Elastomers Market is expected to generate a revenue of USD 136.26 Billion by 2030, Globally, at 4% CAGR: Verified Market Research®

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Jan 30, 2023, 11:00 ET

The market report is a good combination of qualitative and quantitative data that highlights significant market changes, obstacles that business and the competition must overcome, as well as new possibilities and trends in the global Elastomers Market

JERSEY CITY, N.J., Jan. 30, 2023 /PRNewswire/ -- Verified Market Research® recently published a report, "Elastomers Market" By Type (Thermoplastic Elastomers, Thermoset Elastomers), By Application (Automotive, Consumer Goods, Medical), and By Geography.

As per the deep research carried out by Verified Market Research®, the global Elastomers Market size was valued at USD 95.74 Billion in 2021 and is projected to reach USD 136.26 Billion by 2030, growing at a CAGR of 4% from 2023 to 2030.

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Browse in-depth TOC on "Elastomers Market"

202 - Pages
126 – Tables
37 – Figures

Global Elastomers Market Overview

The elastomer is a kind of elastic chemical compound with viscoelasticity, additionally called amorphous polymers as a result of maintaining a glass transition temperature. Elastomers are thermosets, generally thermoplastic elastomers due to the long chemical compound chains. Building block bonds in these chains do not seem to be controlled powerfully in these materials that permit these polymers to react to megascopic stresses forming natural rubber. This natural rubber is extremely well-liked in the production of heating, ventilation, and air-conditioning (HVAC) systems.

Owing to the increasing demand for the assembly of lightweight and superior elements from the automotive business is driving the expansion of the market. The growing industry with the growing population and income of a private in rising economies is anticipated to propel the expansion of the market over the forecast period. However, unsteady elastomer costs and also high process prices are several factors that might affect the expansion of the market. Moreover, makers are financed in R&D of Bio-based materials with the growing application of elastomers in varied industries is probably going to produce profitable opportunities for the market to grow.

Verified Market Research® narrows down the available data using primary sources to validate the data and use it in compiling a full-fledged market research study. The report contains a quantitative and qualitative estimation of market elements that interests the client. The "Global Elastomers Market" is mainly bifurcated into sub-segments which can provide classified data regarding the latest trends in the market.

Key Players

The "Global Elastomers Market" study report will provide valuable insight with an emphasis on the global market. The major players in the market are Covestro AG, Kuraray Co., Ltd., The Dow Chemical Company, Lanxess AG, E. I. du Pont de Nemours and Company, JSR Corporation, BASF SE, Huntsman International LLC, Zeon Corporation, Wanhua Group.

Based on the research, Verified Market Research® has segmented the global Elastomers Market into Type, Application, and Geography.

Elastomers Market, by Type

Thermoplastic Elastomers
Thermoset Elastomers

Elastomers Market, by Application

Automotive
Consumer Goods
Medical
Industrial
Others

Elastomers Market, by Geography

North America

U.S
Canada
Mexico

Europe

Germany
France
U.K
Rest of Europe

Asia Pacific

China
Japan
India
Rest of Asia Pacific

ROW

Middle East & Africa
Latin America

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