DUBLIN, March 18, 2024 /PRNewswire/ — The “Elastomers: Applications and Global Markets” report has been added to ResearchAndMarkets.com’s offering.
The global elastomers market is expected to grow at a compound annual growth rate (CAGR) of 7.9% from 2023 through 2028 to reach $153.5 billion. The Asia-Pacific market was valued at $46.3 billion in 2022 and is expected to reach $77.6 billion by the end of 2028, growing at a CAGR of 9%.
The growth in North America and Europe will be slower, i.e., these regions will grow at CAGRs of 6.6% and 5.4%, respectively, from 2023 through 2028, reaching $29.7 billion and $23.3 billion, respectively. The rate of growth is expected to pick up in the coming years. The Asia-Pacific region, especially China, Vietnam, Indonesia, and India, should grow relatively faster throughout the next five years.
The key global companies in the global elastomers market are trying to create partnerships, joint ventures, and collaborations with small and medium elastomer companies. For instance, in April 2023, DuPont entered into a collaboration with Qosina. Through this collaboration, Qosina gained access to DuPont’s Liveo Silicone Elastomer series, which is specifically used in the production of biopharmaceutical, pharmaceutical, and medical devices. Likewise, in November 2023, Covestro AG strengthened its partnership with China’s Huafon. This partnership will help the company to increase its elastomer business in China.
Tires, hoses, gaskets, adhesives, tubes, belts, and coatings are among the applications for which the majority of elastomers are employed in the automobile sector. The performance of the automotive sector as a whole is closely correlated with the use of elastomers in that sector. Because of their belief in the potential growth of the automobile industry in developing countries like China, India, and Japan, automakers are dedicated to innovation.
This report contains comprehensive information about the elastomers industry and the users of elastomers. It also includes details about various types of elastomers, processes associated with elastomers, and end-use industries that rely on elastomers.
The global elastomers market is segmented into the following categories:
Type (thermosets, and thermoplastics).
Process (injection molding, extrusion, adhesive, coating).
End-use Industries (automotive, industrial, medical, consumer goods, building and construction).
Region: North America, Europe, Asia-Pacific (APAC) and the Rest of the World (RoW).
The Report Includes
119 data tables and 38 additional tables
An overview of the global market for elastomers
Analyses of global market trends, with data from 2022, estimates for 2023, forecast for 2027, and projections of compound annual growth rates (CAGRs) through 2028
Evaluation of the current market size and revenue growth prospects specific to elastomers, accompanied by a comprehensive market share analysis categorized by product type, process, end-user industry, and geographical region
A look at the innovations, technological advancements, and the launch of novel products from market players
Detailed analysis of the regulatory framework and policies and product pipeline of the industry, and discussion on ESG challenges and ESG practices in the elastomer industry
Market share analysis of the key companies of the industry and coverage of their proprietary technologies, strategic alliances, and other key market strategies and a relevant patent analysis
Company profiles of the leading players in the industry:
Arkema
BASF
Covestro
Dow
Dupont
Evonik Industries
Huntsman International
Kuraray
Lanxess
LG Chem
Key Topics Covered:
Chapter 1 Executive Summary
Chapter 2 Market Overview
Regulatory Bodies in the Global Elastomers Market
Factors Affecting Choice of Elastomer
Importance of the Elastomers
Chapter 3 Market Dynamics
Drivers
Elastomer Products Replacing Conventional Material in a Variety of Applications
Growing Research and Development Activities in Silicone Elastomers
Restraints
Fluctuating Raw Material Prices
Opportunities
Growth Opportunities in Asian Markets
Opportunities for Sustainable Elastomer Products
Challenges
High Initial Infrastructure Cost
Environmental Regulations
Chapter 4 Emerging Technologies and Developments
Key Highlights
Trends
Development of New Thermosets and Thermoplastics Manufacturing Processes
Silicone Elastomers and their Applications
Chapter 5 Pricing Analysis
Chapter 6 Market Segmentation Analysis
Global Elastomers Markets by Type
Thermosets
Thermoplastics
Global Elastomers Markets by Process
Injection Molding
Extrusion
Adhesive
Coating
Other Processes
Global Elastomers Markets by End-Use Industries
Automotive
Industrial
Medical
Consumer Goods
Building and Construction
Other Industries
Chapter 7 Competitive Intelligence
Industry Structure
Global Elastomers Market: Market Share
Patent Analysis
Patent Analysis Based on Country of Origin
Patent Analysis Based on Year
Patent Analysis Based on Type
Patent Analysis Based on Patents Filed by Different Applicants
M&A Analysis
Chapter 8 Sustainability in Global Elastomers Markets: An ESG Perspective
ESG Ratings and Metrics: Understanding the Data
ESG Practices in the Global Elastomers Markets
Current Status of ESG in the Global Elastomers Market
Risk Scale, Exposure Scale and Management Scale
Future of ESG: Emerging Trends and Opportunities
Elastomers Manufacturing Advancement
Company Profiles
Arkema
BASF
Covestro
Dow
Dupont
Evonik Industries
Huntsman International
Kuraray
Lanxess
LG Chem
For more information about this report visit https://www.researchandmarkets.com/r/vpl7a9
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