Elastomers Market size of elastomers is estimated to reach USD 92.36 billion by 2030, at a CAGR of 4.6% from 2022 to 2030, in terms of value.
The lengthy molecules that make up an elastomeric substance are typically coiled erratically. But when force is applied, the molecules align themselves in the force’s direction. The molecules spontaneously return to their initial compact, random structure after being liberated. Due to its resistance to ozone, grease, and oils as well as its high impact strength and resilience, elastomer is frequently utilized in the automobile industry. The need for elastomers in the heating, ventilation, and air conditioning (HVAC) business is expected to increase, as will the demand for adhesives, tubes, and coatings in the construction industry.
In 2020, COVID-19 had a negative effect on the market. The demand for elastomers used in the production of automotive and construction materials like tires, gaskets, plastics, tubes, adhesives, coatings, belts, and hoses, among others, has decreased as a result of the decline of the automotive industry and the temporary suspension of construction and automotive manufacturing activities in several countries as a result of government-imposed lockdowns.
Thermoset Elastomer: Due to their great mechanical strength and durability, this category held the largest market share in 2018. Consequently, are frequently employed in the production of tires, exterior components, and various under-the-hood components in the automotive sector. Due to its higher strength and abrasion resistance than natural alternatives, synthetic rubber is frequently utilized in thermoset elastomers for a variety of applications.
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Major Players in Elastomers market are:
Zeon Corporation
Teknor Apex
JSR Corporation
The DOW Chemical Company
DuPont
Nizhnekamskneftekhim PJSC
Lanxess
BASF
Kuraray
Covestro
Most important types of Elastomers products covered in this report are:
SBR (Styrene Block Copolymers)
IIR (Butyl Elastomer)
NBR (Nitrile Elastomer)
ACM (Acrylic Elastomer)
EPM (Ethylene-Propylene Elastomer)
PEBA (Thermoplastic Polyether Block Amides)
SBC (Styrene Block Copolymers)
TPO (Thermoplastic Polyolefin)
TPU (Thermoplastic Polyurethanes)
TPV (Thermoplastic Vulcanizates)
Most widely used downstream fields of Elastomers market covered in this report are:
Automotive
Consumer Goods
Medical
Industrial
Others
Major Regions or countries covered in this report:
North America
Europe
China
Japan
Middle East and Africa
South America
India
South Korea
Southeast Asia
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