Press release
Performance Elastomers Market - Opportunities in Key Application Sectors by 2024
Performance Elastomers Market
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Performance Elastomers Market will likely cross USD 14 billion by 2024; according to a new research report by Global Market Insights, Inc. Superior characteristics of performance elastomers provide the niche sector an additional edge over regular elastomers as it helps in increasing the overall efficiency of the product where it is applied. Several research & development works along with patent filings by different corporate giants shows the enormous capacities of the performance elastomers market in the future.
These products have very strong molecular bonds, providing resistance to extreme temperature, highly reactive chemicals, potentially dangerous gases such as ozone, as well as fuel and other aliphatic and aromatic hydrocarbons. These properties make it ideal for use in critical application sectors such as aerospace fuel systems, auto fuel emission controls, etc. giving a significant boost to the global performance elastomers market.
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The key performance elastomers studied in this report include silicone, thermoplastic, nitrile based, fluoroelastomers, acrylate, and chlorinated elastomers. Minor products such as etheylene vinyl acetate (EVA) elastomers, ethylene propylene copolymers (EPDM), polysulfide rubber, etc. have been considered in the others segment.
Chapter 2. Executive Summary
2.1. Global performance elastomers industry 360° synopsis, 2013 – 2024
2.1.1. Business trends
2.1.2. Product by end-user trends
2.1.3. End-user trends
2.1.4. Regional trends
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Chapter 3. Performance Elastomers Industry Insights
3.1. Industry segmentation
3.2. Industry size and forecast, 2013 – 2024
3.3. Industry ecosystem analysis
3.3.1. Profit margin analysis
3.3.2. Value addition at each stage
3.3.3. Distribution channel analysis
3.3.4. Vendor matrix
3.3.4.1. List of key manufacturers/suppliers
3.3.4.2. List of key/potential customers
3.4. Raw material trends
3.5. Technology trends
3.6. Industry impact forces
3.6.1. Growth drivers
3.6.1.1. Increasing adoption in automotive and transportation industry
3.6.1.2. Industrial development in the emerging countries
3.6.1.3. Performance superiority over conventional elastomers
3.6.2. Industry pitfalls & challenges
3.6.2.1. Volatile raw material prices
3.6.2.2. High manufacturing costs associated with the product
3.7. Regulatory trends
3.7.1. U.S.
3.7.2. Europe
3.7.3. China
3.8. Growth potential analysis
3.9. Competitive landscape
3.9.1. Company market share, 2016
3.9.2. Strategy dashboard
3.9.3. Patent analysis
3.10. Porter’s analysis
3.10.1. Supplier power
3.10.2. Buyer power
3.10.3. Threat of new entrants
3.10.4. Threat of substitutes
3.10.5. Industry rivalry
3.11. Regional price trends
3.11.1. Cost structure analysis
3.11.1.1. R&D cost
3.11.1.2. Manufacturing & equipment cost
3.11.1.3. Raw material cost
3.11.1.4. Distribution cost
3.11.1.5. Operating cost
3.11.1.6. Miscellaneous cost
3.11.2. Price by product
3.12. PESTEL analysis
Silicone elastomers will generate revenue worth more than USD 6.5 billion in 2024, witnessing growth at over 8% CAGR in the forecast years. Fluoroelastomers is the fastest developing product segment and is likely to be worth more than USD 1.5 billion by the end of the forecast spell driven by its high resistance to temperature and chemical reactions.
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Performance elastomers are most extensively used in the automotive & transportation industry due to its capability to withstand extreme heat inside engine blocks, exhaust systems, and fuel systems. They are used for the production of seals and gaskets, O-rings, belts, hoses, diaphragms, etc. replacing metal components, thus reducing the overall vehicle weight.
Key performance elastomers market participants include 3M Company, Arlanxeo, Dow Corning, Momentive Performance Materials, Daikin, Exxon Mobil, Dow Dupont, Solvay, Shin-Etsu Chemical, Tosoh Corporation, Zeon Chemicals, Mitsui Chemical, and Wacker Chemie. High entry barriers restrict small and medium enterprises from entering the industry, but the presence of several multinational companies characterizes the overall competitive landscape.
About Global Market Insights:
Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.
Contact Us:
Arun Hegde
Corporate Sales, USA
Global Market Insights, Inc.
Phone:1-302-846-7766
Toll Free: 1-888-689-0688
Email: sales@gminsights.com
Web: www.gminsights.com
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