Global Automotive Elastomers Market size was valued US$ xx Mn. in 2019 and the total revenue is expected to grow about 5.0% from 2020 to 2027, reaching US$ xx Mn.
Global Automotive Elastomers Market
Global Automotive Elastomers Market: Overview
Global Automotive Elastomers iselastic polymer;technically it is a rubber, sSome of the elastomeric polymers include polyisoprene ornatural rubber, polyurethanes, polyisobutylene, and other polymers. The elastomers hashave elastic properties such as it can be stretched to many times their original length and bouncy structure, which makesvarious application of elastomers for special purposes in automotive to consumer goods and footwear to sports. Generally, Elastomers haveas 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%. The elostomers has numerous advantages such as lower Young’s modulus, and higher failure strainas compared to other materials.
Elastomer is also an amorphous polymer, which exists above its glass transition temperature. This enables movement of the material and enables it to retain the softness at the ambient temperature. 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 Global Automotive Elastomers Market.The factors favoring growth 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
Global Automotive Elastomers Market1
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 fuelefficient systemis increasing from in recent periodresent few years is; constantly driving the market for Global Automotive Elastomers Market.The manufacturers are trying to reduce production costto couplealong with increasing demand of cost efficientcost-efficientsystemareis 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
The By region, Global Automotive Elastomers Market is segmented in to various regions such as North America, Europe, Middle East & Africa, South America, and Asia Pacific.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 aAutomobile industrygrowthin China and India due tois 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 are expected to driveGlobal Automotive Elastomers Market. The,growing preferences toward high-efficiency automobiles is expected to driveingNorth America market during the forecast periodnext few years. Middle East and Africa is estimated to be a highly profitable regional segment of the automotive elastomers market.
The report also helps in understanding Global Automotive Elastomers Marketdynamics, structure by analyzing the market segments and projects the Global Automotive Elastomers Marketsize. 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
Global Automotive Elastomers Market, by Type
• Natural Rubbers (NR)
• Butyl Elastomers (IIR)
• Butadiene (BR) (Polybutadiene) Elastomers
• Ethylene-propylene (EPM/EPDM) Elastomers
• Polyisoprene (IR) Elastomers
• Nitrile (NBR) Elastomers
• Silicones (Q)
• Polychloroprene (CR) (Neoprene) Elastomers
• Acrylic (ACM) Elastomers
• Styrene Block Copolymers (SBC)
• Thermoplastic Polyolefins
• Thermoplastic Polyurethanes
• Thermoplastic Vulcanizates
• Thermoplastic Copolyesters
• Thermoplastic Polyether Block Amides
Global Automotive Elastomers Market, by Vehicle Type
• Passenger Vehicle
• Light Commercial Vehicle
• Medium Commercial Vehicle
• Heavy Commercial Vehicle
Global Automotive Elastomers Market, by Application
Global Automotive Elastomers Market, by Region
• Asia Pacific
• North America
• South America
• Middle East & Africa
Key players operating in Global Automotive Elastomers Market
• JSR Corporation
• LG Chem
• Teknor Apex
• Zeon Corporation
• The Dow Chemical Company
• E. I. du Pont de Nemours and Company
• Saudi Basic Industries Corporation
• Huntsman International LLC
• LyondellBasell Industries N.V.
• Bayer AG
• China Petrochemical Corporation (Sinopec)
• Kraton Performance Polymers Inc
• PJSC “Nizhnekamskneftekhim”
• Versalis S.p.A.
• Mitsui Chemicals, Inc.
• KURARAY CO., LTD.
• Asahi Kasei Corporation
• TSRC Corporation
• Sumitomo Corporation.