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Automotive Silicone Market 2023 Latest Insights, Growth Rate, Future Trends And Forecast | Key Players : Wacker Chemie AG, Evonik Industries, Elkem Silicones, Shin-Etsu Chemical Co. Ltd., Momentive Inc
Automotive Silicone Market
Automotive Silicone Market Size, Growth Rate, And Forecast
The global automotive silicone market is expected to grow from $2.43 billion in 2022 to $2.61 billion in 2023 at a compound annual growth rate (CAGR) of 7.6%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The automotive silicone market is expected to grow to $3.39 billion in 2027 at a CAGR of 6.7%.
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Automotive Silicone Market Drivers
Rising demand for fuel-efficient vehicles is expected to propel the growth of the automotive silicone market going forward. Fuel-efficient vehicles are vehicles that give better mileage per gallon of fuel than other less efficient models.
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Automotive Silicone Market Segments
1) By Type: Elastomers, Resins, Gels, Fluids
2) By Form: Sealant, Tape, Epoxy
3) By Application: Interior and Exterior, Engines, Electrical, Tires, Other Applications
By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. Asia-Pacific was the largest region in the Automotive Silicone market.
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Automotive Silicone Market Key Players
Major players in the automotive silicone market 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, and Laur Silicone Inc.
The Business Research Company's "Global Automotive Silicone Market Report 2023" is a comprehensive report of the market, covering over 60 geographies and high level market segmentation per geography. The section on regional and country breakdowns examines the market in each geography as well as market size by region and country. Furthermore, it evaluates the market's historical and projected growth and identifies significant trends and strategies that businesses can use to expand their operations.
The Table Of Content For The Automotive Silicone Market Include:
1. Executive Summary
2. Automotive Silicone Market Characteristics
3. Automotive Silicone Market Trends And Strategies
4. Automotive Silicone Market - Macro Economic Scenario
5. Automotive Silicone Market Size And Growth
……
27. Automotive Silicone Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Automotive Silicone Market
29. Automotive Silicone Market Future Outlook and Potential Analysis
30. Appendix
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