Summary

Global Silicone in Car Care Products Market is expected to grow at a significant rate of around 3% during the forecast period. Silicone is defined as a colorless oil or rubber-like substance. Silicone is a commonly used ingredient in car care products, particularly in products used to clean and protect the exterior and interior surfaces of a car. Silicone is a synthetic polymer that is known for its water-repellent, non-stick, and heat-resistant properties. These characteristics make silicone a useful ingredient in car care products, as it can help to provide a protective barrier against water, dirt, and other environmental contaminants, while also making surfaces easier to clean and maintain. In addition, many major players are working on launching advanced-featured silicone products in the market. For instance, in May 2022, Dow launched the new mouldable optical silicone for adaptive driving beam (ADB) light guides in cars. Factors such as increasing automotive sales coupled with growing awareness regarding the appearance and maintenance of the vehicle are growing the demand for the product in the market. Major companies in the market are expanding their businesses of silicone in car care products for better automotive applications. For instance, in Nov 2019, Rain-X Expanded its Premium Silicone Wiper Blade Portfolio with the Launch of Rain-X Silicone Endura to defend itself from the damage caused by the ozone, UV rays, wet weather, extreme temperatures, and normal driving wear and tear.

3M; CHT Germany GmbH; Evonik Industries AG; Dow; Momentive; Henkel AG & Co. KGaA; SONAX GmbH; Wacker Chemie AG; Shin-Etsu Chemical Co., Ltd.; Armor All. are some of the key players in the market. Several M&As along with partnerships have been undertaken by these players to facilitate customers with hi-tech and innovative products/technologies.

Insights Presented in the Report
“Amongst product form, the silicone category is expected to grow with a robust CAGR during the forecast period”
Based on product form, the market is bifurcated into silicone and specialty silicones. The silicone category is expected to grow with a robust CAGR during the forecast period. This is mainly because silicone is used in interior parts such as gaskets, hoses, connector seals, fuel system valves, diaphragms, and dashboards because they are more exposed to regular wear and tear. Moreover, silicones are utilized in the formulation of polishes, waxes, and protectants to change a certain property of the constituents. They are recognized for their exceptional oxidative stability, weathering resilience, and low-temperature flexibility. Additionally, these polymers have low surface tension and can moisten most surfaces due to which silicone is highly preferred in the market. Thus, due to these factors silicone demand is growing across the globe.

“Amongst application, the spray wax is expected to grow with a considerable CAGR during the forecast period”
On the basis of application, the market is categorized into paint preservatives, polishes, spray wax, leather & vinyl care, tire care products, plastic care, and others. Among these, the spray wax is expected to grow with a considerable CAGR during the forecast period. This is owing to the properties of spray wax in improving or changing a particular property of another substance. As, spray wax with a silicone basis helps shield the surface of the car against damage brought on by normal environmental factors such as pollution, sun, rain, pollutants, weather, and bird droppings. Thus, increasing the demand for spray wax in the automotive industry is further accelerating the growth of the market.

“North America is anticipated to grow at a substantial CAGR during the forecast period”
North America is anticipated to grow at a substantial CAGR during the forecast period. This is mainly due to the large and diverse, with a wide range of products available for cleaning, polishing, and protecting different surfaces of a car within the region. The presence of car care product manufacturers and their establishments for vehicle care centers within the region is anticipated to boost market expansion. Additionally, silicone products offer a range of benefits such as protection, shine, and durability for cars. That leads to customer awareness of the advantages of silicone in car care products, leading to increased consumption of the silicone in car care products market in the region.

Reasons to buy this report:
• The study includes market sizing and forecasting analysis validated by authenticated key industry experts.
• The report presents a quick review of overall industry performance at one glance.
• The report covers an in-depth analysis of prominent industry peers with a primary focus on key business financials, product portfolio, expansion strategies, and recent developments.
• Detailed examination of drivers, restraints, key trends, and opportunities prevailing in the industry.
• The study comprehensively covers the market across different segments.
• Deep dive regional level analysis of the industry.

Customization Options:
The global silicone in car care products market can further be customized as per the requirement or any other market segment. Besides this, UMI understands that you may have your own business needs, hence feel free to connect with us to get a report that completely suits your requirements.

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