Global Performance Elastomers Market: Introduction
Performance elastomers are advanced polymers made of long chains of atom. They are composed of repeated units of a single monomer or of two or more different monomers. They are often characterized by high level of viscosity and elasticity, having the capacity to considerably deform and then return to the original shape, after removal of the force causing the deformation.
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Performance elastomers are complex materials that exhibit unique combinations of useful properties, the most important being resistance and flexibility.
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The global performance elastomers market is estimated and forecasted in terms of revenue (USD million) generated by the global market.
global performance elastomers market is witnessing remarkable growth due to increasing use of performance elastomers in several end use industries such as automotive & transportation, building & construction, electrical & electronics, healthcare, industrial machinery etc.
The global performance elastomers market is hampered by volatility in raw material prices and high production & switching costs.
Global Performance Elastomers Market Segmental Overview:
Performance Elastomers Market by Type:
Nitrile-Based Elastomers (including nitrile butadiene rubber (NBR) and hydrogenated nitrile rubber (HNBR))
Fluoroelastomers (including fluorocarbon elastomers (FKM)
Perfluoroelastomers (FFKM) and fluorosilicone elastomers (FVMQ))
Silicone elastomers (including high temperature vulcanized (HTV)
Liquid silicone rubber (LSR) and room temperature vulcanized (RTV)) and
Others (including chlorinated polyethylene (CPE), polyacrylate rubber (ACM), ethylene acrylic elastomers (AEM) and ethylene vinyl acetate elastomers (EVM).
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Performance Elastomers Market by End User:
Automotive & Transportation
Building & Construction
Electrical & Electronics
Oil & Gas
Among these, the healthcare segment is anticipated to grow at a lucrative rate, chiefly due to the growing usage of performance elastomers for production of medical devices.
Performance Elastomers Market by Geography:
Middle East & Africa.
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Performance Elastomers Market Leading Players:
3M Company, Arlanxeo, Daikin Industries, Ltd., DOW Corning Corporation, E. I. Du Pont De Nemours and Company, Momentive Performance Materials Inc., Shin-Etsu Chemical Co., Ltd., Solvay S.A., The DOW Chemical Company, Wacker Chemie AG, Zeon Chemicals L.P., Asahi Glass Co., Ltd., Exxon Mobil Corporation, Flexan, LLC, James Walker & Co., JSR Corporation, Kaco GmbH + Co. Kg, Kraiburg Tpe GmbH & Co. Kg and Mitsui Chemicals, Inc. Strategies such as product innovation and collaborations are adopted by global players as well as regional players, to maintain the product superiority, thus interpreting market sustainability.
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