Elastomers production is currently estimated to be 7.676 million tonnes in 2015 and is expected to reach 9.8 million tonnes by 2020 showing a compound annual growth rate of 5%

Reports And Markets Publish a New Market Research Report On –"Elastomers market - Segmented by Product type, Application and Geography - Trends and Forecasts (2017 - 2022)"

Access Full Report With Table Of Contents @ https://www.reportsandmarkets.com/reports/1086142-global-elastomers-market-segmented-by-product-forecasts-2017-2022

The global Elastomers Market has grown evidently during the past few years and is expected to grow at a healthy pace in the next five years, driven by cost effectiveness and adaptability of Elastomers in major end-user markets. China shared about 25% of the Elastomers demand in 2015. Consumption and revenue generation of Elastomers is seen to be high in APAC, followed by the North American region.

Global Elastomers production is currently estimated to be 7.676 million tonnes in 2015 and is expected to reach 9.8 million tonnes by 2020 showing a compound annual growth rate of 5%. The Asia/Pacific region will remain the largest market and will grow the fastest. Growing segments such as bio TPEs are emerging commercially and would be very effective due to cleanliness of the bio material and harmless wastage that they may leave, in future.

Elastomers are used in an increasing number of markets from Automobiles, Sports goods, electronics, Industrial products, Adhesives and a number of other segments.

Competitive scenario and market shares of the major players in the Market are discussed in detail. We have also profiled leading players of this industry with their recent developments and other strategic initiatives in the industry. These include : Kraton Polymer LLC (US), BASF SE (Germany), TSRC Corp (Taiwan), Huntsman Corporation (U.S.), The DOW Chemical Company (U.S), Arkema SA (France), Evonik Industries AG (Germany), Advanced Elastomer Systems (U.S.), Polyone Corporation (U.S.), Lyondellbasell Industries N.V. (The Netherlands), L.G. CHEM Ltd (South Korea), Teknor Apex Company (U.S.), EMS Group (U.S.), Yantai Wanhua Polyurethane Co. Ltd (China), Lubrizol Corporation (U.S.) and other market players.

Request For Sample Report @ https://www.reportsandmarkets.com/sample-request/1086142-global-elastomers-market-segmented-by-product-forecasts-2017-2022

Drivers

The study indicates that the growing demand from automotive industry is the main driver for the elastomers market. Also, advancement in Processing Industry and growing purchasing power in the developing economies are anticipated to boost the industry.

China is the most attractive market for Elastomers in the world and will be the principal driver for global Elastomers demand to 2020. Among the elastomers the thermoplastic elastomers are expected to show more growth relatively mainly due the diverse range of its applications and increasing R&D efforts.

Challenges

The industry is expected to face certain challenges such as fluctuation of crude oil prices, and product commoditization. Other major concern is the market saturation in applications for elastomers.

What the report contains

The report elucidates the situation of elastomers around the world and studies the markets of the elastomers product type which include Nitrile rubber (NBR), Ethylene Propylene (EPR), Fluorocarbon Elastomers (FKM), Styrenic block copolymers (TPS), Polyolefin blends (TPO), Elastomeric alloys (TPV), Thermoplastic polyurethanes (TPU) and others.

Lastly, the report is divided by geography - North Americas, Europe, the Asia-Pacific (APAC), South America and Middle-East & Africa (MEA); where-in the market share of each region is analyzed and estimates are provided for the next 6 years. The various applications of elastomers have been discussed in detail in addition to a comprehensive overview of the market.

Check Discount @ https://www.reportsandmarkets.com/check-discount/1086142-global-elastomers-market-segmented-by-product-forecasts-2017-2022

For more information or any query mail at sales@reportsandmarkets.com

About Reports And Markets

Reports And Markets is part of the Algoro Research Consultants Pvt. Ltd. and offers premium progressive statistical surveying, market research reports, analysis & forecast data for industries and governments around the globe.

Are you mastering your market? Do you know what the market potential is for your product, who the market players are and what the growth forecast is? We offer standard global, regional or country specific market research studies for almost every market you can imagine.

Contact Person

Sanjay Jain

Manager - Partner Relations & International Marketing

info@reportsandmarkets.com

Ph: +1-214-377-1121 (US), +44-020-3286-9338 (UK)

This release was published on openPR.