Pune, India -- (SBWIRE) -- 08/16/2018 -- According to Data Bridge Market Research new Market report, Global High Temperature Elastomers Market By Type (Fluorocarbon Elastomer, Fluorsilicone Elastomers, Perfluorocarbon Elastomers, Silicone Elastomers, and Others), By Application (Transportation, Electrical & Electronics, Healthcare, Industrial Machinery, and Others), By Geography (North America, Europe, Asia-Pacific, Europe, South America, Middle East and Africa) – Industry Trends and Forecast is projected to reach 970.36 KT by 2025, at a CAGR of 6.8% during the forecast period of 2018 to 2025.
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Global High temperature elastomer market
High temperature elastomer are the special type of elastomer having the ability to regain their original shape after being subjected to external or internal stress. High temperature elastomer have specific temperature range for different elastomer. These are extremely elastic in nature and have a high tensile strength. They are used in various industries including automobile, transportation, oil and gas, aerospace, electronics, and healthcare. Elastomer are witnessing considerable demand in the aforementioned industries. Industrial applications of elastomer are manufacturing of rubber tires and seat covers in transportation sector. The RTP Company provides the Thermoplastic Elastomer (TPE) compounder which supports the need of medical device development effectively. It also delivers thermoplastic sheet in a range of width, length and thickness-used for thermoforming, machining, or flat stock assembly.
Rubber applications across the industry will grow and require higher temperature performance and higher resistance against fuels and oils and many industries including automotive, aviation and oil and gas are looking beyond traditional materials for solutions. It includes everything from turbocharger hose lining to blowback preventer seals to gaskets for airplane hydraulic systems. FKM and FVMQ have been used historically in these applications. FKM is being used for many of the applications requiring the highest temperature resistance and FVMQ is being used for temperatures up to 220°C. Recent advancements in FVMQ technology have extended the upper service-temperature performance up to 240°C with peak temperatures to 250°C. Hence the technological advancement in the high temperature elastomers technology will develop the new application and create the market demand in future.
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Major Market Competitors: Global High Temperature Elastomer Market
- The Dow Chemical Company,
- E.I. du Pont de Nemours and Company,
- Solvay S.A.,
- Momentive Performance Materials Inc.,
- Wacker Chemie AG,
- 3M Company,
- Daikin Industries, Ltd.,
- Bluestar Silicones,
- RTP Company and Shin-Etsu Chemical Co. Ltd..
- KCC Corporation,
- Evonik Industries,
- The Andhra Petrochemicals Limited,
- Oxea Gmbh,
- Exxonmobil Chemical Company,
- Eastman Chemical Company,
- Covestro AG,
- China National Bluestar (Group) Co, Ltd
- Among Others
The global high temperature elastomer market report contains an in-depth profiling of the key market players, along with the recent developments (new product launches, partnerships, agreements, collaborations, and joint ventures) and strategies adopted by them to sustain and strengthen their position in the market. The report also covers the market shares for global, North America, Europe, Asia-Pacific, Middle East and Africa and South America high temperature elastomer market.
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Market Segmentation: Global High temperature elastomer Market
The global market for high temperature elastomers by the following sub-categories is presented
- By Type
o Silicone Elastomers
o Fluorocarbon Elastomers
o Fluorosilicone Elastomers
- By Application
o Electrical & Electronics
o Industrial Machinery
- By Geography
o North America
o South America
o Middle East and Africa
FACTORS DRIVING GROWTH IN THE GLOBAL HIGH TEMPERATURE ELASTOMER MARKET
Increase in utilization of elastomer in automotive industry:
The elastomers are majorly used in various parts of automobile such as hoses, gaskets, O-rings, seals and various other components. The elastomers provide various properties such as longevity in powertrain, thermal and chemical resistance and resistance to service fluids, and can retain sealing properties under compression. These properties make them suitable to be used in automotive industry. According to an article recently published by State of the U.S. Automotive Industry, companies such as FCA US, Ford, and General Motors have invested more than USD 35.00 billion in U.S. assembly, engine and transmission plants, R&D labs, headquarters, administrative offices, and in other infrastructure. The article also stated that auto sales in U.S. have been increased by 67.0% since 2009 and was valued around USD 10.4 million in 2017. U.S. is one of the largest automotive markets in the world and according to an article published recently by International Trade Administration (ITA) around 17.1 million units of cars were sold in U.S in 2017. The country is world's 2nd largest market for sales and production of vehicles. Hence large application of elastomers in automotive industry driving the demand for high temperature elastomers.
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