|
|
(Transportation-News.com, October 23, 2019 ) Market Overview:
Silicone has frequently been used as an automotive material. Silicone is used to manufacture gaskets used in automotive engines, transmissions, and other applications. Automotive spark plug wires are insulated by multiple layers of silicone to prevent sparks from jumping to adjacent wires, causing misfires. Silicone tubing is sometimes used in automotive intake systems.
Additionally, silicone compounds such as silicone rubber are used as coatings and sealants for airbags; the high strength of silicone rubber makes it an optimal adhesive/sealant for high impact airbags. Recent technological advancements allow the convenient use of silicone in combination with thermoplastics to provide improvements in scratch and mar resistance and lowered coefficient of friction.
Market Dynamics:
Rising demand for lightweight materials in the automotive industry and increasing automotive industry worldwide are the major factors driving the market growth. Lightweight metals may be used in the vehicle in both wrought and cast forms. Aluminum, in the form of stamped sheet, has the potential to be used extensively in vehicle structures and closures. Lightweight materials are essential for boosting the fuel economy of modern cars while maintaining their safety and performance.
Growing adoption of EV and fluctuations in raw material prices are the key restraints hindering the growth of the market globally.
Market Segmentation:
By application, the Automotive Silicone market is segmented into electrical systems, engines, suspension systems, interior & exterior, and others. Demand is increased in the manufacturing of different parts of vehicles owing to the greater characteristics of silicones.
The interior & exterior application segment is expected to grab a major market share in the forecast period. The product is used in the interior & exterior parts such as seat belts, door panels, tires, cables & plugs, instrumental panels, flooring, and, lubricants. This is extensively used in all of these parts in the form of adhesives, coatings, sealant, and, rubber. Companies have been using latest technologies to develop products.
By type, the Automotive silicone market is segmented into fluids, resins, gels, elastomers, and others. The Automotive Silicone market size by application was worth USD YY million in 2018 and is estimated to reach USD YY million by 2026, at a CAGR of YY% during the forecast period.
Download free Report Sample: https://www.datamintelligence.com/download-sample/automobile-silicone-market
Geographical Analysis:
Geographically, the market is divided into North America, Europe, South America, Asia-Pacific and the Middle East and Africa.
Asia Pacific is expected to grow with a high CAGR rate in the forecast period. The rising automotive industry in this region has open major opportunities for the growth of the automotive silicone market. Growing usage of automotive silicone in various applications, such as exterior & interior, engine components, and electrical applications, is driving the automotive silicone market in APAC.
Competitive Analysis:
Some of the major players include Dowdupont, KCC Corporation, Siltech, Momentive Performance Materials, Wacker Chemie, Mccoy Performance Silicones, Simtech Silicone Parts, Silicone Solutions, Specialty Silicone Products Inc and Elkem Silicones.
Enquire about the report: https://www.datamintelligence.com/enquiry/automobile-silicone-market
View Full Report Sample: https://www.datamintelligence.com/research-report/automobile-silicone-market
About Us:
DataM Intelligence was incorporated in the early weeks of 2017 as a Market Research and Consulting firm with just two people on board. Within a span of less than a year we have secured more than 100 unique customers from established organizations all over the world.
For more information:
Sai Kiran
Sales Manager at Data M Intelligence
Email: pr@datamintelligence.com
Tel: +1 877 441 4866
Website: www.datamintelligence.com
DataM Intelligence
Sai Kiran
+1 877 441 4866
pr@datamintelligence.com
Source: EmailWire.Com 
Source: EmailWire.com
|
