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Performance Elastomers Market by Type, End-Use Industry And Region - Global Forecast to 2022

Performance Elastomers Market: Global Forecast until 2022

  • August 2017
  • 141 pages
  • ID: 5068468
In this report:
Automotive & transportation is the largest end-use industry of the performance elastomers market worldwide, which accounted for ##.##% of the overall market in 2016, in terms of volume.
The market size of performance elastomers in the automotive & transportation end-use industry was USD ##,##.## million in 2016 and it is estimated to reach USD ##,##.## million by 2022, at a CAGR of ##.##%, by value, between 2017 and 2022.


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The increasing demand for performance elastomers in the automotive and transportation sector is a main aspect fueling the increase of the performance elastomers market

The overall performance elastomers market is forecasted to reach ~$16.8B by 2022, at a compound annual growth rate of 7.50 percent between 2017 and 2022. The fast growth of the automotive and transportation market, along the technological advancements in it, is the main factor driving the sector demand for performance elastomers.

Furthermore, growing disposable income of the people and the superior properties of performance elastomers than standard elastomers, including heat resistance, weathering and ozone resistance, flexibility, durability, aging resistance, huge variety, chemical resistance, and oil & gas resistance, are driving the market demand for performance elastomers market. Nevertheless, high manufacturing costs and a price-sensitive market are the top challenges faced by the manufacturers of performance elastomers.

The silicone elastomers segment of the performance elastomers market is anticipated to rise at the highest CAGR (Compound annual growth rate) during the estimate period

Among different types of elastomers, the silicone elastomers segment of the performance elastomers market is anticipated to grow at the highest compound annual growth rate (CAGR), during the outlook period.Silicone elastomers are being quickly adopted in different applications as a result of outstanding resistance to weathering and ozone, good compression set, high physiological inertness, resistance to bacteria and fungi, and high temperature stability.

These properties make it suitable for application in different end-use markets including automotive and transportation, building and construction, and medical. Silicone elastomers offer enriched levels of low extract and purity, which makes it ideal for several applications including food and drink, biomedical, and pharmaceuticals.

The increasing demand for use in different end-use sectors is predicted to push the performance elastomers market in the Asia Pacific (APAC) area

Asia-Pac (APAC) is anticipated to be the quickest developing market for performance elastomers. Developing economies in the territory, with quickly increasing automotive and transportation sector, are anticipated to growth the industry demand for performance elastomers in the area.

Additionally, fast technological advancements in the automotive and transportation market and growing disposable income are encouraging the use of performance elastomers in the territory. China (CN), India (IN), Japan (JP), South Korea (KR), and Thailand (TH) are the top sectors for performance elastomers in APAC.

In the process of finding out and checking the market value for various segments and subsegments collected by secondary research, extensive primary audit sessions were performed.

The breakdown of primary interviews is presented below:

• By Type of company- tier 1 58.0 percent, Tier 2 25.0 percent, and Others- 17.0 percent

• By Designation- C-level - 33.0 percent, Director-level - 42.0 percent, and Others - 25.0 percent

• By Region- North America - 9.0 percent, EU - 27.0 percent, Asia-Pac - 37.0 percent, South America area - 18.0 percent, and the Middle East (ME) & African continent - 9.0 percent

Note 1: Others includes sales, marketing, and product managers.

Note 2: The 1/3 of the companies, the tiers of the corporations is determined on the basis of revenues and the ownership of the firms.

Key firms decribed in this research report are E. I. du Pont de Nemours and Organization, Arlanxeo, Zeon Chemicals L.P., Solvay (SOLB), Dow Corning, Wacker Chemie (ETR:WCH), Momentive, 3M Company (NYSE:MMM), Shin-Etsu Chemical Co., Limited, Daikin Industries Ltd., and Dow Chemical (NYSE:DOW).

Segment Research

This industry report includes the performance elastomers market, in terms of quantity and value, and forecasts the market value until 2022.The study includes the market segmentation established on category (nitrile-based elastomers, silicone elastomers, and fluoroelastomers), end-use sector (automotive and transportation, healthcare, industrial machinery, building and construction, and electrical and electronics), and area (Asia Pacific (APAC), Europe (EU), North America continent, Middle East (ME) & African continent, and South America region).

The areas have been further broken down based on main countries into the U.S.A, Canada (CA), Mexico (MX), Germany (DE), the United Kingdom, France (FR), Spain (ES), Italy (IT), China (CN), Thailand (TH), Japan (JP), India (IN), South Korea (KR), Saudi Arabia (SA), South Africa (ZA), Brazil (BR), and Argentina (AR). The analysis also offers company descriptions and competitive landscape approved by the top players in the performance elastomers market.

The market research will facilitate industry top players/new sector entrants in the overall performance elastomers market in these ways:

1. This document breaks down the performance elastomers market comprehensively and offers closest approximations of the revenue numbers for the global market, and the subsegments across several verticals and localities.

2. It will facilitate partners to apprehend the pulse of the sector and offer them information on main market drivers, opportunities, and alternatives.

3. It will facilitate partners to comprehend players and obtain additional insights, to enhance their rank in the business sector. The competitive outlook section includes recent product launches, business developments, and strategic agreements.

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