The global High-Temperature Elastomer Market is Segmented By Type(Fluorocarbon Elastomers, Perfluorocarbon Elastomers, Fluorsilicone Elastomers, Silicone Elastomers, Others), By Application(Transportation, Electrical and Electronics, Healthcare, Industrial Machinery, Others), and By Region (North America, Latin America, Europe, Asia Pacific, Middle East, and Africa) – Share, Size, Outlook, and Opportunity Analysis, 2023-2030
High-Temperature Elastomer Market Overview
The global high-temperature elastomer market is to growing at a high CAGR within the forecast period.
High-Temperature Elastomer Market Summary
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Metrics |
Details |
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Market CAGR |
High |
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Segments Covered |
By Type, By Application, and By Region |
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Report Insights Covered |
Competitive Landscape Analysis, Company Profile Analysis, Market Size, Share, Growth, Demand, Recent Developments, Mergers and acquisitions, New Product Launches, Growth Strategies, Revenue Analysis, and Other vital insights. |
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Fastest Growing Region |
Asia Pacific |
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Largest Market Share |
North America |
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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.
High-Temperature Elastomer Market Trends
Rapidly growing demand for lightweight, high-performance materials in the automotive industry and other industries drives high-temperature elastomers' market share.
Rapidly growing demand for lightweight, high-performance materials in the automotive industry coupled with other sectors 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 lightweighting 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.
Vac 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. 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 on High-Temperature Elastomer Market Growth
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 the 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 the 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.
High-Temperature Elastomer Market Shares Analysis
The global high-temperature elastomer market can be segmented by 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 by type into fluorocarbon elastomers, perfluorocarbon elastomers, fluoro silicone elastomers, 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 that 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.
High-Temperature Elastomer Market 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 in 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. The 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, 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.
High-Temperature Elastomer Companies and 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
