Santoprene Market: Introduction
Santoprene is a type of thermoplastic vulcanizates which was discovered accidentally as a result of years of research and experiments to find a new material for injection molded tires. The new material which was developed was santoprene which possessed characteristics of vulcanized rubber and the processing properties inherent in thermoplastics. Santoprene is a chemically cross-linked vulcanized rubber encapsulated in a thermoplastic matrix. Though santoprene possesses properties resembling thermoset rubber, the material is melt-processable like thermoplastic. The material has high tensile strength due to the homogenous dispersion of small particle sized rubber.
The major benefits provided by santoprene include, durable sealing performance which does not interfere with the aesthetics of a finished part. In addition, the simplified processing capacity and its flexible nature also helps companies manufacture complex parts with ease by using santoprene. Further, the material contributes to sustainability due to its low weight and simple end of life recycling of manufactured parts. Santoprene, due to its aforementioned properties finds application in industries engaged in the production of automotive components, building and construction parts, household appliance parts and electrical components.
Santoprene Market: Market Dynamics
The increasing disposable income in the hands of consumers is enabling them purchase multiple passenger vehicles. The increasing population is also driving the growth of the passenger car markets. Further, ease of maintenance and superior engine performance translating into high speed vehicles calls for reduction of weight of automobiles by using alternative materials to manufacture bulky parts.
The construction industry is also witnessing high growth due to the increase in the number of residential, commercial, and infrastructural projects coming up in developed and developing nations across the globe. The need to accommodate a large migrant workforce and the much needed investments to phase out old infrastructure and develop new ones to keep pace with the changing requirements will also lend a helping hand in driving the growth of the santoprene market.
The poor wear resistance of santoprene based materials upon repeated and long term regular usage is one of the key challenges faced by the global santoprene market. The frequent need to replace the material upon wear out and the higher cost associated with replacement of the material is also another key factor deterring the growth of the santoprene market.
Santoprene Market: Market Segmentation
The global Santoprene market can be segmented on the basis of type of raw materials, method of production, and application.
On the basis of type of constituent polymer, the global Santoprene market is segmented into:
On the basis of method of production, the global Santoprene market is segmented into:
On the basis of end use industry, the global Santoprene market is segmented into:
Santoprene Market: Regional Outlook
On the regional front, East and South Asia is expected to dominate the santoprene market owing to the presence of a large number of automobile manufacturers as well as auto parts manufacturers in the region. In addition, the rise in disposable incomes and the continuing trend of increasing automobile purchase in the region is expected to help these regions dominate the santoprene market. Europe is the second largest market of santoprene owing to the presence of a large number of automobile manufacturers in the region. North America will also contribute to the growth of the santoprene market as the country is the highest exporter of consumer home appliances and durables across the globe.
Santoprene: Key Market Participants
Some of the key market participants in the global Santoprene market are:
The Santoprene market research report presents a comprehensive assessment of the Santoprene market and contains thoughtful insights, facts, historical data and statistically supported and industry-validated market data. It also contains projections using a suitable set of assumptions and methodologies. The Santoprene market research report provides analysis and information according to market segments such as geographies, end use operation and application.
The Santoprene market report covers exhaustive analysis on:
Regional analysis of the Santoprene Market includes:
The Santoprene market report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides in-depth analysis of Santoprene market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The Santoprene market report also maps the qualitative impact of various market factors on market segments and geographies.