was valued at US$ 77.15 Bn in 2017, and is expected to reach US$ 110.01 Bn by 2026, at a CAGR of 5.2 % during forecast period.
The objective of the report is to present a comprehensive assessment of the market and contains thoughtful insights, facts, historical data, industry-validated market data and projections with a suitable set of assumptions and methodology. The report also helps in understanding Elastomers market dynamics, structure by identifying and analyzing the market segments and project the global market size. Further, report also focuses on competitive analysis of key players by product, price, financial position, product portfolio, growth strategies, and regional presence. The report also provides PEST analysis, PORTER’s analysis, SWOT analysis to address questions of shareholders to prioritizing the efforts and investment in near future to emerging segment in Elastomers market.
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This market research analysis identifies the increasing demand for elastomers from automotive industry. This demand attributed to, its properties such as resistance to oil, grease, and ozone, impact strength, and good resilience. Elastomers are mainly used in interior designing of vehicles.
In addition, advancement in the thermoplastic elastomer (TPE) processing industry is considered as the opportunity for the growth of the Elastomers market. However, factors such as high price of raw materials and rising cost of production may hamper the growth of the market.
Based on the type, Natural rubber is projected to be the fastest growing segment because of the suitability of natural rubber in several applications. Natural rubber is mainly used in the automotive industry, especially in the manufacturing of tires. Natural rubber have some excellent properties such as high tensile strength, excellent adhesion to metals, and excellent abrasion and tear resistance. The thermoplastic polyurethane elastomer can use for better UV resistance, good mechanical performance, and reduced thickness with finish of a softer touch.
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Based on the application, the automotive segment dominated the global elastomers market in in terms of value as well as volume, followed by the consumer goods and medical segments in 2017. The demand for elastomers in automotive industry is increasing, attribute to the growing demand for lightweight and high-performance plastics in automotive industry, which provides increased efficiency and design flexibility, are primarily responsible for the growth of the elastomers market. Thermoplastic Polyurethanes is the most majorly used elastomer in the automotive industry. Further, elastomer can manufactured in any color to match the vehicles color, it also provides better low temperature performance and high abrasion resistance.
Geographically, the Asia Pacific region dominated the global Elastomers market. This growth is mainly attributed to rising demand from various end use sectors such as electronics and electrical, industrial equipment and automotive among others. The Asia Pacific region is also projected to be the fastest growing market. Asia Pacific was followed by North America and Europe region.
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Scope of the Global Elastomers Market
Global Elastomers Market, By Type
• Thermoset Elastomers
o Natural Rubber
o Synthetic Rubber
Styrene-Butadiene Elastomer
Butyl Elastomer
Butadiene (Polybutadiene) Elastomer
Nitrile Elastomer
Acrylic Elastomer
Ethylene-Propylene Elastomer
Silicone (Q) Elastomers
Fluoroelastomers
• Thermoplastic Plastic
o Styrene Block Copolymer
o Thermoplastic Polyurethane
o Thermoplastic Polyolefins
o Thermoplastic Vulcanizates
o Thermoplastic polyester Elastomers
o Polyether Block Amide
Global Elastomers Market, By Application
• Automotive
• Consumer Goods
• Medical
• Industrial
• Others
Global Elastomers Market, By Region
• North America
• Europe
• Asia-Pacific
• Middle East & Africa
• South America
Key Players operating in the Global Elastomers Market
• BASF SE
• The Dow Chemical Compan
• JSR Corporation
• E. I. du Pont de Nemours and Company
• Lanxess AG
• Zeon Corporation
• Kuraray Co., Ltd.
• Covestro AG
• Nizhnekamskneftekhim PJSC
• Teknor Apex Company
MAJOR TOC OF THE REPORT
Chapter One: Elastomers Market Overview
Chapter Two: Manufacturers Profiles
Chapter Three: Global Elastomers Market Competition, by Players
Chapter Four: Global Elastomers Market Size by Regions
Chapter Five: North America Elastomers Revenue by Countries
Chapter Six: Europe Elastomers Revenue by Countries
Chapter Seven: Asia-Pacific Elastomers Revenue by Countries
Chapter Eight: South America Elastomers Revenue by Countries
Chapter Nine: Middle East and Africa Revenue Elastomers by Countries
Chapter Ten: Global Elastomers Market Segment by Type
Chapter Eleven: Global Elastomers Market Segment by Application
Chapter Twelve: Global Elastomers Market Size Forecast (2019-2026)
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