Automotive Silicone Elastomers Market Growth Statistics, Size Estimation, Emerging Trends, Outlook to 2029 | Wacker Chemie, KCC Corporation, Mesgo, Dow Corning Corporation

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The market for Automotive Silicone Elastomers was estimated to be worth USD 9.4 billion in 2022, and it is anticipated to grow to USD 13.5 billion by 2029, with a compound annual growth rate (CAGR) of 7.5%. During the forecast period, the market is expected to be driven by the superior properties of silicone elastomers, an ageing population driving demand from the healthcare industry, and high demand for Automotive Silicone Elastomers from the electrical & electronics industry. However, the developed countries' slow growth restrains market expansion. On the other hand, the market is anticipated to see new growth opportunities due to the rising production of antimicrobial silicone for the healthcare industry, increasing use in the optical industry due to its highly transparent nature, and increasing demand for automotive vehicles.

The Global Automotive Silicone Elastomers Market Size, Scope, and Forecast 2023-2029 report has been added to the Market research collection of Market Intelligence Data Reports. Industry experts and researchers have offered an authoritative and concise analysis of the Automotive Silicone Elastomers Market with respect to various aspects such as growth factors, challenges, restraints, developments, and opportunities for growth. This report provides a pin-point analysis of changing dynamics and emerging trends in the Automotive Silicone Elastomers Market. Additionally, it provides a futuristic perspective on various factors that are likely to fuel the growth of the Worldwide Automotive Silicone Elastomers Market in the coming years.

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Some of the key players profiled in the study are Wacker Chemie, KCC Corporation, Mesgo, Dow Corning Corporation, Specialty Silicone Products, Reiss Manufacturing, India National Bluestar, Momentive Performance Materials, Delphi, Shin-Etsu, GW Plastics, Zhejiang Xinan Chemical Industrial Group and other Prominent players.

Recent Developments

In October 2021, Wacker Chemie AG acquired 60% stake in Chinese specialty silane manufacturer to strengthen its silicone business.

In March 2021, Dow Inc. launched its first low density liquid silicone rubber (LSR) for injection molding to brand owners and formulators in Europe and North America. The material's properties make it a favorable option particularly for food dosing valves, closures, dispensers, seals, gaskets and other food contact applications.

In January 2021, Momentive Performance Materials, Inc. announced a definitive agreement to acquire KCC Corporation's Silicones business in South Korea and the UK as well as its sales operations in China. This will further enhance Momentive's global capabilities in advanced silicones and specialized applications.

Competition is an important issue in any market research analysis. With the help of the competitive analysis provided in the report, players can easily study the key strategies employed by leading players in the Automotive Silicone Elastomers market. The major and emerging players of the Automotive Silicone Elastomers Market are closely studied considering their market share, production, sales, revenue growth, gross margin, product portfolio, and other important factors. This will help players familiarize themselves with the movements of their toughest competitors in the Automotive Silicone Elastomers market.

The segmental analysis section of the report includes a thorough research study on key type and application segments of the Automotive Silicone Elastomers market

Automotive Silicone Elastomers Market (By Types)

High Temperature Vulcanised (HTV)

Room Temperature Vulcanised (RTV)

Liquid Silicone Rubber (LSR)

Fluorosilicone Rubber (FSR)

High Consistency Silicone Rubber (HCR)

Silicone Gels

Automotive Silicone Elastomers Market (By Application)

Automotive Filled Circle

Automotive Seals

Other

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Here's how Market Intelligence Data helps the stakeholders and CXOs through the reports:

Inculcation and Evaluation of Strategic Collaborations: The researchers analyse recent strategic activities like mergers, acquisitions, partnerships, collaborations, and joint ventures.

Perfect Market Size Estimations: The report analyses the demographics, growth potential, and capability of the Automotive Silicone Elastomers market through the forecast period.

This factor leads to the estimation of the Automotive Silicone Elastomers market size and also provides an outline about how the market will retrieve growth during the assessment period.

Investment Research: The report focuses on the ongoing and upcoming investment opportunities across a particular Automotive Silicone Elastomers market that will help the stakeholders to be aware of the current investment scenario across the market.

Important years considered in the Automotive Silicone Elastomers study:

Historical year - 2017-2021;
Base year - 2022;
Forecast period** - 2023 to 2029 [** unless otherwise stated]

If opting for the Global version of Automotive Silicone Elastomers Market; then the below country analysis would be included:

- North America (the USA, Canada, and Mexico)

- Europe (Germany, France, the United Kingdom, Netherlands, Italy, Nordic Nations, Spain, Switzerland, and the Rest of Europe)

Europe was the largest market for silicone elastomers in 2021, in terms of value.

Germany, France, Italy, the UK, Spain, and Turkey are the major countries in the European silicone elastomers market. The trend of reducing vehicle weight to increase fuel efficiency is mainly driving the market for silicone elastomers in the automotive & transportation industry in Europe. The region also houses major silicone producing companies, such as Wacker Chemie AG and Elkem ASA (China National Bluestar (Group) Co., Ltd.).

- Asia-Pacific (China, Japan, Australia, New Zealand, South Korea, India, Southeast Asia, and the Rest of APAC)

- South America (Brazil, Argentina, Chile, Colombia, the Rest of the countries, etc.)

- the Middle East and Africa (Saudi Arabia, United Arab Emirates, Israel, Egypt, Turkey, Nigeria, South Africa, Rest of MEA)

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Reasons to Procure this Report:

The research would help top administration/policymakers/professionals/product advancements/sales managers and stakeholders in this market in the following ways.

The report provides Automotive Silicone Elastomers market revenues at the worldwide, regional, and country levels with a complete analysis to 2029 permitting companies to analyze their market share and analyze projections, and find new markets to aim for.

The research includes the Automotive Silicone Elastomers market split by different types, applications, technologies, and end-uses. This segmentation helps leaders plan their products and finances based on the upcoming development rates of each segment.

Automotive Silicone Elastomers market analysis benefits investors by knowing the scope and position of the market giving them information on key drivers, challenges, restraints, and expansion chances of the market and moderate threats.

This report would help to understand competition better with a detailed analysis and key strategies of their competitors and plan their position in the business.

The study helps evaluate Automotive Silicone Elastomers business predictions by region, key countries, and top companies' information to channel their investments.

What is new in 2023?

- Major developments that can change the business landscape as well as market forecasts.

- Addition/refinement in segmentation-Increase in depth or width of segmentation of the market.

- Coverage of new market players and change in the market share of existing players of the Automotive Silicone Elastomers market.

- Updated financial information and product portfolios of players operating in the Automotive Silicone Elastomers market.

- Updated market developments of the profiled players.

- Any new data points/analysis (frameworks) which was not present in the previous version of the report

The new edition of the report consists of trends/disruptions on customer's business, tariff and regulatory landscape, pricing analysis, and a market ecosystem map to enable a better understanding of the market dynamics for Automotive Silicone Elastomers.

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