Press release
High Temperature Elastomers Market Qualitative Insights, Key Enhancement and Share Forecast For Players: Dowcorning, KCC Corporation, Solvay, Wacker, 3M, Daikin Industries, Ltd., RTP Company & The Chemours Company by 2023
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On the basis of application, the high temperature elastomers market is bifurcated into automobile and transportation, semiconductor and electronics, healthcare, consumer products, industrial machinery, and others; ‘other’ applications include construction and chemical processing.
Based on type, the high temperature elastomers market is categorized into fluorocarbon elastomer, perfluorocarbon elastomer, silicone elastomer, fluorosilicone elastomers, and others; ‘others’ include nitrile and polyacrylate.
The demand of high temperature elastomers is increasing in developing countries, owing to their consumption in various industries including automotive, consumer goods, and electronics. Manufacturers are promoting the use of these elastomers for these industries, by advertisements and campaign programs, owing to the good economic growth, and rapid industrialization and urbanization in these countries.
The high temperature elastomers market in Asia-Pacific (APAC) is expected to register a CAGR of 7.4% during the forecast period, in terms of value. The growth of the APAC market is driven by the presence of various end-use industries, increase in construction activities, and rapid economic growth.
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Some of the major players operating in the global high temperature elastomers market are Dow Corning Corporation, KCC Corporation, Solvay S.A., Momentive Performance Materials Inc., Wacker Chemie AG, 3M Company, Daikin Industries, Ltd., RTP Company, Shin-Etsu Chemical Co., Ltd., and The Chemours Company.
GLOBAL HIGH TEMPERATURE ELASTOMERS MARKET SEGMENTATION
By Type
• Fluorocarbon
• Perfluorocarbon
• Silicone
• Fluorosilicone
• Others
By Application
• Automobile and Transportation
• Semiconductor and Electronics
• Healthcare
• Consumer Products
• Industrial Machinery
• Others
By Geography
• North America
o U.S.
o Canada
o Mexico
• Europe
o Germany
o Italy
o France
o U.K.
o Rest of Europe
• APAC
o China
o Japan
o South Korea
o India
o Rest of APAC
• Rest of the World (RoW)
o Brazil
o Saudi Arabia
o Others
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