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Elastomers Market to Reach USD 122.57 Bn by 2029, emerging at a CAGR of 4.01 percent and forecast 2023-2029
Elastomers Market
The research methodology employed for this report involves a thorough analysis of market dynamics, drivers, restraints, and challenges. The study includes insights obtained through primary and secondary research, providing a holistic understanding of the Elastomers market.
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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. The region's growth is attributed to increased automotive production, government investments, and the use of thermoplastic elastomers in construction equipment.
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
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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
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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
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