Automobile and Transportation Segment Expected to Hold More than 40% of the Overall High Temperature Elastomers Market in 2025: P&S Market Research

Print
| Source: P&S Market Research

NEW YORK, April 19, 2018 (GLOBE NEWSWIRE) -- According to the market research report published by P&S Market Research, global high temperature elastomers market is expected to cross $10.2 billion by 2022, growing at a CAGR of over 7.6% between 2016-2022. The rapidly growing automotive industry especially in emerging economies of Asia-Pacific, Africa and Latin America is generating significant demand for high temperature elastomers.

Based on application, the global high temperature elastomers market has been segmented into automobile and transportation, electrical and electronics, industrial machinery, consumer products, and healthcare. The automobile and transportation segment is projected to witness the fastest growth between 2016-2022. The segment is also expected to hold more than 40% of the overall market in 2025.

Request to get the sample pages: https://www.psmarketresearch.com/market-analysis/high-temperature-elastomers-market/report-sample

The growing application of high temperature elastomers in automotive, consumer goods and electrical and electronics industry are promoting the growth of high temperature elastomers market in the developing economies. Demand for high temperature is attributed to growing economies and industrialization in developing economies. The growth of the Asia-Pacific high temperature elastomers industry is driven by presence of various end-use industries, increase in construction activities and rapid economic growth. Additionally, the growing economies of China and India are anticipated to drive the growth of the Asia-Pacific market due to the increasing industrial base in these countries. Middle East and Africa (MEA) is expected to witness similar growth as compared with other regions, especially in the growing economies including Brazil, South Africa, and GCC countries. These markets offer various opportunities for high temperature elastomers market to grow at a significant rate.

Explore Report Description at: https://www.psmarketresearch.com/market-analysis/high-temperature-elastomers-market

In terms of volume or value, Europe was the largest consumer of high temperature elastomers in 2015, The European consumption of high temperature elastomers is expected to reach 330.5 kilotons by 2022. Europe being one of the largest markets for automobile industry is expected to drive the demand for high temperature elastomers during the forecast period. Additionally, the health care industry, in the developed economies such as the U.K., Germany, France and Italy, is expected to fuel the demand of high temperature elastomers market during the forecast period.

Some of the key players in the global high temperature elastomers market include E.I. du Pont de Nemours and Company, The Dow Chemical Company, Momentive Performance Materials Inc., Solvay S.A., 3M, Wacker Chemie A.G., Bluestar Silicones, Daikin Industries, Shin-Etsu Chemical Co. Ltd. and RTP Company.

More Published Reports by P&S Market Research

Digital Inks Market

Different commercial printings require high throughput printing with high resolution in different size of pages. Digital inks address this demand, thus making commercial printing its largest application. Packaging is another key application area of digital inks. Among different packaging applications, labels contributed the largest revenue to the global digital inks market for packaging in 2016.

https://www.psmarketresearch.com/market-analysis/digital-inks-market

Lubricants Market for Mining and Quarry Applications

As per the findings of research, the coal mining emanated the largest demand for lubricants market for mining and quarry applications, by end-use. Mineral oil lubricants have been the largest revenue generator in the global lubricants market for mining and quarry applications. Hydraulic is the largest segment in lubricants market for mining and quarry applications, by equipment function.

https://www.psmarketresearch.com/market-analysis/lubricants-market-for-mining-and-quarry-applications

About P&S Market Research

P&S Market Research is a market research company, which offers market research and consulting services for various geographies around the globe. We provide market research reports, industry forecasting reports, business intelligence, and research-based consulting services across different industry/business verticals.

As one of the top growing market research agency, we’re keen upon providing market landscape and accurate forecasting. Our analysts and consultants are proficient with business intelligence and market analysis, through their interaction with leading companies of the concerned domain. We help our clients with B2B market research and assist them in identifying various windows of opportunity, and framing informed and customized business expansion strategies in different regions.

Contact:
P&S Market Research

347, 5th Ave. #1402

New York City, NY - 10016

Toll-free: +1-888-778-7886 (USA/Canada)

Email: enquiry@psmarketresearch.com

Web: https://www.psmarketresearch.com

Connect with us: LinkedIn | Twitter | Google + | Facebook