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High Temperature Elastomers Market

High Temperature Elastomers Market

High Temperature Elastomers Market Analysis By Type (Silicone, Fluorsilicon, Fluorocarbon, Perfluorocarbon Elastomers), By Region - Global Forecast 2022-2032

High Temperature Elastomers Market
FACT7347MR

High Temperature Elastomers Market Outlook (2022-2032)

The global high temperature elastomers market was assessed at around US$ 12.3 billion in 2021, registering Y-o-Y growth of 5%.

Sales of high temperature elastomers are projected to increase at a healthy CAGR of 7.1% and top a market valuation of US$ 25.5 billion by 2032.

Report Attributes

Details

High Temperature Elastomers Market Size (2021A)

US$ 12.3 Billion

Estimated Market Value (2022E)

US$ 12.9 Billion

Forecasted Market Value (2032F)

US$ 25.5 Billion

Global Market Growth Rate (2022-2032)

7.1% CAGR

North America Market Share (2021)

~38%

North America Growth Rate (2022-2032)

7.2% CAGR

United States Growth Rate (2022-2032)

7.3% CAGR

Key Companies Profiled

  • 3M Company
  • China National Bluestar Group Co. Ltd
  • Daikin Industries Ltd.
  • Dow Corning Corporation
  • DuPont de Nemours Inc
  • KCC Corporation
  • Momentive Performance Materials Inc.
  • Shin-Etsu Chemical Co., Ltd
  • Solvay S.A.
  • Wacker Chemie AG 

The market is likely to grow on the back of rising application of high temperature elastomers in the automotive, industrial, electrical & electronics, consumer goods, and healthcare sectors.

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Demand Analysis of High Temperature Elastomers (2017-2021) Vs. Market Growth Forecasts (2022-2032)

Growth of the global high temperature elastomers market is driven by escalated adoption in the automotive industry. High temperature elastomers possess superior strength, excellent impact resistance, ease of recyclability, process ability, good vibration damping, and low raw material cost, coupled with infinite shelf life.

All these advantages of high temperature elastomers make them easier to be used in a wide range of applications such as transportation, automotive, sports, building construction, electronic industry, oil and gas, medical, etc.

They are also used in the aerospace industry, which requires lightweight high-strength materials for the interior and exterior parts of an airplane.

  • Short-run (2022 Q2 to 2025): Owing to unique capabilities and numerous benefits, usage in diverse applications is likely to drive demand and growth in the short-run.
  • Medium-run (2025-2028): In the medium-term, demand is anticipated to grow on the back of rising application of high temperature elastomers in end-use sectors such as aerospace, automotive, electrical and electronics, building and construction, etc.
  • Long-run (2028-2032): In the long run, the market is anticipated to observe moderate growth because of technological developments in the automotive industry, leading to popularity of high temperature elastomers.

Fact.MR projects the high temperature elastomers market to expand at 7.1% CAGR between 2022 and 2032, in comparison to a CAGR of 5% from 2017 and 2021.

Polymers possessing elasticity and viscosity, as well as weak intermolecular forces, are known as elastomers. Once the deforming force is removed, the elastic property helps elastomers maintain their original shape.

Elastomer monomers are made up of oxygen, carbon, hydrogen, and silicon. These monomers combine to make elastomeric polymers. Thermosetting and thermoplastic characteristics are both present in elastomers. Thermoplastic elastomers are a type of polymer that melts at a particular temperature.

At high temperatures, thermosetting elastomers do not melt. High temperature elastomers are usually referred to as thermosetting elastomers. High temperature elastomers do not melt; instead, at high temperatures, they become gaseous. In general, high temperature elastomers are insoluble in ordinary solvents such as water, and are also chemically inactive, making them chemically-resistant and anti-corrosive.

Tires, seat coverings, and other rubber items made from high temperature elastomers are widely employed in vehicle and transportation industries. High temperature elastomers include fluorocarbon elastomers, fluorosilicone elastomers, silicone elastomers, and perfluorocarbon elastomers, to name a few.

Other important industries that use these chemicals include electrical and electronics, industrial machinery, consumer goods, and healthcare.

High temperature elastomers market forecast by Fact.MR

This image provides market share analysis of elastomer types and regions in a nutshell. Under the types, the silicone segment dominated the market by holding 53.9% share in 2021.

How are Sales of High Temperature Elastomers Being Driven?

“Escalating High Temperature Elastomer Demand from Automobile & Aircraft Sectors”

Smaller auto engines that are more fuel-efficient are making things more necessary under the hood in the automotive industry. Global demand for reliable energy supply is stretching maintenance intervals in the energy industry.

  • The most widely specified elastomer in the automotive sector is Vamac® ethylene acrylic elastomer (AEM).

High temperature elastomers are widely employed in a variety of other industries, including oil and gas, electrical, transportation, aerospace, and healthcare. The global high temperature elastomers market is rapidly developing due to all of these added features of elastomers.

“Growing Industrialization & Urbanization in Developing Regions Fueling Market Growth”

Due to their use in numerous industries such as automotive, consumer products, and electronics, demand for high temperature elastomers is growing in emerging countries. Because of solid economic growth and fast industrialization and urbanization in these nations, manufacturers are encouraging the use of these elastomers for these industries through ads and campaign activities.

In addition, the burgeoning construction sector and automotive industry in developing nations are driving demand for these elastomers, resulting in prospects for growth for market players.

Country-wise Analysis

Why Does the U.S. Enjoy Notable High Temperature Elastomers Market Share?

The United States high temperature elastomers market is expected to account for a significant portion of the global market share for high temperature elastomers. The United States currently accounts for 38.1% market share in North America, and is expected to garner an absolute opportunity of US$ 5.2 billion during the assessment period.

Uptake in the automotive and aviation sector, increase in construction work, and expansion of oil gas infrastructure have led to an increase in demand for silicone and fuorsilicon elastomers in in the country.

Why is China Seeing Increasing Demand for High Temperature Elastomers?

The China high performance synthetic rubber material business has grown fast from small-scale to large-scale after more than 40 years of rapid development. Development of synthetic rubber material technology in China has entered the 4.0 age, with new theories and techniques such as intelligence, digitalization, networking, and modularization being implemented.

The synthetic rubber business in China is gradually developing toward high-end, environmentally-friendly, and intelligent production. It is widely employed in industry, national defence, transportation, and everyday life.

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Category-wise Analysis

Which Application Will Drive Most High Temperature Elastomer Sales?

The automotive and industrial sectors have created plentiful opportunities for manufactures of high temperature elastomers to increase their production capacities over the past few years.

Silicone and fluorsilicon elastomers are the most lucrative elastomer types in terms of product adoption and scalability. These application segments are estimated to generate a value of US$ 14.8 billion and US$ 4.6 billion, expanding at CAGRs of 7.9% and 7.4% over the decade, respectively.

In addition, other application segments of high temperature elastomers, such as in oil & gas industries and healthcare, are accredited to push market development in the near future.

Why are Silicone High Temperature Elastomers Hugely Popular?

The silicone elastomers market captured around 53.9% market share in 2021, and is set to surge at a CAGR of 7.9% through 2032.

Silicone improves the efficiency, durability, and execution of solar panels and photovoltaic devices, which makes them cost-effective. Silicone's high thermal strength and superior dielectric properties allow its use in various electrical transmission applications.

Caulks and silicone sealants are also used to reduce energy usage and prevent damage from moisture and bacteria buildup. As silicone can withstand stress and extreme temperature, it is also used in aviation for various purposes.

Silicone elastomer materials provide essential benefits in sectors such as healthcare, aerospace, automobile, electrical & electronics, construction, and others.

Top Companies in High temperature Elastomers Market

The global market for high temperature elastomers is highly competitive and fragmented in nature, owing to the presence of numerous local as well as international players. Manufacturers are focusing on marketing strategies such as collaborations, partnerships, mergers, and acquisitions to enhance their market share pie and widen their consumer base.

In addition, they are focusing on new product development as a strategic approach to expand their market presence and enhance their revenue streams.

  • Momemtive Performance Materials, Inc. announced the acquisition of the silicone business of KCC Corporation in January 2021. This acquisition is likely to strengthen its global capabilities in advanced silicone.

Fact.MR has provided detailed information about the price points of key manufacturers in the high temperature elastomers market positioned across regions, sales growth, production capacity, and speculative technological expansion, in the recently published report.

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High Temperature Elastomers Industry Research by Category

  • High Temperature Elastomers Market by Type :

    • Silicone Elastomers
    • Fluorsilicon Elastomers
    • Fluorocarbon Elastomers
    • Perfluorocarbon Elastomers
    • Other Types
  • High Temperature Elastomers Market by Region :

    • North America High Temperature Elastomers Market
    • Latin America High Temperature Elastomers Market
    • Europe High Temperature Elastomers Market
    • APAC High Temperature Elastomers Market
    • Middle East & Africa High Temperature Elastomers Market

- FAQs -

The global high temperature elastomers market is worth US$ 12.9 billion in 2022.
High temperature elastomer demand is expected to surpass US$ 25.5 billion by 2032-end.
During 2017-2021, global sales of high temperature elastomers increased at 5% CAGR.
Prominent suppliers of high temperature elastomers market are 3M Company, China National Bluestar Group Co., Dow Corning Corporation, and KCC Corporation.
North America leads the global high temperature elastomers market accounting for 38.1% share in 2022.
Silicone elastomers account for 57.9% share of global consumption of high temperature elastomers.

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