Automotive Elastomers Market Analysis – By Type (Thermoset Elastomers (TSE) (Natural Rubber, Styrene Butadiene Rubber, Polybutadiene Rubber, Butyl Rubber, Ethylene Propylene Diene Monomer, Nitrile Butadiene Rubber, Silicone Rubber), Thermoplastic Elastomers (Styrene Block Copolymer, Thermoplastic Olefins, Thermoplastic Vulcanizates, Thermoplastic Polyurethane, Thermoplastic Polyester Elastomers, Copolyesters)), By Application (Tire, Interior (Airbags, Hoses & Seals, Breaks & Suspensions, Door Panels, Transmission & Conveyor Belts, Dash Boards, Seatings, Instrument & Soft Touch Panels), By Exterior (Front End Body Panel, Bumper Fascia, Rocker Panel and Roof Molds & Window Shields), By Vehicle Type, (Passenger Cars, Light Commercial Vehicles (LCV), Medium & Heavy Commercial Vehicles (M/HCV)) and By Region- Global Industry Analysis Size, Share, Growth, Demand Forecast Analysis (2024 to 2029)

Updated On: June, 2024

ID: 8169

Pages: 175

Automotive Elastomers Market Size (2024 to 2029)

The automotive elastomers market size was USD 84.41 Billion in 2024 and is expected to increase by USD 105.70 Billion by 2029 at a CAGR of about 4.6%.

Market Drivers and Restraints

The increasing number of lightweight vehicles, stringent regulatory environment, and rising demand in emerging nations. The properties such as deficient intermolecular strength, low modulus of elasticity, and high strain of failure when compared to other materials propel the Automotive Elastomers Market growth. There are two significant elastomers currently in use these days synthetic and thermoplastic. Automotive elastomers are used in the manufacture of components that withstand extreme temperatures as insulators, seals, bushes, engine mounts, hoses, and gaskets. The automotive industry grows at a decent pace, as the production of automobiles has increased to fulfill the demand of a growing population with rising income levels. Increasing passenger and commercial vehicle demand and applications for sealants, adhesives, and flexible molded parts for industries other than automotive as consumer goods, sports, and building and construction fuels the supply chain of manufacturers.

The rising expendable incomes of consumers and high living standards push growth for better cars and prompt the need for elastomers — increasing demand from the automotive industry and the rising thermoplastic elastomer processing industry. The introduction of stringent emission norms and growing preferences toward high-efficiency automobiles boost the market for automotive elastomers.

High constantly changing prices of raw materials and high cost of production of high-temperature elastomers tend to restrain the market of automotive elastomers market.

REPORT COVERAGE

REPORT METRIC	DETAILS
Market Size Available	2023-2029
Base Year	2023
Forecast Period	2024-2029
CAGR	4.6%
Segments Covered	By Type By Application By End-user
Various Analyses Covered	Global, Regional & Country Level Analysis, Segment-Level Analysis, DROC, PESTLE Analysis, Porter’s Five Forces Analysis, Competitive Landscape, Analyst Overview on Investment Opportunities
Regions Covered	North America Europe Asia Pacific Latin America Middle East & Africa
Market Leaders Profiled	Arlanxeo (The Netherlands), Dow (US), ExxonMobil (US), JSR Corporation (Japan), DuPont (US), BASF (Germany), LG Chem (South Korea), SABIC (Saudi Arabia), Teknor Apex (US), Zeon Corporation (Japan).

SEGMENTAL ANALYSIS

Automotive Elastomers Market Analysis Type

The segment has multiple forms as natural rubbers, butyl elastomers, butadiene elastomers, ethylene-propylene elastomers, polyisoprene elastomers, nitrile elastomers, silicones, polychloroprene elastomers, acrylic elastomers, fluoroelastomers, styrene block copolymers, thermoplastic polyolefins, thermoplastic polyurethanes, thermoplastic vulcanizates, thermoplastic copolyesters, and thermoplastic polyether block amides.

Automotive Elastomers Market Analysis By Application

The application segments have formed as tire and non-tire. Tire application is projected to lead the market for automotive elastomers. The various forms of automotive elastomers are NR, SR that has further sub-segments as SBR, IIR, BR, CR, NBR, ACM, EPDM, IR, Silicone, and fluoro-elastomer and TPE (SBC, TPU, TPO, TPV, TPC, and PEBA). The demand for general-purpose NR is valued high in all regions because of the superior properties and the growing automotive industry worldwide

REGIONAL ANALYSIS

India forms the Asia-Pacific region and tends to provide high values for the market as the demand for automobiles is rising at a fast pace. The availability of cheap labor and other resources contributes to the growth of automotive manufacturing contributes toward the growth of the market.

KEY PLAYERS IN THE GLOBAL AUTOMOTIVE ELASTOMERS MARKET

The global automotive elastomers market is concentrated with well-established players. Key players in the market include Arlanxeo (The Netherlands), Dow (US), ExxonMobil (US), JSR Corporation (Japan), DuPont (US), BASF (Germany), LG Chem (South Korea), SABIC (Saudi Arabia), Teknor Apex (US) and Zeon Corporation (Japan)

RECENT HAPPENINGS IN THE MARKET

This Automotive Elastomers Market report provides detailed information about the market in the upcoming forecast period 2022 - 2027, how major key market players are facing different challenges and keeping up their pace in pulling up the market sector.
This report description provides a rough estimate of what the complete report contains and the final report can be customized according to the client's needs and specifications.
The report is of potential use for manufacturers of automotive elastomer material, original equipment manufacturers, automotive and transportation manufacturers, traders, distributors, and suppliers of automotive elastomers.