Automotive Silicone Market

Automotive Silicone Market by Type (Elastomers, Resins, Gels, Fluids), Application (Interior & Exterior, Engines, Electrical, Tires) and Region (North America, Europe, Asia Pacific, Middle East & Africa, South America) - Global Forecast to 2028

Report Code: CH 6547 Jun, 2023, by marketsandmarkets.com

Updated on : June 27, 2024

Automotive Silicone Market

The global automotive silicone market was valued at USD 2.4 billion in 2023 and is projected to reach USD 3.4 billion by 2028, growing at 7.3% cagr from 2023 to 2028. Automotive silicone is indispensable in the industry, offering durable seals, reliable electrical insulation, and efficient thermal management. It enhances vehicle performance, component longevity, and customer satisfaction through its heat resistance and sealing capabilities..

Attractive Opportunities in the Automotive Silicone Market

Automotive Silicone Market

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Automotive Silicone Market

Automotive Silicone Market Dynamics

Driver: Growing automotive industry in Asia Pacific

The robust growth of the Asia Pacific automotive industry acts as a major catalyst for driving the expansion of the automotive silicone market. The region's rapid industrialization, urbanization, and improving consumer purchasing power have resulted in a surge in automotive demand. Countries such as China, Japan, India, and South Korea have experienced significant increases in vehicle production and sales, thereby creating favorable conditions for the automotive silicone market to thrive.

Furthermore, the Asia Pacific region is undergoing a significant transition towards more stringent environmental regulations and emission standards. Governments in countries like China and India are actively encouraging the widespread adoption of electric and hybrid vehicles as part of their efforts to mitigate pollution and decrease reliance on fossil fuels. This shift towards electric mobility presents a substantial opportunity for the automotive silicone market. Silicone materials play a crucial role in the production of various components for electric vehicles, including battery systems, charging infrastructure, and thermal management solutions. As the region's automotive industry increasingly embraces electric mobility, the demand for automotive silicone is set to surge.

Additionally, the expanding aftermarket for automotive components in the Asia Pacific region contributes to the growth of the automotive silicone market. The increasing vehicle parc and the need for replacement parts and maintenance create opportunities for silicone-based products. As the demand for quality and durable automotive components rises, silicone materials are increasingly preferred for their performance characteristics and long-term reliability.

Restraint: Growing use of electric vehicles

The growing adoption of electric vehicles, especially in the developed economies of Europe and North America, is restricting the growth of the automotive silicone market. Major players are expanding the production of electric vehicles to meet their rising demand. The electric vehicle models are becoming more affordable, which, in turn, fuels the adoption of these vehicles. The infrastructural developments related to electric vehicle charging stations have also been increasing and are often supported by local governments. This shift to the use of electric vehicles significantly impacts the growth of automotive silicone as the demand for engine components and drive transmission parts is reduced. Automotive silicone manufacturers are negatively impacted by the introduction of electric vehicles as the focus shifts from engine management, emission control, and fuel efficiency to battery-driven vehicles. Therefore, the increase in the adoption of electric vehicles is a major restraint in the growth of the automotive silicone market.

Opportunity: Advancements in automation driving technology

As vehicles become increasingly automated, a wide range of sensors, connectors, and electronic components are required to enable the functionality of autonomous systems. Silicone materials offer unique properties that make them well-suited for these critical applications.

One of the key advantages of silicone materials is their excellent electrical insulation properties. In autonomous vehicles, where numerous sensors and electronic components are integrated, effective insulation is crucial to ensure reliable signal transmission and prevent interference. Silicone materials provide high dielectric strength and low electrical conductivity, minimizing the risk of electrical failures or malfunctions in these sensitive systems.

Moreover, silicone materials offer exceptional temperature resistance, making them suitable for the demanding thermal environments found in autonomous vehicles. Components in close proximity to the engine, exhaust, or braking systems are exposed to high temperatures, and silicone's ability to withstand elevated heat without degradation ensures the long-term reliability and performance of these critical components.

Challenge: Supply chain challenges in automotive silicone market

The automotive silicone market supply chain involves multiple stakeholders, including raw material suppliers, silicone manufacturers, and distributors. Disruptions in any part of this supply chain can have significant consequences for the availability and timely delivery of silicone products to automotive manufacturers.

One of the key challenges is the limited availability of specific silicone grades. Different automotive applications may require specialized silicone formulations with specific properties or performance characteristics. If certain silicone grades are not readily available, it can lead to delays in production or compromise on the desired quality of automotive components.

Moreover, the automotive silicone market may face dependence on a few suppliers for critical raw materials or specialized silicone grades. This dependency increases the risk of supply chain disruptions if a supplier faces production issues, capacity constraints, or other unforeseen challenges. Any disruption in the supply chain can create delays, shortages, or increased costs, affecting the overall operations and growth of the market.

Automotive Silicone Market Ecosystem

Automotive Silicone Market Ecosystem

Source: Secondary Research, Interviews with Experts, and MarketsandMarkets Analysis

"Interior & exterior application was the largest segment for automotive silicone market in 2022, in terms of value."

Automotive silicone finds versatile application in interior and exterior automotive components. It is used in airbag covers and membranes, providing flexibility and durability for reliable safety deployment. Silicone exhaust hangers offer excellent heat resistance and vibration damping. Exterior trims benefit from silicone's weather resistance and aesthetic appeal. Headlamp seals ensure water and dust protection. Silicone hoses provide flexibility and resistance to extreme temperatures. Interior trims, shock absorbers, grommets, and membranes all benefit from silicone's reliable performance and longevity.

"Electrical application was the second largest application for automotive silicone market in 2022, in terms of value."

Automotive silicone is a vital component in the automotive electrical segment, providing reliable power transmission, exceptional damping, and insulation properties. It is extensively used in ignition cables, spark plug boots, and high-tension (HT) cables, ensuring seamless electrical connectivity and protection from heat and environmental elements. Automotive silicone enhances power transfer efficiency, optimizes electrical system performance, and safeguards against voltage disturbances or leakage. With its outstanding properties, automotive silicone is instrumental in maintaining dependable and efficient electrical systems, contributing to overall vehicle reliability and performance.

"Asia Pacific was the largest market for automotive silicone in 2022, in terms of value."

Asia Pacific was the largest market for global automotive silicone market, in terms of value, in 2022. China is the largest market in Asia Pacific. It is projected to witness the highest growth during the forecast period considering of high usage of automotive silicone in the region for various automotive  application.

Automotive Silicone Market by Region

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Automotive Silicone Market Players

The key players in this market The Dow Chemical Company (US), Wacker Chemie AG ( Germany), Momentive (US), Shin-Etsu Chemical Co. Ltd. (Japan), Elkem ASA (Norway), Evonik Industries AG (Germany), Gelest Inc.(US), Henkel (Germany), Primasil Silicones  (UK), and Slitch Corporation (Canada).Continuous developments in the market—including new product launches, mergers & acquisitions, agreements, and expansions—are expected to help the market grow. Leading manufacturers of automotive silicone have opted for new product launches to sustain their market position.

Automotive Silicone Market Report Scope

Report Metric

Details

Market Size Value in 2023

USD 2.4 billion

Revenue Forecast in 2028

USD 3.4 billion

CAGR

7.3%

Years considered for the study

2020-2028

Base Year

2022

Forecast period

2023–2028

Units considered

Volume (Kiloton); Value (USD Million/Billion)

Segments

Type, Application, and Region

Regions

Asia Pacific, North America, Europe, Middle East & Africa, and South America

Companies

The Dow Chemical Company (US), Wacker Chemie AG ( Germany), Momentive (US), Shin-Etsu Chemical Co. Ltd. (Japan), Elkem ASA (Norway), Evonik Industries AG (Germany), Gelest Inc.(US), Henkel (Germany), Primasil Silicones  (UK), and Slitch Corporation (Canada).

This report categorizes the global automotive silicone market based on type, application, and region.

Based on type, the automotive silicone market has been segmented as follows:
  • Elastomers
  • Gels
  • Resins
  • Fluids
Based on application, the automotive silicone market has been segmented as follows:
  • Interior & exterior
  • Engines
  • Electrical
  • Tires
Based on region, the automotive silicone market has been segmented as follows:
  • Asia Pacific
  • Europe
  • North America
  • Middle East & Africa
  • South America

Recent Developments

  • In March 2023, Shin-Etsu Chemical developed a silicone rubber formulation suitable for molding, specifically designed to serve as an ideal insulation covering material for high-voltage cables within automobiles
  • In December 2022, Dow launched liquid silicone rubber series, which can be used across multiple automotive applications such as connector seals, battery vent gaskets and radiator gasket seals for electric and hybrid vehicles, as well as environmental protection seals for autonomous vehicles’ lidar and radar housing
  • In May 2022,  Dow launched new SALISTIC MS-5002 moldable silicone. The product is Liquid Silicone Runner (LSR) and has very low mold fouling for faster cycle times. The product is used for high quality optics in automotive adaptive driving beam (ADB).
  • In July 2022, Wacker is undertaking a project to expand its site in Charleston and is preparing for the construction of new silicone production facilities. The estimated capital expenditures for the extensive expansion project, which is expected to span multiple years, surpass the amount of USD200 million
  • In July 2022, In Panagarh, India, Wacker has inaugurated a newly established production facility for silicones. This plant will specialize in the manufacturing of silicone rubber and ready-to-use silicone compounds intended for applications in electromobility, medical technology, and electrical transmission and distribution
  • In october 2022, Dow launched world’s first recyclable silicone self-sealing tire solution. This new solution has been successfully utilized in Bridgestone’s released B-SEALS, a recyclable tire sealant technology. 

Frequently Asked Questions (FAQ):

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TABLE OF CONTENTS
 
1 INTRODUCTION (Page No. - 25)
    1.1 STUDY OBJECTIVES 
    1.2 MARKET DEFINITION 
           1.2.1 INCLUSIONS & EXCLUSIONS
    1.3 MARKET SCOPE 
    1.4 REGIONS COVERED 
           1.4.1 YEARS CONSIDERED
    1.5 CURRENCY CONSIDERED 
    1.6 UNIT CONSIDERED 
    1.7 STAKEHOLDERS 
    1.8 SUMMARY OF CHANGES 
 
2 RESEARCH METHODOLOGY (Page No. - 29)
    2.1 RESEARCH DATA 
          FIGURE 1 AUTOMOTIVE SILICONE MARKET: RESEARCH DESIGN
           2.1.1 SECONDARY DATA
                    2.1.1.1 Key data from secondary sources
           2.1.2 PRIMARY DATA
                    2.1.2.1 Key data from primary sources
                    2.1.2.2 Breakdown of primary interviews
    2.2 MARKET SIZE ESTIMATION 
           2.2.1 BOTTOM-UP APPROACH
                    FIGURE 2 AUTOMOTIVE SILICONE MARKET: BOTTOM-UP APPROACH
           2.2.2 TOP-DOWN APPROACH
                    FIGURE 3 AUTOMOTIVE SILICONE MARKET: TOP-DOWN APPROACH
    2.3 DATA TRIANGULATION 
          FIGURE 4 AUTOMOTIVE SILICONE MARKET: DATA TRIANGULATION
    2.4 FACTOR ANALYSIS 
    2.5 ASSUMPTIONS 
 
3 EXECUTIVE SUMMARY (Page No. - 36)
    FIGURE 5 ELECTRICAL APPLICATION TO WITNESS FASTEST GROWTH BETWEEN  2023 AND 2028
    FIGURE 6 ASIA PACIFIC LED AUTOMOTIVE SILICONE MARKET IN 2022
 
4 PREMIUM INSIGHTS (Page No. - 38)
    4.1 SIGNIFICANT OPPORTUNITIES FOR PLAYERS IN AUTOMOTIVE SILICONE MARKET 
          FIGURE 7 HIGH GROWTH POTENTIAL IN ASIA PACIFIC TO DRIVE MARKET
    4.2 ASIA PACIFIC: AUTOMOTIVE SILICONE MARKET, BY APPLICATION AND COUNTRY, 2022 
          FIGURE 8 INTERIOR & EXTERIOR APPLICATION DOMINATED MARKET IN ASIA PACIFIC
    4.3 AUTOMOTIVE SILICONE MARKET, BY APPLICATION 
          FIGURE 9 INTERIOR & EXTERIOR APPLICATION TO LEAD AUTOMOTIVE SILICONE MARKET DURING FORECAST PERIOD
    4.4 AUTOMOTIVE SILICONE MARKET, BY COUNTRY 
          FIGURE 10 CHINA TO BE FASTEST-GROWING AUTOMOTIVE SILICONE MARKET
 
5 MARKET OVERVIEW (Page No. - 40)
    5.1 INTRODUCTION 
    5.2 MARKET DYNAMICS 
          FIGURE 11 DRIVERS, RESTRAINTS, CHALLENGES, AND OPPORTUNITIES IN AUTOMOTIVE SILICONE MARKET
           5.2.1 DRIVERS
                    5.2.1.1 Growing automotive industry in Asia Pacific
                    5.2.1.2 Increasing demand for high-efficiency and lightweight materials in automotive industry
                    5.2.1.3 Superior properties of silicone
           5.2.2 RESTRAINTS
                    5.2.2.1 Growing use of electric vehicles
           5.2.3 OPPORTUNITIES
                    5.2.3.1 High growth opportunities in emerging economies of Asia Pacific
                    5.2.3.2 Growing demand in transportation industry
                    5.2.3.3 Advancements in autonomous driving technology
           5.2.4 CHALLENGES
                    5.2.4.1 Fluctuating raw material prices
                    5.2.4.2 Supply chain challenges in automotive silicone market
    5.3 PORTER’S FIVE FORCES ANALYSIS 
          FIGURE 12 PORTER’S FIVE FORCES ANALYSIS
           5.3.1 BARGAINING POWER OF SUPPLIERS
           5.3.2 BARGAINING POWER OF BUYERS
           5.3.3 THREAT OF SUBSTITUTES
           5.3.4 THREAT OF NEW ENTRANTS
           5.3.5 INTENSITY OF COMPETITIVE RIVALRY
                    TABLE 1 AUTOMOTIVE SILICONE MARKET: PORTER’S FIVE FORCES ANALYSIS
    5.4 VALUE CHAIN ANALYSIS 
           5.4.1 RAW MATERIAL SUPPLIERS
           5.4.2 MANUFACTURERS
           5.4.3 DISTRIBUTORS
           5.4.4 END CONSUMERS
                    FIGURE 13 VALUE CHAIN ANALYSIS
    5.5 MACROECONOMIC ANALYSIS 
          TABLE 2 PROJECTED REAL GDP GROWTH (ANNUAL PERCENT CHANGE) OF  KEY COUNTRIES, 2018–2025
    5.6 ECONOMIC RECESSION ASSESSMENT 
           5.6.1 TRENDS IN AUTOMOTIVE INDUSTRY
                    TABLE 3 VEHICLE PRODUCTION STATISTICS, BY COUNTRY, 2021–2022 (UNITS)
 
6 AUTOMOTIVE SILICONE MARKET, BY APPLICATION (Page No. - 51)
    6.1 INTRODUCTION 
          FIGURE 14 INTERIOR & EXTERIOR APPLICATION SEGMENT TO ACCOUNT FOR LARGEST MARKET SIZE DURING FORECAST PERIOD
          TABLE 4 AUTOMOTIVE SILICONE MARKET, BY APPLICATION, 2019–2022 (KILOTON)
          TABLE 5 AUTOMOTIVE SILICONE MARKET, BY APPLICATION, 2023–2028 (KILOTON)
          TABLE 6 AUTOMOTIVE SILICONE MARKET, BY APPLICATION, 2019–2022 (USD MILLION)
          TABLE 7 AUTOMOTIVE SILICONE MARKET, BY APPLICATION, 2023–2028 (USD MILLION)
    6.2 INTERIOR & EXTERIOR 
           6.2.1 HEAT RESISTANCE PROPERTY OF SILICONE TO DRIVE ITS USE
           6.2.2 AIRBAGS
           6.2.3 EXHAUST HANGERS
           6.2.4 EXTERIOR TRIMS
           6.2.5 HEADLAMPS
           6.2.6 HOSES
           6.2.7 INTERIOR TRIMS
           6.2.8 MEMBRANES
           6.2.9 SHOCK ABSORBERS
           6.2.10 GROMMETS
    6.3 ENGINES 
           6.3.1 SEALING AND BONDING PROPERTIES OF SILICONE TO DRIVE ITS USE
           6.3.2 SEALING, POTTING & BONDING
           6.3.3 FILTRATION
           6.3.4 GASKETS
           6.3.5 RADIATOR SEALS
           6.3.6 VIBRATION DAMPENING
    6.4 ELECTRICAL 
           6.4.1 DAMPING AND INSULATION PROPERTIES TO MAKE SILICONE FAVORABLE FOR USE IN ELECTRICAL CONNECTIONS
           6.4.2 POWER TRANSMISSION
           6.4.3 DAMPING & INSULATION
           6.4.4 IGNITION CABLES
           6.4.5 SPARK PLUG BOOTS
           6.4.6 HT CABLES
    6.5 TIRES 
           6.5.1 SEMI-PERMANENT FORMULATIONS OF SILICONE FILMS TO DRIVE THEIR APPLICATION
    6.6 OTHERS 
 
7 AUTOMOTIVE SILICONE MARKET, BY TYPE (Page No. - 59)
    7.1 INTRODUCTION 
    7.2 ELASTOMERS 
    7.3 RESINS 
    7.4 GELS 
    7.5 FLUIDS 
 
8 AUTOMOTIVE SILICONE MARKET, BY REGION (Page No. - 61)
    8.1 INTRODUCTION 
          FIGURE 15 ASIA PACIFIC TO ACCOUNT FOR LARGEST SHARE IN GLOBAL AUTOMOTIVE SILICONE MARKET
          TABLE 8 AUTOMOTIVE SILICONE MARKET, BY REGION, 2019–2022 (KILOTON)
          TABLE 9 AUTOMOTIVE SILICONE MARKET, BY REGION, 2023–2028 (KILOTON)
          TABLE 10 AUTOMOTIVE SILICONE MARKET, BY REGION, 2019–2022 (USD MILLION)
          TABLE 11 AUTOMOTIVE SILICONE MARKET, BY REGION, 2023–2028 (USD MILLION)
    8.2 NORTH AMERICA 
          FIGURE 16 NORTH AMERICA: AUTOMOTIVE SILICONE MARKET SNAPSHOT
          TABLE 12 NORTH AMERICA: AUTOMOTIVE SILICONE MARKET, BY COUNTRY, 2019–2022 (KILOTON)
          TABLE 13 NORTH AMERICA: AUTOMOTIVE SILICONE MARKET, BY COUNTRY, 2023–2028 (KILOTON)
          TABLE 14 NORTH AMERICA: AUTOMOTIVE SILICONE MARKET, BY COUNTRY,  2019–2022 (USD MILLION)
          TABLE 15 NORTH AMERICA: AUTOMOTIVE SILICONE MARKET, BY COUNTRY,  2023–2028 (USD MILLION)
          TABLE 16 NORTH AMERICA: AUTOMOTIVE SILICONE MARKET, BY APPLICATION,  2019–2022 (KILOTON)
          TABLE 17 NORTH AMERICA: AUTOMOTIVE SILICONE MARKET, BY APPLICATION,  2023–2028 (KILOTON)
          TABLE 18 NORTH AMERICA: AUTOMOTIVE SILICONE MARKET, BY APPLICATION,  2019–2022 (USD MILLION)
          TABLE 19 NORTH AMERICA: AUTOMOTIVE SILICONE MARKET, BY APPLICATION,  2023–2028 (USD MILLION)
           8.2.1 RECESSION IMPACT
           8.2.2 US
                    8.2.2.1 Demand to decline due to growing market maturity
                                TABLE 20 US: AUTOMOTIVE SILICONE MARKET, BY APPLICATION, 2019–2022 (KILOTON)
                                TABLE 21 US: AUTOMOTIVE SILICONE MARKET, BY APPLICATION, 2023–2028 (KILOTON)
                                TABLE 22 US: AUTOMOTIVE SILICONE MARKET, BY APPLICATION, 2019–2022 (USD MILLION)
                                TABLE 23 US: AUTOMOTIVE SILICONE MARKET, BY APPLICATION, 2023–2028 (USD MILLION)
           8.2.3 CANADA
                    8.2.3.1 Robust automotive manufacturing and presence of key automotive manufacturers to drive growth
                                TABLE 24 CANADA: AUTOMOTIVE SILICONE MARKET, BY APPLICATION, 2019–2022 (KILOTON)
                                TABLE 25 CANADA: AUTOMOTIVE SILICONE MARKET, BY APPLICATION, 2023–2028 (KILOTON)
                                TABLE 26 CANADA: AUTOMOTIVE SILICONE MARKET, BY APPLICATION, 2019–2022 (USD MILLION)
                                TABLE 27 CANADA: AUTOMOTIVE SILICONE MARKET, BY APPLICATION, 2023–2028 (USD MILLION)
           8.2.4 MEXICO
                    8.2.4.1 Significant government investments in automotive industry to drive market
                                TABLE 28 MEXICO: AUTOMOTIVE SILICONE MARKET, BY APPLICATION, 2019–2022 (KILOTON)
                                TABLE 29 MEXICO: AUTOMOTIVE SILICONE MARKET, BY APPLICATION, 2023–2028 (KILOTON)
                                TABLE 30 MEXICO: AUTOMOTIVE SILICONE MARKET, BY APPLICATION, 2019–2022 (USD MILLION)
                                TABLE 31 MEXICO: AUTOMOTIVE SILICONE MARKET, BY APPLICATION, 2023–2028 (USD MILLION)
    8.3 EUROPE 
          FIGURE 17 EUROPE: AUTOMOTIVE SILICONE MARKET SNAPSHOT
          TABLE 32 EUROPE: AUTOMOTIVE SILICONE MARKET, BY COUNTRY, 2019–2022 (KILOTON)
          TABLE 33 EUROPE: AUTOMOTIVE SILICONE MARKET, BY COUNTRY, 2023–2028 (KILOTON)
          TABLE 34 EUROPE: AUTOMOTIVE SILICONE MARKET, BY COUNTRY, 2019–2022 (USD MILLION)
          TABLE 35 EUROPE: AUTOMOTIVE SILICONE MARKET, BY COUNTRY, 2023–2028 (USD MILLION)
          TABLE 36 EUROPE: AUTOMOTIVE SILICONE MARKET, BY APPLICATION, 2019–2022 (KILOTON)
          TABLE 37 EUROPE: AUTOMOTIVE SILICONE MARKET, BY APPLICATION, 2023–2028 (KILOTON)
          TABLE 38 EUROPE: AUTOMOTIVE SILICONE MARKET, BY APPLICATION, 2019–2022 (USD MILLION)
          TABLE 39 EUROPE: AUTOMOTIVE SILICONE MARKET, BY APPLICATION, 2023–2028 (USD MILLION)
           8.3.1 RECESSION IMPACT
           8.3.2 GERMANY
                    8.3.2.1 Demand to grow in automotive electronics segment
                                TABLE 40 GERMANY: AUTOMOTIVE SILICONE MARKET, BY APPLICATION, 2019–2022 (KILOTON)
                                TABLE 41 GERMANY: AUTOMOTIVE SILICONE MARKET, BY APPLICATION, 2023–2028 (KILOTON)
                                TABLE 42 GERMANY: AUTOMOTIVE SILICONE MARKET, BY APPLICATION,  2019–2022 (USD MILLION)
                                TABLE 43 GERMANY: AUTOMOTIVE SILICONE MARKET, BY APPLICATION,  2023–2028 (USD MILLION)
           8.3.3 FRANCE
                    8.3.3.1 Steady growth in automotive manufacturing to drive demand
                                TABLE 44 FRANCE: AUTOMOTIVE SILICONE MARKET, BY APPLICATION, 2019–2022 (KILOTON)
                                TABLE 45 FRANCE: AUTOMOTIVE SILICONE MARKET, BY APPLICATION, 2023–2028 (KILOTON)
                                TABLE 46 FRANCE: AUTOMOTIVE SILICONE MARKET, BY APPLICATION, 2019–2022 (USD MILLION)
                                TABLE 47 FRANCE: AUTOMOTIVE SILICONE MARKET, BY APPLICATION, 2023–2028 (USD MILLION)
           8.3.4 UK
                    8.3.4.1 Presence of luxury car manufacturers to drive demand for automotive silicones
                                TABLE 48 UK: AUTOMOTIVE SILICONE MARKET, BY APPLICATION, 2019–2022 (KILOTON)
                                TABLE 49 UK: AUTOMOTIVE SILICONE MARKET, BY APPLICATION, 2023–2028 (KILOTON)
                                TABLE 50 UK: AUTOMOTIVE SILICONE MARKET, BY APPLICATION, 2019–2022 (USD MILLION)
                                TABLE 51 UK: AUTOMOTIVE SILICONE MARKET, BY APPLICATION, 2023–2028 (USD MILLION)
           8.3.5 ITALY
                    8.3.5.1 Rebound of automotive manufacturing sector favorable for market growth
                                TABLE 52 ITALY: AUTOMOTIVE SILICONE MARKET, BY APPLICATION, 2019–2022 (KILOTON)
                                TABLE 53 ITALY: AUTOMOTIVE SILICONE MARKET, BY APPLICATION, 2023–2028 (KILOTON)
                                TABLE 54 ITALY: AUTOMOTIVE SILICONE MARKET, BY APPLICATION, 2019–2022 (USD MILLION)
                                TABLE 55 ITALY: AUTOMOTIVE SILICONE MARKET, BY APPLICATION, 2023–2028 (USD MILLION)
           8.3.6 SPAIN
                    8.3.6.1 Immense growth potential of automotive industry lucrative for market growth
                                TABLE 56 SPAIN: AUTOMOTIVE SILICONE MARKET, BY APPLICATION, 2019–2022 (KILOTON)
                                TABLE 57 SPAIN: AUTOMOTIVE SILICONE MARKET, BY APPLICATION, 2023–2028 (KILOTON)
                                TABLE 58 SPAIN: AUTOMOTIVE SILICONE MARKET, BY APPLICATION, 2019–2022 (USD MILLION)
                                TABLE 59 SPAIN: AUTOMOTIVE SILICONE MARKET, BY APPLICATION, 2023–2028 (USD MILLION)
           8.3.7 REST OF EUROPE
                    TABLE 60 REST OF EUROPE: AUTOMOTIVE SILICONE MARKET, BY APPLICATION,  2019–2022 (KILOTON)
                    TABLE 61 REST OF EUROPE: AUTOMOTIVE SILICONE MARKET, BY APPLICATION,  2023–2028 (KILOTON)
                    TABLE 62 REST OF EUROPE: AUTOMOTIVE SILICONE MARKET, BY APPLICATION,  2019–2022 (USD MILLION)
                    TABLE 63 REST OF EUROPE: AUTOMOTIVE SILICONE MARKET, BY APPLICATION,  2023–2028 (USD MILLION)
    8.4 ASIA PACIFIC 
          FIGURE 18 ASIA PACIFIC: AUTOMOTIVE SILICONE MARKET SNAPSHOT
                    TABLE 64 ASIA PACIFIC: AUTOMOTIVE SILICONE MARKET, BY COUNTRY, 2019–2022 (KILOTON)
                    TABLE 65 ASIA PACIFIC: AUTOMOTIVE SILICONE MARKET, BY COUNTRY, 2023–2028 (KILOTON)
                    TABLE 66 ASIA PACIFIC: AUTOMOTIVE SILICONE MARKET, BY COUNTRY, 2019–2022 (USD MILLION)
                    TABLE 67 ASIA PACIFIC: AUTOMOTIVE SILICONE MARKET, BY COUNTRY, 2023–2028 (USD MILLION)
                    TABLE 68 ASIA PACIFIC: AUTOMOTIVE SILICONE MARKET, BY APPLICATION, 2019–2022 (KILOTON)
                    TABLE 69 ASIA PACIFIC: AUTOMOTIVE SILICONE MARKET, BY APPLICATION, 2023–2028 (KILOTON)
                    TABLE 70 ASIA PACIFIC: AUTOMOTIVE SILICONE MARKET, BY APPLICATION,  2019–2022 (USD MILLION)
                    TABLE 71 ASIA PACIFIC: AUTOMOTIVE SILICONE MARKET, BY APPLICATION,  2023–2028 (USD MILLION)
           8.4.1 RECESSION IMPACT
           8.4.2 CHINA
                    8.4.2.1 Availability of cheap raw materials and moderately stringent regulatory framework to drive market
                                TABLE 72 CHINA: AUTOMOTIVE SILICONE MARKET, BY APPLICATION, 2019–2022 (KILOTON)
                                TABLE 73 CHINA: AUTOMOTIVE SILICONE MARKET, BY APPLICATION, 2023–2028 (KILOTON)
                                TABLE 74 CHINA: AUTOMOTIVE SILICONE MARKET, BY APPLICATION, 2019–2022 (USD MILLION)
                                TABLE 75 CHINA: AUTOMOTIVE SILICONE MARKET, BY APPLICATION, 2023–2028 (USD MILLION)
           8.4.3 JAPAN
                    8.4.3.1 Increasing demand for automotive electronics to drive market
                                TABLE 76 JAPAN: AUTOMOTIVE SILICONE MARKET, BY APPLICATION, 2019–2022 (KILOTON)
                                TABLE 77 JAPAN: AUTOMOTIVE SILICONE MARKET, BY APPLICATION, 2023–2028 (KILOTON)
                                TABLE 78 JAPAN: AUTOMOTIVE SILICONE MARKET, BY APPLICATION, 2019–2022 (USD MILLION)
                                TABLE 79 JAPAN: AUTOMOTIVE SILICONE MARKET, BY APPLICATION, 2023–2028 (USD MILLION)
           8.4.4 INDIA
                    8.4.4.1 Favorable location for low-cost automotive manufacturing
                                TABLE 80 INDIA: AUTOMOTIVE SILICONE MARKET, BY APPLICATION, 2019–2022 (KILOTON)
                                TABLE 81 INDIA: AUTOMOTIVE SILICONE MARKET, BY APPLICATION, 2023–2028 (KILOTON)
                                TABLE 82 INDIA: AUTOMOTIVE SILICONE MARKET, BY APPLICATION, 2019–2022 (USD MILLION)
                                TABLE 83 INDIA: AUTOMOTIVE SILICONE MARKET, BY APPLICATION, 2023–2028 (USD MILLION)
           8.4.5 SOUTH KOREA
                    8.4.5.1 Development in automotive manufacturing industry to drive demand
                                TABLE 84 SOUTH KOREA: AUTOMOTIVE SILICONE MARKET, BY APPLICATION,  2019–2022 (KILOTON)
                                TABLE 85 SOUTH KOREA: AUTOMOTIVE SILICONE MARKET, BY APPLICATION,  2023–2028 (KILOTON)
                                TABLE 86 SOUTH KOREA: AUTOMOTIVE SILICONE MARKET, BY APPLICATION,  2019–2022 (USD MILLION)
                                TABLE 87 SOUTH KOREA: AUTOMOTIVE SILICONE MARKET, BY APPLICATION,  2023–2028 (USD MILLION)
           8.4.6 REST OF ASIA PACIFIC
                    TABLE 88 REST OF ASIA PACIFIC: AUTOMOTIVE SILICONE MARKET, BY APPLICATION,  2019–2022 (KILOTON)
                    TABLE 89 REST OF ASIA PACIFIC: AUTOMOTIVE SILICONE MARKET, BY APPLICATION,  2023–2028 (KILOTON)
                    TABLE 90 REST OF ASIA PACIFIC: AUTOMOTIVE SILICONE MARKET, BY APPLICATION,  2019–2022 (USD MILLION)
                    TABLE 91 REST OF ASIA PACIFIC: AUTOMOTIVE SILICONE MARKET, BY APPLICATION,  2023–2028 (USD MILLION)
    8.5 MIDDLE EAST & AFRICA 
          TABLE 92 MIDDLE EAST & AFRICA: AUTOMOTIVE SILICONE MARKET, BY COUNTRY,  2019–2022 (KILOTON)
          TABLE 93 MIDDLE EAST & AFRICA: AUTOMOTIVE SILICONE MARKET, BY COUNTRY,  2023–2028 (KILOTON)
          TABLE 94 MIDDLE EAST & AFRICA: AUTOMOTIVE SILICONE MARKET, BY COUNTRY,  2019–2022 (USD MILLION)
          TABLE 95 MIDDLE EAST & AFRICA: AUTOMOTIVE SILICONE MARKET, BY COUNTRY,  2023–2028 (USD MILLION)
          TABLE 96 MIDDLE EAST & AFRICA: AUTOMOTIVE SILICONE MARKET, BY APPLICATION,  2019–2022 (KILOTON)
          TABLE 97 MIDDLE EAST & AFRICA: AUTOMOTIVE SILICONE MARKET, BY APPLICATION,  2023–2028 (KILOTON)
          TABLE 98 MIDDLE EAST & AFRICA: AUTOMOTIVE SILICONE MARKET, BY APPLICATION,  2019–2022 (USD MILLION)
          TABLE 99 MIDDLE EAST & AFRICA: AUTOMOTIVE SILICONE MARKET, BY APPLICATION,  2023–2028 (USD MILLION)
           8.5.1 SAUDI ARABIA
                    8.5.1.1 Government initiatives to promote automotive manufacturing to drive demand
                                TABLE 100 SAUDI ARABIA: AUTOMOTIVE SILICONE MARKET, BY APPLICATION,  2019–2022 (KILOTON)
                                TABLE 101 SAUDI ARABIA: AUTOMOTIVE SILICONE MARKET, BY APPLICATION,  2023–2028 (KILOTON)
                                TABLE 102 SAUDI ARABIA: AUTOMOTIVE SILICONE MARKET, BY APPLICATION,  2019–2022 (USD MILLION)
                                TABLE 103 SAUDI ARABIA: AUTOMOTIVE SILICONE MARKET, BY APPLICATION,  2023–2028 (USD MILLION)
           8.5.2 SOUTH AFRICA
                    8.5.2.1 Key players establishing automotive business to create demand for automotive silicone
                                TABLE 104 SOUTH AFRICA: AUTOMOTIVE SILICONE MARKET, BY APPLICATION,  2019–2022 (KILOTON)
                                TABLE 105 SOUTH AFRICA: AUTOMOTIVE SILICONE MARKET, BY APPLICATION,  2023–2028 (KILOTON)
                                TABLE 106 SOUTH AFRICA: AUTOMOTIVE SILICONE MARKET, BY APPLICATION,  2019–2022 (USD MILLION)
                                TABLE 107 SOUTH AFRICA: AUTOMOTIVE SILICONE MARKET, BY APPLICATION,  2023–2028 (USD MILLION)
           8.5.3 REST OF MIDDLE EAST & AFRICA
                    TABLE 108 REST OF MIDDLE EAST & AFRICA: AUTOMOTIVE SILICONE MARKET, BY APPLICATION, 2019–2022 (KILOTON)
                    TABLE 109 REST OF MIDDLE EAST & AFRICA: AUTOMOTIVE SILICONE MARKET, BY APPLICATION, 2023–2028 (KILOTON)
                    TABLE 110 REST OF MIDDLE EAST & AFRICA: AUTOMOTIVE SILICONE MARKET, BY APPLICATION, 2019–2022 (USD MILLION)
                    TABLE 111 REST OF MIDDLE EAST & AFRICA: AUTOMOTIVE SILICONE MARKET, BY APPLICATION, 2023–2028 (USD MILLION)
    8.6 SOUTH AMERICA 
          TABLE 112 SOUTH AMERICA: AUTOMOTIVE SILICONE MARKET, BY COUNTRY, 2019–2022 (KILOTON)
          TABLE 113 SOUTH AMERICA: AUTOMOTIVE SILICONE MARKET, BY COUNTRY, 2023–2028 (KILOTON)
          TABLE 114 SOUTH AMERICA: AUTOMOTIVE SILICONE MARKET, BY COUNTRY,  2019–2022 (USD MILLION)
          TABLE 115 SOUTH AMERICA: AUTOMOTIVE SILICONE MARKET, BY COUNTRY,  2023–2028 (USD MILLION)
          TABLE 116 SOUTH AMERICA: AUTOMOTIVE SILICONE MARKET, BY APPLICATION,  2019–2022 (KILOTON)
          TABLE 117 SOUTH AMERICA: AUTOMOTIVE SILICONE MARKET, BY APPLICATION,  2023–2028 (KILOTON)
          TABLE 118 SOUTH AMERICA: AUTOMOTIVE SILICONE MARKET, BY APPLICATION,  2019–2022 (USD MILLION)
          TABLE 119 SOUTH AMERICA: AUTOMOTIVE SILICONE MARKET, BY APPLICATION,  2023–2028 (USD MILLION)
           8.6.1 BRAZIL
                    8.6.1.1 Favorable trade and investment policies to attract private investments
                                TABLE 120 BRAZIL: AUTOMOTIVE SILICONE MARKET, BY APPLICATION, 2019–2022 (KILOTON)
                                TABLE 121 BRAZIL: AUTOMOTIVE SILICONE MARKET, BY APPLICATION, 2023–2028 (KILOTON)
                                TABLE 122 BRAZIL: AUTOMOTIVE SILICONE MARKET, BY APPLICATION, 2019–2022 (USD MILLION)
                                TABLE 123 BRAZIL: AUTOMOTIVE SILICONE MARKET, BY APPLICATION, 2023–2028 (USD MILLION)
           8.6.2 ARGENTINA
                    8.6.2.1 Improvements in country’s automotive investment to drive market
                                TABLE 124 ARGENTINA: AUTOMOTIVE SILICONE MARKET, BY APPLICATION, 2019–2022 (KILOTON)
                                TABLE 125 ARGENTINA: AUTOMOTIVE SILICONE MARKET, BY APPLICATION, 2023–2028 (KILOTON)
                                TABLE 126 ARGENTINA: AUTOMOTIVE SILICONE MARKET, BY APPLICATION,  2019–2022 (USD MILLION)
                                TABLE 127 ARGENTINA: AUTOMOTIVE SILICONE MARKET, BY APPLICATION,  2023–2028 (USD MILLION)
           8.6.3 REST OF SOUTH AMERICA
                    TABLE 128 REST OF SOUTH AMERICA: AUTOMOTIVE SILICONE MARKET, BY APPLICATION,  2019–2022 (KILOTON)
                    TABLE 129 REST OF SOUTH AMERICA: AUTOMOTIVE SILICONE MARKET, BY APPLICATION,  2023–2028 (KILOTON)
                    TABLE 130 REST OF SOUTH AMERICA: AUTOMOTIVE SILICONE MARKET, BY APPLICATION,  2019–2022 (USD MILLION)
                    TABLE 131 REST OF SOUTH AMERICA: AUTOMOTIVE SILICONE MARKET, BY APPLICATION,  2023–2028 (USD MILLION)
 
9 COMPETITIVE LANDSCAPE (Page No. - 119)
    9.1 OVERVIEW 
          FIGURE 19 COMPANIES ADOPTED ACQUISITIONS AND EXPANSIONS AS KEY GROWTH STRATEGIES BETWEEN 2018 AND 2023
    9.2 RANKING ANALYSIS OF KEY MARKET PLAYERS, 2022 
          FIGURE 20 RANKING OF TOP FIVE PLAYERS IN AUTOMOTIVE SILICONES MARKET, 2022
    9.3 MARKET EVALUATION MATRIX 
          TABLE 132 MARKET EVALUATION MATRIX
    9.4 COMPANY EVALUATION MATRIX, 2022 (TIER 1) 
           9.4.1 STARS
           9.4.2 EMERGING LEADERS
           9.4.3 PERVASIVE PLAYERS
           9.4.4 PARTICIPANTS
                    FIGURE 21 COMPANY EVALUATION MATRIX, 2022
    9.5 START-UPS AND SMALL & MEDIUM-SIZED ENTERPRISES (SMES) EVALUATION MATRIX 
           9.5.1 PROGRESSIVE COMPANIES
           9.5.2 RESPONSIVE COMPANIES
           9.5.3 STARTING BLOCKS
           9.5.4 DYNAMIC COMPANIES
                    FIGURE 22 STARTUPS AND SMES EVALUATION MATRIX, 2022
    9.6 COMPETITIVE SCENARIO 
           9.6.1 PRODUCT LAUNCHES
                    TABLE 133 PRODUCT LAUNCHES, 2018–2023
                    TABLE 134 NEW TECHNOLOGY, 2018–2023
           9.6.2 DEALS
                    TABLE 135 DEALS, 2018–2022
           9.6.3 OTHER DEVELOPMENTS
                    TABLE 136 OTHER DEVELOPMENTS, 2018–2022
 
10 COMPANY PROFILES (Page No. - 135)
(Business Overview, Products Offered, Recent Developments, MnM View Right to win, Strategic choices made, Weaknesses and competitive threats) *
     10.1 KEY PLAYERS 
             10.1.1 THE DOW CHEMICAL COMPANY
                        TABLE 137 THE DOW CHEMICAL COMPANY: COMPANY OVERVIEW
                        FIGURE 23 THE DOW CHEMICAL COMPANY: COMPANY SNAPSHOT
                        TABLE 138 THE DOW CHEMICAL COMPANY: PRODUCTS/SOLUTIONS/SERVICES OFFERED
                        TABLE 139 THE DOW CHEMICAL COMPANY: PRODUCT LAUNCHES
                        TABLE 140 THE DOW CHEMICAL COMPANY: OTHER DEVELOPMENTS
             10.1.2 WACKER CHEMIE AG
                        TABLE 141 WACKER CHEMIE AG: COMPANY OVERVIEW
                        FIGURE 24 WACKER CHEMIE AG: COMPANY SNAPSHOT
                        TABLE 142 WACKER CHEMIE AG: PRODUCTS/SOLUTIONS/SERVICES OFFERED
                        TABLE 143 WACKER CHEMIE AG: PRODUCT LAUNCHES
                        TABLE 144 WACKER CHEMIE AG: DEALS
                        TABLE 145 WACKER CHEMIE AG: OTHER DEVELOPMENTS
             10.1.3 MOMENTIVE
                        TABLE 146 MOMENTIVE: COMPANY OVERVIEW
                        TABLE 147 MOMENTIVE: PRODUCTS/SOLUTIONS/SERVICES OFFERED
                        TABLE 148 MOMENTIVE: PRODUCT LAUNCHES
                        TABLE 149 MOMENTIVE: DEALS
                        TABLE 150 MOMENTIVE: OTHER DEVELOPMENTS
             10.1.4 SHIN-ETSU CHEMICAL CO. LTD.
                        TABLE 151 SHIN-ETSU CHEMICAL CO., LTD.: COMPANY OVERVIEW
                        FIGURE 25 SHIN-ETSU CHEMICAL CO. LTD.: COMPANY SNAPSHOT
                        TABLE 152 SHIN-ETSU CHEMICAL CO., LTD.: PRODUCTS/SOLUTIONS/SERVICES OFFERED
                        TABLE 153 SHIN-ETSU CHEMICAL CO., LTD.: PRODUCT LAUNCHES
                        TABLE 154 SHIN-ETSU CHEMICAL CO., LTD.: OTHER DEVELOPMENTS
             10.1.5 ELKEM ASA
                        TABLE 155 ELKEM ASA: COMPANY OVERVIEW
                        FIGURE 26 ELKEM ASA: COMPANY SNAPSHOT
                        TABLE 156 ELKEM ASA: PRODUCTS/SOLUTIONS/SERVICES OFFERED
                        TABLE 157 ELKEM ASA: PRODUCT LAUNCHES
                        TABLE 158 ELKEM ASA: DEALS
                        TABLE 159 ELKEM ASA: OTHER DEVELOPMENTS
             10.1.6 EVONIK INDUSTRIES AG
                        TABLE 160 EVONIK INDUSTRIES AG: COMPANY OVERVIEW
                        FIGURE 27 EVONIK INDUSTRIES AG: COMPANY SNAPSHOT
                        TABLE 161 EVONIK INDUSTRIES AG: PRODUCTS/SOLUTIONS/SERVICES OFFERED
                        TABLE 162 EVONIK INDUSTRIES AG: OTHER DEVELOPMENTS
             10.1.7 GELEST INC.
                        TABLE 163 GELEST INC.: COMPANY OVERVIEW
                        TABLE 164 GELEST INC.: PRODUCTS/SOLUTIONS/SERVICES OFFERED
                        TABLE 165 GELEST INC.: DEALS
             10.1.8 HENKEL
                        TABLE 166 HENKEL: COMPANY OVERVIEW
                        FIGURE 28 HENKEL: COMPANY SNAPSHOT
                        TABLE 167 HENKEL: PRODUCTS/SOLUTIONS/SERVICES OFFERED
                        TABLE 168 HENKEL: DEALS
                        TABLE 169 HENKEL: OTHER DEVELOPMENTS
             10.1.9 PRIMASIL SILICONES
                        TABLE 170 PRIMASIL SILICONES: COMPANY OVERVIEW
                        TABLE 171 PRIMASIL SILICONES: PRODUCTS/SOLUTIONS/SERVICES OFFERED
                        TABLE 172 PRIMASIL SILICONES: DEALS
             10.1.10 SILTECH CORPORATION
                        TABLE 173 SILTECH CORPORATION: COMPANY OVERVIEW
                        TABLE 174 SILTECH CORPORATION: PRODUCTS/SOLUTIONS/SERVICES OFFERED
                        TABLE 175 SILTECH CORPORATION: OTHER DEVELOPMENTS
     10.3 OTHER KEY COMPANIES 
             10.3.1 CHT GROUP
             10.3.2 BRB INTERNATIONAL
             10.3.3 NOLATO
             10.3.4 REISS MANUFACTURING
             10.3.5 KIBARU MANUFACTURING SDN. BHD.
             10.3.6 MCCOY PERFORMANCE SILICONES
             10.3.7 MILLIKEN
             10.3.8 NOVAGUARD SOLUTIONS
             10.3.9 PERMATEX
             10.3.10 ROGERS CORPORATION
             10.3.11 MESGO
             10.3.12 SILICONE SOLUTIONS
             10.3.13 SIMTECH SILICONE PARTS
             10.3.14 SPECIALTY SILICONE PRODUCTS INC.
             10.3.15 WYNCA TINYO SILICONE
 
*Details on Business Overview, Products Offered, Recent Developments, MnM View, Right to win, Strategic choices made, Weaknesses and competitive threats might not be captured in case of unlisted companies.
 
11 APPENDIX (Page No. - 172)
     11.1 INSIGHTS FROM INDUSTRY EXPERTS 
     11.2 DISCUSSION GUIDE 
     11.3 KNOWLEDGESTORE: MARKETSANDMARKETS’  SUBSCRIPTION PORTAL 
     11.4 CUSTOMIZATION OPTIONS 
     11.5 RELATED REPORTS 
     11.6 AUTHOR DETAILS 

The study involved four major activities in estimating the market size of the automotive silicone market. Exhaustive secondary research was done to collect information on the market, the peer market, and the parent market. The next step was to validate these findings, assumptions, and sizing with industry experts across the value chain through primary research. Both top-down and bottom-up approaches were employed to estimate the complete market size. Thereafter, the market breakdown and data triangulation procedures were used to estimate the market size of the segments and subsegments.

Secondary Research

In the secondary research process, various secondary sources have been referred to for identifying and collecting information for this study. These secondary sources include annual reports, press releases, investor presentations of companies, white papers, certified publications, trade directories, certified publications, articles from recognized authors, gold standard and silver standard websites, and databases.

Secondary research has been used to obtain key information about the value chain of the industry, monetary chain of the market, the total pool of key players, market classification and segmentation according to industry trends to the bottom-most level, and regional markets. It was also used to obtain information about the key developments from a market-oriented perspective.

Primary Research

The automotive silicone market comprises several stakeholders in the value chain, which include raw material suppliers, manufacturers, and end users. Various primary sources from the supply and demand sides of the automotive silicone market have been interviewed to obtain qualitative and quantitative information. The primary interviewees from the demand side include key opinion leaders in end-use sectors. The primary sources from the supply side include manufacturers, associations, and institutions involved in the automotive silicone industry.

Primary interviews were conducted to gather insights such as market statistics, data of revenue collected from the products and services, market breakdowns, market size estimations, market forecasting, and data triangulation. Primary research also helped in understanding the various trends related to technology, raw material, application type, end-use industries, and region. Stakeholders from the demand side, such as CIOs, CTOs, and CSOs were interviewed to understand the buyer’s perspective on the suppliers, products, component providers, and their current usage of automotive silicone and outlook of their business which will affect the overall market.

The breakdown of profiles of the primary interviewees is illustrated in the figure below:

Automotive Silicone Market Size, and Share

Note: Tier 1, Tier 2, and Tier 3 companies are classified based on their market revenue in 2022 available in the public domain, product portfolios, and geographical presence.

Other designations include consultants and sales, marketing, and procurement managers.

To know about the assumptions considered for the study, download the pdf brochure

Company Name

Designation

The Dow Chemical Company

Individual Industry Expert

Wacker Chemie AG

Sales Manager

Momentive

Director

Henkel

Marketing Manager

Evonik Industries AG

R&D Manager

 

 

Market Size Estimation

The top-down and bottom-up approaches have been used to estimate and validate the size of the automotive silicone market.

  • The key players in the industry have been identified through extensive secondary research.
  • The supply chain of the industry has been determined through primary and secondary research.
  • All percentage shares, splits, and breakdowns have been determined using secondary sources and verified through primary sources.
  • All possible parameters that affect the markets covered in this research study have been accounted for, viewed in extensive detail, verified through primary research, and analyzed to obtain the final quantitative and qualitative data.
  • The research includes the study of reports, reviews, and newsletters of the key market players, along with extensive interviews for opinions with leaders such as directors and marketing executives.

Automotive Silicone Market: Bottom-Up Approach

Automotive Silicone Market Size, and Share

Note: All the shares are based on the global market size.

Source: Secondary Research, Interviews with Experts, and MarketsandMarkets Analysis

To know about the assumptions considered for the study, Request for Free Sample Report

Automotive Silicone Market: Top-Down Approach

Automotive Silicone Market Size, and Share

Data Triangulation

After arriving at the total market size from the estimation process explained above, the overall market has been split into several segments and sub-segments. To complete the overall market engineering process and arrive at the exact statistics for all the segments and sub-segments, the data triangulation and market breakdown procedures have been employed, wherever applicable. The data has been triangulated by studying various factors and trends from both the demand and supply sides. Along with this, the market size has been validated by using both the top-down and bottom-up approaches and primary interviews. Hence, for every data segment, there have been three sources—top-down approach, bottom-up approach, and expert interviews. The data was assumed correct when the values arrived from the three sources matched.

Market Definition

Automotive silicone is a preferred material in the automotive industry due to its exceptional strength, resistance, and durability. It offers high-temperature resistance and excellent weathering resistance, significantly extending the lifespan of automotive components. It finds extensive use in various automotive applications, including interior and exterior parts, engines, electrical systems, tires, and more. The ability of automotive silicone to withstand abrasion, rain, wind, salt, UV radiation, and chemicals makes it the preferred choice for automotive manufacturers, ensuring reliable performance and longevity in challenging environments.

Key Stakeholders

  • Senior Management
  • End User
  • Finance/Procurement Department
  • R&D Department

Report Objectives

  • To define, describe, and forecast the size of the automotive silicone market, in terms of value and volume.
  • To provide detailed information regarding the major factors (drivers, opportunities, restraints, and challenges) influencing the growth of the market
  • To estimate and forecast the market size based on type, application, and region.
  • To forecast the size of the market with respect to major regions, namely, Europe, North America, Asia Pacific, Middle East & Africa, and South America, along with their key countries
  • To strategically analyze micromarkets1 with respect to individual growth trends, prospects, and their contribution to the overall market
  • To analyze opportunities in the market for stakeholders and provide a competitive landscape of market leaders.
  • To track and analyze recent developments such as expansions, new product launches, partnerships & agreements, and acquisitions in the market.
  • To strategically profile key market players and comprehensively analyze their core competencies.

Available Customizations

Along with the given market data, MarketsandMarkets offers customizations according to the company’s specific needs. The following customization options are available for the report:

Regional Analysis

  • Further breakdown of a region with respect to a particular country or additional application

Company Information

  • Detailed analysis and profiles of additional market players
Custom Market Research Services

We will customize the research for you, in case the report listed above does not meet with your exact requirements. Our custom research will comprehensively cover the business information you require to help you arrive at strategic and profitable business decisions.

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Report Code
CH 6547
Published ON
Jun, 2023
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