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CHEMICALS AND ADVANCED MATERIALS

High Temperature Elastomers Market Segmentation by Type (Silicone, Fluorocarbon, Perfluorocarbon, Flurosilicone and Others);and Application (Pharmaceutical (Centrifugal Pump, Tablet Processing Machines, Valves, Pumps, Gear Boxes, Vertical/Horizontal Agitators, Others) , Chromatography (Low-pressure Liquid Chromatography (LPLC) Column, High Performance Chromatography (HPLC) Column, Gas Chromatography (GC) Column, Others) – Global Demand Analysis & Opportunity Outlook 2028

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Extensive insights into the Growth of High Temperature Elastomers Market amidst COVID-19

Before we witness the stabilization of economic growth in Europe and North America, Asia Pacific is estimated to bounce back progressively with countries such as China, India, South Korea and Japan witnessing more opportunities to recover from the losses sustained during COVID-19.

Being the biggest market in Eastern Europe, Russia is estimated to take the lowest hit, offering a sigh of relief to the businesses operating in the country. Whereas, GCC is estimated to observe low investments due to the sliding prices of crude oil.

We evaluate the strategies and commitment of the Giant Players in the market towards creating products and services that customers value and rely on.

In an attempt to control and eliminate the surge of coronavirus cases and meet the demand for required medical devices along with providing efficient medical services, there is a drastic shift of investments from authoritative bodies towards the healthcare sector. Where the aftermath of this pandemic may take years to be measured, Research Nester estimates notable expansion of e-health, gaming, and media and entertainment industries till the whole situation is contained and the plan of action for the recovery process is determined. There is an estimated probability of the growth in businesses going back a year if the condition is controlled in the next 2-3 months.                                                         Request Insights

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IN THE NEWS

  • March 2021: Wacker Chemie AG announced to raise prices for its entire silicones product range. The increased prices are estimated to vary between 10 and 20 percent and became effective for material shipped from April 2021. The measure has been necessitated due to the increase in strategic raw material costs.
  • March 2021: Momentive Performance Materials Inc. announced a price increase for all specialty products. The company experiences significant inflation and tight supply in both raw materials and logistics needed to manufacture and deliver products. The price increases for all of the specialty products will range from 10 – 20% and be valid for deliveries from April 1, 2021.

Global High Temperature Elastomers Market Highlights 2019-2028

The global high-temperature elastomers market attained revenue of USD 8760.5 Million in 2019 and is estimated to garner USD 14220.7 Million in 2028 by growing at a CAGR of 6.84% over the forecast period 2021-2028. The global elastomers industry is steadily increasing on account of the increased adoption and application of elastomers in various end-use sectors such as automotive, medical, consumer goods, and others.

Elastomers are classified into diene, non-diene, and thermoplastic elastomers. Diene elastomers are derived from monomers containing two sequential double bonds. Polyisoprene, polychloroprene, and polybutadiene are typical examples of diene elastomers. Contrarily, non-diene elastomers do not have any double bonds in the structure. Therefore, cross-linking in these requires other methods than vulcanization, such as divinyl monomers and trifunctional monomers or copolymerization with small diene monomers such as butadiene. Non-diene elastomers include polysiloxanes, polyurethane, butyl rubber, and fluoro-elastomers.

Another major category for elastomers is a thermoplastic elastomer (TPE), which exhibits dual characteristics, including high elasticity of thermoset vulcanized rubber at room temperature and processability of thermoplastics at high temperature. In addition, TPEs can be repeatedly deformed, melted, and cooled without affecting the standard product quality and thus can be recycled easily.

The major driving factor for the elastomers industry is the rapidly growing demand for lightweight, high-performance materials in the automotive industry. Concurrently, regulations pertaining to replaceable PVC with a comparatively eco-friendly alternative such as TPEs in the automotive and construction industries have also strengthened the market growth.

High Temperature Elastomers Market

Global High Temperature Elastomers Market Segmentation Regional Synopsis

Regionally, the global market is segmented into five major regions comprising North America, Asia Pacific, Europe, South America, and Middle East & Africa. Among the markets in these regions, the Asia Pacific high-temperature elastomers market is estimated to hold the leading market share throughout the forecast period by attaining a revenue of 3946.6USD Million in 2019 and 7335.8 USD Million in 2028 and growing at a CAGR of 8.71%. The Asia-Pacific high-temperature elastomer market accounted for one of the largest regional markets globally. Asia-Pacific has a significantly large industry for automobile parts, pharmaceuticals, and aerospace, and the industry uses high-temperature elastomers as their raw material. These factors can be considered as the driving factors for the growth of the high-temperature elastomers market in the region. China has the second-largest pharmaceutical industry globally and is witnessing healthy growth in the coming years. Demand for high-temperature elastomers, an essential component of the pharmaceutical industry, will remain high in the country as per the current scenario. The automotive industry in the country is also the largest in the world in terms of automobile production since 2008. These factors can be considered as driving factors for the country's high-temperature elastomers market growth. Japan has a high potential market for high-temperature elastomers market. Japan is rapidly developing its medical devices market because of its increasing healthcare expenditure and growing geriatric population, with over 25% of the Japanese population older than 65. Due to the highly developed pharmaceuticals and automotive industry, demand for high-temperature elastomers will remain high in the country during the forecasted period. In India, the high-temperature elastomers market extensively depends on the pharmaceutical industry. CLICK TO DOWNLOAD SAMPLE REPORT

According to the Department of Commerce, India's pharmaceutical sector reached USD 20.03 billion in 2019 and witnessed a CAGR of 9.8%; this will subsequently drive the country's high-temperature elastomers market. South Korea, one of the leading automobile manufacturers, is considered a lucrative market for high-temperature elastomers. Many leading automobile companies such as Hyundai Motors, Kia Motors, Renault Samsung, and others are South Korean based. Australia has a very advanced industrial machinery market, and this country uses high-temperature elastomers as raw materials. Australia's healthcare expenditure also accounted for an estimated 9.28% of the country's total GDP, and the country's pharmaceutical sector accounted for more than USD 25 billion, which is estimated to aid the high-temperature elastomers market growth in the future. Vietnam is presently undergoing various demographic and economic reforms that are further expected to create multiple healthcare and pharmaceutical advancements, which will further positively impact high-temperature elastomers' demand. The country is also one of the four largest automobile manufacturers in Southeast Asia. These factors will be considered the driving factors for the growth of the country's high-temperature elastomers market.

High Temperature Elastomers Market

Growth Drivers and Challenges Impacting the Growth of the Global High Temperature Elastomers Market

Growth Drivers

  • Increasing Adoption of High Temperature Elastomers
  • Growing Application of Elastomers

Challenges

  • High Manufacturing Cost
  • Material-based Disadvantages

Global High Temperature Elastomers Market Segmentation Synopsis

The high-temperature elastomers market is segmented by type into silicone, fluorocarbon, perfluorocarbon, fluorosilicone, and others, and by application, the market is segmented into pharmaceuticals, chromatography, industrial machinery, automotive, aerospace & defense, electrical & electronics, others. Under filter type, the perfluorocarbon segment is expected to account for the highest share throughout 2019-2028.

High Temperature Elastomers MarketHigh Temperature Elastomers Market

Key Players Dominating the Market

Our report has covered detailed company profiling comprising company overview, business strategies, key product offerings, financial performance, key performance indicators, risk analysis, recent developments, regional presence, and SWOT analysis among other notable indicators for competitive positioning. Some of the prominent industry leaders in the global high temperature elastomers market that are included in our report are Wacker Chemie AG, Dow Silicone Corporation, 3M Company, Momentive Performance Materials Inc., Shin-Etsu Chemical Co., Ltd. and others.

Key Reasons to Buy Our Report

  • The report covers detailed analysis comprising market share attained by each market segment and its sub-segments.
  • It covers market dynamics including growth drivers, trends, potential opportunities, price trend analysis and challenges that impact the market growth.
  • The report includes detailed company profiles of the major players dominating the market.
  • We use effective research methodologies to calculate the market numbers and provide value-added assessment for overall growth.
  • We provide customized reports as per the clients’ requirement helping them to see possible and unexpected challenges and unforeseen opportunities in order to help them reach their goal.

FREQUENTLY ASKED QUESTIONS

Global High Temperature Elastomers Market

  1. Market Definition
    1. Market Definition
    2. Market Segmentation
    3. Product Overview
  2. Research Methodology
    1. Research process
    2. Primary research
      1. Manufacturers
      2. Suppliers
      3. Others
    3. Secondary Research
    4. Market size estimation
  3. Analyst Review
  4. Executive Summary- Global High Temperature Elastomers Market
  5. Market Lineage: Global Elastomers Market
    1. Production outlook
    2. Consumption outlook
  6. Industry Value Chain Analysis
    1. Raw material procurement
    2. Manufacturing
    3. Distribution & Supply
    4. End-user outlook
    5. List of key players across the value chain
  7. Analysis of Market Dynamics
    1. Growth drivers
    2. Market trends
    3. Growth opportunities
    4. Restraints
  8. Regulatory & standard landscape
    1. Manufacturing standards & compliances
    2. Environmental compliance
  9. Impact of COVID-19 on the Global High Temperature Elastomers Market
    1. Impact on demand
    2. Impact on the manufacturers
    3. Impact on the supply & distribution
    4. Impact on the key market players
    5. Impact on the end-users
    6. Impact on the pricing
    7. Market impact analysis in 2020 (quarter wise) w.r.t covid-19 pandemic (USD million)
  10. Competitive Structure
    1. Market share analysis, 2020   
  11. Global High Temperature Elastomers Market Outlook
    1. By value (USD million)
    2. By volume (Tons)
  12. Global High Temperature Elastomers Market Segmentation Analysis 2019-2028
    1. By  Type
      1. Silicone, 2019-2028F (USD million)
      2. Fluorocarbon, 2019-2028F (USD million)
      3. Perfluorocarbon, 2019-2028F (USD million)
      4. Fluorosilicone, 2019-2028F (USD million)
      5. Others, 2019-2028F (USD million)
    2. By  Application
      1. Pharmaceutical, 2019-2028F (USD million) (Tons)
        1. Centrifugal Pumps, 2019-2028F (USD million) (Tons)
        2. Tablet Processing Machines, 2019-2028F (USD million) (Tons)
        3. Valves, Pumps, Gear Boxes, 2019-2028F (USD million) (Tons)
        4. Vertical/Horizontal Agitators, 2019-2028F (USD million) (Tons)
        5. Others, 2019-2028F (USD million) (Tons)
      2. Chromatography, 2019-2028F (USD million) (Tons)
        1. Low-pressure Liquid Chromatography (LPLC) Column, 2019-2028F (USD million) (Tons)
        2. High Performance Chromatography (HPLC) Column, 2019-2028F (USD million) (Tons)
        3. Gas Chromatography (GC) Column, 2019-2028F (USD million) (Tons)
        4. Others, 2019-2028F (USD million) (Tons)
      3. Industrial Machinery, 2019-2028F (USD million) (Tons)
        1. Excavators, 2019-2028F (USD million) (Tons)
        2. Backhoe, 2019-2028F (USD million) (Tons)
        3. Cranes, 2019-2028F (USD million) (Tons)
        4. Graders, 2019-2028F (USD million) (Tons)
        5. Tractor, 2019-2028F (USD million) (Tons)
        6. Trenchers, 2019-2028F (USD million) (Tons)
        7. Others, 2019-2028F (USD million) (Tons)
      4. Automotive, 2019-2028F (USD million) (Tons)
        1. Tires, 2019-2028F (USD million) (Tons)
        2. Seals & Gaskets, 2019-2028F (USD million) (Tons)
        3. Vibration Damping, 2019-2028F (USD million) (Tons)
        4. Windshield Wipers, 2019-2028F (USD million) (Tons)
        5. Others, 2019-2028F (USD million) (Tons
      5. Aerospace & Defense, 2019-2028F (USD million) (Tons)
      6. Electrical & Electronics, 2019-2028F (USD million) (Tons)
      7. Others, 2019-2028F (USD million) (Tons)
  13. Global High Temperature Elastomers Market, By Region, 2019-2028
    1. North America, 2019-2028F (in USD Million) (Tons)
    2. Europe, 2019-2028F (in USD Million) (Tons)
    3. Asia Pacific, 2019-2028F (in USD Million) Tons)
    4. Latin America, 2019-2028F (in USD Million) (Tons)
    5. Middle East & Africa, 2019-2028F (in USD Million) (Tons)
  14. Cross analysis of type w.r.t. application
    1. Pharmaceutical, 2019-2028F (USD)
      1. Centrifugal Pump, 2019-2028F (USD million)
        1. Silicone, 2019-2028F (USD million)
        2. Fluorocarbon, 2019-2028F (USD million)
        3. Perfluorocarbon, 2019-2028F (USD million)
        4. Fluorosilicone, 2019-2028F (USD million)
        5. Others, 2019-2028F (USD million)
      2. Tablet Processing Machines, 2019-2028F (USD million)
        1. Silicone, 2019-2028F (USD million)
        2. Fluorocarbon, 2019-2028F (USD million)
        3. Perfluorocarbon, 2019-2028F (USD million)
        4. Fluorosilicone, 2019-2028F (USD million)
        5. Others, 2019-2028F (USD million)
      3. Valves, Pumps, Gear Boxes, 2019-2028F (USD million)
        1. Silicone, 2019-2028F (USD million)
        2. Fluorocarbon, 2019-2028F (USD million)
        3. Perfluorocarbon, 2019-2028F (USD million)
        4. Fluorosilicone, 2019-2028F (USD million)
        5. Others, 2019-2028F (USD million)
      4. Vertical/Horizontal Agitators, 2019-2028F (USD million)
        1. Silicone, 2019-2028F (USD million)
        2. Fluorocarbon, 2019-2028F (USD million)
        3. Perfluorocarbon, 2019-2028F (USD million)
        4. Fluorosilicone, 2019-2028F (USD million)
        5. Others, 2019-2028F (USD million)
      5. Others, 2019-2028F (USD million)
        1. Silicone, 2019-2028F (USD million)
        2. Fluorocarbon, 2019-2028F (USD million)
        3. Perfluorocarbon, 2019-2028F (USD million)
        4. Fluorosilicone, 2019-2028F (USD million)
        5. Others, 2019-2028F (USD million)
    2. Chromatography, 2019-2028F (USD million)
      1. Low-pressure Liquid Chromatography (LPLC) Column, 2019-2028F (USD million)
        1. Silicone, 2019-2028F (USD million)
        2. Fluorocarbon, 2019-2028F (USD million)
        3. Perfluorocarbon, 2019-2028F (USD million)
        4. Fluorosilicone, 2019-2028F (USD million)
        5. Others, 2019-2028F (USD million)
      2. High Performance Chromatography (HPLC) Column, 2019-2028F (USD million)
        1. Silicone, 2019-2028F (USD million)
        2. Fluorocarbon, 2019-2028F (USD million)
        3. Perfluorocarbon, 2019-2028F (USD million)
        4. Fluorosilicone, 2019-2028F (USD million)
        5. Others, 2019-2028F (USD million)
      3. Gas Chromatography (GC) Column, 2019-2028F (USD million)
        1. Silicone, 2019-2028F (USD million)
        2. Fluorocarbon, 2019-2028F (USD million)
        3. Perfluorocarbon, 2019-2028F (USD million)
        4. Fluorosilicone, 2019-2028F (USD million)
        5. Others, 2019-2028F (USD million)
      4. Others, 2019-2028F (USD million)
        1. Silicone, 2019-2028F (USD million)
        2. Fluorocarbon, 2019-2028F (USD million)
        3. Perfluorocarbon, 2019-2028F (USD million)
        4. Fluorosilicone, 2019-2028F (USD million)
        5. Others, 2019-2028F (USD million)
    3. Industrial Machinery, 2019-2028F (USD million)
      1. Excavators, 2019-2028F (USD million)
        1. Silicone, 2019-2028F (USD million)
        2. Fluorocarbon, 2019-2028F (USD million)
        3. Perfluorocarbon, 2019-2028F (USD million)
        4. Fluorosilicone, 2019-2028F (USD million)
        5. Others, 2019-2028F (USD million)
      2. Backhoe, 2019-2028F (USD million)
        1. Silicone, 2019-2028F (USD million)
        2. Fluorocarbon, 2019-2028F (USD million)
        3. Perfluorocarbon, 2019-2028F (USD million)
        4. Fluorosilicone, 2019-2028F (USD million)
        5. Others, 2019-2028F (USD million)
      3. Cranes, 2019-2028F (USD million)
        1. Silicone, 2019-2028F (USD million)
        2. Fluorocarbon, 2019-2028F (USD million)
        3. Perfluorocarbon, 2019-2028F (USD million)
        4. Fluorosilicone, 2019-2028F (USD million)
        5. Others, 2019-2028F (USD million)
      4. Graders, 2019-2028F (USD million)
        1. Silicone, 2019-2028F (USD million)
        2. Fluorocarbon, 2019-2028F (USD million)
        3. Perfluorocarbon, 2019-2028F (USD million)
        4. Fluorosilicone, 2019-2028F (USD million)
        5. Others, 2019-2028F (USD million)
      5. Tractor, 2019-2028F (USD million)
        1. Silicone, 2019-2028F (USD million)
        2. Fluorocarbon, 2019-2028F (USD million)
        3. Perfluorocarbon, 2019-2028F (USD million)
        4. Fluorosilicone, 2019-2028F (USD million)
        5. Others, 2019-2028F (USD million)
      6. Trenchers, 2019-2028F (USD million)
        1. Silicone, 2019-2028F (USD million)
        2. Fluorocarbon, 2019-2028F (USD million)
        3. Perfluorocarbon, 2019-2028F (USD million)
        4. Fluorosilicone, 2019-2028F (USD million)
        5. Others, 2019-2028F (USD million)
      7. Others, 2019-2028F (USD million)
        1. Silicone, 2019-2028F (USD million)
        2. Fluorocarbon, 2019-2028F (USD million)
        3. Perfluorocarbon, 2019-2028F (USD million)
        4. Fluorosilicone, 2019-2028F (USD million)
        5. Others, 2019-2028F (USD million)
    4. Automotive, 2019-2028F (USD million)
      1. Tires, 2019-2028F (USD million)
        1. Silicone, 2019-2028F (USD million)
        2. Fluorocarbon, 2019-2028F (USD million)
        3. Perfluorocarbon, 2019-2028F (USD million)
        4. Fluorosilicone, 2019-2028F (USD million)
        5. Others, 2019-2028F (USD million)
      2. Seals & Gaskets, 2019-2028F (USD million)
        1. Silicone, 2019-2028F (USD million)
        2. Fluorocarbon, 2019-2028F (USD million)
        3. Perfluorocarbon, 2019-2028F (USD million)
        4. Fluorosilicone, 2019-2028F (USD million)
        5. Others, 2019-2028F (USD million)
      3. Vibration Damping, 2019-2028F (USD million)
        1. Silicone, 2019-2028F (USD million)
        2. Fluorocarbon, 2019-2028F (USD million)
        3. Perfluorocarbon, 2019-2028F (USD million)
        4. Fluorosilicone, 2019-2028F (USD million)
        5. Others, 2019-2028F (USD million)
      4. Windshield Wipers, 2019-2028F (USD million)
        1. Silicone, 2019-2028F (USD million)
        2. Fluorocarbon, 2019-2028F (USD million)
        3. Perfluorocarbon, 2019-2028F (USD million)
        4. Fluorosilicone, 2019-2028F (USD million)
        5. Others, 2019-2028F (USD million)
      5. Others, 2019-2028F (USD million)
        1. Silicone, 2019-2028F (USD million)
        2. Fluorocarbon, 2019-2028F (USD million)
        3. Perfluorocarbon, 2019-2028F (USD million)
        4. Fluorosilicone, 2019-2028F (USD million)
        5. Others, 2019-2028F (USD million)
    5. Aerospace & Defense, 2019-2028F (USD million)
      1. Silicone, 2019-2028F (USD million)
      2. Fluorocarbon, 2019-2028F (USD million)
      3. Perfluorocarbon, 2019-2028F (USD million)
      4. Fluorosilicone, 2019-2028F (USD million)
      5. Others, 2019-2028F (USD million)
  15. Electrical & Electronics, 2019-2028F (USD million)
    1. Silicone, 2019-2028F (USD million)
    2. Fluorocarbon, 2019-2028F (USD million)
    3. Perfluorocarbon, 2019-2028F (USD million)
    4. Fluorosilicone, 2019-2028F (USD million)
    5. Others, 2019-2028F (USD million)
  16. Others, 2019-2028F (USD million)
    1. Silicone, 2019-2028F (USD million)
    2. Fluorocarbon, 2019-2028F (USD million)
    3. Perfluorocarbon, 2019-2028F (USD million)
    4. Fluorosilicone, 2019-2028F (USD million)
    5. Others, 2019-2028F (USD million)

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