Overview of the global performance elastomers market
The improving purchasing power and significant economic growth in emerging economies such as China and India are resulting in an increased demand for automotive vehicles, which in turn, is propelling the adoption of performance elastomer. The demand for performance elastomers will continue to increase due to ongoing industrialization, global trade activities, and the growth of the automotive industry in emerging markets. Technavio’s market research report identifies the rising adoption of performance elastomers in the automotive industry to be one of the primary growth drivers for the global performance elastomers market till 2022. Technavio’s market research analysts predict that the market will grow at a CAGR of more than 7% by 2022.
In terms of geography, APAC accounted for the majority market share of the performance elastomers market during 2017. The market is expected to witness growth in the region during the predicted period due to the growing shift of focus of vehicle manufacturers to countries in the APAC region. This is due to the saturation of market conditions and intense competition among vendors.
Companies covered
The performance elastomers market appears to be highly fragmented due to the presence of a large number of vendors. This industry research report offers information about the competitive environment among players in this marketspace and offers an analysis of key companies and their products. Additionally, our analysts also offer information about key areas the players of the high performance elastomers market currently focus on and strategies they follow to sustain the competition.
This research report provides an analysis of various companies in the market including
- 3M
- DAIKIN INDUSTRIES
- DowDuPont
- Shin-Etsu Chemical
- Solvay
- ZEON CORPORATION
Segmentation by product and analysis of the performance elastomers market
- Silicone
- Nitrile
- Fluoroelastomers
The silicone product type of performance elastomers is extensively used in various end-user industries, which in turn, will positively influence the high performance elastomers market during the estimated period.
Segmentation by end-user and analysis of the performance elastomers market
- Automotive
- Electrical and electronics
- Construction
- Medical
During 2017, the automotive segment contributed the majority of share toward the performance elastomers market. The growing demand for performance elastomers in the automotive industry will drive the growth prospects for the high performance elastomers market in the forthcoming years.
Key questions answered in the report include
- What will the market size and the growth rate be in 2022?
- What are the key factors driving the global performance elastomers market?
- What are the key market trends impacting the growth of the global performance elastomers market?
- What are the challenges to market growth?
- Who are the key vendors in the global performance elastomers market?
- What are the market opportunities and threats faced by the vendors in the global performance elastomers market?
- What are the trending factors influencing the market shares of the Americas, APAC, and EMEA?
- What are the key outcomes of the five forces analysis of the global performance elastomers market?
Technavio also offers customization on reports based on specific client requirement.