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Automotive Elastomers Market 2025 | Industry Developments, Future Growth, Share & Industry Insights
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The Automotive Elastomers market report majorly focuses on market trends, historical growth rates, technologies, and the changing investment structure. Additionally, the report shows the latest market insights, increasing growth opportunities, business strategies, and growth plans adopted by major players. Moreover, it contains an analysis of current market dynamics, future developments, and Porter's Five Forces Analysis.
Latest M&A Activity
The automotive elastomers market witnessed moderate M&A activity in 2025 driven by companies focusing on expanding product portfolios in sustainable and advanced elastomer materials.
Key consolidations include investments by established players like DowDuPont, BASF, ExxonMobil, LANXESS, and Huntsman to enhance capabilities in high-performance and sustainable automotive elastomers.
Private equity is active in acquiring niche elastomer producers focusing on thermoplastic elastomers (TPEs) for automotive interiors, seals, and vibration dampening applications, reflecting strong industry demand
Forecast Growth Projected:
The Global Automotive Elastomers Market is anticipated to rise at a considerable rate during the forecast period, between 2024 and 2031. In 2023, the market is growing at a steady rate, and with the rising adoption of strategies by key players, the market is expected to rise over the projected horizon.
List of the Key Players in the Automotive Elastomers Market:
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.
Segment Covered in the Automotive Elastomers Market:
By Type: Thermoset Elastomers, Natural Rubber, Synthetic Rubber, Polyisoprene, Styrene-Butadiene Rubber, Polybutadiene, Nitrile Butadiene Rubber, Others, Thermoplastic Elastomers, Thermoplastic Polyolefin, Thermoplastic Polyurethane, Thermoplastic Vulcanizates, Styrene block copolymer, Copolyester Ether, Thermoplastic polyamide
By Vehicle: Passenger Cars, Light Commercial Vehicles, Medium & Heavy Commercial Vehicles
By Application: Tire, Non-Tire, Interior, Airbags, Hoses, Breaks & Suspensions, Door Panels, Conveyor Belts, Soft Touch Panels, Others, Exterior, Front Body Panel, Bumpers, Window Shields, Others
Product Launches & Innovations
In 2025, Tenneco's Clevite Elastomers introduced next-generation NVH (noise, vibration, harshness) and thermal isolation elastomer solutions tailored for electric and hybrid vehicles.
Dow launched a polyolefin elastomer-based artificial leather for automotive seating, designed to enhance durability, aesthetics, and comfort, while supporting sustainability through recyclability.
Additionally, new thermoplastic elastomers (TPEs) featuring improved adhesion, durability, and heat resistance are being rolled out for exterior sealing and under-the-hood automotive applications.
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Regional Analysis:
The global Automotive Elastomers Market report focuses on six major regions: North America, Latin America, Europe, Asia Pacific, the Middle East, and Africa. The report offers detailed insight into new product launches, new technology evolutions, innovative services, and ongoing R&D. The report discusses a qualitative and quantitative market analysis, including PEST analysis, SWOT analysis, and Porter's five force analysis. The Automotive Elastomers Market report also provides fundamental details such as raw material sources, distribution networks, methodologies, production capacities, industry supply chain, and product specifications.
Chapter Outline:
Chapter 1: Introduces the report scope of the report, executive summary of different market segments (by region, product type, application, etc), including the market size of each market segment, future development potential, and so on. It offers a high-level view of the current state of the market and its likely evolution in the short to mid-term, and long term.
Chapter 2: key insights, key emerging trends, etc.
Chapter 3: Manufacturers competitive analysis, detailed analysis of Automotive Elastomers manufacturers competitive landscape, revenue market share, latest development plan, merger, and acquisition information, etc.
Chapter 4: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product revenue, gross margin, product introduction, recent development, etc.
Chapter 5 & 6: Revenue of Automotive Elastomers in regional level and country level. It provides a quantitative analysis of the market size and development potential of each region and its main countries and introduces the market development, future development prospects, market space, and market size of each country in the world.
Chapter 7: Provides the analysis of various market segments by Type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.
Chapter 8: Provides the analysis of various market segments by Application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.
Chapter 9: Analysis of industrial chain, including the upstream and downstream of the industry.
Chapter 10: The main points and conclusions of the report.
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Market News & Trends
The global automotive elastomers market is valued around USD 39.8 billion in 2025, projected to reach USD 64 billion by 2034 at a CAGR of approximately 5.4%.
Growth is primarily driven by increased production of electric vehicles (EVs) requiring specialized elastomers for battery components, high-voltage insulation, and thermal management.
Asia-Pacific, led by China and India, is the fastest growing region due to booming automotive production and government incentives fostering green mobility.
Industry focus is shifting towards bio-based and recycled elastomers, along with innovations in additive manufacturing and smart elastomer materials embedded with sensors.
Lightweighting trends continue to push development of high-strength, flexible elastomers reducing vehicle weight and improving fuel efficiency or driving range for EVs.
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