Global High-Temperature Silicone Market –
Drivers, Restraints, Opportunities, Trends, and Forecasts up to 2022
Silicone elastomers quickly grabbed the
market when they were introduced in the mid-20th century. The properties such
as fuel & oil resistance, higher temperature stability, and lower smoke
within affordable price range attracted the customers.
The silicones that can operate at a
consistent higher temperature (usually around and above 150°C) are termed as
high-temperature silicones. Consistently growing industrialization, increasing
miniaturization, and improving high temperature technologies are giving rise to
increase in high temperature materials, thus giving opportunities for
high-temperature silicones. Few new high performance chemicals have been
developed in the past decades, and have proven themselves useful in major
application areas of industrial and automotive, yet the suitable price range
and oil resistant properties of silicones give them an edge over competing
chemicals.
Silicone elastomers are the major
contributors to the high-temperature silicone market followed by silicone
coatings. Silicone elastomers, being premium products, are preferred over
thermoplastic elastomers due to silicone’s high thermal resistance, which are
used in the high temperature change areas. Automotive and construction
industries are the major contributors to the high-temperature silicone market
owing to high demand from developing countries and increased investments by the
companies. This trend is expected to continue during the forecast period as
well. China, which contributed the majority of the revenue in 2016 is estimated
to continue to lead the market until 2022.
The expected economic stability in Europe
will boost its industrial and automotive industry, thereby increasing
opportunities for the high-temperature silicone market. Supportive government
regulations to increase the chemical production and higher disposable income
will drive the market growth.
The study of the global high-temperature
silicone market provides the market size information and market trends along
with the factors and parameters impacting it in both short and long term. The
study ensures a 360° view, bringing out the complete key insights of the
industry. These insights help the business decision makers to make better
business plans and informed decisions for the future business. In addition, the
study helps the venture capitalist in understanding the companies better and
take informed decisions.
The production market is very competitive
in the high-temperature silicone market with the presence of many big
multinational companies competing among each other. All the companies are
making huge investments in R&D to innovate novel products with the
objective of attaining more customers and thus increasing their market share.
Some of the prominent companies operating in the high-temperature silicone
market are BASF SE, Momentive Performance Materials Inc., Dow Corning
Corporation, Elkem AS, and Wacker Chemie AG, among many others.
Report
Scope:
- Products
- High-Temperature Elastomers
- High-Temperature Coatings
- High-Temperature Sealants & Adhesives
- High-Temperature Industrial Plastics
- End-Use Applications
- Automotive
- Construction
- Industrial
- Electrical & Electronics
- Others
- Regions
- Asia Pacific
- Europe
- North America
- Rest of the World
- Industry outlook: market trends and
drivers, restraints, and opportunities
Spanning over 123 pages “Global
High Temperature Silicon Market – Drivers, Opportunities, Trends &
Forecasts up to 2022” report covers Report Outline, Executive
Summary, Market Positioning, Market Outlook, Market Characteristics, Products:
Market Size and Analysis, End-user Applications: Market Size and Analysis,
Regions: Market Size and Analysis, Companies to Watch for, Competitive
Landscape, Expert’s Views.
Please visit this link for more details: http://mrr.cm/UzR
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