openPR Logo
Press release

Automotive Elastomers Market Size Forecasted To Achieve $46.7 Billion By 2029 With Steady Growth

05-23-2025 08:20 AM CET | Logistics & Transport

Press release from: The Business Research Company

Automotive Elastomers Market

Automotive Elastomers Market

The Automotive Elastomers Market Report by The Business Research Company delivers a detailed market assessment, covering size projections from 2025 to 2034. This report explores crucial market trends, major drivers and market segmentation by [key segment categories].

What Is the Automotive Elastomers Market Size and Projected Growth Rate?
The automotive elastomers market size has experienced strong growth in recent years. It will grow from $34.5 billion in 2024 to $36.72 billion in 2025, at a CAGR of 6.4%. The growth can be linked to higher automotive production, the development of new elastomer formulations, the implementation of stringent emission norms globally, the rise in electric vehicle production, and efforts by automotive manufacturers to reduce vehicle weight.

The automotive elastomers market is expected to grow steadily to $46.7 billion in 2029 at a CAGR of 6.2%, driven by EV/autonomous vehicle growth, environmental concerns, smart materials interest, hybrid popularity, and continued R&D. Trends include self-healing materials, bio-based elastomers, nanomaterial incorporation, and conductive elastomer development.

Purchase the full report for exclusive industry analysis:
https://www.thebusinessresearchcompany.com/purchaseoptions.aspx?id=17075

What Are the Major Segments in the Automotive Elastomers Market?
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

Subsegments:
1) By Natural Rubbers (NR): Solid Natural Rubber, Liquid Natural Rubber
2) By Butyl Elastomers (IIR): High-Cis Butyl Elastomers, Bromobutyl Elastomers
3) By Butadiene (BR) (Polybutadiene) Elastomers: High-Polymer Polybutadiene, Low-Polymer Polybutadiene
4) By Ethylene-Propylene (EPM or EPDM) Elastomers: EPM Elastomers, EPDM Elastomers
5) By Polyisoprene (IR) Elastomers: Synthetic Polyisoprene Elastomers, Natural Polyisoprene Elastomers
6) By Nitrile (NBR) Elastomers: Carboxylated Nitrile Elastomers, Hydrogenated Nitrile Elastomers
7) By Silicones (Q): Solid Silicones, Liquid Silicones
8) By Polychloroprene (CR) (Neoprene) Elastomers: Chloroprene Rubber (CR), Neoprene Rubber (CR)
9) By Acrylic (ACM) Elastomers: Acrylic-Modified Elastomers, Cross-Linked ACM Elastomers
10) By Other Types: Fluoroelastomers, Thermoplastic Elastomers (TPEs)

Get your free sample here:
https://www.thebusinessresearchcompany.com/sample.aspx?id=17075&type=smp

What Are The Driving Automotive Elastomers Market Evolution?
The growing demand for new vehicles is expected to support the automotive elastomers market. This demand is driven by increased consumer confidence, economic recovery, and advancements in automotive technology. Automotive elastomers are used for various components, including seals, tires, and suspension systems, providing flexibility and vibration isolation. In July 2023, the International Energy Agency reported that over 2.3 million electric cars were sold in the first quarter of 2023, a 25% increase from the same period in 2022, with projections to reach 14 million sales by the end of the year. Therefore, the increasing demand for new vehicles is contributing to the growth of the automotive elastomers market.

Which Firms Dominate The Automotive Elastomers Market Segments?
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.

What Trends Are Driving Growth in The Automotive Elastomers Market?
Companies in the automotive elastomers market are focusing on advanced solutions like electrically conductive thermoplastic elastomers to meet evolving industry demands. These materials combine elastomer flexibility with electrical conductivity, ideal for automotive applications requiring both. For example, in November 2023, KRAIBURG TPE, a German manufacturer, launched THERMOLAST R RC/UV/AP, a thermoplastic elastomer compound series designed for automotive exteriors. The material offers improved weather resistance and is suitable for applications like window seals and functional design elements.

Get the full report for exclusive industry analysis:
https://www.thebusinessresearchcompany.com/report/automotive-elastomers-global-market-report

Which Is The Largest Region In The Automotive Elastomers Market?
Asia-Pacific was the largest region in the automotive elastomers market in 2024. Europe is expected to be the fastest-growing region in the forecast period. The regions covered in the automotive elastomers market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

Frequently Asked Questions:
1. What Is the Market Size and Growth Rate of the Automotive Elastomers Market?
2. What is the CAGR expected in the Automotive Elastomers Market?
3. What Are the Key Innovations Transforming the Automotive Elastomers Industry?
4. Which Region Is Leading the Automotive 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 Automotive Elastomers Market Size Forecasted To Achieve $46.7 Billion By 2029 With Steady Growth here

News-ID: 4032467 • Views:

More Releases from The Business Research Company

2025-2034 Inkjet Coder Market Evolution: Disruptions, Innovations, and Untapped Opportunities
2025-2034 Inkjet Coder Market Evolution: Disruptions, Innovations, and Untapped …
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 Inkjet Coder Market Through 2025? Strong growth has been witnessed in recent years in the inkjet coder market. It is projected that this market will expand from $2.11 billion in 2024 to $2.27 billion in 2025, experiencing a compound annual growth rate
Global Industrial Cooking Fire Protection Systems For Food Manufacturing Market Projected to Grow at 5.4% CAGR, Reaching $3.43 Billion by 2029
Global Industrial Cooking Fire Protection Systems For Food Manufacturing Market …
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts. What Will the Industrial Cooking Fire Protection Systems For Food Manufacturing Industry Market Size Be by 2025? Over the past few years, the market size for industrial cooking fire protection systems used in food manufacturing has seen a consistent growth. It is projected that the market value will grow
High Speed Engine Market Trends That Will Shape the Next Decade: Insights from Innovative Turbogenerator Technology In High-Speed Engine Applications
High Speed Engine Market Trends That Will Shape the Next Decade: Insights from I …
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts. How Large Will the High Speed Engine Market Size By 2025? The market for high speed engines has seen considerable growth in the last few years. The market which is valued at $24.17 billion in 2024 is predicted to reach $25.58 billion in 2025, experiencing a Compound Annual Growth
Industrial Sector Growth Fuels Expansion Of Evaporative Cooling Market: The Driving Engine Behind Evaporative Cooling Market Evolution in 2025
Industrial Sector Growth Fuels Expansion Of Evaporative Cooling Market: The Driv …
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts. Evaporative Cooling Market Size Growth Forecast: What to Expect by 2025? The market size for evaporative cooling has seen a robust growth in recent times. The outlook predicts an escalation from $6.41 billion in 2024 to $6.8 billion in 2025, with a compound annual growth rate (CAGR) of 6.0%.

All 5 Releases


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