Global Elastomers Market is Estimated to Reach $45 Thousand Kilotons by 2025
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Global Elastomers Market report published by Accurize Market Research forecast that the global market is expected to reach $45 thousand kilotons by 2025; growing at a CAGR of 4.2% from 2017 to 2025. By geography, the Asia Pacific and North America are expected to grow at a CAGR of XX% and XX%, respectively, during the forecast period.
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Rapidly growing
automotive industry and the upsurge in use of elastomers in automotive
applications to drive the growth of the market
The rapidly growing
automotive industry, upsurge in the use of elastomers in automotive and other
applications and increasing investments on developing new products fuel the
demand for the global elastomers market. Furthermore, the growing use of
elastomers as additives in industries such as electronics, consumer goods, and
healthcare also boosts the growth of the market.
Market Segmentation
The global elastomers
market has been bifurcated on the basis of polymer type, application, and
geography. The polymer type segment is segmented as thermoplastic elastomers
and thermoset elastomers. The application segment includes tires &
automotive and others. By geography, the market is segmented into North
America, Europe, Asia-Pacific and Rest of the World (RoW).
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Top players in the
market
The key market players include Arkema S.A., Basf Se, Celanese Corp., Chase Corp., China Petroleum & Chemical Corporation, Cnpc, Covestro Ag, Denka, Dow Chemical Co., Dupont, Evonik Industries, ExxonMobil and Goodyear Tire & Rubber Co. among others.
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