Elastomeric Alloys Market to Witness Comprehensive Growth by 2026
Elastomeric
alloys fall under the category of thermoplastic elastomers. An
elastomeric alloy is a blend of a thermoplastic and an elastomer.
However, they possess significantly superior properties compared to
conventional blends, as they are manufactured by using specialized
thermoplastic processing methods. Typically, an elastomeric alloy
contains polymer alloys of rubber and an olefinic resin. Commercially
available elastomeric alloys are thermoplastic vulcanizates (TPVs),
melt-processible rubbers (MPRs), and thermoplastic olefin (TPO).
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Global
Elastomeric Alloys Market: Drivers & Restrains
Elastomeric
alloys can be utilized as an alternative material in several
applications of silicone, latex, or rubber. They can be processed
with the help of the conventional processing methods such as blow
molding, extrusion, and injection molding. Elastomeric alloys are
ideal materials in applications, wherein elastic properties are
required. Elastomeric alloys are available in varying ranges of
hardness and tensile strength. Typically, they are available in the
hardness range of 55A to 50D, and in the tensile strength range of
800 psi to 4,000 psi.
Among
elastomeric alloys, thermoplastic elastomers (TPEs) have advantages
such as ease of processing and higher speed over the conventional
thermoset (vulcanized) alloys. A few other advantages are lower
energy costs for processing, availability of standard grades (which
lacks in case of thermoset alloys), and recyclability of scrap.
Availability of standard grades of TPEs is a particularly crucial
advantage for several manufactures.
The
market for elastomeric alloys has been witnessing growth since the
late 1900s. For instance, Monsanto Chemical Co. commercialized a line
of TPVs in 1981 under the brand name Santoprene. The alloy was based
on polypropylene (PP) and ethylene propylene diene monomer (EPDM)
rubber. It was designed in comparison with thermoset rubbers for
applications in middle performance range. The company launched
another TPV alloy composed of PP and nitrile rubber, under the brand
name Geolast, in 1985. The product was designed to offer higher oil
resistance than that of EPDM-based material. As the product offered
oil resistance comparable to that of thermoset nitrile and neoprene,
Geolast could be used as a replacement for thermoset nitrile and
neoprene.
In
1985, DuPont launched its MPR product line consisting of Alcryn,
which was a single-phase material. This line of MPR products
contained plasticized alloys of chlorinated polyolefins and partially
crosslinked ethylene interpolymers. Alcryn provided stress-strain
behavior similar to that of the conventional thermoset rubber. It
also exhibited exceptional resistance to weather and oil.
A
key factor positively impacting the global elastomeric alloys market
is growth of the global automotive industry, primarily the global
cars sector. Automotive is a major end-user of elastomeric alloys.
Commercial applications of elastomeric alloys include electric
insulation, automotive protective boots, medical tubing and syringe
plungers, hose covering, gaskets, seals, roofing sheets, and
architectural glazing seals.
Global
Elastomeric Alloys Market: Key Segments
Based
on end-user industry, the market for elastomeric alloys can be
segmented into automotive, industrial machinery, oil & gas,
building & construction, medical, and others. Automotive is a
leading end-user segment of the elastomeric alloys market, followed
by the medical segment.
Global
Elastomeric Alloys Market: Regional Outlook
In
terms of geography, the global elastomeric alloys market can be
classified into North America, Latin America, Asia Pacific, Europe,
and Middle East & Africa. Asia Pacific is a lucrative market for
elastomeric alloys. The region accounted for nearly 50% share of the
global elastomeric alloys market in 2017. The region is likely to
offer lucrative growth opportunities to the elastomeric alloys market
during the forecast period as well. Numerous manufacturing facilities
located in the region, especially in China and Southeast Asia, are
offering significant growth opportunities to the elastomeric alloys
market in the region. Asia Pacific is followed by Europe and North
America.
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Global
Elastomeric Alloys Market: Key Players
Key
players operating in the global elastomeric alloys market include
AdvanSource Biomaterials Corp., JSR Corporation, SO.F.TER. S.r.l
(Celanese), and NYCOA.
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