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 |
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| Companies studied |
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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 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 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.
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