New Entrants And Region Specific High Temperature Elastomers Manufacturers Addressing Local Market Needs, Thereby Heightening Market Penetration And Propelling Demand, States Fact.MR

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High Temperature Elastomers Market Analysis By Type (Silicone, Fluorsilicon, Fluorocarbon, Perfluorocarbon Elastomers), By Region - Global Forecast 2022-2032

United States, Rockville MD, May 22, 2022 (GLOBE NEWSWIRE) -- According to a recently published Fact.MR report, the global High Temperature Elastomers Market is projected to grow at a compound annual rate (CAGR) of 5% between 2022 and 2032. The market is expected to reach US$ 25.5 Billion by the end of 2032. The demand for High Temperature Elastomers is expected to rise over the forecast period and the market is projected to gain a global market size worth of US$ 12.9 Billion by the end of 2022.

Browse in-depth TOC on "Demand of High Temperature Elastomers Market"

49 Tables

65 Figures

170 Pages

High temperature elastomers are widely used in the automobile and transportation industry in the form of tires, seat covers and other rubber products. Fluorosilicone elastomers, silicone elastomers, perfluorocarbon elastomers, and fluorocarbon elastomers are some of the commonly used types of high temperature elastomers. These are also used as additives in other major industries such as electrical & electronics, industrial machinery, consumer goods, and health care.

Most of the makers are striving for certifications from multiple associations and organizations that certify them, that their product is safer to use, sustainable, reliable and durable too.

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The study reveals that the market for high temperature elastomers is poised to grow at more CAGR as compared to the United States. The high temperature elastomers market is expected to grow at a CAGR of 7.1%, during the forecast period. The market is dominated both from the supplier’s and end users side. End-users are demanding sustainable and durable products, so the manufacturers keeping in mind their customer’s needs are producing accordingly.

Which Application Will Drive Most High Temperature Elastomer Sales?

The automotive and industrial sectors have created plentiful opportunities for manufactures of high temperature elastomers to increase their production capacities over the past few years.

Silicone and fluorsilicon elastomers are the most lucrative elastomer types in terms of product adoption and scalability. These application segments are estimated to generate a value of US$ 14.8 billion and US$ 4.6 billion, expanding at CAGRs of 7.9% and 7.4% over the decade, respectively.

In addition, other application segments of high temperature elastomers, such as in oil & gas industries and healthcare, are accredited to push market development in the near future.

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Key Segments Covered in the Fluorocarbon Elastomers Industry Survey

  • High Temperature Elastomers Market by Type :

    • Silicone Elastomers

    • Fluorsilicon Elastomers

    • Fluorocarbon Elastomers

    • Perfluorocarbon Elastomers

    • Other Types

  • High Temperature Elastomers Market by Region :

    • North America High Temperature Elastomers Market

    • Latin America High Temperature Elastomers Market

    • Europe High Temperature Elastomers Market

    • APAC High Temperature Elastomers Market

    • Middle East & Africa High Temperature Elastomers Market

Winning Strategy

The players in the market are focusing on marking their business presence globally by making use of multiple marketing strategies like partnerships, acquisitions and mergers, collaborations etc. Also, the disturbances in global demand and supply market over few years is expected to provide numerous new opportunities in coming years to the players. They are focusing on constant innovation in the market to garner wider consumer base and enhance their revenue streams in coming years.

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Key players in the Fluorsilicon Elastomers Market

  • 3M Company

  • China National Bluestar Group Co. Ltd

  • Daikin Industries Ltd.

  • Dow Corning Corporation

  • DuPont de Nemours Inc

  • KCC Corporation

  • Momentive Performance Materials Inc.

Key Takeaways from Fluorsilicon Elastomers Market Study

  • The global high temperature elastomers market is assessed at USD 12.9 billion in 2022 and is projected to register 7.1% CAGR during the forecast period to reach USD 25.5 billion by the end of 2032

  • The market for high temperature elastomers is projected to grow at a CAGR of 7.1% in the forecast period of 2022-2032

  • On the basis of type, silicone elastomer is likely to grow at a CAGR of 7.9% in the forecast of 2022-2032

  • Segmentation of market on the basis of type reveals that fluorsilicon and perfluorocarbon elastomers are likely to grow at a CAGR of 7.4% and 5.3% in 2022-2032

  • Segmentation on the basis of region reveals that Asia Pacific region is poised to grow at a CAGR of 8.5% in global market, higher than any other segment under region, during the forecast period of 2022-2032

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