Press release
Elastomers Market value of USD 122.57 billion by the year 2029, (CAGR) of 4.01 Parcentage
Elastomers Market
Elastomers, also known as polymers with elastic properties, are structured as indefinitely cross-linked polymers with weak intermolecular forces. They come in two main types: thermoset and thermoplastic elastomers. Thermoplastic elastomers possess rubber-like properties and are recognized for their ease of use, chemical resistance, and recyclability. In contrast, thermoset elastomers form irreversible linkages upon treatment, making deformation difficult to achieve. Elastomers are valued for their strong heat resistance and cost-effectiveness.
The research methodology employed for this report ensures robust and reliable findings. It includes comprehensive data collection, analysis of market dynamics, and thorough investigation of key players. Both primary and secondary research methods were utilized, guaranteeing accurate and insightful results.
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What are Elastomers Market Dynamics:
Automobiles, medicines, electrical and electronics, building and construction, and other expanding industries are all seeing rising demand for elastomers. In the automotive industry, the elastomer is used to replace PVC and other materials, improving fuel efficiency and performance. In the construction sector, elastomers are in high demand for purposes such as sealing and electrical insulation. The use of elastomers is also increasing as the global demand for medical products rises. They are also utilized in the manufacture of gloves, gaskets, and molding products due to their toughness and flexibility.
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Elastomers Market Regional Insights:
Asia Pacific dominated the elastomers market in 2021, accounting for 63% of the market share, primarily due to the extensive use of elastomers in tire manufacturing. Increased automotive production in countries like India and Malaysia, coupled with government investments and technological advancements, is expected to drive demand in this region. Major automotive OEMs are relocating their production bases to these markets, driven by low operating costs and rising passenger vehicle demand.
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What is Elastomers Market Segmentation:
by Product Type
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)
by Application
Automotive
Consumer Goods
Medical
Industrial
Others
Who are Elastomers Market Key Players:
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
Table of content for the Elastomers Market includes:
Global Elastomers Market: Research Methodology
Global Elastomers Market: Executive Summary
Market Overview and Definitions
Introduction to the Global Market
Summary
Key Findings
Recommendations for Investors
Recommendations for Market Leaders
Recommendations for New Market Entry
3.Global Elastomers Market: Competitive Analysis
MMR Competition Matrix
Market Structure by region
Competitive Benchmarking of Key Players
Consolidation in the Market
M&A by region
Key Developments by Companies
Market Drivers
Market Restraints
Market Opportunities
Market Challenges
Market Dynamics
PORTERS Five Forces Analysis
PESTLE
Regulatory Landscape by region
North America
Europe
Asia Pacific
Middle East and Africa
South America
COVID-19 Impact
4 . Company Profile: Key players
Company Overview
Financial Overview
Global Presence
Capacity Portfolio
Business Strategy
Recent Developments
Key Offerings:
Past Market Size and Competitive Landscape (2022 to 2029)
Past Pricing and price curve by region (2022 to 2029)
Market Size, Share, Size and Forecast by different segment | 2022-2029
Market Dynamics - Growth Drivers, Restraints, Opportunities, and Key Trends by region
Market Segmentation - A detailed analysis by growth and trend
Competitive Landscape - Profiles of selected key players by region from a strategic perspective
Competitive landscape - Market Leaders, Market Followers, Regional player
Competitive benchmarking of key players by region
PESTLE Analysis
PORTER's analysis
Value chain and supply chain analysis
Legal Aspects of business by region
Lucrative business opportunities with SWOT analysis
Recommendations
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