Global High-Temperature Silicone Market – Drivers, Opportunities, Trends & Forecasts up to 2022
Silicone elastomers quickly grabbed the market when they were introduced in the mid-20th century. The properties such as fuel & oil resistance, higher temperature stability, and lower smoke within affordable price range attracted the customers.
The silicones that can operate at a consistently higher temperature (usually around and above 200 °C) are termed as high-temperature silicones. Consistently increasing industrialization, increasing miniaturization, and improving high-temperature technologies are contributing to the increase in high-temperature materials, thus giving opportunities for high-temperature silicones. Few new high-performance chemicals have been developed in the past decades, and have proven themselves useful in major application areas of industrial and automotive, yet the suitable price range and oil resistant properties of silicones give them an edge over these chemicals.
Asia Pacific is one of the key consumers for high-temperature silicones and is expected to grow with the highest growth rate during the forecast period, with high demand growth coming from developing countries such as China and India. The expected economic stability in Europe is expected to boost its industrial and automotive industry, increasing market opportunities for high-temperature silicone market.
The study of the global high-temperature silicone market provides the market size information and market trends along with the factors and parameters impacting it in both short and long term. The study ensures a 360° view, bringing out the complete key insights of the industry. These insights help the business decision makers to make better business plans and informed decisions for the future business. In addition, the study helps the venture capitalist in understanding the companies better and take informed decisions.
The production market is very competitive in high-temperature silicone market with the presence of many big multinational companies. All these companies are hugely investing in R&D to improvise their products in a bet to increase their market share. Some of the prominent companies operating in high-temperature silicone market are Shin-Etsu Chemical Co., Ltd., Momentive Performance Materials Inc., Dow Corning Corporation and Wacker Chemie AG among many others.
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