
Elastomers Market Size, Trends, Analysis, and Outlook By Type (SBR (Styrene block copolymers), IIR (Butyl Elastomer), NBR (Nitrile Elastomer), ACM (Acrylic Elastomer), EPM (Ethylene-propylene Elastomer), PEBA (Thermoplastic polyether block amides), SBC (S
Description
Elastomers Market Size, Trends, Analysis, and Outlook By Type (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)), By Application (Automotive, Consumer Goods, Medical, Industrial, Others), by Country, Segment, and Companies, 2024-2032
The Elastomers Market is forecast to reach USD 152.2 Billion in 2032, registering a growth rate of 4.68% from current market size of USD 105.5 Billion in 2024. The Elastomers market is expanding due to the increasing demand for flexible and durable materials in automotive, construction, and consumer goods industries. Elastomers offer excellent elasticity, durability, and environmental resistance. Technological advancements in elastomer formulations and production processes enhance performance and sustainability. The trend towards lightweight and high-performance materials supports market growth, aligning with regulatory requirements and consumer preferences. Innovations in elastomer technologies further drive demand in various sectors. The Elastomers market is expanding due to the increasing demand for flexible and durable materials in automotive, construction, and consumer goods industries. Elastomers offer excellent elasticity, durability, and environmental resistance. Technological advancements in elastomer formulations and production processes enhance performance and sustainability. The trend towards lightweight and high-performance materials supports market growth, aligning with regulatory requirements and consumer preferences. Innovations in elastomer technologies further drive demand in various sectors.
Elastomers Market Drivers, Trends, Opportunities, and Growth Opportunities
This comprehensive study delves into the latest trends and pressing challenges for industry players and investors. The Elastomers market research analyzes global market trends, key drivers, challenges, and opportunities. The "Future of Elastomers" survey report provides a market size outlook across types, applications, and other segments worldwide and by region. It offers data-driven insights and actionable recommendations for companies in the Elastomers industry.
Key market trends defining the global Elastomers demand in 2024 and Beyond
The industry remains an attractive hub for opportunities for both domestic and global vendors. As the market evolves, factors such as emerging market dynamics, demand from end-user sectors, a growing patient base, changes in consumption patterns, and widening distribution channels continue to play major roles.
Elastomers Market Segmentation- Industry Share, Market Size, and Outlook to 2032
The Elastomers industry comprises a wide range of segments and sub-segments. Rising demand for these product types and applications supports increased investments in niche segments. Leading companies plan to generate a large share of their future revenue growth from expanding into these niche segments. The report presents a market size outlook across segments, supporting Elastomers companies scaling up production in these sub-segments with a focus on emerging countries.
Key strategies adopted by companies within the Elastomers industry
Leading Elastomers companies are boosting investments to capitalize on untapped potential and future possibilities across niche market segments and surging demand conditions in key regions. Additionally, companies leverage advanced technologies to unlock opportunities and achieve operational excellence. The report details the key strategies adopted by the top 10 Elastomers companies.
Elastomers Market Study- Strategic Analysis Review
The Elastomers market research report dives deep into qualitative factors shaping the market, empowering you to make informed decisions. This includes:
- Industry Dynamics: Porter's Five Forces analysis to understand bargaining power, competitive rivalry, and threats that impact long-term strategy formulation.
- Strategic Insights: Provides valuable perspectives on key players and their approaches based on comprehensive strategy analysis.
- Internal Strengths and Weaknesses: Develop targeted strategies to leverage strengths, address weaknesses, and capitalize on market opportunities.
- Future Possibilities: Prepare for diverse outcomes with in-depth scenario analysis. Explore potential market disruptions, technology advancements, and economic changes.
The Elastomers industry report provides a detailed analysis and outlook of revenue generated by companies from 2018 to 2023. With actual data for 2023, the report forecasts the market size outlook from 2024 to 2032 in three scenarios: low case, reference case, and high case.
Elastomers Country Analysis and Revenue Outlook to 2032
The report analyzes 22 countries worldwide, including key driving forces and market size outlook from 2021 to 2032. Additionally, it includes region analysis across Asia Pacific, Europe, the Middle East, Africa, North America, and South America. For each region, the market size outlook by segments is forecast for 2032.
North America Elastomers Market Size Outlook- Companies plan for focused investments in a changing environment
The US remains the market leader in North America, driven by a large consumer base, well-established providers, and strong infrastructure. Leading companies focus on new product launches in a changing environment. The US GDP is expected to grow from $28,781.1 Billion in 2024 to $36,621 Billion in 2030, driving demand for various Elastomers market segments. Similarly, strong market demand encourages Canadian Elastomers companies to invest in niche segments. Mexico's investment in technological advancements positions it for significant market expansion.
Europe Elastomers Market Size Outlook-Companies investing in assessing consumers, categories, competitors, and capabilities
The German industry remains the major market for companies in the European Elastomers industry with consumers in Germany, France, the UK, Spain, Italy, and others anticipated to register a steady demand throughout the forecast period, driving the overall market prospects. In addition, the proactive approach of vendors in identifying and leveraging new growth prospects positions the European Elastomers market for an upward trajectory, fostering both domestic and international interest. Leading brands operating in the industry are emphasizing effective marketing strategies, innovative product offerings, and a keen understanding of consumer preferences.
Asia Pacific Elastomers Market Size Outlook- an attractive hub for opportunities for both local and global companies
The increasing prevalence of indications, robust consumption expenditure, and increasing investments in infrastructure drive the demand for Elastomers in Asia Pacific. In particular, China, India, and South East Asian Elastomers markets present a compelling outlook for 2032, attracting both domestic and multinational vendors seeking growth opportunities. Similarly, with a burgeoning population and a rising middle class, India offers a vast consumer market. Japanese and Korean companies are quickly aligning their strategies to navigate market changes, explore new markets, and enhance their competitive edge. Our report utilizes in-depth interviews with industry experts and comprehensive data analysis to provide a comprehensive outlook of 6 major countries in the APAC region.
Latin America Elastomers Market Size Outlook- Continued urbanization and rising income levels
Rising income levels contribute to greater purchasing power among consumers, spurring consumption and creating opportunities for market expansion. Continued urbanization and rising income levels are expected to sustainably drive consumption growth in the medium to long term.
Middle East and Africa Elastomers Market Size Outlook- continues its upward trajectory across segments
Robust demand from Middle Eastern countries including Saudi Arabia, the UAE, Qatar, Kuwait, and other GCC countries supports the overall Middle East Elastomers market potential. Fueled by increasing consumption expenditure of individuals, growing population, and high prevalence across a few markets drives the demand for Elastomers.
Elastomers Market Company Profiles
The global Elastomers market is characterized by intense competitive conditions with leading companies opting for aggressive marketing to gain market shares. The report presents business descriptions, SWOT analysis, growth strategies, and financial profiles. Leading companies included in the study are Ace Elastomer, Arkema S.A., Avient Corp, BASF SE, Covestro AG, DingZing Advanced Materials Inc, Dow Inc, ExxonMobil Corp, HEXPOL AB, Huntsman International LLC, KURARAY CO. Ltd, Miracll Chemicals Co. Ltd, Sirmax S.p.A, Suzhou Austin Novel Materials Technology Co. Ltd, The Lubrizol Corp, Trinseo
Recent Elastomers Market Developments
The global Elastomers market study presents recent market news and developments including new product launches, mergers, acquisitions, expansions, product approvals, and other updates in the industry.
Elastomers Market Report Scope
Parameters: Revenue, Volume Price
Study Period: 2023 (Base Year); 2018- 2023 (Historic Period); 2024- 2032 (Forecast Period)
Currency: USD; (Upon request, can be provided in Euro, JPY, GBP, and other Local Currency)
Qualitative Analysis
- Pricing Analysis
- Value Chain Analysis
- SWOT Profile
- Market Dynamics- Trends, Drivers, Challenges
- Porter’s Five Forces Analysis
- Macroeconomic Impact Analysis
- Case Scenarios- Low, Base, High
By Type
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)
By Application
Automotive
Consumer Goods
Medical
Industrial
Others
Geographical Segmentation:
- North America (3 markets)
- Europe (6 markets)
- Asia Pacific (6 markets)
- Latin America (3 markets)
- Middle East Africa (5 markets)
Ace Elastomer
Arkema S.A.
Avient Corp
BASF SE
Covestro AG
DingZing Advanced Materials Inc
Dow Inc
ExxonMobil Corp
HEXPOL AB
Huntsman International LLC
KURARAY CO. Ltd
Miracll Chemicals Co. Ltd
Sirmax S.p.A
Suzhou Austin Novel Materials Technology Co. Ltd
The Lubrizol Corp
Trinseo
Formats Available: Excel, PDF, and PPT
Table of Contents
180 Pages
- Chapter 1: Executive Summary
- 1.1 Study Scope
- 1.2 Market Definition
- 1.3 Report Guide
- 1.3.1 Country Coverage
- 1.3.2 Companies Profiled
- 1.3.3 Study Period: 2018 to 2023 and 2024 to 2032
- 1.3.4 Units
- 1.4 Abbreviations
- Chapter 2. Elastomers Market Overview- H2 2024
- 2.1 An Introduction to the Global Elastomers Markets
- 2.2 Key Statistics
- 2.3 Region Benchmarking, 2024
- 2.4 Country Positioning Matrix, 2024
- Chapter 3. Strategic Analysis Review
- 3.1 Elastomers Industry Stakeholders
- 3.2 Value Chain Analysis
- 3.3 Porter’s Five Forces Analysis
- 3.4 SWOT Profile
- 3.5 Recent Market Developments
- Chapter 4. Impact Analysis and Scenario Forecasts
- 4.1 Russia-Ukraine Conflict Analysis
- 4.2 COVID-19: Post Pandemic Recovery Analysis
- 4.3 US Inflation and Sluggish Growth in China
- 4.4 Focus on Sustainability
- 4.5 Low Growth Case Scenario: Global Elastomers Market Outlook to 2032
- 4.6 Reference Case Scenario: Global Elastomers Market Outlook to 2032
- 4.7 High Growth Case Scenario: Global Elastomers Market Outlook to 2032
- Chapter 5: Elastomers Market Dynamics
- 5.1 Key Elastomers Market Trends
- 5.2 Potential Elastomers Market Opportunities
- 5.3 Key Market Challenges
- Chapter 6: Global Elastomers Market Analysis and Outlook to 2032
- 6.1 Global Market Outlook by Segments, 2021 to 2032
- 6.2 By Type
- 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)
- By Application
- Automotive
- Consumer Goods
- Medical
- Industrial
- Others
- 6.3 Global Market Outlook by Region, 2021 to 2032
- Chapter 7: North America Elastomers Market Analysis and Outlook to 2032
- 7.1 North America Market Outlook by Segments, 2021- 2032
- 7.2 By Type
- 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)
- By Application
- Automotive
- Consumer Goods
- Medical
- Industrial
- Others
- 7.3 North America Market Outlook by Country, 2021- 2032
- 7.3.1 United States Elastomers Market Size Forecast, 2021- 2032
- 7.3.2 Canada Elastomers Market Size Forecast, 2021- 2032
- 7.3.3 Mexico Elastomers Market Size Forecast, 2021- 2032
- Chapter 8: Europe Elastomers Market Analysis and Outlook to 2032
- 8.1 Europe Market Outlook by Segments, 2021- 2032
- 8.2 By Type
- 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)
- By Application
- Automotive
- Consumer Goods
- Medical
- Industrial
- Others
- 8.3 Europe Market Outlook by Country, 2021- 2032
- 8.3.1 Germany Elastomers Market Size Forecast, 2021- 2032
- 8.3.2 France Elastomers Market Size Forecast, 2021- 2032
- 8.3.3 United Kingdom Elastomers Market Size Forecast, 2021- 2032
- 8.3.4 Spain Elastomers Market Size Forecast, 2021- 2032
- 8.3.5 Italy Elastomers Market Size Forecast, 2021- 2032
- 8.3.6 Russia Elastomers Market Size Forecast, 2021- 2032
- 8.3.7 Rest of Europe Elastomers Market Size Forecast, 2021- 2032
- Chapter 9: Asia Pacific Elastomers Market Analysis and Outlook to 2032
- 9.1 Asia Pacific Market Outlook by Segments, 2021- 2032
- 9.2 By Type
- 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)
- By Application
- Automotive
- Consumer Goods
- Medical
- Industrial
- Others
- 9.3 Asia Pacific Market Outlook by Country, 2021- 2032
- 9.3.1 China Elastomers Market Size Forecast, 2021- 2032
- 9.3.2 India Elastomers Market Size Forecast, 2021- 2032
- 9.3.3 Japan Elastomers Market Size Forecast, 2021- 2032
- 9.3.4 South Korea Elastomers Market Size Forecast, 2021- 2032
- 9.3.5 Australia Elastomers Market Size Forecast, 2021- 2032
- 9.3.6 South East Asia Elastomers Market Size Forecast, 2021- 2032
- 9.3.7 Rest of Asia Pacific Elastomers Market Size Forecast, 2021- 2032
- Chapter 10: South America Elastomers Market Analysis and Outlook to 2032
- 10.1 South America Market Outlook by Segments, 2021- 2032
- 10.2 By Type
- 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)
- By Application
- Automotive
- Consumer Goods
- Medical
- Industrial
- Others
- 10.3 South America Market Outlook by Country, 2021- 2032
- 10.3.1 Brazil Elastomers Market Size Forecast, 2021- 2032
- 10.3.2 Argentina Elastomers Market Size Forecast, 2021- 2032
- 10.3.3 Rest of South America Elastomers Market Size Forecast, 2021- 2032
- Chapter 11: Middle East and Africa Elastomers Market Analysis and Outlook to 2032
- 11.1 Middle East and Africa Market Outlook by Segments, 2021- 2032
- 11.2 By Type
- 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)
- By Application
- Automotive
- Consumer Goods
- Medical
- Industrial
- Others
- 11.3 Middle East and Africa Market Outlook by Country, 2021- 2032
- 11.3.1 Saudi Arabia Elastomers Market Size Forecast, 2021- 2032
- 11.3.2 The UAE Elastomers Market Size Forecast, 2021- 2032
- 11.3.3 Rest of Middle East Elastomers Market Size Forecast, 2021- 2032
- 11.3.4 South Africa Elastomers Market Size Forecast, 2021- 2032
- 11.3.4 Rest of Africa Elastomers Market Size Forecast, 2021- 2032
- Chapter 12: Competitive Landscape
- 12.1 Competitive Analysis- Product Profile, SWOT, Financial Profiles
- 12.2 Key Companies Profiled in the Study
- 12.3 Ace Elastomer
- Arkema S.A.
- Avient Corp
- BASF SE
- Covestro AG
- DingZing Advanced Materials Inc
- Dow Inc
- ExxonMobil Corp
- HEXPOL AB
- Huntsman International LLC
- KURARAY CO. Ltd
- Miracll Chemicals Co. Ltd
- Sirmax S.p.A
- Suzhou Austin Novel Materials Technology Co. Ltd
- The Lubrizol Corp
- Trinseo
- Chapter 13: Sources and Research Methodology
- 13.1 Primary and Secondary Sources
- 13.2 Research Methodology
- 13.3 Data Triangulation and Validation
- 13.4 Assumptions and Limitations
- 13.5 Forecast Methodology
- Appendix
- A: Highlights of the H2-2024 Version (10th in the Series)
- B: Conclusion and Future Recommendations
- C: Customization Options
- D: Contact Information
- List of Figures
- Figure 1: Country Analysis: Largest Market Share (%)- 2023 vs. 2032
- Figure 2: GDP (Current Prices) Outlook by Country, 2010- 2032
- Figure 3: Population Outlook by Country, 2010- 2032
- Figure 4: Inflation Outlook by Country (%), 2024- 2032
- Figure 5: Global Elastomers Market Outlook by Type, 2021- 2032
- Figure 6: Global Elastomers Market Outlook by Application, 2021- 2032
- Figure 7: Global Elastomers Market Outlook by Region, 2021- 2032
- Figure 8: North America Elastomers Market Snapshot, H2-2024
- Figure 9: North America Elastomers Market Size Forecast by Type, 2021- 2032
- Figure 10: North America Elastomers Market Size Forecast by Application, 2021- 2032
- Figure 11: North America Elastomers Market Share by Country, 2023
- Figure 12: Europe Elastomers Market Snapshot, H2-2024
- Figure 13: Europe Elastomers Market Size Forecast by Type, 2021- 2032
- Figure 14: Europe Elastomers Market Size Forecast by Application, 2021- 2032
- Figure 15: Europe Elastomers Market Share by Country, 2023
- Figure 16: Asia Pacific Elastomers Market Snapshot, H2-2024
- Figure 17: Asia Pacific Elastomers Market Size Forecast by Type, 2021- 2032
- Figure 18: Asia Pacific Elastomers Market Size Forecast by Application, 2021- 2032
- Figure 19: Asia Pacific Elastomers Market Share by Country, 2023
- Figure 20: South America Elastomers Market Snapshot, H2-2024
- Figure 21: South America Elastomers Market Size Forecast by Type, 2021- 2032
- Figure 22: South America Elastomers Market Size Forecast by Application, 2021- 2032
- Figure 23: South America Elastomers Market Share by Country, 2023
- Figure 24: Middle East and Africa Elastomers Market Snapshot, H2-2024
- Figure 25: Middle East and Africa Elastomers Market Size Forecast by Type, 2021- 2032
- Figure 26: Middle East and Africa Elastomers Market Size Forecast by Application, 2021- 2032
- Figure 27: Middle East and Africa Elastomers Market Share by Country, 2023
- Figure 28: United States Elastomers Market Size Outlook, $ Million, 2021- 2032
- Figure 29: Canada Elastomers Market Size Outlook, $ Million, 2021- 2032
- Figure 30: Mexico Elastomers Market Size Outlook, $ Million, 2021- 2032
- Figure 31: Germany Elastomers Market Size Outlook, $ Million, 2021- 2032
- Figure 32: France Elastomers Market Size Outlook, $ Million, 2021- 2032
- Figure 33: United Kingdom Elastomers Market Size Outlook, $ Million, 2021- 2032
- Figure 34: Spain Elastomers Market Size Outlook, $ Million, 2021- 2032
- Figure 35: Italy Elastomers Market Size Outlook, $ Million, 2021- 2032
- Figure 36: Russia Elastomers Market Size Outlook, $ Million, 2021- 2032
- Figure 37: Rest of Europe Elastomers Market Size Outlook, $ Million, 2021- 2032
- Figure 38: China Elastomers Market Size Outlook, $ Million, 2021- 2032
- Figure 39: India Elastomers Market Size Outlook, $ Million, 2021- 2032
- Figure 40: Japan Elastomers Market Size Outlook, $ Million, 2021- 2032
- Figure 41: South Korea Elastomers Market Size Outlook, $ Million, 2021- 2032
- Figure 42: Australia Elastomers Market Size Outlook, $ Million, 2021- 2032
- Figure 43: South East Asia Elastomers Market Size Outlook, $ Million, 2021- 2032
- Figure 44: Rest of APAC Elastomers Market Size Outlook, $ Million, 2021- 2032
- Figure 45: Brazil Elastomers Market Size Outlook, $ Million, 2021- 2032
- Figure 46: Argentina Elastomers Market Size Outlook, $ Million, 2021- 2032
- Figure 47: Rest of LATAM Elastomers Market Size Outlook, $ Million, 2021- 2032
- Figure 48: Saudi Arabia Elastomers Market Size Outlook, $ Million, 2021- 2032
- Figure 49: UAE Elastomers Market Size Outlook, $ Million, 2021- 2032
- Figure 50: South Africa Elastomers Market Size Outlook, $ Million, 2021- 2032
- Figure 51: Research Methodology
- Figure 52: Forecast Methodology
- List of Tables
- Table 1: Market Scope and Segmentation
- Table 2: Global Elastomers Market Size Outlook, $Million, 2021 to 2032
- Table 3: Low Case Scenario Forecasts
- Table 4: Reference Case Scenario Forecasts
- Table 5: High Growth Scenario Forecasts
- Table 6: Global Elastomers Market Size Outlook by Segments, 2021- 2032
- Table 7: Global Elastomers Market Size Outlook by Region, 2021- 2032
- Table 8: Country Mapping, 2023 vs. 2032
- Table 9: North America- Elastomers Market Outlook by Type, 2021- 2032
- Table 10: North America- Elastomers Market Outlook by Country, 2021- 2032
- Table 11: Europe - Elastomers Market Outlook by Type, 2021- 2032
- Table 12: Europe - Elastomers Market Outlook by Country, 2021- 2032
- Table 13: Asia Pacific - Elastomers Market Outlook by Type, 2021- 2032
- Table 14: Asia Pacific - Elastomers Market Outlook by Country, 2021- 2032
- Table 15: South America- Elastomers Market Outlook by Type, 2021- 2032
- Table 16: South America- Elastomers Market Outlook by Country, 2021- 2032
- Table 17: Middle East and Africa - Elastomers Market Outlook by Type, 2021- 2032
- Table 18: Middle East and Africa - Elastomers Market Outlook by Country, 2021- 2032
- Table 19: Business Snapshots of Leading Elastomers Companies
- Table 20: Product Profiles of Leading Elastomers Companies
- Table 21: SWOT Profiles of Leading Elastomers Companies
Pricing
Currency Rates
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