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Automotive Silicone Market by type (Elastomers, Fluids, Resins, And Gels), by application (Engine & Drive Train Systems, Interior & Exterior, Electrical Systems, Suspension Systems, and others), by region (North America, Latin America, Asia Pacific, Europe, Middle East and Africa) – industry analysis, size, share, expansion, trends, forecasts (2021 – 2027).

Published: January, 2022
ID: 9743
Pages: 175

Market Overview

The global automotive silicone industry is prophesized to develop from USD 2.28 billion in 2021 to USD 3.39 billion by the end of 2026, registering a CAGR of about 8% from 2021 to 2026. In this report, 2021 is taken as the base year and the foreseen period is from 2021 to 2026.

Silicone is a type of inorganic polymers made of replicating units of siloxane that is a chain of changing silicon and oxygen atoms. Silicone has notable features like permeability to gases, electric insulation, less reactivity to chemicals, less conductivity to heat, low toxicity,  ultraviolet (UV) light resistance and oxidative stability. Due to these characteristics, silicone is highly employed in several applications in the automotive industry. Since silicone products are highly being employed in automobiles to enhance reliability, safety, and comfort and make automobiles light in weight, silicone has become important in evolution of the automobile technology. Silicone has usually been employed as an automotive material. Silicone is often used to create gaskets that can be employed in automotive engines, transmissions, and other applications. Automotive spark plug wires are insulated by various silicone layers to avoid sparks from reaching adjacent wires, avoiding misfires. Silicone tubing is at times employed in automotive intake systems.

Silicones are also called as polysiloxanes, which are made up of siloxanes. Siloxane is a chain of alternate silicon atom and oxygen atom that is combined with carbon and hydrogen.

Recent Developments and Trends

Dow introduced next-generation of silicone optical bonding materials for the automotive sector, which was displayed at CES Asia. Dow Performance Silicones, a leader in silicones, silicone-based technology and innovation unveiled at CES Asia 2019 (booth N1-1014) two latest optical bonding solutions for automotive and customer displays exposed to rough environmental conditions. 

Recently, Lanzhou Bluestar Cleaning and Elkem Silicones introduced two latest products “Bluestar Waterproofing Agent” and “Blue Star Antifogging Agent” (“two agents”) in the national car supplies industry. This cooperation, following the principle of complementary benefits and win-win results, fully reflects the output of several positive discussions and in-depth interactions between Lanzhou Bluestar Cleaning and Elkem Silicones.

Drivers and Restraints:

The automotive silicone industry is witnessing high expansion across the world owing to rising call for better qualitative and enhanced performance automotive products, and rising employment of silicone in the automotive industry, in growing industries like Asia Pacific and Latin America. The global automotive silicone industry is also developing as there is a rising call for highly efficient and lightweight materials in the automotive industry that assists them in improving the durability and efficiency of vehicles. Rising employment of silicone-based film adhesives in car customization is estimated to drive the worldwide automotive silicone industry during the foreseen period. With new technological developments in the paints & coatings industry, silicone is being highly employed in combination with thermoplastics to offer paint finishes with scratch and mar resistance. The rising ownership of passenger cars dominated by expansion of the economy and increasing disposable income in countries like India, China, Mexico, and Vietnam are estimated to drive the industry for automotive silicone in these regions in the coming years.

Increasing call for lightweight materials in the automotive industry and rising automotive industry worldwide are the key factors driving the industry expansion. Lightweight metals may be engaged in the vehicles in wrought as well as cast types. Aluminum, as a stamped sheet, can be used extensively in vehicle structures and closures. Lightweight components are essential for accelerating the fuel-efficiency of modern cars while maintaining their safety and performance. As a lighter car requires less energy compared to heavier ones, lightweight parts offer more potential for both automakers and buyers. Not only these lightweight vehicles are energy efficient, but they also improve performance.

Rising adoption of EV and changes in raw material costs are the major restraints hampering the expansion of the industry worldwide. Rising employment of electric vehicle is estimated to restrain the expansion of the global industry. The rising trend of using electric and hybrid vehicle and employment of automotive silicone in the making of these vehicles is estimated to offer high opportunities for the expansion of the global automotive silicone industry.

Market Segmentation:

By type:

  • Elastomers
  • Fluids
  • Resins
  • Gels

Silicone elastomers provide excellent durability and stable performance over a broad range of temperatures. They are increasingly used in the automobile industry as sealing materials, adhesives, and potting agents for electronic control units in vehicles. Silicone resins are employed to manufacture heat-resistant and flame-retardant binders and heat-resistant paints, as they create films with excellent properties like heat resistance, weather-ability, and water resistance.

By application:

  • engine & drive train systems
  • interior & exterior
  • electrical systems
  • suspension systems
  • others

Automotive silicone is engrossed the largest in the interior & exterior segment. This is employed in bonding and sealing of interior and exterior cosmetic parts.

Regional Analysis:

Marked Segmentation based on the region:

  1. North America
    1. U.S
    2. Canada
  2. Europe
    1. Norway
    2. Germany
    3. Sweden
  3. Asia Pacific
    1. China
    2. India
    3. Japan
  4. Latin America
    1. Brazil
    2. Mexico
    3. Argentina
  5. Middle East and Africa

a. Middle East

b. Africa

Asia Pacific is estimated to dominate the global automotive silicone industry, on the basis of consumption, during the foreseen period. This is credited to the increasing call for automotive silicone from the vehicle industry in the Asia Pacific region. The developments of the automotive silicone industry in Asia Pacific can be attributed to easy availability of raw materials for the production of this silicone and development of the automotive industry in the area, particularly in growing countries like India, South Korea, and China. The industry for automotive silicone in North America is estimated to showcase high expansion during the estimated period, owing to revival of the economy and increase in automobile production. The industry in Europe is estimated to showcase a slow expansion rate throughout the envisioned period, owing to slow expansion of the economy in Europe. The Europe industry accounted for major share on the basis of revenue in the worldwide industry, due to availability of key automotive makers in the area. The North America automotive silicone industry is likely to showcase an average expansion on the basis of revenue over the forecast period.

Key Players:

Major players working in the global automotive silicone industry are ACC Silicones Ltd., Momentive, Shin-Etsu Chemical Co., Ltd., NuSil, DowDuPont, Kaneka Corporation, Primasil Silicones Limited, Evonik Industries AG, KCC Corporation, Wacker Chemie AG, Henkel AG & Co. KGaA, Rogers Corpor

1. Introduction                          

             1.1 Market Definition                

             1.2 Scope of the report             

             1.3 Study Assumptions             

             1.4 Base Currency, Base Year and Forecast Periods                   

2. Research Methodology                                   

             2.1 Analysis Design                  

             2.2 Research Phases                 

                          2.2.1 Secondary Research         

                          2.2.2 Primary Research             

                          2.2.3 Data Modelling   

                          2.2.4 Expert Validation

             2.3 Study Timeline                    

3. Report Overview                                

             3.1 Executive Summary            

             3.2 Key Inferencees                   

4. Market Dynamics                               

             4.1 Impact Analysis                   

                          4.1.1 Drivers    

                          4.1.2 Restaints

                          4.1.3 Opportunities     

             4.2 Regulatory Environment                  

             4.3 Technology Timeline & Recent Trends                     

5. Competitor Benchmarking Analysis                           

             5.1 Key Player Benchmarking                

                          5.1.1 Market share analysis      

                          5.1.2 Products/Service 

                          5.1.3 Regional Presence           

             5.2 Mergers & Acquistion Landscape                

             5.3 Joint Ventures & Collaborations                  

6. Market Segmentation                                     

             6.1 Automotive Silicone Market, By Type                       

                          6.1.1 Elastomers          

                          6.1.2 Fluids     

                          6.1.3 Resins     

                          6.1.4 Gels        

                          6.1.5 Market Size Estimations & Forecasts (2019-2024)            

                          6.1.6 Y-o-Y Growth Rate Analysis        

                          6.1.7 Market Attractiveness Index        

             6.2 Automotive Silicone Market, By Application            

                          6.2.1 Engine & Drive Train Systems      

                          6.2.2 Interior & Exterior           

                          6.2.3 Electrical Systems

                          6.2.4 Suspension Systems        

                          6.2.5 Market Size Estimations & Forecasts (2019-2024)            

                          6.2.6 Y-o-Y Growth Rate Analysis        

                          6.2.7 Market Attractiveness Index        

7. Geographical Landscape                                

             7.1 Global Identity Governance and Administration Market, by Region             

             7.2 North America - Market Analysis (2018 - 2024)                 

                          7.2.1 By Country          

                                      7.2.1.1 USA

                                      7.2.1.2 Canada

                          7.2.2 By Type  

                          7.2.3 By Application     

             7.3 Europe                    

                          7.3.1 By Country          

                                      7.3.1.1 UK

                                      7.3.1.2 France

                                      7.3.1.3 Germany

                                      7.3.1.4 Spain

                                      7.3.1.5 Italy

                                      7.3.1.6 Rest of Europe

                          7.3.2 By Type  

                          7.3.3 By Application     

             7.4 Asia Pacific             

                          7.4.1 By Country          

                                       7.4.1.1 China

                                      7.4.1.2 India

                                      7.4.1.3 Japan

                                      7.4.1.4 South Korea

                                      7.4.1.5 South East Asia

                                      7.4.1.6 Australia & NZ

                                      7.4.1.7 Rest of Asia-Pacific

                          7.4.2 By Type  

                          7.4.3 By Application     

             7.5 Latin America                      

                          7.5.1 By Country          

                                      7.5.1.1 Brazil

                                      7.5.1.2 Argentina

                                      7.5.1.3 Mexico

                                      7.5.1.4 Rest of Latin America

                          7.5.2 By Type  

                          7.5.3 By Application     

             7.6 Middle East and Africa                    

                          7.6.1 By Country          

                                      7.6.1.1 Middle East

                                      7.6.1.2 Africa

                          7.6.2 By Type  

                          7.6.3 By Application     

8. Key Player Analysis                            

             8.1 ACC Silicones Ltd               

                          8.1.1 Business Description       

                          8.1.2 Products/Service 

                          8.1.3 Financials

                          8.1.4 SWOT Analysis    

                          8.1.5 Recent Developments     

                          8.1.6 Analyst Overview

             8.2 Momentive             

             8.3 Shin-Etsu Chemical Co., Ltd                        

             8.4 DowDuPont            

             8.5 Kaneka Corporation                        

             8.6 Primasil Silicones Limited               

             8.7 Evonik Industries AG                       

             8.8 KCC Corporation                 

             8.9 Wacker Chemie AG             

             8.10 Henkel AG & Co. KGaA                  

9. Market Outlook & Investment Opportunities                          

Appendix                                  

             List of Tables                

             List of Figures              

  1. Global Automotive Silicone Market By Region, From 2022 - 2027 ( USD Billion )
  2. Global Automotive Silicone Market By Type, From 2022 - 2027 ( USD Billion )
  3. Global Elastomers Market By Region, From 2022 - 2027 ( USD Billion )
  4. Global Fluids Market By Region, From 2022 - 2027 ( USD Billion )
  5. Global Resins Market By Region, From 2022 - 2027 ( USD Billion )
  6. Global Gels Market By Region, From 2022 - 2027 ( USD Billion )
  7. Global Automotive Silicone Market By Application, From 2022 - 2027 ( USD Billion )
  8. Global Engine & Drive Train Systems Market By Region, From 2022 - 2027 ( USD Billion )
  9. Global Interior & Exterior Market By Region, From 2022 - 2027 ( USD Billion )
  10. Global Electrical Systems Market By Region, From 2022 - 2027 ( USD Billion )
  11. Global Suspension Systems Market By Region, From 2022 - 2027 ( USD Billion )

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