Automotive
silicone is a heat-resistant & rubber-like polymer used in manufacturing
lubricants, sealants, adhesives, and thermal & electrical insulation. It
offers superior properties to increase the efficiency of the vehicle, for
instance durability, strength, resistance, and ultraviolet resistance. Its
resistance to ultraviolet radiation, abrasion, and chemicals make silicone the
best choice in the automotive sector.
According
to study, “Global
Automotive Silicone Market Size study, by Type (Elastomers, Resins, Gels and
Fluids), Application (Interior & Exterior, Engines, Electrical and Others
and Regional Forecasts 2018-2025” the key companies operating in the
global automotive silicon market are Momentive Performance Materials, Henkel AG
& Co., Wacker Chemie AG, KCC Corporation, Evonik Industries AG, Dowdupont
Inc., Elkem Silicones, Primasil Silicones Ltd., Shin Etsu Chemical Co. Ltd.,
Siltech Corp., Rogers Corporation,
Kaneka Corporation, NuSil Technology LLC, Bostik, ACC Silicones Ltd., Kibaru
Manufacturing Sdn Bhd, Milliken & Company, Novagard Solutions, Mccoy
Performance Silicones Pvt., Permatex, Brb Internation BV., Wynca Tinyo Silicone
Co., Ltd., GW Plastics,
Based
on type, automotive silicon market is segmented into resins, fluids, elastomers
and gels. Based on forms, market is segmented into compounds, bases, and
liquid. In addition, based on application, market is segmented into engines,
interior & exterior, electrical, and others (ventilation flaps, paint &
plastic polishes, rain & distance sensors, sheathing & protecting,
molds & prototypes and break-protection caps). Engines include gaskets,
sealing, potting & bonding, radiator seals, filtration and vibration
dampening. Interior & exterior include headlamps, airbags, exterior trim,
exhaust hangers, membrane, interior trim, hoses, grommets, and shock absorbers.
Additionally, electrical segment includes sparkplug boots, power transmission,
ignition cables, HT cables, damping & insulation, EV battery seals, and
connectors.
The
automotive silicon market is driven by growth of novel applications, followed
by stringent regulations on vehicular emissions & fuel efficiency, growth
in automotive industry, increase in environmental concerns, rise in demand from
end-use industries, increase in consumer preferences for high-performance
vehicles, new product developments, rise in preference for vertical
integration, surge in demand for pedestrian airbags and increase in demand of
high efficiency & lightweight materials in automotive industry. However,
high production cost and rise in adoption of electric vehicles may impact the
market. Moreover, growth in emerging economies and rise in trend of using
electric & hybrid vehicle are key opportunities for market.
Based
on geography, the Asian-Pacific region dominates the automotive silicon market
owing to growth in the automotive industry, rise in improvement in standards of
living, and easy availability of raw materials used in the manufacture of
automotive silicone in the region. The North-American and European regions are
estimated to witness fastest growth rate due to rise in automobile production
and growth in use of silicone-based film adhesives in car customization over
the forecast period. It is projected that future of the market will be bright
caused by rise in disposable income & increase in population, growth in
technological advancements such as appropriate use of silicone rubber with
thermoplastics to provide improvements in scratch or mar resistance &
lowered frictional coefficient during the forecast period. It is angticipated
that the market will be reached at US $3. 9 billion, by 2025.
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