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Automotive Elastomers Market Report, Growth Analysis And Outlook By 2033
Automotive Elastomers Market Report
As per the report, the automotive elastomers market size has grown strongly in recent years. It will grow from $32.51 billion in 2023 to $34.50 billion in 2024 at a compound annual growth rate (CAGR) of 6.1%. The automotive elastomers market size is expected to see strong growth in the next few years. It will grow to $44.02 billion in 2028 at a compound annual growth rate (CAGR) of 6.3%.
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What Is Driving The Growth Of The Global Automotive Elastomers Market?
Rising Vehicle Demand Fuels Automotive Elastomers Market Growth
The increasing demand for new vehicles is expected to propel the growth of the automotive elastomers market going forward. The rise in demand for new vehicles is driven by increased consumer confidence, economic recovery, and advancements in automotive technology. Vehicles use automotive elastomers for sealing, vibration isolation, and flexible components in various parts, such as seals, gaskets, tires, and suspension systems
What Is The Key Trend In The Global Automotive Elastomers Market?
Innovative Developments In Automotive Elastomers Enhancing Performance And Sustainability
Major companies in the automotive elastomers market are focused on developing advanced solutions, such as electrically conductive thermoplastic elastomers, to enhance functionality and meet evolving industry demands. Electrically conductive thermoplastic elastomers refer to materials that combine the flexibility of elastomers with the electrical conductivity typically found in metals or conductive polymers, used in applications requiring both mechanical flexibility and electrical conductivity.
How Is The Global Automotive Elastomers Market Segmented?
The automotive elastomers market covered in this report is segmented -
1) By Type: Natural Rubbers (NR), Butyl Elastomers (IIR), Butadiene (BR) (Polybutadiene) Elastomers, Ethylene-Propylene (EPM Or EPDM) Elastomers, Polyisoprene (IR) Elastomers, Nitrile (NBR) Elastomers, Silicones (Q), Polychloroprene (CR) (Neoprene) Elastomers, Acrylic (ACM) Elastomers, Other Types
2) By Vehicle Type: Passenger Cars, Light Commercial Vehicles, Medium And Heavy Commercial Vehicles
3) By Application: Tire, Interior, Exterior, Under The Hood
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How Is The Competitive Landscape Of The Global Automotive Elastomers Market?
Major companies operating in the automotive elastomers market are BASF SE, ExxonMobil Chemical Company, Saudi Basic Industries Corporation (SABIC), Continental AG, LG Chem Ltd., Covestro AG, Asahi Kasei Corporation, Evonik Industries AG, DuPont de Nemours Inc. , Arkema Group, Mitsui Chemicals Crop & Life Solutions Inc., Celanese Us Holdings LLC, Lanxess AG, Huntsman International LLC, Solvay S.A., Kuraray Co. Ltd., Trelleborg AB, Japan Synthetic Rubber Co. Ltd., Zeon Chemicals Asia Co. Ltd., Teknor Apex Elastomers Inc., Kraton Polymers LLC, Momentive Performance Materials Inc.
Contents Of The Global Automotive Elastomers Market
1. Executive Summary
2. Automotive Elastomers Market Report Structure
3. Automotive Elastomers Market Trends And Strategies
4. Automotive Elastomers Market - Macro Economic Scenario
5. Automotive Elastomers Market Size And Growth
…..
27. Automotive Elastomers Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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