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Global Silicone in Electric Vehicles Market Size Study & Forecast, By Product (Elastomers, Fluids, Resins, Others) By Charging Type (Plugin Hybrid Electric Vehicle (PHEV), Battery Electric Vehicle (BEV)) By Vehicle Type (Light Motor Vehicle, Commercial Motor Vehicle) and Regional Analysis, 2023-2030

April 2024 | 200 pages | ID: G50E737AF158EN
Bizwit Research & Consulting LLP

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Global Silicone in Electric Vehicles Market is valued at approximately USD 6.03 billion in 2022 and is anticipated to grow with a healthy growth rate of more than 9.4% over the forecast period 2023-2030. Silicone in Electric Vehicles refers to the use of silicone-based materials used in various components and applications within electric vehicles (EVs). Silicone, a versatile polymer, finds multiple uses in EVs due to its unique properties such as thermal stability, electrical insulation, resistance to extreme temperatures, and durability. The Silicone in Electric Vehicles market is expanding because of factors such as rapid urbanization and increasing demand for electric cars. As a result, the demand for Silicone in Electric Vehicles has progressively increased in the international market during the forecast period 2023-2030.

Electric vehicles rely on various electronic components and systems for propulsion, energy management, and safety. Silicone is a versatile material with properties such as thermal stability, electrical insulation, and resistance to extreme temperatures, making it suitable for use in components like electric vehicle batteries, connectors, seals, gaskets, and thermal management systems. According to Statista, the total number of electric bus registrations, in 2021 China accounts for 50,000 registrations followed by Europe with 4000 registrations and reached up to 54000 and 5000 registrations respectively in the year 2022. Another important factor that drives the Silicone in Electric Vehicles market is rapid growth in urbanization. Urbanization often fosters innovation and technological advancements to address urban challenges. As cities seek more sustainable transportation solutions, there is a continuous push for advancements in electric vehicle technology. Silicone plays a crucial role in enhancing the performance, durability, and safety of various components in EVs, including batteries, power electronics, and thermal management systems. The demand for silicone in these applications is expected to rise with the advancement of EV technology. In addition, as per Statista, the global urbanization rate was 57% in 2022. North America has the highest amount of urbanization, with more than four-fifths of the population living in cities. Moreover, growing demand for lightweight motor vehicles and government initiatives towards emissions is anticipated to create a lucrative growth opportunity for the market over the forecast period. However, the high integration cost of silicone in electric vehicles and technical complexities are going to impede overall market growth throughout the forecast period of 2023-2030.

The key regions considered for the Global Silicone in Electric Vehicles Market study include Asia Pacific, North America, Europe, Latin America, and Middle East & Africa. Asia Pacific dominated the market in 2022 owing to the growing rate of urbanization and rising demand for electric vehicles in the region. The region’s dominant performance is anticipated to propel the overall demand for Silicone in Electric Vehicles. Furthermore, North America is expected to grow fastest during the forecast period, owing to factors such as supportive government policies and regulations to promote the adoption of electric vehicles in the region. Government incentives, subsidies, and mandates for electric vehicles encourage consumers to switch from traditional internal combustion engine vehicles to electric ones. This shift leads to a surge in the production and sales of electric vehicles, subsequently driving the demand for components and materials used in EV manufacturing, including silicone.

Major market players included in this report are:

Wacker Chemie AG

Elkem Silicones

Dow Inc

H.B. Fuller Company

Nexeon Limited

ACC Silicones Ltd.

KCC Corporation

Rogers Corporation

LORD Corporation

Shin-Etsu Chemical Co., Ltd.

Recent Developments in the Market:

In June 2021, Dow unveiled three cutting-edge silicone technologies tailored for electric and hybrid-electric vehicle electronics applications. These latest additions to the portfolio - DOWSIL TC-2035 CV Adhesive, DOWSIL TC-4551 CV Gap Filler, and DOWSIL TC-4060 GB250 Thermal Gel - further enhance Dow's silicone offerings, addressing the evolving requirements of automotive electrification. These innovative products boast advanced attributes such as dependable performance, superior thermal conductivity, controlled volatility for efficient heat dissipation, and streamlined processing, ultimately boosting productivity.

Global Silicone in Electric Vehicles Market Report Scope:
  • Historical Data – 2020 - 2021
  • Base Year for Estimation – 2022
  • Forecast period - 2023-2030
  • Report Coverage - Revenue forecast, Company Ranking, Competitive Landscape, Growth factors, and Trends
  • Segments Covered - Product, Charging Type, Vehicle Type, Region
  • Regional Scope - North America; Europe; Asia Pacific; Latin America; Middle East & Africa
  • Customization Scope - Free report customization (equivalent to up to 8 analysts’ working hours) with purchase. Addition or alteration to country, regional & segment scope*
The objective of the study is to define the market sizes of different segments & countries in recent years and to forecast the values to the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within countries involved in the study.

The report also caters to detailed information about the crucial aspects such as driving factors & challenges that will define the future growth of the market. Additionally, it also incorporates potential opportunities in micro markets for stakeholders to invest along with a detailed analysis of the competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:

By Product

Elastomers

Fluids

Resins

Others

By Charging Type

Plugin Hybrid Electric Vehicle (PHEV)

Battery Electric Vehicle (BEV)

By Vehicle Type

Light Motor Vehicle

Commercial Motor Vehicle

By Region:

North America

U.S.

Canada

Europe

UK

Germany

France

Spain

Italy

ROE

Asia Pacific

China

India

Japan

Australia

South Korea

RoAPAC

Latin America

Brazil

Mexico

Middle East & Africa

Saudi Arabia

South Africa

Rest of Middle East & Africa
CHAPTER 1. EXECUTIVE SUMMARY

1.1. Market Snapshot
1.2. Global & Segmental Market Estimates & Forecasts, 2020-2030 (USD Billion)
  1.2.1. Silicone in Electric Vehicles Market, by Region, 2020-2030 (USD Billion)
  1.2.2. Silicone in Electric Vehicles Market, by Product, 2020-2030 (USD Billion)
  1.2.3. Silicone in Electric Vehicles Market, by Charging Type, 2020-2030 (USD Billion)
  1.2.4. Silicone in Electric Vehicles Market, by Vehicle Type, 2020-2030 (USD Billion)
1.3. Key Trends
1.4. Estimation Methodology
1.5. Research Assumption

CHAPTER 2. GLOBAL SILICONE IN ELECTRIC VEHICLES MARKET DEFINITION AND SCOPE

2.1. Objective of the Study
2.2. Market Definition & Scope
  2.2.1. Industry Evolution
  2.2.2. Scope of the Study
2.3. Years Considered for the Study
2.4. Currency Conversion Rates

CHAPTER 3. GLOBAL SILICONE IN ELECTRIC VEHICLES MARKET DYNAMICS

3.1. Silicone in Electric Vehicles Market Impact Analysis (2020-2030)
  3.1.1. Market Drivers
    3.1.1.1. Rising Number of Electric Vehicles
    3.1.1.2. Increasing Rate of Urbanization
  3.1.2. Market Challenges
    3.1.2.1. High Integration Cost of Silicone in Electric Vehicles
    3.1.2.2. Technical Complexities
  3.1.3. Market Opportunities
    3.1.3.1. Growing Demand for Light Weight Motor Vehicles
    3.1.3.2. Government Initiatives towards Emissions

CHAPTER 4. GLOBAL SILICONE IN ELECTRIC VEHICLES MARKET INDUSTRY ANALYSIS

4.1. Porter’s 5 Force Model
  4.1.1. Bargaining Power of Suppliers
  4.1.2. Bargaining Power of Buyers
  4.1.3. Threat of New Entrants
  4.1.4. Threat of Substitutes
  4.1.5. Competitive Rivalry
4.2. Porter’s 5 Force Impact Analysis
4.3. PEST Analysis
  4.3.1. Political
  4.3.2. Economical
  4.3.3. Social
  4.3.4. Technological
  4.3.5. Environmental
  4.3.6. Legal
4.4. Top investment opportunity
4.5. Top winning strategies
4.6. COVID-19 Impact Analysis
4.7. Disruptive Trends
4.8. Industry Expert Perspective
4.9. Analyst Recommendation & Conclusion

CHAPTER 5. GLOBAL SILICONE IN ELECTRIC VEHICLES MARKET, BY PRODUCT

5.1. Market Snapshot
5.2. Global Silicone in Electric Vehicles Market by Product, Performance - Potential Analysis
5.3. Global Silicone in Electric Vehicles Market Estimates & Forecasts by Product 2020-2030 (USD Billion)
5.4. Silicone in Electric Vehicles Market, Sub Segment Analysis
  5.4.1. Elastomers
  5.4.2. Fluids
  5.4.3. Resins
  5.4.4. Others

CHAPTER 6. GLOBAL SILICONE IN ELECTRIC VEHICLES MARKET, BY CHARGING TYPE

6.1. Market Snapshot
6.2. Global Silicone in Electric Vehicles Market by Charging Type, Performance - Potential Analysis
6.3. Global Silicone in Electric Vehicles Market Estimates & Forecasts by Charging Type 2020-2030 (USD Billion)
6.4. Silicone in Electric Vehicles Market, Sub Segment Analysis
  6.4.1. Plugin Hybrid Electric Vehicle (PHEV)
  6.4.2. Battery Electric Vehicle (BEV)

CHAPTER 7. GLOBAL SILICONE IN ELECTRIC VEHICLES MARKET, BY VEHICLE TYPE

7.1. Market Snapshot
7.2. Global Silicone in Electric Vehicles Market by Vehicle Type, Performance - Potential Analysis
7.3. Global Silicone in Electric Vehicles Market Estimates & Forecasts by Vehicle Type 2020-2030 (USD Billion)
7.4. Silicone in Electric Vehicles Market, Sub Segment Analysis
  7.4.1. Light Motor Vehicle
  7.4.2. Commercial Motor Vehicle

CHAPTER 8. GLOBAL SILICONE IN ELECTRIC VEHICLES MARKET, REGIONAL ANALYSIS

8.1. Top Leading Countries
8.2. Top Emerging Countries
8.3. Silicone in Electric Vehicles Market, Regional Market Snapshot
8.4. North America Silicone in Electric Vehicles Market
  8.4.1. U.S. Silicone in Electric Vehicles Market
    8.4.1.1. Product breakdown estimates & forecasts, 2020-2030
    8.4.1.2. Charging Type breakdown estimates & forecasts, 2020-2030
    8.4.1.3. Vehicle Type breakdown estimates & forecasts, 2020-2030
  8.4.2. Canada Silicone in Electric Vehicles Market
8.5. Europe Silicone in Electric Vehicles Market Snapshot
  8.5.1. U.K. Silicone in Electric Vehicles Market
  8.5.2. Germany Silicone in Electric Vehicles Market
  8.5.3. France Silicone in Electric Vehicles Market
  8.5.4. Spain Silicone in Electric Vehicles Market
  8.5.5. Italy Silicone in Electric Vehicles Market
  8.5.6. Rest of Europe Silicone in Electric Vehicles Market
8.6. Asia-Pacific Silicone in Electric Vehicles Market Snapshot
  8.6.1. China Silicone in Electric Vehicles Market
  8.6.2. India Silicone in Electric Vehicles Market
  8.6.3. Japan Silicone in Electric Vehicles Market
  8.6.4. Australia Silicone in Electric Vehicles Market
  8.6.5. South Korea Silicone in Electric Vehicles Market
  8.6.6. Rest of Asia Pacific Silicone in Electric Vehicles Market
8.7. Latin America Silicone in Electric Vehicles Market Snapshot
  8.7.1. Brazil Silicone in Electric Vehicles Market
  8.7.2. Mexico Silicone in Electric Vehicles Market
8.8. Middle East & Africa Silicone in Electric Vehicles Market
  8.8.1. Saudi Arabia Silicone in Electric Vehicles Market
  8.8.2. South Africa Silicone in Electric Vehicles Market
  8.8.3. Rest of Middle East & Africa Silicone in Electric Vehicles Market

CHAPTER 9. COMPETITIVE INTELLIGENCE

9.1. Key Company SWOT Analysis
  9.1.1. Company
  9.1.2. Company
  9.1.3. Company
9.2. Top Market Strategies
9.3. Company Profiles
  9.3.1. Wacker Chemie AG
    9.3.1.1. Key Information
    9.3.1.2. Overview
    9.3.1.3. Financial (Subject to Data Availability)
    9.3.1.4. Product Summary
    9.3.1.5. Recent Developments
  9.3.2. Elkem Silicones
  9.3.3. Dow Inc
  9.3.4. H.B. Fuller Company
  9.3.5. Nexeon Limited
  9.3.6. ACC Silicones Ltd
  9.3.7. KCC Corporation
  9.3.8. Rogers Corporation
  9.3.9. LORD Corporation
  9.3.10. Shin-Etsu Chemical Co., Ltd

CHAPTER 10. RESEARCH PROCESS

10.1. Research Process
  10.1.1. Data Mining
  10.1.2. Analysis
  10.1.3. Market Estimation
  10.1.4. Validation
  10.1.5. Publishing
10.2. Research Attributes
10.3. Research Assumption

12 .LIST OF TABLES

TABLE 1. Global Silicone in Electric Vehicles Market, report scope
TABLE 2. Global Silicone in Electric Vehicles Market estimates & forecasts by Region 2020-2030 (USD Billion)
TABLE 3. Global Silicone in Electric Vehicles Market estimates & forecasts by Product 2020-2030 (USD Billion)
TABLE 4. Global Silicone in Electric Vehicles Market estimates & forecasts by Charging Type 2020-2030 (USD Billion)
TABLE 5. Global Silicone in Electric Vehicles Market estimates & forecasts by Vehicle Type 2020-2030 (USD Billion)
TABLE 6. Global Silicone in Electric Vehicles Market by segment, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 7. Global Silicone in Electric Vehicles Market by region, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 8. Global Silicone in Electric Vehicles Market by segment, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 9. Global Silicone in Electric Vehicles Market by region, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 10. Global Silicone in Electric Vehicles Market by segment, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 11. Global Silicone in Electric Vehicles Market by region, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 12. Global Silicone in Electric Vehicles Market by segment, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 13. Global Silicone in Electric Vehicles Market by region, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 14. Global Silicone in Electric Vehicles Market by segment, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 15. Global Silicone in Electric Vehicles Market by region, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 16. U.S. Silicone in Electric Vehicles Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 17. U.S. Silicone in Electric Vehicles Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 18. U.S. Silicone in Electric Vehicles Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 19. Canada Silicone in Electric Vehicles Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 20. Canada Silicone in Electric Vehicles Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 21. Canada Silicone in Electric Vehicles Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 22. UK Silicone in Electric Vehicles Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 23. UK Silicone in Electric Vehicles Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 24. UK Silicone in Electric Vehicles Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 25. Germany Silicone in Electric Vehicles Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 26. Germany Silicone in Electric Vehicles Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 27. Germany Silicone in Electric Vehicles Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 28. France Silicone in Electric Vehicles Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 29. France Silicone in Electric Vehicles Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 30. France Silicone in Electric Vehicles Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 31. Italy Silicone in Electric Vehicles Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 32. Italy Silicone in Electric Vehicles Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 33. Italy Silicone in Electric Vehicles Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 34. Spain Silicone in Electric Vehicles Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 35. Spain Silicone in Electric Vehicles Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 36. Spain Silicone in Electric Vehicles Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 37. RoE Silicone in Electric Vehicles Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 38. RoE Silicone in Electric Vehicles Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 39. RoE Silicone in Electric Vehicles Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 40. China Silicone in Electric Vehicles Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 41. China Silicone in Electric Vehicles Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 42. China Silicone in Electric Vehicles Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 43. India Silicone in Electric Vehicles Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 44. India Silicone in Electric Vehicles Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 45. India Silicone in Electric Vehicles Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 46. Japan Silicone in Electric Vehicles Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 47. Japan Silicone in Electric Vehicles Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 48. Japan Silicone in Electric Vehicles Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 49. South Korea Silicone in Electric Vehicles Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 50. South Korea Silicone in Electric Vehicles Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 51. South Korea Silicone in Electric Vehicles Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 52. Australia Silicone in Electric Vehicles Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 53. Australia Silicone in Electric Vehicles Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 54. Australia Silicone in Electric Vehicles Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 55. RoAPAC Silicone in Electric Vehicles Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 56. RoAPAC Silicone in Electric Vehicles Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 57. RoAPAC Silicone in Electric Vehicles Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 58. Brazil Silicone in Electric Vehicles Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 59. Brazil Silicone in Electric Vehicles Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 60. Brazil Silicone in Electric Vehicles Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 61. Mexico Silicone in Electric Vehicles Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 62. Mexico Silicone in Electric Vehicles Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 63. Mexico Silicone in Electric Vehicles Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 64. RoLA Silicone in Electric Vehicles Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 65. RoLA Silicone in Electric Vehicles Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 66. RoLA Silicone in Electric Vehicles Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 67. Saudi Arabia Silicone in Electric Vehicles Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 68. South Africa Silicone in Electric Vehicles Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 69. RoMEA Silicone in Electric Vehicles Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 70. List of secondary sources, used in the study of global Silicone in Electric Vehicles Market
TABLE 71. List of primary sources, used in the study of global Silicone in Electric Vehicles Market
TABLE 72. Years considered for the study
TABLE 73. Exchange rates considered
List of tables and figures and dummy in nature, final lists may vary in the final deliverable

LIST OF FIGURES

FIG 1. Global Silicone in Electric Vehicles Market, research methodology
FIG 2. Global Silicone in Electric Vehicles Market, Market estimation techniques
FIG 3. Global Market size estimates & forecast methods
FIG 4. Global Silicone in Electric Vehicles Market, key trends 2022
FIG 5. Global Silicone in Electric Vehicles Market, growth prospects 2023-2030
FIG 6. Global Silicone in Electric Vehicles Market, porters 5 force model
FIG 7. Global Silicone in Electric Vehicles Market, pest analysis
FIG 8. Global Silicone in Electric Vehicles Market, value chain analysis
FIG 9. Global Silicone in Electric Vehicles Market by segment, 2020 & 2030 (USD Billion)
FIG 10. Global Silicone in Electric Vehicles Market by segment, 2020 & 2030 (USD Billion)
FIG 11. Global Silicone in Electric Vehicles Market by segment, 2020 & 2030 (USD Billion)
FIG 12. Global Silicone in Electric Vehicles Market by segment, 2020 & 2030 (USD Billion)
FIG 13. Global Silicone in Electric Vehicles Market by segment, 2020 & 2030 (USD Billion)
FIG 14. Global Silicone in Electric Vehicles Market, regional snapshot 2020 & 2030
FIG 15. North America Silicone in Electric Vehicles Market 2020 & 2030 (USD Billion)
FIG 16. Europe Silicone in Electric Vehicles Market 2020 & 2030 (USD Billion)
FIG 17. Asia Pacific Silicone in Electric Vehicles Market 2020 & 2030 (USD Billion)
FIG 18. Latin America Silicone in Electric Vehicles Market 2020 & 2030 (USD Billion)
FIG 19. Middle East & Africa Silicone in Electric Vehicles Market 2020 & 2030 (USD Billion)
List of tables and figures and dummy in nature, final lists may vary in the final deliverable


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