The global silicone in electric vehicles (EVs) market size is poised to reach USD 1.80 billion by 2025, experiencing a CAGR of 8.1% during the forecast period. Silicone exhibits properties such as superior electrical insulation, thermal conductivity, chemical stability, flame retardancy, and resistance to heat, radiation, moisture, chemical, and light.
Silicone offers better temperature resistance at both high and low temperatures in comparison to other rubbers. It can withstand a higher temperature limit of up to 150°C and a lower temperature limit of up to -40°C. The temperature resistance property exhibited by silicone widens its application scope in electric vehicles. These useful properties of silicone are likely to fuel its demand in different forms for use in electric vehicles over the coming years. However, organic rubber substitutes are projected to pose a threat to the demand for silicone, which may challenge the consumption of the products in electric vehicle.
Climate change regulations to curb pollution are expected to have a positive impact on the environment and purchasing behavior of consumers. The transportation industry is in need of a paradigm shift from fossil fuel energy to electric energy. This change is estimated to be supported by reformed government regulations, rising concerns regarding air pollution, social perspective about pollution control, and technological advancements in the electric vehicle industry. Currently, Asia Pacific is leading the EV industry on account of increasing demand for EVs from emerging economies such as China, India, and others. This is anticipated to render Asia Pacific a promising destination for silicone products in EV.
Further key findings from the report suggest:
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Silicone offers better temperature resistance at both high and low temperatures in comparison to other rubbers. It can withstand a higher temperature limit of up to 150°C and a lower temperature limit of up to -40°C. The temperature resistance property exhibited by silicone widens its application scope in electric vehicles. These useful properties of silicone are likely to fuel its demand in different forms for use in electric vehicles over the coming years. However, organic rubber substitutes are projected to pose a threat to the demand for silicone, which may challenge the consumption of the products in electric vehicle.
Climate change regulations to curb pollution are expected to have a positive impact on the environment and purchasing behavior of consumers. The transportation industry is in need of a paradigm shift from fossil fuel energy to electric energy. This change is estimated to be supported by reformed government regulations, rising concerns regarding air pollution, social perspective about pollution control, and technological advancements in the electric vehicle industry. Currently, Asia Pacific is leading the EV industry on account of increasing demand for EVs from emerging economies such as China, India, and others. This is anticipated to render Asia Pacific a promising destination for silicone products in EV.
Further key findings from the report suggest:
- North America silicone elastomers in electric vehicles (EV) market was valued at USD 128.47 million in 2017. Federal government initiative launched in last quarter of 2017 under the Internal Revenue Service (IRS) to allow tax rebate in the range of USD 2,500 to USD 7,500 per new EV procured for use in the U.S. is poised to boost the demand for electric vehicles
- China is one of the largest markets for silicone in electric vehicles in Asia Pacific. It was valued at USD 261.07 million in 2017. Rapid urbanization is playing a vital role in the growth of the market in the country
- Large number of market players with global presence, including Wacker Chemie AG, Elkem Silicones, H.B. Fuller Company, KCC Corporation, and Shin-Etsu Chemical Co., Ltd is likely to trigger competition in the future.
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Table of Contents
Chapter 1 Methodology and Scope1.1 Research Methodology
1.2 Research Scope and Assumptions
1.3 List of Data Sources
1.4 List of Abbreviations
Chapter 2 Executive Summary
2.1 Market Summary
Chapter 3 Silicone in Electric Vehicles: Market Variables, Trends and Scope
3.1 Silicone in electric vehicles - Market segmentation
3.2 Penetration & growth prospect mapping
3.3 Silicone in electric vehicles market value chain analysis
3.4 Raw material outlook
3.4.1 Silica
3.4.2 Crosslinkers
3.4.3 Catalyst
3.4.4 Additives
3.4.5 Colorants
3.5 Regulatory framework
3.5.1 Existing regulations and directives on electric vehicles
3.5.2 International industry standards
3.6 Silicone in electric vehicles market dynamics
3.7 Market trends & outlook
3.7.1 Market driver analysis
3.7.2 Market restraints analysis
3.8 Silicone in electric vehicles market Porter’s analysis
3.9 Silicone in electric vehicles market PESTEL analysis
Chapter 4 Silicone in Electric Vehicles: Type Estimates & Trend Analysis
4.1 Silicone in electric vehicles market: Type movement analysis, 2017 & 2025
4.2 Elastomers
4.2.1 Market estimates and forecasts, By Elastomers, 2014 - 2025 (USD Million)
4.2.2 Market estimates and forecasts, by Elastomers, By Region, 2014 - 2025 (USD Million)
4.3 Fluids
4.3.1 Market estimates and forecasts, By Fluids, 2014 - 2025 (USD Million)
4.3.2 Market estimates and forecasts, by Fluids, By Region, 2014 - 2025 (USD Million)
4.4 Resins
4.4.1 Market estimates and forecasts, By Resins, 2014 - 2025 (USD Million)
4.4.2 Market estimates and forecasts, by Resins, By Region, 2014 - 2025 (USD Million)
4.5 Others
4.5.1 Market estimates and forecasts, By others, 2014 - 2025 (USD Million)
4.5.2 Market estimates and forecasts, by others, By Region, 2014 - 2025 (USD Million)
Chapter 5 Silicone in Electric Vehicles: Regional Estimates & Trend Analysis
5.1 Global Silicone in Electric Vehicles market revenue share, by region, 2017 & 2025
5.2 North America
5.2.1 Market estimates and forecasts, 2014 - 2025 (USD Million)
5.2.2 Market estimates and forecasts, by type, 2014 - 2025 (USD Million)
5.2.3 U.S.
5.2.3.1 Market estimates and forecasts, 2014 - 2025 (USD Million)
5.2.3.2 Market estimates and forecasts, by Type, 2014 - 2025 (USD Million)
5.2.4 Canada
5.2.4.1 Market estimates and forecasts, 2014 - 2025 (USD Million)
5.2.4.2 Market estimates and forecasts, by Type, 2014 - 2025 (USD Million)
5.2.5 Mexico
5.2.5.1 Market estimates and forecasts, 2014 - 2025 (USD Million)
5.2.5.2 Market estimates and forecasts, by Type, 2014 - 2025 (USD Million)
5.3 Europe
5.3.1 Market estimates and forecasts, 2014 - 2025 (USD Million)
5.3.2 Market estimates and forecasts, by Type, 2014 - 2025 (USD Million)
5.3.3 Germany
5.3.3.1 Market estimates and forecasts, 2014 - 2025 (USD Million)
5.3.3.2 Market estimates and forecasts, by Type, 2014 - 2025 (USD Million)
5.3.4 U.K.
5.3.4.1 Market estimates and forecasts, 2014 - 2025 (USD Million)
5.3.4.2 Market estimates and forecasts, by Type, 2014 - 2025
5.3.5 France
5.3.5.1 Market estimates and forecasts, 2014 - 2025 (USD Million)
5.3.5.2 Market estimates and forecasts, by Type, 2014 - 2025 (USD Million)
5.4 Asia Pacific
5.4.1 Market estimates and forecasts, 2014 - 2025 (USD Million)
5.4.2 Market estimates and forecasts, by Type, 2014 - 2025 (USD Million)
5.4.3 China
5.4.3.1 Market estimates and forecasts, 2014 - 2025 (USD Million)
5.4.3.2 Market estimates and forecasts, by Type, 2014 - 2025 (USD Million)
5.4.4 India
5.4.4.1 Market estimates and forecasts, 2014 - 2025 (USD Million)
5.4.4.2 Market estimates and forecasts, by Type, 2014 - 2025 (USD Million)
5.4.5 Japan
5.4.5.1 Market estimates and forecasts, 2014 - 2025 (USD Million)
5.4.5.2 Market estimates and forecasts, by Type, 2014 - 2025 (USD Million)
5.5 Central & South America
5.5.1 Market estimates and forecasts, 2014 - 2025 (USD Million)
5.5.2 Market estimates and forecasts, by Type, 2014 - 2025 (USD Million)
5.5.3 Brazil
5.5.3.1 Market estimates and forecasts, 2014 - 2025 (USD Million)
5.5.3.2 Market estimates and forecasts, by Type, 2014 - 2025 (USD Million)
5.6 Middle East & Africa
5.6.1 Market estimates and forecasts, 2014 - 2025 (USD Million)
5.6.2 Market estimates and forecasts, by Type, 2014 - 2025 (USD Million)
Chapter 6 Competitive Landscape
6.1 Vendor landscape
6.2 Competitive environment
6.3 Company market positioning
6.4 Strategy Framework
Chapter 7 Silicone in Electric Vehicles Market: Company Profiles
7.1 Wacker Chemie AG
7.1.1 Company overview
7.1.2 Financial performance
7.1.3 Product benchmarking
7.1.4 Strategic initiatives
7.2 Elkem Silicones
7.2.1 Company overview
7.2.2 Financial performance
7.2.3 Product benchmarking
7.2.4 Strategic initiatives
7.3 The Dow Chemical Company (Formerly Dow Corning)
7.3.1 Company overview
7.3.2 Financial performance
7.3.3 Product benchmarking
7.3.4 Strategic initiatives
7.4 H.B. Fuller Company
7.4.1 Company overview
7.4.2 Financial performance
7.4.3 Product benchmarking
7.4.4 Strategic initiatives
7.5 Nexeon Limited
7.5.1 Company overview
7.5.2 Financial performance
7.5.3 Product benchmarking
7.5.4 Strategic initiatives
7.6 ACC Silicones Ltd.
7.6.1 Company overview
7.6.2 Financial performance
7.6.3 Product benchmarking
7.6.4 Strategic initiatives
7.7 KCC Corporation
7.7.1 Company overview
7.7.2 Financial performance
7.7.3 Product benchmarking
7.8 Rogers Corporation
7.8.1 Company overview
7.8.2 Financial performance
7.8.3 Product benchmarking
7.8.4 Strategic initiatives
7.9 LORD Corporation
7.9.1 Company overview
7.9.2 Financial performance
7.9.3 Product benchmarking
7.10 Shin-Etsu Chemical Co., Ltd.
7.10.1 Company overview
7.10.2 Financial performance
7.10.3 Product benchmarking
7.10.4 Strategic initiatives
List of Tables
Table 1 List of Abbreviations
Table 2 Global silicone in electric vehicles market estimates and forecasts, by elastomers, 2014 - 2025 (USD Million)
Table 3 Global silicone in electric vehicles market revenue, by elastomers, by region, 2014 - 2025 (USD Million)
Table 4 Global silicone in electric vehicles market estimates and forecasts, by fluids, 2014 - 2025 (USD Million)
Table 5 Global silicone in electric vehicles market revenue, by fluids, by region, 2014 - 2025 (USD Million)
Table 6 Global silicone in electric vehicles market estimates and forecasts, by resins, 2014 - 2025 (USD Million)
Table 7 Global silicone in electric vehicles market revenue, by resins, by region, 2014 - 2025 (USD Million)
Table 8 Global silicone in electric vehicles market estimates and forecasts, by others, 2014 - 2025 (USD Million)
Table 9 Global silicone in electric vehicles market revenue, by others, by region, 2014 - 2025 (USD Million)
Table 10 North America silicone in electric vehicles market estimates and forecasts, 2014 - 2025 (USD Million)
Table 11 North America silicone in electric vehicles market revenue, by type, 2014 - 2025 (USD Million)
Table 12 U.S. silicone in electric vehicles market estimates and forecasts, 2014 - 2025 (USD Million)
Table 13 U.S. silicone in electric vehicles market revenue, by type, 2014 - 2025 (USD Million)
Table 14 Canada silicone in electric vehicles market estimates and forecasts, 2014 - 2025 (USD Million)
Table 15 Canada silicone in electric vehicles market revenue, by type, 2014 - 2025 (USD Million)
Table 16 Mexico silicone in electric vehicles market estimates and forecasts, 2014 - 2025 (USD Million)
Table 17 Mexico silicone in electric vehicles market revenue, by type, 2014 - 2025 (USD Million)
Table 18 Europe silicone in electric vehicles market estimates and forecasts, 2014 - 2025 (USD Million)
Table 19 Europe silicone in electric vehicles market revenue, by type, 2014 - 2025 (USD Million)
Table 20 Germany silicone in electric vehicles market estimates and forecasts, 2014 - 2025 (USD Million)
Table 21 Germany silicone in electric vehicles market revenue, by type, 2014 - 2025 (USD Million)
Table 22 U.K. silicone in electric vehicles market estimates and forecasts, 2014 - 2025 (USD Million)
Table 23 U.K. silicone in electric vehicles market revenue, by type, 2014 - 2025 (USD Million)
Table 24 France silicone in electric vehicles market estimates and forecasts, 2014 - 2025 (USD Million)
Table 25 France silicone in electric vehicles market revenue, by type, 2014 - 2025 (USD Million)
Table 26 Asia Pacific silicone in electric vehicles market estimates and forecasts, 2014 - 2025 (USD Million)
Table 27 Asia Pacific silicone in electric vehicles market revenue, by type, 2014 - 2025 (USD Million)
Table 28 China silicone in electric vehicles market estimates and forecasts, 2014 - 2025 (USD Million)
Table 29 China silicone in electric vehicles market revenue, by type, 2014 - 2025 (USD Million)
Table 30 India silicone in electric vehicles market estimates and forecasts, 2014 - 2025 (USD Million)
Table 31 India silicone in electric vehicles market revenue, by type, 2014 - 2025 (USD Million)
Table 32 Japan silicone in electric vehicles market estimates and forecasts, 2014 - 2025 (USD Million)
Table 33 Japan silicone in electric vehicles market revenue, by type, 2014 - 2025 (USD Million)
Table 34 Central & South America silicone in electric vehicles market estimates and forecasts, 2014 - 2025 (USD Million)
Table 35 Central & South America silicone in electric vehicles market revenue, by type, 2014 - 2025 (USD Million)
Table 36 Brazil silicone in electric vehicles market estimates and forecasts, 2014 - 2025 (USD Million)
Table 37 Brazil silicone in electric vehicles market revenue, by type, 2014 - 2025 (USD Million)
Table 38 Middle East & Africa silicone in electric vehicles market estimates and forecasts, 2014 - 2025 (USD Million)
Table 39 Middle East & Africa silicone in electric vehicles market revenue, by type, 2014 - 2025 (USD Million)
List of Figures
FIG. 1 Silicone in electric vehicles market snapshot
Fig. 2 Silicone in Electric Vehicles - Market segmentation
Fig. 3 Penetration & growth prospect mapping
Fig. 4 Silicone in Electric Vehicles Value Chain Analysis
Fig. 5 Silicone in electric vehicles market dynamics
Fig. 6 Market trends & outlook
Fig. 7 Silicone in electric vehicles - Key market driver analysis
Fig. 8 Thermal conductivity of silicone rubber
Fig. 9 Silicone in electric vehicles market Porter’s analysis
Fig. 10 PESTEL analysis
Fig. 11 Silicone in electric vehicles market: Type movement analysis, 2017 & 2025
Fig. 12 Regional market place: Key takeaways
Fig. 13 Silicone in Electric Vehicles market: Regional movement analysis, 2017 & 2025
Companies Mentioned
- Wacker Chemie AG
- Elkem Silicones
- The Dow Chemical Company (Formerly Dow Corning)
- H.B. Fuller Company
- Nexeon Limited
- ACC Silicones Ltd.
- KCC Corporation
- Rogers Corporation
- LORD Corporation
- Shin-Etsu Chemical Co., Ltd.
Methodology
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