The global Silicone In Car Care Products market size is expected to be worth around US$ 300.5 million by 2030, according to a new report by Vision Research Reports.
The global Silicone In Car Care Products market size was valued at US$ 220.9 million in 2020 and is anticipated to grow at a CAGR of 5.2% during forecast period 2021 to 2030.
|Market Size||US$ 300.5 million by 2030|
|Growth Rate||CAGR of 5.2% From 2021 to 2030
|Forecast Period||2021 to 2030|
|Segments Covered||Product, Application, End use|
|Regional Scope||North America, Europe, Asia Pacific, Latin America, Middle East & Africa|
|Companies Mentioned||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|
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 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
By Product Analysis
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.
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.
By End-user Analysis
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).
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.
By Application Analysis
The paints preservatives segment dominated the application segment and accounted for the largest revenue share of more than 26.0% in 2020. Silicones used as paint preservatives extend the lifespan of the coatings used in automobiles and prevent the formation of bubbles on surfaces.
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.
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.
By Region Analysis
Asia Pacific dominated the silicone in car care products market and accounted for the overall revenue share of more than 41.0% 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 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.
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.
CHT Group, Ltd
Evonik Industries AG
Momentive Performance Materials Inc.
Henkel AG & Co. KGaA
Wacker Chemie AG
Shin-Etsu Chemical Co., Ltd.
LIQUI MOLY GmbH
Leather & Vinyl Care
Tire Care Products
Central & South America
Middle East & Africa
United Arab Emirates
The Silicone In Car Care Products market research report covers definition, classification, product classification, product application, development trend, product technology, competitive landscape, industrial chain structure, industry overview, national policy and planning analysis of the industry, the latest dynamic analysis, etc., and also includes major. The study includes drivers and restraints of the global market. It covers the impact of these drivers and restraints on the demand during the forecast period. The report also highlights opportunities in the market at the global level.
The report provides size (in terms of volume and value) of Silicone In Car Care Products market for the base year 2020 and the forecast between 2021 and 2030. Market numbers have been estimated based on form and application. Market size and forecast for each application segment have been provided for the global and regional market.
This report focuses on the global Silicone In Car Care Products market status, future forecast, growth opportunity, key market and key players. The study objectives are to present the Silicone In Car Care Products market development in United States, Europe and China.
It is pertinent to consider that in a volatile global economy, we haven’t just conducted Silicone In Car Care Products market forecasts in terms of CAGR, but also studied the market based on key parameters, including Year-on-Year (Y-o-Y) growth, to comprehend the certainty of the market and to find and present the lucrative opportunities in market.
In terms of production side, this report researches the Silicone In Car Care Products capacity, production, value, ex-factory price, growth rate, market share for major manufacturers, regions (or countries) and type.
In terms of consumption side, this report focuses on the consumption of Silicone In Car Care Products by regions (countries) and application.
Buyers of the report will have access to verified market figures, including global market size in terms of revenue and volume. As part of production analysis, the authors of the report have provided reliable estimations and calculations for global revenue and volume by Type segment of the global Silicone In Car Care Products market. These figures have been provided in terms of both revenue and volume for the period 2017 to 2030. Additionally, the report provides accurate figures for production by region in terms of revenue as well as volume for the same period. The report also includes production capacity statistics for the same period.
With regard to production bases and technologies, the research in this report covers the production time, base distribution, technical parameters, research and development trends, technology sources, and sources of raw materials of major Silicone In Car Care Products market companies.
Regarding the analysis of the industry chain, the research of this report covers the raw materials and equipment of Silicone In Car Care Products market upstream, downstream customers, marketing channels, industry development trends and investment strategy recommendations. The more specific analysis also includes the main application areas of market and consumption, major regions and Consumption, major Chinese producers, distributors, raw material suppliers, equipment providers and their contact information, industry chain relationship analysis.
The research in this report also includes product parameters, production process, cost structure, and data information classified by region, technology and application. Finally, the paper model new project SWOT analysis and investment feasibility study of the case model.
Overall, this is an in-depth research report specifically for the Silicone In Car Care Products industry. The research center uses an objective and fair way to conduct an in-depth analysis of the development trend of the industry, providing support and evidence for customer competition analysis, development planning, and investment decision-making. In the course of operation, the project has received support and assistance from technicians and marketing personnel in various links of the industry chain.
Silicone In Car Care Products market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to Silicone In Car Care Products market.
Prominent players in the market are predicted to face tough competition from the new entrants. However, some of the key players are targeting to acquire the startup companies in order to maintain their dominance in the global market. For a detailed analysis of key companies, their strengths, weaknesses, threats, and opportunities are measured in the report by using industry-standard tools such as the SWOT analysis. Regional coverage of key companies is covered in the report to measure their dominance. Key manufacturers of Silicone In Car Care Products market are focusing on introducing new products to meet the needs of the patrons. The feasibility of new products is also measured by using industry-standard tools.
Key companies are increasing their investments in research and development activities for the discovery of new products. There has also been a rise in the government funding for the introduction of new Silicone In Car Care Products market. These factors have benefited the growth of the global market for Silicone In Car Care Products. Going forward, key companies are predicted to benefit from the new product launches and the adoption of technological advancements. Technical advancements have benefited many industries and the global industry is not an exception.
New product launches and the expansion of already existing business are predicted to benefit the key players in maintaining their dominance in the global market for Silicone In Car Care Products. The global market is segmented on the basis of region, application, en-users and product type. Based on region, the market is divided into North America, Europe, Asia-Pacific, Latin America and Middle East and Africa (MEA).
In this study, the years considered to estimate the market size of Silicone In Car Care Products are as follows:
Reasons to Purchase this Report:
- Market segmentation analysis including qualitative and quantitative research incorporating the impact of economic and policy aspects
- Regional and country level analysis integrating the demand and supply forces that are influencing the growth of the market.
- Market value USD Million and volume Units Million data for each segment and sub-segment
- Competitive landscape involving the market share of major players, along with the new projects and strategies adopted by players in the past five years
- Comprehensive company profiles covering the product offerings, key financial information, recent developments, SWOT analysis, and strategies employed by the major market players
In-depth interviews and discussions were conducted with several key market participants and opinion leaders to compile the research report.
This research study involved the extensive usage of both primary and secondary data sources. The research process involved the study of various factors affecting the industry, including the government policy, market environment, competitive landscape, historical data, present trends in the market, technological innovation, upcoming technologies and the technical progress in related industry, and market risks, opportunities, market barriers and challenges. The following illustrative figure shows the market research methodology applied in this report.
The study objectives of this report are:
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