Germany Silicone In Electric Vehicles Market Size & Outlook
Germany silicone in electric vehicles market, 2018-2030 (US$M)
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Germany silicone in electric vehicles market highlights
- The Germany silicone in electric vehicles market generated a revenue of USD 262.9 million in 2022 and is expected to reach USD 622.7 million by 2030.
- The Germany market is expected to grow at a CAGR of 11.4% 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 262.9 million |
| Market revenue in 2030 | USD 622.7 million |
| Growth rate | 11.4% (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, Germany accounted for 4.3% 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 Europe, Germany silicone in electric vehicles market is projected to lead the regional market in terms of revenue in 2030.
- Germany is the fastest growing regional market in Europe and is projected to reach USD 622.7 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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Germany 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 48.54% in 2022. Horizon Databook has segmented the Germany silicone in electric vehicles market based on elastomers, fluids, resins covering the revenue growth of each sub-segment from 2018 to 2030.
As per Germany’s National Electromobility Development Plan, Germany plans to roll out 1 million electric vehicles by 2020, which provides a lucrative opportunity for electric vehicle manufacturers to establish their presence and gain market share. With the increase in the production of electric vehicles, the demand for silicone in electric vehicles is consequently expected to increase.
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Horizon Databook provides a detailed overview of country-level data and insights on the Germany silicone in electric vehicles market , including forecasts for subscribers. This country databook contains high-level insights into Germany silicone in electric vehicles market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Germany silicone in electric vehicles market size, by product, 2018-2030 (US$M)
Germany Silicone In Electric Vehicles Market Outlook Share, 2022 & 2030 (US$M)
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