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Global Automotive Silicones Market by Application and Geography - Forecast and Analysis 2022-2026

  • Published: Apr 2022
  • Pages: 143
  • SKU: IRTNTR44782
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The predicted growth for the automotive silicones market share from 2021 to 2026 is USD 1.14 billion at a progressing CAGR of 6.46%.

This automotive silicones market forecast report extensively covers segmentations by:

  • Application - Interior and exterior, engine and drivetrain, electrical systems, suspension systems, and others
  • Geography - APAC, Europe, North America, South America, and Middle East and Africa

The automotive silicones market report offers information on several market vendors, including BASF SE, CHT Germany GmbH, CRI-SIL Silicone Technologies LLC, CSL Silicones Inc., The Dow Chemical Co., Elkem ASA, Evonik Industries AG, H.B. Fuller Co., Henkel AG and Co. KGaA, International Silicone Technologies, Kaneka Corp., Momentive Performance Materials Inc., Primasil Silicones Ltd., Rogers Corp., Shin Etsu Chemical Co. Ltd., Silicone Engineering Ltd., Siltech Corp., United Silicones Ltd., and Wacker Chemie AG among others. Furthermore, our analysts have provided valuable insights on the post COVID-19 impact on the market, which will help companies evaluate their business approaches for the coming years.

What will the Automotive Silicones Market Size be During the Forecast Period?

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Automotive Silicones Market: Key Drivers, Trends, and Challenges

Based on our research output, there has been a negative impact on the market growth during and post COVID-19 era. The growing demand for fuel-efficient and low-emission vehicles is notably driving the automotive silicones market growth, although factors such as fluctuations in raw material prices may impede the market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the automotive silicones market industry. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.

Key Automotive Silicones Market Driver

The growing demand for fuel-efficient and low-emission vehicles is one of the key drivers supporting the automotive silicones market growth. There has been an increasing demand for EVs due to the growing consensus among governments and consumers to reduce emissions. This, in turn, will drive the demand for EVs during the forecast period. Moreover, the use of silicones for producing automobile components contributes significantly to vehicle weight reduction, thereby ensuring improved fuel efficiency and low emissions of pollutants such as carbon dioxide, nitrogen oxide, and sulfur dioxide. For instance, the US Environmental Protection Agency (EPA) estimates that a 10% reduction in vehicle weight increases fuel economy by 5%-7%. Thus, the growing environmental concerns and rising focus on sustainability for fuel-efficient and low-emission vehicles will contribute to the growth of the automotive silicones market.

Key Automotive Silicones Market Trend

Increasing demand for silicone adhesive films for car customization is one of the key automotive silicones market trends fueling the market growth. Silicones are expected to play a major role in facilitating the adhesion of films and wrappings on vehicles during the forecast period. They display excellent bonding properties and ensure that the films are bonded well with the surface. Silicones are basically versatile materials and can be used for removing and dissolving tough adhesives from vehicles. Moreover, they can be used for creating full or partial car coverings. Silicone films can stretch up to 40% beyond their original size and can be molded to fit snugly around curves, providing a perfect finish with no bubbles or wrinkles. As a result, car owners can customize their vehicles without re-coating. Such factors will fuel the automotive silicones market growth during the forecast period.

Key Automotive Silicones Market Challenge

Fluctuations in raw material prices is one of the limitations hindering the automotive silicones market growth. Silicon metal is a key raw material used for producing automotive silicones. The manufacturing of all types of silicones requires polymers that are mainly derived from crude oil. Thus, the market depends heavily on the oil and gas industry. Meanwhile, the cost of energy required for manufacturing automotive silicones, transportation charges, and the cost of secondary materials are rising. For instance, in 2020, Wacker Chemie proposed to increase the price of silicones, silicone polymers, and silicone fluids due to an increase in the cost of raw materials and energy used in manufacturing process. Thus, the fluctuating prices of raw materials can hamper the growth of the global automotive silicones market during the forecast period.

This automotive silicones market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2022-2026.

Parent Market Analysis

Technavio categorizes the global automotive silicones market as a part of the global automotive components and accessories market. Our research report has extensively covered external factors influencing the parent market growth potential in the coming years, which will determine the levels of growth of the automotive silicones market during the forecast period.

Who are the Major Automotive Silicones Market Vendors?

The report analyzes the market’s competitive landscape and offers information on several market vendors, including:

 

  • BASF SE
  • CHT Germany GmbH
  • CRI-SIL Silicone Technologies LLC
  • CSL Silicones Inc.
  • The Dow Chemical Co.
  • Elkem ASA
  • Evonik Industries AG
  • H.B. Fuller Co.
  • Henkel AG and Co. KGaA
  • International Silicone Technologies
  • Kaneka Corp.
  • Momentive Performance Materials Inc.
  • Primasil Silicones Ltd.
  • Rogers Corp.
  • Shin Etsu Chemical Co. Ltd.
  • Silicone Engineering Ltd.
  • Siltech Corp.
  • United Silicones Ltd.
  • Wacker Chemie AG

 

This statistical study of the automotive silicones market encompasses successful business strategies deployed by the key vendors. The automotive silicones market is fragmented and the vendors are deploying organic and inorganic growth strategies to compete in the market.

Product Insights and News

  • Elkem ASA - Through the silicones segment, the company produces silicone materials that are used in end-user industries such as transportation, energy, pulp and paper, and food and beverages. 
  • Elkem ASA - The company offers high-performance silicon rubber for automotive parts such as gaskets, hoses, spark plug boots, and seals. 

To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

The automotive silicones market forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies.

Automotive Silicones Market Value Chain Analysis

Our report provides extensive information on the value chain analysis for the automotive silicones market, which vendors can leverage to gain a competitive advantage during the forecast period. The end-to-end understanding of the value chain is essential in profit margin optimization and evaluation of business strategies. The data available in our value chain analysis segment can help vendors drive costs and enhance customer services during the forecast period.

Which are the Key Regions for Automotive Silicones Market?

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70% of the market’s growth will originate from APAC during the forecast period. China, Japan, and India are the key markets for the automotive silicones market in APAC. Market growth in this region will be faster than the growth of the market in other regions.

The growing adoption of automobiles in China will facilitate the automotive silicones market growth in APAC over the forecast period. This market research report entails detailed information on the competitive intelligence, marketing gaps, and regional opportunities in store for vendors, which will assist in creating efficient business plans.

COVID Impact and Recovery Analysis

In 2020, the COVID-19 pandemic had a negative impact on the regional automotive silicones market. However, in 2021, the initiation of mass COVID-19 vaccination drives by the governments in the region led to a decline in the number of COVID-19 cases. This led to the lifting of COVID-19-related restrictions and the resumption of manufacturing operations of regional automotive silicone manufacturers. These factors will drive the growth of the regional automotive silicones market during the forecast period.

What are the Revenue-generating Application Segments in the Automotive Silicones Market?

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The automotive silicones market share growth by the interior and exterior segment will be significant during the forecast period. The use of automotive silicones in applications, such as in the formulation of paint additives, seat belt lubricants, synthetic leather seats, and damping oil for meters, is expected to increase. Silicone elastomers are used for bonding, sealing, and potting automotive components. Thus, bonding and sealing of interior and exterior cosmetic parts in automotive accessories will foster automotive silicones market growth. 

This report provides an accurate prediction of the contribution of all the segments to the growth of the automotive silicones market size and actionable market insights on post COVID-19 impact on each segment.

 

Automotive Silicones Market Scope

Report Coverage

Details

Page number

120

Base year

2021

Forecast period

2022-2026

Growth momentum & CAGR

Accelerate at a CAGR of 6.46%

Market growth 2022-2026

$ 1.14 billion

Market structure

Fragmented

YoY growth (%)

6.28

Regional analysis

APAC, Europe, North America, South America, and Middle East and Africa

Performing market contribution

APAC at 70%

Key consumer countries

US, China, Japan, India, and Germany

Competitive landscape

Leading companies, Competitive strategies, Consumer engagement scope

Key companies profiled

BASF SE, CHT Germany GmbH, CRI-SIL Silicone Technologies LLC, CSL Silicones Inc., The Dow Chemical Co., Elkem ASA, Evonik Industries AG, H.B. Fuller Co., Henkel AG and Co. KGaA, International Silicone Technologies, Kaneka Corp., Momentive Performance Materials Inc., Primasil Silicones Ltd., Rogers Corp., Shin Etsu Chemical Co. Ltd., Silicone Engineering Ltd., Siltech Corp., United Silicones Ltd., and Wacker Chemie AG

Market dynamics

Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and recovery analysis and future consumer dynamics, Market condition analysis for forecast period

Customization purview

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What are the Key Data Covered in this Automotive Silicones Market Report?

  • CAGR of the market during the forecast period 2022-2026
  • Detailed information on factors that will drive automotive silicones market growth during the next five years
  • Precise estimation of the automotive silicones market size and its contribution to the parent market
  • Accurate predictions on upcoming trends and changes in consumer behavior
  • The growth of the automotive silicones industry across APAC, Europe, North America, South America, and Middle East and Africa
  • A thorough analysis of the market’s competitive landscape and detailed information on vendors
  • Comprehensive details of factors that will challenge the growth of automotive silicones market vendors

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1 Executive Summary

  • 1.1 Market overview
    • Exhibit 01: Executive Summary – Chart on Market Overview
    • Exhibit 02: Executive Summary – Data Table on Market Overview
    • Exhibit 03: Executive Summary – Chart on Global Market Characteristics
    • Exhibit 04: Executive Summary – Chart on Market by Geography
    • Exhibit 05: Executive Summary – Chart on Market Segmentation by Application
    • Exhibit 06: Executive Summary – Chart on Incremental Growth
    • Exhibit 07: Executive Summary – Data Table on Incremental Growth
    • Exhibit 08: Executive Summary – Chart on Vendor Market Positioning

2 Market Landscape

  • 2.1 Market ecosystem
    • Exhibit 09: Parent market
    • Exhibit 10: Market Characteristics

3 Market Sizing

  • 3.1 Market definition
    • Exhibit 11: Offerings of vendors included in the market definition
  • 3.2 Market segment analysis
    • Exhibit 12: Market segments
  • 3.3 Market size 2021
    • 3.4 Market outlook: Forecast for 2021-2026
      • Exhibit 13: Chart on Global - Market size and forecast 2021-2026 ($ million)
      • Exhibit 14: Data Table on Global - Market size and forecast 2021-2026 ($ million)
      • Exhibit 15: Chart on Global Market: Year-over-year growth 2021-2026 (%)
      • Exhibit 16: Data Table on Global Market: Year-over-year growth 2021-2026 (%)

    4 Five Forces Analysis

    • 4.1 Five forces summary
      • Exhibit 17: Five forces analysis - Comparison between2021 and 2026
    • 4.2 Bargaining power of buyers
      • Exhibit 18: Chart on Bargaining power of buyers – Impact of key factors 2021 and 2026
    • 4.3 Bargaining power of suppliers
      • Exhibit 19: Bargaining power of suppliers – Impact of key factors in 2021 and 2026
    • 4.4 Threat of new entrants
      • Exhibit 20: Threat of new entrants – Impact of key factors in 2021 and 2026
    • 4.5 Threat of substitutes
      • Exhibit 21: Threat of substitutes – Impact of key factors in 2021 and 2026
    • 4.6 Threat of rivalry
      • Exhibit 22: Threat of rivalry – Impact of key factors in 2021 and 2026
    • 4.7 Market condition
      • Exhibit 23: Chart on Market condition - Five forces 2021 and 2026

    5 Market Segmentation by Application

    • 5.1 Market segments
      • Exhibit 24: Chart on Application - Market share 2021-2026 (%)
      • Exhibit 25: Data Table on Application - Market share 2021-2026 (%)
    • 5.2 Comparison by Application
      • Exhibit 26: Chart on Comparison by Application
      • Exhibit 27: Data Table on Comparison by Application
    • 5.3 Interior and exterior - Market size and forecast 2021-2026
      • Exhibit 28: Chart on Interior and exterior - Market size and forecast 2021-2026 ($ million)
      • Exhibit 29: Data Table on Interior and exterior - Market size and forecast 2021-2026 ($ million)
      • Exhibit 30: Chart on Interior and exterior - Year-over-year growth 2021-2026 (%)
      • Exhibit 31: Data Table on Interior and exterior - Year-over-year growth 2021-2026 (%)
    • 5.4 Engine and drivetrain - Market size and forecast 2021-2026
      • Exhibit 32: Chart on Engine and drivetrain - Market size and forecast 2021-2026 ($ million)
      • Exhibit 33: Data Table on Engine and drivetrain - Market size and forecast 2021-2026 ($ million)
      • Exhibit 34: Chart on Engine and drivetrain - Year-over-year growth 2021-2026 (%)
      • Exhibit 35: Data Table on Engine and drivetrain - Year-over-year growth 2021-2026 (%)
    • 5.5 Electrical systems - Market size and forecast 2021-2026
      • Exhibit 36: Chart on Electrical systems - Market size and forecast 2021-2026 ($ million)
      • Exhibit 37: Data Table on Electrical systems - Market size and forecast 2021-2026 ($ million)
      • Exhibit 38: Chart on Electrical systems - Year-over-year growth 2021-2026 (%)
      • Exhibit 39: Data Table on Electrical systems - Year-over-year growth 2021-2026 (%)
    • 5.6 Suspension systems - Market size and forecast 2021-2026
      • Exhibit 40: Chart on Suspension systems - Market size and forecast 2021-2026 ($ million)
      • Exhibit 41: Data Table on Suspension systems - Market size and forecast 2021-2026 ($ million)
      • Exhibit 42: Chart on Suspension systems - Year-over-year growth 2021-2026 (%)
      • Exhibit 43: Data Table on Suspension systems - Year-over-year growth 2021-2026 (%)
    • 5.7 Others - Market size and forecast 2021-2026
      • Exhibit 44: Chart on Others - Market size and forecast 2021-2026 ($ million)
      • Exhibit 45: Data Table on Others - Market size and forecast 2021-2026 ($ million)
      • Exhibit 46: Chart on Others - Year-over-year growth 2021-2026 (%)
      • Exhibit 47: Data Table on Others - Year-over-year growth 2021-2026 (%)
    • 5.8 Market opportunity by Application
      • Exhibit 48: Market opportunity by Application ($ million)

    6 Customer Landscape

    • 6.1 Customer landscape overview
      • Exhibit 49: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

    7 Geographic Landscape

    • 7.1 Geographic segmentation
      • Exhibit 50: Chart on Market share by geography 2021-2026 (%)
      • Exhibit 51: Data Table on Market share by geography 2021-2026 (%)
    • 7.2 Geographic comparison
      • Exhibit 52: Chart on Geographic comparison
      • Exhibit 53: Data Table on Geographic comparison
    • 7.3 APAC - Market size and forecast 2021-2026
      • Exhibit 54: Chart on APAC - Market size and forecast 2021-2026 ($ million)
      • Exhibit 55: Data Table on APAC - Market size and forecast 2021-2026 ($ million)
      • Exhibit 56: Chart on APAC - Year-over-year growth 2021-2026 (%)
      • Exhibit 57: Data Table on APAC - Year-over-year growth 2021-2026 (%)
    • 7.4 Europe - Market size and forecast 2021-2026
      • Exhibit 58: Chart on Europe - Market size and forecast 2021-2026 ($ million)
      • Exhibit 59: Data Table on Europe - Market size and forecast 2021-2026 ($ million)
      • Exhibit 60: Chart on Europe - Year-over-year growth 2021-2026 (%)
      • Exhibit 61: Data Table on Europe - Year-over-year growth 2021-2026 (%)
    • 7.5 North America - Market size and forecast 2021-2026
      • Exhibit 62: Chart on North America - Market size and forecast 2021-2026 ($ million)
      • Exhibit 63: Data Table on North America - Market size and forecast 2021-2026 ($ million)
      • Exhibit 64: Chart on North America - Year-over-year growth 2021-2026 (%)
      • Exhibit 65: Data Table on North America - Year-over-year growth 2021-2026 (%)
    • 7.6 South America - Market size and forecast 2021-2026
      • Exhibit 66: Chart on South America - Market size and forecast 2021-2026 ($ million)
      • Exhibit 67: Data Table on South America - Market size and forecast 2021-2026 ($ million)
      • Exhibit 68: Chart on South America - Year-over-year growth 2021-2026 (%)
      • Exhibit 69: Data Table on South America - Year-over-year growth 2021-2026 (%)
    • 7.7 Middle East and Africa - Market size and forecast 2021-2026
      • Exhibit 70: Chart on Middle East and Africa - Market size and forecast 2021-2026 ($ million)
      • Exhibit 71: Data Table on Middle East and Africa - Market size and forecast 2021-2026 ($ million)
      • Exhibit 72: Chart on Middle East and Africa - Year-over-year growth 2021-2026 (%)
      • Exhibit 73: Data Table on Middle East and Africa - Year-over-year growth 2021-2026 (%)
    • 7.8 China - Market size and forecast 2021-2026
      • Exhibit 74: Chart on China - Market size and forecast 2021-2026 ($ million)
      • Exhibit 75: Data Table on China - Market size and forecast 2021-2026 ($ million)
      • Exhibit 76: Chart on China - Year-over-year growth 2021-2026 (%)
      • Exhibit 77: Data Table on China - Year-over-year growth 2021-2026 (%)
    • 7.9 US - Market size and forecast 2021-2026
      • Exhibit 78: Chart on US - Market size and forecast 2021-2026 ($ million)
      • Exhibit 79: Data Table on US - Market size and forecast 2021-2026 ($ million)
      • Exhibit 80: Chart on US - Year-over-year growth 2021-2026 (%)
      • Exhibit 81: Data Table on US - Year-over-year growth 2021-2026 (%)
    • 7.10 Japan - Market size and forecast 2021-2026
      • Exhibit 82: Chart on Japan - Market size and forecast 2021-2026 ($ million)
      • Exhibit 83: Data Table on Japan - Market size and forecast 2021-2026 ($ million)
      • Exhibit 84: Chart on Japan - Year-over-year growth 2021-2026 (%)
      • Exhibit 85: Data Table on Japan - Year-over-year growth 2021-2026 (%)
    • 7.11 Germany - Market size and forecast 2021-2026
      • Exhibit 86: Chart on Germany - Market size and forecast 2021-2026 ($ million)
      • Exhibit 87: Data Table on Germany - Market size and forecast 2021-2026 ($ million)
      • Exhibit 88: Chart on Germany - Year-over-year growth 2021-2026 (%)
      • Exhibit 89: Data Table on Germany - Year-over-year growth 2021-2026 (%)
    • 7.12 India - Market size and forecast 2021-2026
      • Exhibit 90: Chart on India - Market size and forecast 2021-2026 ($ million)
      • Exhibit 91: Data Table on India - Market size and forecast 2021-2026 ($ million)
      • Exhibit 92: Chart on India - Year-over-year growth 2021-2026 (%)
      • Exhibit 93: Data Table on India - Year-over-year growth 2021-2026 (%)
    • 7.13 Market opportunity by geography
      • Exhibit 94: Market opportunity by geography ($ million)

    8 Drivers, Challenges, and Trends

    • 8.1 Market drivers
      • 8.2 Market challenges
        • 8.3 Impact of drivers and challenges
          • Exhibit 95: Impact of drivers and challenges in 2021 and 2026
        • 8.4 Market trends

          9 Vendor Landscape

          • 9.1 Overview
            • 9.2 Vendor landscape
              • Exhibit 96: Overview on Criticality of inputs and Factors of differentiation
            • 9.3 Landscape disruption
              • Exhibit 97: Overview on factors of disruption
            • 9.4 Industry risks
              • Exhibit 98: Impact of key risks on business

            10 Vendor Analysis

            • 10.1 Vendors covered
              • Exhibit 99: Vendors covered
            • 10.2 Market positioning of vendors
              • Exhibit 100: Matrix on vendor position and classification
            • 10.3 Elkem ASA
              • Exhibit 101: Elkem ASA - Overview
              • Exhibit 102: Elkem ASA - Business segments
              • Exhibit 103: Elkem ASA - Key offerings
              • Exhibit 104: Elkem ASA - Segment focus
            • 10.4 Evonik Industries AG
              • Exhibit 105: Evonik Industries AG - Overview
              • Exhibit 106: Evonik Industries AG - Business segments
              • Exhibit 107: Evonik Industries AG - Key news
              • Exhibit 108: Evonik Industries AG - Key offerings
              • Exhibit 109: Evonik Industries AG - Segment focus
            • 10.5 H.B. Fuller Co.
              • Exhibit 110: H.B. Fuller Co. - Overview
              • Exhibit 111: H.B. Fuller Co. - Business segments
              • Exhibit 112: H.B. Fuller Co. - Key news
              • Exhibit 113: H.B. Fuller Co. - Key offerings
              • Exhibit 114: H.B. Fuller Co. - Segment focus
            • 10.6 Henkel AG and Co. KGaA
              • Exhibit 115: Henkel AG and Co. KGaA - Overview
              • Exhibit 116: Henkel AG and Co. KGaA - Business segments
              • Exhibit 117: Henkel AG and Co. KGaA - Key offerings
              • Exhibit 118: Henkel AG and Co. KGaA - Segment focus
            • 10.7 Kaneka Corp.
              • Exhibit 119: Kaneka Corp. - Overview
              • Exhibit 120: Kaneka Corp. - Business segments
              • Exhibit 121: Kaneka Corp. - Key offerings
              • Exhibit 122: Kaneka Corp. - Segment focus
            • 10.8 Momentive Performance Materials Inc.
              • Exhibit 123: Momentive Performance Materials Inc. - Overview
              • Exhibit 124: Momentive Performance Materials Inc. - Product / Service
              • Exhibit 125: Momentive Performance Materials Inc. - Key offerings
            • 10.9 Primasil Silicones Ltd.
              • Exhibit 126: Primasil Silicones Ltd. - Overview
              • Exhibit 127: Primasil Silicones Ltd. - Product / Service
              • Exhibit 128: Primasil Silicones Ltd. - Key offerings
            • 10.10 Rogers Corp.
              • Exhibit 129: Rogers Corp. - Overview
              • Exhibit 130: Rogers Corp. - Business segments
              • Exhibit 131: Rogers Corp. - Key news
              • Exhibit 132: Rogers Corp. - Key offerings
              • Exhibit 133: Rogers Corp. - Segment focus
            • 10.11 The Dow Chemical Co.
              • Exhibit 134: The Dow Chemical Co. - Overview
              • Exhibit 135: The Dow Chemical Co. - Business segments
              • Exhibit 136: The Dow Chemical Co. - Key news
              • Exhibit 137: The Dow Chemical Co. - Key offerings
              • Exhibit 138: The Dow Chemical Co. - Segment focus
            • 10.12 Wacker Chemie AG
              • Exhibit 139: Wacker Chemie AG - Overview
              • Exhibit 140: Wacker Chemie AG - Business segments
              • Exhibit 141: Wacker Chemie AG - Key offerings
              • Exhibit 142: Wacker Chemie AG - Segment focus

            11 Appendix

            • 11.1 Scope of the report
              • 11.2 Inclusions and exclusions checklist
                • Exhibit 143: Inclusions checklist
                • Exhibit 144: Exclusions checklist
              • 11.3 Currency conversion rates for US$
                • Exhibit 145: Currency conversion rates for US$
              • 11.4 Research methodology
                • Exhibit 146: Research methodology
                • Exhibit 147: Validation techniques employed for market sizing
                • Exhibit 148: Information sources
              • 11.5 List of abbreviations
                • Exhibit 149: List of abbreviations

              Research Framework

              Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

              TechnavioINFORMATION SOURCES

              Primary sources

              • Manufacturers and suppliers
              • Channel partners
              • Industry experts
              • Strategic decision makers

              Secondary sources

              • Industry journals and periodicals
              • Government data
              • Financial reports of key industry players
              • Historical data
              • Press releases
              Technavio

              TechnavioDATA ANALYSIS

              Data Synthesis

              • Collation of data
              • Estimation of key figures
              • Analysis of derived insights

              Data Validation

              • Triangulation with data models
              • Reference against proprietary databases
              • Corroboration with industry experts
              Technavio

              TechnavioREPORT WRITING

              Qualitative

              • Market drivers
              • Market challenges
              • Market trends
              • Five forces analysis

              Quantitative

              • Market size and forecast
              • Market segmentation
              • Geographical insights
              • Competitive landscape
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              The automotive silicones market growth will increase by $1141.17 million during 2022-2026.
              The automotive silicones market is expected to grow at a CAGR of 6.46% during 2022-2026.
              Technavio has segmented the automotive silicones market by application (Interior and exterior, Engine and drivetrain systems, Electrical systems, Suspension systems, and Others) and geographic (APAC, Europe, North America, South America, and Middle East and Africa).
              BASF SE, CHT Germany GmbH, CRI-SIL Silicone Technologies LLC, CSL Silicones Inc., The Dow Chemical Co., Elkem ASA, Evonik Industries AG, H.B. Fuller Co., Henkel AG and Co. KGaA, International Silicone Technologies, Kaneka Corp., Momentive Performance Materials Inc., Primasil Silicones Ltd., Rogers Corp., Shin Etsu Chemical Co. Ltd., Silicone Engineering Ltd., Siltech Corp., United Silicones Ltd., Wacker Chemie AG are a few of the key vendors in the automotive silicones market.
              APAC will register the highest growth rate of 69.67% among the other regions. Therefore, the automotive silicones market in APAC is expected to garner significant business opportunities for the vendors during the forecast period.
              The key factors driving the automotive silicones market growth are:
              • Growing demand for fuel-efficient and low-emission vehicles
              • Increasing demand for silicone adhesive films for car customization
              The automotive silicones market vendors should focus on grabbing business opportunities from the interior and exterior segment as it accounted for the largest market share in the base year.
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