Chemicals and Materials Performance Elastomers Market New | Page 2

Among various types, the silicone elastomers segment is expected to lead the performance
elastomers market during the forecast period. Silicone elastomers are known for their
excellent properties such as outstanding resistance to weathering and ozone, good
compression set, high physiological inertness, resistance to bacteria and fungi, and high
temperature stability. Owing to these properties and ease of handling, silicone elastomers
are used in a wide variety of applications, including automotive & transportation, electrical
& electronics, footwear, and sportswear.
Asia-Pacific is the largest and the fastest growing market for performance
elastomers
Asia-Pacific is estimated to be the largest market for performance elastomers. China is
estimated to be the largest market for performance elastomers, whereas, India is estimated
to be the fastest growing market for performance elastomers in the Asia-Pacific region.
Low manufacturing costs, high economic growth rate, and large population with growing
middle class lifestyles are the major factors that have led to the growth of the performance
elastomers market in this region. The demand for performance elastomers from the
automotive and transportation industry is expected to grow in Asia-Pacific because of rapid
industrialization and increasing number of application industries in the region.
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Some of the major market players active in the global performance elastomers market
include E. I. du Pont de Nemours and Company (U.S.), Arlanxeo (Netherlands), Zeon
Chemicals L.P. (U.S.), Solvay S.A. (Belgium), Dow Corning Corporation (U.S.), Wacker
Chemie AG (Germany), Momentive Performance Materials Inc. (U.S.), 3M Company (U.S.),
Shin-Etsu Chemical Co., Ltd. (Japan), Daikin Industries Ltd. (Japan), and The Dow Chemical
Company (U.S.).
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