Elastomers Market is expected to reach US$ 122.57 Bn. in 2029, with a CAGR of 4.01% for the period 2023-2029, because of rising demand from several end-use industries.
Elastomers Market Overview:
The purpose of this research is to offer an overview of the Elastomers industry as well as thorough market segmentation by segments and geographies. The study includes vital information on the market positions of the top Elastomers organizations, as well as major industry trends and possibilities.
The analysis also includes information on the top industry players in the Global Elastomers market, such as company biographies, product pictures and specifications, capacity, production, price, cost, revenue, and contact information. This study investigates market trends, volume, and value at the global, regional, and corporate levels. This research looks at the whole Elastomers Market Size from a global perspective, analyzing historical data and creating estimates.
Market Scope:
Following the completion of market engineering, which comprised market statistics computations, market size estimations, market forecasts, market breakdown, and data triangulation, thorough primary research was done to obtain information and verify and validate important numbers. To acquire market assessment and forecasts for the overall market segments and sub-segments presented in the Elastomers market study, both top-down and bottom-up methodologies, as well as many data triangulation methods, were frequently employed throughout the market engineering process. Extensive qualitative and quantitative analysis is performed on all facts obtained over the whole market engineering process in order to provide essential information throughout the report.
To validate the market size and estimate the market size by different segments, top-down and bottom-up methodologies are utilized. The research's market estimates are based on the sale price (excluding any discounts provided by the manufacturer, distributor, wholesaler, or traders). Weights applied to each section based on usage rate and average sale price are used to determine percentage splits, market shares, and segment breakdowns. The percentage adoption or usage of the provided market Size in the relevant area or nation is used to determine the country-wise splits of the overall market and its sub-segments.
Segmentation:
By Application
The automotive, consumer goods, medical, industrial, and others subsectors of the elastomers market. The automotive industry held the greatest market share for elastomers in 2022, and from 2022 to 2029, revenue is anticipated to increase at a CAGR of 4.6 percent. The automotive industry's demand for elastomers is driven by their exceptional physical properties, which include durability, impact resistance, low weight, elasticity, softness, and strength as well as superior optics, improved thermal resistance, thermal stability, adhesive properties, and increased vehicle safety. Applications for elastomer in the automotive industry include door handles, car gaskets, dashboards, rocker panels, seating fabrics, vibration damping pads, rear windows, bumpers, gear knobs, interiors, wipers, body seals, external filler panels, and tyres. The elastomer decreases friction because it is a lightweight material.
1. Global Elastomers Market, by Product Type (2022-2029)
• SBR (Styrene block copolymers)
• IIR (Butyl Elastomer)
• NBR (Nitrile Elastomer)
• ACM (Acrylic Elastomer)
• EPM (Ethylene-propylene Elastomer)
• PEBA (Thermoplastic polyether block amides)
• SBC (Styrene block copolymers)
• TPO (Thermoplastic Polyolefin)
• TPU (Thermoplastic Polyurethanes)
• TPV (Thermoplastic Vulcanizates)
2. Global Elastomers Market, by Application (2022-2029)
• Automotive
• Consumer Goods
• Medical
• Industrial
• Others
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Key Players:
Acquisitions, partnerships, and collaborations were among the inorganic growth strategies mentioned in the industry. Industry participants in the Elastomers market are expected to profit from strong future growth possibilities due to rising demand. The following are a few firms involved in the global Elastomers industry.
1. BASF SE
2. Dow
3. Covestro AG
4. KURARAY CO. LTD
5. Huntsman International LLC.
6. LG Chem. Ltd
7. Arkema, Inc
8. PolyOne Corporation
9. Du Pont de Nemours and Company
10.Stockwell Elastomerics, Inc.
11.Innovative Silicones
12.Universal Rubber Mfg NV
13.JSR Corporation
14.Zeon Corporation
15.Celanese Corporation
16.PJSC Nizhnekamskneftekhim
17.Wanhua Chemical Group Co., Ltd.
18.Lanxess AG
19.Others
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Regional Analysis:
The research also includes a comprehensive PESTLE analysis for each of the five areas, namely North America, Europe, Asia Pacific, the Middle East, Africa, and South America, after examining the political, economic, social, and technological variables influencing the Elastomers market in these regions.
COVID-19 Impact Analysis on Elastomers Market:
As a result of the COVID-19 outbreak, customer behavior has transformed throughout all sectors of society. Industries, on the other hand, will need to adjust their strategies to account for altering market supplies. This study gives an outline of the COVID-19's impact on the Elastomers market and will help you build your business in compliance with the new industry standards.
Key Questions Answered in the Elastomers Market Report are:
- What will be the Elastomers market's CAGR throughout the projected period?
- Which market category emerged as the market leader in the Elastomers industry?
- Who are the key players in the Elastomers market?
- How big will the Elastomers market be in 2027?
- Which firm had the biggest market share in the Elastomers industry?
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