Global High-Temperature Elastomer Market - 2022-2029

Global High-Temperature Elastomer Market - 2022-2029

Market Overview

The global high-temperature elastomer market size was worth US$ XX million in 2021 and is estimated to record significant growth by reaching up to US$ XX million by 2029, growing at a CAGR of XX% within the forecast period (2022-2029).

Elastomers are polymers that possess elasticity and viscosity coupled with weak intermolecular forces. When a deforming force is eliminated, the elastic feature of elastomers allows them to return to their previous shape. Elastomer monomers are made up of carbon, hydrogen, oxygen and silicon. Elastomer monomers combine to make elastomeric polymers. Thermosetting and thermoplastic characteristics both are present in elastomers. Thermoplastic elastomers polymer melts at a particular temperature.

Thermosetting elastomers do not melt easily at extremely high temperatures. Thermosetting elastomers are elastomers that can withstand high temperatures. High-temperature elastomers do not melt; instead, at high temperatures, they become gaseous. In general, high-temperature elastomers are insoluble in ordinary solvents like water. High-temperature elastomers are chemically inactive, making them chemically resistant and anti-corrosive.

Tires, seat coverings and other rubber items made from high-temperature elastomers are widely employed in the vehicle and transportation industries. High-temperature elastomers include fluorosilicone elastomers, fluorocarbon elastomers, silicone elastomers and perfluorocarbon elastomers, to name a few. Other important industries that use them as additives include electrical and electronics, industrial machinery, consumer goods and health care.

Market Dynamics

Rapidly growing demand for lightweight, high-performance materials in the automotive industry and other industries is driving high-temperature elastomers' market share.

Rapidly growing demand for lightweight, high-performance materials in the automotive industry coupled with other industries is driving the market share for high-temperature elastomers

The automotive industry faces high and constantly rising challenges: cutting noise and emissions, increasing safety and performance, reducing weight and improving comfort. Automotive light-weighting integrates structural lightweight design and manufacturing technology with various lightweight materials to ensure automotive use, safety performance and cost control requirements. The lightweight helps to reduce the quality of the automobile as much as possible, thereby improving the quality of the automobile power, reducing fuel consumption and reducing exhaust pollution.

Experiments have indicated that a 10% drop in curb quality can boost fuel economy by 6-8 percent. A 100-kilogram reduction can cut fuel consumption by 0.3-0.6 liters per 100 kilometers while lowering CO2 emissions by 5 grams per km.

As a result of the necessity for environmental protection and energy conservation, automotive lightweight has become a global development trend in automobile technology, with lightweight materials being the primary development path. High-temperature elastomers are used as key materials for automobile lightweight and the rising demand for lightweight automotive components has escalated the demand for the product in the automotive industry.

The automobile sector in emerging economies is rapidly increasing, particularly in Asia-Pacific and North America, resulting in high demand for these elastomers. Because of their durability, flexibility and resistance to heat and automotive lubricants, these elastomers are favored for hoses, dampers, seals, boots and gaskets.

For instance, DuPont offers Vamac ethylene acrylic elastomer (AEM), the most widely specified elastomer in the automotive industry. Because of its combination of lasting flexibility and resilience to heat and automotive lubricants, it is the material of choice for hoses, seals, boots, dampers and gaskets.

Vamac is available in various grades to provide the exact qualities required for certain applications. As a result of customer demand, fresh innovation emerges. The Vamac® Ultra HT ethylene acrylic elastomer (AEM) provides continuous heat resistance up to 180°C with peaks up to 200°C, as well as increased mechanical qualities. As engine environments become hotter — and more difficult to handle — this product was created to handle car turbo hoses and air ducts.

High-performance elastomers are also employed in various other industries, such as transportation, oil & gas, aerospace, electrical and healthcare. For example, they're employed in the transportation industry to make specialty rubber, tires and seat covers. Other industries that employ them as additives include healthcare, electronics and consumer goods.

High installation investment of high temperature elastomers is challenging the market growth

The installation of high-capital-intensive production units is the main factor limiting the growth of the high-temperature elastomers market. The cost of manufacturing these elastomers is higher than that of typical elastomers. Regular elastomers may be cost-effective, but typical elastomers lose their effectiveness when the temperature rises and tend to fail. Components created from high-performance materials may be more expensive than those made from other elastomers, but the added security is thought to justify the increased cost.

COVID-19 Impact Analysis

The sudden emergence of the COVID-19 pandemic prompted strict lockdown measures in some countries, causing delays in importing and exporting high-performance elastomers.

Due to a low worker force, industrial facility closures and supply chain disruptions worldwide, the recent COVID-19 pandemic has negatively influenced the global high temperature elastomer market size. Furthermore, automotive holds a major market share of the high temperature elastomers market. The reduction in the automotive industry has shown an unprecedented impact on the market's growth.

The COVID-19 pandemic has had a rapid and devastating impact on the global automotive sector. Chinese parts shipments are being disrupted, large-scale manufacturing disruptions occur across Europe and assembly factories in U.S. are closing. The shutdown of manufacturing units puts a lot of pressure on a sector already dealing with a downturn in global demand.

Despite promising news on vaccine progress, significant dangers remain and we continue to anticipate that sales in Europe and U.S will not recover to pre-COVID levels until at least 2023. Meanwhile, China's recovery is accelerating, with sales of new vehicles reaching 30 million by 2025.

Segment Analysis

The global high temperature elastomer market can be segmented on type, application and region.

Silicone elastomer offers excellent high-temperature resistance, with some compounds able to sustain temperatures of up to 305 degrees Celsius, leading to creating market demand in various end-users

The global high temperature elastomer market is segmented on type into fluorocarbon elastomers, perfluorocarbon elastomers, fluoro silicone elastomers and silicone elastomers and others. Out of the mentioned type, silicone elastomers hold a market-dominating position. Silicone elastomers refer to vulcanized silicone-based polymers, often known as silicone elastomeric. Solids, open-cell foams, closed-cell sponges, thermally conductive and electrically conductive silicone elastomers or rubber compounds are easily available. From 10 durometer Shore A (soft) to 70 durometer Shore A (hard), solid silicone sheets or solid molded silicone parts are easily accessible (firm).

Silicone is the most popular extreme temperature rubber on the market. The rubber has excellent high-temperature resistance, with some compounds can sustain up to 305 degrees Celsius temperatures. Silicone is suitable for UV, ozone and weathering applications, although it is not suggested for use with certain temperatures and may not always provide the mechanical qualities required.

Silicone rubbers, also known as elastomers, are a class of heat-stable, elastic silicone materials used for electrical insulation in sheet, tape, wire and cable coverings, extruded moldings, as well as coated glass-fiber cloths, tapes and braided glass sleeving.

Geographical Analysis

Demand for high-temperature elastomeric compounds has risen as construction activity in Asia-Pacific has increased, leading to creating product demand in the region

Asia-Pacific is seeing tremendous economic growth, fueled mostly by the construction industry's expansion. Demand for high-temperature elastomeric compounds has risen as construction activity in Asia-Pacific has increased. The fastest-growing market for high-temperature elastomers is Asia-Pacific. The region's growing number of vehicle manufacturing enterprises has pushed the demand for high-temperature elastomers even further.

Furthermore, due to many electrical and electronics manufacturing enterprises, economies such as China, Japan, South Korea and India boost demand for elastomers throughout Asia-Pacific. Asia-Pacific accounts for two-fifths of the global market for high-temperature elastomers.

The second-largest market for high-temperature elastomers is North America. The key driving demand for high temperature elastomers in North America is large investments across construction and building, health care and consumer products. U.S. dominates the high temperature elastomers market in North America in terms of revenue and volume.

In Europe, the building and automobile industries were hit hard by the recession of 2009. On the other hand, the European countries are quickly recovering from the economic depression. The need for elastomers in the region has risen due to this. Europe is one of the most important markets for auto parts. Demand for high-temperature elastomers is projected to increase as a result.

Competitive Landscape

The global high temperature elastomer market is highly competitive with local and global companies. Some prime companies contributing to the market's growth are The Chemours Company, China National BlueStar (Group) Co, Ltd, KCC CORPORATION, DOW, Momentive, Wacker Chemie AG, Daikin Industries Ltd, Solvay, 3M, RTP Company, Shin-Etsu Chemical Co. Ltd, DuPont, Evonik Industries AG, Andhra Petrochemicals Ltd., OQ Chemicals GmbH, Exxon Mobil Corporation and others.

The major companies are adopting several growth strategies such as acquisitions, product launches and collaborations, contributing to the global growth of the high temperature elastomer market

In June 2020, WACKER expanded its silicone elastomer production unit in China

DuPont

Overview: DuPont is an American company formed on August 31, 2017, by Dow Chemical and E. I. du Pont de Nemours and Company and Dow Inc. and Corteva merger. The company is the world's growing chemical corporation in sales before the spinoffs. DuPont was placed No. 35 on the 2019 Fortune 500 list of the largest U.S. public firms, with total revenue of US$86 billion in 2018.

Product Portfolio

Hytrel thermoplastic polyester elastomer: The elastomer is produced by combing the resistance and flexibility of elastomers with plastic strength and the processability of thermoplastics.

Key Development

In 2016, DuPont lauded 2 new grades of ethylene acrylic elastomers—Vamac VMX5000 and VMX2122 at the recent International Elastomer Conference in Cleveland

Why Purchase the Report?
• Visualize the global high temperature elastomer market segmentation by type, application and region, highlighting key commercial assets and players.
• Identify commercial opportunities in the global high temperature elastomer market by analyzing trends and co-development deals.
• Excel data sheet with thousands of global high temperature elastomer market-level 4/5 segmentation points.
• PDF report with the most relevant analysis cogently put together after exhaustive qualitative interviews and in-depth market study.
• Product mapping in excel for the key product of all major market players

The global high temperature elastomer market report would provide approximately 53 market data tables, 46 figures and 190 pages.

Target Audience 2022
• Service Providers/ Buyers
• Automotive Companies
• Research Laboratory
• Manufacturers
• Logistics companies
• Distributors