Global Automotive Silicone Market 2018-2023 with DowDupont, Wacker Chemie, Evonik, Shin-Etsu, Momentive Performance Materials and Elkem Dominating the $3.3 Bn Industry

DUBLIN, Aug 29, 2018 /PRNewswire/ --

The "Automotive Silicone Market by Type (Elastomers, Gels, Resins, Fluids), Application (Interior & Exterior, Engines, Electrical), and Region (APAC, Europe, North America, South America, Middle East & Africa) - Global Forecast to 2023" report has been added to ResearchAndMarkets.com's offering.

The market size of automotive silicone, in terms of value, is expected to reach USD 3.33 billion by 2023 from USD 2.37 billion in 2018, at a CAGR of 7.1% from 2018 to 2023.

High-growth application areas such as electrical components and interior & exterior parts used in automotive industry, rising income of people in emerging economies, and high growth in the automotive industry are the key factors driving the growth of the automotive silicone market.

The automotive silicone market is experiencing significant growth across the world due to increasing demand for better qualitative and improved performance automotive products, and increasing use of silicone in the automotive industry, in emerging markets such as Asia Pacific and Latin America. The automotive silicone market is also growing as there is an increasing demand for highly efficient and lightweight materials in the automotive industry that helps them in enhancing the durability and efficiency of vehicles.

Based on application, the automotive silicone market has been segmented into interior & exterior, engines, electrical, and others. The interior and exterior segment includes exhaust hangers, airbags, exterior trim, and shock absorbers. The engines segment include gaskets, radiator seals, and filtration. The electrical segment includes ignition cables, battery seals, and connectors. Interior & exterior is estimated to be the largest application segment of automotive silicones and electrical is expected to be the fastest-growing segment during the forecast period. The increase in demand for the automotive silicone in plastics & coating expected to drive the market in this application.

Asia Pacific is expected to be the fastest-growing market for automotive silicone during the forecast period. China and India are among the fastest-growing economies in the world. India is projected to continue to be the fastest growing market for automotive silicone during the forecast period. The growth of the automotive silicone market in Asia Pacific can be attributed to the easy availability of raw materials used to manufacture these silicones and growing automotive industry. Lesser stringent regulations related to the use and manufacturing of the automotive silicone compared to North America and Europe also provide growth opportunities to the manufacturers of automotive silicone in the region.

The automotive silicone market is growing at a significant rate. However, there are certain factors that hinder the market growth. The growing adoption of electric vehicles especially in the developed economies of Europe and North America region is restricting the growth of the automotive silicone market.

Companies such as DowDupont (US), Wacker Chemie (Germany), Evonik (Germany), Shin-Etsu (Japan), Momentive Performance Materials (US), and Elkem (Norway) are major players operating in the global automotive silicone market.

Key Topics Covered:

1 Introduction

2 Research Methodology

3 Executive Summary

4 Premium Insights
4.1 Significant Opportunities in the Automotive Silicone Market
4.2 Automotive Silicone Market Growth, By Application (2016-2021)
4.3 Automotive Silicone Market Share in Asia-Pacific
4.4 Automotive Silicone Market Attractiveness
4.5 Automotive Silicone Market Share, By Application and Regions, 2015

5 Market Overview
5.1 Introduction
5.2 Market Dynamics
5.2.1 Drivers
5.2.1.1 Growing Automotive Industry in APAC
5.2.1.2 Increasing Demand of High Efficiency and Lightweight Materials in Automotive Industry
5.2.2 Restraints
5.2.2.1 Growing Adoption of Electric Vehicles
5.2.3 Opportunities
5.2.3.1 High Growth Opportunities in Emerging Economies of APAC
5.2.4 Challenges
5.2.4.1 Increasing Raw Material Prices
5.3 Porter's Five Forces Analysis
5.3.1 Bargaining Power of Suppliers
5.3.2 Bargaining Power of Buyers
5.3.3 Threat of New Entrants
5.3.4 Threat of Substitutes
5.3.5 Intensity of Competitive Rivalry

6 Automotive Silicone, By Type
6.1 Introduction
6.1.1 Elastomers
6.1.2 Resins
6.1.3 Gels
6.1.4 Fluids

7 Automotive Silicones, By Application
7.1 Introduction
7.2 Interior & Exterior
7.2.1 Airbags
7.2.2 Exhaust Hangers
7.2.3 Exterior Trim
7.2.4 Headlamps
7.2.5 Hoses
7.2.6 Interior Trim
7.2.7 Membrane
7.2.8 Shock Absorbers
7.2.9 Grommets
7.3 Engines
7.3.1 Sealing, Potting & Bonding
7.3.2 Filtration
7.3.3 Gaskets
7.3.4 Radiator Seals
7.3.5 Vibration Dampening
7.4 Electrical
7.4.1 Power Transmission
7.4.2 Damping & Insulation
7.4.3 Ignition Cables
7.4.4 Sparkplug Boots
7.4.5 Ev Battery Seals
7.4.6 Ht Cables
7.4.7 Connectors
7.4.8 Ev Battery Seals
7.5 Others
7.5.1 Paint & Plastic Polishes
7.5.2 Sheathing & Protecting
7.5.3 Ventilation Flaps
7.5.4 Rain and Distance Sensors
7.5.5 Break-Protection Caps
7.5.6 Molds & Prototypes

8 Automotive Silicone, By Region
8.1 Introduction
8.2 North America
8.3 Europe
8.4 APAC
8.5 Middle East & Africa
8.6 South America

9 Competitive Landscape
9.1 Overview
9.2 Market Ranking of Key Players
9.3 Competitive Scenario
9.3.1 New Product Launches
9.3.2 Expansions
9.3.3 Mergers & Acquisitions

10 Company Profiles

• ACC Silicones
• BRB International
• Dowdupont
• Elkem Silicones
• Evonik
• Gw Plastics
• Henkel AG & Co.
• International Silicone Technologies (Intersil)
• KCC Corporation
• Kibaru Manufacturing Sdn Bhd
• Mccoy Performance Silicones
• Milliken
• Momentive Performance Materials
• Novaguard Solutions
• Permatex
• Primasil Silicones
• Rogers Corporation
• Shin Etsu
• Silicone Engineering
• Silicone Solutions
• Siltech
• Simtech Silicone Parts
• Specialty Silicone Products Inc
• Wacker Chemie
• Wynca Tinyo Silicone

For more information about this report visit https://www.researchandmarkets.com/research/7t2txt/global_automotive?w=5

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