Japan Silicone In Electric Vehicles Market Size & Outlook
Japan silicone in electric vehicles market, 2018-2030 (US$M)
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Japan silicone in electric vehicles market highlights
- The Japan silicone in electric vehicles market generated a revenue of USD 399.2 million in 2022 and is expected to reach USD 860.6 million by 2030.
- The Japan market is expected to grow at a CAGR of 10.1% 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.
Silicone in electric vehicles market data book summary
| Market revenue in 2022 | USD 399.2 million |
| Market revenue in 2030 | USD 860.6 million |
| Growth rate | 10.1% (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 |
Other key industry trends
- In terms of revenue, Japan accounted for 6.5% 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 Asia Pacific, China silicone in electric vehicles market is projected to lead the regional market in terms of revenue in 2030.
- China is the fastest growing regional market in Asia Pacific and is projected to reach USD 4,240.5 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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Japan 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 47.49% in 2022. Horizon Databook has segmented the Japan silicone in electric vehicles market based on elastomers, fluids, resins covering the revenue growth of each sub-segment from 2018 to 2030.
The Japanese government has announced plans to invest on installing a number of charging points as compared to the number of fuel stations in an attempt to boost the growth of electric vehicles in the country. Moreover, The Ministry of Economy, Trade and Industry of Japan has outlined a subsidy budget of approximately USD 88 billion to support the procurement of electric vehicles in the country. These plans together are expected to boost the demand for silicone in electric vehicles in the country.
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Horizon Databook provides a detailed overview of country-level data and insights on the Japan silicone in electric vehicles market , including forecasts for subscribers. This country databook contains high-level insights into Japan silicone in electric vehicles market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Japan silicone in electric vehicles market size, by product, 2018-2030 (US$M)
Japan Silicone In Electric Vehicles Market Outlook Share, 2022 & 2030 (US$M)
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