+1-888-308-5802     
News Contact Us

Performance Elastomers Market to depict an upward growth trend over 2019 - 2024

Author : Rahul Varpe | Published Date : 2019-08-22 

The growth of the performance elastomers market in Europe and North America has been forecast to be slightly moderate as compared to its growth in Asia and Latin America, not only due to the shifting base of manufacturing units, but also due to cheaper labor and relaxed governmental restrictions on operations in Asia and South America.

Asia Pacific, with its wide manufacturing base has been projected to be the most profitable growth ground for performance elastomers market, because the automotive industry has been expanding heavily across the emerging economies of this geography. APAC performance elastomers industry size, worth USD 4 billion in 2016, will continue to depict an upward growth trend over 2017-2024, subject to the emergence of the evolving middle class populace and the increase in the purchase parity of consumers.

Request for a sample copy of this report @  
https://www.gminsights.com/request-sample/detail/2264

Performance elastomers are used to manufacture parts of the aircraft that have to withstand aggressive fluids, including jet fuels, hydraulic fluids, engine lubricating oils, oxidizers and rocket propellants. Aircrafts and aerospace engines also require highly stable elastomers that can withstand the effects of aggressive aerospace fuels and oxidizers. They are also used for both static and dynamic applications, as they exhibit excellent mechanical properties and are used as sealants in aircrafts, subsequently propelling performance elastomers industry size from the aerospace sector.

Speaking of harsh environments, performance elastomers market also finds wide applications in the mining, smelting, oil exploration, metalworking, and foundries machineries. In 2016 for instance, the industrial machinery sector accounted for USD 800 million of the overall performance elastomers market revenue.

Performance Elastomers Market by End-user:

  • Automotive & transportation
  • Building & construction
  • Industrial machinery
  • Electrical & electronics
  • Food & beverage
  • Consumer goods
  • Others

Make an Inquiry for Purchasing this Report @ 

https://www.gminsights.com/inquiry-before-buying/2264

The automotive industry has indeed witnessed significant growth all over the world in the last few decades, especially across the emerging economies of the Asia Pacific. This in consequence, would majorly influence the sales graph of performance elastomers market, given that high-performance elastomers are used in various parts of automobiles such as airducts, turbocharger hoses, chassis suspension, gaskets and sealants.

Some of the major players of the performance elastomers industry include Dow Dupont Inc, Momentive Performance Materials, Exxon Mobil, The 3M Company, Solvay, Zeon Chemicals, Mitsui Chemical, and Daikin. These companies have been continually involved in extensive research and development programs in order to bring forth major innovations in product designs and development, which would eventually impact the commercialization potential of performance elastomers market.

Related News: https://www.marketwatch.com/press-release/awp-rental-market-2019-study-by-industry-growth-regional-trends-to-2024-2019-08-22

About Global Market Insights:

Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.

Contact Us:

Arun Hegde

Corporate Sales, USA

Global Market Insights, Inc.

Phone:1-302-846-7766

Toll Free: 1-888-689-0688

Email: [email protected]

Web: https://www.gminsights.com/      

About Author

Rahul Varpe

Rahul Varpe

Rahul Varpe currently writes for fractovia. A communication Engineering graduate by education, Rahul started his journey in as a freelancer writer along with regular jobs. Rahul has a prior experience in writing as well as marketing of services and products online. Apart from being an avid reader, his other hobbies include music and sketching. He can be contacted at- [email protected] | https://twitter.com/varperahul

Related News

Hoist Chains Market to register commendable proceeds during 2019–2025

Published Date: 2019-09-19         Author: Rahul Varpe

Global Market Insights has recently added Hoist Chains Market report which mentions valuable insights pertaining to market share, profitability graph, market size, SWOT analysis, and regional proliferation of this industry.    As evident, a spurt in energy infrastructure projects global... Read More

Construction Composites Market for commercial applications is slated to grow with a 5% CAGR by 2025

Published Date: 2019-09-18         Author: Rahul Varpe

Composite products used in construction are designed to survive in environments where exposure to heat and corrosive material is high. They can handle pressure and are used to make infrastructure components like stairways, ladders and gratings in manufacturing plants. Owing to the favorable characte... Read More

Commercial Refrigeration Equipment Market is Projected to Witness Exponential Growth from Food Preservation Techniques by 2024

Published Date: 2019-09-18         Author: Rahul Varpe

The U.S. commercial refrigeration equipment industry size stood at an appreciable USD 10 billion in 2017. On account of the increasing consumer expenditure on food and the changing meal consumption trends, in tandem with the robust expansion of food service industry in the nation, U.S. commercial re... Read More

© 2019 Fractovia. All Rights Reserved