Latin America Silicone In Electric Vehicles Market Size & Outlook
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Latin America silicone in electric vehicles market highlights
- The Latin America silicone in electric vehicles market generated a revenue of USD 127.2 million in 2022.
- The market is expected to grow at a CAGR of 5.9% 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, Brazil is expected to register the highest CAGR from 2023 to 2030.
Latin America data book summary
| Market revenue in 2022 | USD 127.2 million |
| Market revenue in 2030 | USD 200.5 million |
| Growth rate | 5.9% (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, Latin America region accounted for 2.1% 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 |
|---|---|---|---|---|
| CHT Silicone Experts | View profile | 1001-5000 | Tübingen, Baden-Wurttemberg, Germany, Europe | https://cht-silicones.com/ |
| Nexeon | View profile | 101-250 | Abingdon, Oxfordshire, United Kingdom, Europe | http://www.nexeon.co.uk |
| KCC | View profile | 1001-5000 | Seocho, Seoul-t'ukpyolsi, South Korea, Asia | https://www.kccworld.co.kr |
| LORD Corporation | View profile | 1001-5000 | Cary, North Carolina, United States, North America | http://www.lord.com |
| Rogers Corp | View profile | 3300 | 2225 West Chandler Boulevard, Chandler, AZ, United States, 85224-6155 | https://www.rogerscorp.com |
| H.B. Fuller Co | View profile | 7200 | 1200 Willow Lake Boulevard, Saint Paul, MN, United States, 55110-5101 | https://www.hbfuller.com |
| Elkem ASA Ordinary Shares | View profile | 7436 | Drammensveien 169, Oslo, Norway, 0277 | https://www.elkem.com |
| Shin-Etsu Chemical Co Ltd | View profile | 25717 | 6-1, Ohtemachi 2-chome, Chiyoda-ku, Tokyo, Japan, 100-0004 | http://www.shinetsu.co.jp |
| Wacker Chemie AG | View profile | 16378 | Hanns-Seidel-Platz 4, Munich, BY, Germany, 81737 | https://www.wacker.com |
| Dow Inc | View profile | 35900 | 2211 H.H. Dow Way, Midland, MI, United States, 48674 | https://www.dow.com |
Latin America 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 44.89% in 2022. Horizon Databook has segmented the Latin America silicone in electric vehicles market based on elastomers, fluids, resins covering the revenue growth of each sub-segment from 2018 to 2030.
The governments of prominent countries such as Argentina, Chile, and Brazil in Central & South America are planning to waive import taxes on the procurement of battery electric vehicles and hybrid electric vehicles to promote the growth of electric vehicles in the region.
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Horizon Databook provides a detailed overview of continent-level data and insights on the Latin America silicone in electric vehicles market , including forecasts for subscribers. This continent databook contains high-level insights into Latin America silicone in electric vehicles market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Latin America silicone in electric vehicles market size, by country, 2018-2030 (US$M)
Latin America Silicone In Electric Vehicles Market Outlook Share, 2022 & 2030 (US$M)
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