Market Overview

The Global Elastomers Market was valued at USD 96,795.3 million in 2023 and is expected to reach USD 140,846.0 million by 2031 while growing at a CAGR of 4.8% during the forecast period (2024-2031).

*Note: Graph is shown for illustrative purposes only; complete datasets will be provided in the full report

Market Dynamics

This section of the report will analyze various driving and restraining factors that are expected to have a significant impact on the global elastomers market growth. Elastomers, characterized by their elastic properties, can deform under stress and return to their original shape when the stress is removed. This elasticity renders elastomers valuable in applications requiring flexibility, resilience, and deformation recovery.

Increasing growth in the automotive industry and changing consumer preferences, along with adherence to environmental regulations, propels the expansion of the elastomers market. However, obstacles such as environmental concerns and fluctuating raw material prices may hinder further market growth.

Furthermore, the global elastomers industry will be analyzed through various tools including PESTLE analysis, and Porter’s analysis.

Segmentation – By Product Type Analysis

The Global Elastomers Market is segmented among Thermoset Elastomers, and Thermoplastic Elastomers, based on Product Type. In 2023, Thermoset Elastomers accounted for the majority of the market share*.

*Note: Graph is shown for illustrative purposes only; complete datasets will be provided in the full report

Segmentation – By Application Analysis

The Global Elastomers Market is segmented among Automotive, Sports, Electronics, Industrial, Adhesives, and Others, based on Application. In 2023, Automotive accounted for the majority of the market share*.

*Note: Graph is shown for illustrative purposes only; complete datasets will be provided in the full report

Global Elastomers Market: Regional Analysis

Based on region, the market is divided into six regions including North America, Europe, Asia Pacific, Latin America, Middle East, and Africa. In 2023, Asia Pacific dominated the market with the highest market share, while North America is expected to grow with the highest CAGR during the forecast period (2024 – 2031).

*Note: Graph is shown for illustrative purposes only; complete datasets will be provided in the full report

Competitive Landscape

Some of the key players operating in the market are Ace Elastomer, Avient Corporation, Arkema, BASF SE, Exxon Mobil Corporation, Covestro AG, DingZing Advanced Materials Inc., Dow, HEXPOL AB, and Huntsman International LLC.

Table of Contents:

1. Research Methodology and Market Scope

• Research Methodology

• Market Scope

2. Executive Summary

3. Global Elastomers Market Dynamics

• Drivers

• Restraints

• Opportunity

4. Global Elastomers Industry Analysis

• PEST Analysis

• Porter's Five Force Analysis

• Recent Deals Analysis

5. Global Elastomers Market Segmentation, By Product Type  

• Global Elastomers Market Share Analysis, By Product Type  

• Global Elastomers Market Growth Analysis, By Product Type  

• Global Elastomers Market Trends, By Product Type  

o Thermoset Elastomers

o Thermoplastic Elastomers

6. Global Elastomers Market Segmentation, By Application

• Global Elastomers Market Share Analysis, By Application

• Global Elastomers Market Growth Analysis, By Application

• Global Elastomers Market Trends, By Application

o Automotive

o Sports

o Electronics

o Industrial

o Adhesives

o Other

7. Global Elastomers Market Segmentation, By Region

• Global Elastomers Market Share Analysis, By Region

• Global Elastomers Market Growth Analysis, By Region

• Global Elastomers Market Trends, By Region

o North America

o Europe

o Asia Pacific

o Latin America

o Middle East

o Africa

8. Competitive Landscape

• Ace Elastomer*

o Company Overview

o Financial Performance

o Key Development/Strategies

o SWOT Analysis

• Avient Corporation

• Arkema

• BASF SE

• Exxon Mobil Corporation

• Covestro AG

• DingZing Advanced Materials Inc.

• Dow

• HEXPOL AB

• Huntsman International LLC

 *Similar analysis will be provided for each company listed above.