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Pulished Date April, 2021
ID: 8169
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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 2021 to 2026

Pulished: April, 2021
ID: 8169
Pages: 170

Automotive Elastomers Market Size, Trends & Growth (2021 - 2026)

Automotive Elastomers Market size was USD 77.15 Billion in 2021 and is expected to increase by USD 96.60 Billion by 2026 at the CAGR of about 4.6%. Rapid growth in industrialization in various economic countries as China and India and growing urbanization in the areas lead to the growth of the market.

Market Driver and Restraints:   

The increasing lightweight vehicles, stringent regulatory environment and rising demand in emerging nations. The properties 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 as 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 prompting the need for elastomers — increasing demand from the automotive industry and rising thermoplastic elastomer processing industry. The introduction of stringent emission norms and growing preferences toward high-efficiency automobiles boosts the market for automotive elastomers.

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

Recent Developments in the Automotive Elastomers Market:

Many new products and applications are manufactured by SABIC, Houston that provides its new metallocene-based polyolefin specialty elastomer and elastomer copolymer. The major result of this formation is happening in a joint venture with Korea's SK Global Chemical. This has made SABIC the newest entrant in any business in the field of plastic modification and film application.

Automotive Elastomers Market Segmentation:

  • By Type
  • By Application
  • By End-user

Market Growth Based on Segmentation:

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

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 the regions because of the superior properties and the growing automotive industry worldwide.

Automotive Elastomers Market Geographical Segmentation:

  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East and Africa

Market Regional Condition:

Geographically, the market can be segmented for automotive elastomers as North America, Europe, and South America, Middle-East & Africa, and Asia-Pacific region. India forms the Asia-Pacific region 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 contribute to the growth of automotive manufacturing contributes towards the growth of the market.

Competitor’s Analysis in the marketplace:

Dow Chemical Company is a leading producer of plastics, chemicals, hydrocarbons, and agrochemicals. Whereas, Dow makes performance plastics including engineering plastics, polyurethanes, and materials for Dow Automotive. Other products include packaging material as its Styrofoam brand insulation and films. The company manufactures chemicals like acrylic acid, commodity chemicals and agrochemicals.

Prominent Key Players mentioned in the Market:

  1. Arlanxeo (The Netherlands)
  2. Dow (US)
  3. ExxonMobil (US)
  4. JSR Corporation (Japan)
  5. DuPont (US)
  6. BASF (Germany)
  7. LG Chem (South Korea)
  8. SABIC (Saudi Arabia)
  9. Teknor Apex (US)
  10. Zeon Corporation (Japan)

Research key highlights:

  • This Automotive Elastomers Market report provides detailed information about the market in the upcoming forecast period 2021-2026, that 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.

1. Introduction                                 

                1.1 Market Definition                    

                1.2 Scope of the report                

                1.3 Study Assumptions                 

                1.4 Base Currency, Base Year and Forecast Periods                          

2. Research Methodology                                           

                2.1 Analysis Design                         

                2.2 Research Phases                      

                                2.2.1 Secondary Research           

                                2.2.2 Primary Research 

                                2.2.3 Data Modelling      

                                2.2.4 Expert Validation  

                2.3 Study Timeline                          

3. Report Overview                                        

                3.1 Executive Summary                

                3.2 Key Inferences                       

4. Market Dynamics                                       

                4.1 Impact Analysis                         

                                4.1.1 Drivers      

                                4.1.2 Restaints  

                                4.1.3 Opportunities        

                4.2 Regulatory Environment                       

                4.3 Technology Timeline & Recent Trends                            

5. Competitor Benchmarking Analysis                                    

                5.1 Key Player Benchmarking                     

                                5.1.1 Market share analysis        

                                5.1.2 Products/Service  

                                5.1.3 Regional Presence               

                5.2 Mergers & Acquistion Landscape                      

                5.3 Joint Ventures & Collaborations                        

6. Market Segmentation                                              

                6.1 Automotive Elastomers Market, By Type                     

                                6.1.1 Thermoset Elastomers       

                                       Natural Rubber

                                       Styrene Butadiene Rubber

                                       Polybutadiene Rubber

                                       Butyl Rubber

                                       Ethylene Propylene Diene Monomer

                                       Nitrile Butadiene Rubber

                                       Ssilicone Rubber

                                6.1.2 Thermoplastic Elastomer  

                                       Styrene Block Copolymer

                                       Thermoplastic Olefins, Thermoplastic Vulcanizates

                                       Thermoplastic Polyurethane

                                       Thermoplastic Polyester Elastomer


                6.2 Automotive Elastomers Market, By Application                        

                                6.2.1 Tire             

                                6.2.2 Interior     


                                       Hoses & seals

                                       Breaks & suspensions

                                       Door Panels

                                       Transmission & Conveyor Belts

                                       Dash Boards


                                       Instrument & Soft Touch Panels

                                6.2.3 Exterior    

                                       Front End Body Panel

                                       Bumper Fascia

                                       Rocker Panel

                                       Roof Molds & Window Shields

                6.3 Automotive Elastomers Market, By Vehicle Type                     

                                6.3.1 Passenger Cars      

                                6.3.2 Light Commercial Vehicles

                                6.3.3 Medium & Heavy Commercial Vehicles      

7. Geographical Landscape                                         

                7.1 Global Automotive Elastomers Market, by Region                    

                7.2 North America - Market Analysis (2018 - 2023)                            

                                7.2.1 By Country              



                                7.2.2 By Type    

                                7.2.3 By Application        

                                7.2.4 By Vehicle Type    

                7.3 Europe                         

                                7.3.1 By Country              






                                       Rest of Europe

                                7.3.2 By Type    

                                7.3.3 By Application        

                                7.3.4 By Vehicle Type    

                7.4 Asia Pacific                  

                                7.4.1 By Country              




                                       South Korea

                                       South East Asia

                                       Australia & NZ

                                       Rest of Asia-Pacific

                                7.4.2 By Type    

                                7.4.3 By Application        

                                7.4.4 By Vehicle Type    

                7.5 Latin America                             

                                7.5.1 By Country              




                                       Rest of Latin America

                                7.5.2 By Type    

                                7.5.3 By Application        

                                7.5.4 By Vehicle Type    

                7.6 Middle East and Africa                           

                                7.6.1 By Country              

                                       Middle East


                                7.6.2 By Type    

                                7.6.3 By Application        

                                7.6.4 By Vehicle Type    

8. Key Player Analysis                                    

                8.1 Arlanxeo                      

                                8.1.1 Business Description           

                                8.1.2 Products/Service  

                                8.1.3 Financials 

                                8.1.4 SWOT Analysis       

                                8.1.5 Recent Developments       

                                8.1.6 Analyst Overview 

                8.2 Dow                               

                8.3 ExxonMobil                

                8.4 JSR Corporation                        

                8.5 DuPont                         

                8.6 BASF                              

                8.7 LG Chem                      

                8.8 SABIC                            

                8.9 Teknor Apex                              

                8.10 Zeon Corporation                  

9. Market Outlook & Investment Opportunities                                


                List of Tables                     

                List of Figures                   

  • Global, regional and country-level analysis and forecasts of the study market; providing Insights on the major countries/regions in which this industry is blooming and to also identify the regions that are still untapped
  • The segment-level analysis in terms of and type, and by Application along with market size forecasts and estimations to detect key areas of industry growth in detail
  • Identification of key drivers, restraints, opportunities, and challenges (DROC) in the market and their impact on shifting market dynamics
  • Study of the effect of exogenous and endogenous factors that affect the global market; which includes broadly demographics, economics, and political, among other macro-environmental factors presented in an extensive PESTLE Analysis
  • Study the microenvironment factors that determine the overall profitability of an Industry, using Porter’s five forces analysis for analyzing the level of competition and business strategy development
  • A comprehensive list of key market players along with their product portfolio, current strategic interests, key financial information, legal issues, SWOT analysis and analyst overview to study and sustain the market environment
  • Competitive landscape analysis listing out the mergers, acquisitions, collaborations in the field along with new product launches, comparative financial studies and recent developments in the market by the major companies
  • An executive summary, abridging the entire report in such a way that decision-making personnel can rapidly become acquainted with background information, concise analysis, and main conclusions
  • Expertly devised analyst overview along with Investment opportunities to provide both individuals and organizations a strong financial foothold in the market
  1. Global Automotive Elastomers Market By Region, From 2021-2026 ( USD Billion )
  2. Global Automotive Elastomers Market By Type, From 2021-2026 ( USD Billion )
  3. Global Thermoset Elastomer Market By Region, From 2021-2026 ( USD Billion )
  4. Global Thermoplastic Elastomer Market By Region, From 2021-2026 ( USD Billion )
  5. Global Automotive Elastomers Market By Application, From 2021-2026 ( USD Billion )
  6. Global Tire Market By Region, From 2021-2026 ( USD Billion )
  7. Global Interior Market By Region, From 2021-2026 ( USD Billion )
  8. Global Exterior Market By Region, From 2021-2026 ( USD Billion )
  9. Global Automotive Elastomers Market By Vehicle Type, From 2021-2026 ( USD Billion )
  10. Global Passenger Cars Market By Region, From 2021-2026 ( USD Billion )
  11. Global Light Commercial Vehicles Market By Region, From 2021-2026 ( USD Billion )
  12. Global Medium & Heavy Commercial Vehicles Market By Region, From 2021-2026 ( USD Billion )
  13. Global Automotive Elastomers Market By Region, From 2021-2026 ( USD Billion )

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