Global High Temperature Elastomers Market (Size of USD 10.3 Billion in 2017) to Witness 7.2% CAGR Du

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Industry Overview  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. The high temperature elastomers that comprises of 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.  Explore Full Report Description at: https:// www.vynzresearch.com/chemicals-materials/high-temperatureelastomers-market


market segmentation  On the basis of type, the global high temperature elastomers market is segmented into fluorocarbon, silicone, perfluoroelastomers, fluorosilicone and others. Others segment can be further sub segmented as polyacrylate and nitrile. Among all these segments silicone elastomers is projected to generate largest revenue of USD 11.5 billion by 2024. The increasing market revenue of this segment is attributed towards huge demand for silicone elastomers from the automobile and construction industries that are particularly driving the growth of global high temperature elastomers market. For instance in automotive industry, silicone elastomers are used as vibration dampers and in construction domain these elastomers are used as a sealant material.


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.


Competition among key players  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.


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