Silicone In Car Care Products Industry Overview
The global silicone in car care products market size is anticipated to reach USD 275.0 million by 2028, according to a new report by Grand View Research, Inc. The market is expected to expand at a CAGR of 3.2% from 2021 to 2028. The market is anticipated to grow by the rising vehicle sales which have boosted the demand for protective covering and maintenance of premium-class vehicles, primarily for aesthetics and interior cleaning applications.
Silicone In Car Care Products Market Segmentation
Grand View Research has segmented the global silicone in car care products market on the basis of product, application, end use, and region:
Based on the Products Insights, the market is segmented into Silicone, Specialty Silicones.
- The specialty silicones segment dominated the market for silicone in car care products and accounted for more than 60.0% of the overall revenue share in 2020. Specialty silicones are added to paints and coatings to improve slip, mar resistance, leveling, and foam control.
- Silicone aerosols are another form of specialty silicone used on interior components, especially dashboards since they are more prone to daily wear and tear. They restore the shine and enhance the color hence keeping the cockpit clean.
Based on the End-user Insights, the market is segmented into DIY, Professional/Commercial.
- The Do-it-yourself (DIY) concept dominated the end-use segment in silicone in the car care products market and accounted for the largest revenue share of more than 50.0% in 2020. Rising expenditure on vehicle Maintenance Repair (MR) across the globe has introduced the vehicle owing population to the concept of Do-it-yourself (DIY).
- In recent years, the demand for silicone-based car care products has witnessed growth from professional vehicle repair service providers. Luxury vehicles require specific expertise and products suitable to maintain the surface paints and vehicle's aesthetic appearance.
Based on the Application Insights, the market is segmented into Paint Preservatives, Polishes, Spray Wax, Leather Vinyl Care, Tire Care Products, Plastic Care, Others.
- The paints preservatives segment dominated the application segment and accounted for the largest revenue share of more than 25.0% in 2020. Silicones used as paint preservatives extend the lifespan of the coatings used in automobiles and prevent the formation of bubbles on surfaces.
- Silicone additives are used for providing unique properties to coatings, including mar resistance, improved slip, and foam control. Also, the low surface tension exhibited by silicone additives makes them very effective when added in small amounts to paints.
- Silicones are primarily used in spray wax to enhance or modify a specific characteristic of another ingredient. Silicones create water-in-oil emulsions, reduce emulsion particle size, stabilize emulsions, and improve the spreading and coverage of wax products.
- Vehicle tires are always in contact with the different terrains and suffer from dirt, water, road tar, oxygen, and ultraviolet radiation ozone. Silicone in tire dressings gives tires a new shiny look and helps prevent hardening, fading, cracking, fading, and cracking of tires.
- The trend of lightweight, energy-efficient vehicles is anticipated to create opportunities in tires development to reduce the drag and increase the life expectancy of vehicle tires, which is expected to fuel the silicone in the car care products market.
Silicone In Car Care Products Regional Outlook
- North America
- Europe
- Asia Pacific
- Central South America
- Middle East Africa (MEA)
Key Companies Profile Market Share Insights
Established players such as 3M are collaborating with car care product manufacturers to develop new products and strengthen their market position.
Some prominent players in the global silicone in car care products market include
- 3M
- CHT Group, Ltd
- Evonik Industries AG
- Dow
- Momentive Performance Materials Inc.
- Henkel AG Co. KGaA
- Sonax GmbH
- Wacker Chemie AG
- Shin-Etsu Chemical Co., Ltd.
- Armor All
- MA-FRA S.p.A.
- LIQUI MOLY GmbH
Order a free sample PDF of the Silicone In Car Care Products Market Intelligence Study, published by Grand View Research.
About Grand View Research
Grand View Research, U.S.-based market research and consulting company, provides syndicated as well as customized research reports and consulting services. Registered in California and headquartered in San Francisco, the company comprises over 425 analysts and consultants, adding more than 1200 market research reports to its vast database each year. These reports offer in-depth analysis on 46 industries across 25 major countries worldwide. With the help of an interactive market intelligence platform, Grand View Research Helps Fortune 500 companies and renowned academic institutes understand the global and regional business environment and gauge the opportunities that lie ahead.
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