Scienza e Tecnologia
Rising Application in Automotive Industry to Steer Europe Silicone Rubber Market Past US$ 2.6 Bn in 2031
NEW YORK , May 24, 2022 /PRNewswire/ -- Europe silicone rubber market size is expected to reach a valuation of US$ 1.6 Bn by the end of 2022. Growth in the market is attributed to the rising application of liquid silicone rubber in healthcare, construction, and automotive industries.
With growing adoption of electric car across the globe, need for safe autonomous automobiles is increasing. On the back of this, demand for silicone rubber is expected to surge. Backed by these factors, Europe silicone rubber market is projected to surpass US$ 2.6 Bn by 2031.
Application of silicone rubber in automotive industry as tire additives, foam padding, and engine gaskets will drive the demand in the market. Hence, key companies in the silicone rubber market are developing advanced silicone rubber for improved efficiency.
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As liquid silicone rubber has chemical stability, resistance, and low viscosity, use of this rubber is increasing across construction and automotive industries. Application of liquid silicone rubber in automobile, marine vessel, and railway are bolstering the growth in the market.
As per Fact.MR, Germany and France is expected to lead the Europe silicone rubber market over the forecast period of 2022 and 2031. Expansion of automotive and construction industries in Germany and France are propelling the growth in Europe silicone rubber market.
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Silicone rubber companies in Europe are concentrating on product development to expand their presence in the market. Some of the key players in Germany are collaborating with end users and prioritizing research and development to develop unique and high-quality products to increase their revenue.
For instance,
In the latest study, Fact.MR offers a 360-degree view of the Europe silicone rubber market for the forecast period of 2022 to 2031. This report also provides key factors such as recent developments and growth drivers influencing the sales in Europe silicone rubber market through detailed segmentation as follows:
Demand for dimethicone silicone is rapidly increasing across the personal care and cosmetics industry, owing to its water resistance, anti-shearing characteristics, and temperature stability. Hence, extensive use of dimethicone silicone in the formulation of moisturizers, shampoos, hair conditioners, and others is expected to bolster the sales in the global market.
Driven by growing customer inclination toward all-natural and organic food and cosmetic products, there is a swift rise in applications of sodium cocoyl glutamate as a foaming ingredient and vegetable-based surfactant. This is estimated to propel the demand for sodium cocoyl glutamate in the market.
Bio-based surfactants are garnering huge popularity across personal care, home care, and industrial cleaning sectors, owing to their excellent stabilizing, foaming, and surface tension reduction properties. Hence, growing demand for hygiene and personal care products is anticipated to accelerate the sales of bio-based surfactants over the forecast period.
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