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Pulished Date April, 2021
ID: 10403
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North America 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 2026

Pulished: April, 2021
ID: 10403
Pages: 110

North America Elastomers Market is foreseen to register a considerable annual growth rate in the foreseen period between 2021and 2026.

Recent Developments in the North America Elastomers Market Industry:

  • Axion International, accompany based in Ohio, USA, has filed bankruptcy because of its failure to attract investors or external credit.
  • Purolite launched a new level in the innovation of the Elastomers market resin simulation platform. This is called the Purolite Resin System modeling platform.
  • ACM Technologies opened a new state-of-the-art Elastomers market resin 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 resins for regeneration and subsequent reuse improving the supply chain of the products.

North America Elastomers market - Impact of covid-19 pandemic

North America, especially the USA is badly plagued by coronavirus during the major parts of 2020. Amidst this, the USA has prepared them for the search for vaccines. 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 has led to delays in raw materials, interrupted financial flows, and a decrease in morale among production workers have encouraged aircraft and automobile manufacturers to function at zero capacities. This has led to a reduction in demand for elastomers, which is expected to recover from 2021 onwards.

Drivers and Restraints of North America 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 North America. Ease of handling non-utilized plastic material is also a driving factor in this region. PE-based elastomers are the highest contributor in the North American region, thus PE-based composites 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 which help in the growth of the local industry.

The elastomers market in North America is mainly affected by the fluctuations in the prices and easy availability of alternatives. The North American region is one of the largest markets of the Elastomers market, but the business is likely to shift more towards the Asia Pacific region with the easy availability of raw materials and cheap labor.

North American 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

The automotive industry has the largest share in the Elastomers market in terms of volume.

The transport industry also has a big share. This is because various industries have to comply with the corporate average fuel efficiency (CAFE) standards and minimize the Carbon di-Oxide emissions.

The packaging industry is also estimated to develop huge growth, which has proven to be an excellent growth opportunity for the elastomers industry.

The glass fiber market has the largest share in the market as compared to other categories. This is because they have low cost and superior properties.

North American Elastomers market Regional Analysis:

North America is one of the largest markets for the Elastomers thanks to the huge investments in the pharmaceutical sector. The USA has invested a lot in healthcare facilities. The rising importance of safe packaging has increased and plastics are becoming second choices to elastomers and bio-based composites. The chemical synthetics market has grown in the US and wood plastic elastomers became the highest remerging market.

Key players operating in the Elastomers market are

  1. Axion International Inc.
  2. Certainteed Corporation.
  3. Polymera Inc
  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

                6.2 North America                          

                                6.1.1 Introduction           

                                6.1.2 United States         

                                6.1.3 Canada     

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. NA Elastomers Market By Region, From 2021-2026 ( USD Billion )

  2. NA Elastomers Market By Type, From 2021-2026 ( USD Billion )

  3. NA Thermoset Market By Region, From 2021-2026 ( USD Billion )

  4. NA Natural Rubber Market By Region, From 2021-2026 ( USD Billion )

  5. NA Synthetic Rubber Market By Region, From 2021-2026 ( USD Billion )

  6. NA Thermoplastic Market By Region, From 2021-2026 ( USD Billion )

  7. NA PEBA Market By Region, From 2021-2026 ( USD Billion )

  8. NA SBC Market By Region, From 2021-2026 ( USD Billion )

  9. NA TPO Market By Region, From 2021-2026 ( USD Billion )

  10. NA TPU Market By Region, From 2021-2026 ( USD Billion )

  11. NA TPV Market By Region, From 2021-2026 ( USD Billion )

  12. NA Elastomers Market By Application, From 2021-2026 ( USD Billion )

  13. NA Automotive Market By Region, From 2021-2026 ( USD Billion )

  14. NA Consumer Goods Market By Region, From 2021-2026 ( USD Billion )

  15. NA Medical Market By Region, From 2021-2026 ( USD Billion )

  16. NA Industrial Market By Region, From 2021-2026 ( USD Billion )

 

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