Global Automotive Elastomers Market Growth 2023-2029

Global Automotive Elastomers Market Growth 2023-2029

Elastomers are unstructured polymers prevailing beyond their glass transition temperatures such that significant motion is possible. Elastomers have very low intermolecular strength, low modulus of elasticity, and high strain of failure as compared to other materials. Carbon, hydrogen, oxygen and silicon monomers link to form the polymer, which eventually forms elastomers. There are two major elastomers used in automotive applications: synthetic and thermoplastic. Automotive elastomers are used in the production of components that need to withstand extreme temperatures such as hoses, insulators, seals, bushes, engine mounts, and gaskets.

LPI (LP Information)' newest research report, the “Automotive Elastomers Industry Forecast” looks at past sales and reviews total world Automotive Elastomers sales in 2022, providing a comprehensive analysis by region and market sector of projected Automotive Elastomers sales for 2023 through 2029. With Automotive Elastomers sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Automotive Elastomers industry.

This Insight Report provides a comprehensive analysis of the global Automotive Elastomers landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Automotive Elastomers portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms' unique position in an accelerating global Automotive Elastomers market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Automotive Elastomers and breaks down the forecast by type, by application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Automotive Elastomers.

The global Automotive Elastomers market size is projected to grow from US$ 41030 million in 2022 to US$ 50140 million in 2029; it is expected to grow at a CAGR of 50140 from 2023 to 2029.

The tire application is projected to lead the automotive elastomers market during the forecast period. Because of the implementation of stringent environmental regulations regarding emission levels, vehicle design has been changing drastically over the past few decades.

This report presents a comprehensive overview, market shares, and growth opportunities of Automotive Elastomers market by product type, application, key manufacturers and key regions and countries.

Market Segmentation:

Segmentation by type
Synthetic Automotive Elastomers
Thermoplastic Automotive Elastomers

Segmentation by application
Tire
Non-tire

This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries

The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.
DowDupont
Exxonmobil
JSR
BASF
LG Chem
Sabic
Teknor Apex
Zeon
LANXESS
3M
Huntsman
LyondellBasell
Sinopec
Kraton Performance Polymers Inc
Asahi Kasei

Key Questions Addressed in this Report

What is the 10-year outlook for the global Automotive Elastomers market?

What factors are driving Automotive Elastomers market growth, globally and by region?

Which technologies are poised for the fastest growth by market and region?

How do Automotive Elastomers market opportunities vary by end market size?

How does Automotive Elastomers break out type, application?

What are the influences of COVID-19 and Russia-Ukraine war?

Please note: The report will take approximately 2 business days to prepare and deliver.