Press release
Automotive Elastomers Market Surges: Rising Demand, Sustainable Innovations & Global Expansion Drive Growth 2025 | Top key players - LG Chem Ltd., BASF SE, ExxonMobil Corporation.
Automotive Elastomers Market
The Automotive Elastomers Market, as examined by DataM Intelligence, provides a thorough industry overview enriched with detailed insights, historical data, and essential statistics. The report extensively explores market dynamics and competitive landscapes, featuring profiles of leading companies, their product offerings, pricing strategies, financials, growth plans, and geographic footprint.
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The Automotive Elastomers Market encompasses synthetic and natural rubber materials used in vehicles for applications like seals, gaskets, hoses, and vibration dampening components. Valued for their flexibility, durability, and resistance to heat, chemicals, and wear, these elastomers help enhance vehicle performance, safety, and comfort. Growing demand for lightweight, fuel-efficient, and electric vehicles is driving market expansion.
Prominent Industry players in the Automotive Elastomers Market
The prominent players in Automotive Elastomers market research report are: LG Chem Ltd., BASF SE, ExxonMobil Corporation, Lanxess AG, Zeon Corporation, Kumho Petrochemical Co., Ltd., Dow, Mitsui Chemicals, Inc., SABIC (Saudi Basic Industries Corporation) and Avient Corp.
The companies are primarily focusing on strategies such as new product launches to penetrate the fastest-growing emerging markets across the world.
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Industry News:
✅ May 2, 2023 - Borealis launched the Bornewables line of QueoTM, a series of plastomers and elastomers made from renewable feedstock. These materials are produced at the ISCC PLUS-certified Borealis facility in Geleen, the Netherlands, supporting more sustainable manufacturing practices.
✅ July 31, 2023 - Avient Corporation introduced two new reSoundTM REC Thermoplastic Elastomers (TPEs) designed specifically for automotive interior applications. These new TPE grades incorporate post-consumer recycled (PCR) content, delivering environmentally friendly solutions without compromising on performance compared to traditional TPEs.
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Market Segments
By Type: Thermoset Elastomers, Thermoplastic Elastomers.
By Vehicle: Passenger Cars, Light Commercial Vehicles, Medium & Heavy Commercial Vehicles.
By Application: Tire, Non-Tire, Others.
The Automotive Elastomers industry is undergoing swift expansion, fueled by breakthroughs in medical technology, growing demand for cutting-edge therapies, and an increasing emphasis on patient-centric care. As the sector advances, in-depth market analysis is essential to track evolving trends, regulatory developments, and new opportunities.
Regions Covered:
The global Automotive Elastomers Market report focuses on six major regions: North America, South America, Europe, Asia Pacific, the Middle East, and Africa.
☞ North America - US, Canada, Mexico
☞ Europe- Germany, Russia, UK, France, Italy, Rest of Europe
☞ Asia Pacific- China, India, Japan, Australia, Rest of Asia Pacific
☞ South America- Brazil, Argentina, Colombia, Rest of South America
☞ Middle East and Africa- Saudi Arabia, UAE, Oman, Bahrain, Qatar, Kuwait, Israel
FAQs:
✒ What is driving the growth of the Automotive Elastomers Market?
✒ Who are the prominent players in the Automotive Elastomers Market?
✒ How is the regulatory landscape affecting the Automotive Elastomers Market?
✒ What regions are expected to see the highest growth?
✒ What are the key challenges faced by the Automotive Elastomers Market?
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