Global High Temperature Elastomers Market Size of USD 10.3 Billion in 2017

Posted by pooja karn on February 5th, 2019

The high-temperature elastomers that comprise properties such as chemical, corrosion and thermal resistance among others are known as thermosetting elastomers. These thermosetting elastomers are extensively being used in many industries such as electronics, transportation, building & construction, oil& gas and electrical. The global high-temperature elastomers market is expected to generate revenue of USD 16.8 billion by 2024 and is further anticipated to witness CAGR of 7.2% during the forecast period. Elastomers posses elastic and viscosity properties and are considered to be a bundle of polymers.

Geographically, Asia-Pacific is expected to witness fastest growth in the global high temperature elastomers market due to rampant economic development and fuelling growth in construction industry. The high temperature elastomers market in Asia-Pacific is further anticipated to generate largest revenue of USD 6.6 billion by 2024 owing to large number of organizations in automobile domain.

increasing investment avenues in technological advancements along with utilization of these elastomers in oil & gas and other industries in several countries such as Saudi Arabia, Morocco, UAE, Dubai and in Middle East and Africa have further bolstered the growth of global high temperature elastomers market. Additionally, rampant growth of these elastomers in the consumer goods, healthcare, automobile and manufacturing domain in South American countries are pertaining towards the growth of this market.

Some of the major players operating in the global high temperature elastomers market include KCC Corporation, Dow Corning Corporation, Momentive Performance Materials Inc., Wacker Chemie AG, Solvay S.A., Daikin Industries, Ltd., 3M Company, RTP Company, The Chemours Company, and Shin-Etsu Chemical Co., Ltd.

Global High Temperature Elastomers Market Coverage

Type Insight and Forecast 2014 – 2024

Fluorocarbon
Silicone
Perfluoroelastomers
Fluorosilicone
Others
Application Insight and Forecast 2014 – 2024

Semiconductor & Electronics
Automobile & Transportation
Industrial Machinery
Consumer Products
Healthcare
Others

Geographical Segmentation

High Temperature Elastomers Market by Region

North America

U.S.
Canada
Mexico
Europe

Germany
U.K.
France
Italy
Rest of Europe
Asia-Pacific

Japan
China
India
South Korea
Rest of Asia-Pacific
Rest of the World (RoW)

Brazil
Saudi Arabia
Rest of RoW

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pooja karn
Joined: January 29th, 2019
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