High Temperature Elastomers Market Growth by 2023 | Market Analysis, Size, Share, Trends and Key Players


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The High Temperature Elastomers Market overview growth is driven by the growing adoption of these elastomers in the automotive, healthcare, consumer goods, and electronics industries. The demand of high temperature elastomers is increasing in developing countries, owing to their consumption in various industries.

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Based on type, the high temperature elastomers market is categorized into fluorocarbon elastomer, perfluorocarbon elastomer, silicone elastomer, fluorosilicone elastomers, and others; ‘others’ include nitrile and polyacrylate. Of these, silicone elastomer was the dominant category in the market, with volume sales of more than 60.0% in 2017.

On the basis of application, the high temperature elastomers market is bifurcated into automobile and transportation, semiconductor and electronics, healthcare, consumer products, industrial machinery, and others; ‘other’ applications include construction and chemical processing. Semiconductor and electronics is expected to be the fastest growing category in the market, advancing at respective volume and value CAGRs of 6.8% and 7.8% during the forecast period.

The high temperature elastomers market in Asia-Pacific (APAC) is expected to register a CAGR of 7.4% during the forecast period, in terms of value. The growth of the APAC market is driven by the presence of various end-use industries, increase in construction activities, and rapid economic growth.

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Some of the major players operating in the global high temperature elastomers market are Dow Corning Corporation, KCC Corporation, Solvay S.A., Momentive Performance Materials Inc., Wacker Chemie AG, 3M Company, Daikin Industries, Ltd., RTP Company, Shin-Etsu Chemical Co., Ltd., and The Chemours Company.

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