Quick Summary:
The emerging Silicone in Electric Vehicles market paints a promising picture for key stakeholders and industry enthusiasts looking to keep abreast on the latest trends, strategic movements and potential growth patterns in this pivotal space. As the market is forecasted to grow to an impressive US$2.7 billion by 2030, the acquisition of up-to-date market intelligence becomes a necessity to ensure informed decision-making and strategic planning.
Our comprehensive market research report offers in-depth insights and a granular analysis of the Silicone in Electric Vehicles market. It outlines key aspects such as geographic growth trends and forecasts, anticipated market size, leading competitors and their market shares. It also provides special coverage on challenges and opportunities following the ongoing post pandemic recovery. With access to digital archives, research platforms, and complimentary updates for one year, this report serves as an essential tool for navigating your business in this burgeoning market.
Global Silicone in Electric Vehicles Market to Reach $2.7 Billion by 2030
The global market for Silicone in Electric Vehicles estimated at US$1.6 Billion in the year 2022, is projected to reach a revised size of US$2.7 Billion by 2030, growing at a CAGR of 6.9% over the analysis period 2022-2030. Elastomers, one of the segments analyzed in the report, is projected to record 6.7% CAGR and reach US$1.4 Billion by the end of the analysis period. Taking into account the ongoing post pandemic recovery, growth in the Fluids segment is readjusted to a revised 7.7% CAGR for the next 8-year period.
The U.S. Market is Estimated at $468.4 Million, While China is Forecast to Grow at 6.4% CAGR
The Silicone in Electric Vehicles market in the U.S. is estimated at US$468.4 Million in the year 2022. China, the world's second largest economy, is forecast to reach a projected market size of US$468.5 Million by the year 2030 trailing a CAGR of 6.4% over the analysis period 2022 to 2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 6.5% and 5.4% respectively over the 2022-2030 period. Within Europe, Germany is forecast to grow at approximately 5.5% CAGR.Select Competitors (Total 42 Featured) -
- ACC Silicones Ltd.
- Elkem Silicones
- H.B. Fuller Company
- KCC Corporation
- LORD Corporation
- Nexeon Limited
- Rogers Corporation
- Shin-Etsu Chemical Co., Ltd.
- The Dow Chemical Company (Formerly Dow Corning)
- Wacker Chemie AG
What's New?
- Special coverage on Russia-Ukraine war; global inflation; easing of zero-Covid policy in China and its 'bumpy' reopening; supply chain disruptions, global trade tensions; and risk of recession.
- Global competitiveness and key competitor percentage market shares
- Market presence across multiple geographies - Strong/Active/Niche/Trivial
- Online interactive peer-to-peer collaborative bespoke updates
- Access to digital archives and Research Platform
- Complimentary updates for one year
What is the estimated value of the Global Market for Silicone in Electric Vehicles?
What is the growth rate of the Global Market for Silicone in Electric Vehicles?
What is the forecasted size of the Global Market for Silicone in Electric Vehicles?
Who are the key companies in the Global Market for Silicone in Electric Vehicles?
| Report Attribute | Details |
|---|---|
| No. of Pages | 93 |
| Published | December 2023 |
| Forecast Period | 2022 - 2030 |
| Estimated Market Value ( USD | $ 1.6 Billion |
| Forecasted Market Value ( USD | $ 2.7 Billion |
| Compound Annual Growth Rate | 6.8% |
| Regions Covered | Global |
Table of Contents
Companies Mentioned
A selection of companies mentioned in this report includes:
- ACC Silicones Ltd.
- Elkem Silicones
- H.B. Fuller Company
- KCC Corporation
- LORD Corporation
- Nexeon Limited
- Rogers Corporation
- Shin-Etsu Chemical Co., Ltd.
- The Dow Chemical Company (Formerly Dow Corning)
- Wacker Chemie AG
