North America Silicone In Car Care Products Market Size & Outlook
North America silicone in car care products market, 2016-2028 (US$M)
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North America silicone in car care products market highlights
- The North America silicone in car care products market generated a revenue of USD 45.5 million in 2020.
- The 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.
- Country-wise, Mexico is expected to register the highest CAGR from 2021 to 2028.
North America data book summary
| Market revenue in 2020 | USD 45.5 million |
| Market revenue in 2028 | USD 55.8 million |
| Growth rate | 2.6% (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, North America region accounted for 21.0% 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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North 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 62.2% in 2020. Horizon Databook has segmented the North America silicone in car care products market based on silicone, specialty silicones covering the revenue growth of each sub-segment from 2016 to 2028.
North America is considered a mature market for car care products owing to the increasing sales of cars and growing awareness regarding vehicle maintenance. Moreover, increasing utilization of mini trucks as family cars and upscaling demand for luxury vehicles are anticipated to create a wide application scope for silicone in car care products.
The region is favorable for manufacturing vehicles owing to the developed industrial sector, high demand from end users, and increasing per capita income.
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Horizon Databook provides a detailed overview of continent-level data and insights on the North America silicone in car care products market , including forecasts for subscribers. This continent databook contains high-level insights into North America silicone in car care products market from 2016 to 2028, including revenue numbers, major trends, and company profiles.
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North America silicone in car care products market size, by country, 2016-2028 (US$M)
North America Silicone In Car Care Products Market Outlook Share, 2020 & 2028 (US$M)
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