High Temperature Elastomer with Top Competitors like Wacker Chemie AG, 3M Company, Daikin Industries, Ltd., Bluestar Silicones and Global Forecast to 2025

Global High Temperature Elastomer Market Research studies several features of business environment, such as competitors, market structure, government regulations, economic trends, technological advances and financial analysis of companies, industries, and sectors. This helps businesses in the decision-making process of planning and implementing strategies for their markets.

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Global High Temperature Elastomer Market accounted for USD 10.2 million in 2017, and is projected to grow at a CAGR of 8.2% during the forecast period of 2018 to 2025. The upcoming market report contains data for historic years 2016, the base year of calculation is 2017 and the forecast period is 2018 to 2025.

Market Definition:

High Temperature Elastomers have the ability to regain their original shape after being subjected to external or internal stress. High temperature elastomers have specific temperature range for different elastomers. Elastomers 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. Elastomers are witnessing considerable demand in the aforementioned industries. Industrial applications of elastomers are manufacturing of rubber tires and seat covers in transportation sector. The RTP Company provides the Thermoplastic Elastomer (TPE) compounder that can support your medical device development needs effectively. It also deliver thermoplastic sheet in a range of widths, lengths and thicknesses, used for thermoforming, machining, or flat stock assembly.

Major Market Competitors:

• 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 and
• China National Bluestar (Group) Co Ltd

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Major Market Drivers & Restraint:

• Increase in utilization of elastomer in automotive industry.
• Surging demand in the developing nations.
• Escalating government investments in the infrastructural development coupled with the augmenting demand from the automobile sector are other key factors contributing to the growth of the market.
• Wide range of synthetics rubber available in the market may hinder growth of the global high temperature elastomer market.

Market Segmentation:

The global high temperature elastomer market is divided into type and application.

The global high temperature elastomer market is segmented on the basis of type, into fluorocarbon elastomer, perfluorocarbon elastomer, silicone elastomer, fluorosilicone elastomers.

On the basis of Applications, the global high temperature elastomer market is segmented into automobile & transportation, electrical & electronics, healthcare, consumer products, and industrial machine.

On the basis of Geography, the global high temperature elastomer market report covers data points for 28 countries across multiple geographies such as:-
• North America,
• South America,
• Europe,
• Asia-Pacific and
• Middle East & Africa.

Competitive Landscape:

The global high temperature elastomer market is fragmented with the presence of a large number of players across different regions. These players have adopted numerous organic as well as inorganic growth approaches such as mergers & acquisitions, new product launches, expansions, agreements, and partnerships to reinforce their place globally.

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This release was published on openPR.