Performance Elastomer Market By Type, By End Use Industry: Global Opportunity Analysis and Industry Forecast, 2021-2031

Table of Contents

CHAPTER 1: INTRODUCTION
1.1. Report description
1.2. Key market segments
1.3. Key benefits to the stakeholders
1.4. Research Methodology
1.4.1. Secondary research
1.4.2. Primary research
1.4.3. Analyst tools and models

CHAPTER 2: EXECUTIVE SUMMARY
2.1. Key findings of the study
2.2. CXO Perspective

CHAPTER 3: MARKET OVERVIEW
3.1. Market definition and scope
3.2. Key findings
3.2.1. Top investment pockets
3.3. Porter’s five forces analysis
3.4. Top player positioning
3.5. Market dynamics
3.5.1. Drivers
3.5.2. Restraints
3.5.3. Opportunities
3.6. COVID-19 Impact Analysis on the market
3.7. Pricing Analysis
3.8. Value Chain Analysis
3.9. Key Regulation Analysis
3.10. Patent Landscape

CHAPTER 4: PERFORMANCE ELASTOMER MARKET, BY TYPE
4.1 Overview
4.1.1 Market size and forecast
4.2 Nitrile based Elastomers
4.2.1 Key market trends, growth factors and opportunities
4.2.2 Market size and forecast, by region
4.2.3 Market share analysis by country
4.2.4 Nitrile based Elastomers Performance Elastomer Market by Type
4.2.4.1 Nitrile Butadiene Rubber Market size and forecast, by region
4.2.4.2 Nitrile Butadiene Rubber Market size and forecast, by country
4.2.4.3 Hydrogenated Nitrile Based Rubber Market size and forecast, by region
4.2.4.4 Hydrogenated Nitrile Based Rubber Market size and forecast, by country
4.3 Silicone Elastomers
4.3.1 Key market trends, growth factors and opportunities
4.3.2 Market size and forecast, by region
4.3.3 Market share analysis by country
4.3.4 Silicone Elastomers Performance Elastomer Market by Type
4.3.4.1 High Temperature Vulcanized Market size and forecast, by region
4.3.4.2 High Temperature Vulcanized Market size and forecast, by country
4.3.4.3 Liquid Silicone Rubber Market size and forecast, by region
4.3.4.4 Liquid Silicone Rubber Market size and forecast, by country
4.3.4.5 Room Temperature Vulcanized Market size and forecast, by region
4.3.4.6 Room Temperature Vulcanized Market size and forecast, by country
4.4 Fluoroelastomers
4.4.1 Key market trends, growth factors and opportunities
4.4.2 Market size and forecast, by region
4.4.3 Market share analysis by country
4.4.4 Fluoroelastomers Performance Elastomer Market by Type
4.4.4.1 Fluorocarbon Elastomers Market size and forecast, by region
4.4.4.2 Fluorocarbon Elastomers Market size and forecast, by country
4.4.4.3 Perfluoroelastomers Market size and forecast, by region
4.4.4.4 Perfluoroelastomers Market size and forecast, by country
4.4.4.5 Fluorosilicone Elastomers Market size and forecast, by region
4.4.4.6 Fluorosilicone Elastomers Market size and forecast, by country
4.5 Others
4.5.1 Key market trends, growth factors and opportunities
4.5.2 Market size and forecast, by region
4.5.3 Market share analysis by country

CHAPTER 5: PERFORMANCE ELASTOMER MARKET, BY END USE INDUSTRY
5.1 Overview
5.1.1 Market size and forecast
5.2 Automotive and Transportation
5.2.1 Key market trends, growth factors and opportunities
5.2.2 Market size and forecast, by region
5.2.3 Market share analysis by country
5.3 Healthcare
5.3.1 Key market trends, growth factors and opportunities
5.3.2 Market size and forecast, by region
5.3.3 Market share analysis by country
5.4 Industrial Machinery
5.4.1 Key market trends, growth factors and opportunities
5.4.2 Market size and forecast, by region
5.4.3 Market share analysis by country
5.5 Building and Construction
5.5.1 Key market trends, growth factors and opportunities
5.5.2 Market size and forecast, by region
5.5.3 Market share analysis by country
5.6 Electrical and Electronics
5.6.1 Key market trends, growth factors and opportunities
5.6.2 Market size and forecast, by region
5.6.3 Market share analysis by country
5.7 Others
5.7.1 Key market trends, growth factors and opportunities
5.7.2 Market size and forecast, by region
5.7.3 Market share analysis by country

CHAPTER 6: PERFORMANCE ELASTOMER MARKET, BY REGION
6.1 Overview
6.1.1 Market size and forecast
6.2 North America
6.2.1 Key trends and opportunities
6.2.2 North America Market size and forecast, by Type
6.2.2.1 North America Nitrile based Elastomers Performance Elastomer Market by Type
6.2.2.2 North America Silicone Elastomers Performance Elastomer Market by Type
6.2.2.3 North America Fluoroelastomers Performance Elastomer Market by Type
6.2.3 North America Market size and forecast, by End Use Industry
6.2.4 North America Market size and forecast, by country
6.2.4.1 U. S.
6.2.4.1.1 Key market trends, growth factors and opportunities
6.2.4.1.2 Market size and forecast, by Type
6.2.4.1.2.1 U. S. Nitrile based Elastomers Performance Elastomer Market by Type
6.2.4.1.2.2 U. S. Silicone Elastomers Performance Elastomer Market by Type
6.2.4.1.2.3 U. S. Fluoroelastomers Performance Elastomer Market by Type
6.2.4.1.3 Market size and forecast, by End Use Industry
6.2.4.2 Canada
6.2.4.2.1 Key market trends, growth factors and opportunities
6.2.4.2.2 Market size and forecast, by Type
6.2.4.2.2.1 Canada Nitrile based Elastomers Performance Elastomer Market by Type
6.2.4.2.2.2 Canada Silicone Elastomers Performance Elastomer Market by Type
6.2.4.2.2.3 Canada Fluoroelastomers Performance Elastomer Market by Type
6.2.4.2.3 Market size and forecast, by End Use Industry
6.2.4.3 Mexico
6.2.4.3.1 Key market trends, growth factors and opportunities
6.2.4.3.2 Market size and forecast, by Type
6.2.4.3.2.1 Mexico Nitrile based Elastomers Performance Elastomer Market by Type
6.2.4.3.2.2 Mexico Silicone Elastomers Performance Elastomer Market by Type
6.2.4.3.2.3 Mexico Fluoroelastomers Performance Elastomer Market by Type
6.2.4.3.3 Market size and forecast, by End Use Industry
6.3 Europe
6.3.1 Key trends and opportunities
6.3.2 Europe Market size and forecast, by Type
6.3.2.1 Europe Nitrile based Elastomers Performance Elastomer Market by Type
6.3.2.2 Europe Silicone Elastomers Performance Elastomer Market by Type
6.3.2.3 Europe Fluoroelastomers Performance Elastomer Market by Type
6.3.3 Europe Market size and forecast, by End Use Industry
6.3.4 Europe Market size and forecast, by country
6.3.4.1 Germany
6.3.4.1.1 Key market trends, growth factors and opportunities
6.3.4.1.2 Market size and forecast, by Type
6.3.4.1.2.1 Germany Nitrile based Elastomers Performance Elastomer Market by Type
6.3.4.1.2.2 Germany Silicone Elastomers Performance Elastomer Market by Type
6.3.4.1.2.3 Germany Fluoroelastomers Performance Elastomer Market by Type
6.3.4.1.3 Market size and forecast, by End Use Industry
6.3.4.2 UK
6.3.4.2.1 Key market trends, growth factors and opportunities
6.3.4.2.2 Market size and forecast, by Type
6.3.4.2.2.1 UK Nitrile based Elastomers Performance Elastomer Market by Type
6.3.4.2.2.2 UK Silicone Elastomers Performance Elastomer Market by Type
6.3.4.2.2.3 UK Fluoroelastomers Performance Elastomer Market by Type
6.3.4.2.3 Market size and forecast, by End Use Industry
6.3.4.3 France
6.3.4.3.1 Key market trends, growth factors and opportunities
6.3.4.3.2 Market size and forecast, by Type
6.3.4.3.2.1 France Nitrile based Elastomers Performance Elastomer Market by Type
6.3.4.3.2.2 France Silicone Elastomers Performance Elastomer Market by Type
6.3.4.3.2.3 France Fluoroelastomers Performance Elastomer Market by Type
6.3.4.3.3 Market size and forecast, by End Use Industry
6.3.4.4 Spain
6.3.4.4.1 Key market trends, growth factors and opportunities
6.3.4.4.2 Market size and forecast, by Type
6.3.4.4.2.1 Spain Nitrile based Elastomers Performance Elastomer Market by Type
6.3.4.4.2.2 Spain Silicone Elastomers Performance Elastomer Market by Type
6.3.4.4.2.3 Spain Fluoroelastomers Performance Elastomer Market by Type
6.3.4.4.3 Market size and forecast, by End Use Industry
6.3.4.5 Italy
6.3.4.5.1 Key market trends, growth factors and opportunities
6.3.4.5.2 Market size and forecast, by Type
6.3.4.5.2.1 Italy Nitrile based Elastomers Performance Elastomer Market by Type
6.3.4.5.2.2 Italy Silicone Elastomers Performance Elastomer Market by Type
6.3.4.5.2.3 Italy Fluoroelastomers Performance Elastomer Market by Type
6.3.4.5.3 Market size and forecast, by End Use Industry
6.3.4.6 Rest of Europe
6.3.4.6.1 Key market trends, growth factors and opportunities
6.3.4.6.2 Market size and forecast, by Type
6.3.4.6.2.1 Rest of Europe Nitrile based Elastomers Performance Elastomer Market by Type
6.3.4.6.2.2 Rest of Europe Silicone Elastomers Performance Elastomer Market by Type
6.3.4.6.2.3 Rest of Europe Fluoroelastomers Performance Elastomer Market by Type
6.3.4.6.3 Market size and forecast, by End Use Industry
6.4 Asia-Pacific
6.4.1 Key trends and opportunities
6.4.2 Asia-Pacific Market size and forecast, by Type
6.4.2.1 Asia-Pacific Nitrile based Elastomers Performance Elastomer Market by Type
6.4.2.2 Asia-Pacific Silicone Elastomers Performance Elastomer Market by Type
6.4.2.3 Asia-Pacific Fluoroelastomers Performance Elastomer Market by Type
6.4.3 Asia-Pacific Market size and forecast, by End Use Industry
6.4.4 Asia-Pacific Market size and forecast, by country
6.4.4.1 China
6.4.4.1.1 Key market trends, growth factors and opportunities
6.4.4.1.2 Market size and forecast, by Type
6.4.4.1.2.1 China Nitrile based Elastomers Performance Elastomer Market by Type
6.4.4.1.2.2 China Silicone Elastomers Performance Elastomer Market by Type
6.4.4.1.2.3 China Fluoroelastomers Performance Elastomer Market by Type
6.4.4.1.3 Market size and forecast, by End Use Industry
6.4.4.2 India
6.4.4.2.1 Key market trends, growth factors and opportunities
6.4.4.2.2 Market size and forecast, by Type
6.4.4.2.2.1 India Nitrile based Elastomers Performance Elastomer Market by Type
6.4.4.2.2.2 India Silicone Elastomers Performance Elastomer Market by Type
6.4.4.2.2.3 India Fluoroelastomers Performance Elastomer Market by Type
6.4.4.2.3 Market size and forecast, by End Use Industry
6.4.4.3 Japan
6.4.4.3.1 Key market trends, growth factors and opportunities
6.4.4.3.2 Market size and forecast, by Type
6.4.4.3.2.1 Japan Nitrile based Elastomers Performance Elastomer Market by Type
6.4.4.3.2.2 Japan Silicone Elastomers Performance Elastomer Market by Type
6.4.4.3.2.3 Japan Fluoroelastomers Performance Elastomer Market by Type
6.4.4.3.3 Market size and forecast, by End Use Industry
6.4.4.4 South Korea
6.4.4.4.1 Key market trends, growth factors and opportunities
6.4.4.4.2 Market size and forecast, by Type
6.4.4.4.2.1 South Korea Nitrile based Elastomers Performance Elastomer Market by Type
6.4.4.4.2.2 South Korea Silicone Elastomers Performance Elastomer Market by Type
6.4.4.4.2.3 South Korea Fluoroelastomers Performance Elastomer Market by Type
6.4.4.4.3 Market size and forecast, by End Use Industry
6.4.4.5 Australia
6.4.4.5.1 Key market trends, growth factors and opportunities
6.4.4.5.2 Market size and forecast, by Type
6.4.4.5.2.1 Australia Nitrile based Elastomers Performance Elastomer Market by Type
6.4.4.5.2.2 Australia Silicone Elastomers Performance Elastomer Market by Type
6.4.4.5.2.3 Australia Fluoroelastomers Performance Elastomer Market by Type
6.4.4.5.3 Market size and forecast, by End Use Industry
6.4.4.6 Rest of Asia-Pacific
6.4.4.6.1 Key market trends, growth factors and opportunities
6.4.4.6.2 Market size and forecast, by Type
6.4.4.6.2.1 Rest of Asia-Pacific Nitrile based Elastomers Performance Elastomer Market by Type
6.4.4.6.2.2 Rest of Asia-Pacific Silicone Elastomers Performance Elastomer Market by Type
6.4.4.6.2.3 Rest of Asia-Pacific Fluoroelastomers Performance Elastomer Market by Type
6.4.4.6.3 Market size and forecast, by End Use Industry
6.5 LAMEA
6.5.1 Key trends and opportunities
6.5.2 LAMEA Market size and forecast, by Type
6.5.2.1 LAMEA Nitrile based Elastomers Performance Elastomer Market by Type
6.5.2.2 LAMEA Silicone Elastomers Performance Elastomer Market by Type
6.5.2.3 LAMEA Fluoroelastomers Performance Elastomer Market by Type
6.5.3 LAMEA Market size and forecast, by End Use Industry
6.5.4 LAMEA Market size and forecast, by country
6.5.4.1 Brazil
6.5.4.1.1 Key market trends, growth factors and opportunities
6.5.4.1.2 Market size and forecast, by Type
6.5.4.1.2.1 Brazil Nitrile based Elastomers Performance Elastomer Market by Type
6.5.4.1.2.2 Brazil Silicone Elastomers Performance Elastomer Market by Type
6.5.4.1.2.3 Brazil Fluoroelastomers Performance Elastomer Market by Type
6.5.4.1.3 Market size and forecast, by End Use Industry
6.5.4.2 Saudi Arabia
6.5.4.2.1 Key market trends, growth factors and opportunities
6.5.4.2.2 Market size and forecast, by Type
6.5.4.2.2.1 Saudi Arabia Nitrile based Elastomers Performance Elastomer Market by Type
6.5.4.2.2.2 Saudi Arabia Silicone Elastomers Performance Elastomer Market by Type
6.5.4.2.2.3 Saudi Arabia Fluoroelastomers Performance Elastomer Market by Type
6.5.4.2.3 Market size and forecast, by End Use Industry
6.5.4.3 South Africa
6.5.4.3.1 Key market trends, growth factors and opportunities
6.5.4.3.2 Market size and forecast, by Type
6.5.4.3.2.1 South Africa Nitrile based Elastomers Performance Elastomer Market by Type
6.5.4.3.2.2 South Africa Silicone Elastomers Performance Elastomer Market by Type
6.5.4.3.2.3 South Africa Fluoroelastomers Performance Elastomer Market by Type
6.5.4.3.3 Market size and forecast, by End Use Industry
6.5.4.4 Rest of LAMEA
6.5.4.4.1 Key market trends, growth factors and opportunities
6.5.4.4.2 Market size and forecast, by Type
6.5.4.4.2.1 Rest of LAMEA Nitrile based Elastomers Performance Elastomer Market by Type
6.5.4.4.2.2 Rest of LAMEA Silicone Elastomers Performance Elastomer Market by Type
6.5.4.4.2.3 Rest of LAMEA Fluoroelastomers Performance Elastomer Market by Type
6.5.4.4.3 Market size and forecast, by End Use Industry

CHAPTER 7: COMPANY LANDSCAPE
7.1. Introduction
7.2. Top winning strategies
7.3. Product Mapping of Top 10 Player
7.4. Competitive Dashboard
7.5. Competitive Heatmap
7.6. Key developments

CHAPTER 8: COMPANY PROFILES
8.1 DuPont de Nemours, Inc.
8.1.1 Company overview
8.1.2 Company snapshot
8.1.3 Operating business segments
8.1.4 Product portfolio
8.1.5 Business performance
8.1.6 Key strategic moves and developments
8.2 Wacker Chemie AG
8.2.1 Company overview
8.2.2 Company snapshot
8.2.3 Operating business segments
8.2.4 Product portfolio
8.2.5 Business performance
8.2.6 Key strategic moves and developments
8.3 Exxon Mobil Corporation
8.3.1 Company overview
8.3.2 Company snapshot
8.3.3 Operating business segments
8.3.4 Product portfolio
8.3.5 Business performance
8.3.6 Key strategic moves and developments
8.4 Mitsui Chemical Inc
8.4.1 Company overview
8.4.2 Company snapshot
8.4.3 Operating business segments
8.4.4 Product portfolio
8.4.5 Business performance
8.4.6 Key strategic moves and developments
8.5 BASF SE
8.5.1 Company overview
8.5.2 Company snapshot
8.5.3 Operating business segments
8.5.4 Product portfolio
8.5.5 Business performance
8.5.6 Key strategic moves and developments
8.6 Zeon Chemicals L. P.
8.6.1 Company overview
8.6.2 Company snapshot
8.6.3 Operating business segments
8.6.4 Product portfolio
8.6.5 Business performance
8.6.6 Key strategic moves and developments
8.7 Solvay S. A.
8.7.1 Company overview
8.7.2 Company snapshot
8.7.3 Operating business segments
8.7.4 Product portfolio
8.7.5 Business performance
8.7.6 Key strategic moves and developments
8.8 Dow
8.8.1 Company overview
8.8.2 Company snapshot
8.8.3 Operating business segments
8.8.4 Product portfolio
8.8.5 Business performance
8.8.6 Key strategic moves and developments
8.9 3M Company
8.9.1 Company overview
8.9.2 Company snapshot
8.9.3 Operating business segments
8.9.4 Product portfolio
8.9.5 Business performance
8.9.6 Key strategic moves and developments
8.10 Daikin Industries Ltd.
8.10.1 Company overview
8.10.2 Company snapshot
8.10.3 Operating business segments
8.10.4 Product portfolio
8.10.5 Business performance
8.10.6 Key strategic moves and developments

Executive Summary

According to this report, titled, 'Performance Elastomer Market,' the performance elastomer market was valued at $15.8 billion in 2021, and is estimated to reach $31.6 billion by 2031, growing at a CAGR of 7.2% from 2022 to 2031.

A performance elastomer is a polymer having viscoelasticity (i.e., both viscosity and elasticity) and weak intermolecular forces, often a low Young's modulus, and a high failure strain in comparison to other materials.

Performance elastomers have high elongation, superior resilience, abrasion resistance, impact strength, and tear resistance. Due to their properties, performance elastomers are in great demand in the construction sector. These properties make performance elastomers useful for key applications in the construction industry. Window & weather seals, artificial grass, wall coverings, carpets, expansion joints, bitumen modification, road markings, window & door frames, waterproofing, weather stripping, and roofing membranes are the principal applications in the construction industry. Utilizing TPE and TPU elastomers in the building and construction industry boosts the space's longevity, and UV protection improves aesthetics and gives a superior mechanical performance. This will fuel the market for performance elastomers.

However, the primary factor constraining the growth of the global performance elastomers market is the product's expensive production. The processing of these materials to offer the appropriate tensile strength, heat resistance, and chemical resistance tends to increase the price of these specialist products in comparison to those of commodity elastomers. Specific and crucial application areas of certain products require their utilization, hence increasing the product's price. In the approaching years, this aspect will have a negative impact on the performance elastomers industry.

The global market for performance elastomers is undergoing substantial R&D activities by performance elastomer producers in an effort to strengthen their competitive presence, which provides a lucrative opportunity to the market. In March 2018, Elastocon TPE Technologies introduced the Elastocon 8068N and 8028N medical-grade elastomers. These materials are suitable for extrusion molding, over-molding, and injection molding. The products are resistant to ultraviolet light, have a fine surface finish, and are odorless & flexible.

The global performance elastomers market is segmented into type, end-use industry, and region. Depending on the type, the market is bifurcated into nitrile-based elastomers {nitrile butadiene rubber (NBR) and hydrogenated nitrile-based rubber (HNBR)}, silicone elastomers (high temperature vulcanized, liquid silicone rubber, and room temperature vulcanized), fluoroelastomers (fluorocarbon elastomers, perfluoroelastomers, and fluorosilicone elastomers) and others. On the basis of end-use industry, it is categorized into automotive & transportation, healthcare, industrial machinery, building & construction, electrical & electronics, and others. Region-wise, the market is studied across North America, Europe, Asia-Pacific, and LAMEA.

The major players operating in the global performance elastomers market are 3M Company, BASF SE, Daikin Industries Ltd., Dow, DuPont de Nemours, Inc., Exxon Mobil Corporation, Mitsui Chemicals Inc, Solvay S.A., Wacker Chemie AG, and Zeon Chemicals L.P. Other players operating in the market are Arlanxeo, Momentive, Tosoh Corporation, Avient Corporation, and Denka Performance Elastomer.

COVID-19 impact analysis on the performance elastomers market

The pandemic of COVID-19 has had a swift and severe impact on the global automotive industry.

Chinese component supplies were halted, large-scale production disruptions occurred across Europe, and American assembly plants were shut down.

This has exerted considerable pressure on the industry. In addition, automobile manufacturing was halted, resulting in a significant drop in the overall automotive market.

According to the European Automobile Manufacturers Association, demand for new commercial vehicles remained sluggish in the EU in June 2020 (-20.3%), although the rate of fall reduced from April and May. Germany (-30.5%), Spain (-24.2%), and Italy (-24.2%) were the three of the region's four largest markets to experience double-digit percentage drops in May (-12.8%).

Due to the decline in automobile manufacturing, demand for performance elastomers such as nitrile-based elastomers, fluoroelastomers, silicone elastomers, and others decreased dramatically, which had a significant effect on the performance elastomers market.

Key findings of the study

On the basis of type, the fluoroelastomers segment is expected to grow at a CAGR of 7.5%, in terms of revenue, during the forecast period.

Depending on the end-use industry, the automotive and transportation segment is expected to grow at a CAGR of 7.7%, in terms of revenue, during the forecast period.

Region-wise, Asia-Pacific garnered highest share in 2021 in terms of revenue.

Companies Mentioned

• Dupont De Nemours, Inc.
• Wacker Chemie AG
• Exxon Mobil Corporation
• Mitsui Chemical Inc.
• BASF SE
• Zeon Chemicals L.P.
• Solvay SA
• Dow
• 3M Company
• Daikin Industries Ltd.

Methodology

The analyst offers exhaustive research and analysis based on a wide variety of factual inputs, which largely include interviews with industry participants, reliable statistics, and regional intelligence. The in-house industry experts play an instrumental role in designing analytic tools and models, tailored to the requirements of a particular industry segment. The primary research efforts include reaching out participants through mail, tele-conversations, referrals, professional networks, and face-to-face interactions.

They are also in professional corporate relations with various companies that allow them greater flexibility for reaching out to industry participants and commentators for interviews and discussions.

They also refer to a broad array of industry sources for their secondary research, which typically include; however, not limited to:

• Company SEC filings, annual reports, company websites, broker & financial reports, and investor presentations for competitive scenario and shape of the industry
• Scientific and technical writings for product information and related preemptions
• Regional government and statistical databases for macro analysis
• Authentic news articles and other related releases for market evaluation
• Internal and external proprietary databases, key market indicators, and relevant press releases for market estimates and forecast

Furthermore, the accuracy of the data will be analyzed and validated by conducting additional primaries with various industry experts and KOLs. They also provide robust post-sales support to clients.