Report Highlights
The global market for elastomers is expected to grow from $105.0 billion in 2023 and projected to reach $153.5 billion by the end of 2028, at a compound annual growth rate (CAGR) of 7.9% during the forecast period of 2023 to 2028.
Report Includes
- 119 data tables and 38 additional tables
- An overview of the global market for elastomers
- Analyses of global market trends, with data from 2022, estimates for 2023, a forecast for 2027, and projected compound annual growth rates (CAGRs) through 2028
- Evaluation of the current market size and revenue growth prospects for elastomers, with a market share analysis by product type, process, end user and geographical region
- A look at the innovations, technological advances, and product launches
- Analysis of the industry’s regulatory framework and policies, and product pipeline
- A discussion of ESG challenges and ESG practices in the elastomer industry
- A market share analysis of the key companies of the industry and coverage of their proprietary technologies, strategic alliances, and other strategies
- An analysis of key patents
- Profiles of the leading players
Report Scope
This report contains comprehensive information about the elastomers industry and the users of elastomers. It also includes details about various types of elastomers, processes associated with elastomers and end-use industries that rely on elastomers. Estimated market values are based on manufacturers’ total revenues. Projected revenue values are in constant U.S. dollars that have not been adjusted for inflation.
The global elastomers markets is segmented into the following categories:
- Type (thermosets, and thermoplastics).
- Process (injection molding, extrusion, adhesive, coating).
- End-use Industries (automotive, industrial, medical, consumer goods, building and construction).
- Region: North America, Europe, Asia-Pacific (APAC) and the Rest of the World (RoW).
Report Synopsis
Report Metrics | Details | ||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|
Base year considered | 2022 | ||||||||||
Forecast period considered | 2023-2028 | ||||||||||
Base year market size | $97.6 billion | ||||||||||
Market size forecast | $153.5 billion | ||||||||||
Growth rate | CAGR of 7.9% from 2023 to 2028 | ||||||||||
Units considered | $ Millions (Revenue) and Thousand Metric Tons (Market Volume) | ||||||||||
Segments covered | By Type, Process, End-use Industry, and Geographic Region | ||||||||||
Regions covered | North America, Asia-Pacific, Europe and the Rest of the World (RoW) | ||||||||||
Key Market Drivers |
|
||||||||||
Companies studied |
|
Frequently Asked Questions (FAQs)
- Replacement of conventional material by elastomer products in a variety of applications.
- Growing research and development activities in silicone elastomers.
Analyst Credentials
BCC Research Team possesses expertise and experience in life and physical science domains. They specialize in offering valuable business insights, including industry analysis, competitor intelligence, strategic and financial analysis, and opportunity assessment. The team has in-depth knowledge of various sectors, including healthcare, biotechnology, pharmaceuticals, IT, automation, advanced materials, and energy. They are proficient in qualitative and quantitative market intelligence providing clients with actionable insights. With a vast understanding of the competitive landscape, the team can support clients in making data-driven decisions to help them achieve a competitive edge in their respective markets.
Report Highlights
The global elastomers market should grow from $82.7 billion in 2019 to $100.7 billion by 2024 at a compound annual growth rate (CAGR) of 4.0% for the period of 2019-2024.
Report Includes
- 173 tables
- An overview of the global market for the elastomers and their applications across different industry verticals
- Analyses of global market trends with data from 2018, estimates for 2019, and projections of compound annual growth rates (CAGRs) through 2024
- Comprehend opportunities and highlights of this innovation-driven elastomers market and the major regions and countries involved in market developments
- Key trends related to the global market and the various product types and end-use applications that will influence the industry
- Examination of the competitive landscape for market leaders, their product portfolios and growth strategies
- Company profiles of key players active in the global market, including Ashland, CNPC, DuPont, Goodyear Tire & Rubber Co., and Michelin
Report Highlights
The global market volume for elastomers should grow from 34.7 thousand kilotons in 2018 to reach 42.3 thousand kilotons by 2023 at a compound annual growth rate (CAGR) of 4.1% for the period of 2018-2023.
Report Includes
- 50 tables
- An overview of the global market for the elastomers and their applications in different industry vertical
- Analyses of global market trends with data from 2017, estimates for 2018, and projections of compound annual growth rates (CAGRs) through 2023
- Characterization and quantification of global elastomers market by product type, end user, application industry and geographical region
- Coverage of all major elastomers type such as Isoprene & Polyisoprene Rubber (IR), Butadiene & Polybutadiene Rubber (BR), Styrene-Butadiene Rubber (SBR), Nitrile, Nitrile-Butadiene, Acrylonitrile Rubber (NBR), Styrene-Thermoplastic-Elastomers (TPE-S), Thermoplastic Urethane Elastomers, Thermoplastic Polyester Elastomers and others
- Regional dynamics of atrial fibrillation for level covering North America, Europe, Asia-Pacific and Other emerging markets
- Detailed analysis of major drivers, restraints, opportunities and trends in the global elastomers market
- Discussion of the major players across each regional market, including Basf SE, Celanese Corp., Dow Chemical Co., Dupont and Evonik Industries
Report Highlights
The global elastomer market totaled nearly 31.4 million metric tons in 2013 and 32.5 million metric tons in 2014. The market is expected to grow to nearly 39 million metric tons by 2019, with a compound annual growth rate (CAGR) of 3.7% from 2014 to 2019.
Report Includes
- An overview of the global markets, applications, and related technologies for elastomers.
- Analyses of global market trends, with data from 2013 and 2014, and projections of compound annual growth rates (CAGRs) through 2019.
- Information on applications for elastomers including building/construction, automotive, appliances, electronics, and medical.
- Coverage of important elastomer manufacturing technologies.
- Evaluation of price and performance trends.
- A look at the market's key dynamics including growth drivers, inhibitors, and restraints.
- Information on leading companies in the elastomer industry.
Related Reports
Thermoplastics Prepreg: Global Market
The global market for thermoplastic prepreg is estimated to increase from $2.4 billion in 2021 to $3.5 billion by 2026, at a compound annual growth rate (CAGR) of 7.5% during the forecast period of 2021-2026.
Global Market for Plastics Compounding
The global market volume for plastic compounding should grow from 475.9 billion pounds in 2021 to 540.4 billion pounds by 2026 with a compound annual growth rate (CAGR) of 2.6% for the period of 2021-2026.
Global Markets and Technologies for Bioplastics
The global bioplastics market volume should reach 3.3 million metric tons by 2026 from 2.2 million metric tons in 2021 at a compound annual growth rate (CAGR) of 8.3% for the forecast period of 2021 to 2026.
Wire and Cable Polymers: Global Markets to 2023
Global market volume for wire and cable polymers reached $9.0 billion in 2018 and should reach $11.4 billion by 2023, at a compound annual growth rate (CAGR) of 4.8% for the period of 2018-2023.
Recent Reports
Global Crop Protection Chemicals Market
The global market for crop protection chemicals is expected to grow from $87.6 billion in 2023 to $114.7 billion by the end of 2028, at a compound annual growth rate (CAGR) of 5.5% from 2023 to 2028.
Molecular Farming: Global Markets
The global market for molecular farming is expected to grow from $454.1 million in 2023 and projected to reach $916.3 million by the end of 2028, at a CAGR of 15.1% during the forecast period of 2023 to 2028.
Hydrotreated Vegetable Oil Market
This report identifies the most significant source and application for hydrotreated vegetable oil (HVO). The study gives an overview of the various trends, applications, and feedstocks related to HVO. It provides comprehensive and the latest market estimates of the HVO market. This report explores current and future strategies, ESG factors, and emerging trends within the market. This will help investors and industry participants understand the market and compete successfully in the market.
Elastomers: Applications and Global Markets
The global market for elastomers is expected to grow from $105.0 billion in 2023 and projected to reach $153.5 billion by the end of 2028, at a compound annual growth rate (CAGR) of 7.9% during the forecast period of 2023 to 2028.
Smart Polymers
The global market for smart polymers is expected to increase from $23.8 billion in 2023 to $54.5 billion by the end of 2028, with a compound annual growth rate (CAGR) of 18.0% during the forecast period of 2023-2028.
Top Trending Reports
ESG Trends in Chemical Industry
This report focuses on the ESG trends in the chemical industry and evaluates the ESG implementation including current and future potential. The report utilizes various databases, including sustainability reports, annual reports, and other indicators used to develop the current market. The study provides detailed information on the main factors influencing ESG growth in the chemical industry. It enables the reader to understand the industry in general while also providing insight into the inter-relationship between ESG and the sustainable chemical industry. The report describes market growth, developing trends, industry leaders, and applications of ESG implementation in the chemical industry.
Digital Pathology: Technologies and Global Markets
The global digital pathology market is estimated to increase from $5.9 billion in 2022 to reach $10.7 billion by 2027, at a compound annual growth rate (CAGR) of 12.5% from 2022 through 2027.
Digital Therapeutics: A New Age Medicine
The goal of this report is to understand the current digital therapeutics scenario and to assess the market’s growth potential. This study explores market dynamics that impact the growth of the market. The main objective of the study is to present a comprehensive analysis of the current market and the future direction of the market.
AI in Mental Health: Global Market Outlook
The report provides an overview of the global AI in mental health market and analyzes market trends. Using 2021 as the base year, the report provides estimated market data for the forecast period, 2022-2027. Revenue forecasts for this period are segmented based on organization size, component, provider, type, industry, and geography. It also highlights major trends and challenges that affect the market and the vendor landscape.
Smart Waste Management Systems: Global Markets
The global smart waste management systems market should reach $451.5 billion by 2022 and $675.3 billion by 2027, with a compound annual growth rate (CAGR) of 8.4% during the forecast period of 2022-2027.
Become A Member
BCC Research offers a comprehensive library of reports, granting members unlimited access to data, insights, and market intelligence for informed business decisions, while actively supporting members in their evolving journeys and prioritizing high-quality, relevant topics based on continuous engagement with the research community.
Find Out MoreCustom Consulting
BCC Research emphasizes the importance of organizations leveraging highly customized market insights aligned with specific strategic business objectives through direct engagement with primary sources and proprietary forecasting models for profitable decision-making in maximizing growth opportunities and minimizing risks.
Customize NowScorecard
The Venture Scorecard provides commercialization offices and decision makers with expert analysis, offering strategic insights crucial for aligning objectives with market realities at various stages of commercializing new products or evaluating investment opportunities, from opportunity assessment to growth planning.
Find Out MoreInnovation Spotlight
Our industry experts offer strategic guidance to maximize the market potential of commercialized products, patents, and IP by providing insights into market trends, competitive dynamics, and effective positioning, using the Innovation Spotlight service for enhanced exposure to thought leaders and the wider community.
Find Out More