Exxon Mobil Corporation, Sherwood Industries, Inc., Kent Elastomer Products, Inc., Canada Rubber Group, Inc., among others, are the major players in the global santoprene market.
The global santoprene market is being aided by the thermoplastic vulcanizate market, which is expected to grow at a CAGR of 6% between 2021 and 2026. As per the analysis of Expert Market Research, the market is expected to be driven by the rising use of santoprene in the automotive sector.
The extensive use of santoprene in automobile manufacturing is propelling the market growth. With the growing manufacturing of passenger cars owing to the rising purchasing power, the demand for santoprene in the automotive sector is surging. Moreover, the easy maintenance and superior engine performance offered by santoprene are bolstering its use in automotive applications.
As santoprene offers increased sustainability, flexibility, and cost-effectiveness, it is widely used in the medical sector. The rising use of the material in medical tubing as a safe, viable, and economical alternative to silicone, PVC, and thermoplastic polyurethane (TPU), among others, is augmenting the market development. In addition, the ability of santoprene to resist oils and acids while ensuring the free flow of liquid and gases is expected to boost its demand in automotive applications.
In December 2021, Celanese Corporation acquired Exxon Mobil Corporation’s Santoprene™ TPV elastomers business. Through the acquisition, the company aims to strengthen its portfolio of engineered solutions. The acquisition was also intended to strengthen its elastomers portfolio and expand its range of functionalised solutions into areas like medical, future mobility, as well as sustainability. By gaining the comprehensive portfolio of TPV, the company aimed to serve several industries.
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|Headquarters:||Texas, United States|
Exxon Mobil is one of the leading chemical manufacturers and energy providers in the world. It utilises and develops innovative technologies to meet the growing energy and chemical demands in various end-use sectors. ExxonMobil operates under four major brands, namely Exxon, Mobil, Esso, and ExxonMobil Chemical. In 2021, its earnings surged to USD 23 billion, and its cash flow increased by USD 48 billion.
|Headquarters:||Illinois, United States|
Sherwood Industries is a leading manufacturer of profile extrusion, recycled rubber sheets, santropene TPV, and regular foams. It supplies santoprene sheets to various downstream sectors, including electronics, automotive, medical, and appliances, among others. It has four full-time extrusion lines and it aims to constantly innovate and expand its product offerings. The company produces more than a million pounds of santoprene sheets each year to meet its demand in the global markets.
|Headquarters:||Ohio, United States|
Kent Elastomer Products, Inc. (KEP) is a leading solutions provider based out of the United States for laboratory, food and beverage, medical and dental, sports and recreation, and industrial markets worldwide. The company is a pioneer in natural rubber latex, dip moulding, PVC, and thermoplastic industries. Its United States manufactured products are FDA registered and adhere to the highest quality and consistency standards.
Canada Rubber Group Inc. (CRGI) is a company based in Canada that provides innovative automotive/OEM and sealing solutions, flooring and rubber matting solutions, and custom fabrication solutions. Its products are available on four continents and the company has sold over 20 million parts across the world. It serves several industries such as mining, equipment and machinery, automotive and transportation, and water and wastewater, among others.
*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.