India Silicone In Car Care Products Market Size & Outlook
India silicone in car care products market, 2016-2028 (US$M)
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India silicone in car care products market highlights
- The India silicone in car care products market generated a revenue of USD 8.5 million in 2020 and is expected to reach USD 11.8 million by 2028.
- The India market is expected to grow at a CAGR of 4.2% 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 8.5 million |
| Market revenue in 2028 | USD 11.8 million |
| Growth rate | 4.2% (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, India accounted for 3.9% 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 Asia Pacific, China silicone in car care products market is projected to lead the regional market in terms of revenue in 2028.
- India is the fastest growing regional market in Asia Pacific and is projected to reach USD 11.8 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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India 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 62.35% in 2020. Horizon Databook has segmented the India silicone in car care products market based on silicone, specialty silicones covering the revenue growth of each sub-segment from 2016 to 2028.
India is the third-largest automobile industry globally, which can be attributed to the low cost of production, skilled workforce, and strong consumer base demanding vehicle upgrades. The presence of several multinational car makers coupled with government initiatives for boosting manufacturing sector in India is expected to attract foreign direct investments.
Thus, many carmakers are aiming to establish manufacturing facilities in India. The aforementioned factors are expected to support the growth of the silicone in car care products market in the coming years.
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Horizon Databook provides a detailed overview of country-level data and insights on the India silicone in car care products market , including forecasts for subscribers. This country databook contains high-level insights into India silicone in car care products market from 2016 to 2028, including revenue numbers, major trends, and company profiles.
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India silicone in car care products market size, by product, 2016-2028 (US$M)
India Silicone In Car Care Products Market Outlook Share, 2020 & 2028 (US$M)
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