Europe Automotive Silicone Market Outlook (2018 to 2032)
The above chart is Europe Automotive Silicone Market Outlook (2018 to 2032)
the europe automotive silicone market is largely driven by innovation in automotive technology supporting new processes such as autonomous driving, connected vehicles and hybrid powertrains, which are expected to increase the demand for advanced silicone materials. the automotive silicone market is seen to be flourishing due to the increasing luxury and comfort requirements in the automobile markets across the region. the recent years have witnessed a strong growth in the automotive silicone market due to factors such as an increase in demand for lightweight vehicles, stringent emission laws, and ongoing innovations in the automotive industry. innovations in automotive technology such as connected vehicles, hybrid power trains and autonomous driving have enabled automakers to implement extensibility, empathy, and efficiency into their cars. with the development of vehicle connectivity, electric vehicle technology and autonomous driving, the demand for biaxially oriented polyetheramide and foam-infused gaskets are expected to grow. the asia-pacific region is expected to be the largest market for automotive silicone materials, mainly due to the presence of strong automobile manufacturers and the rising automobile demand in the region. in europe, the automotive silicone market has seen consistent growth owing to the presence of legacy automotive brands such as audi and volkswagen. moreover, the strong environmental protection policies enforced by the european union have also encouraged oems to introduce more fuel-efficient cars and hence, are expected to drive the regional demand for automotive silicones. on the other hand, automotive silicone is also a significant contributor in the european adhesives and sealants market, as automotive manufacturers extensively use silicones in automotive exteriors and interiors in order to manufacture lightweight parts. automotive silicones can be used to construct parts which serve as an alternative to traditional metal and plastic components and are used in door seals, window sections, and some shaped parts of the car. overall, the growing usage of advanced materials such as silicone in the european automotive industry is expected to make them fuel efficient and environment friendly. with the present trends of innovation, the automotive silicone market in europe is expected to remain robust over the forecast period of 2018-2032.