Thermosetting elastomers are commonly known as high temperature elastomers,
which are an important class of materials and are used in a wide variety of
applications. These elastomers do not melt and are converted into gaseous state
at high temperatures. High temperature elastomers are generally insoluble in
solvents such as water, also the chemical makes them chemical resilient and
anti-corrosive in nature.
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The global market is estimated and forecasted in terms of revenue (USD
million) generated by the high temperature elastomers market.
The global high temperature
elastomers market is witnessing sustainable growth owing to increasing
demand from the automotive industry. Rapidly growing automotive sector in
developing economies and augmented demand for high-performance automobile &
transportation products are expected to contribute to the growth of this
market. Furthermore, the overall market is also being propelled by rising
construction output and manufacturing activities worldwide. Furthermore,
development of new grades of high temperature elastomers is expected to provide
growth opportunities to this market in coming years. However, the global market
is hindered by high production and switching costs associated with high
temperature elastomers products.
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- · The report analyses the global high temperature elastomers market based on type, application and geography.
- · Based on type, the market is segmented into fluorocarbon elastomer, perfluorocarbon elastomer, silicone elastomer, fluorosilicone elastomers and others (nitrile and polyacrylate).
- · The silicone elastomer accounted for the largest market share of the high temperature elastomers market in 2017.
- · This growth is attributed to wide usage of silicone elastomers in construction and automotive industries globally.
- · They are used as sealant, structural glazing material, and find applications in cure place gasket and vibration dampers.
- · Based on application, the global high temperature elastomers market is divided into electrical & electronics, healthcare, consumer goods, industrial machinery, transportation and others (construction and chemical processing).
- · The transportation segment accounted for the largest application of high temperature elastomers market in 2017.
- · This segment has witnessed steady growth due to increasing global output of motor vehicles and industrial machinery equipment.
- · They are used in transportation industry to manufacture tires, seat covers and other rubber products. Furthermore, the others segment is anticipated to create substantial incremental opportunity during the estimate period, owing to the increasing use of high temperature elastomers in building and construction machinery.
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