Global Silicone in Electric Vehicles (Elastomers, Fluids, Resins) Market Size, Share & Trends Analysis Report, 2018 - 2025 - ResearchAndMarkets.com
DUBLIN--(BUSINESS WIRE)--Nov 19, 2018--The “Silicone in Electric Vehicles Market Size, Share & Trends Analysis Report By Product (Elastomers, Fluids, Resins), By Region (North America, Europe, APAC, CSA, MEA), and Segment Forecasts, 2018 - 2025” report has been added to ResearchAndMarkets.com’s offering.
The global silicone in electric vehicles (EVs) market size is poised to reach USD 1.80 billion by 2025, experiencing a CAGR of 8.1% during the forecast period.
Silicone exhibits properties such as superior electrical insulation, thermal conductivity, chemical stability, flame retardancy, and resistance to heat, radiation, moisture, chemical, and light.
Silicone offers better temperature resistance at both high and low temperatures in comparison to other rubbers. It can withstand a higher temperature limit of up to 150C and a lower temperature limit of up to -40C. The temperature resistance property exhibited by silicone widens its application scope in electric vehicles. These useful properties of silicone are likely to fuel its demand in different forms for use in electric vehicles over the coming years. However, organic rubber substitutes are projected to pose a threat to the demand for silicone, which may challenge the consumption of the products in electric vehicle.
Climate change regulations to curb pollution are expected to have a positive impact on the environment and purchasing behavior of consumers. The transportation industry is in need of a paradigm shift from fossil fuel energy to electric energy. This change is estimated to be supported by reformed government regulations, rising concerns regarding air pollution, social perspective about pollution control, and technological advancements in the electric vehicle industry.
Currently, Asia Pacific is leading the EV industry on account of increasing demand for EVs from emerging economies such as China, India, and others. This is anticipated to render Asia Pacific a promising destination for silicone products in EV.
Further key findings from the report suggest:North America silicone elastomers in electric vehicles (EV) market was valued at USD 128.47 million in 2017. Federal government initiative launched in last quarter of 2017 under the Internal Revenue Service (IRS) to allow tax rebate in the range of USD 2,500 to USD 7,500 per new EV procured for use in the U.S. is poised to boost the demand for electric vehicles China is one of the largest markets for silicone in electric vehicles in Asia Pacific. It was valued at USD 261.07 million in 2017. Rapid urbanization is playing a vital role in the growth of the market in the country Large number of market players with global presence, including Wacker Chemie AG, Elkem Silicones, H.B. Fuller Company, KCC Corporation, and Shin-Etsu Chemical Co., Ltd is likely to trigger competition in the future.
Key Topics Covered:
Chapter 1 Methodology and Scope
Chapter 2 Executive Summary
Chapter 3 Silicone in Electric Vehicles: Market Variables, Trends and Scope
3.1 Silicone in electric vehicles - Market segmentation
3.2 Penetration & growth prospect mapping
3.3 Silicone in electric vehicles market value chain analysis
3.4 Raw material outlook
3.5 Regulatory framework
3.5.1 Existing regulations and directives on electric vehicles
3.5.2 International industry standards
3.6 Silicone in electric vehicles market dynamics
3.7 Market trends & outlook
3.7.1 Market driver analysis
3.7.2 Market restraints analysis
3.8 Silicone in electric vehicles market Porter’s analysis
3.9 Silicone in electric vehicles market PESTEL analysis
Chapter 4 Silicone in Electric Vehicles: Type Estimates & Trend Analysis
4.1 Silicone in electric vehicles market: Type movement analysis, 2017 & 2025
Chapter 5 Silicone in Electric Vehicles: Regional Estimates & Trend Analysis
5.1 Global Silicone in Electric Vehicles market revenue share, by region, 2017 & 2025
Chapter 6 Competitive Landscape
6.1 Vendor landscape
6.2 Competitive environment
6.3 Company market positioning
6.4 Strategy Framework
Chapter 7 Silicone in Electric Vehicles Market: Company ProfilesWacker Chemie AG Elkem Silicones The Dow Chemical Company (Formerly Dow Corning) H.B. Fuller Company Nexeon Limited ACC Silicones Ltd. KCC Corporation Rogers Corporation LORD Corporation Shin-Etsu Chemical Co., Ltd.
For more information about this report visit https://www.researchandmarkets.com/research/39n9qh/global_silicone?w=4
View source version on businesswire.com:https://www.businesswire.com/news/home/20181119005358/en/
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Related Topics:Electric and Hybrid Vehicles,Silicones
INDUSTRY KEYWORD: MANUFACTURING CHEMICALS/PLASTICS ALTERNATIVE VEHICLES/FUELS AUTOMOTIVE
SOURCE: Research and Markets
Copyright Business Wire 2018.
PUB: 11/19/2018 07:20 AM/DISC: 11/19/2018 07:20 AM