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Showing posts with the label Silicone in Electric Vehicles Market Trend

Silicone in Electric Vehicles Market Growth Analysis and Foresight to 2025

Silicone exhibits properties such as superior electrical insulation, thermal conductivity, chemical stability, flame retardancy, and resistance to heat, radiation, moisture, chemical, and light. The Global Silicone in Electric Vehicles (EVs) Market size is poised to reach USD 1.80 billion by 2025, as per a report by Grand View Research, Inc., experiencing a CAGR of 8.1% during the forecast period. Silicone offers better temperature resistance at both high and low temperatures in comparison to other rubbers. It can withstand a higher temperature limit of up to 150°C and a lower temperature limit of up to -40°C. The temperature resistance property exhibited by silicone widens its application scope in electric vehicles. These useful properties of silicone are likely to fuel its demand in different forms for use in electric vehicles over the coming years. However, organic rubber substitutes are projected to pose a threat to the demand for silicone, which may challenge the consumpt