The Society of Industrial Automobile Manufacturers (SIAM) reveals that a total of 22,652,108 vehicles will be produced in India. Furthermore, the International Organization of Motor Vehicle Manufacturers (OICA) states that China, Indonesia, and Brazil will produce 19,994,081 units, 551,400 units, and 1,608,870 units of cars, respectively, in 2020. The surging automobile production in these emerging economies is creating a huge requirement for high temperature elastomers, due to their surging use in hoses, boots, gaskets, boots, and dampers. This is due to the high flexibility, durability, and resistance to heat offered by such elastomers.
Fluorocarbon elastomers, silicone elastomers, perfluorocarbon elastomers, nitrile, fluorosilicone elastomers, polyacrylate, and nitrile are the different types of high temperature elastomers being used in various end-use industries. At present, silicone elastomers are consumed in the highest quantity, due to their soaring consumption as sealants and structural glazing materials in the construction industry and increasing application in vibration dampers and cure place gaskets in the automotive industry. Automobile manufacturers use this elastomer to meet the bonding, insulating, and sealing needs of the industry.
Currently, the aforementioned high temperature elastomers are being manufactured by Dow Corning Corporation, Daikin Industries Ltd., The Chemours Company, KCC Corporation, RTP Company, Solvay S.A., Shin-Etsu Chemical Co. Ltd., Momentive Performance Materials Inc., 3M Company, and Wacker Chemie AG. These companies are focusing on promoting the use of such elastomers in end-use industries through advertisements and campaign programs, owing to the accelerating urbanization rate and strengthening economy in developing countries, such as India, China, Brazil, and Indonesia.
Nowadays, high temperature elastomer manufacturing companies are focusing on the development of advanced variants. Thus, such companies are heavily investing in research and development (RD) processes to develop new products and expand the application base of such substances. Moreover, the rising need for new and advanced polymers with unique properties, owing to the transforming manufacturing sector, will also encouraging the elastomer producers to invest in RD. The requirement for advanced variants can be achieved by improved control of molecular structure, formulation of existing polymers types, and copolymerization.
According to PS Intelligence, the Asia-Pacific (APAC) high temperature elastomers market is expected to accelerate at the highest rate in the upcoming years. This can be credited to the presence of a large number of electrical and electronics manufacturers, surge in construction activities, and rapid economic growth, in the region. Moreover, the expanding manufacturing sector in India and China will also create a huge requirement for high temperature elastomers in APAC.
Thus, the booming automobile industry and the widening application base of high temperature elastomers in the healthcare, aerospace, oil and gas, and transport industries will augment the market growth in the coming years.
