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Key Emerging Trends in the Automotive Silicone Market
Just like how schools have rules and teachers to make sure everyone stays safe, the car world has its own set of rules too. These rules, made by the government, decide how cars should be made and what they should have to keep people safe. They affect everything from how the car looks to the cool features inside it, and even how it performs on the road. These rules make sure that cars are made in a way that protects everyone who uses them. These car rules are super important because, sadly, a lot of people get hurt in car accidents every year. According to the World Health Organization (WHO), about 1.3 million people lose their lives in road accidents, and many more get injured. These accidents don't just hurt the people involved, but they also cost a lot of money for their families and the whole country. Treatment for injuries, missed work or school, and other things all add up to a big loss of money. The WHO, which is like the leader in health for the whole world, is working hard to make roads safer. They say that in many countries, about 3% of all the money a country makes (called GDP) is lost because of road accidents. That's a lot! Most of the people who die in these accidents are from countries that don't have a lot of money. Even in rich countries, people from poorer families are more likely to be in accidents. The WHO is like the superhero for road safety. They work with countries all over the world to make sure everyone follows safety rules. They also team up with other organizations, like the Bloomberg Initiative for Global Road Safety, to help countries with fewer resources stay safe on the roads. Imagine if cars were superheroes too. Well, there's something called the United Nations World Forum for Harmonization of Vehicle Regulations. It makes rules about how cars should be built to keep everyone safe. Cars that follow these rules are less likely to get into accidents, and if they do, they cause less harm. But here's the catch: not all countries follow these rules. Only 40 countries are doing it right. As more and more people around the world start driving cars, it's really important that everyone follows the rules to make driving as safe as possible. One super important part of a car that keeps it safe is the suspension system. It's like the car's backbone, making sure it handles well and stops properly. With better safety rules, the demand for great suspension systems is growing. So, thanks to these safety rules, cars are becoming safer for all of us, one ride at a time. Covered Aspects:| Report Attribute/Metric | Details |
|---|---|
| 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. |
Automotive Silicone Market Highlights:
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