Global high-performance elastomers set to grow at a faster pace than commodity elastomers 2017-2022 according Smithers Rapra

High-performance elastomers represent just over 3% of the total global elastomer market. Nevertheless, they more than make up for this with their well above average revenue and profitability. Their technological demands limit the number of producers to those willing to devote relatively large sums of money to research and development. Production systems are complex and costly and their base raw materials are not commonly found.

In its new report, Smithers Rapra has identified the global market for high-performance elastomers to have been 918,300 tonnes in 2012 and is expected to be 1.22 million tonnes by the end of 2017, with a compound average growth rate (CAGR) of 5.9%. If all goes as expected, the market will grow over 2017–22 to 1.67 million tonnes, with an increased CAGR of 6.4%.

‘The market for high-performance elastomers continues to grow at a faster pace than that for commodity elastomers. This is being driven by higher specifications, especially for higher heat and chemical resistance. Automotive under-the-hood applications are setting the scene by demanding superior and reliable long-term performance compared with products that have been previously offered,

Patrick Ellis, Author

Aerospace and rail transport is a growth area as they begin to recognise that standard elastomers can no longer supply their needs. These two industries are also rapidly expanding, as the need for high performance at increasingly higher speeds pushes them to higher performance solutions. Electric and electronic applications are facing similar challenges, and are continuously looking for higher performance materials to fulfil their demands. LED lighting systems are a good example of this phenomenon, where high temperature resistance, combined with outstanding electrical properties, is in the forefront of electrical industry requirements. Electrical and electronic applications occupied 15.2% market share in 2012, and this is likely to increase to 16.5% by 2017, ending up in 2022 with 17.6%

The market for high-performance elastomers is in a much stronger position than that of the commodity elastomers. The properties of high-performance elastomers performance elastomers are so far ahead of those of commodities, that competition will remain for some time between the suppliers within each elastomer group, with some intra-material competition, in specific or borderline cases between the various groups. Commodity elastomers, on the other hand, face serious competition and the latest price hikes affect them more seriously than for high-performance elastomers.

The Future of High-Performance Elastomers to 2022 is based on an in-depth combination of primary and secondary data gathered during Smithers Rapra’s extensive research programme for the global high-performance elastomers  industry. Primary data was compiled from interviews conducted with industry experts in each key region and country. Secondary sources included data on production and consumption of various packaging suppliers, cross verified with production data and trends in key end-use markets, and statistics from various government and industry association websites.

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Notes for Editors            

The Future of High-Performance Elastomers to 2022  is available for £4,500.

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 jbostock@smithers.com