Elastomers Market

The report "Elastomers Market by Type (Thermoset (Natural Rubber, Synthetic Rubber (SBR, IIR, PBR, NBR, ACM, EPM)), and Thermoplastic (PEBA, SBC, TPO, TPU, TPV)), Application (Automotive, Consumer Goods, Medical, and Industrial) - Global Forecast to 2021", The market size of elastomers is estimated to grow from USD 73.93 Billion in 2016 to USD 92.36 Billion by 2021, at a CAGR of 4.6% from 2016 to 2021.

Browse 74 market data tables and 43 figures spread through 141 pages and in-depth TOC on “Elastomers Market by Type (Thermoset (Natural Rubber, Synthetic Rubber (SBR, IIR, PBR, NBR, ACM, EPM)), and Thermoplastic (PEBA, SBC, TPO, TPU, TPV)), Application (Automotive, Consumer Goods, Medical, and Industrial) - Global Forecast to 2021"
https://www.marketsandmarkets.com/Market-Reports/elastomers-market-48929183.html
Early buyers will receive 10% customization on reports.

The market growth of the market is fueled by the growing demand for elastomers from the medical industry owing to its unique properties, such as fungus resistance, low-temperature flexibility, tensile strength, acid/base resistance, fluid resistance, excellent hydrolytic stability, easy sterilization, and excellent translucency. These properties make elastomers suitable for various end-use industries, including automobile, medical, and consumer goods.

Asia-Pacific: The Largest Market for Elastomers

Asia-Pacific is estimated to be the largest market for elastomers. The U.S. is estimated to be the largest market for elastomers in North America. The increasing demand for high-quality consumer goods and industrial products and growing end-use industries have led to innovation and new product developments in the region, thus driving the growth of the elastomers market. The rising investments in the healthcare sector are expected to further boost the growth of the elastomers market in North America.

Automotive segment: estimated to lead the elastomers market

Elastomers are used in various applications, such as automotive, medical, consumer goods, industrial, and others. The automotive application segment is estimated to lead the elastomers market in terms of value as well as volume, followed by the consumer goods and medical segments in 2016. The demand of elastomers in the automotive industry is primarily driven by its excellent physical properties, such as whetherability, impact resistance, elasticity, softness, flexibility, superior optics, high heat resistance, thermal stability, and adhesive properties.

Natural Rubber: widely used type of elastomers

The natural rubber segment is expected to lead the elastomers market. Natural rubber is primarily used in the automotive industry, especially in the manufacturing of tires. Natural rubber possesses several physical properties, such as high tensile strength, excellent adhesion to metals, and excellent abrasion and tear resistance. It is used to manufacture components, including shock mounts, vibration isolators, gaskets, seals, rolls, and hoses & tubing.

The major players in elastomer market are BASF SE (Germany), The Dow Chemical Company (U.S.), JSR Corporation (Japan), E. I. du Pont de Nemours and Company (U.S.), Lanxess AG (Germany), Zeon Corporation (Japan), Kuraray Co. Ltd. (Japan), Covestro AG (Germany), Nizhnekamskneftekhim PJSC (Russia), and Teknor Apex Company (U.S.).

About MarketsandMarkets

MarketsandMarkets is the largest market research firm worldwide in terms of annually published premium market research reports. Serving 1700 global fortune enterprises with more than 1200 premium studies in a year, M&M is catering to a multitude of clients across 8 different industrial verticals. We specialize in consulting assignments and business research across high growth markets, cutting edge technologies and newer applications. Our 850 fulltime analyst and SMEs at MarketsandMarkets are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors.

M&M’s flagship competitive intelligence and market research platform, "RT" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets. The new included chapters on Methodology and Benchmarking presented with high quality analytical infographics in our reports gives complete visibility of how the numbers have been arrived and defend the accuracy of the numbers.

We at MarketsandMarkets are inspired to help our clients grow by providing apt business insight with our huge market intelligence repository.

Contact:
Mr. Rohan
Markets and Markets
UNIT no 802, Tower no. 7, SEZ
Magarpatta city, Hadapsar
Pune, Maharashtra 411013, India
1-888-600-6441
Email: [email protected]