What are the Major Growth Drivers and Restraints of High Temperature Elastomers Market ? Major Players are Dow, KCC Corporation, Solvay S.A., Momentive Performance Materials Inc., Wacker Chemie AG, 3M, Daikin and Others

High temperature elastomers refer to elastomers made of long chain of atoms possessing elastic property. These have applications in general rubber to high-performance chemical and automotive industries.

Increasing investment by key manufacturers in the market for the development of advanced elastomers is the major trend witnessed in the high temperature elastomers market. Companies have started investing in R&D processes to expand the application areas of these elastomers and target new industries for the market growth. The increasing requirement of new and advanced polymers with unique properties are pushing the manufacturers to invest in the same. This can be achieved by improved control of molecular structure, copolymerization, and formulation of existing polymers types. Hence, elastomers manufacturers are trying new polymerization techniques and catalysts to control tacticity, comonomer composition, molar mass, and molar mass distribution.

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On the basis of application, the high temperature elastomers market is segmented into automobile and transportation, semiconductor and electronics, healthcare, consumer products, industrial machinery, and others; ‘others’ include construction and chemical processing. Automobile and transportation was the largest application area in the market, with its volume sales exceeding 40.0% in 2017. The demand for these elastomers are growing in the transportation, automotive, and aerospace industries as these can withstand extreme temperature and have good chemical and solvent-resistance. To meet this demand, these elastomers are being used to produce various under-the-hood components and other automotive machinery parts.

Based on type, the high temperature elastomers market is categorized into fluorocarbon elastomer, perfluorocarbon elastomer, silicone elastomer, fluorosilicone elastomer, and others; ‘others’ include nitrile and polyacrylate. Silicone elastomer was the largest type in the market, contributing more than 65.0% revenue in 2017. The high demand of silicone elastomer from the construction and automotive industries globally, is driving its market growth. For instance, in the construction industry, silicone elastomers are used as a sealant and structural glazing material, while in the automotive industry, these elastomers find application in cure place gasket and vibration dampers.

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The use of high temperature elastomers is rapidly increasing in various industries including automotive. Along with that, the growing automotive industry is further driving the market growth. The automotive industry in emerging economies is developing at a fast pace, particularly in APAC and Latin America, which is generating a significant demand of these elastomers. These elastomers are preferred for hoses, dampers, seals, boots, and gaskets due to their beneficial properties of durability, flexibility, and resistance to heat and automotive lubricants.

Along with that, high performance elastomers are also used in various other industries including transport, oil and gas, aerospace, electrical, and healthcare. For instance, in the transport sector, they are used in the manufacturing of specialty rubber, tyres, and seat covers. They are also used as additives in other industries including healthcare, electronics, and consumer good. Hence, owing to these properties of elastomers, their adoption is increasing in various industries, thus driving the high temperature elastomers market growth.

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.

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This release was published on openPR.