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"
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.
To learn more about Silicone Elastomers Market, you can get in touch with our Analyst at https://www.factmr.com/connectus/sample?flag=AE&rep_id=7347
Key Segments Covered in the Fluorocarbon Elastomers Industry Survey
High Temperature Elastomers Market by Type :
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
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.
Get Customization on Perfluorocarbon Elastomers Market Report for Specific Research Solutions
Key players in the Fluorsilicon Elastomers Market
China National Bluestar Group Co. Ltd
Daikin Industries Ltd.
Dow Corning Corporation
DuPont de Nemours Inc
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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