Germany Silicone In Car Care Products Market Size & Outlook
Germany silicone in car care products market, 2016-2028 (US$M)
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Germany silicone in car care products market highlights
- The Germany silicone in car care products market generated a revenue of USD 12.3 million in 2020 and is expected to reach USD 16.5 million by 2028.
- The Germany market is expected to grow at a CAGR of 3.8% 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 12.3 million |
| Market revenue in 2028 | USD 16.5 million |
| Growth rate | 3.8% (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, Germany accounted for 5.7% 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 Europe, Germany silicone in car care products market is projected to lead the regional market in terms of revenue in 2028.
- Germany is the fastest growing regional market in Europe and is projected to reach USD 16.5 million by 2028.
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Silicone In Car Care Products Market Scope
Silicone In Car Care Products Market Companies
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Germany 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 70.73% in 2020. Horizon Databook has segmented the Germany silicone in car care products market based on silicone, specialty silicones covering the revenue growth of each sub-segment from 2016 to 2028.
Germany was the largest market for automobiles in the region in 2020, backed by the presence of a large pool of original equipment manufacturers and a strong consumer base. The country is presumed to be a significant contributor to the silicone in car care products market owing to the increasing trends of vehicle maintenance and periodic servicing of vehicles.
Moreover, technological developments in automobile sector in Germany are expected to increase the demand for passenger cars and luxury cars, which is likely to augment the demand for silicone in car care products.
Shifting trend toward the development of lightweight and more efficient vehicles in automobile industry of the country is expected to have a positive impact on the market. The growth of automotive industry in Germany is expected to be a key factor driving the demand for silicone in car care products over the forecast period.
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Horizon Databook provides a detailed overview of country-level data and insights on the Germany silicone in car care products market , including forecasts for subscribers. This country databook contains high-level insights into Germany silicone in car care products market from 2016 to 2028, including revenue numbers, major trends, and company profiles.
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Germany silicone in car care products market size, by product, 2016-2028 (US$M)
Germany Silicone In Car Care Products Market Outlook Share, 2020 & 2028 (US$M)
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