HOME Press Releases Performance Elastomers Market worth 16.75 Billion USD by 2022



Performance Elastomers Market worth 16.75 Billion USD by 2022


The report "Performance Elastomers Market by Type (Nitrile-Based Elastomers, Silicone Elastomers, and Fluoroelastomers), End-Use Industry (Automotive and Transportation, Healthcare, Industrial Machinery, Building and Construction, and Electrical and Electronics), and Region - Global Forecast to 2022", The global performance elastomers market is estimated to grow from USD 11.69 Billion in 2017 to USD 16.75 Billion by 2022, at a CAGR of 7.5% from 2017 to 2022.

                                     Request Sample                                      Request Sample

Browse 73 Market Data Tables and 33 Figures spread through 141 Pages and in-depth TOC on "Performance Elastomers Market by Type (Nitrile-Based Elastomers, Silicone Elastomers, and Fluoroelastomers), End-Use Industry (Automotive and Transportation, Healthcare, Industrial Machinery, Building and Construction, and Electrical and Electronics), and Region - Global Forecast to 2022"
https://www.marketsandmarkets.com/Market-Reports/performance-elastomer-market-83924559.html
Early buyers will receive 10% customization on reports.

Globally, people are opting for the products that deliver outstanding performance and have a long life cycle. Performance elastomers are used as a replacement for standard elastomers because of their unique set of properties such as heat resistance, weathering and ozone resistance, flexibility, durability, aging resistance, huge variety, chemical resistance, and oil & gas resistance. These factors ultimately increase the demand for performance elastomers globally.

Automotive and transportation industry is estimated to lead the performance elastomers market during the forecast period

Performance elastomers are used in o-rings, gaskets, performance seals, turbocharger hoses, oil-filter gaskets, air filters, fan couplings, radiator hoses, spark plug boots, and connector seals. Among the end-use industries, the automotive & and transportation industry is expected to lead the performance elastomers market between 2017 and 2022, followed by the industrial machinery industry. Because of the implementation of stringent environmental regulations regarding emission levels, the design of vehicles has changed drastically over the past few decades. The manufacturers are designing vehicles to be compact, lightweight, and more efficient. This requires various under-the-hood components to be in close proximity with each other, resulting in increased heat levels. The vehicle manufacturers require a performance elastomer that can operate under such rough conditions.

Among various types, the silicone elastomers segment is expected to lead the performance elastomers market during the forecast period. Silicone elastomers are known for their excellent properties such as outstanding resistance to weathering and ozone, good compression set, high physiological inertness, resistance to bacteria and fungi, and high temperature stability. Owing to these properties and ease of handling, silicone elastomers are used in a wide variety of applications, including automotive & transportation, electrical & electronics, footwear, and sportswear.

Asia-Pacific is the largest and the fastest growing market for performance elastomers

Asia-Pacific is estimated to be the largest market for performance elastomers. China is estimated to be the largest market for performance elastomers, whereas, India is estimated to be the fastest growing market for performance elastomers in the Asia-Pacific region. Low manufacturing costs, high economic growth rate, and large population with growing middle class lifestyles are the major factors that have led to the growth of the performance elastomers market in this region. The demand for performance elastomers from the automotive and transportation industry is expected to grow in Asia-Pacific because of rapid industrialization and increasing number of application industries in the region.

Major players in the global performance elastomers market are E. I. du Pont de Nemours and Company (U.S.), Arlanxeo (Netherlands), Zeon Chemicals L.P. (U.S.), Solvay S.A. (Belgium), Dow Corning Corporation (U.S.), Wacker Chemie AG (Germany), Momentive Performance Materials Inc. (U.S.), 3M Company (U.S.), Shin-Etsu Chemical Co., Ltd. (Japan), Daikin Industries Ltd. (Japan), and The Dow Chemical Company (U.S.).

About MarketsandMarkets™

MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 5000 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.

Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.

MarketsandMarkets’s flagship competitive intelligence and market research platform, "RT" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.

Contact:
Mr. Rohan
MarketsandMarkets™
701 Pike Street,
Suite 2175, Seattle,
WA 98101, United States
1-888-600-6441
Email: sales@marketsandmarkets.com

Connect Us

Follow us on LinkedIn  Follow us on Facebook   Follow us on Twitter 
Live Chat Support


US : 1-888-600-6441

Search reports