Performance Elastomers Market 2022 Latest Insights, Growth Rate, Future Trends And Forecast | Key Players : Du Pont de Nemours, Arlanxeo, Zeon Chemicals LP, Solvay SA, Dow Corning Corporation, Wacker Chemie AG

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The global performance elastomers market report by the business research company identifies increasing demand in the automotive and transport industry is expected to be a major growth driver for the performance elastomers market. Economies worldwide have been steadily growing, which has increased the standard of living, further increasing the purchasing power. The advent of the COVID-19 pandemic also resulted in individuals preferring a safer mode of transportation that promoted social distancing and thus boosted the growth of automobiles. With the increase in gas prices, there has also been wide adoption of EV vehicles that aim to reduce costs and increase efficiency. This increasing demand for automotive has led to a surge in the uses of performance elastomers in automobiles as they are lightweight and provides enormous design freedom for interior and exterior components.

The global performance elastomers market is expected to grow from $12.72 billion in 2021 to $13.65 billion in 2022 at a compound annual growth rate (CAGR) of 7.31%.The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, surge in commodity prices, and supply chain disruptions, effecting many markets across the globe. The performance elastomers market is expected to reach $19.47 billion in 2026 at a CAGR of 9.28%.

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Asia-Pacific was the largest region in the performance elastomers market in 2021. North America is expected to be the fastest-growing region in the forecast period. The regions covered in the performance elastomers market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.

Major players in the performance elastomers market are Du Pont de Nemours, Arlanxeo, Zeon Chemicals LP, Solvay SA, Dow Corning Corporation, Wacker Chemie AG, Momentive Performance Materials Inc, 3M Company, Showa Denko, Mitsui Chemicals, JSR Corporation, Flexan LLC, Kg Kraiburg Tpe GmbH & Co Kg, Precision Polymer Engineering, Tosoh, Exxon Mobil Corporation, Lanxess and Lubrizol.

The global Performance Elastomers market is segmented -
1) By Type: Nitrile-Based Elastomers, Fluoroelastomers, Silicone Elastomers, Other Types
2) By End-Use Industry: Automotive And Transportation, Healthcare, Industrial Machinery, Building And Construction, Electrical And Electronics, Other End-Use Industry

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The Performance Elastomers Market Report Contents Include
1. Executive Summary
2. Performance Elastomers Market Characteristics
3. Performance Elastomers Market Trends And Strategies
4. Performance Elastomers Market - Macro Economic Scenario
5. Performance Elastomers Market Size And Growth
....
27. Performance Elastomers Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Performance Elastomers Market
29. Performance Elastomers Market Future Outlook and Potential Analysis
30. Appendix

This report covers the trends and market dynamics of the Performance Elastomers market in major countries - Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, and USA. The report also includes consumer surveys and various future opportunities for the market.

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