Market revenue in 2022 | USD 51.6 million |
Market revenue in 2030 | USD 76.9 million |
Growth rate | 5.1% (CAGR from 2022 to 2030) |
Largest segment | Elastomers |
Fastest growing segment | Elastomers |
Historical data | 2018 - 2021 |
Base year | 2022 |
Forecast period | 2023 - 2030 |
Quantitative units | Revenue in USD million |
Market segmentation | Elastomers, Fluids, Resins |
Key market players worldwide | Wacker Chemie AG, Elkem ASA Ordinary Shares, Dow Inc, H.B. Fuller Co, Rogers Corp, Shin-Etsu Chemical Co Ltd, KCC, LORD Corporation, Nexeon, CHT Silicone Experts |
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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 43.6% in 2022. Horizon Databook has segmented the Brazil silicone in electric vehicles market based on elastomers, fluids, resins covering the revenue growth of each sub-segment from 2018 to 2030.
In Brazil, electric vehicles have been exempted from industrialized products tax as stated in the Federal Senate Bill 174/2014 by the Commission for the Environment, Consumer Protection and Monitoring. The bill also lifts the import taxes on the procurement of components in electric vehicles, as these initiatives would lower the cost of electric vehicles, which is likely to boost the growth of silicone in electric vehicles over the forecast period.
Horizon Databook provides a detailed overview of country-level data and insights on the Brazil silicone in electric vehicles market , including forecasts for subscribers. This country databook contains high-level insights into Brazil silicone in electric vehicles market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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