Market Overview:
Automobile silicone provides superior properties to escalate the efficiency of the vehicle, like strength, resistance, and durability. Its resistance to abrasion, ultraviolet radiation, and chemicals make silicone the perfect choice in the automobile sector. The global automobile silicone market size was close to USD 2.37 billion by revenue in 2018 and is estimated to rise at a CAGR of 7.25% to reach around USD 3.36 billion by 2023.

Market drivers and restraints:
The global automobile silicone market is mainly driven by the rising call for lightweight, efficient, and durable automobile across the world. This expansion is attributed to the shifting trends of lifestyle and high disposable income. Automobile silicones are broadly consumed in the automobile segment for making windshield lining, cables, ignition sets, airbag cushion coatings, and radiator seals among others. In addition to that, the automobile silicone gives load-bearing, vibration suppression, and protective shock absorption to the seats and dashboards, making the vehicle more comfortable.

To know more, click on the link below:
https://www.marketdataforecast.com/market-reports/automobile-silicone-market

Report segmented as:

By product:
• Elastomers
• adhesives & sealants
• resins
• others

By application:
• interior & exterior
• electrical system
• engine & drive train system
• suspension system
• others

Geographical analysis:
Based on region, the global automobile silicone market is segmented into five regions, namely Asia Pacific, North America, Europe, Latin America, and Middle East & Africa. Asia Pacific is the dominating region in the global market on account of the high production and sales of automobiles in the region. The North American region is expanding on account of reviving automotive business.

Important market players:
Some of the major players operating in the global automobile silicone market include Wacker Chemie AG (Germany), Dow Corning Corporation (U.S.), Momentive (U.S.), Elkem Silicone (U.S.), Shin-Etsu Chemical Co., Ltd. (Japan), Rogers Corporation (U.S.), Nusil (U.S.), Bostik (U.S.), Evonik Industries AG (Germany), KCC Corporation (South Korea), ACC Silicones Ltd (U.K), CSL Silicone Inc. (Canada), and Kaneka Corporation (Japan).

View a sample and decide:
https://www.marketdataforecast.com/market-reports/automobile-silicone-market

The Scope of the report:
This report offers the current product and services market evaluation and the future estimation of the market. It helps us understand the market better through size anticipation and CAGR calculation to estimate the next market. It has a broader segmentation for better understanding of the enterprising of the market at a low level by segregating the market into smaller sectors.
Apart from the syndicated report, our in-house team has expertise and experience in designing custom reports to meet your specific research needs and assist you in making well-informed decisions.

About Us:
Market Data Forecast is a firm working in the areas of market research, business intelligence and consulting. We have rich experience in research and consulting for various business domains to cater to the needs of both individual and corporate clients.

For more information:
Abhishek Shukla
Sales Manager at Market Data Forecast
Email: [email protected]
Tel: +1-888-702-9626
Website: https://www.marketdataforecast.com/