Latin America Silicone In Car Care Products Market Size & Outlook
Latin America silicone in car care products market, 2016-2028 (US$M)
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Latin America silicone in car care products market highlights
- The Latin America silicone in car care products market generated a revenue of USD 10.8 million in 2020.
- The market is expected to grow at a CAGR of 2.3% 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.
- Country-wise, Argentina is expected to register the highest CAGR from 2021 to 2028.
Latin America data book summary
| Market revenue in 2020 | USD 10.8 million |
| Market revenue in 2028 | USD 13.0 million |
| Growth rate | 2.3% (CAGR from 2020 to 2028) |
| Largest segment | Specialty silicones |
| Fastest growing segment | Specialty Silicones |
| Historical data covered | 2016 - 2019 |
| Base year for estimation | 2020 |
| Forecast period covered | 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, Latin America region accounted for 5.0% of the global silicone in car care products market in 2020.
- Globally, Asia Pacific is projected to lead the regional market in terms of revenue in 2028.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 128.0 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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Latin America 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 63.89% in 2020. Horizon Databook has segmented the Latin America silicone in car care products market based on silicone, specialty silicones covering the revenue growth of each sub-segment from 2016 to 2028.
Silicone in car care products market in Central & South America is mainly driven by Brazil, Argentina, and Columbia. The consumers in this region are inclined toward regular maintenance of their vehicles with a focus on maintaining vehicle shine and paints.
Thus the demand for wax and polishes is high. Moreover, the sales of premium class sedans and passenger cars have witnessed higher growth in the past few years, thus driving the demand for silicone products in car care for aftermarket maintenance of the vehicles.
Countries such as Brazil, Chile, Peru, and Argentina have been witnessing rapid growth in their automobile sectors owing to rising government as well as private investments.
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Horizon Databook provides a detailed overview of continent-level data and insights on the Latin America silicone in car care products market , including forecasts for subscribers. This continent databook contains high-level insights into Latin America silicone in car care products market from 2016 to 2028, including revenue numbers, major trends, and company profiles.
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Latin America silicone in car care products market size, by country, 2016-2028 (US$M)
Latin America Silicone In Car Care Products Market Outlook Share, 2020 & 2028 (US$M)
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