The report of Automotive Elastomers Market by Type (Natural Rubbers (NR), Butyl Elastomers (IIR), Butadiene (BR) (Polybutadiene) Elastomers, Double Coupling, Thomson Coupling, Nitrile (NBR) Elastomers, Silicones (Q), Polychloroprene (CR) (Neoprene) Elastomers, Acrylic (ACM) Elastomers, Fluoroelastomers, Styrene Block Copolymers (SBC), Thermoplastic Polyolefins, Thermoplastic Polyurethanes, Thermoplastic Vulcanizates, Thermoplastic Copolyesters, Thermoplastic Polyether Block Amides), Vehicle Type (Passenger Vehicle , Light Commercial Vehicle, Medium Commercial Vehicle, Heavy Commercial Vehicle), Application (Tire, Non-Tire), and Region (North America, Europe, Middle East & Africa, South America, Asia Pacific) is expected to reach US$ xx Mn. by 2027, at a CAGR of 5.0 % during a forecast period.
Global Automotive Elastomers iselastic polymer; technically it is a rubber, some of the elastomeric polymers include polyisoprene ornatural rubber, polyurethanes, polyisobutylene, and other polymers. The elastomers have elastic properties such as it can be stretched to many times their original length and bouncy structure, which make various application of elastomers for special purposes in automotive to consumer goods and footwear to sports. Generally, Elastomers have two types thermoset and thermoplastic.
The thermoplastic is derived from thermoset through the vulcanization process to improve the durability, stability, and viscosity of rubber and rubber compound. Automotive sector is biggest user of global elastomer production which is over 45%. Automotive Elastomers are primarily used as sealants, adhesives, and flexible molded parts and offers a vast number of end-use. Industries such as automotive, building & construction, consumer goods, andsports are major application of Market.
Global Automotive Elastomers Market: Drivers and Restraints
The factors driving thegrowth of the global automotive elastomers market are growing demand for commercial and passenger vehicles, the growing use of high-performance lightweight materials in the automotive industry on the backdrop of strict emission regulations in mature economies, increasing use of recycled rubber as a raw material by leading tire manufacturers
Demand of fuelefficientsystemis increasing in recent period is constantly driving the market for Global Automotive Elastomers Market. The manufacturers are trying to reduce production cost along with increasing demand of cost-efficient system is contributing in growth of Automotive Elastomers Market. The development Non-Tire technology and new technology in order to development of Automotive Elastomers coupled with strategies to grow green solutions globally and expected to grow Automotive Elastomers market.
Global Automotive Elastomers Market: Regional Overview
By region, Asia Pacific is expected to be the leading regional market in the Global Automotive Elastomers Market, owing to growing population in emerging economies such as India and China. The growth in automobile industryin China and India is a result ofgrowing disposable income which is expected to be a major factor fueling the growth of automotive elastomers market in the region.
Europe is expected to witness a similar growth trend owing to presence of well-established automotive industry in the region. Severe emission norms imposed in Europe are expected to boost the Automotive Elastomersmarket in Europe. North America Automotive Elastomers market is expected to be driven by emission rules and legislations norms. The growing preferences toward high-efficiency automobiles is expected to driveNorth America market during the forecast period. Middle East and Africa is estimated to be a highly profitable regional segment of the automotive elastomers market.
Key players operating in the Market areArlanxeo, Dow, ExxonMobil, JSR Corporation, DuPont, BASF, LG Chem, SABIC, Teknor Apex, Zeon Corporation, LANXESS, The Dow Chemical Company, E. I. du Pont de Nemours and Company, Saudi Basic Industries Corporation, 3M, Huntsman International LLC, LyondellBasell Industries N.V., Bayer AG, China Petrochemical Corporation (Sinopec), Kraton Performance Polymers Inc, PJSC “Nizhnekamskneftekhim”, SIBUR, Versalis S.p.A., Momentive, Mitsui Chemicals, Inc., KURARAY CO., LTD., Asahi Kasei Corporation, TSRC Corporation, Sumitomo Corporation.
Maximize Market Research, a global market research firm with a dedicated team of specialists and data has carried out extensive research about the Market. The report encompasses the market by different segments and regions, providing an in-depth analysis of the overall industry ecosystem, useful for making an informed strategic decision by the key stakeholders in the industry. Importantly, the report delivers forecasts and share of the market, further giving an insight into the market dynamicsand future opportunities that might exist in the Market. The driving forces, as well as considerable restraints, have been explained in depth. in addition to this, competitive landscape describing the strategic growth of the competitors has been taken into consideration for enhancing market know-how of our clients and at the same time explain Market positioning of competitors.
Browse the market data Tables and Figures spread through a comprehensive research report and in-depth TOC on “Global Automotive Elastomers Market.”
https://www.maximizemarketresearch.com/market-report/global-automotive-elastomers-market/429/
Contact:
MAXIMIZE MARKET RESEARCH PVT. LTD.
Omkar Heights,
ManikBaug, Vadgaon Bk,
Sinhagad Road, Pune – 411051, Maharashtra, India.
+91 9607195908