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Global High Temperature Elastomers Market Size by Application - Forecast By 2027

The installation of high capital-oriented manufacturing units along with higher production cost of the elastomers as compared to that of ordinary elastomers is the major factor hindering the growth of the global high-temperature elastomers market.

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Global High Temperature Elastomers Market Size by Application - Forecast By 2027

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  1. Global High Temperature Elastomers Market

  2. About VynZ Research… • VynZ Research is a global market research firm offering research, analytics, and consulting services on business strategies. We have a recognized trajectory record and our research database is used by many renowned companies and institutions in the world to strategize and revolutionize business opportunities. The company focuses on providing valuable insights on various technology verticals such as Chemicals, Automotive, Transportation, Energy, Consumer Durables, Healthcare, ICT and other emerging technologies. • VynZ Research has one of the most qualified & experienced analysts, who are constantly tracking the markets and the technologies. The research team has years of proven experience and wide knowledge & understanding of the technology, application, business models, and regulators of the segments and the value chain involved. • A trusted & proven methodology that involves highest quality of primary research, secondary analysis collated & verified through various sources including cross checking with different industry experts. • Serving wide range of customers most of them from Fortune 2000 companies • With a dedicated 24x7 customer helpline our customers can reach for specifying their needs • Developing long term relationship with the clients and satisfying them is one of the crucial notches of the company. VynZ Research aims at gaining and retaining its clients in order to make long term customer relationship.

  3. Global High Temperature Elastomers Market The high-temperature elastomers that comprise 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. The global high temperature elastomers market is expected to generate revenue of USD 18.6 billion by 2027 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. Moreover, increasing urbanization and industrialization in emerging economies is expected to further bolster the growth of global high temperature elastomers market. The rampant demand from transportation mainly pertaining to aircrafts and automobile industry is further anticipated to contribute effectively towards the growth of global high temperature elastomers market.

  4. Global High Temperature Elastomers Market The rapid increase of automotive industry along with extensive utilization of high-temperature elastomers is majorly driving the growth of global high temperature elastomers market. The automotive industry in developing economies such as Latin America and Asia-Pacific are observing significant growth due to rapid growth in high temperature elastomers market. These elastomers serve various beneficial properties such as flexibility, durability and resistance to automotive lubricants and excessive heat. 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 14.5 billion by 2027.

  5. Global High Temperature Elastomers Market Moreover, increasing investment avenues in technological advancements along with utilization of these elastomers in oil & gas and other industries in several countries such as Saudi Arabia, Morocco, UAE, Dubai and in Middle East and Africa have further bolstered the growth of global high temperature elastomers market. Additionally, rampant growth of these elastomers in the consumer goods, healthcare, automobile and manufacturing domain in South American countries are pertaining towards the growth of this market. 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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