Brazil Silicone Elastomer Market Size & Outlook, 2022-2030
Brazil silicone elastomer market, 2019-2030 (US$M)
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Brazil silicone elastomer market highlights
- The Brazil silicone elastomer market generated a revenue of USD 133.5 million in 2022 and is expected to reach USD 246.2 million by 2030.
- The Brazil market is expected to grow at a CAGR of 7.9% from 2023 to 2030.
- In terms of segment, lsr was the largest revenue generating product in 2022.
- RTV is the most lucrative product segment registering the fastest growth during the forecast period.
Silicone elastomer market data book summary
| Market revenue in 2022 | USD 133.5 million |
| Market revenue in 2030 | USD 246.2 million |
| Growth rate | 7.9% (CAGR from 2022 to 2030) |
| Largest segment | Lsr |
| Fastest growing segment | RTV |
| Historical data | 2019 - 2021 |
| Base year | 2022 |
| Forecast period | 2023 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | HTV, RTV, LSR |
| Key market players worldwide | China National Bluestar Group, Dow Inc, MicroAlgo Inc, Momentive, Shin-Etsu Chemical Co Ltd, Wacker Chemie AG |
Other key industry trends
- In terms of revenue, Brazil accounted for 2.3% of the global silicone elastomer market in 2022.
- Country-wise, China is expected to lead the global market in terms of revenue in 2030.
- In Latin America, Brazil silicone elastomer market is projected to lead the regional market in terms of revenue in 2030.
- Brazil is the fastest growing regional market in Latin America and is projected to reach USD 246.2 million by 2030.
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Silicone Elastomer Market Scope
Silicone Elastomer Market Companies
| Name | Profile | # Employees | HQ | Website |
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Brazil silicone elastomer market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to silicone elastomer market will help companies and investors design strategic landscapes.
Lsr was the largest segment with a revenue share of 63.22% in 2022. Horizon Databook has segmented the Brazil silicone elastomer market based on htv, rtv, lsr covering the revenue growth of each sub-segment from 2019 to 2030.
Brazil is the leader in Central & South America, in terms of automobile production. According to statistics by OICA, the country was the eighth-largest automobile producer in the world in 2021. Although majority of the cars manufactured in Brazil are used locally, some are exported to other countries.
According to OICA, 2,248,253 vehicles were sold in the country in 2021, compared to 2,014,055 vehicles sold in 2020. The country is home to over 400 auto parts producers, including General Motors, Volkswagen AG, Ford Motor Company, FCA Italy S.p.A., and Renault Group.
Brazil is expected to witness substantial growth due to the increasing demand for trucks and buses. This is expected to drive the demand for O-rings, radiator hoses, hood seals, vehicle bumpers, window seals, and fender extensions, thus propelling the demand for silicone elastomers.
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Our clientele includes a mix of silicone elastomer market companies, investment firms, advisory firms & academic institutions.
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Horizon Databook provides a detailed overview of country-level data and insights on the Brazil silicone elastomer market , including forecasts for subscribers. This country databook contains high-level insights into Brazil silicone elastomer market from 2019 to 2030, including revenue numbers, major trends, and company profiles.
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Brazil silicone elastomer market size, by product, 2019-2030 (US$M)
Brazil Silicone Elastomer Market Outlook Share, 2022 & 2030 (US$M)
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