DUBLIN--(BUSINESS WIRE)--Aug 28, 2018--The "Automotive Silicone Market by Type (Elastomers, Gels, Resins, Fluids), Application (Interior & Exterior, Engines, Electrical), and Region (APAC, Europe, North America, South America, Middle East & Africa) - Global Forecast to 2023" report has been added to ResearchAndMarkets.com's offering.

The market size of automotive silicone is expected to reach USD 3.33 billion by 2023 from USD 2.37 billion in 2018, at a CAGR of 7.1% from 2018 to 2023.

The growth of the automotive industry is driving the market for automotive silicone. The automotive industry is growing rapidly, owing to the increasing population, rising income level, improving standards of living, and growing demand for high-performance vehicles.

Automotive silicone is widely used in the electrical application. It is anticipated to be the fastest-growing application segment of the automotive silicone market from 2018 to 2023. Automotive silicone possesses excellent dielectric properties as well as high electrical insulation, which makes it ideal for use in power transmission, damping & insulation, ignition cables, sparkplug boots, battery seals, connectors, and others.

Asia Pacific is expected to be the fastest-growing market for automotive silicone during the forecast period. APAC is a rapidly emerging economy. Hence, foreign investors and automotive manufacturers are establishing their production plants in this region. The growth of the market in this region can be attributed to the easy availability of raw materials and growing automotive industry.

The report also provides company profiles and details the competitive strategies adopted by major market players, such as DowDupont (US), Evonik (Germany), Shin-Etsu (Japan), Momentive Performance Materials (US), Evonik (Germany), and Elkem (Norway).

Key Topics Covered:

1 Introduction

2 Research Methodology

3 Executive Summary

4 Premium Insights

5 Market Overview

6 Automotive Silicone, By Type

7 Automotive Silicones, By Application

8 Automotive Silicone, By Region

9 Competitive Landscape

10 Company Profiles

ACC Silicones BRB International Dowdupont Elkem Silicones Evonik Gw Plastics Henkel AG & Co. International Silicone Technologies (Intersil) KCC Corporation Kibaru Manufacturing Sdn Bhd Mccoy Performance Silicones Milliken Momentive Performance Materials Novaguard Solutions Permatex Primasil Silicones Rogers Corporation Shin Etsu Silicone Engineering Silicone Solutions Siltech Simtech Silicone Parts Specialty Silicone Products Inc Wacker Chemie Wynca Tinyo Silicone

For more information about this report visit https://www.researchandmarkets.com/research/shlm99/automotive?w=4

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Related Topics:Silicones

KEYWORD:

INDUSTRY KEYWORD: MANUFACTURING AUTOMOTIVE MANUFACTURING CHEMICALS/PLASTICS AUTOMOTIVE GENERAL AUTOMOTIVE

SOURCE: Research and Markets

Copyright Business Wire 2018.

PUB: 08/28/2018 02:44 PM/DISC: 08/28/2018 02:44 PM

http://www.businesswire.com/news/home/20180828005745/en