Market Overview:
The global high performance elastomer market is expected to grow at a CAGR of 6.5% during the forecast period from 2018 to 2030. The increasing demand for high performance elastomers from the automotive and transportation, industrial machinery, building and construction, healthcare, electrical and electronics industries is driving the growth of this market. In terms of type, nitrile-based elastomers are expected to lead the global high performance elastomer market during the forecast period due to their superior properties such as resistance to oil and fuel leakage, abrasion resistance, and chemical resistance. Silicone elastomers are also expected to witness significant growth during the forecast period due to their properties such as thermal stability and low compression set.
Product Definition:
A High Performance Elastomer is a material that has been designed to offer specific high performance properties. These materials are often used in demanding applications where traditional elastomers would not be able to meet the required criteria. Some of the key benefits offered by high performance elastomers include excellent wear resistance, good thermal stability, and outstanding mechanical strength.
Nitrile-based Elastomers:
Nitrile-based elastomers (NBR) are synthetic rubber-like materials that are manufactured by the addition of diisocyanate groups. The product is produced in different formulations such as room temperature vulcanization (RTV), liquid silicone rubber (LSR), and pressure sensitive tapes.
Nitrile based elastomers have a wide range of applications including tire manufacturing, hoses, gaskets, conveyor belts & pulleys, air springs.
Silicone Elastomers:
Silicone elastomers are cross-linked polymers with the structure of linear siloxane chains. They have a wide range of applications including sealants, coatings, adhesives and inks. The product is also used as an additive for rubber to improve its physical properties such as toughness and flexibility at low temperatures.
Application Insights:
Automotive and transportation was the largest segment in 2017. The global demand has seen a paradigm shift due to rising environmental concerns coupled with government regulations that have imposed fuel efficiency standards on vehicles. This is expected to drive the market over the forecast period.
High performance elastomers are used in automotive applications owing to their ability to provide impact resistance, chemical resistance, temperature stability and flexibility required for manufacturing body parts such as airbags, fender liners, bumper systems and moldings among others. They are also used in non-automotive applications such as military vehicles & aircraft where high impact resistance is required along with good flexibility at low temperatures which enables better durability & performance of vehicle components made using HPEs compared to conventional plastics or rubber products currently being used by manufacturers for these purposes.
Regional Analysis:
Asia Pacific was the leading revenue contributor in 2017 and is anticipated to witness significant growth over the forecast period. The region is projected to expand at a CAGR of XX% from 2018 to 2030 owing to increasing industrialization, coupled with rapid urbanization and rising per capita income levels.
The automotive industry has witnessed exponential growth in China, India, Japan, South Korea and Taiwan over the past few years on account of favorable government policies promoting investments for manufacturing vehicles within these countries as well as across international borders. This factor is expected to have a positive impact on regional market development during the forecast period.
Europe accounted for 28% share of global revenue in 2017 owing high demand from several major industries including automotive; healthcare; building.
Growth Factors:
- Increasing demand for high performance elastomers from the automotive industry on account of their properties such as heat and oil resistance, durability, and low weight.
- Rising demand for medical devices made of high performance elastomers owing to their biocompatibility and non-toxicity.
- Growing use of high performance elastomers in electrical & electronics applications due to their excellent insulation properties and thermal stability.
- Increasing penetration of these polymers in the construction sector for manufacturing roofing membranes, seals, gaskets, and other components that require flexibility and durability simultaneously.
Scope Of The Report
Report Attributes
Report Details
Report Title
High Performance Elastomer Market Research Report
By Type
Nitrile-based Elastomers, Silicone Elastomers, Fluoroelastomers
By Application
Automotive and Transportation, Industrial Machinery, Building and Construction, Healthcare, Electrical and Electronics
By Companies
Dupont (U.S.), Arlanxeo (Netherlands), Zeon Chemicals L.P. (U.S.), Solvay S.A. (Belgium), Dow Corning Corporation (U.S.), Wacker Chemie AG (Germany), Momentive Performance Materials Inc. (U.S.), 3M Company (U.S.), Shin-Etsu Chemical Co., Ltd. (Japan), Daikin Industries Ltd. (Japan), Dow Chemical Company (U.S.), Asahi Glass Co. Ltd, Exxon Mobil Corporation, Flexan, LLC, James Walker & Co., JSR Corporation, Kaco GmbH + Co. Kg, Kraiburg TPE GmbH & Co. Kg, Mitsui Chemicals, Inc., Polycomp, Precision Polymer Engineering Ltd., Reiss Manufacturing Inc., Showa Denko K.K., The Chemours Company, Tosoh Corporation
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
236
Number of Tables & Figures
166
Customization Available
Yes, the report can be customized as per your need.
Global High Performance Elastomer Market Report Segments:
The global High Performance Elastomer market is segmented on the basis of:
Types
Nitrile-based Elastomers, Silicone Elastomers, Fluoroelastomers
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Automotive and Transportation, Industrial Machinery, Building and Construction, Healthcare, Electrical and Electronics
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Dupont (U.S.)
- Arlanxeo (Netherlands)
- Zeon Chemicals L.P. (U.S.)
- Solvay S.A. (Belgium)
- Dow Corning Corporation (U.S.)
- Wacker Chemie AG (Germany)
- Momentive Performance Materials Inc. (U.S.)
- 3M Company (U.S.)
- Shin-Etsu Chemical Co., Ltd. (Japan)
- Daikin Industries Ltd. (Japan)
- Dow Chemical Company (U.S.)
- Asahi Glass Co. Ltd
- Exxon Mobil Corporation
- Flexan, LLC
- James Walker & Co.
- JSR Corporation
- Kaco GmbH + Co. Kg
- Kraiburg TPE GmbH & Co. Kg
- Mitsui Chemicals, Inc.
- Polycomp
- Precision Polymer Engineering Ltd.
- Reiss Manufacturing Inc.
- Showa Denko K.K.
- The Chemours Company
- Tosoh Corporation
Highlights of The High Performance Elastomer Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Nitrile-based Elastomers
- Silicone Elastomers
- Fluoroelastomers
- By Application:
- Automotive and Transportation
- Industrial Machinery
- Building and Construction
- Healthcare
- Electrical and Electronics
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the High Performance Elastomer Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
High performance elastomer is a type of polymer that has excellent elasticity and resilience. This makes it ideal for applications where high flexibility and durability are required, such as in medical devices, sports equipment, and automotive parts.
Some of the major companies in the high performance elastomer market are Dupont (U.S.), Arlanxeo (Netherlands), Zeon Chemicals L.P. (U.S.), Solvay S.A. (Belgium), Dow Corning Corporation (U.S.), Wacker Chemie AG (Germany), Momentive Performance Materials Inc. (U.S.), 3M Company (U.S.), Shin-Etsu Chemical Co., Ltd. (Japan), Daikin Industries Ltd. (Japan), Dow Chemical Company (U.S.), Asahi Glass Co. Ltd, Exxon Mobil Corporation, Flexan, LLC, James Walker & Co., JSR Corporation, Kaco GmbH + Co. Kg, Kraiburg TPE GmbH & Co. Kg, Mitsui Chemicals, Inc., Polycomp, Precision Polymer Engineering Ltd., Reiss Manufacturing Inc., Showa Denko K.K., The Chemours Company, Tosoh Corporation.
The high performance elastomer market is expected to grow at a compound annual growth rate of 6.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. High Performance Elastomer Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. High Performance Elastomer Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. High Performance Elastomer Market - Supply Chain
4.5. Global High Performance Elastomer Market Forecast
4.5.1. High Performance Elastomer Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. High Performance Elastomer Market Size (000 Units) and Y-o-Y Growth
4.5.3. High Performance Elastomer Market Absolute $ Opportunity
5. Global High Performance Elastomer Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. High Performance Elastomer Market Size and Volume Forecast by Type
5.3.1. Nitrile-based Elastomers
5.3.2. Silicone Elastomers
5.3.3. Fluoroelastomers
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global High Performance Elastomer Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. High Performance Elastomer Market Size and Volume Forecast by Application
6.3.1. Automotive and Transportation
6.3.2. Industrial Machinery
6.3.3. Building and Construction
6.3.4. Healthcare
6.3.5. Electrical and Electronics
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global High Performance Elastomer Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. High Performance Elastomer Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global High Performance Elastomer Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. High Performance Elastomer Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global High Performance Elastomer Demand Share Forecast, 2019-2029
9. North America High Performance Elastomer Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America High Performance Elastomer Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America High Performance Elastomer Market Size and Volume Forecast by Application
9.4.1. Automotive and Transportation
9.4.2. Industrial Machinery
9.4.3. Building and Construction
9.4.4. Healthcare
9.4.5. Electrical and Electronics
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America High Performance Elastomer Market Size and Volume Forecast by Type
9.7.1. Nitrile-based Elastomers
9.7.2. Silicone Elastomers
9.7.3. Fluoroelastomers
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America High Performance Elastomer Demand Share Forecast, 2019-2029
10. Latin America High Performance Elastomer Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America High Performance Elastomer Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America High Performance Elastomer Market Size and Volume Forecast by Application
10.4.1. Automotive and Transportation
10.4.2. Industrial Machinery
10.4.3. Building and Construction
10.4.4. Healthcare
10.4.5. Electrical and Electronics
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America High Performance Elastomer Market Size and Volume Forecast by Type
10.7.1. Nitrile-based Elastomers
10.7.2. Silicone Elastomers
10.7.3. Fluoroelastomers
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America High Performance Elastomer Demand Share Forecast, 2019-2029
11. Europe High Performance Elastomer Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe High Performance Elastomer Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe High Performance Elastomer Market Size and Volume Forecast by Application
11.4.1. Automotive and Transportation
11.4.2. Industrial Machinery
11.4.3. Building and Construction
11.4.4. Healthcare
11.4.5. Electrical and Electronics
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe High Performance Elastomer Market Size and Volume Forecast by Type
11.7.1. Nitrile-based Elastomers
11.7.2. Silicone Elastomers
11.7.3. Fluoroelastomers
11.8. Basis Point Sare (BPS) Analysis by Type
11.9. Y-o-Y Growth Projections by Type
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe High Performance Elastomer Demand Share, 2019-2029
12. Asia Pacific High Performance Elastomer Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific High Performance Elastomer Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific High Performance Elastomer Market Size and Volume Forecast by Application
12.4.1. Automotive and Transportation
12.4.2. Industrial Machinery
12.4.3. Building and Construction
12.4.4. Healthcare
12.4.5. Electrical and Electronics
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific High Performance Elastomer Market Size and Volume Forecast by Type
12.7.1. Nitrile-based Elastomers
12.7.2. Silicone Elastomers
12.7.3. Fluoroelastomers
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific High Performance Elastomer Demand Share, 2019-2029
13. Middle East & Africa High Performance Elastomer Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa High Performance Elastomer Market Size and Volume Forecast by Country
13.2.1. Saudi Arabia
13.2.2. South Africa
13.2.3. UAE
13.2.4. Rest of Middle East & Africa (MEA)
13.3. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa High Performance Elastomer Market Size and Volume Forecast by Application
13.4.1. Automotive and Transportation
13.4.2. Industrial Machinery
13.4.3. Building and Construction
13.4.4. Healthcare
13.4.5. Electrical and Electronics
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa High Performance Elastomer Market Size and Volume Forecast by Type
13.7.1. Nitrile-based Elastomers
13.7.2. Silicone Elastomers
13.7.3. Fluoroelastomers
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa High Performance Elastomer Demand Share, 2019-2029
14. Competition Landscape
14.1. Global High Performance Elastomer Market: Market Share Analysis
14.2. High Performance Elastomer Distributors and Customers
14.3. High Performance Elastomer Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. Dupont (U.S.)
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. Arlanxeo (Netherlands)
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. Zeon Chemicals L.P. (U.S.)
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. Solvay S.A. (Belgium)
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Dow Corning Corporation (U.S.)
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. Wacker Chemie AG (Germany)
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. Momentive Performance Materials Inc. (U.S.)
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. 3M Company (U.S.)
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. Shin-Etsu Chemical Co., Ltd. (Japan)
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. Daikin Industries Ltd. (Japan)
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. Dow Chemical Company (U.S.)
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. Asahi Glass Co. Ltd
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. Exxon Mobil Corporation
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. Flexan, LLC
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. James Walker & Co.
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. JSR Corporation
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. Kaco GmbH + Co. Kg
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. Kraiburg TPE GmbH & Co. Kg
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. Mitsui Chemicals, Inc.
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. Polycomp
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook
