Pune, India -- (SBWire) -- 10/11/2018 --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.
Objectives of Automotive Silicone Study:
To analyze and forecast the size of the automotive silicone market, in terms of value and volume. To provide detailed information about the key factors influencing the growth of the market (drivers, restraints, opportunities, and challenges), To strategically analyze micromarkets with respect to individual growth trends, prospects, and their contribution to the market.
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To define, describe, and forecast the automotive silicone market by type and application, To forecast the automotive silicone market with respect to five main regions, namely, North America, Europe, Asia Pacific, the Middle East & Africa, and South America. To analyze opportunities in the market for stakeholders and provide a competitive landscape for market leaders. To strategically profile key players and comprehensively analyze their market shares and core competencies.
Key Major Players of Automotive Silicone Market:
- DowDupont (US)
- Wacker Chemie (Germany)
- Momentive Performance Materials (US)
- Evonik (Germany)
- Shin-Etsu (Japan)
- Elkem (Norway)
- KCC Corporation (South Korea)
- Henkel AG & Co. (Germany)
- Siltech (Canada)
- Primasil Silicones (UK)
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The breakdown of primary interviews is given below.
1. By Company Type: Tier 1- 46%, Tier 2- 31%, and Tier 3- 23%
2. By Designation: C Level- 54%, D Level- 31%, and Others- 15%
3. By Region: North America- 23%, Europe- 31%, Asia Pacific- 38%, and RoW- 8%
Key Target Audience: Automotive Silicone Manufacturers, Silicone Suppliers, Automotive Silicone Traders, Distributors, and Suppliers, Raw Material Suppliers, Government and Research Organizations & Industry Associations
Reasons to Buy the Report:
The report will help the market leaders/new entrants in this market in the following ways:
The report segments the automotive silicone market comprehensively and provides the closest approximations of the revenue for the overall market and the sub segments and regions.
The report helps stakeholders understand the pulse of the market and provides information on key market drivers, restraints, and opportunities.
The report helps stakeholders understand their competitors better and gain additional insights into the business. The competitive landscape section includes expansions, new product developments, partnerships & collaborations, and mergers & acquisitions.
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Automotive Silicone Market (Elastomers, Gels, Resins, Fluids) - Global Forecast to 2023
ReportsnReports.com adds "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 to its research store.