Title: Global High Temperature Elastomers Market – Analysis and Forecast to 2024 | Dow Corning Corporation
1High Temperature Elastomers Market
2High Temperature Elastomers Market
Industry Overview
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.
3High Temperature Elastomers Market
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.
4High Temperature Elastomers Market
Geographic Overview
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.
5High Temperature Elastomers Market
Competitive Insight
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. Explore Full Report Sample at
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igh-temperature-elastomers-market
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7High Temperature Elastomers Market
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