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High Temperature Elastomers Industry | Market Size, Value, Trend And Outlook 2023
High Temperature Elastomers Market Overview:
High Temperature Elastomers find usage in some of the end use industries such as building & construction, automotive & transportation, industrial machinery, healthcare, electrical & electronics, consumer goods, and others. The high temperature elastomers market is predicted to witness moderate growth due to their unique properties along with excellent usage in numerous end use industries specifically in automotive and transportation, electrical & electronics, and others.
Among the end use industries segment, in 2016, automotive & transportation accounted for the largest end use industries segment and is projected to retain their dominance owing to the continuous growth of transportation industry in emerging economies. The factors attributed to the market growth are increasing construction activities in developing countries, continuous growth of healthcare sector, and high adoption rate in heavy industries. In addition, increasing tourism activities in emerging economies and rising aviation sector coupled with high temperature elastomers based products ...
... is predicted to fuel the growth of the market over the assessment period.
Top Key Players:
China National Bluestar Co. Ltd
Daikin Industries Ltd
Dow Corning Corporation
Wacker Chemie Ag
Shin-Etsu Chemical Co., Ltd
Industry/ Innovation/ Related News:
February 2018- Eagle Elastomer Inc. announced to expand their fluoroelastomer compounds manufacturing facility at their Peninsula facility. The company is expected to invest around USD 1.25 million in the project with aim is to meet the increasing demand for high performance products across the globe.
November 2017- Royal DSM, a Dutch Chemicals Company announced to expand their high performance plastic manufacturing in Europe, to meet the rising demand for high temperature elastomers among the various end users. With this capacity expansion the company’s aim is to enhancing long term position in high performance plastics market.
The High Temperature Elastomers report has analysed the degree of competition among the major manufacturers in high temperature elastomers market as well as sector growth and market scenario. The global high temperature elastomers market comprises of broad range of producers operating in the market which comprises of medium level and large scale manufacturers.
Some of the key players of high temperature elastomers which has strong hold in the market have shifted their focus towards growth association specifically by Asia Pacific as moderate level and high level suppliers belongs to this province specifically from South Korea, the Philippines, Malaysia, Taiwan, Japan, Australia, China, India, and Thailand. In addition, the key operating players of high temperature elastomers are observed to follow various strategic plans to enhance their product portfolio such as distribution agreements, joint ventures, product launches, strategic acquisition, and mergers, and exclusive agreements. Major manufacturers in this market are projected to enhance their manufacturing capacity of high temperature elastomers to meet the rising demand for high temperature elastomers across the globe.
The global High Temprature Elastomers Market is spanned across five key regions: Asia Pacific, North America, Europe, Latin America, and the Middle East & Africa. Among these, Asia Pacific holds a major share of the market and is expected to be the fastest growing region at an exponential CAGR. The presence of the most populated countries of the world such as India and China has augmented the demand for various sectors such as the transportation, construction and manufacturing among others, which, in turn, is anticipated to fuel the demand for High Temprature Elastomers in the region. Moreover, the growing oil and gas activities is also expected to add to the demand for fire resistant apparels and materials in the region.
The European region is estimated to witness a significant growth owing to the implementation of stringent work safety regulations. The growing adoption rate are other factors contributing to the growth of the market. Major countries attributing to growth of the European market are Germany, France, Italy, and U.K.
The North American High Temprature Elastomers market is mainly driven by the U.S. and Canada. The presence of the developed end-user industries coupled with the increasing adoption rate is contributing significantly to the growth of the market. Moreover, the growth in the R&D activities to develop environmentally sustainable fire resistance fabrics has brought in new opportunities, which is expected to positively affect the market growth.
High Temprature Elastomers market manufacturers
Traders and Distributors of High Temprature Elastomers market
Production Process Industries
Raw Material Suppliers
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