High Temperature Elastomers Market Rising Trends, Growth Opportunities 2024

Posted by Yash Chauhan on March 15th, 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.

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Moreover, increasing urbanization and industrialization in emerging economies is expected to further bolster the growth of the global high temperature elastomers market.

The rapid increase of the automotive industry along with extensive utilization of high temperature elastomers is majorly driving the growth of global high temperature elastomers market. The automotive industry in developing economies such as Latin America and Asia-Pacific are observing significant growth due to rapid growth in high temperature elastomers market.

Asia-Pacific is expected to witness the fastest growth in the global high temperature elastomers market due to rampant economic development and fuelling growth in the construction industry.

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.

Source: VynZ Research