The high-temperature elastomers that comprise properties such as chemical, corrosion and thermal resistance among others are known as thermosetting elastomers. These thermosetting elastomers are extensively being used in many industries such as electronics, transportation, building & construction, oil& gas and electrical. The global high-temperature elastomers market is expected to generate revenue of USD 16.8 billion by 2024 and is further anticipated to witness CAGR of 7.2% during the forecast period. Elastomers posses elastic and viscosity properties and are considered to be a bundle of polymers.

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Rapid increase of automotive industry along with extensive utilization of high temperature elastomers is majorly driving the growth of global high temperature elastomers market. The automotive industry in developing economies such as Latin America and Asia-Pacific are observing significant growth due to rapid growth in high temperature elastomers market. These elastomers serve various beneficial properties such as flexibility, durability and resistance to automotive lubricants and excessive heat.

However, the installation of high capital oriented manufacturing unit along with higher production cost of the elastomers as compared to that of ordinary elastomers is the major factor hindering the growth of global high temperature elastomers market. Ordinary elastomers are comparatively more cost-effective, although they do not perform preferably in high temperature and performs functions in an effective manner. Moreover, the cost associated with components developed from high-performance modules is higher than another elastomer as result high temperature elastomer market is expected to observe hindrance in its growth in the near future.

On the basis of application, global high temperature elastomers market is segmented into semiconductor & electronics, automobile & transportation, industrial machinery, consumer products, healthcare and others. Automobile and transportation was the largest application area in the market, contributing more than 50.0% revenue in 2017. The automobile industry are constantly utilizing high temperature elastomers in their business operations as it helps the manufacturers in producing other machinery parts of this domain along with under the hood modules.

Geographically, Asia-Pacific is expected to witness fastest growth in the global high temperature elastomers market due to rampant economic development and fuelling growth in construction industry. The high temperature elastomers market in Asia-Pacific is further anticipated to generate largest revenue of USD 6.6 billion by 2024 owing to large number of organizations in automobile domain.

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Some of the major players operating in the global high temperature elastomers market include KCC Corporation, Dow Corning Corporation, Momentive Performance Materials Inc., Wacker Chemie AG, Solvay S.A., Daikin Industries, Ltd., 3M Company, RTP Company, The Chemours Company, and Shin-Etsu Chemical Co., Ltd.

Global High Temperature Elastomers Market Coverage

Type Insight and Forecast 2014 – 2024

Fluorocarbon
Silicone
Perfluoroelastomers
Fluorosilicone
Others
Application Insight and Forecast 2014 – 2024

Semiconductor & Electronics
Automobile & Transportation
Industrial Machinery
Consumer Products
Healthcare
Others
Geographical Segmentation

High Temperature Elastomers Market by Region

North America

U.S.
Canada
Mexico
Europe

Germany
U.K.
France
Italy
Rest of Europe
Asia-Pacific

Japan
China
India
South Korea
Rest of Asia-Pacific
Rest of the World (RoW)

Brazil
Saudi Arabia
Rest of RoW

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