Automotive Silicone Market Report 2025

The automotive silicone market market size has grown strongly in recent years. It will grow from $7.47 billion in 2024 to $8.03 billion in 2025 at a compound annual growth rate (CAGR) of 7.5%. The growth in the historic period can be attributed to automotive manufacturing growth, stringent emission standards, rise in consumer demand for comfort, increased vehicle electrification, performance, and durability requirements.

The automotive silicone market market size is expected to see strong growth in the next few years. It will grow to $10.92 billion in 2029 at a compound annual growth rate (CAGR) of 8%. The growth in the forecast period can be attributed to the shift to electric and hybrid vehicles, advancements in lightweight, demand for advanced safety features, autonomous vehicle development, and environmental sustainability focus. Major trends in the forecast period include integration in advanced interiors and electronics, expansion of coatings for exterior applications, development of silicone-based tires, and emphasis on sustainable solutions.

The increasing demand for fuel-efficient vehicles is anticipated to drive the growth of the automotive silicone market in the coming years. Fuel-efficient vehicles are those that provide better mileage per gallon compared to less efficient models. Automotive silicones play a crucial role in reducing vehicle weight, which leads to lower emissions and improved fuel efficiency. For example, in July 2023, the International Energy Agency, a France-based autonomous intergovernmental organization, reported that over 2.3 million electric cars were sold in the first quarter of 2023, marking a 25% increase from the same period in 2022. By the end of 2023, total sales are projected to reach 14 million, indicating a 35% year-on-year increase, with growth expected to accelerate in the latter half of the year. Consequently, the rising demand for fuel-efficient vehicles is propelling the growth of the automotive silicone market.

The ascending trajectory of vehicle production is poised to propel the automotive silicone market. Vehicle manufacturing heavily relies on automotive silicones for sealing, bonding, and safeguarding electronic components due to their durability and heat resistance. Recent data from the Board of Governors of the Federal Reserve System in November 2023 highlighted a notable increase in total vehicle production in the United States, rising from 10.77 million units in June to 11.75 million units in July, underscoring the pivotal role of this market dynamic.

Innovation emerges as a significant trend fueling growth in the automotive silicone market. Companies within this industry are steadfastly developing advanced products to fortify their market positions. Notably, Dow's December 2022 launch of SILASTIC SA 994X Liquid silicone rubber (LSR) exemplifies this trend, offering a primer less, self-adhesive, one-to-one mix ratio LSR suitable for various automotive applications, showcasing a drive towards enhanced technological offerings.

Technological advancements in insulation covering materials represent a pivotal strategy adopted by major players within the automotive silicone market. These high-performance silicone-based solutions cater to electrical insulation and thermal management in automotive applications. For instance, the March 2023 development by Shin-Etsu Chemical Co. Ltd. of the KE-5641-U, specifically tailored for molding, serves as an exemplary insulation covering material for high-voltage cables in automobiles. Its superior insulation performance, coupled with enhanced cable flexibility and reduced weight due to thinner insulation layers, embodies the industry's pursuit of innovative solutions meeting stringent regulatory standards.

In May 2024, KCC Corporation, a chemical and auto parts manufacturer based in South Korea, acquired MPM Holdings Inc. for an undisclosed sum. This acquisition enhances KCC Corporation's global footprint in the silicone industry and broadens its product range in high-growth areas such as automotive, electronics, and construction. MPM Holdings Inc. is a US-based advanced materials company that specializes in silicone and other specialty products.

Major companies operating in the automotive silicone market market include Evonik Industries, Elkem Silicones, Shin-Etsu Chemical Co. Ltd., Momentive Inc., KCC Corporation, Henkel AG & Co. KGaA, Siltech Corporation, Primasil Silicones, ACC Silicones Ltd., CSL Silicone Inc., Rogers Corporation, NuSil Technology LLC, Bostik, Laur Silicone Inc., DOWSIL, CHT Group, Silicones Emerald Performance Materials, GELEST INC., Jiangsu Mingzhu Silicone Rubber Material Co. Ltd., Kaneka Corporation, DuPont de Nemours Inc., ARCOSILICONE.COM, Simtec Systems GmbH, Vanguard Products Corporation, BJB Enterprises Inc., Klinger IGI Inc., Polymershapes, Wacker Chemical Corp., Teknowate, Tempron Products Corp.

Asia-Pacific was the largest region in the automotive silicone market in 2024. The regions covered in the automotive silicone market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the automotive silicone market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

Automotive silicone comprises high-performance polymers predominantly composed of siloxane, aimed at facilitating assembly processes while ensuring safety and quality throughout a vehicle's lifecycle. Its application spans improvements in safety, reliability, and the drive toward lighter, more compact, and environmentally friendly automobiles.

The primary types of automotive silicone encompass elastomers, resins, gels, and fluids. Elastomers represent polymers possessing both viscosity and elasticity. These materials are available in various forms such as sealants, tapes, and epoxies, utilized across a wide range of automotive applications including interior and exterior components, engines, electrical systems, tires, and other integral parts of vehicles.

The automotive silicone market research report is one of a series of new reports that provides automotive silicone market statistics, including automotive silicone industry global market size, regional shares, competitors with an automotive silicone market share, detailed automotive silicone market segments, market trends and opportunities, and any further data you may need to thrive in the automotive silicone industry. This automotive silicone market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.

The automotive silicone market consists of sales of dimethyl silicone fluid, heat-resistant silicone fluids, carbinol-modified siloxanes, and silicone master pellets, and fluorosilicate. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

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