Elastomers Market worth 92.36 Billion USD by 2021 - Growing Demand in Asia-Pacific

The report “Elastomers Market by Type (Thermoset (Natural Rubber, Synthetic Rubber (SBR, IIR, PBR, NBR, ACM, EPM)), and Thermoplastic (PEBA, SBC, TPO, TPU, TPV)), Application (Automotive, Consumer Goods, Medical, and Industrial) - Global Forecast to 2021", The market size of elastomers is estimated to grow from USD 73.93 Billion in 2016 to USD 92.36 Billion by 2021, at a CAGR of 4.6% from 2016 to 2021.
Browse 74 market data tables and 43 figures spread through 141 pages and in-depth TOC on “Elastomers Market“

Download PDF Brochure @ 
Early buyers will receive 10% customization on reports.
The market growth of the market is fueled by the growing demand for elastomers from the medical industry owing to its unique properties, such as fungus resistance, low-temperature flexibility, tensile strength, acid/base resistance, fluid resistance, excellent hydrolytic stability, easy sterilization, and excellent translucency. These properties make elastomers suitable for various end-use industries, including automobile, medical, and consumer goods.

Asia-Pacific: The Largest Market for Elastomers
Asia-Pacific is estimated to be the largest market for elastomers. The U.S. is estimated to be the largest market for elastomers in North America. The increasing demand for high-quality consumer goods and industrial products and growing end-use industries have led to innovation and new product developments in the region, thus driving the growth of the elastomers market. The rising investments in the healthcare sector are expected to further boost the growth of the elastomers market in North America.
Automotive segment: estimated to lead the elastomers market
Elastomers are used in various applications, such as automotive, medical, consumer goods, industrial, and others. The automotive application segment is estimated to lead the elastomers market in terms of value as well as volume, followed by the consumer goods and medical segments in 2016. The demand of elastomers in the automotive industry is primarily driven by its excellent physical properties, such as whetherability, impact resistance, elasticity, softness, flexibility, superior optics, high heat resistance, thermal stability, and adhesive properties.
Inquire More @
Natural Rubber: widely used type of elastomers
The natural rubber segment is expected to lead the elastomers market. Natural rubber is primarily used in the automotive industry, especially in the manufacturing of tires. Natural rubber possesses several physical properties, such as high tensile strength, excellent adhesion to metals, and excellent abrasion and tear resistance. It is used to manufacture components, including shock mounts, vibration isolators, gaskets, seals, rolls, and hoses & tubing.
The major players in elastomer market are-
  • BASF SE (Germany)
  • The Dow Chemical Company (U.S.)
  • JSR Corporation (Japan)
  • E. I. du Pont de Nemours and Company (U.S.)
  • Lanxess AG (Germany)
  • Zeon Corporation (Japan)
  • Kuraray Co. Ltd. (Japan)
  • Covestro AG (Germany)
  • Nizhnekamskneftekhim PJSC (Russia)
  • Teknor Apex Company (U.S.)
About MarketsandMarkets
MarketsandMarkets is the largest market research firm worldwide in terms of annually published premium market research reports. Serving 1700 global fortune enterprises with more than 1200 premium studies in a year, M&M is catering to a multitude of clients across 8 different industrial verticals. We specialize in consulting assignments and business research across high growth markets, cutting edge technologies and newer applications. Our 850 fulltime analyst and SMEs at MarketsandMarkets are tracking global high growth markets following the “Growth Engagement Model – GEM”. The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write “Attack, avoid and defend” strategies, identify sources of incremental revenues for both the company and its competitors.
M&M’s flagship competitive intelligence and market research platform, “RT” connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets. The new included chapters on Methodology and Benchmarking presented with high quality analytical infographics in our reports gives complete visibility of how the numbers have been arrived and defend the accuracy of the numbers.
We at MarketsandMarkets are inspired to help our clients grow by providing apt business insight with our huge market intelligence repository.

Comments

Post a Comment

Popular posts from this blog

Building Thermal Insulation Market : Size Analysis by Key Players, End Users, Technologies, Growth & Forecast 2027

  The report  " Building Thermal Insulation Market  by Material (Glasswool, Stonewool, Plastic Foam), Application (Roof Insulation, Floor Insulation, Wall Insulation), Building Type (Residential, Non-Residential) and Region - Global Forecast to 2027",  will grow to USD 35.3 billion by 2027, at a CAGR of 4.7% from USD 28.0 billion in 2022. Browse  in-depth TOC on  "Building Thermal Insulation Market" 313 market data Tables 63 Figures  274 Pages  Download PDF Brochure @  https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=510 Building thermal insulation is used to reduce the amount of energy required to heat or cool a house and minimize the amount of heat that escapes during the winter and limits the hot summer air to penetrate the house. It is the most cost-effective measure in climates that have a wide range of annual average temperatures. The resistance to heat flow of insulation is measured or rated in terms of its thermal resistance or R-value. The higher the
Read more

Face Mask Market – Business Opportunities and Global Forecast to 2027

The report " Face Mask Market  by Nature (Disposable, Reusable), Material Type, Type (Surgical, Respirator), End-Use, Distribution Channel (Pharmacy & Drug Stores, Supermarket & Hypermarket, Specialty Stores, E-commerce) and Region - Global Forecast to 2027 "The face mask market is projected to grow from USD 25.1 billion in 2022 to USD 3.0 billion by 2027, at a CAGR of -34.5% from 2022 to 2027. The market is projected to witness tremendous growth from 2018 to 2021, followed by a sharp decrease in the years till 2027. Factors contributing to the exponential growth and then decrease during the forecast period in the spread of the COVID-19 globally, and the possible decrease in the spread of the novel coronavirus after the years 2022. Other factors such as the rise in consumer awareness pertaining to the importance of face masks, and the surge in social media marketing to encourage a positive attitude towards wearing masks, are driving the demand for face masks globally.
Read more

Solar Photovoltaic Glass Market Outlook: Emerging Trends and Forecast to 2027

Solar photovoltaic glass market size is projected to reach USD 21.1 billion by 2027 from USD 6.2 billion in 2022 growing at a CAGR of 27.9%. Solar Photovoltaic Glass, also known as solar PV glass or solar glass, refers to a specialized type of glass that is designed to generate electricity from sunlight. It combines the functionality of traditional glass with the energy-producing capabilities of photovoltaic (PV) technology. Solar Photovoltaic Glass is typically made by integrating thin-film solar cells or crystalline silicon solar cells into the glass structure during the manufacturing process. These solar cells are responsible for converting sunlight into electricity through the photovoltaic effect. The glass serves as a protective and supportive layer for the solar cells, allowing them to function effectively while maintaining transparency. The main purpose of Solar Photovoltaic Glass is to capture solar energy and convert it into usable electricity. It finds applications in various
Read more