Automotive Elastomers Market was valued at US$ 59.52 Bn in 2022 and is expected to reach US$ 84.88 Bn by 2029, at a CAGR of 5.2 % 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 gasketsAutomotive 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.To know about the Research Methodology :- Request Free Sample Report
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.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 2029, the Indian government and automotive industry has set a target to triple industry revenues.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.Scope of the Automotive Elastomers Market: Inquire before buying
Automotive Elastomers Market Report Coverage Details Base Year: 2022 Forecast Period: 2023-2029 Historical Data: 2017 to 2022 Market Size in 2022: US $ 59.52 Bn. Forecast Period 2023 to 2029 CAGR: 5.2% Market Size in 2029: US $ 84.88 Bn. Segments Covered: by Type • Thermoset Elastomer • Natural Rubber (NR) • Thermoplastic Elastomer (TEP) • Polyether Block Amide (PEBA) Automotive Elastomers Market, by Region
• North America (United States, Canada and Mexico) • Europe (UK, France, Germany, Italy, Spain, Sweden, Austria and Rest of Europe) • Asia Pacific (China, South Korea, Japan, India, Australia, Indonesia, Malaysia, Vietnam, Taiwan, Bangladesh, Pakistan and Rest of APAC) • Middle East and Africa (South Africa, GCC, Egypt, Nigeria and Rest of ME&A) • South America (Brazil, Argentina Rest of South America)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 Frequently Asked Questions: 1. Which region has the largest share in Global Automotive Elastomers Market? Ans: Asia Pacific region held the highest share in 2022. 2. What is the growth rate of Global Automotive Elastomers Market? Ans: The Global Automotive Elastomers Market is growing at a CAGR of 5.2% during forecasting period 2023-2029. 3. What is scope of the Global Automotive Elastomers Market report? Ans: Global Automotive Elastomers Market report helps with the PESTEL, PORTER, COVID-19 Impact analysis, Recommendations for Investors & Leaders, and market estimation of the forecast period. 4. Who are the key players in Global Automotive Elastomers Market? Ans: The important key players in the Global Automotive Elastomers Market are – 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. 5. What is the study period of this Market? Ans: The Global Automotive Elastomers Market is studied from 2022 to 2029.
1. Preface 1.1. Market Definition and Key Research Objectives 1.2. Research Highlights 2. Assumptions and Research Methodology 2.1. Report Assumptions 2.2. Abbreviations 2.3. Research Methodology 2.3.1. Secondary Research 2.3.1.1. Secondary data 2.3.1.2. Secondary Sources 2.3.2. Primary Research 2.3.2.1. Data from Primary Sources 2.3.2.2. Breakdown of Primary Sources 3. Executive Summary: Global Automotive Elastomers Market Size, by Market Value(US$ Mn) 3.1. Global Market Segmentation 3.2. Global Market Segmentation Share Analysis, 2020 3.2.1. Global 3.2.2. By Region (North America, Europe, Asia Pacific, South America, Middle East Africa) 3.3. Geographical Snapshot of the Automotive Elastomers Market 3.4. Geographical Snapshot of the Automotive Elastomers Market, By Manufacturer share 4. Global Automotive Elastomers Market Overview, 2022-2029 4.1. Market Dynamics 4.1.1. Drivers 4.1.1.1. Global 4.1.1.2. By Region (North America, Europe, Asia Pacific, South America, Middle East Africa) 4.1.2. Restraints 4.1.2.1. Global 4.1.2.2. By Region (North America, Europe, Asia Pacific, South America, Middle East Africa) 4.1.3. Opportunities 4.1.3.1. Global 4.1.3.2. By Region (North America, Europe, Asia Pacific, South America, Middle East Africa) 4.1.4. Challenges 4.1.4.1. Global 4.1.4.2. By Region (North America, Europe, Asia Pacific, South America, Middle East Africa) 4.1.5. Industry Trends and Emerging Technologies 4.1.6. Porters Five Forces Analysis 4.1.6.1. Threat of New Entrants 4.1.6.2. Bargaining Power of Buyers/Consumers 4.1.6.3. Bargaining Power of Suppliers 4.1.6.4. Threat of Substitute Sizes 4.1.6.5. Intensity of Competitive Rivalry 4.1.7. Value Chain Analysis 4.1.8. Technological Roadmap 4.1.9. Regulatory landscape 4.1.10. Impact of the Covid-19 Pandemic on the Global Automotive Elastomers Market 5. Supply Side and Demand Side Indicators 6. Global Automotive Elastomers Market Analysis and Forecast, 2022-2029 6.1. Global Automotive Elastomers Market Size & Y-o-Y Growth Analysis. 7. Global Automotive Elastomers Market Analysis and Forecasts, 2022-2029 7.1. Market Size (Mn) Estimates & Forecast By Type, 2022-2029 7.1.1. Thermoset Elastomer 7.1.2. Natural Rubber (NR) 7.1.2.1. Synthetic Rubber (SR) 7.1.2.2. Styrene-Butadiene Rubber (SBR) 7.1.2.3. Butyl Rubber (IIR) 7.1.2.4. Poly Butadiene Rubber (BR) 7.1.2.5. Neoprene Rubber / Polychloroprene Rubber (CR) 7.1.2.6. Nitrile Butadiene Rubber (NBR) 7.1.2.7. Acrylic Rubber (ACM) 7.1.2.8. Ethylene Propylene Diene Monomer (EPDM) 7.1.2.9. Polyisoprene Rubber (IR) 7.1.2.10. Silicone (Q) Elastomers 7.1.2.11. Fluoroelastomers 7.1.3. Thermoplastic Elastomer (TEP) 7.1.3.1. Styrene Block Copolymer (SBC) 7.1.3.2. Thermoplastic Polyurethane (TPU) 7.1.3.3. Thermoplastic Polyolefins (TPO) 7.1.3.4. Thermoplastic Vulcanizates (TPV) 7.1.3.5. Thermoplastic Polyester Elastomers (TPC) 7.1.4. Polyether Block Amide (PEBA 7.2. Market Size (Mn) Estimates & Forecast By Application, 2022-2029 7.2.1. Tire 7.2.2. Non-Tire 7.2.2.1. Interior 7.2.2.2. Exterior 7.2.2.3. Under the Hood 8. Global Automotive Elastomers Market Analysis and Forecasts, By Region 8.1. Market Size (Mn) Estimates & Forecast By Region, 2022-2029 8.1.1. North America 8.1.2. Europe 8.1.3. Asia-Pacific 8.1.4. Middle East & Africa 8.1.5. South America 9. North America Automotive Elastomers Market Analysis and Forecasts, 2022-2029 9.1. Market Size (Mn) Estimates & Forecast By Type, 2022-2029 9.1.1. Thermoset Elastomer 9.1.2. Natural Rubber (NR) 9.1.2.1. Synthetic Rubber (SR) 9.1.2.2. Styrene-Butadiene Rubber (SBR) 9.1.2.3. Butyl Rubber (IIR) 9.1.2.4. Poly Butadiene Rubber (BR) 9.1.2.5. Neoprene Rubber / Polychloroprene Rubber (CR) 9.1.2.6. Nitrile Butadiene Rubber (NBR) 9.1.2.7. Acrylic Rubber (ACM) 9.1.2.8. Ethylene Propylene Diene Monomer (EPDM) 9.1.2.9. Polyisoprene Rubber (IR) 9.1.2.10. Silicone (Q) Elastomers 9.1.2.11. Fluoroelastomers 9.1.3. Thermoplastic Elastomer (TEP) 9.1.3.1. Styrene Block Copolymer (SBC) 9.1.3.2. Thermoplastic Polyurethane (TPU) 9.1.3.3. Thermoplastic Polyolefins (TPO) 9.1.3.4. Thermoplastic Vulcanizates (TPV) 9.1.3.5. Thermoplastic Polyester Elastomers (TPC) 9.1.4. Polyether Block Amide (PEBA 9.2. Market Size (Mn) Estimates & Forecast By Application, 2022-2029 9.2.1. Tire 9.2.2. Non-Tire 9.2.2.1. Interior 9.2.2.2. Exterior 9.2.3. Under the Hood 10. North America Automotive Elastomers Market Analysis and Forecasts, By Country 10.1. Market Size (Mn) Estimates & Forecast By Country, 2022-2029 10.1.1. US 10.1.2. Canada 10.1.3. Mexico 11. U.S. Automotive Elastomers Market Analysis and Forecasts, 2022-2029 11.1. Market Size (Mn) Estimates & Forecast By Type, 2022-2029 11.2. Market Size (Mn) Estimates & Forecast By Application, 2022-2029 12. Canada Automotive Elastomers Market Analysis and Forecasts, 2022-2029 12.1. Market Size (Mn) Estimates & Forecast By Type, 2022-2029 12.2. Market Size (Mn) Estimates & Forecast By Application, 2022-2029 13. Mexico Automotive Elastomers Market Analysis and Forecasts, 2022-2029 13.1. Market Size (Mn) Estimates & Forecast By Type, 2022-2029 13.2. Market Size (Mn) Estimates & Forecast By Application, 2022-2029 14. Europe Automotive Elastomers Market Analysis and Forecasts, 2022-2029 14.1. Market Size (Mn) Estimates & Forecast By Type, 2022-2029 14.2. Market Size (Mn) Estimates & Forecast By Application, 2022-2029 15. Europe Automotive Elastomers Market Analysis and Forecasts, By Country 15.1. Market Size (Mn) Estimates & Forecast By Country, 2022-2029 15.1.1. U.K 15.1.2. France 15.1.3. Germany 15.1.4. Italy 15.1.5. Spain 15.1.6. Sweden 15.1.7. CIS Countries 15.1.8. Rest of Europe 16. U.K. Automotive Elastomers Market Analysis and Forecasts, 2022-2029 16.1. Market Size (Mn) Estimates & Forecast By Type, 2022-2029 16.2. Market Size (Mn) Estimates & Forecast By Application, 2022-2029 17. France Automotive Elastomers Market Analysis and Forecasts, 2022-2029 17.1. Market Size (Mn) Estimates & Forecast By Type, 2022-2029 17.2. Market Size (Mn) Estimates & Forecast By Application, 2022-2029 18. Germany Automotive Elastomers Market Analysis and Forecasts, 2022-2029 18.1. Market Size (Mn) Estimates & Forecast By Type, 2022-2029 18.2. Market Size (Mn) Estimates & Forecast By Application, 2022-2029 19. Italy Automotive Elastomers Market Analysis and Forecasts, 2022-2029 19.1. Market Size (Mn) Estimates & Forecast By Type, 2022-2029 19.2. Market Size (Mn) Estimates & Forecast By Application, 2022-2029 20. Spain Automotive Elastomers Market Analysis and Forecasts, 2022-2029 20.1. Market Size (Mn) Estimates & Forecast By Type, 2022-2029 20.2. Market Size (Mn) Estimates & Forecast By Application, 2022-2029 21. Sweden Automotive Elastomers Market Analysis and Forecasts, 2022-2029 21.1. Market Size (Mn) Estimates & Forecast By Type, 2022-2029 21.2. Market Size (Mn) Estimates & Forecast By Application, 2022-2029 22. CIS Countries Automotive Elastomers Market Analysis and Forecasts, 2022-2029 22.1. Market Size (Mn) Estimates & Forecast By Type, 2022-2029 22.2. Market Size (Mn) Estimates & Forecast By Application, 2022-2029 23. Rest of Europe Automotive Elastomers Market Analysis and Forecasts, 2022-2029 23.1. Market Size (Mn) Estimates & Forecast By Type, 2022-2029 23.2. Market Size (Mn) Estimates & Forecast By Application, 2022-2029 24. Asia Pacific Automotive Elastomers Market Analysis and Forecasts, 2022-2029 24.1. Market Size (Mn) Estimates & Forecast By Type, 2022-2029 24.2. Market Size (Mn) Estimates & Forecast By Application, 2022-2029 25. Asia Pacific Automotive Elastomers Market Analysis and Forecasts, by Country 25.1. Market Size (Mn) Estimates & Forecast By Country, 2022-2029 25.1.1. China 25.1.2. India 25.1.3. Japan 25.1.4. South Korea 25.1.5. Australia 25.1.6. ASEAN 25.1.7. Rest of Asia Pacific 26. China Automotive Elastomers Market Analysis and Forecasts, 2022-2029 26.1. Market Size (Mn) Estimates & Forecast By Type, 2022-2029 26.2. Market Size (Mn) Estimates & Forecast By Application, 2022-2029 27. India Automotive Elastomers Market Analysis and Forecasts, 2022-2029 27.1. Market Size (Mn) Estimates & Forecast By Type, 2022-2029 27.2. Market Size (Mn) Estimates & Forecast By Application, 2022-2029 28. Japan Automotive Elastomers Market Analysis and Forecasts, 2022-2029 28.1. Market Size (Mn) Estimates & Forecast By Type, 2022-2029 28.2. Market Size (Mn) Estimates & Forecast By Application, 2022-2029 29. South Korea Automotive Elastomers Market Analysis and Forecasts, 2022-2029 29.1. Market Size (Mn) Estimates & Forecast By Type, 2022-2029 29.2. Market Size (Mn) Estimates & Forecast By Application, 2022-2029 30. Australia Automotive Elastomers Market Analysis and Forecasts, 2022-2029 30.1. Market Size (Mn) Estimates & Forecast By Type, 2022-2029 30.2. Market Size (Mn) Estimates & Forecast By Application, 2022-2029 31. ASEAN Automotive Elastomers Market Analysis and Forecasts, 2022-2029 31.1. Market Size (Mn) Estimates & Forecast By Type, 2022-2029 31.2. Market Size (Mn) Estimates & Forecast By Application, 2022-2029 32. Rest of Asia Pacific Automotive Elastomers Market Analysis and Forecasts, 2022-2029 32.1. Market Size (Mn) Estimates & Forecast By Type, 2022-2029 32.2. Market Size (Mn) Estimates & Forecast By Application, 2022-2029 33. Middle East Africa Automotive Elastomers Market Analysis and Forecasts, 2022-2029 33.1. Market Size (Mn) Estimates & Forecast By Type, 2022-2029 33.2. Market Size (Mn) Estimates & Forecast By Application, 2022-2029 34. Middle East Africa Automotive Elastomers Market Analysis and Forecasts, by Country 34.1. Market Size (Mn) Estimates & Forecast by Country, 2022-2029 34.1.1. South Africa 34.1.2. GCC Countries 34.1.3. Egypt 34.1.4. Nigeria 34.1.5. Rest of ME&A 35. South Africa Automotive Elastomers Market Analysis and Forecasts, 2022-2029 35.1. Market Size (Mn) Estimates & Forecast By Type, 2022-2029 35.2. Market Size (Mn) Estimates & Forecast By Application, 2022-2029 36. GCC Countries Automotive Elastomers Market Analysis and Forecasts, 2022-2029 36.1. Market Size (Mn) Estimates & Forecast By Type, 2022-2029 36.2. Market Size (Mn) Estimates & Forecast By Application, 2022-2029 37. Egypt Automotive Elastomers Market Analysis and Forecasts, 2022-2029 37.1. Market Size (Mn) Estimates & Forecast By Type, 2022-2029 37.2. Market Size (Mn) Estimates & Forecast By Application, 2022-2029 38. Nigeria Automotive Elastomers Market Analysis and Forecasts, 2022-2029 38.1. Market Size (Mn) Estimates & Forecast By Type, 2022-2029 38.2. Market Size (Mn) Estimates & Forecast By Application, 2022-2029 39. Rest of ME&A Automotive Elastomers Market Analysis and Forecasts, 2022-2029 39.1. Market Size (Mn) Estimates & Forecast By Type, 2022-2029 39.2. Market Size (Mn) Estimates & Forecast By Application, 2022-2029 40. South America Automotive Elastomers Market Analysis and Forecasts, 2022-2029 40.1. Market Size (Mn) Estimates & Forecast By Type, 2022-2029 40.2. Market Size (Mn) Estimates & Forecast By Application, 2022-2029 41. South America Automotive Elastomers Market Analysis and Forecasts, by Country 41.1. Market Size (Mn) Estimates & Forecast by Country, 2022-2029 41.1.1. Brazil 41.1.2. Argentina 41.1.3. Rest of South America 42. Brazil Automotive Elastomers Market Analysis and Forecasts, 2022-2029 42.1. Market Size (Mn) Estimates & Forecast By Type, 2022-2029 42.2. Market Size (Mn) Estimates & Forecast By Application, 2022-2029 43. Argentina Automotive Elastomers Market Analysis and Forecasts, 2022-2029 43.1. Market Size (Mn) Estimates & Forecast By Type, 2022-2029 43.2. Market Size (Mn) Estimates & Forecast By Application, 2022-2029 44. Rest of South America Automotive Elastomers Market Analysis and Forecasts, 2022-2029 44.1. Market Size (Mn) Estimates & Forecast By Type, 2022-2029 44.2. Market Size (Mn) Estimates & Forecast By Application, 2022-2029 45. Competitive Landscape 45.1. Geographic Footprint of Major Players in the Global Automotive Elastomers Market 45.2. Competition Matrix 45.2.1. Competitive Benchmarking of key players by price, presence, market share, Applications and R&D investment 45.2.2. New Size Launches and Size Enhancements 45.2.3. Market Consolidation 45.2.3.1. M&A by Regions, Investment and Applications 45.2.3.2. M&A Key Players, Forward Integration and Backward Integration 45.3. Company Profile - Key Players 45.3.1. Exxon Mobil Corporation 45.3.1.1. Company Overview 45.3.1.2. Financial Overview 45.3.1.3. Geographic Footprint 45.3.1.4. Size Portfolio 45.3.1.5. Business Strategy 45.3.1.6. Recent Developments 45.3.2. Royal Dutch Shell Plc 45.3.3. Chevron Corporation 45.3.4. Total S.A. 45.3.5. Bp P.L.C. 45.3.6. Fuchs Petrolub Se 45.3.7. Witham Oil & Paint Ltd 45.3.8. Rymax Lubricants 45.3.9. Repsol S.A. 45.3.10. Cougar Lubricants International Ltd 45.3.11. Schaeffer Manufacturing Co. 45.3.12. Pennine Lubricants Limited 45.3.13. Frontier Performance Lubricants, Inc. 45.3.14. Unil Lubricants 45.3.15. Phillips 66 45.3.16. Exol Lubricants Limited 45.3.17. SGS