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Imagine your car is like a superhero, and one of its superpowers is its suspension system. This special system is like the backbone of the car, keeping it safe, comfy, and protected from damage. A lot of brainpower and time have been put into making this superhero power even better, making cars more stable, easy to control, and comfy to ride in.
Because the suspension system is so crucial, smart people are always thinking of new and better ways to make it work. They've come up with cool ideas to improve stability, control, and how smooth your ride feels. It's like upgrading your car's superhero abilities!
One superhero upgrade is called "roll stabilization." It's like giving your car extra balance powers. Picture this: your car has a front and rear suspension system that works independently, sort of like arms with springs. They're connected by a special force device that helps them talk to each other. This makes your car super steady and balanced, even on bumpy roads.
But that's not all. Another superhero upgrade is the "air ride suspension system." Instead of using regular springs, it uses cool air springs. This helps your car handle vibrations from the road way better, making your ride smoother. Plus, it's like a weight lifter, reducing the pressure on your car and its parts.
Now, let's talk about the brainy stuff. Some superheroes have high-tech brains, and so do these new suspension systems. They use hydraulic and electronic systems to quickly react to the road or how fast your car is going. It's like having a superhero with lightning-fast reflexes. These systems can adjust automatically, making your ride even better. In the future, more smart people might explore using these high-tech systems to make cars even cooler.
Oh, and don't forget about the shock absorber – another superhero part of the suspension system. It's like the cushion that lessens the impact when your car goes over bumps. Recently, they've created new kinds of shock absorbers that use special fluids, like magnetorheological (MR) or electrorheological (ER) fluids. These fluids are like magic because they let the shock absorber adjust continuously, making your ride extra smooth.
So, all these superhero upgrades in the suspension system are not just cool tech, they're also expected to make the car world even better. Imagine driving in a car that's not just a mode of transportation but a comfortable and safe ride, all thanks to these incredible suspension systems. That's the magic of innovation, making your car ride like a superhero!
Covered Aspects:
| Report Attribute/Metric | Details |
|---|---|
| Segment Outlook | By Product, Application and Region |
Automotive Silicone Market Highlights:
Automotive Silicone Market Overview
Automotive Silicone Market is projected to be worth USD 4.8 Billion by 2030, registering a CAGR of 6.88% during the forecast period (2021 - 2030). Automotive silicone has outstanding features such as strength, resistance, and durability that help to improve vehicle efficiency. Silicone is the ideal choice in the automobile industry because of its resistance to abrasion, UV radiation, and chemicals. The growing demand for lightweight, efficient, and long-lasting automobiles is propelling the global automotive silicone market. This expansion can be ascribed to changing lifestyle trends and a high level of disposable income. Automotive silicones are used in a variety of applications in the automotive industry, including windshield lining, cables, ignition sets, airbag cushion coatings, and radiator seals. Furthermore, the automotive silicone provides load carrying, vibration suppression, and protective shock absorption to the seats and dashboards, enhancing vehicle comfort. It is also utilized in tire remolding and lubricants to improve engine performance and longevity. Furthermore, new technological breakthroughs such as the easy usage of silicone rubber with thermoplastics to improve scratch and mar resistance as well as decreased frictional coefficient are expected to drive market growth. During the forecast period, the rising popularity of electric and hybrid vehicles, as well as the use of silicone in their manufacturing, is expected to drive significant market expansion.
Global Automotive Silicone, by the application (%)
Source: MRFR analysis
Regional Analysis
The global automotive silicones market is segmented into five regions of Asia Pacific, Europe, North America, Latin America, and the Middle East & Africa.
Asia Pacific is the leading region in the global automotive silicone market on account of the high production and sales of automotive in the region. The growing automotive industry in Japan, India, and China is the major factor driving the growth of the global market. The major automotive manufacturers in Asia Pacific region include Toyota, Honda, Nissan, Ford, Hyundai, and others. Furthermore, government regulations concerning the reduction of CO2 emissions and for environmental protection are likely to augment the market growth.
The North American regional market is growing on account of reviving automotive industry. The demand for the fuel-efficient vehicle along with the high disposable income is anticipated to fuel the market growth in the region.
Europe is expected to witness a significant growth due to the increased production and exportation of automotive parts in western European countries such as Germany, U.K, and others.
The increasing production and sales of automotive in Brazil is the major factor driving the global automotive silicone market in the Latin American region.
The growing demand for automotive in the Middle East & Africa is likely to propel the market growth in the coming years.
Segmentation
The global automotive silicone market is segmented on the basis of the product, application, and region.
The global automotive silicone market is segmented on the basis of the product as elastomers, adhesives & sealants, resins, and others.
By the application, the global automotive silicone market is segmented into interior & exterior, electrical system, engine & drive train system, suspension system, and others.
Geographically, the global automotive silicone market is spanned across five regions namely Asia Pacific, North America, Europe, Latin America, and the Middle East & Africa.
Key Players
Some of the manufacturers operating in the global automotive silicone market are 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).
Recent Development
Shin-Etsu Chemical developed in March 2023 a silicone rubber for molding that is ideal for insulation covering material for onboard high-voltage cables in autos. The KE-5641-U, the new product from Shin-Etsu Chemical to make improved silicone rubber for molding, will help to solve these problems. The resistive nature of this innovative product makes its insulation performance excellent even if the thickness of the insulation system covering layers of the highly-voltage cables is reduced. Furthermore, it enhances the flexibility of cable by thinning out such covers, which enables the production of small-diameter and lightweight, high-voltage cables, thus making them more acceptable in the automobile industry.
In September 2022, Henkel acquired Nanoramic Laboratories' Thermexit division.
In April 2022, Shin-Etsu Chemical Co., Ltd. introduced a thermal interface rubber sheet known as TC-BGI Series. It is designed to be used by electric car parts as a way of dissipating heat. High-hardness thermal interface rubber sheet with high voltage endurance and thermal conductivity.
In May 2022, Dow unveiled a brand new mouldable material that is used in adaptive driving beam (ADB) light guides within vehicles. Silastic MS-5002 mouldable silicone is a specialized Liquid Silicone Rubber (LSR) enabling the highest optical qualities due to extremely low mold fouling for faster cycle times. These materials are made specifically for injection molded parts requiring high-volume manufacturing cycles. This product launch targets to reduce the vehicle’s mass and energy requirements during production.
In January 2021, Shin-Etsu Chemical Co., Ltd. extended its silicone products portfolio aimed at producing thermal interface materials for electric vehicles because there was a need for protection against excessive heat overindulgence in lithium-ion-based batteries and other electronic control systems.
Intended Audience
- Automotive silicone Manufacturers
- Traders and distributors of automotive silicone
- Research and development institutes
- Potential investors
- Raw material suppliers
- Nationalized laboratory
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