Automotive Silicone Market size is expected to reach USD 9.47 billion by 2025
Automotive Silicone Industry Overview The global automotive silicone market size is expected to reach USD 9.47 billion by 2025 growing at a CAGR of 6.4% over the forecast period, according to a new report by Grand View Research, Inc. Growing production of automobiles, especially lightweight vehicles, and stringent regulations pertaining to harmful emissions are the driving factors for the market. Silicones help reduce the overall vehicle weight, thus, possess vital importance in lightweight vehicles market. Factors, such as government regulations, high fuel consumption, increasing environmental concerns, and technological advancements are driving the lightweight vehicles market. Automotive Silicone Market Segmentation Grand View Research has segmented the global automotive silicone market on the basis of product, application, and region: Based on the Product Insights, the market is segmented into Rubber, Adhesives & Sealants , Coatings and Others. In terms o...