Performance Elastomers Market growth outlook with industry review and forecast 2019-2024

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Performance Elastomers Market Growth Outlook
with Industry Review and Forecast 2019-2024
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Global Market Scenario of Performance Elastomers
Industry

• Performance elastomers market is segmented on the
  basis of product as silicone, thermoplastic,
  nitrile, fluoroelastomers, acrylate, chlorinated,
  and others. The silicone elastomers segment is
  further segmented into heat cured/high
  consistency rubber, fluoro-silicone rubber, and
  others.
• The thermoplastic elastomers are further
  classified into thermoplastic copolyester
  elastomers, thermoplastic vulcanizate,
  thermoplastic polyamide elastomers, and others.
  Nitrite based elastomers include nitrile
  butadiene rubber and hydrogenated nitrile rubber.
• The silicone elastomers segment will surpass USD
  6.5 billion by the end of the forecast period
  with a CAGR of over 8. Fluoroelastomers being
  the fastest growing product segment is said to
  cross USD 1.5 billion by the end of the forecast
  timeframe due to its superior properties of high
  resistance to chemicals and temperature.
• Based on end-user, the performance elastomers
  market is segmented into seven major segments
  mainly, automotive and transportation, building
  and construction, industrial machinery,
  electrical and electronics food and beverages,
  consumer goods and others.

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• Performance elastomers market is said to witness
  exceptional growth owing to extensive product
  application in the transportation and automotive
  industry. These products find usage in the
  manufacturing of gaskets, seals, hoses, belts
  which replaces the conventional metal parts
  leading to weight reduction.
• The automotive transportation segment is said
  to surpass USD 8 billion by 2024 and subjugate
  the entire performance elastomers market during
  the forecast span.
• Superior properties of performance elastomers
  provide them with an upper hand over the normal
  elastomers as they help in developing the overall
  product competence, thereby occupying a stronger
  position in the industry.
• These properties such as the temperature
  resistance and strong molecular bonds lead to the
  product usage in various critical end-user
  industries related to emission controls and fuel
  systems. These factors will propel the
  performance elastomers market in the next seven
  years.

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360 Industry Analysis

• Asia Pacific holds a major share in the total
  performance elastomers market and will surpass
  55 by the end of the forecast span. Presence of
  a significantly developing and mature automobile
  industry is said to augment the performance
  elastomers market in coming years.
•  

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• Competitive Analysis
• Prominent players operating in the performance
  elastomers market include Dow Corning, 3M,
  ExxonMobil, Dow Dupont, Arlanxeo, Mitsui
  Chemical, Zeon Chemicals, Tosoh Corporation,
  Daikin, Momentive Performance Materials,
  Shin-Etsu Chemical, Wacker Chemie, and Solvay to
  name a few.

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