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Performance elastomer market forecast to reach $14 billion by 2024

Friday, January 19, 2018
Selbyville, DE - Performance Elastomers Market is expected to reach $14 billion by 2024, according to a research report by Global Market Insights, Inc. Superior characteristics of performance elastomers provide the niche sector an additional edge over regular elastomers, as it helps in increasing the overall efficiency of the product where it is applied. Several research and development works along with patent filings by different corporate giants show the enormous capacities of the performance elastomers market in the future. These products have very strong molecular bonds, providing resistance to extreme temperature, highly reactive chemicals, potentially dangerous gases such as ozone, as well as fuel and other aliphatic and aromatic hydrocarbons. These properties make it ideal for use in critical application sectors such as aerospace fuel systems, auto fuel emission controls, etc., giving a significant boost to the global performance elastomers market. Volatility in the raw material prices may adversely affect the global performance elastomers market in coming years, as many manufacturers will find it difficult to maintain a regular supply. The global demand-supply dynamics, crude oil price fluctuations and its consequent impact on the prices of the synthetic substitutes, as well as the variations in the exchange rates of major synthetic elastomer trading countries will significantly restrain the market development in coming years. The key performance elastomers studied in this report include silicone, thermoplastic, nitrile based, fluoroelastomers, acrylate and chlorinated elastomers. Minor products such as etheylene vinyl acetate (EVA) elastomers, ethylene propylene copolymers (EPDM), polysulfide rubber, etc., have been considered in the others segment. Silicone elastomers will generate revenue worth more than USD 6.5 billion in 2024, witnessing growth at over 8 percent CAGR in the forecast years. Fluoroelastomers are the fastest developing product segment and are likely to be worth more than $1.5 billion by the end of the forecast spell, driven by their high resistance to temperature and chemical reactions. High performance elastomers such as fluoroelastomers, fluorosilicone rubber and hydrogenated nitrile rubber (HNBR) are among the costliest product segments, having strong influence on the market revenue in spite of low volumetric demand. Performance elastomers are most extensively used in the automotive and transportation industry due to their capability to withstand extreme heat inside engine blocks, exhaust systems, and fuel systems. They are used for the production of seals and gaskets, O-rings, belts, hoses, diaphragms, etc., replacing metal components, thus reducing the overall vehicle weight. This sector will account for more than $8 billion by the end of 2024, thus dominating the total performance elastomers industry through the forecast time frame. Growing demand for high performance SUVs and sports cars, shifting focus towards increasing the efficiency of military, passenger and commercial aircrafts, and developing trends of space travel will drive the overall industry in the coming years. Asia Pacific will be the largest performance elastomers market over the forecast years with more than 55 percent of the overall industry by 2024. Prevalence of a highly mature and developing automotive industry in this region will augment the regional market significantly in the next few years. Key performance elastomers market participants include 3M Company, Arlanxeo, Dow Corning, Momentive Performance Materials, Daikin, Exxon Mobil, Dow Dupont, Solvay, Shin-Etsu Chemical, Tosoh Corporation, Zeon Chemicals, Mitsui Chemical, and Wacker Chemie. High entry barriers restrict small and medium enterprises from entering the industry, but the presence of several multinational companies characterizes the overall competitive landscape. - * Email


The Month in Review - Past 30 Days

Friday, February 16, 2018
A. Schulman to be acquired by LyondellBasell for $2.25 billion
Rhein Chemie to present new solutions for the tire industry at Tire Technology Expo
TARRC Rubber Consultants to exhibit at Tire Technology Expo 2018 in Hannover
Polyurethane additives market forecast to reach $2.75 billion by 2021
Book of the Day - Resistance and Stability of Polymers

Thursday, February 15, 2018
Global nitrile butadiene rubber market is expected to reach $2.59 billion by 2025
Northeastern U.S. rubber flooring manufacturer is being put up for auction
Bridgestone and Versalis partner to expand guayule research efforts
Malaysia reports 14 percent increase in production of natural rubber for December

Wednesday, February 14, 2018
Zeon sees 22 percent sales increase in elastomer business for first three quarters
TechnoBiz offers specialized training course for the rubber processing industry this April in Jakarta
Global latex medical disposables market forecast to reach $6.7 billion by 2025
Malaysia sees the use of cold mix asphalt and rubber as a boost for industry
Polyone begins thermoplastic elastomer production at Pune, India facility

Tuesday, February 13, 2018
Mid-Atlantic Rubber & Plastics Group holds spring technical meeting May 10
Companies can be listed in the Rubber Industry Buyer's Guide, a supplement for GRTE 2018
Silicone additives market forecast to reach $1.7 billion by 2022
Global natural rubber prices increased by 5 percent in January
Mitsui Chemicals posts record high profit for 2017

Monday, February 12, 2018
ARPM's 2018 State of the Rubber Industry report is now available
Zochem in conjunction with ARPM offers a plant tour of its Dickson, TN, zinc oxide facility
Sabic announces plans to expand capacity for Ultemt and Norylt resin production
Cooper Tire enters offtake agreement with Sailun Vietnam
Goodyear reports fourth quarter and full year 2017

Friday, February 09, 2018
Cooper Tire to open new Mississippi distribution center
Book of the day - Rubber Molding Principles
ASTM International seeks input for recovered carbon black standards
Yokohama's Advan Sport tire to be original equipment on the BMW X3
Airless tire market is set to reach $200 million by 2024

Thursday, February 08, 2018
Falken Tires selected as original equipment on the 2019 Ram 1500
Bridgestone commits to end deforestation
Awards from Utech North America recognize leaders in the polyurethanes industry
Silicone surfactants market forecast to reach $5.73 billion by 2022
Thailand asks farmers to cut down rubber trees to boost prices

Wednesday, February 07, 2018
Global butyl rubber market forecast to reach $4.2 billion by 2025
Continental honored as one of Fortune magazine's Most Admired Companies for 2018
Apollo Tyres announces third quarter results
Rahco Rubber earns ISO 9001:2015 certification
Cooper Tire to announce fourth quarter and full year results on February 20

Tuesday, February 06, 2018
Jesse Flores joins Harwick Standard as a technical sales representative
IPCR builds genetic database for rubber tree research
Orion Engineered Carbons announces price increase on all specialty carbon blacks
Zeon to supply solution-polymerized rubber to Yokohama Rubber

Monday, February 05, 2018
Vietnam Rubber Group's IPO raises less than a quarter of its targeted offering
Nokian Tyres to be investigated for options trading by Finnish Police
Smith Industrial Rubber & Plastics acquired by Singer Equities
Showa Holdings expands into rubber lining manufacturing in Vietnam
Indian Rubber Board sets up sheet rubber workshop program

Friday, February 02, 2018
Book of the day - Fatigue, Stress and Strain of Rubber Components, by Judson Bauman
Elkem Silicones to showcase long-term implantable silicones at MD&M West
Rubber Division, ACS, offers $100 discount for online rubber courses through March 15
BASF to construct new MDI synthesis unit at Louisiana site
Alliance Rubber files anti-dumping petition against Thailand, China and Sri Lanka

Thursday, February 01, 2018
USTMA urges Ohio House committee to approve unsafe used tire legistlation
Kraiburg TPE starts up extrusion line at Waldkraiburg site
Nexen Tire recognized at Good Design Awards 2017
Global performance elastomers market is expected to reach $19.19 billion by 2023

Wednesday, January 31, 2018
Cooper Tire's board of directors elects Jerry Bialek as vice president and treasurer
MacLellan Rubber announces technical breakthrough in nitrosamine-free rubber
Indian tire industry seeks duty-free imports of rubber to cover domestic deficit
Goodyear to report fourth quarter results February 8
Global automotive elastomers market forecast to reach $9.2 billion by 2024

Tuesday, January 30, 2018
Silicone additives market forecast to reach $1.7 billion by 2022
R.D. Abbott highlights innovations in additive 3D printing at MD&M West
Safic-Alcan announces extended partnership with Orion Engineered Carbons in Iberia and Eastern Europe
Synthetic latex polymers market forecast to reach $34.53 billion by 2022
Global nitrile butadiene rubber market to reach $2.59 billion by 2025

Monday, January 29, 2018
Hallstar promotes Damian Marshall and Varun Mathur as vice presidents
Material testing market forecast to reach $787.7 million by 2022
PolyOne reports fourth quarter and full year results for 2017
Goodyear introduces 85,000-mile limited tread life warranty with its new Assurance MaxLife tire
Yokohama celebrates 40th anniversary of Advan tire with new logo
BASF declares force majeure in North America on 1,4-butanediol (BDO) and its derivatives

Friday, January 26, 2018
Book of the Day - Rubber Extrusion Technology Short Course Notes
Yokohama Rubber creates the world's largest floating pneumatic rubber fender
Global medical grade silicone market forecast to reach $1.84 billion by 2023
ARPM releases newly created SP-912 description of standard reference recipe for exhaust gas condensate
Tire Consumer names Chan Patel as CEO

Thursday, January 25, 2018
Indiana House of Representatives passes unsafe used tire legislation
Fort Wayne Rubber and Plastics Group will hold a technical meeting February 8
Michelin reaches settlement with Tire Mart over patent design infringements
Synthetic rubber market expected to register a CAGR of 5.5 percent through 2022

Wednesday, January 24, 2018
Safic-Alcan announces extended partnership with Orion Engineered Carbons in Iberia and Eastern Europe
Registration for GRTE 2018 - Global Rubber, Latex & Tyre Expo 2018 is now open
Penn State researchers develop 3-D printing method for silicone
Arlanxeo North America names new CEO and CFO
Yokohama to expand capacity for its off-highway facilities in India

Tuesday, January 23, 2018
Core Molding Technologies acquires Horizon Plastics International
U.S. Tire Manufacturers Association elects Michelin North America chairman to its board of directors
Apollo Tyres named as one of India’s Best Workplaces in Manufacturing
American Biltrite investing $11 million to expand flooring, rubber plant in Sherbrooke, Quebec
Synthetic latex polymer market forecast to reach $34.53 billion by 2022

Monday, January 22, 2018
Chicago Rubber Group holds Basics of Rubber Technology course
Goodyear pilots advanced tire maintenance program for on-demand mobility services
Cambodian rubber exports up 30 percent from last year
Polymax TPE to boost production at its TPE plant in Illinois
Nakata Engineering chooses BPS Engineering to represent North and South American markets

Friday, January 19, 2018
Tahoma Rubber and Plastics expands capacity and adds staff
Performance elastomer market forecast to reach $14 billion by 2024
Michelin discusses the impact of worn tires at NAIAS
Falken Tires to become a sponsor of the Detroit Red Wings
USTMA urges Indiana to enact unsafe used tire legislation




Todays Headlines



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