Brazil Silicone In Car Care Products Market Size & Outlook
Brazil silicone in car care products market, 2016-2028 (US$M)
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Brazil silicone in car care products market highlights
- The Brazil silicone in car care products market generated a revenue of USD 5.8 million in 2020 and is expected to reach USD 6.9 million by 2028.
- The Brazil market is expected to grow at a CAGR of 2.4% from 2021 to 2028.
- In terms of segment, specialty silicones was the largest revenue generating product in 2020.
- Specialty Silicones is the most lucrative product segment registering the fastest growth during the forecast period.
Silicone in car care products market data book summary
| Market revenue in 2020 | USD 5.8 million |
| Market revenue in 2028 | USD 6.9 million |
| Growth rate | 2.4% (CAGR from 2020 to 2028) |
| Largest segment | Specialty silicones |
| Fastest growing segment | Specialty Silicones |
| Historical data | 2016 - 2019 |
| Base year | 2020 |
| Forecast period | 2021 - 2028 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Silicone, Specialty Silicones |
| Key market players worldwide | 3M Co, CHT Group, Evonik Industries AG, Dow Inc, Momentive, Henkel AG & Co KGaA, Sonax, Wacker Chemie AG, Shin-Etsu Chemical Co Ltd, Energizer Holdings Inc, MA-FRA, Liqui Moly |
Other key industry trends
- In terms of revenue, Brazil accounted for 2.7% of the global silicone in car care products market in 2020.
- Country-wise, China is expected to lead the global market in terms of revenue in 2028.
- In Latin America, Brazil silicone in car care products market is projected to lead the regional market in terms of revenue in 2028.
- Argentina is the fastest growing regional market in Latin America and is projected to reach USD 1.8 million by 2028.
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Silicone In Car Care Products Market Scope
Silicone In Car Care Products Market Companies
| Name | Profile | # Employees | HQ | Website |
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Brazil silicone in car care products 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 in car care products market will help companies and investors design strategic landscapes.
Specialty silicones was the largest segment with a revenue share of 63.79% in 2020. Horizon Databook has segmented the Brazil silicone in car care products market based on silicone, specialty silicones covering the revenue growth of each sub-segment from 2016 to 2028.
Brazil has been witnessing a significant rise in production and sales of automobiles in the recent past. For instance, according to the Organisation Internationale des Constructeurs d'Automobiles (OICA).
Economic growth, fiscal incentives from the government, and more favorable consumer credit policies are likely to augment the market growth of silicone in car care products. Rodabrill, which is located in Sao Paulo, is one of the key vendors in the market which offers silicone gel for car care applications.
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Horizon Databook provides a detailed overview of country-level data and insights on the Brazil silicone in car care products market , including forecasts for subscribers. This country databook contains high-level insights into Brazil silicone in car care products market from 2016 to 2028, including revenue numbers, major trends, and company profiles.
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Brazil silicone in car care products market size, by product, 2016-2028 (US$M)
Brazil Silicone In Car Care Products Market Outlook Share, 2020 & 2028 (US$M)
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