The High-Temperature Elastomers Market is expected to grow USD 23.4 billion at a CAGR of around 5.2% by 2032.Asia Pacific holds a major share of the market and is expected to be a dominant market with an 3.80% CAGR during the forecast period.Elastomers are a class of polymers that possess viscosity and elastic properties. They usually retain their shape once the external force is removed. Thermoplastic elastomers are polymers that melt at specific temperatures whereas thermosetting elastomers can withstand extreme temperatures. Thermosetting elastomers also known as high temperature elastomers that possess properties such as chemical, thermal and corrosion resistance among others. These properties makes the use of high temperature elastomers in many end-user industries such as transportation, electrical and electronics, building and construction, and oil& gas. The growing industrialization and urbanization in the developing regions throughout the globe is expected to boost the market during the forecast years. The growing demand from the transportation industry mainly automobile and aircrafts is expected to substantially contribute to the growth of the market. However, the high cost associated with the production of high temperature elastomers can act as a major restraint that can hamper the growth of the market during the forecast years.
Among the various product type in high-temperature elastomers market, the silicone elastomer is the leading segment of the market and is anticipated to continue its dominance over the forecast period. The favorable mechanical and chemical properties of the product are attributing to the growth of the segment. The growing use of silicone elastomer in automotive components and electrical and electronic, and healthcare components are expected to further surge the market growth. Among the end user industry, automotive followed by aviation is expected to be the largest segment and is expected to grow at a considerable CAGR during the forecast years.
The Global high-temperature elastomers market share by end-use industry.
Source: MRFR analysis
The high-temperature elastomers market is segmented across five regions: Asia Pacific, North America, Europe, Latin America, and the Middle East & Africa. Among these, The rapid growth of industries and urbanization is fuelling the growth of high-temperature elastomers in the developing countries of Asia Pacific. Moreover, the favorable government regulation in the region has attracted many industry players to enter the lucrative market of Asia Pacific, which, in turn, is fuelling the market growth. Furthermore, the presence of most populated countries such as India and China has augmented the construction and automobile sector which, is further contributing to the market growth. China, India, and Japan are the largest consumers of high-temperature elastomers in this region. North America is another dominant region in the global high-temperature elastomers. The developed end-user industries such as construction, transportation, and electronics among others are significantly driving the market growth. Moreover, the newly elected government has brought in a new wave of investment in development and renovation of residential and commercial infrastructure, which is expected to boost the demand for high-temperature elastomers in the construction industry.
Europe is a lucrative market and is driven by the developed electrical & electronics, healthcare, and automobile sector. Moreover, the developed automobile sector coupled with the increasing infrastructural development is the major factor attributing to the growth of the market. In addition to this, the stringent government regulations to reduce green house emissions has further propelled the use of high-temperature elastomers in cars, which is significantly driving the market growth in the region.
The global high-temperature elastomers market is segmented into product type and end-user industry. On the basis of the product type, the global high-temperature elastomers market is segmented into silicone elastomers, fluorocarbon elastomers, fluorosilicone elastomers, perfluoro elastomers, and others. On the basis of the end use industry, the market is further segmented into automotive, aviation, industrial machinery, healthcare, electrical and electronics, building and construction, and others.
The report covers brief analysis of the major geographic regions namely Asia Pacific, Europe, North America, Latin America, and the Middle East & Africa.
Recent News
March 2024- ARLANXEO, a big multinational specializing in high-performance elastomers, showcased their latest eco-friendly rubber ranges at the India Rubber Expo 2024. This move indicates the company’s commitment to offering top-quality products and services for Indian consumers as well as throughout Asia-Pacific region.
February 2024- In order to accommodate customers’ substantial expansion rates, particularly into the consumer goods and sports fields, Arkema increased its global manufacturing capacity of Pebax® elastomers by 40% at the Serquigny plant located in France.
December 2023 (Acquisition) - GEON Performance Solutions announced the acquisition of PolymaxTPE, a manufacturer of high-standard thermoplastic elastomer (TPE) materials. These materials serve different industries in North America, Asia and Europe. PolymaxTPE operates two full-service manufacturing facilities located in Nantong, Jiangsu, China and Waukegan, Illinois, USA.
Intended Audience
| Report Attribute/Metric | Details |
| Market Size | 2030 : USD 23.4 billion |
| CAGR | 5.2% (2020–2030) |
| Base Year | 2023 |
| Forecast Period | 2024 to 2032 |
| Historical Data | 2019 & 2020 |
| Forecast Units | Value (USD billion) |
| Report Coverage | Revenue Forecast, Competitive Landscape, Growth Factors, and Trends |
| Segments Covered | By Product Type, End-Use Industry and Region |
| Geographies Covered | North America, Europe, Asia-Pacific, and Rest of the World (RoW) |
| Key Vendors | Dow Corning Corporation (U.S.), Wacker Chemie Ag( Germany), Momentive (U.S.), Shin-Etsu Chemical Co., Ltd (Japan), China National Bluestar (Group) Co. Ltd (China), Daikin Industries Ltd (Japan), DuPont (U.S), KCC Corporation (South Korea), Solvay S.A (Belgium), 3M Company (U.S.) |
| Key Market Opportunities | The growing demand from the transportation industry mainly automobile and aircrafts is expected to substantially contribute to the growth |
| Key Market Drivers | The growing industrialization and urbanization in the developing regions throughout the globe |
High Temperature Elastomers Market Highlights:
Frequently Asked Questions (FAQ) :
The forecast period for High Temperature Elastomers Market research report is 2024-2032.
High Temperature Elastomers Market is dominated by APAC region.
The major players are Dow Corning Corporation (U.S.), Wacker Chemie Ag( Germany), Momentive (U.S.), Shin-Etsu Chemical Co., Ltd (Japan), China National Bluestar (Group) Co. Ltd (China), Daikin Industries Ltd (Japan), DuPont (U.S), KCC Corporation (South Korea), Solvay S.A (Belgium), 3M Company (U.S.)
The High-Temperature Elastomers Market is expected to grow USD 23.4 billion at a CAGR of around 5.2% by 2030
$23.4 Billion
5.2%
Asia Pacific
2022 - 2030
Research Analyst Level I In her 3 years of experience in the market research field, she has handled critical cross-domain projects. she has an in-depth knowledge of market estimation & analysis, problem-solving, primary as well as secondary research, and team management.she holds an engineering degree and is an mba professional from a well-known university, capable of evaluating the market and competitive conditions. an exceptional strategist with excellent communication skills and a passion for delivering cutting-edge & practical insights for the market. proficient in multi-tasking, and can successfully deal with competing demands, while maintaining complete confidentiality. generated business through active client and project development, networking, and high-quality responses. her knowledge and skills have helped in making solid business decisions, securing funding from investors, and avoiding business failures.
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