Press release
Driving Growth In The Performance Elastomers Market Automotive And Transport Industry Demand Surge: A Key Driver Powering Performance Elastomers Market Growth In 2025
Performance Elastomers
What Is the Current Performance Elastomers Market Size and Its Estimated Growth Rate?
The market size for performance elastomers has seen significant growth in previous years. An increase from $16.96 billion in 2024 to $18.83 billion in 2025 is expected, showing a compound annual growth rate (CAGR) of 11.1%. The historic growth is due to factors such as demand in the automotive and transportation industry, development in construction and infrastructure sectors, progress in material science, expansion in manufacturing and industrial sectors, and applications in the oil and gas industry.
In the coming years, the performance elastomers market is projected to experience a significant acceleration in growth, reaching a value of $28.66 billion in 2029, with a compound annual growth rate (CAGR) of 11.1%. The expansion during the forecast period can be tied to sustainable and eco-friendly elastomers, the burgeoning market for electric vehicles, the usage of elastomers in the manufacture of medical equipment, the application of elastomeric materials in 3D printing, as well as infrastructure advancement in emergent markets. Some key trends for the forecast period encompass bio-based and recyclable elastomers, hyperplastic substances for a range of applications, IoT device-adapted smart elastomers, elastomers amplified with nanomaterials, and the incorporation of elastomers in green building materials.
Purchase the full report for exclusive industry analysis:
https://www.thebusinessresearchcompany.com/purchaseoptions.aspx?id=7433
How Are Emerging Segments Shaping the Performance Elastomers Market Landscape?
The performance elastomers market covered in this report is segmented -
1) By Type: Nitrile-Based Elastomers, Fluoroelastomer, Silicone Elastomers, Other Types
2) By End-Use Industry: Automotive And Transportation, Healthcare, Industrial Machinery, Building And Construction, Electrical And Electronics, Other End-Use Industry
Subsegments:
1) By Nitrile-Based Elastomers: Acrylonitrile Butadiene Rubber (NBR), Hydrogenated Nitrile Butadiene Rubber (HNBR)
2) By Fluoroelastomer: Fluorocarbon Elastomers (FKM), Perfluoroelastomers (FFKM)
3) By Silicone Elastomers: Room Temperature Vulcanizing (RTV) Silicone, High-Temperature Vulcanizing (HTV) Silicone, Liquid Silicone Rubber (LSR)
4) By Other Types: Thermoplastic Elastomers (TPE), Polyurethane Elastomers (PU), Styrene-Butadiene Rubber (SBR)
Get your free sample here:
https://www.thebusinessresearchcompany.com/sample.aspx?id=7433&type=smp
Which Growth Factors Are Influencing Performance Elastomers Market Expansion?
The performance elastomers market is anticipated to be driven by escalating demand in the automotive and transport sector. Steady global economic growth has improved living standards, enhancing buying power. The onset of the COVID-19 pandemic led people to seek safer forms of transportation, which encouraged social distancing, contributing to the burgeoning automotive industry. Fluctuating gas prices have spurred the widespread adoption of cost-effective and efficient EV vehicles. This heightened automotive demand has sparked a rise in the use of performance elastomers, known for their lightweight nature and ample design flexibility for both interior and exterior car parts. As per the European Automobile Manufacturers Association, a Belgium-based automotive organization, in 2022, the global production of motor vehicles hit 85.4 million units, a significant 5.7% increase from 2021. Additionally, Brand Finance plc, a UK-based brand valuation firm, reported in February 2022 that the automotive sector registered around 78 million unit sales in 2022, up by a considerable 10%. Consequently, the surge in vehicle production has necessitated increased use of performance elastomers, thereby fuelling the growth of the performance elastomers market.
Who Are the Dominant Players Across Different Performance Elastomers Market Segments?
Major companies operating in the performance elastomers market include Du Pont de Nemours, Arlanxeo, Zeon Chemicals LP, Solvay S.A, Dow Corning Corporation, Momentive Performance Materials Inc, Shin-Etsu Chemical Co, LANXESS AG, Huntsman Corporation, Covestro AG, ExxonMobil Chemical, BASF SE, LG Chem Ltd, Kuraray Co, Sumitomo Chemical Co, Mitsubishi Chemical Corporation, Tosoh Corporation, Asahi Kasei Corporation, JSR Corporation, Arkema S, Evonik Industries AG, Cabot Corporation, Trinseo LLC, KRAIBURG TPE GmbH & Co, Teknor Apex Company, RTP Company, PolyOne Corporation
What Are the Latest Developing Trends in the Performance Elastomers Market?
The emergence of eco-conscious, high-performing elastomers is taking center stage as a prominent trend in the performance elastomer market. This trajectory is driven by heightened environmental awareness, leading to a surge in demand for eco-friendly elastomer products. Sustainable, bio-derived elastomer products play a pivotal role in reaching this goal. Companies in the performance elastomers sector are formulating environmentally sensitive, safe elastomers to solidify their market standing. For example, Dow, an American chemicals and plastics producer, created ENGAGE REN, a plant-based high-caliber polyolefin elastomer intended for sustainable footwear in May 2022. The innovative ENGAGE REN polyolefin elastomers (POEs) hailing from renewable energy and plant-based materials like used cooking oil empowers the footwear sector to decrease its carbon impact while manufacturing eco-friendly products of excellent quality, such as light foams possessing equal hardness, enhanced abrasion resistance, and constant polymerity.
Purchase the full report for exclusive industry analysis:
https://www.thebusinessresearchcompany.com/report/performance-elastomers-global-market-report
Which Geographic Regions Are Expected to Dominate the Performance Elastomers Market in the Coming Years?
Asia-Pacific was the largest region in the performance elastomers market in 2024. North America is expected to be the fastest-growing region in the forecast period. The regions covered in the performance elastomers market report include Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
Frequently Asked Questions:
1. What Is the Market Size and Growth Rate of the Performance Elastomers Market?
2. What is the CAGR expected in the Performance Elastomers Market?
3. What Are the Key Innovations Transforming the Performance Elastomers Industry?
4. Which Region Is Leading the Performance Elastomers Market?
Why This Report Matters:
Competitive overview: This report analyzes the competitive landscape of the 3D imaging software market, evaluating key players on market share, revenue, and growth factors.
Informed Decisions: Understand key strategies related to products, segmentation, and industry trends.
Efficient Research: Quickly identify market growth, leading players, and major segments.
Connect with us on:
LinkedIn: https://in.linkedin.com/company/the-business-research-company,
Twitter: https://twitter.com/tbrc_info,
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ.
Contact Us
Europe: +44 207 1930 708,
Asia: +91 88972 63534,
Americas: +1 315 623 0293 or
Email: mailto:info@tbrc.info
Learn More About The Business Research Company
With over 15,000+ reports from 27 industries covering 60+ geographies, The Business Research Company has built a reputation for offering comprehensive, data-rich research and insights. Our flagship product, the Global Market Model delivers comprehensive and updated forecasts to support informed decision-making.
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Driving Growth In The Performance Elastomers Market Automotive And Transport Industry Demand Surge: A Key Driver Powering Performance Elastomers Market Growth In 2025 here
News-ID: 3964324 • Views: …
More Releases from The Business Research Company
Leading Companies Reinforce Their Presence in the Blanket Market
The blanket market is steadily gaining traction as consumers increasingly seek comfort and style in their home essentials. With evolving preferences and technological advancements, this sector is set to experience consistent growth. Let's explore the current market value, key players, emerging trends, and the main segments fueling this expansion.
Forecasted Blanket Market Size and Growth Trajectory
The blanket market has seen consistent growth over recent years. From a market size…
Global Trends Review: The Rapid Evolution of the Sporting and Athletic Goods Mar …
The sporting and athletic goods market is experiencing steady growth, driven by evolving consumer preferences and technological advancements. As health and wellness continue to gain importance globally, this market is set for notable expansion in the coming years. Let's explore the current market size, key factors fueling its growth, leading companies, major trends, and segmentation details.
Forecast for Sporting and Athletic Goods Market Size Through 2029
The sporting and athletic…
Train Seat Market Overview, Key Growth Factors, and Insights on Top Players
The train seat industry is experiencing notable growth, driven by advancements in technology and increasing demand for improved passenger comfort. As rail travel evolves, so does the need for innovative, efficient, and adaptable seating solutions that cater to modern requirements. Let's explore the current market status, key players, trends, and segments shaping the future of train seating.
Train Seat Market Size and Growth Expectations
The train seat market has seen…
Leading Companies Solidifying Their Presence in the Spunbond Nonwovens Market
The spunbond nonwovens industry has been experiencing notable growth and shows promising prospects for the coming years. This expanding market is being driven by several innovations and increasing demand across diverse sectors, signaling a robust future.
Projected Growth and Market Size of the Spunbond Nonwovens Market
The spunbond nonwovens market has demonstrated solid expansion recently, with its size expected to rise from $15.57 billion in 2024 to $16.59 billion in…
More Releases for Elastomers
Rising Vehicle Demand Fuels Automotive Elastomers Market Growth : Strengthening …
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.
What Is the Expected CAGR for the Automotive Elastomers Market Through 2025?
In recent times, the automotive elastomers market has experienced significant expansion. The market is projected to increase from a market size of $34.5 billion in 2024 to a value of $36.72 billion in 2025, with a compound…
Polyolefin Elastomers Market
The global Polyolefin Elastomers (POE) market was valued at approximately USD 1.36 billion in 2023. It is projected to grow to USD 2.64 billion by 2032, reflecting a compound annual growth rate (CAGR) of 7.70% from 2024 to 2032.
Polyolefin Elastomers Market Overview
Polyolefin elastomers (POEs) are a class of thermoplastic elastomers derived from olefins like ethylene and propylene. These materials combine the flexibility and elasticity of rubber with the processability of…
Key Trend Reshaping the Performance Elastomers Market in 2025: Rising Trend In E …
Which drivers are expected to have the greatest impact on the over the performance elastomers market's growth?
The performance elastomers market is projected to grow due to heightened demand within the automotive and transportation sectors. Global economies have been experiencing steady growth, thereby elevating living standards and enhancing buying power. The onset of the COVID-19 pandemic has further catalysed this trend, as personalised transportation options became preferable due to their suitability…
Acrylic Elastomers Market Research Report 2024
𝐔𝐒𝐀, 𝐍𝐞𝐰 𝐉𝐞𝐫𝐬𝐞𝐲: Acrylic Elastomers Market size was valued at USD 857.67 Million in 2020 and is projected to reach USD 1705.87 Million by 2028, growing at a CAGR of 9% from 2021 to 2028.
Market Overview for Acrylic Elastomers Market
Acrylic Elastomers Market OverviewAcrylic elastomers represent a dynamic segment within the broader elastomer industry, characterized by their unique blend of properties that combine the benefits of both acrylic polymers and elastomers.…
Aerospace and Defence Elastomers Market
The Aerospace and Defense Elastomers Market research report by The Insight Partners includes Market segmentation and overlays shadow upon the leading market players highlighting the favourable competitive landscape and trends prevailing over the years. This study provides information about the sales and revenue during the historic and forecasted period of 2022 to 2028. Understanding the segments helps in identifying the importance of different factors that aid the Aerospace and Defense…
Global Performance Elastomers Market 2024 Forecast & Companies – silicone, the …
The newly released research at Market Study Report titled “2017-2024 Global Performance Elastomers Market Report” provides data, information, brief analysis, company profiles, statistics for past years and forecasts for next few years.
Asia Pacific will be the largest performance elastomers market over the forecast years with more than 55% of the overall industry by 2024. Prevalence of a highly mature and developing automotive industry in this region will augment the…
