Automotive Silicones Market to Grow by USD 1.1 Billion from 2024-2028, Driven by Demand for Fuel-Efficient, Low-Emission Vehicles, AI-Powered Technavio Report

Barchart · 10/15 18:49

NEW YORK, Oct. 15, 2024 /PRNewswire/ -- Report on how AI is driving market transformation- The global automotive silicones market size is estimated to grow by USD 1.1 billion from 2024-2028, according to Technavio. The market is estimated to grow at a CAGR of over 6.43% during the forecast period. Growing demand for fuel-efficient and low-emission vehicles is driving market growth, with a trend towards increasing demand for silicone adhesive films for car customization. However, fluctuations in raw material prices poses a challenge. Key market players include BASF SE, CHT Germany GmbH, CRI SIL Silicone Technologies LLC, CSL Silicones Inc., Dow Inc., Elkem ASA, Evonik Industries AG, H.B. Fuller Co., Henkel AG and Co. KGaA, International Silicone Technologies, Kaneka Corp., Momentive Performance Materials Inc., Primasil Silicones Ltd., Rogers Corp., Shin Etsu Chemical Co. Ltd., Silicone Engineering Ltd., Siltech Corp., United Silicones Ltd., and Wacker Chemie AG.

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