Axiom MRC has updated all it's market research reports with the Economic Impact Analysis of COVID19 Pandemic on the market. Our team of analyst are following Comprehensive Three Dimensional (3D) Research Methodology along with large number primary interviews with key industry participants to bring insightful market reports to meet the current market requirements.
Performance elastomers are advanced polymers made of long chains of atom. They are composed of repeated units of a single monomer or of two or more different monomers. They are often characterized by high level of viscosity and elasticity, having the capacity to considerably deform and then return to the original shape, after removal of the force causing the deformation. Performance elastomers are complex materials that exhibit unique combinations of useful properties, the most important being resistance and flexibility. These products have very strong molecular bonds, resisting extreme temperature, highly reactive chemicals and hazardous gases such as ozone.
he global performance elastomers market is witnessing remarkable growth due to increasing use of performance elastomers in several end use industries such as automotive & transportation, building & construction, electrical & electronics, healthcare, industrial machinery etc. Moreover, wide acceptance of performance elastomers due to superior properties than standard elastomers and increasing purchasing power of consumers are fuelling the market growth. Furthermore, development of eco-friendly high performance elastomers and new grades of high performance elastomers are expected to provide growth opportunities to this market in the future. However, the global performance elastomers market is hampered by volatility in raw material prices and high production & switching costs.
The global pandemic of Coronavirus (COVID-19) outbreak has affected several industries badly all over the world. Many countries are under strict lockdown that has forced several sectors to shut down their operations that has led to various large companies and governments, to restock supply chains. The global pandemic of Coronavirus (COVID-19) outbreak has caused economic crisis all over the world. The demand for performance elastomers during this pandemic has faced a dual impact. Due to the shutdown of various industries, a downfall of demand for performance elastomers has been faced. However, demand from healthcare and consumer goods during this pandemic is driving the market.
The global Performance elastomer market is studied for the key regions such as North America, Europe, Asia Pacific and Rest of the World. North America region includes of U.S., Canada and Mexico. While Europe covers UK, France, Germany, Italy, Spain and Rest of Europe. Besides, Asia Pacific covers China, India, Japan and Rest of Asia Pacific. The Rest of the world comprise Latin America and Middle East & Africa. Asia Pacific is expected to account for the largest market share in the market during the forecast period. Intensifying demand for performance elastomers from the automotive and transportation industry are fuelling the growth of the market in this region.
The report analyses the global Performance elastomer market based on type, end use industry, and Geography. Based on Type it is segmented into nitrile-based elastomers, fluoroelastomers, silicone elastomers and others. End Use Industries studied on the report are automotive & transportation, building & construction, electrical & electronics, healthcare, industrial machinery, others.
The key companies in the Performance elastomer market are 3M Company, Arlanxeo, Daikin Industries, Ltd., DOW Corning Corporation, E. I. Du Pont De Nemours and Company, Momentive Performance Materials Inc., Shin-Etsu Chemical Co., Ltd., Solvay S.A., The DOW Chemical Company, Wacker Chemie AG, Zeon Chemicals L.P., Asahi Glass Co., Ltd., Exxon Mobil Corporation, Flexan, LLC, James Walker & Co., JSR Corporation, Kaco GmbH + Co. Kg, Kraiburg Tpe GmbH & Co. Kg and Mitsui Chemicals, Inc. New product launches and strategic acquisitions is primarily focused by many industry players so as to maintain competitive edge in the market. Furthermore, many companies are looking to engage in new geographical areas to cater the growing demand for performance elastomer in the market.
The report analyses the global Performance elastomer market based on type, end use industry, and Geography. Based on Type it is segmented into nitrile-based elastomers, fluoroelastomers, silicone elastomers and others. End Use Industries studied on the report are automotive & transportation, building & construction, electrical & electronics, healthcare, industrial machinery, others.
The global market is studied for the key regions such as, North America, Europe, Asia Pacific and Rest of the World. North America comprises of U.S., Canada and Mexico. Whereas, Europe covers UK, France, Germany, Italy, Spain. Asia Pacific covers China, India, Japan and Rest of Asia Pacific. The Rest of the world comprise Latin America and Middle East & Africa.
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