Global Silicone In Electric Vehicles Market Size & Outlook
The silicone in electric vehicles industry worldwide is expected to reach a projected revenue of US$ 12,455.7 million by 2030. A compound annual growth rate of 9.3% is expected of the worldwide silicone in electric vehicles industry from 2023 to 2030.
Revenue, 2022 (US$M)
$6,098.2
Forecast, 2030 (US$M)
$12,455.7
CAGR, 2023 - 2030
9.3%
Report Coverage
Worldwide
Global silicone in electric vehicles market, 2018-2030 (US$M)
Related Markets
Global silicone in electric vehicles market highlights
- The global silicone in electric vehicles market generated a revenue of USD 6,098.2 million in 2022 and is expected to reach USD 12,455.7 million by 2030.
- The market is expected to grow at a CAGR (2023 - 2030) of 9.3% by 2030.
- In terms of segment, elastomers accounted for a revenue of USD 2,873.7 million in 2022.
- Elastomers is the most lucrative product segment registering the fastest growth during the forecast period.
- In terms of region, Asia Pacific was the largest revenue generating market in 2022.
- Country-wise, Mexico is expected to register the highest CAGR from 2023 to 2030.
Global data book summary
| Market revenue in 2022 | USD 6,098.2 million |
| Market revenue in 2030 | USD 12,455.7 million |
| Growth rate | 9.3% (CAGR from 2022 to 2030) |
| Largest segment | Elastomers |
| Fastest growing segment | Elastomers |
| Historical data covered | 2018 - 2021 |
| Base year for estimation | 2022 |
| Forecast period covered | 2023 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Elastomers, Fluids, Resins |
Other key industry trends
- In terms of revenue, the North America accounted for 27.4% of the global silicone in electric vehicles market in 2022.
- By country, the China is projected to lead the global market in terms of revenue in 2030.
- By country, Mexico is the fastest growing regional market and is projected to reach USD 48.6 million by 2030.
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Silicone In Electric Vehicles Market Scope
Silicone in electric vehicles market segmentation & scope
Silicone In Electric Vehicles Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Global silicone in electric vehicles 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 electric vehicles market will help companies and investors design strategic landscapes.
elastomers was the largest segment with a revenue share of 47.12% in 2022. Horizon Databook has segmented the Global silicone in electric vehicles market based on elastomers, fluids, resins covering the revenue growth of each sub-segment from 2018 to 2030.
- Global Silicone In Electric Vehicles Product Outlook (Revenue, USD Million, 2018-2030)
- Elastomers
- Fluids
- Resins
- Others
- Global Silicone In Electric Vehicles Charging Type Outlook (Revenue, USD Million, 2018-2030)
- Plugin Hybrid Electric Vehicle (PHEV)
- Battery Electric Vehicle (BEV)
- Global Silicone In Electric Vehicles Vehicle Type Outlook (Revenue, USD Million, 2018-2030)
- Light Motor Vehicle
- Commercial Motor Vehicle
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Horizon Databook provides a detailed overview of global-level data and insights on the Global silicone in electric vehicles market , including forecasts for subscribers. This global databook contains high-level insights into Global silicone in electric vehicles market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Global silicone in electric vehicles market statistics, by region, 2018-2030 (US$M)
Top 10 countries by Silicone In Electric Vehicles Market revenue, 2022 (USD Million)
Top 10 countries by Silicone In Electric Vehicles Market revenue, 2022 (USD Million)
Global silicone in electric vehicles market, by region, 2022 (US$M)
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