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759031

Global Automotive Silicone Market - 2021-2028

Published: | DataM Intelligence | 180 Pages | Delivery time: 2 business days

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Global Automotive Silicone Market - 2021-2028
Published: July 21, 2021
DataM Intelligence
Content info: 180 Pages
Delivery time: 2 business days
  • Description
  • Table of Contents

Market Overview

The global Automotive Silicone market is expected to grow at a CAGR of 6.8% during the forecast period (2021-2028).

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.

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. Because it takes less energy to accelerate a lighter car than a heavier one, lightweight materials offer more potential for both automakers and auto buyers. Not only are lightweight vehicles energy efficient, but they also enhance performance.

Companies are concentrating on the development of raw materials. For instance, in January 2018, New facility in Detroit's Corktown has focused on development of lightweight metals and composite materials. Additionally, Volkswagen's Audi unit has partnered with Lockheed Martin and Carpenter Technologies for developing lighter gears.

Growing adoption of EV and fluctuations in raw material prices are the key restraints hindering the growth of the market globally.

COVID-19 Impact Analysis

The COVID-19 pandemic has disrupted the global economy and halted the key processes of almost all companies. Consequently, the global automotive silicone market was also affected. The disturbances in supply chain management and transportation of goods and services had a negative impact on the growth of the market. Many manufacturing and production units were disrupted due to the government enforced lockdowns and curfews across the world which led to losses and wastage of many silicone products. The automotive industry faced losses during the pandemic. The pandemic also significantly changed the consumer demand and behaviour. Consumers refrained from purchasing non-essential products amid the pandemic thereby impacting the sales of automotive silicone products. The uncertain and unexpected situation caused by the pandemic significantly impacted the market hence, slowing its growth. However, the post-pandemic scene has improved and the global automotive silicone market has recovered. The resumption of manufacturing operations will play a major part to boost the production and sales of vehicles. Hence, the market is set to grow at a high rate.

Market Segmentation

By application, the Automotive Silicone market is segmented into electrical systems, engines, suspension systems, interior & exterior and others

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. Demand is increased in the manufacturing of different parts of vehicles owing to the greater characteristics of silicones.

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.

Companies have been using latest technologies to develop products. For instance, Shin-Etsu has introduced dimethyl silicone fluid (KF-96). This is used as a gloss enhancer for automotive waxes, as fill material in sensors and damping medium for auto seats.

Geographical Analysis

By geography, the global Automotive Silicone Market is segmented into North America, Asia-Pacific (APAC), Europe, South America, and the Middle East and Africa (MEA)

The North America region has dominated the market with a high GAGR during the forecasted period because of its advanced technologies, availability of raw materials and existing proper infrastructure. However, the Asia Pacific region is expected to grow with the highest 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 the Asia Pacific region.

Companies in this region are focusing to expand their business to building new manufacturing facilities. For instance, in November 2018, DuPont Transportation & Advanced Polymers invested more than USD 80 million to build a new manufacturing facility in Zhangjiagang that will produce multi base thermoplastic elastomers and specialty silicone materials.

Competitive Landscape

The Automotive Silicone market is highly competitive with existing players in the market. Some of the major players include DuPont, KCC Corporation, Siltech, Momentive Performance Materials, Wacker Chemie, Mccoy Performance Silicones, Simtech Silicone Parts, Silicone Solutions, Specialty Silicone Products Inc and Elkem Silicones.

The key players are adopting various key strategies such as product launches, collaborations, mergers & acquisitions which are contributing to the growth of the Automotive Silicone Market. For example, in September 2018, Shin-Etsu Chemical Co., Ltd. announced its plan of increasing its silicone output by 50%. In January 2021, Momentive Performance Materials, Inc. acquired KCC Corporation's Silicones business. This acquisition will further enhance its global capabilities in advanced silicones and specialised applications. In February 2021, Elkem signed an agreement to acquire a brand-new plant in France for producing highly specialised organo-functional silicones. This acquisition will strenghthen Elkem's growth and global penetration.

DuPont

Overview: DuPont is an American company whose main businesses include Electronics & Industrial, Mobility & Materials and Water & Protection.

Product Portfolio: Its products include construction materials, fabrics, fibers, packaging materials, solar/photovoltaic materials, medical devices, water solutions, electronic solutions, adhesives and resins.

Key Developments: In March 2021, DuPont entered into an agreement with Advent International to acquire Laird Performance Materials for $2.3 billion. Laird Performance Materials is a global leader in electromagnetic shielding and thermal management.

Why Purchase the Report?

  • Visualize the composition of the Automotive silicone in terms of various types of applications and their types highlighting the key commercial assets and players.
  • Identify commercial opportunities in the Automotive silicone market by analyzing trends and co-development deals.
  • Excel data sheet with thousands of data points of Automotive silicone market-level 4/5 segmentation.
  • PDF report with the most relevant analysis cogently put together after exhaustive qualitative interviews and in-depth market study.
  • Product mapping in excel for the key product of all major market players.

The Automotive Silicone report would provide access to an approximately 53 data tables, 47 figures, and 180 pages.

Target Audience

  • Service Providers/ Buyers
  • Industry Investors/Investment Bankers
  • Education & Research Institutes
  • Research Professionals
  • Emerging Companies
  • Manufacturers
Product Code: DMPC2010

Table of Contents

1. Automotive Silicone Market Methodology and Scope

  • 1.1. Research Methodology
  • 1.2. Research Objective and Scope of the Report

2. Automotive Silicone Market - Market Definition and Overview

3. Automotive Silicone Market - Executive Summary

  • 3.1. Market Snippet by Application
  • 3.2. Market Snippet by Type
  • 3.3. Market Snippet by Region

4. Automotive Silicone Market Dynamics

  • 4.1. Market Impacting Factors
    • 4.1.1. Drivers
      • 4.1.1.1. Rising demand for lightweight materials in automotive industry
      • 4.1.1.2. Increasing automotive industry
    • 4.1.2. Restraints
      • 4.1.2.1. Growing adoption of EV
      • 4.1.2.2. Fluctuations in raw material prices
    • 4.1.3. Opportunity
    • 4.1.4. Impact Analysis

5. Automotive Silicone Market - Industry Analysis

  • 5.1. Porter's Five Forces Analysis
  • 5.2. Regulatory Analysis
  • 5.3. Supply Chain Analysis
  • 5.4. Pricing Analysis

6. Automotive Silicone Market - Industry Analysis

  • 6.1. Analysis of Covid-19 on the Market
    • 6.1.1. Before COVID-19 Market Scenario
    • 6.1.2. Present COVID-19 Market Scenario
    • 6.1.3. After COVID-19 or Future Scenario
  • 6.2. Pricing Dynamics Amid Covid-19
  • 6.3. Demand-Supply Spectrum
  • 6.4. Government Initiatives Related to the Market During Pandemic
  • 6.5. Manufacturers Strategic Initiatives
  • 6.6. Conclusion

7. Automotive Silicone Market - By Application

  • 7.1. Introduction
    • 7.1.1. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Application
    • 7.1.2. Market Attractiveness Index, By Application
  • 7.2. Electrical Systems
    • 7.2.1. Introduction
    • 7.2.2. Market Size Analysis, and Y-o-Y Growth Analysis (%), 2021-2028
  • 7.3. Engines
  • 7.4. Suspension Systems
  • 7.5. Interior & Exterior
  • 7.6. Others

8. Automotive Silicone Market - By Type

  • 8.1. Introduction
    • 8.1.1. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Type
    • 8.1.2. Market Attractiveness Index, By Type
  • 8.2. Fluids
    • 8.2.1. Introduction
    • 8.2.2. Market Size Analysis, and Y-o-Y Growth Analysis (%), 2021-2028
  • 8.3. Resins
  • 8.4. Gels
  • 8.5. Elastomers
  • 8.6. Others

9. Automotive Silicone Market - By Region

  • 9.1. Introduction
    • 9.1.1. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Region
    • 9.1.2. Market Attractiveness Index, By Region
  • 9.2. North America
    • 9.2.1. Introduction
    • 9.2.2. Key Region-Specific Dynamics
    • 9.2.3. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Application
    • 9.2.4. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Type
    • 9.2.5. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Country
      • 9.2.5.1. The U.S.
      • 9.2.5.2. Canada
      • 9.2.5.3. Mexico
  • 9.3. Europe
    • 9.3.1. Introduction
    • 9.3.2. Key Region-Specific Dynamics
    • 9.3.3. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Application
    • 9.3.4. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Type
    • 9.3.5. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Country
      • 9.3.5.1. Germany
      • 9.3.5.2. The U.K.
      • 9.3.5.3. France
      • 9.3.5.4. Italy
      • 9.3.5.5. Spain
      • 9.3.5.6. Rest of Europe
  • 9.4. South America
    • 9.4.1. Introduction
    • 9.4.2. Key Region-Specific Dynamics
    • 9.4.3. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Application
    • 9.4.4. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Type
    • 9.4.5. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Country
      • 9.4.5.1. Brazil
      • 9.4.5.2. Argentina
      • 9.4.5.3. Rest of South America
  • 9.5. Asia Pacific
    • 9.5.1. Introduction
    • 9.5.2. Key Region-Specific Dynamics
    • 9.5.3. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Application
    • 9.5.4. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Type
    • 9.5.5. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Country
      • 9.5.5.1. China
      • 9.5.5.2. India
      • 9.5.5.3. Japan
      • 9.5.5.4. Australia
      • 9.5.5.5. Rest of Asia Pacific
  • 9.6. The Middle East and Africa
    • 9.6.1. Introduction
    • 9.6.2. Key Region-Specific Dynamics
    • 9.6.3. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Application
    • 9.6.4. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Type

10. Automotive Silicone Market Competitive Landscape

  • 10.1. Competitive Scenario
  • 10.2. Market Positioning/Share Analysis
  • 10.3. Mergers and Acquisitions Analysis

11. Automotive Silicone Market Company Profiles

  • 11.1. DuPont
    • 11.1.1. Company Overview
    • 11.1.2. Product Portfolio and Description
    • 11.1.3. Key Highlights
    • 11.1.4. Financial Overview
  • 11.2. KCC Corporation
  • 11.3. Siltech
  • 11.4. Momentive Performance Materials
  • 11.5. Wacker Chemie
  • 11.6. Mccoy Performance Silicones
  • 11.7. Simtech Silicone Parts
  • 11.8. Silicone Solutions
  • 11.9. Specialty Silicone Products Inc
  • 11.10. Elkem Silicones

12. *LIST NOT EXHAUSTIVE

13. Automotive Silicone Market - DataM

  • 13.1. Appendix
  • 13.2. About Us and Services
  • 13.3. Contact Us