Overview and Scope
Performance elastomer refers to polymers composed of repeated units of a single monomer or multiple monomers constructed with the help of long chains of atoms, mainly carbon, hydrogen, and oxygen. These performance elastomers are used in manufacturing industrial products, lubricants, molds, tires, vehicle parts, prosthetics, and others. Performance elastomers have a unique combination of high-temperature performance, durability, superior electrical insulating capabilities, and transparency.
Sizing and Forecast
The performance elastomers market size has grown rapidly in recent years. It will grow from $15.32 billion in 2023 to $17.06 billion in 2024 at a compound annual growth rate (CAGR) of 11.4%. The growth in the historic period can be attributed to automotive and transportation industry demand, growth in construction and infrastructure, advancements in material science, manufacturing and industrial expansion, oil and gas industry applications.
The performance elastomers market size is expected to see rapid growth in the next few years. It will grow to $25.62 billion in 2028 at a compound annual growth rate (CAGR) of 10.7%. The growth in the forecast period can be attributed to sustainable and eco-friendly elastomers, increased demand for electric vehicles, adoption of elastomers in medical devices, 3d printing with elastomeric materials, infrastructure development in emerging markets. Major trends in the forecast period include bio-based and recyclable elastomers, hyperplastic materials for diverse applications, smart elastomers for iot devices, nanomaterial-enhanced elastomers, green building materials with elastomers.
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Segmentation & Regional Insights
The performance elastomers market covered in this report is segmented –
1) Performance Elastomers Market By Type: Nitrile-Based Elastomers, Fluoroelastomers, Silicone Elastomers, Other Types
2) Performance Elastomers Market By End-Use Industry: Automotive And Transportation, Healthcare, Industrial Machinery, Building And Construction, Electrical And Electronics, Other End-Use Industry
Asia-Pacific was the largest region in the performance elastomers market in 2023. North America is expected to be the fastest-growing region in the forecast period. The regions covered in the performance elastomers market report include Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
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Major Driver Impacting Market Growth
Increasing demand in the automotive and transport industry is expected to propel the performance elastomers market. Economies worldwide have been steadily growing, which has increased the standard of living, further increasing the purchasing power. The advent of the COVID-19 pandemic also resulted in individuals preferring a safer mode of transportation that promoted social distancing and thus boosted the growth of automobiles. With the increase in gas prices, there has also been wide adoption of EV vehicles that aim to reduce costs and increase efficiency. This increasing demand for automotive has led to a surge in the uses of performance elastomers in automobiles as they are lightweight and provides enormous design freedom for interior and exterior components. . For instance, in May 2023, according to the European Automobile Manufacturers Association, a Belgium-based automobile manufacturers association, in 2022, the global production of motor vehicles reached 85.4 million units, reflecting a notable increase of 5.7% compared to 2021. Furthermore, in February 2022, according to Brand Finance plc, a UK-based brand valuation company, in 2022, the automobile sector achieved approximately 78 million unit sales, marking a substantial 10% increase. , Therefore, increasing vehicle production has led to a boost in performance elastomers' use, thus driving the performance elastomers market.
Key Industry Players
Major companies operating in the performance elastomers market include Du Pont de Nemours, Arlanxeo, Zeon Chemicals LP, Solvay S.A, Dow Corning Corporation, Momentive Performance Materials Inc, Shin-Etsu Chemical Co, LANXESS AG, Huntsman Corporation, Covestro AG, EPerformance Elastomers MarketonMobil Chemical, BASF SE, LG Chem Ltd, Kuraray Co, Sumitomo Chemical Co, Mitsubishi Chemical Corporation, Tosoh Corporation, Asahi Kasei Corporation, JSR Corporation, Arkema S, Evonik Industries AG, Cabot Corporation, Trinseo LLC, KRAIBURG TPE GmbH & Co, Teknor Apex Company, RTP Company, PolyOne Corporation
The performance elastomers market report table of contents includes:
1. Executive Summary
2. Performance Elastomers Market Characteristics
3. Performance Elastomers Market Trends And Strategies
4. Performance Elastomers Market - Macro Economic Scenario
5. Global Performance Elastomers Market Size and Growth
.....
32. Global Performance Elastomers Market Competitive Benchmarking
33. Global Performance Elastomers Market Competitive Dashboard
34. Key Mergers And Acquisitions In The Performance Elastomers Market
35. Performance Elastomers Market Future Outlook and Potential Analysis
36. Appendix
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The Performance Elastomers Market research report gives exhaustive information about item cost, applications, significant industry players, import/trade information and Performance Elastomers industry rivalry.Motivations to Purchase Report:Breaking down the standpoint of the Performance Elastomers Market with late patterns and SWOT investigation.Performance Elastomers Market elements situation, alongside development chances of the industry in the years to come.Performance Elastomers Market division investigation including subjective and quantitative research consolidating the effect of monetary and non-financial viewpoints.Territorial and nation level examination coordinating the interest and supply powers that are affecting the development of the Performance Elastomers business.Performance Elastomers Market esteem (USD Million) and volume information for each fragment and sub-section.Appropriation Channel deals Analysis by Value.Serious scene including the Performance Elastomers Market portion of significant players, alongside the new activities and systems received by players in the previous five years.
The latest trending report Global Performance Elastomers Market 2020 by Manufacturers, Regions, Type and Application, Forecast to 2025 offered by DecisionDatabases.com is an informative study covering the market with detailed analysis.
The report will assist reader with better understanding and decision making.The global Performance Elastomers market size is expected to gain market growth in the forecast period of 2020 to 2025, with a CAGR of 4.1% in the forecast period of 2020 to 2025 and will expected to reach USD 13060 million by 2025, from USD 11130 million in 2019.The Performance Elastomers market report provides a detailed analysis of global market size, regional and country-level market size, segmentation market growth, market share, competitive Landscape, sales analysis, impact of domestic and global market players, value chain optimization, trade regulations, recent developments, opportunities analysis, strategic market growth analysis, product launches, area marketplace expanding, and technological innovations.Browse the complete report and table of contents @ https://www.decisiondatabases.com/ip/37787-performance-elastomers-market-analysis-reportThe major players covered in Performance Elastomers are: 3M JSR Shin-Etsu Chemical Daikin Industries Arlanxeo DowDuPont Showa Denko Zeon Chemicals Solvay Mitsui Chemicals Tosoh Wacker ChemieBy Type, Performance Elastomers market has been segmented into Nitrile-based Elastomers Silicone Elastomers FluoroelastomersBy Application, Performance Elastomers has been segmented into: Automotive and Transportation Industrial Machinery Building and Construction Healthcare Electrical and ElectronicsThe report offers in-depth assessment of the growth and other aspects of the Performance Elastomers market in important countries (regions), including: North America (United States, Canada and Mexico) Europe (Germany, France, UK, Russia and Italy) Asia-Pacific (China, Japan, Korea, India and Southeast Asia) South America (Brazil, Argentina, etc.
) Middle East & Africa (Saudi Arabia, Egypt, Nigeria and South Africa)Download Free Sample Report of Global Performance Elastomers Market @ https://www.decisiondatabases.com/contact/download-sample-37787The content of the study subjects, includes a total of 15 chapters:Chapter 1, to describe Performance Elastomers product scope, market overview, market opportunities, market driving force and market risks.Chapter 2, to profile the top manufacturers of Performance Elastomers, with price, sales, revenue and global market share of Performance Elastomers in 2018 and 2019.Chapter 3, the Performance Elastomers competitive situation, sales, revenue and global market share of top manufacturers are analyzed emphatically by landscape contrast.Chapter 4, the Performance Elastomers breakdown data are shown at the regional level, to show the sales, revenue and growth by regions, from 2015 to 2020.Chapter 5, 6, 7, 8 and 9, to break the sales data at the country level, with sales, revenue and market share for key countries in the world, from 2015 to 2020.Chapter 10 and 11, to segment the sales by type and application, with sales market share and growth rate by type, application, from 2015 to 2020.Chapter 12, Performance Elastomers market forecast, by regions, type and application, with sales and revenue, from 2020 to 2025.Chapter 13, 14 and 15, to describe Performance Elastomers sales channel, distributors, customers, research findings and conclusion, appendix and data source.Purchase the complete Global Performance Elastomers Market Research Report @ https://www.decisiondatabases.com/contact/buy-now-37787Other Reports by DecisionDatabases.com:Global Polyurethane Elastomers Market 2020 by Manufacturers, Regions, Type and Application, Forecast to 2025Global Fluoroelastomers (FKM) Market 2020 by Manufacturers, Regions, Type and Application, Forecast to 2025Global Polyolefin Elastomers (POE) Market 2019 by Manufacturers, Regions, Type and Application, Forecast to 2024About-Us:DecisionDatabases.com is a global business research reports provider, enriching decision makers and strategists with qualitative statistics.
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