Mexico Silicone In Electric Vehicles Market Size & Outlook

The silicone in electric vehicles market in Mexico is expected to reach a projected revenue of US$ 48.6 million by 2030. A compound annual growth rate of 3.2% is expected of Mexico silicone in electric vehicles market from 2023 to 2030.
Revenue, 2022 (US$M)
$37.8
Forecast, 2030 (US$M)
$48.6
CAGR, 2023 - 2030
3.2%
Report Coverage
Mexico

Mexico silicone in electric vehicles market highlights

  • The Mexico silicone in electric vehicles market generated a revenue of USD 37.8 million in 2022 and is expected to reach USD 48.6 million by 2030.
  • The Mexico market is expected to grow at a CAGR of 3.2% 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 2022USD 37.8 million
Market revenue in 2030USD 48.6 million
Growth rate3.2% (CAGR from 2022 to 2030)
Largest segmentElastomers
Fastest growing segmentElastomers
Historical data2018 - 2021
Base year2022
Forecast period2023 - 2030
Quantitative unitsRevenue in USD million
Market segmentationElastomers, Fluids, Resins
Key market players worldwideWacker 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, Mexico accounted for 0.6% 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 North America, U.S. silicone in electric vehicles market is projected to lead the regional market in terms of revenue in 2030.
  • U.S. is the fastest growing regional market in North America and is projected to reach USD 2,807.7 million by 2030.

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Silicone In Electric Vehicles Market Companies

Name Profile # Employees HQ Website

Mexico 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 47.62% in 2022. Horizon Databook has segmented the Mexico silicone in electric vehicles market based on elastomers, fluids, resins covering the revenue growth of each sub-segment from 2018 to 2030.


  • Mexico Silicone In Electric Vehicles Product Outlook (Revenue, USD Million, 2018-2030)
    • Elastomers
    • Fluids
    • Resins
    • Others
  • Mexico Silicone In Electric Vehicles Charging Type Outlook (Revenue, USD Million, 2018-2030)
    • Plugin Hybrid Electric Vehicle (PHEV)
    • Battery Electric Vehicle (BEV)
  • Mexico Silicone In Electric Vehicles Vehicle Type Outlook (Revenue, USD Million, 2018-2030)
    • Light Motor Vehicle
    • Commercial Motor Vehicle

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Horizon Databook provides a detailed overview of country-level data and insights on the Mexico silicone in electric vehicles market , including forecasts for subscribers. This country databook contains high-level insights into Mexico silicone in electric vehicles market from 2018 to 2030, including revenue numbers, major trends, and company profiles.

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Mexico - north america silicone in electric vehicles market size, by product, 2018-2030 (US$M)

Mexico Silicone In Electric Vehicles Market Outlook Share, 2022 & 2030 (US$M)

Mexico - north america silicone in electric vehicles market size, by product, 2018-2030 (US$M)

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