Global Automotive Silicones Market is expected to reach USD 5.84 billion by 2025, according to a new report by Grand View Research, Inc. The growing awareness about lightweight materials used in automotive production is expected to drive the demand for silicones.
Automotive silicones are being used in a host of applications on account of their favorable properties such as resistance to corrosion, chemicals, heat and ultraviolet rays. Their ability to reduce the overall weight of the vehicle by the application in specific parts of the vehicle is expected to drive their market growth over the forecast period.
The industry is dominated by Asia Pacific due to the presence of a large number of automotive parts manufacturers and production facilities of silicone in countries such as China, Japan and India. Major automobile manufacturers such as Toyota, General Motors and Volkswagen are outsourcing their spare parts manufacturing operations to Asia Pacific on account of the low price of silicones.
Access for full Detail of Report and Complete TOC: http://www.grandviewresearch.com/industry-analysis/automotive-silicone-market
Further key findings from the report suggest:
View Blog on Automotive Silicones Market by Grand View Research: http://www.grandviewresearch.com/blog/automotive-silicones-market-size-trends
Grand View Research has segmented the global automotive silicones market on the basis of product, application, and region:
Product Outlook (Volume, Kilo Tons; Revenue, USD Million, 2014 – 2025)
Application Outlook (Volume, Kilo Tons; Revenue, USD Million, 2014 – 2025)
Regional Outlook (Volume, Kilo Tons; Revenue, USD Million, 2014 – 2025)
About Grand View Research
Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.
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