Performance Elastomers Market - Global Industry Size, Share, Trends, Opportunity, and Forecast, 2018-2028 Segmented By Type (Nitrile-Based, Silicone-Based, Fluoroelastomers, Others), By End Use (Automotive & Transportation, Building & Construction, Others), By Region and Competition
Published Date: December - 2024 | Publisher: MIR | No of Pages: 320 | Industry: Chemicals | Format: Report available in PDF / Excel Format
View Details Buy Now 2890 Download Sample Ask for Discount Request CustomizationPerformance Elastomers Market - Global Industry Size, Share, Trends, Opportunity, and Forecast, 2018-2028 Segmented By Type (Nitrile-Based, Silicone-Based, Fluoroelastomers, Others), By End Use (Automotive & Transportation, Building & Construction, Others), By Region and Competition
In 2021,
The market's demand for Performance Elastomers is rising due to rapid industrialization across several areas. They are widely utilized in the gas and oil industries for exploration and production as modifiers for plastic and adhesive raw materials. Moreover, Performance elastomers such as neoprene and silicone are widely used in the electronic and food & beverage sectors due to their exceptional abrasion, impact, water, and flame resistance, as well as their outstanding UV, ozone, and weather resistance capabilities. With the increasing demand for specialty products like hoses, seals, gaskets, and diaphragms, the demand for performance elastomers has increased globally. These factors will drive the global performance elastomers market in the upcoming years.
Growing Awareness Regarding Superior Properties of Performance Elastomer
Performance elastomers displace standard elastomers due to their distinct characteristics, including greater durability, flexibility, heat resistance, chemical resistance, aging resistance, a wide range of oil & gas resistance, enhanced performance, and a long-life cycle. Performance elastomers such as silicone elastomers enhance heat resistance over 300°C by using polysiloxane additives. With respect to these properties, the demand for performance elastomers increases globally in the building & construction sectors. These characteristics will drive the performance elastomers market in the forecast period.
the construction of hotels, commercial facilities, and more using performance elastomers in the fourth quarter of 2021.
Rising demand from Automotive Industry
Key properties such as flexibility, strength, and high strength allow varied applications of elastomers in the automotive industry, such as manufacturing wires & cables, puncture-resistant seals, and providing impact resistance in vehicle interiors. Widespread adoption of EV vehicles, which seek to lower costs and boost efficiency, has coincided with the rise in petroleum prices. Due to their lightweight nature and vast design flexibility for interior and exterior components, performance elastomers have seen an increase in vehicle application due to the growing demand for automobiles.
according to European Automobile Manufacturers Association, in 2021, 79.1 million motor vehicles were produced worldwide, a 1.3% increase over 2020.
Development of eco-friendly high-performance elastomers
A prominent trend gaining traction in the performance elastomer market is the development of environmentally friendly high-performance elastomers. The rise in environmental awareness drives the need for eco-friendly elastomer goods. Products made of sustainable and bio-based elastomers are essential for accomplishing these goals. To improve their market position, several businesses that deal with performance elastomers are creating eco-friendly and secure elastomers for their customers.
ENGAGE REN, a plant-based high-performance polyolefin elastomer produced by Dow Inc. used in sustainable footwear. Using this elastomer, the footwear industry reduces its carbon footprint and produces sustainable products with the same quality. Therefore, the performance elastomers market will grow globally during the forecast period.
Recent Developments
- In May 2022, a novel high-performance polyolefin
elastomer (POE) made from plant-based feedstock was introduced by Dow Inc.
- Performance Elastomers Corporation (PEC) was purchased
by Pexco LLC, a top specialty plastics extruder in North America, in December
2021.
- Huntsman Chemical acquired Gabriel Performance Products
in January 2021 to expand its specialty chemicals portfolio.
- In December 2019, for the production of thermoplastic elastomer (TPE), SirmaxSpA unveiled a new compounding facility situated in Poland.
Download Free Sample Report
Market Segmentation
Global Performance Elastomers Market
Market Players
Pexco LLC
|
Attribute |
Details |
|
Base Year |
2022 |
|
Historic Data |
2018 – 2021 |
|
Estimated Year |
2023 |
|
Forecast Period |
2024 – 2028 |
|
Quantitative Units |
Revenue in
USD Million, Volume in Units, and CAGR for 2018-2022 and 2023-2028 |
|
Report coverage |
Revenue
forecast, volume forecast, company share, competitive landscape, growth
factors, and trends |
|
Segments covered |
·
Type ·
End Use |
|
Regional scope |
North
America, Europe, Asia Pacific, South America, Middle East & Africa |
|
Country scope |
United States,
Mexico, Canada, France, Germany, United Kingdom, Spain, Italy, Sweden, China,
India, South Korea, Japan, Thailand, Singapore, Brazil, Argentina, South Africa,
Saudi Arabia, UAE |
|
Key companies profiled |
Pexco LLC,
DuPont de Nemours, Inc., Celanese SO.F.TER.Corp., 3M Co., Zeon Chemicals
L.P., Solvay S.A., Momentive Performance Materials Inc., Polycom GmbH, Wacker
Chemie AG, Mitsui Elastomers Singapore Pte Ltd |
|
Customization scope |
10% free
report customization with purchase. Addition or alteration to country,
regional & segment scope. |
|
Pricing and purchase
options |
Avail customized
purchase options to meet your exact research needs. Explore purchase options |
|
Delivery Format |
PDF
and Excel through Email (We can also provide the editable version of the
report in PPT/Word format on special request) |
FAQ'S
For a single, multi and corporate client license, the report will be available in PDF format. Sample report would be given you in excel format. For more questions please contact:
Within 24 to 48 hrs.
You can contact Sales team (sales@marketinsightsresearch.com) and they will direct you on email
You can order a report by selecting payment methods, which is bank wire or online payment through any Debit/Credit card, Razor pay or PayPal.
Discounts are available.
Hard Copy