The high temperature elastomers market is projected be more than 650 Kilo tons by 2019, with a CAGR of 6.9% between 2014 and 2019.

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High temperature elastomers are growing to play an important role in the transportation industry, which include automotive and aerospace industry. In this industry, there is a growing demand for high-performance materials which can withstand extreme temperature and have good chemical and solvent resistance. To meet this demand, HTEs are being used to produce various under-the-hood components, where proximity to engine and other solvents leads to extreme conditions.

The market is projected to grow at a CAGR of 8.0% between 2014 and 2019 to reach $11 billion by 2019. The increased demand of high temperature elastomers in automotive industry is a major driver for the market. Implementation of increasingly stringent environmental regulations, especially regarding the emission levels of vehicles, has led to increased use of HTEs. Demand for high temperature elastomers is also boosted by involvement of market players in R&D and development of new products for new and existing applications.

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Asia-Pacific and North America are the top-two consumers in the world. U.S. and China are the key countries in North America and Asia-Pacific, respectively growing at CAGRs of 5.3% and 9.8% between 2014 and 2019. Some developing countries such as India and Brazil are also growing at a rapid pace because of the rising domestic demand and increasing population.

Key participants in the global high temperature elastomers market include Dow Corning Corporation (U.S.), Wacker Chemie A.G. (Germany), Momentive Performance Materials Inc. (U.S.), Solvay S.A. (Belgium), and E.I. du Pont de Nemours and Company (U.S.).

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