Press release
Rising Fuel Efficiency Vehicles Propelling Automotive Silicone Market Growth: A Key Factor Shaping the Future of the Automotive Silicone Market Market in 2025
Automotive Silicone Market Size Market Size
The upward trend in the demand for fuel-efficient cars is anticipated to spur the expansion of the automotive silicone market. These are vehicles that provide better mileage per gallon of fuel as compared to their less efficient counterparts. Automotive silicones aid in reducing the weight of vehicles, which subsequently leads to reduced pollution and improved fuel efficiency. For instance, over 2.3 million electric cars were sold in the first quarter of 2023, evidenced by data from the France-based autonomous organization, Internal Energy Agency, showing an increase of 25% in comparison to the same period in 2022. The sales are projected to strike 14 million by the end of 2023, showcasing a 35% increase on a year on year basis, with the growth expected to surge in the latter part of the year. Hence, this upward trajectory in demand for fuel-efficient vehicles is propelling the expansion of the automotive silicone market.
Get Your Automotive Silicone Market Market Report Here:
https://www.thebusinessresearchcompany.com/report/automotive-silicone-global-market-report
What is the future CAGR of the automotive silicone market market, and how will it impact industry expansion?
There has been solid growth in the automotive silicone market size in the past few years. The market is predicted to rise from $7.47 billion in 2024 to $8.03 billion in 2025, documenting a compound annual growth rate (CAGR) of 7.5%. Factors contributing to this growth in the historical timeframe includes an upswing in automotive manufacturing, strict emission standards, a surge in consumer demand for comfort, heightened vehicle electrification, as well as heightened requirements for performance and durability.
In the ensuing years, the automotive silicone market is likely to experience robust growth, ballooning to a size of $10.92 billion by 2029 with a compound annual growth rate (CAGR) of 8.0%. This anticipated growth during the forecasted period can be linked to the transition to electric and hybrid vehicles, advances in lightweight technology, an increased demand for advanced safety systems, autonomous vehicles, and emphasis on eco-friendly practices. Key trends projected for this period consist of improved integration of interiors and electronics, a wider application of coatings for exteriors, the creation of silicone-based tires, and a stronger emphasis on sustainable solutions.
Get Your Free Sample Now - Explore Exclusive Market Insights:
https://www.thebusinessresearchcompany.com/sample.aspx?id=8188&type=smp
What are the most significant trends transforming the automotive silicone market market today?
One emerging trend in the automotive silicone market is an emphasis on product innovation. Numerous firms in this field are creating innovative products using cutting-edge technology to solidify their market position. As an example, Dow, an American chemical corporation, introduced the SILASTIC SA 994X Liquid silicone rubber (LSR) in December 2022. This multipurpose, self-adhesive, no primer needed, and self-lubricating LSR- with an equal mix ratio is designed for two-component injection molding compatible with thermoplastic substrates like polybutylene terephthalate and polyamide. This new range can be utilized in a multitude of automotive applications.
Which key market segments comprise the automotive silicone market market and drive its revenue growth?
The automotive silicone market market covered in this report is segmented -
1) By Type: Elastomers, Resins, Gels, Fluids
2) By Form: Sealant, Tape, Epoxy
3) By Application: Interior and Exterior, Engines, Electrical, Tires, Other Applications
Subsegments:
1) By Elastomers: Silicone Rubber, Liquid Silicone Rubber (LSR), High-Temperature Vulcanized (HTV) Silicone
2) By Resins: Silicone Resins, Modified Silicone Resins, Alkoxy-Modified Silicone Resins
3) By Gels: Silicone Gels, Thermally Conductive Silicone Gels, Pressure-Sensitive Adhesive Silicone Gels
4) By Fluids: Silicone Fluids, Dimethyl Silicone Fluids, Phenyl Methyl Silicone Fluids
Unlock Exclusive Market Insights - Purchase Your Research Report Now!
https://www.thebusinessresearchcompany.com/purchaseoptions.aspx?id=8188
What regions are at the forefront of automotive silicone market market expansion?
Asia-Pacific was the largest region in the automotive silicone market in 2024. The regions covered in the automotive silicone market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
Who are the leading players fueling growth in the automotive silicone market market?
Major companies operating in the automotive silicone market market include 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, Laur Silicone Inc., DOWSIL, CHT Group, Silicones Emerald Performance Materials, GELEST INC., Jiangsu Mingzhu Silicone Rubber Material Co. Ltd., Kaneka Corporation, DuPont de Nemours Inc., ARCOSILICONE.COM, Simtec Systems GmbH, Vanguard Products Corporation, BJB Enterprises Inc., Klinger IGI Inc., Polymershapes, Wacker Chemical Corp., Teknowate, Tempron Products Corp.
Customize Your Report - Get Tailored Market Insights!
https://www.thebusinessresearchcompany.com/sample.aspx?id=8188&type=smp
What Is Covered In The Automotive Silicone Market Global Market Report?
• Market Size Forecast: Examine the automotive silicone market market size across key regions, countries, product categories, and applications.
• Segmentation Insights: Identify and classify subsegments within the automotive silicone market market for a structured understanding.
• Key Players Overview: Analyze major players in the automotive silicone market market, including their market value, share, and competitive positioning.
• Growth Trends Exploration: Assess individual growth patterns and future opportunities in the automotive silicone market market.
• Segment Contributions: Evaluate how different segments drive overall growth in the automotive silicone market market.
• Growth Factors: Highlight key drivers and opportunities influencing the expansion of the automotive silicone market market.
• Industry Challenges: Identify potential risks and obstacles affecting the automotive silicone market market.
• Competitive Landscape: Review strategic developments in the automotive silicone market market, including expansions, agreements, and new product launches.
Connect with us on:
LinkedIn: https://in.linkedin.com/company/the-business-research-company,
Twitter: https://twitter.com/tbrc_info,
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ.
Contact Us
Europe: +44 207 1930 708,
Asia: +91 88972 63534,
Americas: +1 315 623 0293 or
Email: mailto:info@tbrc.info
Learn More About The Business Research Company
With over 15,000+ reports from 27 industries covering 60+ geographies, The Business Research Company has built a reputation for offering comprehensive, data-rich research and insights. Our flagship product, the Global Market Model delivers comprehensive and updated forecasts to support informed decision-making.
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Rising Fuel Efficiency Vehicles Propelling Automotive Silicone Market Growth: A Key Factor Shaping the Future of the Automotive Silicone Market Market in 2025 here
News-ID: 3892684 • Views: …
More Releases from The Business Research Company
Company Registration Service Market Landscape 2025: Forecast Data and Growth Str …
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.
What Is the Expected CAGR for the Company Registration Service Market Through 2025?
The market size for company registration services has seen robust growth in the recent past. The market is projected to expand from $10.67 billion in 2024 to $11.55 billion in 2025, exhibiting a compound annual growth…
Comprehensive 2025 Commercial Toilet Partition Market Overview: Trends, Forecast …
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.
What Is the Expected CAGR for the Commercial Toilet Partition Market Through 2025?
In recent years, the market size for commercial toilet partitions has significantly expanded. The forecast predicts a rise from $1.82 billion in 2024 to $1.95 billion in 2025, with a compound annual growth rate (CAGR) of…
Key Trends Influencing the Growth of the Commercial Insurance For Small And Medi …
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.
What Is the Expected CAGR for the Commercial Insurance For Small And Medium-Sized Enterprises (SMEs) Market Through 2025?
The market size of commercial insurance for small and medium-sized enterprises (SMEs) has seen substantial growth over the recent years. A rise from $111.83 billion in 2024 to $119.76 billion in…
Growing Focus On Reducing Greenhouse Gas Emissions Driving The Market Growth Due …
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.
What Is the Expected CAGR for the Combustion Emissions Analyzer Market Through 2025?
In the past few years, the market size for combustion emissions analyzer has seen robust growth. It is projected to increase from $1.02 billion in 2024 to $1.09 billion in 2025, with a compound annual growth…
More Releases for Silicone
Revolutionizing Industries: Tenchy Silicone Introduces Cutting-Edge Silicone Tub …
Shenzhen Tenchy Silicone And Rubber Co., Ltd, a renowned leader in silicone products manufacturing, proudly announces the launch of its advanced silicone tubing solutions. Designed to meet the diverse needs of industries such as medical, automotive, and food and beverage, these innovative products represent a significant step forward in silicone technology.
In a world where reliability, performance, and versatility are paramount, silicone tubing stands out as a material of choice for…
Five common properties of silicone and the primary Types of Silicone
Silicones are a versatile class of polymers that come in various forms, offering immense potential for customization to meet the precise needs of the medical and aerospace sectors. Their characteristics enable them to perform diverse functions, such as sealing, lubricating, and fulfilling a host of other tasks.
Silicone's versatility is attributed to its unique physical and mechanical properties, which make it a valuable material in various industries. This article will delve…
Tenchy Silicone: Quality Silicone Tube Supplier for Different Industries
Tenchy Silicone is proud to announce the opening of their new headquarters, which will provide a quality silicone tube supplier service to different industries and businesses. Their silicone tubes are made from FDA-approved materials and are temperature resistant up to 230 degrees Celsius. All products come with an assurance of quality from Tenchy Silicone's team of experienced engineers and technicians who ensure that each product meets customer needs and specifications.…
Tenchy Silicone introducing new silicone foam strip
Tenchy Silicone, the leading provider of high-quality silicone foam strip, is proud to announce their newest product. The Silicone Foam Strip features a combination of both closed-cell and open-cell foaming technologies which offers outstanding thermal insulation and water resistance properties as well as superior airtight performance. It also provides excellent cushioning for equipment, machinery, components and instruments to ensure protection from dust, moisture, abrasion and shock. In addition to its…
Tenchy Silicone Announces Expansion on Silicone Tube Supplier Selection
Tenchy Silicone, a leading silicone tube supplier, is pleased to announce the expansion of its selection of products and services for customers. With over ten years of experience in the industry, the company has established a reputation for providing top-quality silicone tubes that meet customer needs and expectations. The new product line includes tubing from various manufacturers and offers a wide range of materials and sizes to accommodate every project.…
Tenchy Silicone Unveils their New Silicone Seal Gasket
Tenchy Silicone recently released a new silicone seal gasket designed to be used in a variety of industrial applications. It also provides excellent temperature insulation thanks to its ability to withstand temperatures up to 260 °C without any deformation or loss of strength, making it ideal for large-scale industrial projects. The silicone seal gasket is also unaffected by chemicals and ultraviolet light, making it suitable for numerous industries including automotive,…
