Germany Silicone Market Size & Outlook, 2022-2030
Germany silicone market, 2019-2030 (US$Ms)
Related Markets
Germany silicone market highlights
- The Germany silicone market generated a revenue of USD 1,919.7 millions in 2022 and is expected to reach USD 2,820.9 millions by 2030.
- The Germany market is expected to grow at a CAGR of 4.9% from 2023 to 2030.
- In terms of segment, elastomers was the largest revenue generating product in 2022.
- Gels is the most lucrative product segment registering the fastest growth during the forecast period.
Silicone market data book summary
| Market revenue in 2022 | USD 1,919.7 millions |
| Market revenue in 2030 | USD 2,820.9 millions |
| Growth rate | 4.9% (CAGR from 2022 to 2030) |
| Largest segment | Elastomers |
| Fastest growing segment | Gels |
| Historical data | 2019 - 2021 |
| Base year | 2022 |
| Forecast period | 2023 - 2030 |
| Quantitative units | Revenue in USD millions |
| Market segmentation | Fluids, Gels, Resins, Elastomers |
| Key market players worldwide | Shin-Etsu Chemical Co Ltd, Wacker Chemie AG, Illinois Tool Works Inc, Evonik Industries AG, CK Hutchison Holdings Ltd, Kemira Oyj, Dow Inc, Elkem ASA Ordinary Shares |
Other key industry trends
- In terms of revenue, Germany accounted for 9.6% of the global silicone market in 2022.
- Country-wise, China is expected to lead the global market in terms of revenue in 2030.
- In Europe, Germany silicone market is projected to lead the regional market in terms of revenue in 2030.
- Russia is the fastest growing regional market in Europe and is projected to reach USD 864.1 millions by 2030.
No credit card required*
Horizon in a snapshot
- 30K+ Global Market Reports
- 120K+ Country Reports
- 1.2M+ Market Statistics
- 200K+ Company Profiles
- Industry insights and more
Silicone Market Scope
Silicone Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Germany silicone 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 market will help companies and investors design strategic landscapes.
Elastomers was the largest segment with a revenue share of 45.36% in 2022. Horizon Databook has segmented the Germany silicone market based on fluids, gels, resins, elastomers covering the revenue growth of each sub-segment from 2019 to 2030.
Germany is one of the most prominent automotive markets in the European region. The significant growth of automotive market in the country is attributed to the high demand for passenger cars in the country. According to the International Organization of Motor Vehicle Manufacturers (IOCA), in 2019, the country produced over 4.6 million units of passenger cars.
Automotive industry in the country is witnessing a transition from IC and diesel to low CO2 or no emission engines, supported by various government regulations and incentives. As per the Germany’s National Electromobility Development Plan, the country plans to roll out 1 million electric vehicles by 2020, which is likely to provide a lucrative opportunity for electric vehicle manufacturers to establish their presence and gain market share.
Several government incentives to promote the adoption of electric vehicles are projected to offer growth opportunities for manufacturers of electric vehicles in the country. With the increase in the production of electric vehicles, the demand for silicone in electric vehicles is expected to increase over the forecast period.
Reasons to subscribe to Germany silicone market databook:
-
Access to comprehensive data: Horizon Databook provides over 1 million market statistics and 20,000+ reports, offering extensive coverage across various industries and regions.
-
Informed decision making: Subscribers gain insights into market trends, customer preferences, and competitor strategies, empowering informed business decisions.
-
Cost-Effective solution: It's recognized as the world's most cost-effective market research database, offering high ROI through its vast repository of data and reports.
-
Customizable reports: Tailored reports and analytics allow companies to drill down into specific markets, demographics, or product segments, adapting to unique business needs.
-
Strategic advantage: By staying updated with the latest market intelligence, companies can stay ahead of competitors, anticipate industry shifts, and capitalize on emerging opportunities.
Target buyers of Germany silicone market databook
-
Our clientele includes a mix of silicone market companies, investment firms, advisory firms & academic institutions.
-
30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
-
Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
-
The rest of the revenue is generated working with academic and research not-for-profit institutes. We do our bit of pro-bono by working with these institutions at subsidized rates.
Horizon Databook provides a detailed overview of country-level data and insights on the Germany silicone market , including forecasts for subscribers. This country databook contains high-level insights into Germany silicone market from 2019 to 2030, including revenue numbers, major trends, and company profiles.
Partial client list
Germany silicone market size, by product, 2019-2030 (US$Ms)
Germany Silicone Market Outlook Share, 2022 & 2030 (US$Ms)
Related regional statistics
Sign up - it's easy, and free!
Sign up and get instant basic access to databook, upgrade
when ready, or enjoy our
free plan indefinitely.
Included in Horizon account
- 30K+ Global Market Reports
- 120K+ Country Reports
- 1.2M+ Market Statistics
- 200K+ Company Profiles
- Industry insights and more
