Chemicals and Materials Performance Elastomers Market New

According to a new "Performance Elastomers Market by Type (Nitrile-Based Elastomers,
Silicone Elastomers, and Fluoroelastomers), End-Use Industry (Automotive and
Transportation, Healthcare, Industrial Machinery, Building and Construction, and Electrical
and Electronics), and Region - Global Forecast to 2022", published by
MarketsandMarkets™, the global market is estimated to grow from USD 11.69 Billion in
2017 to USD 16.75 Billion by 2022, at a CAGR of 7.5% from 2017 to 2022.
Browse 68 Market Data Tables and 35 Figures spread through 136 Pages and in-depth TOC
on "Performance Elastomers Market"
https://www.marketsandmarkets.com/Market-Reports/performance-elastomer-market-
83924559.html
Early buyers will receive 10% customization on this report.
Automotive and transportation industry is estimated to lead the performance
elastomers market during the forecast period
Performance elastomers are used in o-rings, gaskets, performance seals, turbocharger
hoses, oil-filter gaskets, air filters, fan couplings, radiator hoses, spark plug boots, and
connector seals. Among the end-use industries, the automotive & and transportation
industry is expected to lead the performance elastomers market between 2017 and 2022,
followed by the industrial machinery industry. Because of the implementation of stringent
environmental regulations regarding emission levels, the design of vehicles has changed
drastically over the past few decades. The manufacturers are designing vehicles to be
compact, lightweight, and more efficient. This requires various under-the-hood
components to be in close proximity with each other, resulting in increased heat levels. The
vehicle manufacturers require a performance elastomer that can operate under such rough
conditions.