Press release
Global Performance Elastomers Market Detail Analysis focusing on Key Players 3M Company, Arlanxeo, Dow Corning, Momentive Performance Materials, Daikin, Exxon Mobil, Dow Dupont, Solvay & more
Asia Pacific will be the largest performance elastomers market over the forecast years with more than 55% of the overall industry by 2024. Prevalence of a highly mature and developing automotive industry in this region will augment the regional market significantly in the next few years.
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Performance Elastomers Market will likely cross USD 14 billion by 2024. 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.
Volatility in the raw material prices may adversely affect the global performance elastomers market in coming years as many manufacturers will find it difficult to maintain a regular supply. The global demand-supply dynamics, crude oil price fluctuations and its consequent impact on the prices of the synthetic substitutes, as well as the variations in the exchange rates of major synthetic elastomer trading countries will significantly restrain the market development in coming years.
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.
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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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.
Table Of content:
Chapter 1. Methodology & Scope
Chapter 2. Executive Summary
Chapter 3. Performance Elastomers Industry Insights
Chapter 4. Performance Elastomers Market, Product by End-user
Chapter 5. Performance Elastomers Market, By End-User
Chapter 6. Performance Elastomers Market, By Region
Chapter 7. Company Profiles
For More Details of this Report: https://www.marketstudyreport.com/reports/performance-elastomers-market
Related Report:
United States Performance Elastomers Market Report 2017
In this report, the United States Performance Elastomers market is valued at USD XX million in 2016 and is expected to reach USD XX million by the end of 2022, growing at a CAGR of XX% between 2016 and 2022.
https://www.marketstudyreport.com/reports/united-states-performance-elastomers-market-report-2017/?utm_source=RR-AN
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