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Just like how schools have rules and teachers to make sure everyone stays safe, the car world has its own set of rules too. These rules, made by the government, decide how cars should be made and what they should have to keep people safe. They affect everything from how the car looks to the cool features inside it, and even how it performs on the road. These rules make sure that cars are made in a way that protects everyone who uses them.
These car rules are super important because, sadly, a lot of people get hurt in car accidents every year. According to the World Health Organization (WHO), about 1.3 million people lose their lives in road accidents, and many more get injured. These accidents don't just hurt the people involved, but they also cost a lot of money for their families and the whole country. Treatment for injuries, missed work or school, and other things all add up to a big loss of money.
The WHO, which is like the leader in health for the whole world, is working hard to make roads safer. They say that in many countries, about 3% of all the money a country makes (called GDP) is lost because of road accidents. That's a lot! Most of the people who die in these accidents are from countries that don't have a lot of money. Even in rich countries, people from poorer families are more likely to be in accidents.
The WHO is like the superhero for road safety. They work with countries all over the world to make sure everyone follows safety rules. They also team up with other organizations, like the Bloomberg Initiative for Global Road Safety, to help countries with fewer resources stay safe on the roads.
Imagine if cars were superheroes too. Well, there's something called the United Nations World Forum for Harmonization of Vehicle Regulations. It makes rules about how cars should be built to keep everyone safe. Cars that follow these rules are less likely to get into accidents, and if they do, they cause less harm.
But here's the catch: not all countries follow these rules. Only 40 countries are doing it right. As more and more people around the world start driving cars, it's really important that everyone follows the rules to make driving as safe as possible.
One super important part of a car that keeps it safe is the suspension system. It's like the car's backbone, making sure it handles well and stops properly. With better safety rules, the demand for great suspension systems is growing. So, thanks to these safety rules, cars are becoming safer for all of us, one ride at a time.
Covered Aspects:
| Report Attribute/Metric | Details |
|---|---|
| Market Opportunities | The increasing trend for the usage of the electric and hybrid vehicle and the use of silicone in making parts of them is anticipated to offer substantial market growth during the review period. |
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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