Silicone In Electric Vehicles Market Size, Share & Trends Report

Silicone In Electric Vehicles Market Size, Share & Trends Analysis By Product (Elastomers, Fluids, Resins), By Charging Type (PHEV, BEV), By Vehicle Type (LMV, CMV), By Region And Segment Forecasts, 2024 - 2030

Report ID: GVR-2-68038-605-9
Number of Pages: 80
Format: Electronic (PDF)

Historical Range: 2018 - 2022
Industry: Bulk Chemicals

Market Segmentation

Silicone in Electric Vehicles Product Outlook (Volume, Kilotons; Revenue, USD Million, 2018 - 2030)
- Elastomers
- Fluids
- Resins
- Others
Silicone in Electric Vehicles Charging Type Outlook (Volume, Kilotons; Revenue, USD Million, 2018 - 2030)
- Plugin Hybrid Electric Vehicle (PHEV)
- Battery Electric Vehicle (BEV)
Silicone in Electric Vehicles Type Outlook (Volume, Kilotons; Revenue, USD Million, 2018 - 2030)
- Light Motor Vehicle
- Commercial Motor Vehicle
Silicone in Electric Vehicles Regional Outlook (Volume, Kilotons; Revenue, USD Million, 2018 - 2030)
- North America
  - North America Silicone in Electric Vehicles Market by Product
    - Elastomers
    - Fluids
    - Resins
    - Others
  - North America Silicone in Electric Vehicles Market by Charging Type
    - Plugin Hybrid Electric Vehicle (PHEV)
    - Battery Electric Vehicle (BEV)
  - North America Silicone in Electric Vehicles Market by Vehicle type
    - Light Motor Vehicle
    - Commercial Motor Vehicle
  - U.S.
    - U.S. Silicone in Electric Vehicles Market by Product
      - Elastomers
      - Fluids
      - Resins
      - Others
    - U.S. Silicone in Electric Vehicles Market by Charging Type
      - Plugin Hybrid Electric Vehicle (PHEV)
      - Battery Electric Vehicle (BEV)
    - U.S. Silicone in Electric Vehicles Market by Vehicle type
      - Light Motor Vehicle
      - Commercial Motor Vehicle
  - Canada
    - Canada Silicone in Electric Vehicles Market by Product
      - Elastomers
      - Fluids
      - Resins
      - Others
    - Canada Silicone in Electric Vehicles Market by Charging Type
      - Plugin Hybrid Electric Vehicle (PHEV)
      - Battery Electric Vehicle (BEV)
    - Canada Silicone in Electric Vehicles Market by Vehicle type
      - Light Motor Vehicle
      - Commercial Motor Vehicle
  - Mexico
    - Mexico Silicone in Electric Vehicles Market by Product
      - Elastomers
      - Fluids
      - Resins
      - Others
    - Mexico Silicone in Electric Vehicles Market by Charging Type
      - Plugin Hybrid Electric Vehicle (PHEV)
      - Battery Electric Vehicle (BEV)
    - Mexico Silicone in Electric Vehicles Market by Vehicle type
      - Light Motor Vehicle
      - Commercial Motor Vehicle
- Europe
  - Europe Silicone in Electric Vehicles Market by Product
    - Elastomers
    - Fluids
    - Resins
    - Others
  - Europe Silicone in Electric Vehicles Market by Charging Type
    - Plugin Hybrid Electric Vehicle (PHEV)
    - Battery Electric Vehicle (BEV)
  - Europe Silicone in Electric Vehicles Market by Vehicle type
    - Light Motor Vehicle
    - Commercial Motor Vehicle
  - Germany
    - Germany Silicone in Electric Vehicles Market by Product
      - Elastomers
      - Fluids
      - Resins
      - Others
    - Germany Silicone in Electric Vehicles Market by Charging Type
      - Plugin Hybrid Electric Vehicle (PHEV)
      - Battery Electric Vehicle (BEV)
    - Germany Silicone in Electric Vehicles Market by Vehicle type
      - Light Motor Vehicle
      - Commercial Motor Vehicle
  - France
    - France Silicone in Electric Vehicles Market by Product
      - Elastomers
      - Fluids
      - Resins
      - Others
    - France Silicone in Electric Vehicles Market by Charging Type
      - Plugin Hybrid Electric Vehicle (PHEV)
      - Battery Electric Vehicle (BEV)
    - France Silicone in Electric Vehicles Market by Vehicle type
      - Light Motor Vehicle
      - Commercial Motor Vehicle
  - U.K.
    - U.K. Silicone in Electric Vehicles Market by Product
      - Elastomers
      - Fluids
      - Resins
      - Others
    - U.K. Silicone in Electric Vehicles Market by Charging Type
      - Plugin Hybrid Electric Vehicle (PHEV)
      - Battery Electric Vehicle (BEV)
    - U.K. Silicone in Electric Vehicles Market by Vehicle type
      - Light Motor Vehicle
      - Commercial Motor Vehicle
  - Italy
    - Italy Silicone in Electric Vehicles Market by Product
      - Elastomers
      - Fluids
      - Resins
      - Others
    - Italy Silicone in Electric Vehicles Market by Charging Type
      - Plugin Hybrid Electric Vehicle (PHEV)
      - Battery Electric Vehicle (BEV)
    - Italy Silicone in Electric Vehicles Market by Vehicle type
      - Light Motor Vehicle
      - Commercial Motor Vehicle
  - Spain
    - Spain Silicone in Electric Vehicles Market by Product
      - Elastomers
      - Fluids
      - Resins
      - Others
    - Spain Silicone in Electric Vehicles Market by Charging Type
      - Plugin Hybrid Electric Vehicle (PHEV)
      - Battery Electric Vehicle (BEV)
    - Spain Silicone in Electric Vehicles Market by Vehicle type
      - Light Motor Vehicle
      - Commercial Motor Vehicle
  - Norway
    - Norway Silicone in Electric Vehicles Market by Product
      - Elastomers
      - Fluids
      - Resins
      - Others
    - Norway Silicone in Electric Vehicles Market by Charging Type
      - Plugin Hybrid Electric Vehicle (PHEV)
      - Battery Electric Vehicle (BEV)
    - Norway Silicone in Electric Vehicles Market by Vehicle type
      - Light Motor Vehicle
      - Commercial Motor Vehicle
  - Netherlands
    - Netherlands Silicone in Electric Vehicles Market by Product
      - Elastomers
      - Fluids
      - Resins
      - Others
    - Netherlands Silicone in Electric Vehicles Market by Charging Type
      - Plugin Hybrid Electric Vehicle (PHEV)
      - Battery Electric Vehicle (BEV)
    - Netherlands Silicone in Electric Vehicles Market by Vehicle type
      - Light Motor Vehicle
      - Commercial Motor Vehicle
- Asia Pacific
  - Asia Pacific Silicone in Electric Vehicles Market by Product
    - Elastomers
    - Fluids
    - Resins
    - Others
  - Asia Pacific Silicone in Electric Vehicles Market by Charging Type
    - Plugin Hybrid Electric Vehicle (PHEV)
    - Battery Electric Vehicle (BEV)
  - Asia Pacific Silicone in Electric Vehicles Market by Vehicle type
    - Light Motor Vehicle
    - Commercial Motor Vehicle
  - China
    - China Silicone in Electric Vehicles Market by Product
      - Elastomers
      - Fluids
      - Resins
      - Others
    - China Silicone in Electric Vehicles Market by Charging Type
      - Plugin Hybrid Electric Vehicle (PHEV)
      - Battery Electric Vehicle (BEV)
    - China Silicone in Electric Vehicles Market by Vehicle type
      - Light Motor Vehicle
      - Commercial Motor Vehicle
  - India
    - India Silicone in Electric Vehicles Market by Product
      - Elastomers
      - Fluids
      - Resins
      - Others
    - India Silicone in Electric Vehicles Market by Charging Type
      - Plugin Hybrid Electric Vehicle (PHEV)
      - Battery Electric Vehicle (BEV)
    - India Silicone in Electric Vehicles Market by Vehicle type
      - Light Motor Vehicle
      - Commercial Motor Vehicle
  - Japan
    - Japan Silicone in Electric Vehicles Market by Product
      - Elastomers
      - Fluids
      - Resins
      - Others
    - Japan Silicone in Electric Vehicles Market by Charging Type
      - Plugin Hybrid Electric Vehicle (PHEV)
      - Battery Electric Vehicle (BEV)
    - Japan Silicone in Electric Vehicles Market by Vehicle type
      - Light Motor Vehicle
      - Commercial Motor Vehicle
  - India
    - India Silicone in Electric Vehicles Market by Product
      - Elastomers
      - Fluids
      - Resins
      - Others
    - India Silicone in Electric Vehicles Market by Charging Type
      - Plugin Hybrid Electric Vehicle (PHEV)
      - Battery Electric Vehicle (BEV)
    - India Silicone in Electric Vehicles Market by Vehicle type
      - Light Motor Vehicle
      - Commercial Motor Vehicle
  - Japan
    - Japan Silicone in Electric Vehicles Market by Product
      - Elastomers
      - Fluids
      - Resins
      - Others
    - Japan Silicone in Electric Vehicles Market by Charging Type
      - Plugin Hybrid Electric Vehicle (PHEV)
      - Battery Electric Vehicle (BEV)
    - Japan Silicone in Electric Vehicles Market by Vehicle type
      - Light Motor Vehicle
      - Commercial Motor Vehicle
  - Australia
    - Australia Silicone in Electric Vehicles Market by Product
      - Elastomers
      - Fluids
      - Resins
      - Others
    - Australia Silicone in Electric Vehicles Market by Charging Type
      - Plugin Hybrid Electric Vehicle (PHEV)
      - Battery Electric Vehicle (BEV)
    - Australia Silicone in Electric Vehicles Market by Vehicle type
      - Light Motor Vehicle
      - Commercial Motor Vehicle
  - Thailand
    - Thailand Silicone in Electric Vehicles Market by Product
      - Elastomers
      - Fluids
      - Resins
      - Others
    - Thailand Silicone in Electric Vehicles Market by Charging Type
      - Plugin Hybrid Electric Vehicle (PHEV)
      - Battery Electric Vehicle (BEV)
    - Thailand Silicone in Electric Vehicles Market by Vehicle type
      - Light Motor Vehicle
      - Commercial Motor Vehicle
  - South Korea
    - South Korea Silicone in Electric Vehicles Market by Product
      - Elastomers
      - Fluids
      - Resins
      - Others
    - South Korea Silicone in Electric Vehicles Market by Charging Type
      - Plugin Hybrid Electric Vehicle (PHEV)
      - Battery Electric Vehicle (BEV)
    - South Korea Silicone in Electric Vehicles Market by Vehicle type
      - Light Motor Vehicle
      - Commercial Motor Vehicle
  - Indonesia
    - Indonesia Silicone in Electric Vehicles Market by Product
      - Elastomers
      - Fluids
      - Resins
      - Others
    - Indonesia Silicone in Electric Vehicles Market by Charging Type
      - Plugin Hybrid Electric Vehicle (PHEV)
      - Battery Electric Vehicle (BEV)
    - Indonesia Silicone in Electric Vehicles Market by Vehicle type
      - Light Motor Vehicle
      - Commercial Motor Vehicle
  - Malaysia
    - Malaysia Silicone in Electric Vehicles Market by Product
      - Elastomers
      - Fluids
      - Resins
      - Others
    - Malaysia Silicone in Electric Vehicles Market by Charging Type
      - Plugin Hybrid Electric Vehicle (PHEV)
      - Battery Electric Vehicle (BEV)
    - Malaysia Silicone in Electric Vehicles Market by Vehicle type
      - Light Motor Vehicle
      - Commercial Motor Vehicle
- Central & South America
  - Central & South America Silicone in Electric Vehicles Market by Product
    - Elastomers
    - Fluids
    - Resins
    - Others
  - Central & South America Silicone in Electric Vehicles Market by Charging Type
    - Plugin Hybrid Electric Vehicle (PHEV)
    - Battery Electric Vehicle (BEV)
  - Central & South America Silicone in Electric Vehicles Market by Vehicle type
    - Light Motor Vehicle
    - Commercial Motor Vehicle
  - Brazil
    - Brazil Silicone in Electric Vehicles Market by Product
      - Elastomers
      - Fluids
      - Resins
      - Others
    - Brazil Silicone in Electric Vehicles Market by Charging Type
      - Plugin Hybrid Electric Vehicle (PHEV)
      - Battery Electric Vehicle (BEV)
    - Brazil Silicone in Electric Vehicles Market by Vehicle type
      - Light Motor Vehicle
      - Commercial Motor Vehicle
  - Argentina
    - Argentina Silicone in Electric Vehicles Market by Product
      - Elastomers
      - Fluids
      - Resins
      - Others
    - Argentina Silicone in Electric Vehicles Market by Charging Type
      - Plugin Hybrid Electric Vehicle (PHEV)
      - Battery Electric Vehicle (BEV)
    - Argentina Silicone in Electric Vehicles Market by Vehicle type
      - Light Motor Vehicle
      - Commercial Motor Vehicle
- Middle East & Africa
  - Middle East & Africa Silicone in Electric Vehicles Market by Product
    - Elastomers
    - Fluids
    - Resins
    - Others
  - Middle East & Africa Silicone in Electric Vehicles Market by Charging Type
    - Plugin Hybrid Electric Vehicle (PHEV)
    - Battery Electric Vehicle (BEV)
  - Middle East & Africa Silicone in Electric Vehicles Market by Vehicle type
    - Light Motor Vehicle
    - Commercial Motor Vehicle
  - Saudi Arabia
    - Saudi Arabia Silicone in Electric Vehicles Market by Product
      - Elastomers
      - Fluids
      - Resins
      - Others
    - Saudi Arabia Silicone in Electric Vehicles Market by Charging Type
      - Plugin Hybrid Electric Vehicle (PHEV)
      - Battery Electric Vehicle (BEV)
    - Saudi Arabia Silicone in Electric Vehicles Market by Vehicle type
      - Light Motor Vehicle
      - Commercial Motor Vehicle
  - South Africa
    - South Africa Silicone in Electric Vehicles Market by Product
      - Elastomers
      - Fluids
      - Resins
      - Others
    - South Africa Silicone in Electric Vehicles Market by Charging Type
      - Plugin Hybrid Electric Vehicle (PHEV)
      - Battery Electric Vehicle (BEV)
    - South Africa Silicone in Electric Vehicles Market by Vehicle type
      - Light Motor Vehicle
      - Commercial Motor Vehicle
  - UAE
    - UAE Silicone in Electric Vehicles Market by Product
      - Elastomers
      - Fluids
      - Resins
      - Others
    - UAE Silicone in Electric Vehicles Market by Charging Type
      - Plugin Hybrid Electric Vehicle (PHEV)
      - Battery Electric Vehicle (BEV)
    - UAE Silicone in Electric Vehicles Market by Vehicle type
      - Light Motor Vehicle
      - Commercial Motor Vehicle

Silicone In Electric Vehicles Market Dynamics

Driver: Superior properties triggering silicone usage in electric vehicles

Silicone exhibits properties such as superior electrical insulation, thermal conductivity, chemical stability, flame retardancy, heat resistance, radiation resistance, moisture resistance, chemical resistance, and resistance to environmental factors such as humidity 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 150°C and a lower temperature limit of up to -40°C. The temperature resistance property exhibited by silicone widens its application scope in electric vehicles. The thermal conductivity of silicone enables lowering the operating temperature, thus enhancing and extending the battery life in electric vehicles. Thermal properties offered by silicone also proves useful for PCB component systems of electric vehicles. The types of thermally conductive silicone materials include:

Thermally conductive silicone adhesives
Noncuring thermally conductive silicone compounds
Thermally conducting silicone gels and encapsulates

Driver: Growth in number of electric vehicles due to increasing environmental concerns

The expanding middle-class population and rising interest of companies in exploring emerging markets are the key factors driving the growth of automobile industry globally. The increasing spending capability coupled with the consumer’s desire to own a vehicle is expected to create immense growth opportunities for the automobile industry, thereby fueling the demand for automobiles over the forecast period. This is also anticipated to boost the demand for electric vehicles as they are a pollution-free transportation alternative. The climate change regulations to curb pollution are likely to have a positive impact on the environment and purchasing behavior of consumers. Transportation industry is in the need of a paradigm shift from fossil fuel energy to electric energy. This change is expected to be supported by the reformed government regulations, rising concerns regarding air pollution, social perspective about pollution control, and technological advancements in the electric vehicle industry. Asia Pacific is leading the electric vehicle industry as of now on account of the increasing demand for EVs from the emerging economies such as China, India, and others. This has resulted in the favorable growth of the electric vehicles market in Asia Pacific.

The increasing utilization of electric vehicles is expected to reduce greenhouse gas emissions and improve the air quality. The source of electricity used to charge the electric vehicles is anticipated to be a crucial factor in determining the air quality and evaluating the climatic impacts over the forecast period. Thus, the increasing number of electric vehicles is projected to lower the environmental impact. Government support across different geographies is expected to drive the demand for electric vehicles, thereby gaining market share over the forecast period.

Restraint: Threat of substitutes

Organic rubber substitutes are likely to pose a threat to the demand for silicone, which is likely to challenge the consumption of silicone in electric vehicles. Ethylene Propylene Diene Monomer (EPDM) rubber chloroprene rubber, and natural rubber are some of the key rubber polymers used in various automotive applications such as sealing and gasketing. Their ability to provide resistance to corrosion, harmful chemicals, and wear, as well as offer durability at comparatively lower costs in comparison to silicone can pose a threat to the growth of silicone over the coming years.

The penetration of rubber components in the electric vehicle industry has increased considerably over the past few years owing to their lightweight, robust performance, high resistance to corrosion, and efficiency. Besides, rubber also offers durability, improved vehicle economy, and helps in extending the life of electric vehicles. This has driven the use of rubber in electric vehicles, especially in passenger transportation and commercial transportation. The availability of slightly lower cost alternatives to silicone pose a challenge to the market growth. The manufacturers of electric vehicles are incorporating advanced technologies to lower the purchasing cost of electric vehicles and increase the life expectancy of battery. This is anticipated to hamper the growth of silicone in electric vehicle industry on account of its high cost. These rubber and other composite substitutes may limit the consumption of silicone in electric vehicle industry to a certain extent over the forecast period.

What Does This Report Include?

This section will provide insights into the contents included in this silicone in electric vehicles market report and help gain clarity on the structure of the report to assist readers in navigating smoothly.

Silicone in electric vehicles market qualitative analysis

Industry overview
Industry trends
Market drivers and restraints
Market size
Growth prospects
Porter’s analysis
PESTEL analysis
Key market opportunities prioritized
Competitive landscape
- Company overview
- Financial performance
- Product benchmarking
- Latest strategic developments

Silicone in electric vehicles market quantitative analysis

Market size, estimates, and forecast from 2018 to 2030
Market estimates and forecast for product segments up to 2030
Regional market size and forecast for product segments up to 2030
Market estimates and forecast for application segments up to 2030
Regional market size and forecast for application segments up to 2030
Company financial performance

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