Global Silicone In Electric Vehicles Market Growth, Share, Size, Trends and Forecast (2025 - 2031)

By Product;

Elastomers, Fluids, Resins, and Others.

By Charging Type;

Plug-in Hybrid Electric Vehicles (PHEV), and Battery Electric Vehicle (BEV).

By Vehicle Type;

Light Motor Vehicle (LMV), and Commercial Motor Vehicle (CMV).

By Geography;

North America, Europe, Asia Pacific, Middle East and Africa, and Latin America - Report Timeline (2021 - 2031).
Report ID: Rn844307538 Published Date: March, 2025 Updated Date: April, 2025

Introduction

Global Silicone In Electric Vehicles Market (USD Million), 2021 - 2031

In the year 2024, the Global Silicone In Electric Vehicles Market was valued at USD 1,656.25 million. The size of this market is expected to increase to USD 2,677.02 million by the year 2031, while growing at a Compounded Annual Growth Rate (CAGR) of 7.1%.

Silicone plays a critical role in the electric vehicle (EV) industry, particularly in enhancing the safety, performance, and longevity of various components. One of its primary applications lies in battery safety, where silicone rubber provides essential resistance, strength, and durability required for reliable automotive operations. As electric vehicles face increasing thermal challenges, silicone rubber stands out for its ability to withstand high temperatures, making it an ideal material choice for ensuring the integrity and efficiency of EV components.

In addition to thermal resilience, silicone offers exceptional sealing capabilities crucial for protecting sensitive battery systems from dust and moisture intrusion. Its ability to provide long-lasting environmental sealing helps prevent potential issues like corrosion or electrical malfunctions, thereby contributing to the overall reliability and safety of electric vehicles. This reliability is further bolstered by silicone's resistance to battery failure, ensuring consistent performance over the vehicle's lifespan. Moreover, the expanding market for electric vehicles, driven by their environmental advantages and increasing global adoption, has led to growing demand for silicone solutions in EV applications. Silicone's outstanding thermal stability, superior electrical insulation properties, and resilience to extreme temperatures make it indispensable across EV components such as electric motors, battery systems, cables, connections, adhesives, and sealants. As automakers and consumers prioritize efficiency, reliability, and sustainability in EV technology, silicone continues to play a pivotal role in advancing the performance and longevity of electric vehicles worldwide.

  1. Introduction
    1. Research Objectives and Assumptions
    2. Research Methodology
    3. Abbreviations
  2. Market Definition & Study Scope
  3. Executive Summary
    1. Market Snapshot, By Product
    2. Market Snapshot, By Charging Type
    3. Market Snapshot, By Vehicle type
    4. Market Snapshot, By Region
  4. Global Silicone In Electric Vehicles Market Dynamics
    1. Drivers, Restraints and Opportunities
      1. Drivers
        1. Increasing Demand for Electric Vehicles (EVs)
        2. Stringent Environmental Regulations
        3. Technological Advancements in Battery Technology
        4. Rising Focus on Vehicle Safety and Reliability
        5. Expansion of Charging Infrastructure
      2. Restraints
        1. High Cost of Silicone Materials
        2. Supply Chain Disruptions
        3. Competition from Alternative Materials
        4. Complexity in Material Compatibility and Integration
        5. Regulatory Uncertainty
      3. Opportunities
        1. Expansion of Electric Vehicle Fleet
        2. Advancements in Autonomous and Connected Vehicles
        3. Focus on Lightweighting and Energy Efficiency
        4. Emerging Markets and Regional Expansion
        5. Innovation in Sustainable Materials
    2. PEST Analysis
      1. Political Analysis
      2. Economic Analysis
      3. Social Analysis
      4. Technological Analysis
    3. Porter's Analysis
      1. Bargaining Power of Suppliers
      2. Bargaining Power of Buyers
      3. Threat of Substitutes
      4. Threat of New Entrants
      5. Competitive Rivalry
  5. Market Segmentation
    1. Global Silicone In Electric Vehicles Market, By Product, 2021 - 2031 (USD Million)
      1. Elastomers
      2. Fluids
      3. Resins
      4. Others
    2. Global Silicone In Electric Vehicles Market, By Charging Type, 2021 - 2031 (USD Million)
      1. Plug-in Hybrid Electric Vehicles (PHEV)
      2. Battery Electric Vehicle (BEV)
    3. Global Silicone In Electric Vehicles Market, By Vehicle Type, 2021 - 2031 (USD Million)
      1. Light Motor Vehicle (LMV)
      2. Commercial Motor Vehicle (CMV)
    4. Global Silicone In Electric Vehicles Market, By Geography, 2021 - 2031 (USD Million)
      1. North America
        1. United States
        2. Canada
      2. Europe
        1. Germany
        2. United Kingdom
        3. France
        4. Italy
        5. Spain
        6. Nordic
        7. Benelux
        8. Rest of Europe
      3. Asia Pacific
        1. Japan
        2. China
        3. India
        4. Australia & New Zealand
        5. South Korea
        6. ASEAN (Association of South East Asian Countries)
        7. Rest of Asia Pacific
      4. Middle East & Africa
        1. GCC
        2. Israel
        3. South Africa
        4. Rest of Middle East & Africa
      5. Latin America
        1. Brazil
        2. Mexico
        3. Argentina
        4. Rest of Latin America
  6. Competitive Landscape
    1. Company Profiles
      1. Wacker Chemie AG
      2. Elkem Silicones
      3. The Dow Chemical Company (Formerly Dow Corning)
      4. H.B. Fuller Company
      5. Nexeon Limited
  7. Analyst Views
  8. Future Outlook of the Market