According to a new report published by Transparency Market Research, the ease of ease of processing and higher speed of elastomeric alloys over the conventional thermoset (vulcanized) alloys will propel the demand for the global elastomeric alloys market during the forecast period, i.e., 2018-2026. A few other advantages, according to the report that will impact the growth of the market include lower energy costs for processing, availability of standard grades (which lacks in case of thermoset alloys), and recyclability of scrap.

Availability of standard grades of TPEs is a particularly crucial advantage for several manufactures. Elastomeric alloys can be utilized as an alternative material in several applications of silicone, latex, or rubber. They can be processed with the help of the conventional processing methods such as blow molding, extrusion, and injection molding.

The report has segregated the market for elastomeric alloys on the basis of end-use industry into automotive, industrial machinery, oil & gas, building & construction, medical, and others. Among these, automotive is a leading end-user segment of the elastomeric alloys market, followed by the medical segment.

In terms of regional perspective, the global elastomeric alloys market is segmented into North America, Latin America, Asia Pacific, Europe, and Middle East & Africa. Among these, Asia Pacific is a lucrative market for elastomeric alloys. The region accounted for nearly 50% share of the global elastomeric alloys market in 2017. The region is likely to offer lucrative growth opportunities to the elastomeric alloys market during the forecast period as well. Numerous manufacturing facilities located in the region, especially in China and Southeast Asia, are offering significant growth opportunities to the elastomeric alloys market in the region. Asia Pacific region is followed by Europe and North America.

Major players operating in the global elastomeric alloys market are included in this report to give a better competitive landscape and these are AdvanSource Biomaterials Corp., JSR Corporation, SO.F.TER. S.r.l (Celanese), and NYCOA.

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