Middle East & Africa Silicone In Electric Vehicles Market Size & Outlook
Middle East & Africa silicone in electric vehicles market, 2018-2030 (US$M)
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MEA silicone in electric vehicles market highlights
- The MEA silicone in electric vehicles market generated a revenue of USD 117.5 million in 2022.
- The market is expected to grow at a CAGR of 3.7% 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.
MEA data book summary
| Market revenue in 2022 | USD 117.5 million |
| Market revenue in 2030 | USD 157.3 million |
| Growth rate | 3.7% (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, MEA region accounted for 1.9% 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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Middle East & Africa 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 45.45% in 2022. Horizon Databook has segmented the Middle East & Africa silicone in electric vehicles market based on elastomers, fluids, resins covering the revenue growth of each sub-segment from 2018 to 2030.
In accordance with the Smart Dubai initiative, Dubai Electricity and Water Authority (DEWA) has planned to double their charging stations by 2020 across Dubai to complete the second phase of the green charger initiative.
The initiative also enables the procurement of green bank loans, green insurance plans, and green registration of vehicles to encourage the buyers of electric vehicles. The problems associated with the Middle East & Africa are climatic changes, air pollution and traffic congestions, which can be addressed with the adoption of electric vehicles in the current transport system.
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Horizon Databook provides a detailed overview of continent-level data and insights on the Middle East & Africa silicone in electric vehicles market , including forecasts for subscribers. This continent databook contains high-level insights into Middle East & Africa silicone in electric vehicles market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Middle East & Africa silicone in electric vehicles market
Middle East & Africa Silicone In Electric Vehicles Market Outlook Share, 2022 & 2030 (US$M)
Middle East & Africa silicone in electric vehicles market
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