Europe Silicone In Electric Vehicles Market Size & Outlook
Europe silicone in electric vehicles market, 2018-2030 (US$M)
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Europe silicone in electric vehicles market highlights
- The Europe silicone in electric vehicles market generated a revenue of USD 1,542.0 million in 2022.
- The market is expected to grow at a CAGR of 9.1% 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.
- Country-wise, Germany is expected to register the highest CAGR from 2023 to 2030.
Europe data book summary
| Market revenue in 2022 | USD 1,542.0 million |
| Market revenue in 2030 | USD 3,092.5 million |
| Growth rate | 9.1% (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 |
| 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, Europe region accounted for 25.3% of the global silicone in electric vehicles market in 2022.
- Globally, Asia Pacific is projected to lead the regional market in terms of revenue in 2030.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 5,905.2 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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Europe 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 45.1% in 2022. Horizon Databook has segmented the Europe silicone in electric vehicles market based on elastomers, fluids, resins covering the revenue growth of each sub-segment from 2018 to 2030.
The EU Commission has built a strategy for low-emission mobility that incorporates long-term objectives of decreasing the oil import reliance with subsequent implementation of electrification of transport facilities, which will move toward increasing the number of low and zero emission vehicles. The strategy would boost the demand for electric vehicles in the region, which, in turn, is projected to fuel the demand for silicone in electric vehicles over the forecast period.
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Horizon Databook provides a detailed overview of continent-level data and insights on the Europe silicone in electric vehicles market , including forecasts for subscribers. This continent databook contains high-level insights into Europe silicone in electric vehicles market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Europe silicone in electric vehicles market size, by country, 2018-2030 (US$M)
Europe Silicone In Electric Vehicles Market Outlook Share, 2022 & 2030 (US$M)
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