The global high temperature elastomers market is expected to generate revenue of USD 16.8 billion by 2024 and is further anticipated to witness CAGR of 7.2% during the forecast period. Elastomers posses elastic and viscosity properties and are considered to be a bundle of polymers. The high temperature elastomers that comprises of properties such as chemical, corrosion and thermal resistance among others are known as thermosetting elastomers. These thermosetting elastomers are extensively being used in many industries such as electronics, transportation, building & construction, oil& gas and electrical.
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increasing investment avenues in technological advancements along with utilization of these elastomers in oil & gas and other industries in several countries such as Saudi Arabia, Morocco, UAE, and Dubai and in Middle East and Africa have further bolstered the growth of global high temperature elastomers market. Additionally, rampant growth of these elastomers in the consumer goods, healthcare, automobile and manufacturing domain in South American countries are pertaining towards the growth of this market.
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Some of the major players operating in the global high temperature elastomers market include KCC Corporation, Dow Corning Corporation, Momentive Performance Materials Inc., Wacker Chemie AG, Solvay S.A., Daikin Industries, Ltd., 3M Company, RTP Company, The Chemours Company, and Shin-Etsu Chemical Co., Ltd.
Global High Temperature Elastomers Market Coverage
Type Insight and Forecast 2014 – 2024
Application Insight and Forecast 2014 – 2024
- Semiconductor & Electronics
- Automobile & Transportation
- Industrial Machinery
- Consumer Products
High-Temperature Elastomers Market by Region
- Rest of Europe
- South Korea
- Rest of Asia-Pacific
Rest of the World (RoW)
- South Africa
- Saudi Arabia
- Rest of RoW