Japan Silicone In Car Care Products Market Size & Outlook
Japan silicone in car care products market, 2016-2028 (US$M)
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Japan silicone in car care products market highlights
- The Japan silicone in car care products market generated a revenue of USD 13.3 million in 2020 and is expected to reach USD 16.4 million by 2028.
- The Japan market is expected to grow at a CAGR of 2.6% 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 13.3 million |
| Market revenue in 2028 | USD 16.4 million |
| Growth rate | 2.6% (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, Japan accounted for 6.1% 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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Japan 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 57.89% in 2020. Horizon Databook has segmented the Japan silicone in car care products market based on silicone, specialty silicones covering the revenue growth of each sub-segment from 2016 to 2028.
Automobile industry in Japan is one of the significant consumers of car care products in the region owing to the robust automobile manufacturing sector coupled with consumer trends for the maintenance of cars.
Automobile industry witnessed a decline in sales in the recent past owing to weak demand from consumers, which negatively impacted the silicone in car care products market. Major automotive manufacturers in the country include Toyota, Nissan, Suzuki, and Honda.
The country witnessed a rise in new vehicle registrations, majorly for passenger cars and premium cars, in the past few years compared to commercial vehicles. Rising trend of restoration of old vehicles and vintage cars in the country is expected to create scope for the utilization of car care products, thus, supporting the market growth.
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Horizon Databook provides a detailed overview of country-level data and insights on the Japan silicone in car care products market , including forecasts for subscribers. This country databook contains high-level insights into Japan silicone in car care products market from 2016 to 2028, including revenue numbers, major trends, and company profiles.
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Japan silicone in car care products market size, by product, 2016-2028 (US$M)
Japan Silicone In Car Care Products Market Outlook Share, 2020 & 2028 (US$M)
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