U.S. Silicone In Car Care Products Market Size & Outlook
U.S. silicone in car care products market, 2016-2028 (US$M)
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U.S. silicone in car care products market highlights
- The U.S. silicone in car care products market generated a revenue of USD 38.3 million in 2020 and is expected to reach USD 46.6 million by 2028.
- The U.S. market is expected to grow at a CAGR of 2.5% 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 38.3 million |
| Market revenue in 2028 | USD 46.6 million |
| Growth rate | 2.5% (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, U.S. accounted for 17.7% 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 North America, U.S. silicone in car care products market is projected to lead the regional market in terms of revenue in 2028.
- Mexico is the fastest growing regional market in North America and is projected to reach USD 5.2 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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U.S. 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 61.88% in 2020. Horizon Databook has segmented the U.S. silicone in car care products market based on silicone, specialty silicones covering the revenue growth of each sub-segment from 2016 to 2028.
According to United States Geological Survey (USGS), the U.S. was the fourth-largest producer of silicon in 2020. The U.S. silicone in car care products market is expected to accelerate in the coming years on account of robust growth in automotive industry.
The industry is further likely to expand owing to the establishments by prominent players such as Ford Motors and General Motors. Moreover, the presence of manufacturers of car care products, such as 3M, along with their establishments for car care centers across the country is expected to augment the market growth.
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Horizon Databook provides a detailed overview of country-level data and insights on the U.S. silicone in car care products market , including forecasts for subscribers. This country databook contains high-level insights into U.S. silicone in car care products market from 2016 to 2028, including revenue numbers, major trends, and company profiles.
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U.S. silicone in car care products market size, by product, 2016-2028 (US$M)
U.S. Silicone In Car Care Products Market Outlook Share, 2020 & 2028 (US$M)
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