Automotive Elastomers Market 2018 Global Analysis By Key Players – BASF SE, DowDuPont, Exxon Mobil Corporation, JSR Corporation, ARLANXEO, SABIC

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Description:-

Elastomers are unstructured elastic polymers possessing viscoelasticity, i.e., they exhibit both viscosity and elasticity at the same time. It is an amorphous polymer which has a glass transition temperature below ambient temperature, which means it is soft and rubbery and helps in considerable movement. They exhibit low intermolecular strength, high strain of failure, and lower Young's modulus when compared to other materials.
The global automotive elastomers market is projected to grow at a significant CAGR during the forecast period. Increasing demand for both passenger and commercial vehicles is expected to drive the global market growth. Stringent emission regulations and resulting demand for light-weight materials is expected to drive the market growth. The global automotive elastomers market has been classified on the basis of type, application, and vehicle type. By type, the thermoset elastomers (TSE) segment was the largest and was valued at USD 18,776.8 million in 2017, owing to TSE’s versatility and growing demand for highly durable and thermally resistant automotive rubber. However, the thermoplastic elastomers (TPE) segment is estimated to grow at the highest CAGR of 5.51% in the following years due to its increasing application in interior components for aesthetic appeal. Based on application, the tire segment accounted for the largest market share of 61.39% in 2017 due to the growing consumption of natural and synthetic elastomers for tire manufacturing. The interior components segment is projected to register the highest CAGR of 5.61% during the forecast period owing to the growing demand for airbags, hoses, and seals, among others. On the basis of vehicle type, the passenger vehicles segment held the largest market share in 2017.

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Additionally, it is projected to grow at the highest CAGR of 5.46% in the following years due to the growing demand for the product from passenger cars to increase fuel efficiency by reducing weight. Ongoing research to innovate different grades of automotive elastomers is expected to provide lucrative opportunities to the market players.

However, fluctuating raw material prices is expected to hamper the automotive elastomers market growth.
As per the MRFR analysis, the global market for automotive elastomers is projected to reach USD 45,618.2 million by 2023 and is anticipated to grow at a healthy CAGR of 5.41% during the forecast period.

Regional Analysis
The global automotive elastomers market has been analyzed across five key regions, including North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa.
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Segmentation

The global automotive elastomers market has been segmented on the basis of type, application, vehicle type, and region.

Based on type, the global automotive elastomers market has been bifurcated into thermoset elastomers (TSE) and thermoplastic elastomers (TPE). The thermoset elastomers segment has been further categorized into natural rubber, styrene butadiene rubber, polybutadiene rubber, and others. The thermoplastic elastomers segment has been classified into styrene block copolymer, thermoplastic olefins, thermoplastic vulcanizates, and others.
By application, the global automotive elastomers market has been divided into tire, interior components, and exterior components. The interior components segment has been segmented into airbags, hoses & seals, breaks & suspensions, and others. The exterior components segment has been divided into front end body panel, bumper fascia, and others.
On the basis of vehicle type, the global automotive elastomers market has been segmented into passenger vehicles, light commercial vehicles (LCV), medium and heavy commercial vehicles (M/HCV), and others.

The global automotive elastomers market has been studied across five key regions, namely, North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa.

Key Players
Some of the key players operating in the global automotive elastomers market are BASF SE (Germany), DowDuPont, Inc. (US), Exxon Mobil Corporation. (US), LG Chem (South Korea), JSR Corporation (Japan), ARLANXEO (The Netherlands), Teknor Apex (US), SABIC (Saudi Arabia), Mitsui Chemicals, Inc (Japan), Versalis S.p.A. (Italy), KURARAY CO., LTD. (Japan), PJSC "Nizhnekamskneftekhim" (Russia), Sumitomo Chemical Co., Ltd (Japan), Solvay (Belgium), and KRAIBURG TPE GmbH & Co. KG (Germany).

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Table Of Contents – Major Key Points

1 Report Prologue

2 Market Introduction
2.1 Market Definition
2.2 Scope of The Study
2.2.1 Research Objectives
2.3 List of Assumptions
2.4 Market Structure

3 Market Insights
3.1 Key Takeaways

4 Research Methodology
4.1 Research Process
4.2 Primary Research
4.3 Secondary Research
4.4 Market Size Estimation
4.5 Forecast Model

5 Market Dynamics
5.1 Introduction
5.2 Drivers
5.2.1 Surging demand for both passenger and commercial vehicles
5.2.2 Growing use of high performance lightweight materials in automotive industry on the backdrop of strict emission regulations in mature economies
5.2.3 Increasing use of recycled rubber as a raw material by leading tire manufacturers
5.3 Restraints
5.3.1 Fluctuating raw material prices
5.4 Opportunity
5.4.1 Continuous research to develop innovative grades of automotive elastomers
5.5 Market Trend
5.5.1 Supply surplus in natural rubber

6 Market Factor Analysis
6.1 Supply Chain Analysis
6.1.1 Raw Material Suppliers
6.1.2 Automotive Elastomers Manufacturers
6.1.3 Distribution Channel
6.1.4 Application Industry
6.1.5 Porter’s Five Force Analysis
6.1.6 Threat of New Entrants
6.1.7 Threat of Rivalry
6.1.8 Threat of Substitute
6.1.9 Bargaining Power of Supplier
6.1.10 Bargaining Power of Buyer

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ABOUT US:
Wise Guy Reports is part of the Wise Guy Consultants Pvt. Ltd. and offers premium progressive statistical surveying, market research reports, analysis & forecast data for industries and governments around the globe. Wise Guy Reports features an exhaustive list of market research reports from hundreds of publishers worldwide. We boast a database spanning virtually every market category and an even more comprehensive collection of market research reports under these categories and sub-categories.

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