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Pulished Date November, 2020
ID: 10384
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Europe Elastomers Market Segmentation By Type (Thermoset (Natural Rubber, Synthetic Rubber), and Thermoplastic (PEBA, SBC, TPO, TPU, TPV)), Application (Automotive, Consumer Goods, Medical, and Industrial) & By Region – Forecast to 2025

Pulished: November, 2020
ID: 10384
Pages: 115

The Europe Elastomers Market is anticipated to develop with a CAGR of about 5% over the foreseen period from 2020 to 2025.

Recent Developments in the Europe Elastomers Market Industry:

  • Toray is set to supply Carbon fiber composite material for the all-electric air vehicle of Lilium. The Munich based company will be able to deliver clean regional air mobility by 2025.
  • Hexcel supplies composite materials to every aircraft manufacturer in the world that includes honeycomb, carbon fiber, and engineered core.
  • CM Technologies opened a new state-of-the-art Elastomers market regeneration facility in Gardena, CA in the South Bay section of Los Angeles. This new plant enables customers on the west coast to send in their spent Elastomers market for regeneration and subsequent reuse improving the supply chain of the products.

Drivers and Restraints of Europe Elastomers Market

The stringent policies regarding the environment have made it difficult for plastics and opened doors for the growth of the Elastomers market in Europe. Ease of handling non-utilized plastic material is also a driving factor. PE-based Elastomers is the highest contributor in the European region, thus PE-based composited add to the overall growth of the industry.
The usage of Elastomers in aerospace, wind energy turbines is growing, and these options are often come cheap as compared to their counterparts that help in the growth of the industry. The demand for light-weight material is also increasing in Europe which allows growth opportunities for the European Elastomers market. Environmental concerns have also raised the production of carbon-based elastomers. The fluctuations in prices and availability of alternatives are mainly impeding the elastomers business in Europe.

Elastomers Market - Impact of covid-19 pandemic

Europe was the early hotspot for the virus in early 2020, and it had a severe impact on major European economies as most of them were shut. It has negatively affected the demand for Elastomers across various end-use industries such as aerospace & defense, automotive & transportation, wind energy, construction & infrastructure, and others. The disruption in the supply chain resulted in delays or non-arrival of raw materials, disrupted financial flows, and declining morale among production line workers have compelled aircraft and automobile manufacturers to operate at reduced capacities. This has led to a reduction in demand for Elastomers. However, the demand from the packaging industry increased in this period which led to more production of Elastomers. The market is expected to recover from 2021 onwards.

Europe Elastomers market has been segmented into the following categories:

On the basis of Type

1. Thermoset Elastomers

2. Thermoplastic Elastomers

On the basis of Application

  1. Automotive
  2. Consumer Goods
  3. Medical
  4. Industrial
  5. Electrical and Electronics

Thermosetting segment held a dominant market share of 71% and is likely to account for the major share of the regional market in the future.

The automotive industry witnessed huge growth in the local market, and this has proved to be offering an excellent growth opportunity for the Elastomers industry in Europe. The aerospace industry is emerging strongly in the European region triggering high demands for lightweight and rigid materials, where these elastomers come in handy as it solves both the problems at an affordable price. The automotive and transportation segment is also likely to dominate the regional market in the future with advantages such as fuel savings etc.

Europe Elastomers market Regional Analysis:

Europe is one of the largest markets for the Elastomers industry thanks to the huge investments in the pharmaceutical sector. The UK has invested a lot in healthcare facilities. Importance to safe packaging has increased and plastics are becoming second choices to the Elastomers and composite materials in Europe.

Germany has invested a lot in its automotive and wind energy industries, and this has led to an increase in demand for the Elastomers market. European regulations are forcing OEMs to reduce the emissions of CO2 by vehicles and further regulations are expected towards the fuel products in the coming years.

Key players operating in the global Elastomers market are,

  1. Toray Industries.
  2. Hexcel Corporations
  3. Solvay
  4. TimberTech Ltd.
  5. ResinTech Inc.,

 

1. Introduction                                 

                1.1 Market Definition                    

                1.2 Study Deliverables                  

                1.3 Base Currency, Base Year and Forecast Periods                          

                1.4 General Study Assumptions                

2. Research Methodology                                           

                2.1 Introduction                               

                2.2 Research Phases                      

                                2.2.1 Secondary Research           

                                2.2.2 Primary Research 

                                2.2.3 Econometric Modelling      

                                2.2.4 Expert Validation  

                2.3 Analysis Design                         

                2.4 Study Timeline                          

3. Overview                                       

                3.1 Executive Summary                

                3.2 Key Inferences                         

                3.3 Epidemology                              

4. Drivers, Restraints, Opportunities, and Challenges Analysis (DROC)                                    

                4.1 Market Drivers                          

                4.2 Market Restraints                    

                4.3 Key Challenges                         

                4.4 Current Opportunities in the Market                              

5. Market Segmentation                                              

                5.1 Type                              

                                5.1.1 Introduction           

                                5.1.2 Thermoset              

                                                5.1.2.1 Natural Rubber

                                                5.1.2.2 Synthetic Rubber

                                5.1.3 Thermoplastic        

                                                5.1.3.1 PEBA

                                                5.1.3.2 SBC

                                                5.1.3.3 TPO

                                                5.1.3.4 TPU

                                                5.1.3.5 TPV

                                5.1.4  Y-o-Y Growth Analysis, By Product              

                                5.1.5  Market Attractiveness Analysis, By Product            

                                5.1.6  Market Share Analysis, By Product              

                5.2 Application                 

                                5.2.1 Introduction           

                                5.2.2 Automotive            

                                5.2.3 Consumer Goods 

                                5.2.4 Medical    

                                5.2.5 Industrial 

                                5.2.6 Y-o-Y Growth Analysis, By Application         

                                5.2.7 Market Attractiveness Analysis, By Application       

                                5.2.8 Market Share Analysis, By Application        

6. Geographical Analysis                                              

                6.1 Introduction                               

                                6.1.1 Regional Trends    

                                6.1.2 Impact Analysis     

                                6.1.3 Y-o-Y Growth Analysis        

                                                6.1.3.1 By Geographical Area

                                                6.1.3.2 By Type

                                                6.1.3.3 By Application

                                6.1.4  Market Attractiveness Analysis     

                                                6.1.4.1 By Geographical Area

                                                6.1.4.2 By Type

                                                6.1.4.3 By Application

                                6.1.5  Market Share Analysis      

                                                6.1.5.1 By Geographical Area

                                                6.1.5.2 By Type

                                                6.1.5.3 By Application

                6.3 Europe                         

                                6.2.1 Introduction           

                                6.2.2 U.K             

                                6.2.3 Spain         

                                6.2.4 Germany 

                                6.2.5 Italy            

                                6.2.6 France       

7. Strategic Analysis                                       

                7.1 PESTLE analysis                         

                                7.1.1 Political     

                                7.1.2 Economic 

                                7.1.3 Social         

                                7.1.4 Technological         

                                7.1.5 Legal          

                                7.1.6 Environmental       

                7.2 Porter’s Five analysis                              

                                7.2.1 Bargaining Power of Suppliers        

                                7.2.2 Bargaining Power of Consumers    

                                7.2.3 Threat of New Entrants     

                                7.2.4 Threat of Substitute Products and Services              

                                7.2.5 Competitive Rivalry within the Industry     

8. Market Leaders' Analysis                                        

                8.1 Huntsman Corporation                          

                                8.1.1 Overview 

                                8.1.2 Product Analysis   

                                8.1.3 Financial analysis  

                                8.1.4 Recent Developments       

                                8.1.5 SWOT analysis       

                                8.1.6 Analyst View          

                8.2 Lanxess AG                 

                8.3 ExxonMobil Corporation                       

                8.4 JSR Corporation                        

                8.5 The Dow Chemical Company                              

                8.6 Zeon Corporation                    

                8.7 Kuraray Co. Ltd.                        

                8.8 BASF SE                        

                8.9 Evonik Industries                     

                8.10 Arkema S.A.                             

9. Competitive Landscape                                           

                9.1 Market share analysis                            

                9.2 Merger and Acquisition Analysis                       

                9.3 Agreements, collaborations and Joint Ventures                         

                9.4 New Product Launches                         

10. Market Outlook and Investment Opportunities                                         

Appendix                                           

                a) List of Tables                

                b) 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

  • Segment-level analysis in terms of by type,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 demographic, economics, and political, among other macro-environmental factors presented in an extensive PESTLE Analysis

  • Study the micro environment factors that determine the overall profitability of an Industry, using Porter’s five forces analysis for analysing 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. Europe Elastomers Market By Region, From 2020-2025 ( USD Billion )

  2. Europe Elastomers Market By Type, From 2020-2025 ( USD Billion )

  3. Europe Thermoset Market By Region, From 2020-2025 ( USD Billion )

  4. Europe Natural Rubber Market By Region, From 2020-2025 ( USD Billion )

  5. Europe Synthetic Rubber Market By Region, From 2020-2025 ( USD Billion )

  6. Europe Thermoplastic Market By Region, From 2020-2025 ( USD Billion )

  7. Europe PEBA Market By Region, From 2020-2025 ( USD Billion )

  8. Europe SBC Market By Region, From 2020-2025 ( USD Billion )

  9. Europe TPO Market By Region, From 2020-2025 ( USD Billion )

  10. Europe TPU Market By Region, From 2020-2025 ( USD Billion )

  11. Europe TPV Market By Region, From 2020-2025 ( USD Billion )

  12. Europe Elastomers Market By Application, From 2020-2025 ( USD Billion )

  13. Europe Automotive Market By Region, From 2020-2025 ( USD Billion )

  14. Europe Consumer Goods Market By Region, From 2020-2025 ( USD Billion )

  15. Europe Medical Market By Region, From 2020-2025 ( USD Billion )

  16. Europe Industrial Market By Region, From 2020-2025 ( USD Billion )

 

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