The global elastomers market was valued at $80.3 billion in 2018. Elastomers are used in adhesives, molded flexible components and seals at the time of manufacturing of vehicle, chemical processes, food production and scientific applications.
Elastomer is derived from “elastic polymer” and is a rubbery substantial composed of polymers or elongated chain like molecules that retain the aptitude of returning in original shape after stretching it at rapid pace as well.
Elastomers are being adopted in various industries such as in the small as well as large rubber parts are being found in the aerospace and military sector in the production of energy, production of petroleum-based fuels, in chemical research along with in several industrial and commercial positions. Thus, rampant acceptance of elastomers in various industries are thereby strengthening the growth of the global elastomers market at an extensive rate.
Rampant demand for elastomers from automotive domain is the major factor driving the growth of the global elastomers market. The automotive domains is observing rampant demand for improved recyclability, extensive demand for lighter materials and parts and eradication of halogens are enabling the manufacturers to switch from vulcanized rubber and polyvinyl chloride (PVC) to thermoplastic elastomers (TPE). Additionally, elastomers enable manufacturers to ensure stable quality and further improve quality thereby enabling the company to meet evolving needs of the customers and enhance their satisfaction. Furthermore, elastomers offer low cost, light weight, productivity and to meet varied range of processing, performance and economic necessities for several highly durable applications.
Furthermore, increasing demand for elastomers from healthcare industry is propelling the growth of the global elastomers market.
Additionally, enhanced application of elastomers along with persistent technological innovation in elastomers is thus accentuating the growth of the global elastomers market at rapid pace. However, volatility in the prices of raw material and development of biodegradable grades are the key factors that are hampering the growth of global elastomers market.
Elastomers market forecast 2019 – 2029 estimates the historical market size in terms of consumption as well as revenue generated by the industry players across the globe. It offers the opportunity analysis along the value chain for the elastomers manufacturers. Also, the report offers the vendor analysis along with price trend which provides an edge to the stakeholders especially manufacturers to create a better understanding of the market. Healthcare, industrial, consumer goods, automotive, and other industry players benefit from the product benchmarking and matrix helping them to take right decision in choosing the right product with optimum prices suited for their end use applications.
The reports provide the analysis based on product and end user segment. On the basis of product, the global elastomers market is categorised into thermoplastics and thermosets. Among the two products, thermosets category holds the largest share in the global market in 2018. Thermoset product augments chemical resistance, structural integrity and heat resistance that can further enable the manufacturers to improve mechanical properties of the materials and thermosets are also utilised for sealed products owing to confrontation to deformation.
Based on end user, the global elastomers market is segmented into healthcare, industrial, consumer goods, automotive, and others. Among all these segments, automotive domain is anticipated to generate largest revenue throughout the estimated period and healthcare domain is anticipated to witness fastest growth during the forecast period. Elastomers are considered to be safe and pure materials for medical application, easy to sterilize, offer efficient sealing performance, recyclability and provides effective overmold adhesion.
The elastomers market in Asia-Pacific is anticipated to generate largest revenue throughout the estimated period owing to increasing production capabilities in automotive domain in various countries such as China, Japan, India and Thailand. Furthermore, prompt urbanization and industrialization activities undertaken in various emerging countries is further driving the demand for elastomers in manufacturing and construction domain at rapid pace. Moreover, elastomers market in North America is gaining huge momentum due to rapid adoption of elastomers in aerospace domain in the region which is thereby enabling the manufacturers to attain cost efficiencies and easy adaptability.
The report also offers the insights for the European, Latin American, and Middle East and African Market. A detail analysis of historic and forecast consumption data, revenue in the market and competitive analysis for major competitors in each region is also provided.
The eminent key players in the global elastomers market are refining their manufacturing efficiencies, enhancing product portfolio and implementing mergers & acquisitions in order to gain competitive edge worldwide. Some of the players having prominent presence in the global elastomers market include LG Chem. Ltd, Lanxess AG, E. I. du Pont de Nemours and Company, BASF SE, The Dow Chemical Company, JSR Corporation, PolyOne Corporation, Huntsman International LLC, Arkema Inc., and Covestro AG.
Visiongain is a trading partner with the US Federal Government
CCR Ref number: KD4R6
Do you have any custom requirements we can help you with? Any need for specific country, geo region, market segment or specific company information? Contact us today, we can discuss your needs and see how we can help: sara.peerun@visiongain.com
1. Research Overview
1.1. Objective
1.2. Global Elastomers Market Overview
1.3. Market Segmentation
1.3.1. By Product
1.3.2. By End User
1.4. Benefits to Stakeholders
1.5. Key Questions Answered by the Report
1.6. Research Methodology
1.6.1. Secondary Research
1.6.2. Primary Research
1.6.3. Frequently Asked Questions
1.6.4. Market Estimation and Forecast Methodology
1.6.5. Data Exploration and Validation
1.6.6. Limitations and Assumptions for the Study
2. Introduction to the Elastomers Market
2.1. Market Definition
2.2. By Product
2.2.1. Thermoplastics
2.2.2. Thermosets
2.3. By End User
2.3.1. Healthcare
2.3.2. Industrial
2.3.3. Consumer Goods
2.3.4. Automotive
2.3.5. Others
3. Elastomers Market Analysis
3.1. Industry Outlook
3.2. Value Chain Analysis
3.3. Regulatory Framework
3.4. Technology Overview
3.5. PESTEL Analysis
3.6. Opportunity Analysis
3.7. Supply Chain Analysis
3.8. Porter’s Five Forces Analysis
3.9. Market Dynamics
3.9.1. Drivers
3.9.1.1. Growth in automotive industry
3.9.1.2. Increasing demand for elastomers from healthcare industry
3.9.1.3. Technology advancement
3.9.1.4. Increasing application from the HVAC industry
3.9.2. Restraints
3.9.2.1. Volatile raw material prices
3.9.3. Trends
3.9.3.1. Shifting trend observed towards the development of bio-based products
3.9.3.2. Increasing development in processing technology globally
3.9.4. Opportunities
3.9.4.1. Growing application in fabrication of medical instruments
3.10. SWOT Analysis of the Elastomers Market
3.10.1. Strength
3.10.2. Weakness
3.10.3. Opportunity
3.10.4. Threat
4. Elastomers: Global Market
4.1. Global Elastomers Market Forecast 2019 - 2029
4.2. Global Elastomers Market Forecast, by Product, 2019 - 2029
4.3. Global Elastomers Market Forecast, by End User, 2019 - 2029
4.4. Global Elastomers Market Forecast, by Region, 2019 – 2029
4.4.1. Asia-Pacific
4.4.2. Europe
4.4.3. North America
4.4.4. Latin America
4.4.5. Middle East & Africa
5. Elastomers: Asia-Pacific Market
5.1. China Elastomers Market
5.1.1. China Elastomers Market, by Product Forecast, 2019 - 2029
5.1.2. China Elastomers Market, by End User Forecast, 2019 - 2029
5.2. Japan Elastomers Market
5.2.1. Japan Elastomers Market, by Product Forecast, 2019 - 2029
5.2.2. Japan Elastomers Market, by End User Forecast, 2019 - 2029
5.3. India Elastomers Market
5.3.1. India Elastomers Market, by Product Forecast, 2019 - 2029
5.3.2. India Elastomers Market, by End User Forecast, 2019 - 2029
5.4. Australia Elastomers Market
5.4.1. Australia Elastomers Market, by Product Forecast, 2019 - 2029
5.4.2. Australia Elastomers Market, by End User Forecast, 2019 - 2029
5.5. South Korea Elastomers Market
5.5.1. South Korea Elastomers Market, by Product Forecast, 2019 - 2029
5.5.2. South Korea Elastomers Market, by End User Forecast, 2019 - 2029
5.6. Rest of Asia-Pacific Elastomers Market
5.6.1. Rest of Asia-Pacific Elastomers Market, by Product Forecast, 2019 - 2029
5.6.2. Rest of Asia-Pacific Elastomers Market, by End User Forecast, 2019 - 2029
6. Elastomers: European Market
6.1. Germany Elastomers Market
6.1.1. Germany Elastomers Market, by Product Forecast, 2019 - 2029
6.1.2. Germany Elastomers Market, by End User Forecast, 2019 - 2029
6.2. U.K. Elastomers Market
6.2.1. U.K. Elastomers Market, by Product Forecast, 2019 - 2029
6.2.2. U.K. Elastomers Market, by End User Forecast, 2019 - 2029
6.3. France Elastomers Market
6.3.1. France Elastomers Market, by Product Forecast, 2019 - 2029
6.3.2. France Elastomers Market, by End User Forecast, 2019 - 2029
6.4. Spain Elastomers Market
6.4.1. Spain Elastomers Market, by Product Forecast, 2019 - 2029
6.4.2. Spain Elastomers Market, by End User Forecast, 2019 - 2029
6.5. Italy Elastomers Market
6.5.1. Italy Elastomers Market, by Product Forecast, 2019 - 2029
6.5.2. Italy Elastomers Market, by End User Forecast, 2019 - 2029
6.6. Russia Elastomers Market
6.6.1. Russia Elastomers Market, by Product Forecast, 2019 - 2029
6.6.2. Russia Elastomers Market, by End User Forecast, 2019 - 2029
6.7. Rest of Europe Elastomers Market
6.7.1. Rest of Europe Elastomers Market, by Product Forecast, 2019 - 2029
6.7.2. Rest of Europe Elastomers Market, by End User Forecast, 2019 - 2029
7. Elastomers: North American Market
7.1. U.S. Elastomers Market
7.1.1. U.S. Elastomers Market, by Product Forecast, 2019 - 2029
7.1.2. U.S. Elastomers Market, by End User Forecast, 2019 - 2029
7.2. Canada Elastomers Market
7.2.1. Canada Elastomers Market, by Product Forecast, 2019 - 2029
7.2.2. Canada Elastomers Market, by End User Forecast, 2019 - 2029
8. Elastomers: Latin American Market
8.1. Brazil Elastomers Market
8.1.1. Brazil Elastomers Market, by Product Forecast, 2019 - 2029
8.1.2. Brazil Elastomers Market, by End User Forecast, 2019 - 2029
8.2. Mexico Elastomers Market
8.2.1. Mexico Elastomers Market, by Product Forecast, 2019 - 2029
8.2.2. Mexico Elastomers Market, by End User Forecast, 2019 - 2029
8.3. Argentina Elastomers Market
8.3.1. Argentina Elastomers Market, by Product Forecast, 2019 - 2029
8.3.2. Argentina Elastomers Market, by End User Forecast, 2019 - 2029
8.4. Rest of Latin American Elastomers Market
8.4.1. Rest of Latin American Elastomers Market, by Product Forecast, 2019 - 2029
8.4.2. Rest of Latin American Elastomers Market, by End User Forecast, 2019 - 2029
9. Elastomers: MEA Market
9.1. Saudi Arabia Elastomers Market
9.1.1. Saudi Arabia Elastomers Market, by Product Forecast, 2019 - 2029
9.1.2. Saudi Arabia Elastomers Market, by End User Forecast, 2019 - 2029
9.2. South Africa Elastomers Market
9.2.1. South Africa Elastomers Market, by Product Forecast, 2019 - 2029
9.2.2. South Africa Elastomers Market, by End User Forecast, 2019 - 2029
9.3. U.A.E. Elastomers Market
9.3.1. U.A.E. Elastomers Market, by Product Forecast, 2019 - 2029
9.3.2. U.A.E. Elastomers Market, by End User Forecast, 2019 - 2029
9.4. Rest of MEA Elastomers Market
9.4.1. Rest of MEA Elastomers Market, by Product Forecast, 2019 - 2029
9.4.2. Rest of MEA Elastomers Market, by End User Forecast, 2019 - 2029
10. Competition in Elastomers Market
10.1. Production Capacity of Major Players
10.2. Price Trend Analysis
10.3. Raw Materials Price Analysis
10.4. Company Share Analysis
10.5. Product and Competitive Benchmarking
10.6. Strategic Development Analysis of Major Players
10.6.1. Partnerships/Collaborations/Agreements
10.6.2. Mergers & Acquisitions
10.6.3. New Product Launches
10.6.4. Other Developments
11. Leading Companies
11.1. LG Chem. Ltd
11.1.1. Company Overview
11.1.2. Product & Services Offerings
11.1.3. Key Financial Summary
11.1.4. Recent Developments
11.1.5. SWOT Analysis
11.2. Lanxess AG
11.2.1. Company Overview
11.2.2. Product & Services Offerings
11.2.3. Key Financial Summary
11.2.4. Recent Developments
11.2.5. SWOT Analysis
11.3. E. I. du Pont de Nemours and Company
11.3.1. Company Overview
11.3.2. Product & Services Offerings
11.3.3. Key Financial Summary
11.3.4. Recent Developments
11.3.5. SWOT Analysis
11.4. BASF SE
11.4.1. Company Overview
11.4.2. Product & Services Offerings
11.4.3. Key Financial Summary
11.4.4. Recent Developments
11.4.5. SWOT Analysis
11.5. The Dow Chemical Company
11.5.1. Company Overview
11.5.2. Product & Services Offerings
11.5.3. Key Financial Summary
11.5.4. Recent Developments
11.5.5. SWOT Analysis
11.6. JSR Corporation
11.6.1. Company Overview
11.6.2. Product & Services Offerings
11.6.3. Key Financial Summary
11.6.4. Recent Developments
11.6.5. SWOT Analysis
11.7. PolyOne Corporation
11.7.1. Company Overview
11.7.2. Product & Services Offerings
11.7.3. Key Financial Summary
11.7.4. Recent Developments
11.7.5. SWOT Analysis
11.8. Huntsman International LLC
11.8.1. Company Overview
11.8.2. Product & Services Offerings
11.8.3. Key Financial Summary
11.8.4. Recent Developments
11.8.5. SWOT Analysis
11.9. Arkema Inc.
11.9.1. Company Overview
11.9.2. Product & Services Offerings
11.9.3. Key Financial Summary
11.9.4. Recent Developments
11.9.5. SWOT Analysis
11.10. Covestro AG
11.10.1. Company Overview
11.10.2. Product & Services Offerings
11.10.3. Key Financial Summary
11.10.4. Recent Developments
11.10.5. SWOT Analysis
12. Conclusion and Recommendation
12.1. Market Outlook
12.2. Recommendation
13. Glossary
Arkema Inc.
BASF SE
Covestro AG
E. I. du Pont de Nemours and Company
Huntsman International LLC
JSR Corporation
Lanxess AG
LG Chem. Ltd
PolyOne Corporation
The Dow Chemical Company
