Automotive Elastomers Market is expected to reach US$ 51.4 billion by 2030 | Major players - LG Chem Ltd., BASF SE, ExxonMobil Corporation, Zeon Corporation.

Market Size and Growth:

The Global Automotive Elastomers Market size reached US$ 32.5 billion in 2022 and is expected to reach US$ 51.4 billion by 2030, growing with a CAGR of 5.3% during the forecast period 2024-2031.

The Automotive Elastomers Market report, published by DataM Intelligence, provides in-depth insights and analysis on key market trends, growth opportunities, and emerging challenges. Committed to delivering actionable intelligence, DataM Intelligence empowers businesses to make informed decisions and stay ahead of the competition. Through a combination of qualitative and quantitative research methods, it offers comprehensive reports that help clients navigate complex market landscapes, drive strategic growth, and seize new opportunities in an ever-evolving global market.

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The Automotive Elastomers Market encompasses the production, distribution, and application of flexible, durable rubber-like materials used in vehicles. These elastomers, including synthetic and natural types, are essential for seals, gaskets, tires, hoses, and vibration-damping components. The market growth is driven by rising automotive production, demand for lightweight and fuel-efficient vehicles, and advancements in high-performance elastomer technologies.

Recent Key Developments of United States:

✅ December 2025: Adoption of ultra-low-VOC elastomers accelerated for interior parts, aligning with stricter cabin-air standards and supporting fuel-efficient vehicle trends.

✅ November 2025: Major U.S. manufacturers increased R&D investments in performance elastomers for hybrid vehicles, focusing on seals, gaskets, and hoses to meet rising production demands.

✅ October 2025: Domestic production of automotive elastomers stabilized despite winter weather disruptions earlier in the year, driven by innovations in electric vehicle components requiring lightweight and durable materials.

Recent Key Developments of Japan:

✅ December 2025: Research efforts intensified on eco-friendly, high-performance elastomers, with thermoset types leading due to their dominance in vehicle applications.

✅ November 2025: JATMA forecasted a 2% rise in tire demand for 2025, boosting elastomer needs in new car and aftermarket tires amid EV production growth.

✅ October 2025: Nagoya University, collaborating with Aisin Chemical, advanced structural adhesives using styrenic thermoplastic elastomers for flexible, impact-resistant automotive applications.

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)
Avient Corp.

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This Report Covers:

✔ Go-to-market Strategy.

✔ Neutral perspective on the market performance.

✔Development trends, competitive landscape analysis, supply side analysis, demand side analysis, year-on-year growth, competitive benchmarking, vendor identification, and other significant analysis, as well as development status.

✔Customized regional/country reports as per request and country level analysis.

✔ Potential & niche segments and regions exhibiting promising growth covered.

✔ Analysis of Market Size (historical and forecast), Total Addressable Market (TAM), Serviceable Available Market (SAM), Serviceable Obtainable Market (SOM), Market Growth, Technological Trends, Market Share, Market Dynamics, Competitive Landscape and Major Players (Innovators, Start-ups, Laggard, and Pioneer).

Segments Covered in the Automotive Elastomers Market:

By Type: Thermoset Elastomers, Thermoplastic Elastomers.

By Vehicle: Passenger Cars, Light Commercial Vehicles, Medium & Heavy Commercial Vehicles.

By Application: Tire, Non-Tire, Others.

Regional Analysis:

⇥ North America (U.S., Canada, Mexico)

⇥ Europe (U.K., Italy, Germany, Russia, France, Spain, The Netherlands and Rest of Europe)

⇥ Asia-Pacific (India, Japan, China, South Korea, Australia, Indonesia Rest of Asia Pacific)

⇥ South America (Colombia, Brazil, Argentina, Rest of South America)

⇥ Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of Middle East & Africa)

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Chapter Outline

⏩ Market Overview: It contains five chapters, as well as information about the research scope, major manufacturers covered, market segments, Automotive Elastomers market segments, study objectives, and years considered.

⏩ Market Landscape: The competition in the Global Automotive Elastomers Market is evaluated here in terms of value, turnover, revenues, and market share by organization, as well as market rate, competitive landscape, and recent developments, transaction, growth, sale, and market shares of top companies.

⏩ Companies Profiles: The Global Automotive Elastomers market's leading players are studied based on sales, main products, gross profit margin, revenue, price, and growth production.

⏩ Market Outlook by Region: The report goes through gross margin, sales, income, supply, market share, CAGR, and market size by region in this segment. North America, Europe, Asia Pacific, Middle East & Africa, and South America are among the regions and countries studied in depth in this study.

⏩ Market Segments: It contains the deep research study which interprets how different end-user/application/type segments contribute to the Automotive Elastomers Market.

⏩ Market Forecast: Production Side: In this part of the report, the authors have focused on production and production value forecast, key producers forecast, and production and production value forecast by type.

⏩ Research Findings: This section of the report showcases the findings and analysis of the report.

⏩ Conclusion: This portion of the report is the last section of the report where the conclusion of the research study is provided.

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