North America Automotive Silicone Market Outlook

in the north american automotive silicone market, the product landscape is highly segmented by application and end-use industry. it is estimated that the automotive industry holds more than 50% of the total market share. this is due to the ever-increasing demand for lightweight and fuel-efficient vehicles, in order to cut down on production costs and meet the need for emissions regulations. silicone rubber products play an important role in automotive components. primarily used as adhesives, sealants, lubricants, and insulation, these products provide improved performances over other elastomers. their prominent characteristics of chemical stability, heat resistance, high flexibility, availability in different colors have added to the demand for their use in the automotive sector. the two major silicone-based materials that are utilized in the automotive industry include thermoplastic elastomers and thermosetting elastomers. thermoplastic elastomers are used as coatings and sealants in components such as doors, cabins, and windows. on the other hand, thermosetting elastomers are utilized in the production of tire molds, engine mounts, and gaskets. the increasing importance of energy efficiency and fuel economy, is driving the demand for silicone rubber components. moreover, the elevating growth of the automotive sector and the rising demand for electric vehicles are further adding to the need for automotive silicone products. in terms of the regional outlook, the united states currently holds the major market share. this is owing to the presence of a large number of automotive manufacturers in the country. canada is another major contributor to the market growth, owing to its presence of a number of automotive spare parts and equipment suppliers. over the forecast period from 2018 to 2032, the north american automotive silicone market is expected to show a steady growth. advancements in manufacturing technologies and the growing demand for emission-reducing products are likely to further fuel the market growth. moreover, the increasing demand for high-performance transportation and automotive components is also anticipated to boost the market growth.