Global Automotive Elastomers Market was valued at US$ 2.4 Bn in 2019 and is expected to reach US$ XX Bn by 2026, at a CAGR of XX % during a forecast period.
Elastomer has low intermolecular strength, modulus of elasticity, and high stress of failure over other materials. It is used in the production of automotive components, which require extreme temperatures like hoses, insulators, seals, bushes, engine mounts, and gaskets
Global Automotive Elastomers Market Dynamics:
The Automotive industry is a major industrial and economic force across the globe. The Automotive Elastomers offer excellent properties like heat resistance, weathering and ozone resistance, flexibility, durability, aging resistance, variety and oil & gas resistance. It delivers superior properties over traditional rubber that is expected to drive the global automotive elastomers market. An increase in the vehicle production is expected to boost the market growth in the near future.
Elastomers are expected to witness high demand from the automotive industry because of the requirement for high-performance and lightweight materials in vehicle production. It offers high durability, strength, and pliability, which provide ideal material in a variety of applications in the automotive sector. On the other hand, high cost of the temperature elastomers is expected to limit the global automotive elastomers market growth. The report covers all the detailed analysis of the market dynamics by each region.
Global Automotive Elastomers Market by Application
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Global Automotive Elastomers Market Segment Analysis:
Automotive elastomers are extensively preferred for tire and non-tire applications. The tire segment is expected to contribute maximium share in the global automotive elastomers market because of the integration of the stringent environmental regulations concerning with the emission levels, vehicle design. Key players are focusing to design compact, lightweight, and more efficient vehicles, which also drive the automotive elastomers demand. The rapid expantion of automobile industry coupled with strict regulations concerning toxic emissions is creating key growth opportunities for the global automotive elastomers market. The automotive industry is undergoing a period of the technological changes. The demand for the automotive elastomers is expected to increase in the future. The trend towards the electric car requires the vehicles with the substantially less weight, which can be achieved by the light weight components.
Global Automotive Elastomers Market Regional Analysis:
The Asia Pacific region is projected to be leading region in the global automotive elastomers market. The total vehicle production is high total vehicle production because of the availability of raw materials and efficient labor. The Asia-Pacific region is one of the largest regional consumers for vehicles because of the presence of large-scale production of automobile. This trend is expected to continue in the near future. Many key players from different sector are focusing on the shifting their production unit to the Asia Pacific due to the availability of the cheap labor and drastically increasing economic growth rate and manufacturing industries
India is the world’s third-largest passenger-vehicle market and automotive trends disrupt the sector. The country is expected to grow at a XX% rate of CAGR in the near future. Presently, the automotive sector contributes more than XX% to India’s GDP. In the future, the macroeconomic and demographic trends are expected to shift pockets of growth in automotive market. In the Automotive Mission Plan 2026, the Indian government and automotive industry has set a target to triple industry revenues.
Global Automotive Elastomers Market by Regional
Global Automotive Elastomers Market Competitive Analysis:
Key players operating in the automotive elastomers market are gradually stepped up their investment in innovations and marketing across the globe, thanks to continuous focus on cost management, higher efficiency of process. The automotive sector is moving towards the surge in the demand for newer technologies. An industrialists and researchers are coming up with the latest manufacturing technologies to introduce the end users with the best and most innovative technology. Car makers across the globe are implementing various techniques which will reshape the landscape of the automotive sector.
The objective of the report is to present a comprehensive analysis of the Global Automotive Elastomers Market including all the stakeholders of the industry. The past and current status of the industry with forecasted market size and trends are presented in the report with the analysis of complicated data in a simple language.
The report covers all the aspects of the industry with a dedicated study of key players that include market leaders, followers and new entrants by region. PORTER, SVOR, PESTEL analysis with the potential impact of micro-economic factors by region on the market has been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analyzed, which will give a clear futuristic view of the industry to the decision-makers.
The report also helps in understanding the Global Automotive Elastomers Market dynamics, structure by analyzing the market segments and projects the Global Automotive Elastomers Market size. Clear representation of competitive analysis of key players by application, price, financial position, Product portfolio, growth strategies, and regional presence in the Global Automotive Elastomers Market make the report investor’s guide.
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Global Automotive Elastomers Market, by Type
• Thermoset Elastomer
• Natural Rubber (NR)
o Synthetic Rubber (SR)
o Styrene-Butadiene Rubber (SBR)
o Butyl Rubber (IIR)
o Poly Butadiene Rubber (BR)
o Neoprene Rubber / Polychloroprene Rubber (CR)
o Nitrile Butadiene Rubber (NBR)
o Acrylic Rubber (ACM)
o Ethylene Propylene Diene Monomer (EPDM)
o Polyisoprene Rubber (IR)
o Silicone (Q) Elastomers
o Fluoroelastomers
• Thermoplastic Elastomer (TEP)
o Styrene Block Copolymer (SBC)
o Thermoplastic Polyurethane (TPU)
o Thermoplastic Polyolefins (TPO)
o Thermoplastic Vulcanizates (TPV)
o Thermoplastic Polyester Elastomers (TPC)
o Polyether Block Amide (PEBA)
Global Automotive Elastomers Market, by Application
• Tire
• Non-Tire
o Interior
o Exterior
o Under the Hood
Global Automotive Elastomers Market, by Region
• North America
• Europe
• Asia Pacific
• Middle East & Africa
• South America
Global Automotive Elastomers Market Key Players
• Arlanxeo
• DOW
• Exxonmobil
• JSR Corporation
• Dupont
• BASF
• LG Cheam
• Sabic
• Teknor Apex
• Zeon Corporation
• Versalis
• Covestro
• Daikin
• Mitsubishi Chemicals
• Kraiburg TEP GmbH & Co. Kg
• Mitsui Chemicals
• DSM
• Shin-Etsu
• Solvay
• Sumitomo
• Kraton
• TSRC Corporation
• Wacker Chemie
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