info@marketresearchfuture.com 📞 +1 628 258 0071(US)  📞 +44 2035 002 764(UK)
Automotive Silicone Market Research Report - Forecast to 2030

Global Automotive Silicone Market Information: by-product (elastomers, adhesives & sealants, resins), application (interior & exterior parts, electrical system, engine & drive train system, suspension system), and region- Forecast till 2030

ID: MRFR/CnM/4372-HCR | February 2021 | Region: Global | 100 pages

Automotive Silicone Market Speak to Analyst Request a Free Sample

Automotive Silicone Market Overview

Automotive silicone market is expected to reach CAGR 6.88% during the forecast 2021-2030.

Automotive silicone offers superior properties to increase the efficiency of the vehicle, such as strength, resistance, and durability. Its resistance to abrasion, ultraviolet radiation, and chemicals make silicone the best choice in the automotive sector.


The global automotive silicone market is majorly driven by the increasing demand for lightweight, efficient, and durable automotive across the globe. This growth is attributed to the shifting trends of lifestyle and high disposable income. Automotive silicones are widely consumed in the automotive sector for manufacturing windshield lining, cables, ignition sets, airbag cushion coatings, and radiator seals among others. Additionally, the automotive silicone provides load bearing, vibration suppression, and protective shock absorption to the seats and dashboards, making the vehicle more comfortable. It is also used in tire remolding and lubricants to increase performance and durability of the engines. Furthermore, favoring government regulations and acts such as Clean Air Act and Clean Water Act by regulatory bodies has augmented the market growth during the assessment period. The Corporate Average Fuel Economy (CAFÉ) has set standards for fuel consumption by 2025, and the European Union has mandated to reduce CO2 emissions by 2020, which may augment the market growth. Additionally, EU Regulation 443/2009 sets an average CO2 emissions target for new passenger cars of 130gCO2/km, which may influence the demand for lightweight and efficient motors. Moreover, recent technological advancements such as the convenient use of silicone rubber with thermoplastics to provide improvements in scratch & mar resistance and lowered frictional coefficient are likely to propel the market growth over the next seven years. The increasing trend for the usage of the electric and hybrid vehicle and the use of silicone in making parts of them is anticipated to offer substantial market growth during the review period.


Global Automotive Silicone, by the application (%)


 Automotive Silicone Market


Source: MRFR analysis


Regional Analysis


The global automotive silicone market is segmented into five regions of Asia Pacific, Europe, North America, Latin America, and the Middle East & Africa.


Asia Pacific is the leading region in the global automotive silicone market on account of the high production and sales of automotive in the region. The growing automotive industry in Japan, India, and China is the major factor driving the growth of the global market. The major automotive manufacturers in Asia Pacific region include Toyota, Honda, Nissan, Ford, Hyundai, and others. Furthermore, government regulations concerning the reduction of CO2 emissions and for environmental protection are likely to augment the market growth.


The North American regional market is growing on account of reviving automotive industry. The demand for the fuel-efficient vehicle along with the high disposable income is anticipated to fuel the market growth in the region.


Europe is expected to witness a significant growth due to the increased production and exportation of automotive parts in western European countries such as Germany, U.K, and others.


The increasing production and sales of automotive in Brazil is the major factor driving the global automotive silicone market in the Latin American region.


The growing demand for automotive in the Middle East & Africa is likely to propel the market growth in the coming years.


Segmentation


The global automotive silicone market is segmented on the basis of the product, application, and region.


The global automotive silicone market is segmented on the basis of the product as elastomers, adhesives & sealants, resins, and others.


By the application, the global automotive silicone market is segmented into interior & exterior, electrical system, engine & drive train system, suspension system, and others.


Geographically, the global automotive silicone market is spanned across five regions namely Asia Pacific, North America, Europe, Latin America, and the Middle East & Africa.


Key Players


Some of the manufacturers operating in the global automotive silicone market are Wacker Chemie AG (Germany), Dow Corning Corporation (U.S.), Momentive (U.S.), Elkem Silicone (U.S.), Shin-Etsu Chemical Co., Ltd. (Japan), Rogers Corporation (U.S.), Nusil (U.S.), Bostik (U.S.), Evonik Industries AG (Germany), KCC Corporation (South Korea), ACC Silicones Ltd (U.K), CSL Silicone Inc. (Canada), and Kaneka Corporation (Japan).

Recent Development

January 2021- Shin-Etsu Chemical Co., Ltd., a Tokyo-based chemical firm, has built innovative silicone thermal interface materials in electric vehicles (EV) and hybrid electric vehicles (HEV).
With the electrification of automobiles, the demand for heat dissipation measures for lithium-ion batteries and several other electronic control systems is growingly becoming more diversified and sophisticated. In answer to this rapidly changing environment, the company has built two types of latest products with unique characteristics:
o The “TC-PEN Series,” which features a soft thermal interface pad, distinctly reduced density that can meet the demand for a high level for EV and HEV applications,
o The “TC-SET Series” features a high thermal interface soft pad with very low compression set characteristics.

October 2021 – Rogers Corporation announced the acquisition of a leading European manufacturer of silicone material solutions, Silicone Engineering Ltd., based in Lancashire, UK. Silicone Engineering extends Rogers’ present advanced silicones platform. It offers Rogers a European Center of Excellence to service customers needing premium silicone solutions for applications in the EV/HEV, Medical, Industrial, and other markets.


Intended Audience



  • Automotive silicone Manufacturers

  • Traders and distributors of automotive silicone

  • Research and development institutes

  • Potential investors

  • Raw material suppliers

  • Nationalized laboratory



Report Scope:
Report Attribute/Metric Details
  Market Size   2030: Significant value
  CAGR   6.88% 2030
  Base Year   2021
  Forecast Period   2021-2030
  Historical Data   2019 & 2020
  Forecast Units   Value (USD Million)
  Report Coverage   Revenue Forecast, Competitive Landscape, Growth Factors, and Trends
  Segments Covered   By Product, Application and Region
  Geographies Covered    North America, Europe, Asia-Pacific, and Rest of the World (RoW)
  Key Vendors   Wacker Chemie AG (Germany), Dow Corning Corporation (U.S.), Momentive (U.S.), Elkem Silicone (U.S.), Shin-Etsu Chemical Co., Ltd. (Japan), Rogers Corporation (U.S.), Nusil (U.S.), Bostik (U.S.), Evonik Industries AG (Germany), KCC Corporation (South Korea), ACC Silicones Ltd (U.K), CSL Silicone Inc. (Canada), and Kaneka Corporation (Japan).
  Key Market Opportunities   The increasing trend for the usage of the electric and hybrid vehicle and the use of silicone in making parts of them is anticipated to offer substantial market growth during the review period.
  Key Market Drivers   The increasing demand for lightweight, efficient, and durable automotive across the globe.


Speak to Analyst Ask for Customization

Frequently Asked Questions (FAQ) :

The automotive silicone market is segmented based on application (suspension system, interior and exterior parts, engine and drive train system, and electrical system, and product (resins, elastomers, adhesives and sealants).

Asia Pacific will have the maximum share in the market during the forecast period.

Growing demand for lightweight automobiles, government regulations regarding environmental protection, growing trend for hybrid and electric cars, and technological advancements are adding to the growth of the automotive silicone market.

Notable players profiled in the automotive silicone market include Wacker Chemie AG (Germany), Shin-Etsu Chemical Co., Ltd. (Japan), Rogers Corporation (USA), Nusil (USA), KCC Corporation (South Korea), Momentive (USA), Kaneka Corporation (Japan), Evonik Industries AG (Germany), Elkem Silicone (USA), Dow Corning Corporation (USA), CSL Silicone Inc. (Canada), Bostik (USA), and ACC Silicones Ltd (UK).

Automotive silicone is widely used in the suspension system, drive train system and engine, exterior and interior parts, and electrical system.