Press release
Automotive Elastomers Market is Anticipated to Post a Noteworthy CAGR Of 5.72% By the End of 2024
Automotive Elastomers
Elastomer refers to a type of polymer which inhibits the properties of elasticity. Elastomers deform when force is applied and return to their original shape after the removal of the force. It is composed of oxygen, hydrogen, carbon and silicon monomers. Rapid growth of automotive industry across the globe has fostered the growth of the elastomers in automotive sector. Automotive elastomers are used in the manufacturing of automobiles parts such as seals, hoses, insulators, engine mounts, gaskets and other parts. Factors such as high flexibility and desired customization and rising demand for lightweight automotive vehicles are driving the growth of the thermoplastic automotive elastomers segment. However, synthetic elastomers segment is anticipated to grow at a highest pace in overall automotive elastomers market. This can be attributed to the development of specialty grades synthetic elastomers by various major manufacturers.
Global automotive elastomers market is expected to flourish at a significant CAGR of 5.72% during the forecast period. Moreover, the global automotive elastomers market is expected to garner USD 9.2 Billion by the end of 2024. Asia-Pacific captures the largest market share in the global automotive elastomers and is likely to showcase a lucrative growth over the forecast period. Spiked growth of automotive industry in the region is likely to garner the growth of automotive elastomers market. Asian countries such as China, Japan and others have the potential to be the key suppliers of automotive elastomers in the near future. Moreover, China and India are anticipated to hold the largest market share in the automotive elastomers on the account of largest vehicle production countries in the Asia-Pacific region.
Europe region is anticipated to showcase modest growth in the next few years. This can be attributed to various factors such as strict emission regulation and rising adoption of low weight vehicles. Apart from this, well established automotive industry in the Europe region is envisioned to bolster the growth of automotive elastomers market in the region. Further, rising disposable income coupled with increasing living standard is expected to accelerate the growth of automotive market in the upcoming years. North America and Europe automotive elastomer market is anticipated to witness robust growth during the forecast period. Stringent emission and fuel efficiency regulations are resulting in substantial demand for lightweight automotive manufacturing products such as elastomers. Moreover, North America region is likely to provide a significant boost to the market of automotive elastomers market. This is primarily due to increased demand for lightweight and fuel-efficient automotive. Further, automotive elastomers market in the North America region is anticipated to showcase an expansion on the account of strict emission rules.
Request Free Sample Report @ https://www.researchnester.com/sample-request/2/rep-id-311
Robust Growth of Automotive Industry
The automotive elastomers market in Middle East region is projected to grow owing to the rising presence of automotive companies. Further, rising disposable income of the population along with higher purchase of automobiles is expected to drive the automotive elastomer market in the Middle East region. Moreover, high emphasis on utilization of lightweight materials is expected to accelerate the growth of automotive elastomers market during the forecast period.
Stringent Government Regulations
Government regulatory bodies are focused toward creating awareness among consumers regarding the carbon emission generated from automotive. For instance, the government bodies based in Europe provide incentives such as tax reduction or exemption for electric vehicles. Further, these tax rates play an important role for the demand of product.
Although, volatility in the price of raw materials is likely to dampen the growth of automotive elastomers market during the forecast period.
The report titled “Automotive Elastomers Market: Global Demand Analysis & Opportunity Outlook 2024” delivers detailed overview of the global automotive elastomers market in terms of market segmentation by type, by application and by region.
Request Table Of Content @ https://www.researchnester.com/toc-request/1/rep-id-311
Further, for the in-depth analysis, the report encompasses the industry growth drivers, restraints, supply and demand risk, market attractiveness, BPS analysis and Porter’s five force model.
This report also provides the existing competitive scenario of some of the key players of the global automotive elastomers market which includes company profiling of Huntsman International LLC, The Dow Chemical Company, LANXESS, BASF SE, Exxon Mobil Corporation, E. I. du Pont de Nemours and Company, Motherson Automotive Elastomer Technology, Covestro AG, Kuraray Elastomer Division (division of Kuraray Co., Ltd.) and Continental AG. The profiling enfolds key information of the companies which encompasses business overview, products and services, key financials and recent news and developments. On the whole, the report depicts detailed overview of the global automotive elastomers market that will help industry consultants, equipment manufacturers, existing players searching for expansion opportunities, new players searching possibilities and other stakeholders to align their market centric strategies according to the ongoing and expected trends in the future.
To Know More About This Report @ https://www.researchnester.com/reports/automotive-elastomers-market-global-demand-analysis-opportunity-outlook-2024/311
About Us:-
Research Nester is a leading service provider for strategic market research and consulting. We aim to provide unbiased, unparalleled market insights and industry analysis to help industries, conglomerates and executives to take wise decisions for their future marketing strategy, expansion and investment etc. We believe every business can expand to its new horizon, provided a right guidance at a right time is available through strategic minds. Our out of box thinking helps our clients to take wise decision so as to avoid future uncertainties.
Contact for more Info:
Ajay Daniel
Email: ajay.daniel@researchnester.com
U.S. Phone: +1 646 586 9123
U.K. Phone: +44 203 608 5919
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 is Anticipated to Post a Noteworthy CAGR Of 5.72% By the End of 2024 here
News-ID: 922666 • Views: …
More Releases from Research Nester Pvt Ltd
Vegan Food Market: Size is Expected to Surpass USD 91.83 billion by 2035
Research Nester, the global vegan food market size is predicted to expand at a CAGR of 11.8% between 2026 and 2035, on account of the rising awareness of people about fitness globally.
Request Free Sample Report @ https://www.researchnester.com/sample-request-6172
The Increasing Demand for Vegan Food Globally Will Increase the Global Market Share of Vegan Food Market
By the end of 2035, the vegan food sector will have grown significantly and appear extremely promising. Several…
U.S. Cogeneration Equipment Market Forecast to Exhibit Robust Growth During 2026 …
The U.S. cogeneration equipment market is poised for robust advancement throughout the forecast period from 2026 to 2035, driven primarily by the nation's growing focus on energy efficiency and decarbonization. Increasing regulatory emphasis on sustainable energy use, coupled with corporate commitments to reduce carbon footprints, is stimulating widespread adoption of combined heat and power (CHP) systems across industrial, commercial, and institutional sectors. The integration of cogeneration technologies aligns with the…
U.S. Coal Gasification Market Size is Expected to Witness Accelerated Expansion …
The U.S. coal gasification market is expected to witness robust expansion during the forecast period from 2026 to 2035, driven primarily by the nation's push toward cleaner energy conversion technologies and carbon utilization strategies. The growing emphasis on decarbonizing heavy industries and enhancing domestic energy security has positioned coal gasification as a pivotal pathway for transforming coal into cleaner synthesis gas, hydrogen, and chemical feedstocks. Advancements in carbon capture and…
U.S. Nuclear Fusion Market Size is Projected to Record Sustained Growth Through …
The U.S. nuclear fusion market is expected to experience strong growth throughout the forecast period from 2026 to 2035, driven primarily by technological breakthroughs in plasma confinement and increasing public-private investment in next-generation energy systems. As the country accelerates its transition toward low-carbon and sustainable power solutions, fusion energy has emerged as a promising alternative to traditional nuclear fission. Innovations in superconducting magnets, laser systems, and artificial intelligence-driven plasma control…
More Releases for Elastomer
Evolving Market Trends In The Thermoplastic Elastomer Industry: Innovative Therm …
The Thermoplastic Elastomer 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 Expected Thermoplastic Elastomer Market Size During the Forecast Period?
In the previous years, the thermoplastic elastomer market size has seen substantial growth. It is projected to expand from $28.67 billion in 2024…
Thermoplastic Elastomer Market Size And Forecast
𝐔𝐒𝐀, 𝐍𝐞𝐰 𝐉𝐞𝐫𝐬𝐞𝐲- Thermoplastic Elastomer Market size was valued at USD 26.70 Billion in 2021 and is projected to reach USD 41.78 Billion by 2030, growing at a CAGR of 5.1% from 2023 to 2030.
The thermoplastic elastomer (TPE) market has witnessed significant growth in recent years due to its versatility and the increasing demand for eco-friendly, high-performance materials across a wide range of industries. TPEs combine the elasticity of rubber…
Elastomer Mounts Market 2021 | Detailed Report
Global Elastomer Mounts Market 2021-2027, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects in the coming years. The report includes a discussion of the key vendors operating in this market. An exclusive data offered in this report is collected by research and industry experts team.
Get Free Sample PDF (including full TOC, Tables and Figures)…
Polyurethane Elastomer Market Insights, Forecast to 2025
Abstract
This report researches the worldwide Polyurethane Elastomer market size (value, capacity, production and consumption) in key regions like United States, Europe, Asia Pacific (China, Japan) and other regions.This study categorizes the global Polyurethane Elastomer breakdown data by manufacturers, region, type and application, also analyzes the market status, market share, growth rate, future trends, market drivers, opportunities and challenges, risks and entry barriers, sales channels, distributors and Porter’s Five Forces Analysis.
Polyurethane…
Spray Polyurea Elastomer Market -Analysis by Application 2025| Spray Polyurea El …
Global Spray Polyurea Elastomer Market: Overview
The global spray polyurea elastomer market is treading a growth path on the back of protective properties of spray polyurea elastomers. Spray polyurea elastomers offer higher anti-corrosion and abrasion protection than what is offered by regular protection systems such as paints and rubber linings. Spray polyurea elastomers are resilient as against chemically aggressive fluids that seek and exploit vulnerabilities in paint and rubber linings.
Request Sample…
Global Conductive Elastomer Gasket Market Research Report
Global Conductive Elastomer Gasket Market Research Report is a deep market research report in this market.
This report focused on global and regional market, major manufacturers, as well as the segment market details on different classifications and applications.
Get Sample Copy from here @ https://goo.gl/k8V81N
First, this report analyzed the basic scope of this industry like definition, specification, classification, application, industry policy and news in Chapter 1.
Second, the analysis on industry chain…
