Spain Silicone In Car Care Products Market Size & Outlook
Spain silicone in car care products market, 2016-2028 (US$M)
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Spain silicone in car care products market highlights
- The Spain silicone in car care products market generated a revenue of USD 4.0 million in 2020 and is expected to reach USD 4.9 million by 2028.
- The Spain 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 4.0 million |
| Market revenue in 2028 | USD 4.9 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, Spain accounted for 1.8% 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
| Name | Profile | # Employees | HQ | Website |
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Spain 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 62.5% in 2020. Horizon Databook has segmented the Spain silicone in car care products market based on silicone, specialty silicones covering the revenue growth of each sub-segment from 2016 to 2028.
Automotive is one of the major industrial sectors in the country, which contributes about 10% of the country’s GDP and accounts for over 20% of the total Spanish exports. Automobile industry in Spain has benefited from the robust demand from global markets.
Majority of the vehicles produced in the country are exported to other European and Asia Pacific countries. Moreover, domestic sales of passenger cars in the country have grown in line with increasing disposable incomes and rising spending power, which is expected to drive the demand for silicone in car care products.
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Horizon Databook provides a detailed overview of country-level data and insights on the Spain silicone in car care products market , including forecasts for subscribers. This country databook contains high-level insights into Spain silicone in car care products market from 2016 to 2028, including revenue numbers, major trends, and company profiles.
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Spain silicone in car care products market size, by product, 2016-2028 (US$M)
Spain Silicone In Car Care Products Market Outlook Share, 2020 & 2028 (US$M)
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