What is Elastomers Market Scope?
The growing automotive industry worldwide will help to boost global Elastomers market in the forecasted period. A polymer with both viscous and elastic properties is known as an elastomer. Elastomer, any rubbery material composed of long chainlike molecules, or polymers, that are capable of recovering their original shape after being stretched to great extents. The elastomers is generally used in seals, moulded flexible parts and adhesives and used in vehicle manufacturing, food production, scientific applications and chemical processes.
Influencing Trend:
Increasing Technological Advancements in Manufacturing Elastomers and Escalating Demand for Elastomers with Variable Viscocity
Market Growth Drivers:
Rising Adoption of Elastomers due to Recycling Properties and Upsurging Applications of Elastomers in Automotive Sector Due to Better Durability
Challenges:
Several Manufacturing Mandates related to Elastomers and Numerous Environmental Concerns Associated with Elastomers might Stagnate the Demand
Restraints:
Use of Lead Oxide in Manufacturing might cause Toxic Effects and Elastomers Posses Unpleasant Rubbery Smell which might Stagnate the Demand for
Opportunities:
Growing Adoption of Elastomers in Medicinal Applications and Increasing Awareness about Elastomers and their Stability
The Elastomers market study is being classified by Type (SBR (Styrene Block Copolymers), IIR (Butyl Elastomer), NBR (Nitrile Elastomer), ACM (Acrylic Elastomer), EPM (Ethylene-propylene Elastomer), PEBA (Thermoplastic polyether block amides), SBC (Styrene block copolymers), TPO (Thermoplastic Polyolefin), TPU (Thermoplastic Polyurethanes) and TPV (Thermoplastic Vulcanizates)), by Application and major geographies with country level break-up.
Analysts at AMA predicts that Vendors from European will contribute to the maximum growth of Global Elastomers market throughout the predicted period.
BASF SE (Germany), Dow Chemical Company (United States), JSR Corporation (Japan), Lanxess Aktiengesellschaft (Germany), Zeon Corporation (Japan), Kuraray Co. Ltd. (Japan), Covestro AG (Germany), Nizhnekamskneftekhim (NKNK) (Germany), Teknor Apex Company (United States) and Mitsui Chemicals (Japan) are some of the key players profiled in the study. Additionally, the Vendors which are also part of the research are Chemtura Corporation (United States), Akzonobel N.V. (Netherlands), Bayer AG (Germany), Exxon Mobil Corporation (United States) and LyondellBasell Industries N.V. (Netherlands).
Segmentation Analysis
Analyst at AMA have segmented the market study of Global Elastomers market by Type, Application and Region.
On the basis of geography, the market of Elastomers has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico).
On August 14, 2019, BASF, Solvay and Domo Chemicals signed an agreement on the acquisition of Solvay’s polyamide business. It will help companies further expand its position as a global supplier of engineering plastics, BASF signed an agreement with Solvay in September 2017 on the acquisition of Solvay’s integrated polyamide business. In January 2019, the EU Commission approved the acquisition subject to certain conditions, including the divestiture of Solvay’s polyamide 6.6 production facilities in Europe.
Key Target Audience
Elastomers Manufacturers, Elastomers Distributors and Suppliers, Research and Development Institutes, Upstream and Downstream Buyers, Government Agencies, Chemical Industry Associations and Others
Elastomers Market Study: Important Years
Attributes | Details |
---|
Study Period | 2018-2028 |
Base Year | 2022 |
Forecast Period | 2023-2028 |
Historical Period | 2018-2022 |
Unit | Value (USD Million) |
Customization Scope | Avail customization with purchase of this report. Add or modify country, region & or narrow down segments in the final scope subject to feasibility |
Major Highlights of Market Study
Demand Determinants: Identifying top-notch application and business segments that seek high growth potentials in Elastomers Market.
Key Strategic Developments: To target untapped regions more aggressively by focusing on product/service developments, innovation and R & D, new launches, Merger & acquisitions, JVs & partnerships.
Forces & Market Dynamics: Growth drivers, restraints & opportunities available in Elastomers industry is examined with reference relevant market sectors and sub-sectors.
Customization available in this Study:
The Study can be customized to meet your requirements. Please connect with our representative, who will ensure you get a report that suits your needs.
To compete effectively, companies also require quantitative estimates of the future growth and qualitative nature of the market. AMA Research features not just specific market sizing estimates, but also includes significant value-added commentary on Technological Trends and Innovations, Regulatory Policies, Market Maturity Indicators, Market Share Movements, New Entrants into the Market & Entry/Exit Barriers, Consumer Demographics, Supporting Company Financial and Cash Flow Planning, Open Up New Markets, To Seize Powerful Market Opportunities, Key Decision in Planning and to Further Expand Market Share, Identify Key Business Segments, Market Proposition & Gap Analysis.