Elastomers Market is expected to reach US$ 718.61 Mn. in 2029, with a CAGR of 5.3% for the period 2023-2029
Elastomers Market Overview:
The purpose of this study is to provide a thorough examination of the Elastomers market by component, application, industry, and geography. The study goes into great detail on the primary factors influencing the Elastomers market’s growth. The study also offers a comprehensive analysis of the market’s value chain.
Market Scope:
The research method used to assess and anticipate the Elastomers market begins with secondary research using sources that collect revenue data from key suppliers. When calculating market segmentation, the vendor offerings are also considered. Using the bottom-up method, the whole size of the Elastomers market was calculated using the revenue of significant enterprises.
Segmentation:
By Application
The automotive, consumer goods, medical, industrial, and others subsectors of the elastomers market. The automotive industry held the greatest market share for elastomers in 2022, and from 2022 to 2029, revenue is anticipated to increase at a CAGR of 4.6 percent. The automotive industry’s demand for elastomers is driven by their exceptional physical properties, which include durability, impact resistance, low weight, elasticity, softness, and strength as well as superior optics, improved thermal resistance, thermal stability, adhesive properties, and increased vehicle safety. Applications for elastomer in the automotive industry include door handles, car gaskets, dashboards, rocker panels, seating fabrics, vibration damping pads, rear windows, bumpers, gear knobs, interiors, wipers, body seals, external filler panels, and tyres.
1. Global Elastomers Market, by Product Type (2022-2029)
• SBR (Styrene block copolymers)
• IIR (Butyl Elastomer)
• NBR (Nitrile Elastomer)
• ACM (Acrylic Elastomer)
• EPM (Ethylene-propylene Elastomer)
• PEBA (Thermoplastic polyether block amides)
• SBC (Styrene block copolymers)
• TPO (Thermoplastic Polyolefin)
• TPU (Thermoplastic Polyurethanes)
• TPV (Thermoplastic Vulcanizates)
2. Global Elastomers Market, by Application (2022-2029)
• Automotive
• Consumer Goods
• Medical
• Industrial
• Others
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Key Players:
The major players covered in the Elastomers market report are
1. BASF SE
2. Dow
3. Covestro AG
4. KURARAY CO. LTD
5. Huntsman International LLC.
6. LG Chem. Ltd
7. Arkema, Inc
8. PolyOne Corporation
9. Du Pont de Nemours and Company
10.Stockwell Elastomerics, Inc.
11.Innovative Silicones
12.Universal Rubber Mfg NV
13.JSR Corporation
14.Zeon Corporation
15.Celanese Corporation
16.PJSC Nizhnekamskneftekhim
17.Wanhua Chemical Group Co., Ltd.
18.Lanxess AG
19.Others
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Regional Analysis:
Global, North America, Europe, Asia-Pacific, the Middle East, and Africa, and South America market share statistics are accessible individually. Analysts at Maximize evaluate competitive strengths and conduct competitive analysis for each competitor individually.
COVID-19 Impact Analysis on Elastomers Market:
Aerospace and defence, agriculture, automobiles, retail and e-commerce, energy and power, healthcare, packaging, mining, electronics, banking, financial services, and insurance, among other industries, have all been affected by the COVID-19 epidemic. COVID-19 has had an impact on the Elastomers market in general, as well as the growth rate in 2019-2020, as the impact of COVID-19 spreads. Our most recent inquiry, opinions, and bits of knowledge on administration are critical to the businesses and associations in the Elastomers industry, which is driving through the COVID-19 emergency to handle risk digitising jobs in order to convey trusted data and experiences to the CEOs.
Key Questions Answered in the Elastomers Market Report are:
- Which segment grabbed the largest share in the Elastomers market?
- How was the competitive scenario of the Elastomers market in 2020?
- Which are the key factors responsible for the Elastomers market growth?
- Which region held the maximum share in the Elastomers market in 2020?
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