Press release
Elastomers Market Projected to Reach USD 127.48 Bn. by 2030, According to Maximize Market Research Report
๐๐ฅ๐๐ฌ๐ญ๐จ๐ฆ๐๐ซ๐ฌ ๐๐๐ซ๐ค๐๐ญ
Maximize Market Research, has published market intelligence and competitive landscape report on the Elastomers Market published in July 2024. The report is a combination of primary data and secondary data and field experts have examined the Elastomers Market.
๐๐๐ญ ๐๐จ๐ฎ๐ซ ๐๐จ๐ฆ๐ฉ๐ฅ๐ข๐ฆ๐๐ง๐ญ๐๐ซ๐ฒ ๐๐๐ฆ๐ฉ๐ฅ๐ ๐๐๐ฉ๐จ๐ซ๐ญ ๐๐จ๐ฐ: https://www.maximizemarketresearch.com/request-sample/29748/
๐๐ฅ๐๐ฌ๐ญ๐จ๐ฆ๐๐ซ๐ฌ ๐๐๐ซ๐ค๐๐ญ ๐๐ฏ๐๐ซ๐ฏ๐ข๐๐ฐ:
The elastomers market includes polymers with elastic properties, characterized by strong tensile strength and poor electrical conductivity. The two types of polymers that are described here are thermoset and thermoplastic. It is simple to deal with thermoplastic elastomers since them are resistant to chemicals and can be recycled, but thermoset elastomers create irreversible cross-links that give them exceptional durability and heat resistance.
๐๐ก๐๐ญ ๐๐ซ๐ ๐ญ๐ก๐ ๐๐ฅ๐๐ฌ๐ญ๐จ๐ฆ๐๐ซ๐ฌ ๐๐๐ซ๐ค๐๐ญ ๐๐ฒ๐ง๐๐ฆ๐ข๐๐ฌ?
The elastomers market is driven by demand from many industries, including automotive, medical, and electronics, and construction. In the automotive industry, elastomers replace PVC to improve fuel efficiency. In construction they are used for sealing and insulation. The medical sector uses elastomers for gloves, gaskets, and molding products due to their flexibility and toughness. But environmental concerns, strict regulations, and fluctuating raw material prices pose challenges to the elastomers market.
The Asia Pacific region dominated the elastomers market in 2023, holding a 63% share. This is largely due to high demand in tire manufacturing and increased automotive production in countries like India and Malaysia. Government investments, liberalization policies, and technological advancements further support market growth. North America and Europe also show steady growth, driven by automotive and construction industries, along with innovations in elastomer applications.
๐๐ฅ๐๐ฌ๐ญ๐จ๐ฆ๐๐ซ๐ฌ ๐๐๐ซ๐ค๐๐ญ ๐๐๐จ๐ฉ๐:
Market Size in 2023 USD 96.81 Bn.
Market Size in 2030 USD 127.48 Bn.
CAGR 4.01% (2024-2030)
Forecast Period 2024-2030
Base Year 2023
Number of Pages 265
No. of Tables 110
No. of Charts and Figures 103
Segment Covered by Product Type, and Application
Regional Scope North America, Europe, Asia Pacific, Middle East and Africa, South America
Report Coverage Elastomers Market Share, Size & Forecast by Revenue | 2024-2030, Market Dynamics, Growth Drivers, Restraints, Investment Opportunities, and Key Trends, Competitive Landscape, Key Players Benchmarking, Competitive Analysis, MMR Competition Matrix, Competitive Leadership Mapping, Global Key Players' Market Ranking Analysis.
๐๐ฅ๐๐ข๐ฆ ๐๐จ๐ฎ๐ซ ๐๐๐ฆ๐ฉ๐ฅ๐ ๐๐๐ฉ๐จ๐ซ๐ญ ๐๐ง๐ ๐๐ซ๐๐ฉ๐ก๐ข๐๐๐ฅ ๐๐ง๐ฌ๐ข๐ ๐ก๐ญ๐ฌ ๐๐๐ซ๐: https://www.maximizemarketresearch.com/request-sample/29748/
๐๐ฅ๐๐ฌ๐ญ๐จ๐ฆ๐๐ซ๐ฌ ๐๐๐ซ๐ค๐๐ญ ๐๐จ๐ฏ๐๐ซ๐๐ ๐ญ๐ก๐ ๐๐๐ ๐ฆ๐๐ง๐ญ๐ฌ:
๐๐ฒ ๐๐ซ๐จ๐๐ฎ๐๐ญ ๐๐ฒ๐ฉ๐
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)
๐๐ฒ ๐๐ฉ๐ฉ๐ฅ๐ข๐๐๐ญ๐ข๐จ๐ง
Automotive
Consumer Goods
Medical
Industrial
Others
๐๐จ๐ฆ๐ ๐จ๐ ๐ญ๐ก๐ ๐๐ฎ๐ซ๐ซ๐๐ง๐ญ ๐ฉ๐ฅ๐๐ฒ๐๐ซ๐ฌ ๐ข๐ง ๐ญ๐ก๐ ๐๐ฅ๐๐ฌ๐ญ๐จ๐ฆ๐๐ซ๐ฌ ๐๐๐ซ๐ค๐๐ญ ๐๐ซ๐:
BASF SE
Dow
Covestro AG
KURARAY CO. LTD
Huntsman International LLC.
LG Chem. Ltd
Arkema, Inc
PolyOne Corporation
Du Pont de Nemours and Company
Stockwell Elastomerics, Inc.
Innovative Silicones
Universal Rubber Mfg NV
JSR Corporation
Zeon Corporation
Celanese Corporation
๐๐ข๐ฏ๐ ๐๐๐๐ฉ ๐ข๐ง๐ญ๐จ ๐๐ง๐๐ฎ๐ฌ๐ญ๐ซ๐ฒ ๐๐ง๐ฌ๐ข๐ ๐ก๐ญ๐ฌ: https://www.maximizemarketresearch.com/market-report/global-elastomers-market/29748/
๐๐๐ฒ ๐ช๐ฎ๐๐ฌ๐ญ๐ข๐จ๐ง๐ฌ ๐๐ง๐ฌ๐ฐ๐๐ซ๐๐ ๐ข๐ง ๐ญ๐ก๐ ๐๐ฅ๐๐ฌ๐ญ๐จ๐ฆ๐๐ซ๐ฌ ๐๐๐ซ๐ค๐๐ญ ๐๐ซ๐:
Which region has the largest share in Elastomers Market?
What is the growth rate of the Elastomers Market?
What segments are covered in Elastomers market?
Who are the key players in Elastomers market?
What is the study period of this Elastomers market?
๐๐๐ฒ ๐๐๐๐๐ซ๐ข๐ง๐ ๐ฌ:
Past Market Size and Competitive Landscape
Elastomers Market Size, Share, Size & Forecast by different segment
Market Dynamics - Growth Drivers, Restraints, Opportunities, and Key Trends by region
Elastomers Market Segmentation - A detailed analysis by Product
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
๐๐ฑ๐ฉ๐ฅ๐จ๐ซ๐ ๐จ๐ฎ๐ซ ๐ญ๐จ๐ฉ-๐ฉ๐๐ซ๐๐จ๐ซ๐ฆ๐ข๐ง๐ ๐ซ๐๐ฉ๐จ๐ซ๐ญ๐ฌ ๐จ๐ง ๐ญ๐ก๐ ๐ฅ๐๐ญ๐๐ฌ๐ญ ๐ญ๐ซ๐๐ง๐๐ฌ:
๐๐ก๐๐ซ๐ฆ๐จ๐ฉ๐ฅ๐๐ฌ๐ญ๐ข๐ ๐๐จ๐ฅ๐ฒ๐๐ฆ๐ข๐๐ ๐๐ฅ๐๐ฌ๐ญ๐จ๐ฆ๐๐ซ๐ฌ ๐๐๐ซ๐ค๐๐ญ is expected to grow at a CAGR of 5.7% and it is expected to reach USD 3.02 Bn by 2030. https://www.maximizemarketresearch.com/market-report/global-thermoplastic-polyamide-elastomers-market/63595/
๐๐จ๐ฅ๐ฒ๐ฎ๐ซ๐๐ญ๐ก๐๐ง๐ ๐๐ฅ๐๐ฌ๐ญ๐จ๐ฆ๐๐ซ๐ฌ ๐๐๐ซ๐ค๐๐ญ was valued at USD 2.22 Bn. in 2023 and is expected to reach USD 3.26 Bn. by 2030, at a CAGR of 5.6% during a forecast period. https://www.maximizemarketresearch.com/market-report/polyurethane-elastomers-market/5798/
๐๐ฎ๐ซ ๐๐๐๐ซ๐๐ฌ๐ฌ:
๐๐๐ฑ๐ข๐ฆ๐ข๐ณ๐ ๐๐๐ซ๐ค๐๐ญ ๐๐๐ฌ๐๐๐ซ๐๐ก ๐๐ฏ๐ญ. ๐๐ญ๐.
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๐๐๐จ๐ฎ๐ญ ๐๐๐ฑ๐ข๐ฆ๐ข๐ณ๐ ๐๐๐ซ๐ค๐๐ญ ๐๐๐ฌ๐๐๐ซ๐๐ก:
Maximize Market Research is a multifaceted market research and consulting company with professionals from several industries. Some of the industries we cover include medical devices, pharmaceutical manufacturers, science and engineering, electronic components, industrial equipment, technology and communication, cars and automobiles, chemical products and substances, general merchandise, beverages, personal care, and automated systems. To mention a few, we provide market-verified industry estimations, technical trend analysis, crucial market research, strategic advice, competition analysis, production and demand analysis, and client impact studies.
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