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Global high temperature elastomer market forecast to reach $1.725 billion by 2022
Editor:Lisa Tan  Post Time:2017-05-08  Click:

Global high temperature elastomer market forecast to reach $1.725 billion by 2022


Hunan Yixiang Technology has a history of more than 20 years, and we are specialized in producing organic peroxides, such as BIPB(Cas NO.:25155-25-3), DHBP(Cas NO.:78-63-7), TMCH(Cas NO.:6731-36-8), co-crosslinking agent TAIC(Cas NO.:1025-15-6) and flame retardent TBC(Cas NO.:52434-90-9).We have fully finished REACH registration for BIPB and TAIC and maderegistration for TBC.

The global high temperature elastomers market is likely to grow from $1,062.3 million in 2015 to $1,725.4 million by 2022, according to P&S Market Research. The rapidly growing automotive industry especially in emerging economies of Asia-Pacific, Africa and Latin America is generating significant demand for high temperature elastomers. High temperature elastomers are used across various industries including automobile, transportation, oil and gas, aerospace, electrical and electronics, and healthcare. In the transportation industry, the high temperature elastomers are used for the manufacturing process of specialty rubber, tires and seat covers. As per the findings of research, the global high temperature elastomers market has been segmented into fluorocarbon elastomer, perfluorocarbon elastomer, silicone elastomer, fluorosilicone elastomers and others. The silicone elastomers segment held the largest share in the global high temperature elastomers market in 2015. The major factor driving the growth of the silicone elastomers segment is its increasing application in the electronics market owing to superior properties. In 2015, the North American region dominated the global high temperature elastomers market, in terms of volume. The growing application of high temperature elastomers in the automotive and consumer goods industry are promoting the growth of the high temperature elastomers market in the region. The major factors driving the growth of the market include growing demand and usage in the automotive and transportation industry, increasing use of high temperature elastomers in a wide range of applications and different end-user industries. In the automobile and transportation sectors, these elastomers are predominately used for the manufacturing process of specialty rubber, tires, seat covers and other materials. The research states that the global high temperature elastomers market had a consolidated structure in 2015, where the top three competitors accounted for a major share of the market. Some of the key players in the global market include The Dow Chemical Company, E.I. du Pont de Nemours and Company, Solvay S.A., Momentive Performance Materials Inc., Wacker Chemie A.G., 3M, Daikin Industries, Bluestar Silicones, RTP Company and Shin-Etsu Chemical Co. Ltd.

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