Global High Temperature Elastomers Market
High Temperature Elastomers Market size was over USD 13.92 billion in 2023 and is anticipated to cross USD 36.96 billion by 2036, growing at more than 7.8% CAGR during the forecast period i.e., between 2024-2036. In the year 2024, the industry size of high temperature elastomers is estimated at USD 14.79 billion.
The global elastomers industry is steadily increasing on account of the increased adoption and application of elastomers in various end-use sectors such as automotive, medical, consumer goods, and others.
Elastomers are classified into diene, non-diene, and thermoplastic elastomers. Diene elastomers are derived from monomers containing two sequential double bonds. Polyisoprene, polychloroprene, and polybutadiene are typical examples of diene elastomers. Contrarily, non-diene elastomers do not have any double bonds in the structure. Therefore, cross-linking in these requires other methods than vulcanization, such as divinyl monomers and trifunctional monomers or copolymerization with small diene monomers such as butadiene. Non-diene elastomers include polysiloxanes, polyurethane, butyl rubber, and fluoro-elastomers.
Another major category for elastomers is a thermoplastic elastomer (TPE), which exhibits dual characteristics, including high elasticity of thermoset vulcanized rubber at room temperature and processability of thermoplastics at high temperature. In addition, TPEs can be repeatedly deformed, melted, and cooled without affecting the standard product quality and thus can be recycled easily.
The major driving factor for the elastomers industry is the rapidly growing demand for lightweight, high-performance materials in the automotive industry. Concurrently, regulations pertaining to replaceable PVC with a comparatively eco-friendly alternative such as TPEs in the automotive and construction industries have also strengthened the high temperature elastomers market growth.
Author Credits: Rajrani Baghel
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