Better
properties of high-temperature elastomers compared to other types, coupled with
their growing use in automotive and other industries, are driving the growth of
the high temperature elastomers market.
Globally, the domain accounted for a revenue of $9,991.7 million in 2017 and is
predicted to grow to $14,951.4 million by 2023, advancing at a CAGR of 7.0%
during the analysis period (2018–2023).
the high temperature elastomers market is classified into perfluorocarbon, fluorocarbon, silicone, fluorosilicone, and others. Among these, in 2017, silicone was the largest category with a revenue contribution of more than 65.0% in the market. Due to its possession of elastic properties which are unaffected by extreme conditions, the requirement for silicone elastomers from the automotive and construction industries increased.
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the high temperature elastomers market is classified into perfluorocarbon, fluorocarbon, silicone, fluorosilicone, and others. Among these, in 2017, silicone was the largest category with a revenue contribution of more than 65.0% in the market. Due to its possession of elastic properties which are unaffected by extreme conditions, the requirement for silicone elastomers from the automotive and construction industries increased.
Request to get the report sample pages at : https://www.psmarketresearch.com/market-analysis/high-temperature-elastomers-market/report-sample
In
the construction industry, these are used as a structural glazing material and sealant,
while the automotive industry uses elastomers for vibration dampers and cure -place
gaskets.
Based
on the application, automobile and
transportation, industrial machinery, healthcare, consumer products, and others
are the categories of the high
temperature elastomers market. In
2017, automobile and transportation held the
largest sales volume share of more than 40.0% in the market. Automotive, transportation,
and aerospace industries are increasingly using these elastomers, as these can survive
extreme temperatures and have fine solvent and chemical resistance.
On
a global ground, Asia-Pacific (APAC) is expected to be the fastest-growing market,
registering a revenue CAGR of 7.4% during the analysis period. The growth of
the high temperature elastomers market in
APAC is backed by the presence of several end-use industries, rise in
construction activities, and rapid economic growth. Moreover, China and India
are predicted to drive the market, owing to the expanding industrial base in
these countries.
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High-temperature
elastomers offer better heat-resistance of up to 200°C, enhanced seal
integrity, high temperature stability, improved mechanical properties, extremely
high performance, good chemical resistance, and excellent thermal resistance, compared
to normal elastomers. These are used in many industries, such as transport, oil
and gas, electrical, healthcare, and consumer goods, either independently or as
an additive. For instance, in the transport sector, it is mainly used in the
manufacturing of tires, specialty rubber, and seat covers.
Further,
due to rapid urbanization and industrialization in developing countries, such
as China and India, the high temperature
elastomers market is expected to progress. These countries are expected to create
various opportunities for the market players due to the growing industrial
base.
Hence,
owing to the various applications of elastomers in different industries, the high temperature elastomers market is
projected to flourish in the near future.
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