Canada Silicone In Electric Vehicles Market Size & Outlook
Canada silicone in electric vehicles market, 2018-2030 (US$M)
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Canada silicone in electric vehicles market highlights
- The Canada silicone in electric vehicles market generated a revenue of USD 144.2 million in 2022 and is expected to reach USD 243.9 million by 2030.
- The Canada market is expected to grow at a CAGR of 6.8% from 2023 to 2030.
- In terms of segment, elastomers was the largest revenue generating product in 2022.
- Elastomers is the most lucrative product segment registering the fastest growth during the forecast period.
Silicone in electric vehicles market data book summary
| Market revenue in 2022 | USD 144.2 million |
| Market revenue in 2030 | USD 243.9 million |
| Growth rate | 6.8% (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 |
Other key industry trends
- In terms of revenue, Canada accounted for 2.4% of the global silicone in electric vehicles market in 2022.
- Country-wise, China is expected to lead the global market in terms of revenue in 2030.
- In North America, U.S. silicone in electric vehicles market is projected to lead the regional market in terms of revenue in 2030.
- U.S. is the fastest growing regional market in North America and is projected to reach USD 2,807.7 million by 2030.
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Silicone In Electric Vehicles Market Scope
Silicone In Electric Vehicles Market Companies
| Name | Profile | # Employees | HQ | Website |
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Canada 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 46.88% in 2022. Horizon Databook has segmented the Canada silicone in electric vehicles market based on elastomers, fluids, resins covering the revenue growth of each sub-segment from 2018 to 2030.
The Government of Canada aims of achieving a 30% reduction in greenhouse gas (GHG) emissions by 2030 as compared to GHG emissions in 2005. The government is working with provincial and territorial authorities to develop a solid structure for battling climate change and has made a significant investment in clean technology and innovation. Under the clean technology initiative, the government plans to increase the deployment of electric vehicles to reduce pollution caused by transportation sector.
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Horizon Databook provides a detailed overview of country-level data and insights on the Canada silicone in electric vehicles market , including forecasts for subscribers. This country databook contains high-level insights into Canada silicone in electric vehicles market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Canada silicone in electric vehicles market size, by product, 2018-2030 (US$M)
Canada Silicone In Electric Vehicles Market Outlook Share, 2022 & 2030 (US$M)
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