Global Elastomers Markets and Applications, 2022-2023 & Forecasts through to 2028 - Elastomer Products Replacing Conventional Material in a Variety of Applications

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Mar 18, 2024, 19:30 ET

DUBLIN, March 18, 2024 /PRNewswire/ -- The "Elastomers: Applications and Global Markets" report has been added to ResearchAndMarkets.com's offering.

The global elastomers market is expected to grow at a compound annual growth rate (CAGR) of 7.9% from 2023 through 2028 to reach $153.5 billion. The Asia-Pacific market was valued at $46.3 billion in 2022 and is expected to reach $77.6 billion by the end of 2028, growing at a CAGR of 9%.

The growth in North America and Europe will be slower, i.e., these regions will grow at CAGRs of 6.6% and 5.4%, respectively, from 2023 through 2028, reaching $29.7 billion and $23.3 billion, respectively. The rate of growth is expected to pick up in the coming years. The Asia-Pacific region, especially China, Vietnam, Indonesia, and India, should grow relatively faster throughout the next five years.

The key global companies in the global elastomers market are trying to create partnerships, joint ventures, and collaborations with small and medium elastomer companies. For instance, in April 2023, DuPont entered into a collaboration with Qosina. Through this collaboration, Qosina gained access to DuPont's Liveo Silicone Elastomer series, which is specifically used in the production of biopharmaceutical, pharmaceutical, and medical devices. Likewise, in November 2023, Covestro AG strengthened its partnership with China's Huafon. This partnership will help the company to increase its elastomer business in China.

Tires, hoses, gaskets, adhesives, tubes, belts, and coatings are among the applications for which the majority of elastomers are employed in the automobile sector. The performance of the automotive sector as a whole is closely correlated with the use of elastomers in that sector. Because of their belief in the potential growth of the automobile industry in developing countries like China, India, and Japan, automakers are dedicated to innovation.

This report contains comprehensive information about the elastomers industry and the users of elastomers. It also includes details about various types of elastomers, processes associated with elastomers, and end-use industries that rely on elastomers.

The global elastomers market is segmented into the following categories:

Type (thermosets, and thermoplastics).
Process (injection molding, extrusion, adhesive, coating).
End-use Industries (automotive, industrial, medical, consumer goods, building and construction).
Region: North America, Europe, Asia-Pacific (APAC) and the Rest of the World (RoW).

The Report Includes

119 data tables and 38 additional tables
An overview of the global market for elastomers
Analyses of global market trends, with data from 2022, estimates for 2023, forecast for 2027, and projections of compound annual growth rates (CAGRs) through 2028
Evaluation of the current market size and revenue growth prospects specific to elastomers, accompanied by a comprehensive market share analysis categorized by product type, process, end-user industry, and geographical region
A look at the innovations, technological advancements, and the launch of novel products from market players
Detailed analysis of the regulatory framework and policies and product pipeline of the industry, and discussion on ESG challenges and ESG practices in the elastomer industry
Market share analysis of the key companies of the industry and coverage of their proprietary technologies, strategic alliances, and other key market strategies and a relevant patent analysis
Company profiles of the leading players in the industry:
- Arkema
- BASF
- Covestro
- Dow
- Dupont
- Evonik Industries
- Huntsman International
- Kuraray
- Lanxess
- LG Chem

Key Topics Covered:

Chapter 1 Executive Summary

Chapter 2 Market Overview

Regulatory Bodies in the Global Elastomers Market
Factors Affecting Choice of Elastomer
Importance of the Elastomers

Chapter 3 Market Dynamics

Drivers
- Elastomer Products Replacing Conventional Material in a Variety of Applications
- Growing Research and Development Activities in Silicone Elastomers
Restraints
- Fluctuating Raw Material Prices
Opportunities
- Growth Opportunities in Asian Markets
- Opportunities for Sustainable Elastomer Products
Challenges
- High Initial Infrastructure Cost
- Environmental Regulations

Chapter 4 Emerging Technologies and Developments

Key Highlights
Trends
Development of New Thermosets and Thermoplastics Manufacturing Processes
Silicone Elastomers and their Applications

Chapter 5 Pricing Analysis

Chapter 6 Market Segmentation Analysis

Global Elastomers Markets by Type
- Thermosets
- Thermoplastics
Global Elastomers Markets by Process
- Injection Molding
- Extrusion
- Adhesive
- Coating
- Other Processes
Global Elastomers Markets by End-Use Industries
- Automotive
- Industrial
- Medical
- Consumer Goods
- Building and Construction
- Other Industries

Chapter 7 Competitive Intelligence

Industry Structure
Global Elastomers Market: Market Share
Patent Analysis
- Patent Analysis Based on Country of Origin
- Patent Analysis Based on Year
- Patent Analysis Based on Type
- Patent Analysis Based on Patents Filed by Different Applicants
M&A Analysis

Chapter 8 Sustainability in Global Elastomers Markets: An ESG Perspective

ESG Ratings and Metrics: Understanding the Data
ESG Practices in the Global Elastomers Markets
Current Status of ESG in the Global Elastomers Market
Risk Scale, Exposure Scale and Management Scale
Future of ESG: Emerging Trends and Opportunities
Elastomers Manufacturing Advancement

Company Profiles

Arkema
BASF
Covestro
Dow
Dupont
Evonik Industries
Huntsman International
Kuraray
Lanxess
LG Chem

For more information about this report visit https://www.researchandmarkets.com/r/vpl7a9

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