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Automotive Elastomers Market Global Analysis, Size, Share, Overview, Key Regions and Opportunities by 2022
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As per the findings of research, the consumption of synthetic elastomers was higher than thermoplastic elastomers in 2016, however, in terms of value, the thermoplastic elastomers held larger share in the global automotive elastomers market.
Concerns pertaining to environmental pollution have cropped up due to industrial emission and automotive emission that include carbon monoxide and Sulphur Dioxide emitted by vehicles. Increasing extraction and use of conventional fuels such as petroleum products is pushing the demand for vehicles with better fuel efficiency and lower emission.
The global automotive elastomers manufacturers are increasing their capacity to manufacture high performance elastomers. In April 2015, LANXESS AG successfully started their new ethylene propylene diene rubber (EPDM) plant in Changzhou (Jiangsu Province), China. The new plant would manufacture total ten premium grades of EPDM tailored to Chinese and Asian customer needs.
Geographically, Asia-Pacific has been the largest and the fastest growing market for automotive elastomers during 2012 - 2015. Some of the factors driving the growth of the automotive elastomers market in the region include high growth in automotive industry and increasing compliance for lightweight materials. The automotive industry in the region is expected to witness high growth, due to the growing population and increasing income level.
Read summary of report here :: https://www.psmarketresearch.com/market-analysis/automotive-elastomers-market
Some of the other key players in the market include BASF SE, LANXESS AG, E. I. du Pont de Nemours and Company, LyondellBasell Industries N.V., The Dow Chemical Company, Huntsman International LLC, 3M Company, China Petrochemical Corporation, and Kuraray Co. Ltd.
GLOBAL AUTOMOTIVE ELASTOMERS MARKET
By Type
Thermoplastic Elastomers
Thermoplastic polyolefin (TPO)
Thermoplastic vulcanizates (TPV)
Styrene block co-polymer (SBC)
Thermoplastic polyurethanes (TPU)
Co-polyester ether (COPE)
Polyether block amide (PEBA)
Synthetic Elastomers
Styrene butadiene rubber (SBR)
Ethylene propylene diene monomer (EPDM)
Nitrile butadiene rubber (NBR)
Fluoroelastomers
Chloroprene rubber (CR)
Silicone rubber
By Application
Exterior
Interior
Under hood
Weather seal
Molded parts
By Geography
Asia-Pacific
China
Japan
India
South Korea
Rest of Asia-Pacific
North America
U.S.
Canada
Rest of North America
Europe
Germany
France
U.K.
Italy
Rest of Europe
Rest of the World (RoW)
Brazil
Mexico
Rest of RoW
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Providing the plinth of market intelligence, P&S as an enterprising research and consulting company, believes in providing thorough landscape analyses on the ever-changing market scenario, to empower companies to make informed decisions and base their business strategies with astuteness.
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