition of Silicone Engineering Ltd. for an undisclosed sum. This strategic move bolsters Rogers' advanced silicone capabilities and establishes a European hub to cater to clients seeking high-end silicone solutions across Automotive, Industrial, Medical, and other sectors. The integration of Silicone Engineering into Rogers significantly fortifies the company's silicone offerings, empowering enhanced global customer service, particularly in its key markets. Silicone Engineering Ltd., situated in the UK, specializes in manufacturing silicone material solutions encompassing silicone rubber, sponge sheeting, and extrusions.

Major companies operating in the automotive silicone market report are Wacker Chemie AG, Evonik Industries, Elkem Silicones, Shin-Etsu Chemical Co. Ltd., Momentive Inc., KCC Corporation, Henkel AG & Co. KGaA, Siltech Corporation, Primasil Silicones, ACC Silicones Ltd., CSL Silicone Inc., Rogers Corporation, NuSil Technology LLC, Bostik, Laur Silicone Inc., DOWSIL, CHT Group, Silicones Emerald Performance Materials, GELEST INC., Jiangsu Mingzhu Silicone Rubber Material Co. Ltd., Kaneka Corporation, DuPont de Nemours Inc., ARCOSILICONE.COM, Simtec Systems GmbH, Vanguard Products Corporation, BJB Enterprises Inc., Klinger IGI Inc., Polymershapes, Wacker Chemical Corp., Teknowate, Tempron Products Corp.

Asia-Pacific was the largest region in the automotive silicone market in 2023. The regions covered in the automotive silicone market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa

The countries covered in the automotive silicone market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain

The automotive silicone market consists of sales of dimethyl silicone fluid, heat-resistant silicone fluids, carbinol-modified siloxanes, and silicone master pellets, and fluorosilicate. 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.

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.

Product Code: r11537

1. Executive Summary

2. Automotive Silicone Market Characteristics

3. Automotive Silicone Market Trends And Strategies

4. Automotive Silicone Market - Macro Economic Scenario

4.1. Impact Of High Inflation On the Market
4.2. Ukraine-Russia War Impact On the Market
4.3. COVID-19 Impact On the Market

5. Global Automotive Silicone Market Size and Growth

5.1. Global Automotive Silicone Market Drivers and Restraints
- 5.1.1. Drivers Of The Market
- 5.1.2. Restraints Of The Market
5.2. Global Automotive Silicone Market Historic Market Size and Growth, 2018 - 2023, Value ($ Billion)
5.3. Global Automotive Silicone Market Forecast Market Size and Growth, 2023 - 2028, 2033F, Value ($ Billion)

6. Automotive Silicone Market Segmentation

6.1. Global Automotive Silicone Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
Elastomers
Resins
Gels
Fluids
6.2. Global Automotive Silicone Market, Segmentation By Form, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
Sealant
Tape
Epoxy
6.3. Global Automotive Silicone Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
Interior and Exterior
Engines
Electrical
Tires
Other Applications

7. Automotive Silicone Market Regional And Country Analysis

7.1. Global Automotive Silicone Market, Split By Region, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
7.2. Global Automotive Silicone Market, Split By Country, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

8. Asia-Pacific Automotive Silicone Market

8.1. Asia-Pacific Automotive Silicone 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, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
8.3. Asia-Pacific Automotive Silicone Market, Segmentation By Form, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
8.4. Asia-Pacific Automotive Silicone Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

9. China Automotive Silicone Market

9.1. China Automotive Silicone Market Overview
9.2. China Automotive Silicone Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F,$ Billion
9.3. China Automotive Silicone Market, Segmentation By Form, Historic and Forecast, 2018-2023, 2023-2028F, 2033F,$ Billion
9.4. China Automotive Silicone Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F,$ Billion

10. India Automotive Silicone Market

10.1. India Automotive Silicone Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
10.2. India Automotive Silicone Market, Segmentation By Form, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
10.3. India Automotive Silicone Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

11. Japan Automotive Silicone Market

11.1. Japan Automotive Silicone Market Overview
11.2. Japan Automotive Silicone Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
11.3. Japan Automotive Silicone Market, Segmentation By Form, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
11.4. Japan Automotive Silicone Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

12. Australia Automotive Silicone Market

12.1. Australia Automotive Silicone Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
12.2. Australia Automotive Silicone Market, Segmentation By Form, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
12.3. Australia Automotive Silicone Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

13. Indonesia Automotive Silicone Market

13.1. Indonesia Automotive Silicone Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
13.2. Indonesia Automotive Silicone Market, Segmentation By Form, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
13.3. Indonesia Automotive Silicone Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

14. South Korea Automotive Silicone Market

14.1. South Korea Automotive Silicone Market Overview
14.2. South Korea Automotive Silicone Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
14.3. South Korea Automotive Silicone Market, Segmentation By Form, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
14.4. South Korea Automotive Silicone Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

15. Western Europe Automotive Silicone Market

15.1. Western Europe Automotive Silicone Market Overview
15.2. Western Europe Automotive Silicone Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
15.3. Western Europe Automotive Silicone Market, Segmentation By Form, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
15.4. Western Europe Automotive Silicone Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

16. UK Automotive Silicone Market

16.1. UK Automotive Silicone Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
16.2. UK Automotive Silicone Market, Segmentation By Form, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
16.3. UK Automotive Silicone Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

17. Germany Automotive Silicone Market

17.1. Germany Automotive Silicone Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
17.2. Germany Automotive Silicone Market, Segmentation By Form, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
17.3. Germany Automotive Silicone Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

18. France Automotive Silicone Market

18.1. France Automotive Silicone Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
18.2. France Automotive Silicone Market, Segmentation By Form, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
18.3. France Automotive Silicone Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

19. Italy Automotive Silicone Market

19.1. Italy Automotive Silicone Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
19.2. Italy Automotive Silicone Market, Segmentation By Form, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
19.3. Italy Automotive Silicone Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

20. Spain Automotive Silicone Market

20.1. Spain Automotive Silicone Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
20.2. Spain Automotive Silicone Market, Segmentation By Form, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
20.3. Spain Automotive Silicone Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

21. Eastern Europe Automotive Silicone Market

21.1. Eastern Europe Automotive Silicone Market Overview
21.2. Eastern Europe Automotive Silicone Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
21.3. Eastern Europe Automotive Silicone Market, Segmentation By Form, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
21.4. Eastern Europe Automotive Silicone Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

22. Russia Automotive Silicone Market

22.1. Russia Automotive Silicone Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
22.2. Russia Automotive Silicone Market, Segmentation By Form, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
22.3. Russia Automotive Silicone Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

23. North America Automotive Silicone Market

23.1. North America Automotive Silicone Market Overview
23.2. North America Automotive Silicone Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
23.3. North America Automotive Silicone Market, Segmentation By Form, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
23.4. North America Automotive Silicone Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

24. USA Automotive Silicone Market

24.1. USA Automotive Silicone Market Overview
24.2. USA Automotive Silicone Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
24.3. USA Automotive Silicone Market, Segmentation By Form, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
24.4. USA Automotive Silicone Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

25. Canada Automotive Silicone Market

25.1. Canada Automotive Silicone Market Overview
25.2. Canada Automotive Silicone Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
25.3. Canada Automotive Silicone Market, Segmentation By Form, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
25.4. Canada Automotive Silicone Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

26. South America Automotive Silicone Market

26.1. South America Automotive Silicone Market Overview
26.2. South America Automotive Silicone Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
26.3. South America Automotive Silicone Market, Segmentation By Form, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
26.4. South America Automotive Silicone Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

27. Brazil Automotive Silicone Market

27.1. Brazil Automotive Silicone Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
27.2. Brazil Automotive Silicone Market, Segmentation By Form, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
27.3. Brazil Automotive Silicone Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

28. Middle East Automotive Silicone Market

28.1. Middle East Automotive Silicone Market Overview
28.2. Middle East Automotive Silicone Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
28.3. Middle East Automotive Silicone Market, Segmentation By Form, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
28.4. Middle East Automotive Silicone Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

29. Africa Automotive Silicone Market

29.1. Africa Automotive Silicone Market Overview
29.2. Africa Automotive Silicone Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
29.3. Africa Automotive Silicone Market, Segmentation By Form, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
29.4. Africa Automotive Silicone Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

30. Automotive Silicone Market Competitive Landscape And Company Profiles

30.1. Automotive Silicone Market Competitive Landscape
30.2. Automotive Silicone Market Company Profiles
- 30.2.1. Wacker Chemise AG
  - 30.2.1.1. Overview
  - 30.2.1.2. Products and Services
  - 30.2.1.3. Strategy
  - 30.2.1.4. Financial Performance
- 30.2.2. Evonik Industries
  - 30.2.2.1. Overview
  - 30.2.2.2. Products and Services
  - 30.2.2.3. Strategy
  - 30.2.2.4. Financial Performance
- 30.2.3. Elkem Silicones
  - 30.2.3.1. Overview
  - 30.2.3.2. Products and Services
  - 30.2.3.3. Strategy
  - 30.2.3.4. Financial Performance
- 30.2.4. Shin-Etsu Chemical Co. Ltd.
  - 30.2.4.1. Overview
  - 30.2.4.2. Products and Services
  - 30.2.4.3. Strategy
  - 30.2.4.4. Financial Performance
- 30.2.5. Momentive Inc.
  - 30.2.5.1. Overview
  - 30.2.5.2. Products and Services
  - 30.2.5.3. Strategy
  - 30.2.5.4. Financial Performance

31. Global Automotive Silicone Market Competitive Benchmarking

32. Global Automotive Silicone Market Competitive Dashboard

33. Key Mergers And Acquisitions In The Automotive Silicone Market

34. Automotive Silicone Market Future Outlook and Potential Analysis

34.1 Automotive Silicone Market In 2028 - Countries Offering Most New Opportunities
34.2 Automotive Silicone Market In 2028 - Segments Offering Most New Opportunities
34.3 Automotive Silicone Market In 2028 - Growth Strategies
- 34.3.1 Market Trend Based Strategies
- 34.3.2 Competitor Strategies

35. Appendix

35.1. Abbreviations
35.2. Currencies
35.3. Historic And Forecast Inflation Rates
35.4. Research Inquiries
35.5. The Business Research Company
35.6. Copyright And Disclaimer