Performance Elastomers Market Analysis, Share, Trend, Industry Report Forecast till 2032 | Trelleborg AB, Evonik, Dow, GLS Corporation

Global Performance Elastomers Market Size, Status, and forecast for the 2025-2032. The research provides accurate economic, global, and country-level predictions and analyses. It provides a comprehensive perspective of the competitive market as well as an in-depth supply chain analysis to assist businesses in identifying major changes in industry practices. The market report also examines the current state of the Performance Elastomers Market industry, as well as predicted future growth, technological advancements, investment prospects, market economics, and financial data. Additionally, the report includes upstream and downstream analyses of key players, as well as global certainties and assurances. The report evaluates dynamic aspects such as forecast market information, Porter's Five Forces Analysis, sales estimates, wide product portfolio, market scenarios, and possibility studies.

The global performance elastomer market was valued at $15.9 billion in 2024 and is projected to reach $31.7 billion by 2032, growing at a CAGR of 7.3% from 2025 to 2032.

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Performance Elastomers Market Drivers:

In the automotive and aerospace industries, performance elastomers are extensively used due to their outstanding properties, including excellent resistance to extreme temperatures, chemicals and wear. The demands for such high-performance materials are increasing due to the growing needs for lightweight, fuel-efficient vehicles and advanced aircraft. In vehicles, performance elastomers are commonly used in applications such as engine mounts, seals, and gaskets, while in aircraft they are found in seals, hoses, and insulators, among others.Another driver of performance elastomers' demand is the shift towards electric and hybrid vehicles that require materials resistant to the high temperatures and electrical loads presented by electric motors and batteries.

Performance elastomers are finding increasing applications in the healthcare and medical device industries due to their biocompatibility, flexibility, and durability. They are used in a wide range of medical devices, including catheters, implants, and drug delivery systems. The demand for performance elastomers in the healthcare sector is driven by the growing prevalence of chronic diseases, the increasing focus on minimally invasive procedures, and the development of advanced medical technologies.Performance elastomers offer advantages such as resistance to bodily fluids, sterilization, and biocompatibility, making them suitable for use in implantable devices and other critical medical applications.

Major Players in Performance Elastomers Markets are:

Trelleborg AB, Evonik, Dow, GLS Corporation, Kuraray Co., Ltd., Asahi Kasei Corporation, Arkema, Mitsui Chemicals, RTP Company, Elastomer Solutions Limited, Zeon Corporation, JSR Corporation, DuPont, Lanxess, Solvay SA

Industry News:

On Apr 27, 2021, Azelis Americas CASE, LLC exclusively distributed BASF's polyurethane catalyst portfolio, which is marketed under the Lupragen brand in North America. The two companies concluded a contractual agreement that goes into immediate effect.

On Sep 16, 2020, BASF expanded the application range of its simulation tool Ultrasim: as of now, the computer-aided engineering (CAE) tool also calculates component concepts based on elastomers, especially Elastollan, BASF's thermoplastic polyurethane (TPU). The simulation covers the entire process chain from initial processing to the mechanical properties of the final product.

On Aug 10, 2019, Dow enabled greater design freedom and process efficiency with its latest introduction to the North American elastomer market. As part of the full portfolio of high-performance SILASTIC silicone elastomers on display at the 2019 International Elastomer Conference in Cleveland, Ohio, Dow announced the launch of the SILASTIC LTC 9400 Series Liquid Silicone Rubbers. These improved low-temperature cure Liquid Silicone Rubber (LSR) open the material to new applications across a wide range of industries, including automotive, electronics, and consumer. This product launch improves Dow's product portfolio.

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Global Performance Elastomers Market Segmentation:

Performance Elastomer Market Product Type
Fluorinated Elastomers
Silicone Elastomers
Polyurethane Elastomers
Epichlorohydrin Elastomers
Others

Performance Elastomer Market Property
High Temperature Resistance
Chemical Resistance
Mechanical Strength
Electrical Insulation
Abrasion Resistance

Performance Elastomer Market Application
Automotive
Oil and Gas
Construction
Healthcare
Aerospace

Performance Elastomer Market End-Use Industry
Automotive OEMs
Aerospace Defense
Medical Devices
Oil Gas Exploration
Construction

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The following areas and countries are covered in the worldwide Performance Elastomers Market file:

North America (US, Canada, Mexico)
Europe (Germany, France, UK, Russia, Italy)
Asia Pacific (China, Japan, South Korea, India, Southeast Asia)
South America (Brazil, Argentina, Colombia, etc.)
Middle East and Africa (Saudi Arabia, UAE), Egypt, Nigeria, and South Korea)

North America is the largest regional market for performance elastomers, accounting for over 36% of the global revenue in 2024. The region is home to several major manufacturers and end-users of performance elastomers and is expected to continue to dominate the market in the coming years. Europe is the second largest regional market for performance elastomers, with a share of over 26% in 2024.The region has a strong automotive industry, which is a major end-user of performance elastomers. APAC is the fastest growing regional market for performance elastomers, with a projected CAGR of over 4% during the forecast period. The region is home to a number of emerging economies, which are expected to drive demand for performance elastomers in the coming years.

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