High Temperature Elastomers

High Temperature Elastomers

Global High Temperature Elastomers Market to Reach $18.8 Billion by 2027

In the changed post COVID-19 business landscape, the global market for High Temperature Elastomers estimated at US$12.8 Billion in the year 2020, is projected to reach a revised size of US$18.8 Billion by 2027, growing at a CAGR of 5.7% over the analysis period 2020-2027. Silicone Elastomers, one of the segments analyzed in the report, is projected to record a 6% CAGR and reach US$11.6 Billion by the end of the analysis period. Taking into account the ongoing post pandemic recovery, growth in the Fluorosilicone Elastomers segment is readjusted to a revised 5.7% CAGR for the next 7-year period.

The U.S. Market is Estimated at $3.8 Billion, While China is Forecast to Grow at 5.3% CAGR

The High Temperature Elastomers market in the U.S. is estimated at US$3.8 Billion in the year 2020. China, the world`s second largest economy, is forecast to reach a projected market size of US$3.3 Billion by the year 2027 trailing a CAGR of 5.3% over the analysis period 2020 to 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 5.4% and 4.5% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 4.6% CAGR.Fluorocarbon Elastomers Segment to Record 5.4% CAGR

In the global Fluorocarbon Elastomers segment, USA, Canada, Japan, China and Europe will drive the 5.4% CAGR estimated for this segment. These regional markets accounting for a combined market size of US$1.2 Billion in the year 2020 will reach a projected size of US$1.7 Billion by the close of the analysis period. China will remain among the fastest growing in this cluster of regional markets.

Select Competitors (Total 44 Featured) -

• 3M Company
• China National BlueStar (Group) Co., Ltd.
• Daikin Industries Ltd.
• DowDuPont, Inc.
• KCC Corporation
• Momentive Performance Materials, Inc.
• Shin-Etsu Chemical Co., Ltd.
• Solvay SA
• Wacker Chemie AG

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