Global Elastomers Market: Market Estimation, Dynamics, Trends, Competitor Analysis 2016-2021 and Forecast 2022-2028

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Elastomers Market: By Product (Thermoset Elastomers and Thermoplastic Elastomers), By End User (Automotive, Healthcare, Consumer Goods, Construction, Oil & Gas and Others) and Geography

 

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Report

Description

The Global Elastomers Market size was valued at USD 79.2 billion in 2021 and is expected to reach USD 109.9 billion by 2028, at a CAGR of 4.8% during the forecast period 2022 to 2028. Some of the key factors influencing the market growth include increasing demand from the automotive industry, growing population and per capita income levels, cost effectiveness and adaptability of thermoplastic elastomers in major end-user. However, fluctuating prices and availability of cheap products are hampering the market growth. The major challenge of the market is high production and maintenance cost of the product. Because of this issue, the elastomers market is facing a sluggish growth in the emerging nations. Moreover, the availability of cheaper products furthers restricts the market growth. This report studies global market dynamics elaborately to identify the current trends & drivers, future opportunities and possible challenges to the key stakeholders operating in the market. In addition, global elastomers market report includes human demographics; regulatory scenario, and competition analysis with vividly illustrated the competition dashboard to assess the market competition. Moreover, PBI analyzed global market to better equip clients with possible investment opportunities across the regions (regional Investment Hot-Spots) and market unmet needs (Product opportunities).

Key Development : 

In May 2021, Avient launched three proprietary, thermoplastic elastomer (TPE) formulations that contain antimicrobial additives to its GLS™ TPE portfolio. These additives protect molded plastic parts by inhibiting bacterial growth and resisting fungal and mold growth.

In December 2021, Pexco LLC, a leading North American specialty plastics extruder acquired Performance Elastomers Corporation (PEC) to expanding the silicone and thermoplastic elastomer products and broadening its capabilities

Elastomers Market

MARKET SUMMARY
-
4.8%
  • Study Period– 2022 – 2028
  • Base Year– 2021
  • CAGR– 4.8%
  • Largest Market– North-America
  • Fastest Growing Market– Asia-Pacific

Elastomers Market

  • The global Elastomers market report gives comprehensive outlook on elastomers across the globe with special emphasis on key regions such as North America, Europe, Asia Pacific, Latin America, and Middle East and Africa.
  • The report on global elastomers market gives historical, current, and future market sizes (US$ Mn) on the basis of product, end user and region.
  • Key stakeholders of the global elastomers market report include suppliers, manufacturers, marketers, policy makers, and healthcare service providers engaged in global elastomers products.
Key Players

 

  • BASF SE
  • Covestro
  • Huntsman Corp
  • JSR Corporation
  • Lanxess AG
Elastomers Market

DRIVERS AND RESTRAINTS

The automotive industry is the largest end-user for elastomers. Elastomers are primarily used for hoses and belts, gaskets, bellows. Implementation of elastomers reduces the vehicle weight considerably, which turns out to be an optimum step taken as it expands the fuel efficiency and reduces the carbon dioxide emissions. Rising adoption for hybrid and Electric Vehicles (EVs) is influencing the product demand in this application. High-performance elastomers are used in EVs for better fuel-efficiency and reduced carbon emissions. Elastomers have developed as the perfect substitute to PVC and vulcanized rubber which are widely used in the interiors as well as exteriors of a vehicle.


Asia-Pacific Got Significant Share

Elastomers Market

Asia Pacific accounted for larger revenue share in global elastomers market with considerable CAGR owing to growing automotive production in emerging countries like China, India, and Indonesia and increasing demand for high-quality consumer goods. Further, urbanization and industrialization in these countries is increasing construction and manufacturing industries which will further enhance the market growth.

Latin America
Latin-America
North-America
North-America
Europe
Europe
Asia Pacific
Asia-Pacific
Middle East
Middle East

Key

Findings of the Report

  • Global elastomers market expanding at significant CAGR over 2022 to 2028 owing to growing demand from the automotive industry.
  • Based on product, thermoplastic elastomers segment accounted for larger market revenue share in 2021 and projected gain market revenue share over the forecast period
  • Players focusing on innovation of newer products and collaboration strategies to retain market position in global Elastomers market

Key

Features of the Report

Elastomers Market Segmentation


Location

GEOGRAPHY

Frequently Asked Questions

2021 is the base year and 2028 is the forecast year.

The report covers the five regions and 15+ countries market data: North America (United States, Canada), Europe (Germany, France, Italy, Spain, and United Kingdom (UK), Asia Pacific (China, India, Japan, Australia & New Zealand), Latin America (Brazil, Mexico, Argentina) and Middle East and Africa (Saudi Arabia, United Arab Emirates, South Africa).

In our report, we provide 12-15 market players’ information into the report. However, based on the client’s request we will provide additional country and regional market players information as well.


Report

Table Of Content

Table of Content

  1. Executive Summary
  2. Global Elastomers Market Introduction
    • Global Elastomers Market – Taxonomy
    • Global Elastomers Market –Definitions
      • Product
      • End User
  1. Global Elastomers Market Dynamics
    • Drivers
    • Restraints
    • Opportunities/Unmet Needs of the Market
    • Trends
    • Global Elastomers Market Dynamic Factors – Impact Analysis
    • Global Elastomers Market – Competition Landscape
  2. Global Elastomers Market Analysis, 2014 – 2018 and Forecast, 2019 – 2025
    • Market Analysis, 2014 – 2018 and Forecast, 2019 – 2025 (Revenue, USD Mn)
    • Year-over-Year (Y-o-Y) Growth Analysis (%)
    • Market Opportunity Analysis
  3. Global Elastomers Market Forecast, By Product, 2014 – 2018 and Forecast, 2019 – 2025
    • Thermoset Elastomers
      • Synthetic Rubber
        • Styrene Butadiene Rubber
          • Market Analysis, 2014 – 2018 and Forecast, 2019 – 2025 (Revenue, USD Mn)
          • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
          • Market Opportunity Analysis
        • Butyl Rubber
          • Market Analysis, 2014 – 2018 and Forecast, 2019 – 2025 (Revenue, USD Mn)
          • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
          • Market Opportunity Analysis
        • Butadiene Rubber
          • Market Analysis, 2014 – 2018 and Forecast, 2019 – 2025 (Revenue, USD Mn)
          • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
          • Market Opportunity Analysis
        • Nitrile Rubber
          • Market Analysis, 2014 – 2018 and Forecast, 2019 – 2025 (Revenue, USD Mn)
          • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
          • Market Opportunity Analysis
        • Ethylene Propylene Rubber
          • Market Analysis, 2014 – 2018 and Forecast, 2019 – 2025 (Revenue, USD Mn)
          • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
          • Market Opportunity Analysis
        • Others (choloprene rubber, isoprene rubber, etc.)
          • Market Analysis, 2014 – 2018 and Forecast, 2019 – 2025 (Revenue, USD Mn)
          • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
          • Market Opportunity Analysis
        • Natural Rubber
          • Market Analysis, 2014 – 2018 and Forecast, 2019 – 2025 (Revenue, USD Mn)
          • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
          • Market Opportunity Analysis
        • Thermoplastic Elastomers
          • Thermoplastic Polyurethane (TPU)
            • Market Analysis, 2014 – 2018 and Forecast, 2019 – 2025 (Revenue, USD Mn)
            • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
            • Market Opportunity Analysis
          • Thermoplastic Vulcanizates (TPV)
            • Market Analysis, 2014 – 2018 and Forecast, 2019 – 2025 (Revenue, USD Mn)
            • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
            • Market Opportunity Analysis
          • Thermoplastic Polyolefins (TPO)
            • Market Analysis, 2014 – 2018 and Forecast, 2019 – 2025 (Revenue, USD Mn)
            • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
            • Market Opportunity Analysis
          • Styrene Block Co-polymer
            • Market Analysis, 2014 – 2018 and Forecast, 2019 – 2025 (Revenue, USD Mn)
            • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
            • Market Opportunity Analysis
          • Others (thermoplastic co-polyester, thermoplastic polyamides, etc.)
            • Market Analysis, 2014 – 2018 and Forecast, 2019 – 2025 (Revenue, USD Mn)
            • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
            • Market Opportunity Analysis
  1. Global Elastomers Market Forecast, By End User, 2014 – 2018 and Forecast, 2019 – 2025
    • Automotive
      • Market Analysis, 2014 – 2018 and Forecast, 2019 – 2025 (Revenue, USD Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
    • Healthcare
      • Market Analysis, 2014 – 2018 and Forecast, 2019 – 2025 (Revenue, USD Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
    • Consumer Goods
      • Market Analysis, 2014 – 2018 and Forecast, 2019 – 2025 (Revenue, USD Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
    • Construction
      • Market Analysis, 2014 – 2018 and Forecast, 2019 – 2025 (Revenue, USD Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
    • Oil & Gas
      • Market Analysis, 2014 – 2018 and Forecast, 2019 – 2025 (Revenue, USD Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
    • Others
      • Electrical & Electronics
        • Market Analysis, 2014 – 2018 and Forecast, 2019 – 2025 (Revenue, USD Mn)
        • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
        • Market Opportunity Analysis
      • Paints & Coatings
        • Market Analysis, 2014 – 2018 and Forecast, 2019 – 2025 (Revenue, USD Mn)
        • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
        • Market Opportunity Analysis
  1. Global Elastomers Market Forecast, By Region, 2014 – 2018 and Forecast, 2019 – 2025 (Revenue, USD Mn)
    • North America
      • Market Analysis, 2014 – 2018 and Forecast, 2019 – 2025 (Revenue, USD Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
    • Europe
      • Market Analysis, 2014 – 2018 and Forecast, 2019 – 2025 (Revenue, USD Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
    • Asia-Pacific
      • Market Analysis, 2014 – 2018 and Forecast, 2019 – 2025 (Revenue, USD Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
    • Latin America
      • Market Analysis, 2014 – 2018 and Forecast, 2019 – 2025 (Revenue, USD Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
    • Middle East and Africa
      • Market Analysis, 2014 – 2018 and Forecast, 2019 – 2025 (Revenue, USD Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
    • Global Elastomers Market – Opportunity Analysis Index, By Product, End User and Region, 2019 – 2025
  2. North America Elastomers Market Analysis, 2014 – 2018 and Forecast, 2019 – 2025 (Revenue, USD Mn)
    • Product Analysis 2014 – 2018 and Forecast 2019 – 2025 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
      • Thermoset Elastomers
        • Synthetic Rubber
          • Styrene Butadiene Rubber
          • Butyl Rubber
          • Butadiene Rubber
          • Nitrile Rubber
          • Ethylene Propylene Rubber
          • Others (choloprene rubber, isoprene rubber, etc.)
        • Natural Rubber
      • Thermoplastic Elastomers
        • Thermoplastic Polyurethane (TPU)
        • Thermoplastic Vulcanizates (TPV)
        • Thermoplastic Polyolefins (TPO)
        • Styrene Block Co-polymer
        • Others (thermoplastic co-polyester, thermoplastic polyamides, etc.)
      • End User Analysis 2014 – 2018 and Forecast 2019 – 2025 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
        • Automotive
        • Healthcare
        • Consumer Goods
        • Construction
        • Oil & Gas
        • Others
          • Electrical & Electronics
          • Paints & Coatings
        • Country Analysis 2014 – 2018 and Forecast 2019 – 2025 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%)
          • US.
          • Canada
        • North America Elastomers Market – Opportunity Analysis Index, By Product, End User and Country, 2019 – 2025
        • North America Elastomers Market Dynamics – Trends
  1. Europe Elastomers Market Analysis, 2014 – 2018 and Forecast, 2019 – 2025 (Revenue, USD Mn)
    • Product Analysis 2014 – 2018 and Forecast 2019 – 2025 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
      • Thermoset Elastomers
        • Synthetic Rubber
          • Styrene Butadiene Rubber
          • Butyl Rubber
          • Butadiene Rubber
          • Nitrile Rubber
          • Ethylene Propylene Rubber
          • Others (choloprene rubber, isoprene rubber, etc.)
        • Natural Rubber
      • Thermoplastic Elastomers
        • Thermoplastic Polyurethane (TPU)
        • Thermoplastic Vulcanizates (TPV)
        • Thermoplastic Polyolefins (TPO)
        • Styrene Block Co-polymer
        • Others (thermoplastic co-polyester, thermoplastic polyamides, etc.)
      • End User Analysis 2014 – 2018 and Forecast 2019 – 2025 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
        • Automotive
        • Healthcare
        • Consumer Goods
        • Construction
        • Oil & Gas
        • Others
          • Electrical & Electronics
          • Paints & Coatings
        • Country Analysis 2014 – 2018 and Forecast 2019 – 2025 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%)
          • Germany
          • UK
          • France
          • Spain
          • Italy
          • Russia
          • Poland
          • Rest of Europe
        • Europe Elastomers Market – Opportunity Analysis Index, By Product, End User and Country, 2019 – 2025
        • Europe Elastomers Market Dynamics – Trends
  1. Asia-Pacific Elastomers Market Analysis, 2014 – 2018 and Forecast, 2019 – 2025 (Revenue, USD Mn)
    • Product Analysis 2014 – 2018 and Forecast 2019 – 2025 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
      • Thermoset Elastomers
        • Synthetic Rubber
          • Styrene Butadiene Rubber
          • Butyl Rubber
          • Butadiene Rubber
          • Nitrile Rubber
          • Ethylene Propylene Rubber
          • Others (choloprene rubber, isoprene rubber, etc.)
        • Natural Rubber
      • Thermoplastic Elastomers
        • Thermoplastic Polyurethane (TPU)
        • Thermoplastic Vulcanizates (TPV)
        • Thermoplastic Polyolefins (TPO)
        • Styrene Block Co-polymer
        • Others (thermoplastic co-polyester, thermoplastic polyamides, etc.)
      • End User Analysis 2014 – 2018 and Forecast 2019 – 2025 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
        • Automotive
        • Healthcare
        • Consumer Goods
        • Construction
        • Oil & Gas
        • Others
          • Electrical & Electronics
          • Paints & Coatings
        • Country Analysis 2014 – 2018 and Forecast 2019 – 2025 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%)
          • Japan
          • China
          • India
          • ASEAN
          • Australia & New Zealand
          • Rest of Asia-Pacific
        • Asia-Pacific Elastomers Market – Opportunity Analysis Index, By Product, End User and Country, 2019 – 2025
        • Asia-Pacific Elastomers Market Dynamics – Trends
  1. Latin America Elastomers Market Analysis, 2014 – 2018 and Forecast, 2019 – 2025 (Revenue, USD Mn)
    • Product Analysis 2014 – 2018 and Forecast 2019 – 2025 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
      • Thermoset Elastomers
        • Synthetic Rubber
          • Styrene Butadiene Rubber
          • Butyl Rubber
          • Butadiene Rubber
          • Nitrile Rubber
          • Ethylene Propylene Rubber
          • Others (choloprene rubber, isoprene rubber, etc.)
        • Natural Rubber
      • Thermoplastic Elastomers
        • Thermoplastic Polyurethane (TPU)
        • Thermoplastic Vulcanizates (TPV)
        • Thermoplastic Polyolefins (TPO)
        • Styrene Block Co-polymer
        • Others (thermoplastic co-polyester, thermoplastic polyamides, etc.)
      • End User Analysis 2014 – 2018 and Forecast 2019 – 2025 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
        • Automotive
        • Healthcare
        • Consumer Goods
        • Construction
        • Oil & Gas
        • Others
          • Electrical & Electronics
          • Paints & Coatings
        • Country Analysis 2014 – 2018 and Forecast 2019 – 2025 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%)
          • Brazil
          • Mexico
          • Argentina
          • Venezuela
          • Rest of Latin America
        • Latin America Elastomers Market – Opportunity Analysis Index, By Product, End User and Country, 2019 – 2025
        • Latin America Elastomers Market Dynamics – Trends
  1. Middle East and Africa Elastomers Market Analysis, 2014 – 2018 and Forecast, 2019 – 2025 (Revenue, USD Mn)
    • Product Analysis 2014 – 2018 and Forecast 2019 – 2025 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
      • Thermoset Elastomers
        • Synthetic Rubber
          • Styrene Butadiene Rubber
          • Butyl Rubber
          • Butadiene Rubber
          • Nitrile Rubber
          • Ethylene Propylene Rubber
          • Others (choloprene rubber, isoprene rubber, etc.)
        • Natural Rubber
      • Thermoplastic Elastomers
        • Thermoplastic Polyurethane (TPU)
        • Thermoplastic Vulcanizates (TPV)
        • Thermoplastic Polyolefins (TPO)
        • Styrene Block Co-polymer
        • Others (thermoplastic co-polyester, thermoplastic polyamides, etc.)
      • End User Analysis 2014 – 2018 and Forecast 2019 – 2025 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
        • Automotive
        • Healthcare
        • Consumer Goods
        • Construction
        • Oil & Gas
        • Others
          • Electrical & Electronics
          • Paints & Coatings
        • Country Analysis 2014 – 2018 and Forecast 2019 – 2025 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%)
          • Gulf Cooperation Council (GCC) Countries
          • Israel
          • South Africa
          • Rest of MEA
        • MEA Elastomers Market – Opportunity Analysis Index, By Product, End User and Country, 2019 – 2025
        • MEA Elastomers Market Dynamics – Trends
  1. Competition Landscape
    • Strategic Dashboard of Top Market Players
    • Company Profiles (Introduction, Financial Analysis, Product & Service Offerings, Key Developments, Strategies, and SWOT Analysis)
      • Bailey-Parks Urethane Inc. (U.S)
      • API S.P.A. (Italy)
      • BASF SE (Germany)
      • Covestro (Germany)
      • I. du Pont de Nemours and Company (U.S.)
      • Huntsman Corp. (U.S)
      • JSR Corporation (Japan)
      • Lanxess AG (Germany)
      • Miracll Chemicals Ltd (China)
      • The Dow Chemical Company (U.S.)
  2. Research Methodology
  3. Key Assumptions and Acronyms

Report

Company Profile

  • Bailey-Parks Urethane Inc. (U.S)
  • API S.P.A. (Italy)
  • BASF SE (Germany)
  • Covestro (Germany)
  • I. du Pont de Nemours and Company (U.S.)
  • Huntsman Corp. (U.S)
  • JSR Corporation (Japan)
  • Lanxess AG (Germany)
  • Miracll Chemicals Ltd (China)
  • The Dow Chemical Company (U.S.)

Description

The Global Elastomers Market size was valued at USD 79.2 billion in 2021 and is expected to reach USD 109.9 billion by 2028, at a CAGR of 4.8% during the forecast period 2022 to 2028. Some of the key factors influencing the market growth include increasing demand from the automotive industry, growing population and per capita income levels, cost effectiveness and adaptability of thermoplastic elastomers in major end-user. However, fluctuating prices and availability of cheap products are hampering the market growth. The major challenge of the market is high production and maintenance cost of the product. Because of this issue, the elastomers market is facing a sluggish growth in the emerging nations. Moreover, the availability of cheaper products furthers restricts the market growth. This report studies global market dynamics elaborately to identify the current trends & drivers, future opportunities and possible challenges to the key stakeholders operating in the market. In addition, global elastomers market report includes human demographics; regulatory scenario, and competition analysis with vividly illustrated the competition dashboard to assess the market competition. Moreover, PBI analyzed global market to better equip clients with possible investment opportunities across the regions (regional Investment Hot-Spots) and market unmet needs (Product opportunities).

Key Development : 

In May 2021, Avient launched three proprietary, thermoplastic elastomer (TPE) formulations that contain antimicrobial additives to its GLS™ TPE portfolio. These additives protect molded plastic parts by inhibiting bacterial growth and resisting fungal and mold growth.

In December 2021, Pexco LLC, a leading North American specialty plastics extruder acquired Performance Elastomers Corporation (PEC) to expanding the silicone and thermoplastic elastomer products and broadening its capabilities

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