| Product Code: ETC4473565 | Publication Date: Jul 2023 | Updated Date: Nov 2025 | Product Type: Report | |
| Publisher: 6Wresearch | Author: Ravi Bhandari | No. of Pages: 85 | No. of Figures: 45 | No. of Tables: 25 |
India`s automotive silicone import shipments in 2024 continued to see significant growth, with top exporting countries including China, Germany, USA, Thailand, and UK. The high Herfindahl-Hirschman Index (HHI) indicates a concentrated market. The compound annual growth rate (CAGR) from 2020 to 2024 stood at an impressive 16.91%, showcasing a robust expansion trend. Furthermore, the growth rate from 2023 to 2024 was recorded at 14.49%, indicating sustained momentum in the sector. These figures point towards a thriving market for automotive silicone imports in India.
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The India Automotive Silicone market is witnessing growth due to its applications in the automotive industry. Silicones are used in various automotive components, including gaskets, seals, and lubricants. The automotive sector`s expansion and the demand for high-performance materials contribute to market growth.
The automotive silicone market in India is primarily driven by the expansion of the automotive sector. With the increasing demand for vehicles, there is a growing need for high-performance silicone-based materials in various automotive applications, such as gaskets, seals, adhesives, and coatings. The durability, heat resistance, and performance characteristics of silicone make it a preferred choice for automotive manufacturers.
The India automotive silicone market encounters several challenges, including the need to meet stringent quality and performance standards. As the automotive industry evolves and demands high-quality materials for various applications, silicone manufacturers must continuously innovate and ensure their products meet the required specifications. Moreover, cost-effectiveness is a significant challenge, as silicone can be a relatively expensive material, and automotive manufacturers often look for cost-efficient alternatives. Additionally, regulatory compliance and environmental considerations regarding the disposal of silicone-based materials pose a challenge for the industry.
The India automotive silicone market faced challenges with the slowdown in the automotive industry during the pandemic. However, as the sector recovered and consumers emphasized safety and comfort in vehicles, the demand for automotive silicones, especially for gaskets, seals, and adhesives, saw a revival.
Major players in the India automotive silicone market include Momentive Performance Materials India Private Limited, Dow Chemical India Private Limited, Wacker Chemicals India Private Limited, Shin-Etsu Chemical Co., Ltd., and Elkay Chemicals Private Limited.
1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 India Automotive Silicone Market Overview |
3.1 India Country Macro Economic Indicators |
3.2 India Automotive Silicone Market Revenues & Volume, 2021 & 2031F |
3.3 India Automotive Silicone Market - Industry Life Cycle |
3.4 India Automotive Silicone Market - Porter's Five Forces |
3.5 India Automotive Silicone Market Revenues & Volume Share, By Type, 2021 & 2031F |
3.6 India Automotive Silicone Market Revenues & Volume Share, By Application, 2021 & 2031F |
4 India Automotive Silicone Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing demand for lightweight and high-performance automotive components |
4.2.2 Growing focus on vehicle electrification and sustainability initiatives |
4.2.3 Rising investments in research and development for advanced automotive technologies |
4.3 Market Restraints |
4.3.1 Fluctuating raw material prices impacting production costs |
4.3.2 Stringent regulatory requirements for automotive safety and emissions standards |
4.3.3 Intense competition from alternative materials in the automotive industry |
5 India Automotive Silicone Market Trends |
6 India Automotive Silicone Market, By Types |
6.1 India Automotive Silicone Market, By Type |
6.1.1 Overview and Analysis |
6.1.2 India Automotive Silicone Market Revenues & Volume, By Type, 2021-2031F |
6.1.3 India Automotive Silicone Market Revenues & Volume, By Elastomers, 2021-2031F |
6.1.4 India Automotive Silicone Market Revenues & Volume, By Gels, 2021-2031F |
6.1.5 India Automotive Silicone Market Revenues & Volume, By Resins, 2021-2031F |
6.1.6 India Automotive Silicone Market Revenues & Volume, By Fluids, 2021-2031F |
6.2 India Automotive Silicone Market, By Application |
6.2.1 Overview and Analysis |
6.2.2 India Automotive Silicone Market Revenues & Volume, By Interior & Exterior, 2021-2031F |
6.2.3 India Automotive Silicone Market Revenues & Volume, By Engines, 2021-2031F |
6.2.4 India Automotive Silicone Market Revenues & Volume, By Electrical, 2021-2031F |
6.2.5 India Automotive Silicone Market Revenues & Volume, By Tires, 2021-2031F |
7 India Automotive Silicone Market Import-Export Trade Statistics |
7.1 India Automotive Silicone Market Export to Major Countries |
7.2 India Automotive Silicone Market Imports from Major Countries |
8 India Automotive Silicone Market Key Performance Indicators |
8.1 Adoption rate of silicone-based automotive components in new vehicle models |
8.2 Number of partnerships or collaborations between silicone manufacturers and automotive companies |
8.3 Investment trends in silicone technology development for automotive applications |
9 India Automotive Silicone Market - Opportunity Assessment |
9.1 India Automotive Silicone Market Opportunity Assessment, By Type, 2021 & 2031F |
9.2 India Automotive Silicone Market Opportunity Assessment, By Application, 2021 & 2031F |
10 India Automotive Silicone Market - Competitive Landscape |
10.1 India Automotive Silicone Market Revenue Share, By Companies, 2024 |
10.2 India Automotive Silicone Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |