High Temperature Elastomers Market: Expected To Present Potential Growth Opportunities up to 2024
Axiom Market Research
& Consulting Added a, “High Temperature Elastomers Market Report, By Type,
Application and Geography – Global Market Share, Trend Analysis & Forecast
Up To 2024” The
global high temperature elastomers market is witnessing sustainable growth
owing to increasing demand from the automotive industry.
High Temperature
Elastomers Market- Analysis
High temperature elastomers are generally insoluble in
solvents such as water, also the chemical makes them chemical resilient and
anti-corrosive in nature. The global market is estimated and forecasted in
terms of revenue (USD million) generated by the high temperature elastomers
market.
Rapidly growing automotive sector in developing economies and
augmented demand for high-performance automobile & transportation products
are expected to contribute to the growth of this market. Global market is
hindered by high production and switching costs associated with high
temperature elastomers products.
Global High Temperature Elastomers Market-Segmental
Overview
Global High Temperature Elastomers Market by Type-
Global HTE market is segmented into fluorocarbon elastomer,
perfluorocarbon elastomer, silicone elastomer, fluorosilicone elastomers and
others (nitrile and polyacrylate).
Global High Temperature Elastomers Market by
Application-
Global high temperature elastomers market is divided into
electrical & electronics, healthcare, consumer goods, industrial machinery,
transportation and others (construction and chemical processing). The
transportation segment accounted for the largest application of high
temperature elastomers market in 2017
Global High Temperature Elastomers Market by Geography-
North America, Europe, Asia Pacific and rest of the world
regions which includes Latin America, and Middle East & Africa.
Asia-Pacific accounted for the largest share in 2017 and is also anticipated to
grow at the highest CAGR during the forecast period.
Click here to Global HTE Market details: https://axiommrc.com/product/1753-high-temperature-elastomers-market-report/
Global High Temperature Elastomers Market-Key Companies
3M Company, Daikin Industries Ltd., Dow DuPont, KCC
Corporation, Momentive Performance Materials Inc., RTP Company, Shin-Etsu
Chemical Co. Ltd., Solvay S.A., The Chemours Company and Wacker Chemie AG. New
product launches and acquisitions are the key growth strategies adopted by the
major players to reinforce their positions in the international market.
About Axiom MRC:
Axiom Market Research
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and data analytics firm, driven by a simple aim of providing key market
intelligence to companies to assist them in taking informed business decisions
pertaining to their marketing strategy, investments, new product launches,
market competition, consumer or end users, social media trends etc.
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