Performance elastomers are advanced polymers made of long chains of atom. They are composed of repeated units of a single monomer or of two or more different monomers. They are often characterized by high level of viscosity and elasticity, having the capacity to considerably deform and then return to the original shape, after removal of the force causing the deformation. Performance elastomers are complex materials that exhibit unique combinations of useful properties, the most important being resistance and flexibility. These products have very strong molecular bonds, resisting extreme temperature, highly reactive chemicals and hazardous gases such as ozone. The global performance elastomers market is estimated and forecasted in terms of revenue (USD million) generated by the global market. The global performance elastomers market is witnessing remarkable growth due to increasing use of performance elastomers in several end use industries such as automotive & transportation, building & construction, electrical & electronics, healthcare, industrial machinery etc. Moreover, wide acceptance of performance elastomers due to superior properties than standard elastomers and increasing purchasing power of consumers are fuelling the market growth. Furthermore, development of eco-friendly high performance elastomers and new grades of high performance elastomers are expected to provide growth opportunities to this market in the future. However, the global performance elastomers market is hampered by volatility in raw material prices and high production & switching costs. The report analyses the global performance elastomers market based on type, end use industry and geography. Based on type, this market is segmented into nitrile-based elastomers (including nitrile butadiene rubber (NBR) and hydrogenated nitrile rubber (HNBR)), fluoroelastomers (including fluorocarbon elastomers (FKM), perfluoroelastomers (FFKM) and fluorosilicone elastomers (FVMQ)), silicone elastomers (including high temperature vulcanized (HTV), liquid silicone rubber (LSR) and room temperature vulcanized (RTV)) and others (including chlorinated polyethylene (CPE), polyacrylate rubber (ACM), ethylene acrylic elastomers (AEM) and ethylene vinyl acetate elastomers (EVM). Among all types, the silicone based types accounted for the largest share of the performance elastomers market in 2017. Silicone-based performance elastomers uphold adhesion at high temperature range and can adhere to difficult surfaces, thus driving the segment growth. Based on end use industry, this market is segmented into automotive & transportation, building & construction, electrical & electronics, healthcare, industrial machinery, others (consumer goods and oil & gas). Among these, the healthcare segment is anticipated to grow at a lucrative rate, chiefly due to the growing usage of performance elastomers for production of medical devices. By geography, the global performance elastomers market is studied across the countries of key regions such as, North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. In 2017, Asia Pacific dominated the global performance elastomers market. Intensifying demand for performance elastomers from the automotive and transportation industry are fuelling the growth of Asia Pacific. Furthermore, the demand for performance elastomers is increasing in Europe, due to robust growth of infrastructure, saturation of market conditions and intense competition among sellers. Some of the key market players of the global performance elastomers market include 3M Company, Arlanxeo, Daikin Industries, Ltd., DOW Corning Corporation, E. I. Du Pont De Nemours and Company, Momentive Performance Materials Inc., Shin-Etsu Chemical Co., Ltd., Solvay S.A., The DOW Chemical Company, Wacker Chemie AG, Zeon Chemicals L.P., Asahi Glass Co., Ltd., Exxon Mobil Corporation, Flexan, LLC, James Walker & Co., JSR Corporation, Kaco GmbH + Co. Kg, Kraiburg Tpe GmbH & Co. Kg and Mitsui Chemicals, Inc. Strategies such as product innovation and collaborations are adopted by global players as well as regional players, to maintain the product superiority, thus interpreting market sustainability.
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