Global high-temperature elastomers market research: Information by product type (silicone elastomers, fluorocarbon elastomers, fluorosilicone elastomers, perfluoro elastomers), end-user industry (automobiles, construction, electronics) – Forecast till 2023
Pune, India -- (SBWIRE) -- 03/29/2018 -- High-Temperature Elastomers are used in various end-user industries such as building and construction, automobile, electronics, oil and gas, and industrial machinery. The growing demand from the developing region throughout the globe are the major factors driving the global market of High-Temperature Elastomers. The growing government investments in the infrastructural development coupled with the augmenting demand from the automobile sector are other factors contributing to the growth of the market. Among the various end-user industry automobile is the dominant segment and is expected to show the same trend during the forecast years. Increasing number of applications of high-performance elastomers in seats, tires, and other rubber applications is contributing to the growth of the segment.
The Global High-Temperature Elastomers Market is segmented into product type and end-user industry. On the basis of the product type, the Global High-Temperature Elastomers Market is segmented into silicone elastomers, fluorocarbon elastomers, fluorosilicone elastomers, perfluoro elastomers, and others. On the basis of the end use industry, the market is further segmented into automotive, aviation, industrial machinery, healthcare, electrical and electronics, building and construction, and others.
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Some of the prominent players operating in the Global High-Temperature Elastomers Market are Dow Corning Corporation (U.S.), Wacker Chemie Ag( Germany), Momentive (U.S.), Shin-Etsu Chemical Co., Ltd (Japan), China National Bluestar (Group) Co. Ltd (China), Daikin Industries Ltd (Japan), DuPont (U.S), KCC Corporation (South Korea), Solvay S.A (Belgium), and 3M Company (U.S.) among others.
The silicone elastomer product segment is the leading type in the market on account of its growing use in the machinery, electrical & electronics, and automotive components. The advantages such as high tear strength, enhanced heat, and corrosion resistivity are the major factors contributing to the growth of the segment.
The Global High-Temperature Elastomers Market is spanned across five key regions: Asia Pacific, North America, Europe, Latin America, and the Middle East & Africa. Among these, Asia Pacific holds a major portion of the global market and is anticipated to continue its dominance during the forecast period. The developing end-user industries in the region such as construction and automotive are expected to fuel the market growth. Moreover, the favorable government regulation has resulted in the shifting of a manufacturing base to the Asia Pacific region, which has further propelled the market growth. The major countries attributing to the growth of High-Temperature Elastomers in this region are India, China, and Japan. North America is the dominant region in the global market High Temperature Elastomers. The developed end-user industries coupled with the growing adoption of High Temperature Elastomers are the major factor contributing to the growth of the market. The major countries attributing to this growth are the U.S. and Canada. European High Temperature Elastomers Market is mainly driven by the developed automobile and healthcare sector. Moreover, the increasing use of High Temperature Elastomers in the industrial sector industry coupled with the growing application in oil and gas sector is anticipated to add fuel to the growth of the market during the forecast years.
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