+1-888-308-5802     
News Contact Us

Performance Elastomers Market to witness exceptional growth over the forecast timeframe

Author : Rahul Varpe | Published Date : 2019-07-03 

Performance Elastomers Market to witness exceptional growth owing to extensive product application in the transportation and automotive industry. These products find usage in the manufacturing of gaskets, seals, hoses, belts which replaces the conventional metal parts leading to weight reduction. The automotive & transportation segment is said to surpass USD 8 billion by 2024 and subjugate the entire market during the forecast span.

Performance Elastomers Market in Asia Pacific holds a major share in the total market and will surpass 55% by the end of the forecast span. Presence of a significantly developing and mature automobile industry is said to augment the market in coming years. The market will surpass USD 14 billion by 2024; according to a new research report.

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

Automakers are designing and manufacturing vehicles that are more efficient, lightweight, and compact to improve their operational features by using superior materials such as performance elastomers. Rise in the overall automotive sales, especially in the developing countries of Asia Pacific region, will foster the performance elastomers market demand in the forthcoming years.

Prominent players operating in the performance elastomers market include:

  • Dow Corning
  • 3M
  • ExxonMobil
  • Dow Dupont
  • Arlanxeo
  • Mitsui Chemical
  • Zeon Chemicals
  • Tosoh Corporation
  • Daikin
  • Momentive Performance Materials
  • Shin-Etsu Chemical
  • Wacker Chemie
  • Solvay

Make an Inquiry for Purchasing this Report @ 

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

Superior properties of performance elastomers provide them with an upper hand over the normal elastomers as they help in developing the overall product competence, thereby occupying a stronger position in the industry. These properties such as the temperature resistance and strong molecular bonds lead to the product usage in various critical end-user industries related to emission controls and fuel systems. These factors will propel the performance elastomers market in the next seven years.

The silicone elastomers segment will surpass USD 6.5 billion by the end of the forecast period with a CAGR of over 8%. Fluoroelastomers being the fastest growing product segment is said to cross USD 1.5 billion by the end of the forecast timeframe due to its superior properties of high resistance to chemicals and temperature.

Browse Report Summery @
https://www.gminsights.com/industry-analysis/performance-elastomers-market   

 

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

Industrial Cooling System Market is Projected to Witness Exponential Growth by 2025

Published Date: 2019-07-19         Author: Rahul Varpe

The rate of infrastructural and industrial development in developing nations of the APAC region is steadily driving industrial cooling system market outlook. According to a study by IMF (International Monetary Fund), the Asia Pacific region has witnessed a GDP growth rate of 5.1% in the year 2019. T... Read More

Ship plate market is set to register $ 38 bn revenue by 2025

Published Date: 2019-07-19         Author: Rahul Varpe

Asia Pacific will secure about 90% of the global ship plate market share over the forecast period. Factors like increasing shipbuilding activities, availability of shipbuilding infrastructure and supportive government investment will drive regional ship plate market growth. Moreover, presence of shi... Read More

Flanges Market Is Projected To Hit USD 6 Billion by 2025

Published Date: 2019-07-19         Author: Rahul Varpe

APAC flanges market is estimated to register commendable proceeds from wastewater management application. With expanding population and urbanization, wastewater management has become crucial across developing nations. Flanged pipes are mostly used in water and wastewater treatment plants due to thei... Read More

© 2019 Fractovia. All Rights Reserved