Automotive Silicone Market projected to Reach $3.33 billion by 2023
The market size of automotive silicone, in terms of value, is expected to reach USD 3.33 billion by 2023 from USD 2.37 billion in 2018, at a CAGR of 7.1% from 2018 to 2023. Increasing demand for automotive silicone in various applications such as interior & exterior, engines, electrical, and others in emerging economies is driving the growth of the automotive silicone market. Download the pdf brochure : https://www.marketsandmarkets.com/pdfdownload.asp?id=156048997 New product launches and expansions were key strategies adopted by industry players to gain traction in the automotive silicone market. Both the strategies accounted for a share of 92% of all growth strategies adopted by the market players from 2014 to 2018. Leading market players have adopted expansion as their primary growth strategy. Companies operating in this market also adopted the strategy of new product launches and partnerships to increase their product portfolio. New product launches accounted for a shar