Performance Elastomers Market Size & Share 2017 - 2024
Market Size by Product (Silicone-based [High Consistency Rubber (HCR), Fluoro-Silicone Rubber (FSR)], Thermoplastic-based [Thermoplastic Copolyester Elastomers (TPE-Co), Thermoplastic Vulcanizate (TPE-V), Thermoplastic Polyamide Elastomers (TPE-PA)], Nitrile-based [Nitrile Butadiene Rubber (NBR), Hydrogenated Nitrile Rubber (HNBR)], Fluoroelastomers, Acrylate, Chlorinated), by End User (Automotive & Transportation, Building & Construction, Industrial Machinery, Electrical & Electronics, Food & Beverage, Consumer Goods), Industry Analysis Report, Regional Outlook, Application Growth Potential, Price Trends, & Forecast.Download Free PDF
Report Contents
Chapter 1. Methodology & Scope
1.1. Methodology
1.1.1. Initial data exploration
1.1.2. Statistical model and forecast
1.1.3. Industry insights and validation
1.1.4. Definitions & forecast parameters
1.2. Data sources
1.2.1. Secondary
1.2.2. Primary
Chapter 2. Executive Summary
2.1. Global performance elastomers industry 360° synopsis, 2013 – 2024
2.1.1. Business trends
2.1.2. Product by end-user trends
2.1.3. End-user trends
2.1.4. Regional trends
Chapter 3. Performance Elastomers Industry Insights
3.1. Industry segmentation
3.2. Industry size and forecast, 2013 – 2024
3.3. Industry ecosystem analysis
3.3.1. Profit margin analysis
3.3.2. Value addition at each stage
3.3.3. Distribution channel analysis
3.3.4. Vendor matrix
3.3.4.1. List of key manufacturers/suppliers
3.3.4.2. List of key/potential customers
3.4. Raw material trends
3.5. Technology trends
3.6. Industry impact forces
3.6.1. Growth drivers
3.6.1.1. Increasing adoption in automotive and transportation industry
3.6.1.2. Industrial development in the emerging countries
3.6.1.3. Performance superiority over conventional elastomers
3.6.2. Industry pitfalls & challenges
3.6.2.1. Volatile raw material prices
3.6.2.2. High manufacturing costs associated with the product
3.7. Regulatory trends
3.7.1. U.S.
3.7.2. Europe
3.7.3. China
3.8. Growth potential analysis
3.9. Competitive landscape
3.9.1. Company market share, 2016
3.9.2. Strategy dashboard
3.9.3. Patent analysis
3.10. Porter’s analysis
3.10.1. Supplier power
3.10.2. Buyer power
3.10.3. Threat of new entrants
3.10.4. Threat of substitutes
3.10.5. Industry rivalry
3.11. Regional price trends
3.11.1. Cost structure analysis
3.11.1.1. R&D cost
3.11.1.2. Manufacturing & equipment cost
3.11.1.3. Raw material cost
3.11.1.4. Distribution cost
3.11.1.5. Operating cost
3.11.1.6. Miscellaneous cost
3.11.2. Price by product
3.12. PESTEL analysis
Chapter 4. Performance Elastomers Market, Product by End-user
4.1. Global performance elastomers market share by product, 2016 & 2024
4.2. Silicone elastomers
4.2.1. Market estimates and forecast by end-user, 2013 – 2024
4.2.2. Automotive & transportation
4.2.3. Building & construction
4.2.4. Industrial machinery
4.2.5. Electrical & electronics
4.2.6. Food & beverage
4.2.7. Consumer goods
4.2.8. Market estimates and forecast by region, 2013 – 2024
4.2.9. Heat Cured/High Consistency Rubber (HCR)
4.2.9.1. Market estimates and forecast by end-user, 2013 – 2024
4.2.9.2. Automotive & transportation
4.2.9.3. Building & construction
4.2.9.4. Industrial machinery
4.2.9.5. Electrical & electronics
4.2.9.6. Food & beverage
4.2.9.7. Consumer goods
4.2.9.8. Market estimates and forecast by region, 2013 – 2024
4.2.10. Fluoro-Silicone Rubber (FSR)
4.2.10.1. Market estimates and forecast by end-user, 2013 – 2024
4.2.10.2. Automotive & transportation
4.2.10.3. Building & construction
4.2.10.4. Industrial machinery
4.2.10.5. Electrical & electronics
4.2.10.6. Food & beverage
4.2.10.7. Consumer goods
4.2.10.8. Market estimates and forecast by region, 2013 – 2024
4.2.11. Others
4.2.11.1. Market estimates and forecast by end-user, 2013 – 2024
4.2.11.2. Automotive & transportation
4.2.11.3. Building & construction
4.2.11.4. Industrial machinery
4.2.11.5. Electrical & electronics
4.2.11.6. Food & beverage
4.2.11.7. Consumer goods
4.2.11.8. Market estimates and forecast by region, 2013 – 2024
4.3. Thermoplastic elastomers
4.3.1. Market estimates and forecast by end-user, 2013 – 2024
4.3.2. Automotive & transportation
4.3.3. Building & construction
4.3.4. Industrial machinery
4.3.5. Electrical & electronics
4.3.6. Food & beverage
4.3.7. Consumer goods
4.3.8. Market estimates and forecast by region, 2013 – 2024
4.3.9. Thermoplastic copolyester elastomers (TPE-Co)
4.3.9.1. Market estimates and forecast by end-user, 2013 – 2024
4.3.9.2. Automotive & transportation
4.3.9.3. Building & construction
4.3.9.4. Industrial machinery
4.3.9.5. Electrical & electronics
4.3.9.6. Food & beverage
4.3.9.7. Consumer goods
4.3.9.8. Market estimates and forecast by region, 2013 – 2024
4.3.10. Thermoplastic vulcanizate (TPE-V)
4.3.10.1. Market estimates and forecast by end-user, 2013 – 2024
4.3.10.2. Automotive & transportation
4.3.10.3. Building & construction
4.3.10.4. Industrial machinery
4.3.10.5. Electrical & electronics
4.3.10.6. Food & beverage
4.3.10.7. Consumer goods
4.3.10.8. Market estimates and forecast by region, 2013 – 2024
4.3.11. Thermoplastic polyamide elastomers (TPE-PA)
4.3.11.1. Market estimates and forecast by end-user, 2013 – 2024
4.3.11.2. Automotive & transportation
4.3.11.3. Building & construction
4.3.11.4. Industrial machinery
4.3.11.5. Electrical & electronics
4.3.11.6. Food & beverage
4.3.11.7. Consumer goods
4.3.11.8. Market estimates and forecast by region, 2013 – 2024
4.3.12. Others
4.3.12.1. Market estimates and forecast by end-user, 2013 – 2024
4.3.12.2. Automotive & transportation
4.3.12.3. Building & construction
4.3.12.4. Industrial machinery
4.3.12.5. Electrical & electronics
4.3.12.6. Food & beverage
4.3.12.7. Consumer goods
4.3.12.8. Market estimates and forecast by region, 2013 – 2024
4.4. Nitrile based elastomers
4.4.1. Market estimates and forecast by end-user, 2013 – 2024
4.4.2. Automotive & transportation
4.4.3. Building & construction
4.4.4. Industrial machinery
4.4.5. Electrical & electronics
4.4.6. Food & beverage
4.4.7. Consumer goods
4.4.8. Market estimates and forecast by region, 2013 – 2024
4.4.9. Nitrile Butadiene Rubber (NBR)
4.4.9.1. Market estimates and forecast by end-user, 2013 – 2024
4.4.9.2. Automotive & transportation
4.4.9.3. Building & construction
4.4.9.4. Industrial machinery
4.4.9.5. Electrical & electronics
4.4.9.6. Food & beverage
4.4.9.7. Consumer goods
4.4.9.8. Market estimates and forecast by region, 2013 – 2024
4.4.10. Hydrogenated Nitrile Rubber (HNBR)
4.4.10.1. Market estimates and forecast by end-user, 2013 – 2024
4.4.10.2. Automotive & transportation
4.4.10.3. Building & construction
4.4.10.4. Industrial machinery
4.4.10.5. Electrical & electronics
4.4.10.6. Food & beverage
4.4.10.7. Consumer goods
4.4.10.8. Market estimates and forecast by region, 2013 – 2024
4.5. Fluoroelastomers
4.5.1. Market estimates and forecast by end-user, 2013 – 2024
4.5.2. Automotive & transportation
4.5.3. Building & construction
4.5.4. Industrial machinery
4.5.5. Electrical & electronics
4.5.6. Food & beverage
4.5.7. Consumer goods
4.5.8. Market estimates and forecast by region, 2013 – 2024
4.6. Acrylate elastomers
4.6.1. Market estimates and forecast by end-user, 2013 – 2024
4.6.2. Automotive & transportation
4.6.3. Building & construction
4.6.4. Industrial machinery
4.6.5. Electrical & electronics
4.6.6. Food & beverage
4.6.7. Consumer goods
4.6.8. Market estimates and forecast by region, 2013 – 2024
4.7. Chlorinated elastomers
4.7.1. Market estimates and forecast by end-user, 2013 – 2024
4.7.2. Automotive & transportation
4.7.3. Building & construction
4.7.4. Industrial machinery
4.7.5. Electrical & electronics
4.7.6. Food & beverage
4.7.7. Consumer goods
4.7.8. Market estimates and forecast by region, 2013 – 2024
4.8. Others
4.8.1. Market estimates and forecast by end-user, 2013 – 2024
4.8.2. Automotive & transportation
4.8.3. Building & construction
4.8.4. Industrial machinery
4.8.5. Electrical & electronics
4.8.6. Food & beverage
4.8.7. Consumer goods
4.8.8. Market estimates and forecast by region, 2013 – 2024
Chapter 5. Performance Elastomers Market, By End-User
5.1. Global performance elastomers market share by end-user, 2016 & 2024
5.2. Automotive & transportation
5.2.1. Market estimates and forecast, 2013 – 2024
5.2.2. Market estimates and forecast by region, 2013 – 2024
5.3. Building & construction
5.3.1. Market estimates and forecast, 2013 – 2024
5.3.2. Market estimates and forecast by region, 2013 – 2024
5.4. Industrial machinery
5.4.1. Market estimates and forecast, 2013 – 2024
5.4.2. Market estimates and forecast by region, 2013 – 2024
5.5. Electrical & electronics
5.5.1. Market estimates and forecast, 2013 – 2024
5.5.2. Market estimates and forecast by region, 2013 – 2024
5.6. Food & beverage
5.6.1. Market estimates and forecast, 2013 – 2024
5.6.2. Market estimates and forecast by region, 2013 – 2024
5.7. Consumer goods
5.7.1. Market estimates and forecast, 2013 – 2024
5.7.2. Market estimates and forecast by region, 2013 – 2024
5.8. Others
5.8.1. Market estimates and forecast, 2013 – 2024
5.8.2. Market estimates and forecast by region, 2013 – 2024
Chapter 6. Performance Elastomers Market, By Region
6.1. Global performance elastomers market share by region, 2016 & 2024
6.2. North America
6.2.1. Market estimates and forecast, 2013 – 2024
6.2.2. Market estimates and forecast of product by end-user, 2013 – 2024
6.2.3. Market estimates and forecast by end-user, 2013 – 2024
6.2.4. U.S.
6.2.4.1. Market estimates and forecast, 2013 – 2024
6.2.4.2. Market estimates and forecast of product by end-user, 2013 – 2024
6.2.4.3. Market estimates and forecast by end-user, 2013 – 2024
6.2.5. Canada
6.2.5.1. Market estimates and forecast, 2013 – 2024
6.2.5.2. Market estimates and forecast of product by end-user, 2013 – 2024
6.2.5.3. Market estimates and forecast by end-user, 2013 – 2024
6.3. Europe
6.3.1. Market estimates and forecast, 2013 – 2024
6.3.2. Market estimates and forecast of product by end-user, 2013 – 2024
6.3.3. Market estimates and forecast by end-user, 2013 – 2024
6.3.4. Germany
6.3.4.1. Market estimates and forecast, 2013 – 2024
6.3.4.2. Market estimates and forecast of product by end-user, 2013 – 2024
6.3.4.3. Market estimates and forecast by end-user, 2013 – 2024
6.3.5. UK
6.3.5.1. Market estimates and forecast, 2013 – 2024
6.3.5.2. Market estimates and forecast of product by end-user, 2013 – 2024
6.3.5.3. Market estimates and forecast by end-user, 2013 – 2024
6.3.6. France
6.3.6.1. Market estimates and forecast, 2013 – 2024
6.3.6.2. Market estimates and forecast of product by end-user, 2013 – 2024
6.3.6.3. Market estimates and forecast by end-user, 2013 – 2024
6.3.7. Spain
6.3.7.1. Market estimates and forecast, 2013 – 2024
6.3.7.2. Market estimates and forecast of product by end-user, 2013 – 2024
6.3.7.3. Market estimates and forecast by end-user, 2013 – 2024
6.3.8. Italy
6.3.8.1. Market estimates and forecast, 2013 – 2024
6.3.8.2. Market estimates and forecast of product by end-user, 2013 – 2024
6.3.8.3. Market estimates and forecast by end-user, 2013 – 2024
6.3.9. Russia
6.3.9.1. Market estimates and forecast, 2013 – 2024
6.3.9.2. Market estimates and forecast of product by end-user, 2013 – 2024
6.3.9.3. Market estimates and forecast by end-user, 2013 – 2024
6.4. Asia Pacific
6.4.1. Market estimates and forecast, 2013 – 2024
6.4.2. Market estimates and forecast of product by end-user, 2013 – 2024
6.4.3. Market estimates and forecast by end-user, 2013 – 2024
6.4.4. China
6.4.4.1. Market estimates and forecast, 2013 – 2024
6.4.4.2. Market estimates and forecast of product by end-user, 2013 – 2024
6.4.4.3. Market estimates and forecast by end-user, 2013 – 2024
6.4.5. India
6.4.5.1. Market estimates and forecast, 2013 – 2024
6.4.5.2. Market estimates and forecast of product by end-user, 2013 – 2024
6.4.5.3. Market estimates and forecast by end-user, 2013 – 2024
6.4.6. Japan
6.4.6.1. Market estimates and forecast, 2013 – 2024
6.4.6.2. Market estimates and forecast of product by end-user, 2013 – 2024
6.4.6.3. Market estimates and forecast by end-user, 2013 – 2024
6.4.7. Australia
6.4.7.1. Market estimates and forecast, 2013 – 2024
6.4.7.2. Market estimates and forecast of product by end-user, 2013 – 2024
6.4.7.3. Market estimates and forecast by end-user, 2013 – 2024
6.4.8. Indonesia
6.4.8.1. Market estimates and forecast, 2013 – 2024
6.4.8.2. Market estimates and forecast of product by end-user, 2013 – 2024
6.4.8.3. Market estimates and forecast by end-user, 2013 – 2024
6.4.9. Malaysia
6.4.9.1. Market estimates and forecast, 2013 – 2024
6.4.9.2. Market estimates and forecast of product by end-user, 2013 – 2024
6.4.9.3. Market estimates and forecast by end-user, 2013 – 2024
6.4.10. South Korea
6.4.10.1. Market estimates and forecast, 2013 – 2024
6.4.10.2. Market estimates and forecast of product by end-user, 2013 – 2024
6.4.10.3. Market estimates and forecast by end-user, 2013 – 2024
6.5. Latin America (LATAM)
6.5.1. Market estimates and forecast, 2013 – 2024
6.5.2. Market estimates and forecast of product by end-user, 2013 – 2024
6.5.3. Market estimates and forecast by end-user, 2013 – 2024
6.5.4. Brazil
6.5.4.1. Market estimates and forecast, 2013 – 2024
6.5.4.2. Market estimates and forecast of product by end-user, 2013 – 2024
6.5.4.3. Market estimates and forecast by end-user, 2013 – 2024
6.5.5. Mexico
6.5.5.1. Market estimates and forecast, 2013 – 2024
6.5.5.2. Market estimates and forecast of product by end-user, 2013 – 2024
6.5.5.3. Market estimates and forecast by end-user, 2013 – 2024
6.6. Middle East & Africa (MEA)
6.6.1. Market estimates and forecast, 2013 – 2024
6.6.2. Market estimates and forecast of product by end-user, 2013 – 2024
6.6.3. Market estimates and forecast by end-user, 2013 – 2024
6.6.4. South Africa
6.6.4.1. Market estimates and forecast, 2013 – 2024
6.6.4.2. Market estimates and forecast of product by end-user, 2013 – 2024
6.6.4.3. Market estimates and forecast by end-user, 2013 – 2024
6.6.5. GCC
6.6.5.1. Market estimates and forecast, 2013 – 2024
6.6.5.2. Market estimates and forecast of product by end-user, 2013 – 2024
6.6.5.3. Market estimates and forecast by end-user, 2013 – 2024
Chapter 7. Company Profiles
7.1. The 3M Company
7.1.1. Business overview
7.1.2. Financial data
7.1.3. Product landscape
7.1.4. Strategic outlook
7.1.5. SWOT analysis
7.2. Arlanxeo
7.2.1. Business overview
7.2.2. Financial data
7.2.3. Product landscape
7.2.4. Strategic outlook
7.2.5. SWOT analysis
7.3. Momentive Performance Materials Holding Inc
7.3.1. Business overview
7.3.2. Financial data
7.3.3. Product landscape
7.3.4. Strategic outlook
7.3.5. SWOT analysis
7.4. Dow Dupont Inc.
7.4.1. Business overview
7.4.2. Financial data
7.4.3. Product landscape
7.4.4. Strategic outlook
7.4.5. SWOT analysis
7.5. Solvay S.A.
7.5.1. Business overview
7.5.2. Financial data
7.5.3. Product landscape
7.5.4. Strategic outlook
7.5.5. SWOT analysis
7.6. Daikin Industries Ltd.
7.6.1. Business overview
7.6.2. Financial data
7.6.3. Product landscape
7.6.4. Strategic outlook
7.6.5. SWOT analysis
7.7. Mitsui Chemicals Inc.
7.7.1. Business overview
7.7.2. Financial data
7.7.3. Product landscape
7.7.4. Strategic outlook
7.7.5. SWOT analysis
7.8. Exxon Mobil Corporation
7.8.1. Business overview
7.8.2. Financial data
7.8.3. Product landscape
7.8.4. Strategic outlook
7.8.5. SWOT analysis
7.9. Tosoh Corporation
7.9.1. Business overview
7.9.2. Financial data
7.9.3. Product landscape
7.9.4. Strategic outlook
7.9.5. SWOT analysis
7.10. Zeon Chemicals
7.10.1. Business overview
7.10.2. Financial data
7.10.3. Product landscape
7.10.4. Strategic outlook
7.10.5. SWOT analysis
7.11. Dow Corning Corporation
7.11.1. Business overview
7.11.2. Financial data
7.11.3. Product landscape
7.11.4. Strategic outlook
7.11.5. SWOT analysis
7.12. Wacker Chemie AG
7.12.1. Business overview
7.12.2. Financial data
7.12.3. Product landscape
7.12.4. Strategic outlook
7.12.5. SWOT analysis
7.13. Shin-Etsu Chemical Co., Ltd.
7.13.1. Business overview
7.13.2. Financial data
7.13.3. Product landscape
7.13.4. Strategic outlook
7.13.5. SWOT analysis
7.14. Flexan LLC
7.14.1. Business overview
7.14.2. Financial data
7.14.3. Product landscape
7.14.4. Strategic outlook
7.14.5. SWOT analysis
7.15. Kuraray
7.15.1. Business overview
7.15.2. Financial data
7.15.3. Product landscape
7.15.4. Strategic outlook
7.15.5. SWOT analysis
7.16. Showa Denko K.K
7.16.1. Business overview
7.16.2. Financial data
7.16.3. Product landscape
7.16.4. Strategic outlook
7.16.5. SWOT analysis
7.17. Reiss Manufacturing, Inc.
7.17.1. Business overview
7.17.2. Financial data
7.17.3. Product landscape
7.17.4. Strategic outlook
7.17.5. SWOT analysis
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Base Year: 2016
Companies covered: 17
Tables & Figures: 1208
Countries covered: 19
Pages: 750
Download Free PDF
Base Year: 2016
Companies covered: 17
Tables & Figures: 1208
Countries covered: 19
Pages: 750
Download Free PDF
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Kiran Pulidindi. 2018, January. Performance Elastomers Market Size By Product (Silicone-based [High Consistency Rubber (HCR), Fluoro-Silicone Rubber (FSR)], Thermoplastic-based [Thermoplastic Copolyester Elastomers (TPE-Co),Thermoplastic Vulcanizate (TPE-V), Thermoplastic Polyamide Elastomers (TPE-PA)], Nitrile-based [Nitrile Butadiene Rubber (NBR), Hydrogenated Nitrile Rubber (HNBR)], Fluoroelastomers, Acrylate, Chlorinated), By End-User (Automotive & Transportation, Building & Construction, Industrial Machinery, Electrical & Electronics, Food & Beverage, Consumer Goods), Industry Analysis Report, Regional Outlook, Application Growth Potential, Price Trends, Competitive Market Share & Forecast, 2017 – 2024 (Report ID: GMI2264). Global Market Insights Inc. Retrieved April 29, 2026, from https://www.gminsights.com/toc/details/performance-elastomers-market

Performance Elastomers Market
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Performance Elastomers Market Size
Performance Elastomers Market size was recorded at around USD 8 billion in 2016 and will witness growth at over 7.5% CAGR from 2017 to 2024.
Incessant efforts by the automobile and aerospace component manufacturers to reduce their vehicle weight while improving its operational characteristics will augment the global performance elastomers market in the coming years. These manufacturers face regular challenges of finding materials that can cope with extreme temperatures from sub-zero to engine block heat, exposure to hydrocarbons such as fuel, lubricants, and coolant, as well as various chemical reactions involving ozone, nitrous oxides, sulfides, and various other salts. Rising automobile sales around the globe, especially in the developing nations of Asia Pacific such as China, India, South Korea, and the Southeast Asian countries, will positively influence the overall performance elastomers market. Both China and the U.S. witnessed a shift towards high performance and relatively expensive sport-utility vehicles and crossovers from normal passenger cars in the past year and this trend will continue in the coming years as the per capita income of the population increases.
The performance elastomers market includes various specialty products such as hoses, seals, gaskets, timing belts, diaphragms, etc. and is extensively where a very high durability with minimal degradation over long time periods is required. Continuous development in the industrial sector around the globe in order to increase the efficiency of different machines such as power generators, motors, oilfield exploration machineries, mining equipment, etc. will have a significant influence on the industry growth throughout the forecast span. According to the world bank, value addition from manufacturing sector increased from USD 1.92 trillion in 2010 to USD 3.25 trillion in 2015 in China, paving ways for numerous industrial innovations in the region.
One of the major restraining factors for the global performance elastomers market growth is the high cost associated with the product manufacturing. Processing of these products to provide the required toughness and heat and chemical resistance tends to increase the cost of these specialty products over the standard commodity elastomers. Specific and critical application areas of these products make their use obligatory, thus increasing the product cost. This factor will have a negative influence on the performance elastomers market in the coming years.
Performance Elastomers Market Analysis
Silicone based products dominated the overall performance elastomers market with over a third of the market share in 2016. Among the different silicone products, the most popular product type was high consistency silicone rubber accounting for over USD 1.5 billion in 2016. Temperature resistance of the product lies close to that of the fluorine based products, including fluoro-silicone and fluorocarbon rubber, and it is available at relatively low price, making it a product of choice among various end-users.
Performance thermoplastic elastomers accounted for over a quarter of the global market size and will witness a steady growth throughout the forecast span. This product segment has been further categorized into thermoplastic copolyester (TPE-Co), thermoplastic polyamide (TPE-PA), thermoplastic vulcanizate (TPE-V), and others including aliphatic thermoplastic polyurethane (A-TPE-U), thermoplastic acrylates (TPE-Ac), etc.
Fluoroelastomers will be the fastest growing product segment of the global performance elastomers market due to its extremely high thermal and chemical resistance. High product price will characterize the segment as its application in majorly concentrated in the automotive and transportation sector.
Automotive & transportation sector is the most dominant end-user industry for the global performance elastomers market accounting for more than half of the overall share. The product can easily withstand high temperatures inside the engine cylinders and can replace metal parts to assist in the overall vehicular weight reduction. These specialty products are used to make various critical OEM as well as replacement parts for automobiles as well as airplanes.
Industrial machinery sector accounted for over USD 800 million for the performance elastomers industry in 2016. These products find use in the manufacturing of various equipment and machineries where harsh ambient conditions are prevalent, such as in oil rigs, metalworking and foundry industries, smelting applications, etc.
Asia Pacific, driven by the vast manufacturing base in the emerging economies of the region, will hold sway the global performance elastomers market throughout the forecast span. The regional market was worth more than USD 4 billion in 2016 and will have the fastest growth rate in the next seven years. Product demand from various end-user segments in the region will witness immense growth in the near future as local consumer purchase parity increases with the evolving middle class population.
North America and Europe had a combined market share of around 40% of the global performance elastomers market in 2016. These regions will witness slow to moderate growth trends and lose their shares to the developing regions such as Asia Pacific and Latin America. This can be accounted to the shift of the manufacturing units towards these regions, driven by low cost labor and lenient government norms.
Performance Elastomers Market Share
Global performance elastomers market competitive landscape is characterized by the presence of several corporate giants such as
There are several other important market players involved in the development and marketing of these specialty products.
These companies focus on continuous R&D works to develop new product chemistries and meet specific customer demands, thus enhancing their portfolio and maintaining their position in the performance elastomers industry. They also participate in different merger and acquisition activities in order to expand their production capacities as well as global reach.