Silicone In Car Care Products Market Size, Share & Trends Analysis Report By Product (Silicones, Specialty Silicones), By Application (Paint Preservatives, Polishes, Spray Wax, Leather & Vinyl Care), By End User, By Region, And Segment Forecasts, 2021 - 2028

Report Overview

The global silicone in car care products market size was valued at USD 216.9 million in 2020 and is expected to expand at a compound annual growth rate (CAGR) of 3.2% from 2021 to 2028. The global car care products industry consists of many players operating in the market across the globe. Various silicone-based car care products have been developed with technological advancements, including car polish, car wax, glass cleaning products, interior/exterior care products, wheels & tire care products, and others.

The growth of the market for silicone in car care products is likely to be driven by rising automotive sales coupled with growing awareness regarding the appearance and maintenance of the vehicle. Petroleum and surfactant-based car cleaning products have also been formulated to remove the damaged coating present on the vehicle surface. These products are commonly used before applying the new coating layer. In addition, various degreasing cleaners are also used to remove oil stains and adhesive residues from the car.

The U.S. market for silicone in car care products is expected to accelerate in the coming years on account of robust growth in the automotive industry. The industry is likely to expand owing to the establishments by prominent automotive players. The presence of manufacturers of car care products, along with their establishments for car care centers across the country is expected to augment the market growth. Moreover, the increasing awareness among consumers regarding the benefits of car care products is expected to drive their consumption over the estimated period.

Moreover, the rising number of luxury car owners is expected to fuel the market for silicones in car care products. The sale of luxury vehicles is attributed to the growing wealth among the population on a global level in some of the developed and developing economies. According to Capgemini’s World Wealth in 2020, the global high-net-worth individual (HNWI) wealth grew by 7.6% and the HNWI population grew 6.3%, nearly reaching USD 80 trillion. The rising high net worth population is one of the significant factors influencing the sale of luxury vehicles which will drive the silicone in the car care products market.

Product Insights

The specialty silicones segment dominated the market for silicone in car care products and accounted for more than 60.0% of the overall revenue share in 2020. Specialty silicones are added to paints and coatings to improve slip, mar resistance, leveling, and foam control. The rapidly growing automotive industry has propelled the demand for a variety and durability of color variations on the vehicles. Also, the wear resistance exhibited by specialty silicones makes them suitable to be used on interior components.

Silicone aerosols are another form of specialty silicone used on interior components, especially dashboards since they are more prone to daily wear and tear. They restore the shine and enhance the color hence keeping the cockpit clean. Silicones are used to modify a specific characteristic of ingredients in polishes, wax, or protectant formula. They are known for their excellent low-temperature flexibility, oxidative stability, and weathering resistance. These polymers also have low surface tension and are capable of wetting most surfaces.

End-user Insights

The Do-it-yourself (DIY) concept dominated the end-use segment in silicone in the car care products market and accounted for the largest revenue share of more than 50.0% in 2020. Rising expenditure on vehicle Maintenance & Repair (M&R) across the globe has introduced the vehicle owing population to the concept of Do-it-yourself (DIY). Moreover, the COVID-19 pandemic resulted in the closing of automotive care centers and reduced discretionary spending due to decreased disposable income. This has propelled consumers to adopt a conservative approach, resulting in consumers shifting towards the do-it-yourself concept and is anticipated to drive the market for silicone in car care products for car exterior and interior surface maintenance.

In recent years, the demand for silicone-based car care products has witnessed growth from professional vehicle repair service providers. Luxury vehicles require specific expertise and products suitable to maintain the surface paints and vehicle's aesthetic appearance. The wearing of paints leads to high maintenance costs for the vehicles, which require it to be handled by professional car care centers. The high maintenance cost associated with luxury vehicles is expected to propel the market for silicone in car care products.

Application Insights

The paints preservatives segment dominated the application segment and accounted for the largest revenue share of more than 25.0% in 2020. Silicones used as paint preservatives extend the lifespan of the coatings used in automobiles and prevent the formation of bubbles on surfaces. Silicone additives are used for providing unique properties to coatings, including mar resistance, improved slip, and foam control. Also, the low surface tension exhibited by silicone additives makes them very effective when added in small amounts to paints.

Silicones are primarily used in spray wax to enhance or modify a specific characteristic of another ingredient. Silicones create water-in-oil emulsions, reduce emulsion particle size, stabilize emulsions, and improve the spreading and coverage of wax products. Most modern silicone formulas are water-soluble and are entirely inert.   Silicone-based spray wax helps protect against wear and tear caused by everyday elements like pollution, sun, rain, pollution, weather, and bird droppings, which damage the car's surface.

Vehicle tires are always in contact with the different terrains and suffer from dirt, water, road tar, oxygen, and ultraviolet radiation ozone. Silicone in tire dressings gives tires a new shiny look and helps prevent hardening, fading, cracking, fading, and cracking of tires. Due to the properties mentioned above, silicone is used as an active ingredient in both water-based and solvent-based tire dressing fluids. The trend of lightweight, energy-efficient vehicles is anticipated to create opportunities in tires development to reduce the drag and increase the life expectancy of vehicle tires, which is expected to fuel the silicone in the car care products market.

Region Insights

Asia Pacific dominated the silicone in car care products market and accounted for the overall revenue share of more than 40.0% in 2020. The Asia Pacific is one of the largest consumers and manufacturers of vehicles and, thus, is a significant contributor to the silicone in the car care products market globally. The presence of prominent vehicle manufacturers in the region backed with resource availability and a skilled workforce is anticipated to increase its penetration over the forecast period.

The rising trends of restoration of vintage cars in North America and Europe and regular periodic maintenance of the new ones are likely to positively impact the silicone in the car care products market in the region. Moreover, the establishment of car care units across the region and rising demand for high-end polishing and cleaning products are expected to influence the market positively. Also, the increasing demand for electric vehicles on account of rising environmental concerns is expected to further contribute to the growth of the automobile industry, which is likely to drive the demand for specialty car care products in the electric vehicle segment shortly.

The abundant and easy availability of oil reserves coupled with rising disposable income and standard of living in some countries of the Middle East region such as Kuwait, United Arab Emirates, Qatar, and Saudi Arabia has grown the market for the premium vehicles segment. The growth of the premium vehicles segment in the Middle East is anticipated to grow the silicone in the car care products market.

Key Companies & Market Share Insights

Established players such as 3M are collaborating with car care product manufacturers to develop new products and strengthen their market position. For instance, in May 2019, Castrol India Limited along with 3M announced a strategic collaboration to bring a range of market-leading vehicle care products to the automotive after-market which would include 3M-Castrol branded bike and car care products such as glass cleaner, shampoo, tire dressers, and cream wax. Some of the prominent players in the silicone in car care products market include:

• 3M

• CHT Group, Ltd

• Evonik Industries AG

• Dow

• Momentive Performance Materials Inc.

• Henkel AG & Co. KGaA

• Sonax GmbH

• Wacker Chemie AG

• Shin-Etsu Chemical Co., Ltd.

• Armor All

• MA-FRA S.p.A.

• LIQUI MOLY GmbH

Silicone In Car Care Products Market Report Scope

Segments Covered in the Report

This report forecasts revenue and volume growth at the global, regional, and country-level and provides an analysis of the latest industry trends in each of the sub-segments from 2017 to 2028. For this study, Grand View Research has segmented the global silicone in car care products market report based on product, application, end use, and region:

• Product Outlook (Volume, Tons; Revenue, USD Million, 2017 - 2028)

  • Silicone

  • Specialty Silicones

• Application Outlook (Volume, Tons; Revenue, USD Million, 2017 - 2028)

  • Paint Preservatives

  • Polishes

  • Spray Wax

  • Leather & Vinyl Care

  • Tire Care Products

  • Plastic Care

  • Others

• End-user Outlook (Volume, Tons; Revenue, USD Million, 2017 - 2028)

  • DIY

  • Professional/Commercial

• Regional Outlook (Volume, Tons; Revenue, USD Million, 2017 - 2028)

  • North America

    • U.S.

    • Canada

    • Mexico

  • Europe

    • Germany

    • U.K.

    • France

    • Italy

    • Spain

  • Asia Pacific

    • China

    • Japan

    • India

    • South Korea

  • Central & South America

    • Brazil

    • Argentina

  • Middle East & Africa

    • Saudi Arabia

    • United Arab Emirates