Global Elastomer Market Is Projected To Reach A Revised Size Of Us$ 94790 Million By 2028, Growing At A Cagr Of 3.3% During The Forecast Period 2022-2028

An elastomer is a polymer with viscoelasticity and very weak intermolecular forces, and generally low Young's modulus and high failure strain compared with other materials.The term, a portmanteau of elastic polymer, is often used interchangeably with rubber, although the latter is preferred when referring to vulcanisates. Each of the monomers which link to form the polymer is usually a compound of several elements among carbon, hydrogen, oxygen and silicon.

Report Overview

Due to the COVID-19 pandemic and Russia-Ukraine War Influence, the global market for Elastomer estimated at US$ 78150 million in the year 2022, is projected to reach a revised size of US$ 94790 million by 2028, growing at a CAGR of 3.3% during the forecast period 2022-2028.

The USA market for Elastomer is estimated to increase from $ million in 2022 to reach $ million by 2028, at a CAGR of % during the forecast period of 2023 through 2028.

The China market for Elastomer is estimated to increase from $ million in 2022 to reach $ million by 2028, at a CAGR of % during the forecast period of 2023 through 2028.

The Europe market for Elastomer is estimated to increase from $ million in 2022 to reach $ million by 2028, at a CAGR of % during the forecast period of 2023 through 2028.

The global key manufacturers of Elastomer include Dow Chemical Company, LG Chem, Polmann India Ltd., RTP Company, Foster Corporation, Saudi Basic Industries Corporation (SABIC) and Mitsubishi Chemical Corporation, etc. In 2021, the global top five players had a share approximately % in terms of revenue.

In terms of production side, this report researches the Elastomer production, growth rate, market share by manufacturers and by region (region level and country level), from 2017 to 2022, and forecast to 2028.

In terms of sales side, this report focuses on the sales of Elastomer by region (region level and country level), by company, by Type and by Application. from 2017 to 2022 and forecast to 2028.

Los Angeles, United States November 2022,- The research study presented here is a brilliant compilation of different types of analysis of critical aspects of the global Elastomer market. It sheds light on how the global Elastomer market is expected to grow during the course of the forecast period. With SWOT analysis and Porter's Five Forces analysis, it gives a deep explanation of the strengths and weaknesses of the global Elastomer market and the different players operating therein. The authors of the report have also provided qualitative and quantitative analyses of several microeconomic and macroeconomic factors impacting the global Elastomer market. In addition, the research study helps to understand the changes in the industry supply chain, manufacturing process and cost, sales scenarios, and dynamics of the global Elastomer market.

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Report Scope

This latest report researches the industry structure, capacity, production, sales (consumption), revenue, price and gross margin. Major producers' production locations, market shares, industry ranking and profiles are presented. The primary and secondary research is done in order to access up-to-date government regulations, market information and industry data. Data were collected from the Elastomer manufacturers, distributors, end users, industry associations, governments' industry bureaus, industry publications, industry experts, third party database, and our in-house databases.

This report also includes a discussion of the major players across each regional Elastomer market. Further, it explains the major drivers and regional dynamics of the global Elastomer market and current trends within the industry.

Key Companies Covered

In this section of the report, the researchers have done a comprehensive analysis of the prominent players operating and the strategies they are focusing on to combat the intense competition. Company profiles and market share analysis of the prominent players are also provided in this section. Additionally, the specialists have done an all-encompassing analysis of each player. They have also provided reliable sales, revenue, price, market share and rank data of the manufacturers for the period 2017-2022. With the assistance of this report, key players, stakeholders, and other participants will be able to stay abreast of the recent and upcoming developments in the business, further enabling them to make efficient choices. Mentioned below are the prime players taken into account in this research report:

Dow Chemical Company

LG Chem

Polmann India Ltd.

RTP Company

Foster Corporation

Saudi Basic Industries Corporation (SABIC)

Mitsubishi Chemical Corporation

Market Segments

This report has explored the key segments: by Type and by Application. The lucrativeness and growth potential have been looked into by the industry experts in this report. This report also provides sales, revenue and average price forecast data by type and by application segments based on production, price, and value for the period 2017-2028.

Elastomer Segment by Type

Rubber

Plastic

Silica Gel

Elastomer Segment by Application

Automotive Parts

Industrial

Consumer Products

Electrical

Hose and Tubing

Key Regions & Countries

This section of the report provides key insights regarding various regions and the key players operating in each region. This report analyzes the Elastomer production by region/country, and the sales (consumption) by region/country. Economic, social, environmental, technological, and political factors have been taken into consideration while assessing the growth of the particular region/country. The readers will also get their hands on the value and sales data of each region and country for the period 2017-2028.

North America

U.S.

Canada

Europe

Germany

France

U.K.

Italy

Russia

Asia-Pacific

China

Japan

South Korea

India

Australia

Taiwan

Indonesia

Thailand

Malaysia

Philippines

Vietnam

Latin America

Mexico

Brazil

Argentina

Middle East & Africa

Turkey

Saudi Arabia

U.A.E

Key Drivers & Barriers

High-impact rendering factors and drivers have been studied in this report to aid the readers to understand the general development. Moreover, the report includes restraints and challenges that may act as stumbling blocks on the way of the players. This will assist the users to be attentive and make informed decisions related to business. Specialists have also laid their focus on the upcoming business prospects.

COVID-19 and Russia-Ukraine War Influence Analysis

The readers in the section will understand how the Elastomer market scenario changed across the globe during the pandemic, post-pandemic and Russia-Ukraine War. The study is done keeping in view the changes in aspects such as demand, consumption, transportation, consumer behavior, supply chain management, export and import, and production. The industry experts have also highlighted the key factors that will help create opportunities for players and stabilize the overall industry in the years to come.

Report Includes:

This report presents an overview of global market for Elastomer, capacity, output, revenue and price. Analyses of the global market trends, with historic market revenue/sales data for 2017 - 2021, estimates for 2022, and projections of CAGR through 2028.

This report researches the key producers of Elastomer, also provides the consumption of main regions and countries. Highlights of the upcoming market potential for Elastomer, and key regions/countries of focus to forecast this market into various segments and sub-segments. Country specific data and market value analysis for the U.S., Canada, Mexico, Brazil, China, Japan, South Korea, Southeast Asia, India, Germany, the U.K., Italy, Middle East, Africa, and Other Countries.

This report focuses on the Elastomer sales, revenue, market share and industry ranking of main manufacturers, data from 2017 to 2022. Identification of the major stakeholders in the global Elastomer market, and analysis of their competitive landscape and market positioning based on recent developments and segmental revenues. This report will help stakeholders to understand the competitive landscape and gain more insights and position their businesses and market strategies in a better way.

This report analyzes the segments data by type and by application, sales, revenue, and price, from 2017 to 2028. Evaluation and forecast the market size for Elastomer sales, projected growth trends, production technology, application and end-user industry.

Descriptive company profiles of the major global players, including Dow Chemical Company, LG Chem, Polmann India Ltd., RTP Company, Foster Corporation, Saudi Basic Industries Corporation (SABIC) and Mitsubishi Chemical Corporation, etc.

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