Advanced Elastomers Market by Type (Thermoplastic Elastomers, Silicon Elastomers), Application (Insulations, Implants), End-Use Industry (Medical, Industrial, Aerospace & Defense), Region- Global Forecast to 2029
The Advanced elastomers market size is projected to grow from USD 6.0 billion in 2024 to USD 7.8 billion by 2029, registering a CAGR of 5.3% during the forecast period. The growth in the market for advanced elastomers is attributed to a number of factors. Technological innovations that improve the quality and functionality of a material make advanced elastomers more attractive for different kinds of applications. Rising demand for light yet solid materials in the industrial manufacturing, medical, and aerospace & defense sectors is a key driver. This will give a stable rise to the advanced elastomers market since industries strive to be increasingly sustainable and effective.
“ Implants accounted for the second largest share in application segment of Advanced elastomers market in terms of value.”
The second-largest application segment of advanced elastomers is that of implants, mainly due to the critical role these materials play in medical devices and healthcare. Advanced elastomers are used in the manufacture of implants, with silicone and TPEs primarily considered for use in implants due to their excellent biocompatibility, flexibility, and durability. It is readily tolerable by these materials under adverse conditions of the human body, such as high temperature ranges, mechanical stress, and various body fluids, without degradation or adverse reaction. One major factor for the impressive market share of implants is the growing demand for medical procedures and devices that use long-lasting and reliable materials. Medical implants, like orthopedic implants, pacemakers, and stents, are much in demand owing to the rise in the aging population of the world and a resulting increase in chronic diseases.
“Medical accounted for the second largest share in end-use industry segment of Advanced elastomers market in terms of value.”
The medical sector is the second-largest end-use industry segment in the advanced elastomers market because it includes materials able to withstand strict requirements regarding their use in healthcare applications. Advanced elastomers have been widely used in medical applications since they are biocompatible, flexible in nature, and resistant to multiple types of sterilization methods, which are perfect for a great many devices and other applications connected with medicine. These are used to fabricate surgery instruments and tubing, catheters, implants, and prosthetic devices in which smooth operations. One of the primary reasons that the medical field is such a large marketplace for engineered elastomers is that there is a real need from medical equipment for durable, high-quality materials. Particularly, the development of medical devices that are both safe and effective becomes almost an imperative, especially since global tendencies show an increase in aging populations and the prevalence of chronic diseases.
“ Silicon elastomers accounted for the second largest share in type segment of Advanced elastomers market in terms of value.”
This is the second-largest type segment of the advanced elastomers market, as it is this unique combination of properties that has made silicone-based elastomers greatly indispensable in a wide range of industries. Silicone elastomers are highly valued for their high level of thermal stability, outstanding flexibility, and excellent resistance to extreme temperatures, chemicals, and UV radiation. These characteristics make them especially applicable for use in very demanding applications where other materials would fail. In that respect, they are vastly applied in industries such as healthcare, automotive, and electronics. In the healthcare industry. silicone elastomers find wide application due to their biocompatibility-they do not cause an adverse reaction with human tissue. This bestows them with the quality needed for medical devices such as implants, prosthetics, and tubing. The features of sterilization, without loss of properties, back up the safety and efficiency of medical devices.
“Asia pacific is the largest market for Advanced elastomers.”
strong manufacturing bases for many industries such as electronics, industry, and medical act as drivers of Asia Pacific's leadership in the market of advanced elastomers. This region is a leading producer of consumer electronics, whereby advanced elastomers find an application in insulation, sealing, and vibration damping. rapid growth in the construction sector, driven by rapid urbanization and infrastructure development in developing economies such as India and China, will probably boost demand for the market. Besides, low production costs, easy availability of raw materials, and skilled labor force have made it a favorite destination for multinational companies to set up bases for the manufacture of advanced elastomers. The region hosts some of the global and regional key players, and heavy investments in research and development have ensured constant innovation in elastomer technologies, further broadening their scope of applications.
In-depth interviews were conducted with Chief Executive Officers (CEOs), marketing directors, other innovation and technology directors, and executives from various key organizations operating in the Advanced elastomers market, and information was gathered from secondary research to determine and verify the market size of several segments.
Research Coverage
This report segments the market for Advanced elastomers market on the basis of types, applications, end-use industries, and region, and provides estimations for the overall value of the market across various regions. A detailed analysis of key industry players has been conducted to provide insights into their business overviews, products & services, key strategies, and expansions associated with the market for Advanced elastomers market.
Key benefits of buying this report
This research report is focused on various levels of analysis industry analysis (industry trends), market ranking analysis of top players, and company profiles, which together provide an overall view of the competitive landscape; emerging and high-growth segments of the Advanced elastomers market; high-growth regions; and market drivers, restraints, opportunities, and challenges.
The report provides insights on the following pointers:
“ Implants accounted for the second largest share in application segment of Advanced elastomers market in terms of value.”
The second-largest application segment of advanced elastomers is that of implants, mainly due to the critical role these materials play in medical devices and healthcare. Advanced elastomers are used in the manufacture of implants, with silicone and TPEs primarily considered for use in implants due to their excellent biocompatibility, flexibility, and durability. It is readily tolerable by these materials under adverse conditions of the human body, such as high temperature ranges, mechanical stress, and various body fluids, without degradation or adverse reaction. One major factor for the impressive market share of implants is the growing demand for medical procedures and devices that use long-lasting and reliable materials. Medical implants, like orthopedic implants, pacemakers, and stents, are much in demand owing to the rise in the aging population of the world and a resulting increase in chronic diseases.
“Medical accounted for the second largest share in end-use industry segment of Advanced elastomers market in terms of value.”
The medical sector is the second-largest end-use industry segment in the advanced elastomers market because it includes materials able to withstand strict requirements regarding their use in healthcare applications. Advanced elastomers have been widely used in medical applications since they are biocompatible, flexible in nature, and resistant to multiple types of sterilization methods, which are perfect for a great many devices and other applications connected with medicine. These are used to fabricate surgery instruments and tubing, catheters, implants, and prosthetic devices in which smooth operations. One of the primary reasons that the medical field is such a large marketplace for engineered elastomers is that there is a real need from medical equipment for durable, high-quality materials. Particularly, the development of medical devices that are both safe and effective becomes almost an imperative, especially since global tendencies show an increase in aging populations and the prevalence of chronic diseases.
“ Silicon elastomers accounted for the second largest share in type segment of Advanced elastomers market in terms of value.”
This is the second-largest type segment of the advanced elastomers market, as it is this unique combination of properties that has made silicone-based elastomers greatly indispensable in a wide range of industries. Silicone elastomers are highly valued for their high level of thermal stability, outstanding flexibility, and excellent resistance to extreme temperatures, chemicals, and UV radiation. These characteristics make them especially applicable for use in very demanding applications where other materials would fail. In that respect, they are vastly applied in industries such as healthcare, automotive, and electronics. In the healthcare industry. silicone elastomers find wide application due to their biocompatibility-they do not cause an adverse reaction with human tissue. This bestows them with the quality needed for medical devices such as implants, prosthetics, and tubing. The features of sterilization, without loss of properties, back up the safety and efficiency of medical devices.
“Asia pacific is the largest market for Advanced elastomers.”
strong manufacturing bases for many industries such as electronics, industry, and medical act as drivers of Asia Pacific's leadership in the market of advanced elastomers. This region is a leading producer of consumer electronics, whereby advanced elastomers find an application in insulation, sealing, and vibration damping. rapid growth in the construction sector, driven by rapid urbanization and infrastructure development in developing economies such as India and China, will probably boost demand for the market. Besides, low production costs, easy availability of raw materials, and skilled labor force have made it a favorite destination for multinational companies to set up bases for the manufacture of advanced elastomers. The region hosts some of the global and regional key players, and heavy investments in research and development have ensured constant innovation in elastomer technologies, further broadening their scope of applications.
In-depth interviews were conducted with Chief Executive Officers (CEOs), marketing directors, other innovation and technology directors, and executives from various key organizations operating in the Advanced elastomers market, and information was gathered from secondary research to determine and verify the market size of several segments.
- By Company Type: Tier 1 – 40%, Tier 2 – 30%, and Tier 3 – 30%
- By Designation: C Level Executives– 20%, Directors – 10%, and Others – 70%
- By Region: North America – 30%, Europe – 20%, APAC – 30%, the Middle East & Africa –10%, and South America- 10%
Research Coverage
This report segments the market for Advanced elastomers market on the basis of types, applications, end-use industries, and region, and provides estimations for the overall value of the market across various regions. A detailed analysis of key industry players has been conducted to provide insights into their business overviews, products & services, key strategies, and expansions associated with the market for Advanced elastomers market.
Key benefits of buying this report
This research report is focused on various levels of analysis industry analysis (industry trends), market ranking analysis of top players, and company profiles, which together provide an overall view of the competitive landscape; emerging and high-growth segments of the Advanced elastomers market; high-growth regions; and market drivers, restraints, opportunities, and challenges.
The report provides insights on the following pointers:
- Analysis of drivers: (Increased automation in manufacturing drives demand for advanced elastomers in high-performance seals, gaskets, and hoses in robotics and machinery), restraints (The dependence on petroleum-based feedstocks exposes the market to fluctuations in crude oil prices, affecting cost stability), opportunities (Advancements in Recycling Technologies), and challenges (Developing bio-based elastomers with performance characteristics equivalent to synthetic counterparts remains a significant technical hurdle) influencing the growth of Advanced elastomers market.
- Market Penetration: Comprehensive information on the Advanced elastomers market offered by top players in the global Advanced elastomers market.
- Product Development/Innovation: Detailed insights on upcoming technologies, research & development activities, in the Advanced elastomers market.
- Market Development: Comprehensive information about lucrative emerging markets the report analyzes the markets for Advanced elastomers market across regions.
- Market Capacity: Production capacities of companies producing Advanced elastomers are provided wherever available with upcoming capacities for the Advanced elastomers market.
- Competitive Assessment: In-depth assessment of market shares, strategies, products, and manufacturing capabilities of leading players in the Advanced elastomers market.
1 INTRODUCTION
1.1 STUDY OBJECTIVES
1.2 MARKET DEFINITION
1.3 STUDY SCOPE
1.3.1 MARKETS COVERED
1.3.2 YEARS CONSIDERED
1.3.3 INCLUSIONS AND EXCLUSIONS
1.3.4 CURRENCY CONSIDERED
1.3.5 UNITS CONSIDERED
1.4 LIMITATIONS
1.5 STAKEHOLDERS
2 RESEARCH METHODOLOGY
2.1 RESEARCH DATA
2.1.1 SECONDARY DATA
2.1.1.1 Key data from secondary sources
2.1.2 PRIMARY DATA
2.1.2.1 Key data from primary sources
2.1.2.2 Key primary sources
2.1.2.3 Key participants for primary interviews
2.1.2.4 Breakdown of primaries
2.1.2.5 Key industry insights
2.2 BASE NUMBER CALCULATION
2.2.1 SUPPLY-SIDE ANALYSIS
2.2.2 DEMAND-SIDE ANALYSIS
2.3 FORECAST
2.3.1 SUPPLY SIDE
2.3.2 DEMAND SIDE
2.4 MARKET SIZE ESTIMATION
2.4.1 BOTTOM-UP APPROACH
2.4.2 TOP-DOWN APPROACH
2.5 DATA TRIANGULATION
2.6 RESEARCH ASSUMPTIONS
2.7 GROWTH FORECAST
2.8 RISK ASSESSMENT
2.9 FACTOR ANALYSIS
3 EXECUTIVE SUMMARY
4 PREMIUM INSIGHTS
4.1 ATTRACTIVE OPPORTUNITIES FOR PLAYERS IN ADVANCED ELASTOMERS MARKET
4.2 ADVANCED ELASTOMERS MARKET, BY TYPE
4.3 ADVANCED ELASTOMERS MARKET, BY COUNTRY
5 MARKET OVERVIEW
5.1 INTRODUCTION
5.2 MARKET DYNAMICS
5.2.1 DRIVERS
5.2.1.1 Growing demand for advanced elastomers with excellent biocompatibility and sterilization properties due to advancements in medical devices
5.2.1.2 Increasing demand for advanced elastomers due to advancements in recycling technologies
5.2.2 RESTRAINTS
5.2.2.1 Lack of standardized grades and specifications related to advanced elastomers
5.2.3 OPPORTUNITIES
5.2.3.1 Development of advanced elastomers suitable for 3D printing
5.2.3.2 Innovations in polymer chemistry – development of nanocomposites and hybrid materials
5.2.4 CHALLENGES
5.2.4.1 High production cost, complex manufacturing processes, and need for specialized equipment and expertise
5.2.4.2 Development of bio-based elastomers with performance characteristics equivalent to synthetic counterparts
5.3 IMPACT OF AI/GENERATIVE AI ON ADVANCED ELASTOMERS MARKET
5.3.1 INTRODUCTION
6 INDUSTRY TRENDS
6.1 INTRODUCTION
6.2 TRENDS/DISRUPTIONS IMPACTING CUSTOMER BUSINESS
6.3 SUPPLY CHAIN ANALYSIS
6.4 INVESTMENT AND FUNDING SCENARIO
6.5 PRICING ANALYSIS
6.5.1 AVERAGE SELLING PRICE TREND, BY REGION
6.5.2 AVERAGE SELLING PRICE TREND, BY TYPE
6.5.3 AVERAGE SELLING PRICE TREND OF KEY PLAYERS, BY TYPE
6.6 ECOSYSTEM ANALYSIS
6.7 TECHNOLOGY ANALYSIS
6.7.1 KEY TECHNOLOGIES
6.7.2 COMPLEMENTARY TECHNOLOGIES
6.7.3 ADJACENT TECHNOLOGIES
6.8 PATENT ANALYSIS
6.8.1 METHODOLOGY
6.8.2 GRANTED PATENTS
6.8.3 PATENT PUBLICATION TRENDS
6.8.4 INSIGHTS
6.8.5 LEGAL STATUS
6.8.6 JURISDICTION ANALYSIS
6.8.7 TOP APPLICANTS
6.9 TRADE ANALYSIS
6.9.1 IMPORT SCENARIO (HS CODES 390469 AND 39100090)
6.9.2 EXPORT SCENARIO (HS CODES 390469 AND 39100090)
6.10 KEY CONFERENCES AND EVENTS, 2024–2025
6.11 TARIFFS, STANDARDS, AND REGULATORY LANDSCAPE
6.11.1 TARIFF ANALYSIS
6.11.2 REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
6.11.3 STANDARDS
6.12 PORTER’S FIVE FORCES ANALYSIS
6.12.1 THREAT OF NEW ENTRANTS
6.12.2 THREAT OF SUBSTITUTES
6.12.3 BARGAINING POWER OF SUPPLIERS
6.12.4 BARGAINING POWER OF BUYERS
6.12.5 INTENSITY OF COMPETITIVE RIVALRY
6.13 KEY STAKEHOLDERS AND BUYING CRITERIA
6.13.1 KEY STAKEHOLDERS IN BUYING PROCESS
6.13.2 BUYING CRITERIA
6.14 MACROECONOMIC OUTLOOK
6.14.1 GDP TRENDS AND FORECASTS, BY COUNTRY
6.15 CASE STUDY ANALYSIS
6.15.1 INNOVATIVE DUAL-DYNAMIC NETWORK DESIGN IN ADVANCED ELASTOMERS: ACHIEVING HIGH PERFORMANCE AND SELF-HEALING CAPABILITIES
6.15.2 TRANSFORMATIVE ROLE OF THERMOPLASTIC ELASTOMERS IN MODERN MANUFACTURING: EFFICIENCY, SUSTAINABILITY, AND INNOVATION
6.15.3 ENSURING RELIABILITY IN EXTREME ENVIRONMENTS: ADVANCED ELASTOMERS FOR DEEPWATER OIL EXPLORATION
7 ADVANCED ELASTOMERS MARKET, BY TYPE
7.1 INTRODUCTION
7.2 THERMOPLASTIC ELASTOMERS (TPES)
7.2.1 RISING DEMAND FOR FLEXIBLE AND RECYCLABLE MATERIALS IN VARIOUS INDUSTRIES TO DRIVE MARKET
7.3 SILICON ELASTOMERS
7.3.1 HIGH PERFORMANCE IN EXTREME CONDITIONS AND EXCEPTIONAL THERMAL STABILITY TO DRIVE DEMAND
7.4 FLUORINATED ELASTOMERS
7.4.1 ABILITY TO WITHSTAND EXTENDED EXPOSURE TO HARSH ENVIRONMENTS WITHOUT COMPROMISING PERFORMANCE TO FUEL DEMAND
7.5 ETHYLENE PROPYLENE DIENE MONOMERS (EPDM)
7.5.1 ABILITY TO RESIST CRACKING, SHRINKING, AND SECURING LONGEVITY IN HARSH ENVIRONMENTAL CONDITIONS TO DRIVE DEMAND
7.6 OTHER TYPES
7.6.1 POLYURETHANE ELASTOMERS
7.6.2 EPICHLOROHYDRIN ELASTOMERS (ECO)
8 ADVANCED ELASTOMERS MARKET, BY APPLICATION
8.1 INTRODUCTION
8.2 INSULATION
8.2.1 ABILITY TO BOOST THERMAL AND ELECTRICAL EFFICIENCY IN INSULATION APPLICATIONS TO DRIVE DEMAND
8.3 IMPLANTS
8.3.1 USE TO EXTEND OPERATIONAL LIFE AND ENHANCE FUNCTIONALITY OF MEDICAL IMPLANTS TO DRIVE MARKET
8.4 FLEXIBLE CIRCUITS
8.4.1 HIGH ADOPTION IN DESIGNING AND OPERATION OF FLEXIBLE CIRCUITS TO PROPEL MARKET
8.5 CONNECTORS
8.5.1 ABILITY TO ENSURE RELIABLE AND RESILIENT CONNECTIONS IN CRITICAL SYSTEMS TO FUEL DEMAND
8.6 OTHER APPLICATIONS
8.6.1 SEALS AND GASKETS
8.6.2 CONVEYOR SYSTEMS
9 ADVANCED ELASTOMERS MARKET, BY END USE
9.1 INTRODUCTION
9.2 INDUSTRIAL
9.2.1 GROWING ADOPTION TO REVOLUTIONIZE HEAVY-DUTY MANUFACTURING TO DRIVE MARKET
9.3 AEROSPACE & DEFENSE
9.3.1 RISING USE TO ENSURE HIGH PERFORMANCE, SAFETY, AND DEPENDABILITY OF MISSION-CRITICAL EQUIPMENT TO FUEL MARKET GROWTH
9.4 MEDICAL
9.4.1 OPTIMIZATION OF MEDICAL DEVICES USING ADVANCED ELASTOMERS FOR SUPERIOR FUNCTIONALITY AND SAFETY TO DRIVE DEMAND
9.5 ELECTRONICS & ELECTRICAL
9.5.1 EXCELLENT ELECTRICAL INSULATION, FLEXIBILITY, THERMAL STABILITY, AND RESISTANCE TO MOISTURE, CHEMICALS, AND ULTRAVIOLET RADIATION TO DRIVE DEMAND
9.6 OTHER END USES
9.6.1 TEXTILES
9.6.2 MOBILITY & TRANSPORTATION
10 ADVANCED ELASTOMERS MARKET, BY REGION
10.1 INTRODUCTION
10.2 ASIA PACIFIC
10.2.1 CHINA
10.2.1.1 Transformation into global manufacturing hub to drive demand
10.2.2 JAPAN
10.2.2.1 Technological advancements and rising use of advanced elastomers in electronics and aerospace industries to drive market
10.2.3 INDIA
10.2.3.1 Rapid industrialization and expansion of manufacturing sector to drive demand
10.2.4 SOUTH KOREA
10.2.4.1 Increased investments in R&D for advanced materials to drive market
10.2.5 REST OF ASIA PACIFIC
10.3 NORTH AMERICA
10.3.1 US
10.3.1.1 Expanding medical and pharmaceutical industries to fuel demand
10.3.2 CANADA
10.3.2.1 Rising focus on advanced manufacturing technologies and research in elastomer applications to drive market
10.3.3 MEXICO
10.3.3.1 Emergence as manufacturing hub to drive demand
10.4 EUROPE
10.4.1 GERMANY
10.4.1.1 Increased emphasis on innovation and performance in automotive sector to fuel demand
10.4.2 ITALY
10.4.2.1 Rising demand for high-quality, durable materials in manufacturing of luxury products to propel demand
10.4.3 FRANCE
10.4.3.1 Increasing demand for advanced elastomers in aerospace industry to drive market
10.4.4 UK
10.4.4.1 High emphasis on high-quality standards and compliance in healthcare and automobile applications to propel demand
10.4.5 SPAIN
10.4.5.1 High focus on sustainability and environmental protection to fuel demand
10.4.6 RUSSIA
10.4.6.1 Rising applications of advanced elastomers in industrial sector and aerospace industry to drive market
10.4.7 REST OF EUROPE
10.5 MIDDLE EAST & AFRICA
10.5.1 GCC COUNTRIES
10.5.1.1 Saudi Arabia
10.5.1.1.1 Development of new industrial technologies and smart infrastructure to drive market
10.5.1.2 UAE
10.5.1.2.1 Economic diversification and easy access to raw materials to fuel market growth
10.5.1.3 Rest of GCC countries
10.5.2 SOUTH AFRICA
10.5.2.1 Expanding healthcare sector and rising focus on local manufacturing and exports to drive market
10.5.3 REST OF MIDDLE EAST & AFRICA
10.6 SOUTH AMERICA
10.6.1 ARGENTINA
10.6.1.1 Development of advanced electronics technologies to drive demand
10.6.2 BRAZIL
10.6.2.1 High availability of raw materials and rising demand for medical devices to propel market
10.6.3 REST OF SOUTH AMERICA
11 COMPETITIVE LANDSCAPE
11.1 OVERVIEW
11.2 KEY PLAYER STRATEGIES/RIGHT TO WIN
11.3 MARKET SHARE ANALYSIS, 2023
11.3.1 CELANESE CORPORATION
11.3.2 BASF
11.3.3 AGC INC.
11.3.4 MITSUI CHEMICALS, INC.
11.3.5 WACKER CHEMIE AG
11.4 REVENUE ANALYSIS, 2020–2024
11.5 COMPANY EVALUATION MATRIX: KEY PLAYERS, 2023
11.5.1 STARS
11.5.2 EMERGING LEADERS
11.5.3 PERVASIVE PLAYERS
11.5.4 PARTICIPANTS
11.5.5 COMPANY FOOTPRINT: KEY PLAYERS, 2023
11.5.5.1 Company footprint
11.5.5.2 Type footprint
11.5.5.3 Application footprint
11.5.5.4 End use footprint
11.5.5.5 Region footprint
11.6 COMPANY EVALUATION MATRIX: STARTUPS/SMES, 2023
11.6.1 PROGRESSIVE COMPANIES
11.6.2 RESPONSIVE COMPANIES
11.6.3 DYNAMIC COMPANIES
11.6.4 STARTING BLOCKS
11.6.5 COMPETITIVE BENCHMARKING: STARTUPS/SMES, 2023
11.6.5.1 Detailed list of key startups/SMEs
11.6.5.2 Competitive benchmarking of key startups/SMEs
11.7 BRAND/PRODUCT COMPARISON
11.7.1 ELASTOSIL®
11.7.2 MILASTOMER™
11.7.3 SANTOPRENE™
11.7.4 ELASTOLLAN®
11.7.5 AFLAS®
11.8 COMPANY VALUATION AND FINANCIAL METRICS
11.9 COMPETITIVE SCENARIOS
11.9.1 PRODUCT LAUNCHES
11.9.2 EXPANSIONS
11.9.3 DEALS
12 COMPANY PROFILES
12.1 KEY PLAYERS
12.1.1 DOW
12.1.1.1 Business overview
12.1.1.2 Products/Solutions/Services offered
12.1.1.3 Recent developments
12.1.1.3.1 Product launches
12.1.1.3.2 Others
12.1.1.4 MnM view
12.1.1.4.1 Key strengths/Right to win
12.1.1.4.2 Strategic choices
12.1.1.4.3 Weaknesses/Competitive threats
12.1.2 WACKER CHEMIE AG
12.1.2.1 Business overview
12.1.2.2 Products/Solutions/Services offered
12.1.2.3 Recent developments
12.1.2.3.1 Expansions
12.1.2.4 MnM view
12.1.2.4.1 Key strengths/Right to win
12.1.2.4.2 Strategic choices
12.1.2.4.3 Weaknesses/Competitive threats
12.1.3 MITSUI CHEMICALS, INC.
12.1.3.1 Business overview
12.1.3.2 Products/Solutions/Services offered
12.1.3.3 Recent developments
12.1.3.3.1 Product launches
12.1.3.3.2 Others
12.1.3.4 MnM view
12.1.3.4.1 Key strengths/Right to win
12.1.3.4.2 Strategic choices
12.1.3.4.3 Weaknesses/Competitive threats
12.1.4 CELANESE CORPORATION
12.1.4.1 Business overview
12.1.4.2 Products/Solutions/Services offered
12.1.4.3 Recent developments
12.1.4.3.1 Deals
12.1.4.4 MnM view
12.1.4.4.1 Key strengths/Right to win
12.1.4.4.2 Strategic choices
12.1.4.4.3 Weaknesses/Competitive threats
12.1.5 ARKEMA
12.1.5.1 Business overview
12.1.5.2 Products/Solutions/Services offered
12.1.5.3 Recent developments
12.1.5.3.1 Expansions
12.1.5.3.2 Others
12.1.5.4 MnM view
12.1.5.4.1 Key strengths/Right to win
12.1.5.4.2 Strategic choices
12.1.5.4.3 Weaknesses/Competitive threats
12.1.6 DUPONT
12.1.6.1 Business overview
12.1.6.2 Products/Solutions/Services offered
12.1.6.3 Recent developments
12.1.6.3.1 Deals
12.1.6.3.2 Expansions
12.1.6.3.3 Others
12.1.6.4 MnM view
12.1.6.4.1 Key strengths/Right to win
12.1.6.4.2 Strategic choices
12.1.6.4.3 Weaknesses/Competitive threats
12.1.7 BASF
12.1.7.1 Business overview
12.1.7.2 Products/Solutions/Services offered
12.1.7.3 Recent developments
12.1.7.3.1 Deals
12.1.7.3.2 Expansions
12.1.7.3.3 Others
12.1.7.4 MnM view
12.1.7.4.1 Key strengths/Right to win
12.1.7.4.2 Strategic choices
12.1.7.4.3 Weaknesses/Competitive threats
12.1.8 AGC INC.
12.1.8.1 Business overview
12.1.8.2 Products/Solutions/Services offered
12.1.8.3 Recent developments
12.1.8.3.1 Expansions
12.1.8.4 MnM view
12.1.8.4.1 Key strengths/Right to win
12.1.8.4.2 Strategic choices
12.1.8.4.3 Weaknesses/Competitive threats
12.1.9 AVIENT CORPORATION
12.1.9.1 Business overview
12.1.9.2 Products/Solutions/Services offered
12.1.9.3 Recent developments
12.1.9.3.1 Product launches
12.1.9.3.2 Others
12.1.9.4 MnM view
12.1.9.4.1 Key strengths/Right to win
12.1.9.4.2 Strategic choices
12.1.9.4.3 Weaknesses/Competitive threats
12.1.10 DAIKIN INDUSTRIES, LTD.
12.1.10.1 Business overview
12.1.10.2 Products/Solutions/Services offered
12.1.10.3 MnM view
12.1.10.3.1 Key strengths/Right to win
12.1.10.3.2 Strategic choices
12.1.10.3.3 Weaknesses/Competitive threats
12.1.11 ELKEM ASA
12.1.11.1 Business overview
12.1.11.2 Products/Solutions/Services offered
12.1.11.3 Recent developments
12.1.11.3.1 Deals
12.1.11.3.2 Expansions
12.1.11.4 MnM view
12.1.11.4.1 Key strengths/Right to win
12.1.11.4.2 Strategic choices
12.1.11.4.3 Weaknesses/Competitive threats
12.2 OTHER PLAYERS
12.2.1 MOMENTIVE PERFORMANCE MATERIALS
12.2.2 RADO GUMMI GMBH
12.2.3 AURORA MATERIAL SOLUTIONS
12.2.4 BRP MANUFACTURING
12.2.5 STAR THERMOPLASTIC ALLOYS & RUBBERS, LLC
12.2.6 ELASTRON TPE
12.2.7 RTP COMPANY
12.2.8 AMERICHEM
12.2.9 STOCKWELL ELASTOMERICS
12.2.10 NANJING SISIB SILICONES CO., LTD.
12.2.11 LOPIGOM S.P.A.
12.2.12 CABOT CORPORATION
12.2.13 FUSION-POLYMER
12.2.14 KRAIBURG TPE
12.2.15 ARLANXEO
13 APPENDIX
13.1 DISCUSSION GUIDE
13.2 KNOWLEDGESTORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL
13.3 CUSTOMIZATION OPTIONS
13.4 RELATED REPORTS
13.5 AUTHOR DETAILS
1.1 STUDY OBJECTIVES
1.2 MARKET DEFINITION
1.3 STUDY SCOPE
1.3.1 MARKETS COVERED
1.3.2 YEARS CONSIDERED
1.3.3 INCLUSIONS AND EXCLUSIONS
1.3.4 CURRENCY CONSIDERED
1.3.5 UNITS CONSIDERED
1.4 LIMITATIONS
1.5 STAKEHOLDERS
2 RESEARCH METHODOLOGY
2.1 RESEARCH DATA
2.1.1 SECONDARY DATA
2.1.1.1 Key data from secondary sources
2.1.2 PRIMARY DATA
2.1.2.1 Key data from primary sources
2.1.2.2 Key primary sources
2.1.2.3 Key participants for primary interviews
2.1.2.4 Breakdown of primaries
2.1.2.5 Key industry insights
2.2 BASE NUMBER CALCULATION
2.2.1 SUPPLY-SIDE ANALYSIS
2.2.2 DEMAND-SIDE ANALYSIS
2.3 FORECAST
2.3.1 SUPPLY SIDE
2.3.2 DEMAND SIDE
2.4 MARKET SIZE ESTIMATION
2.4.1 BOTTOM-UP APPROACH
2.4.2 TOP-DOWN APPROACH
2.5 DATA TRIANGULATION
2.6 RESEARCH ASSUMPTIONS
2.7 GROWTH FORECAST
2.8 RISK ASSESSMENT
2.9 FACTOR ANALYSIS
3 EXECUTIVE SUMMARY
4 PREMIUM INSIGHTS
4.1 ATTRACTIVE OPPORTUNITIES FOR PLAYERS IN ADVANCED ELASTOMERS MARKET
4.2 ADVANCED ELASTOMERS MARKET, BY TYPE
4.3 ADVANCED ELASTOMERS MARKET, BY COUNTRY
5 MARKET OVERVIEW
5.1 INTRODUCTION
5.2 MARKET DYNAMICS
5.2.1 DRIVERS
5.2.1.1 Growing demand for advanced elastomers with excellent biocompatibility and sterilization properties due to advancements in medical devices
5.2.1.2 Increasing demand for advanced elastomers due to advancements in recycling technologies
5.2.2 RESTRAINTS
5.2.2.1 Lack of standardized grades and specifications related to advanced elastomers
5.2.3 OPPORTUNITIES
5.2.3.1 Development of advanced elastomers suitable for 3D printing
5.2.3.2 Innovations in polymer chemistry – development of nanocomposites and hybrid materials
5.2.4 CHALLENGES
5.2.4.1 High production cost, complex manufacturing processes, and need for specialized equipment and expertise
5.2.4.2 Development of bio-based elastomers with performance characteristics equivalent to synthetic counterparts
5.3 IMPACT OF AI/GENERATIVE AI ON ADVANCED ELASTOMERS MARKET
5.3.1 INTRODUCTION
6 INDUSTRY TRENDS
6.1 INTRODUCTION
6.2 TRENDS/DISRUPTIONS IMPACTING CUSTOMER BUSINESS
6.3 SUPPLY CHAIN ANALYSIS
6.4 INVESTMENT AND FUNDING SCENARIO
6.5 PRICING ANALYSIS
6.5.1 AVERAGE SELLING PRICE TREND, BY REGION
6.5.2 AVERAGE SELLING PRICE TREND, BY TYPE
6.5.3 AVERAGE SELLING PRICE TREND OF KEY PLAYERS, BY TYPE
6.6 ECOSYSTEM ANALYSIS
6.7 TECHNOLOGY ANALYSIS
6.7.1 KEY TECHNOLOGIES
6.7.2 COMPLEMENTARY TECHNOLOGIES
6.7.3 ADJACENT TECHNOLOGIES
6.8 PATENT ANALYSIS
6.8.1 METHODOLOGY
6.8.2 GRANTED PATENTS
6.8.3 PATENT PUBLICATION TRENDS
6.8.4 INSIGHTS
6.8.5 LEGAL STATUS
6.8.6 JURISDICTION ANALYSIS
6.8.7 TOP APPLICANTS
6.9 TRADE ANALYSIS
6.9.1 IMPORT SCENARIO (HS CODES 390469 AND 39100090)
6.9.2 EXPORT SCENARIO (HS CODES 390469 AND 39100090)
6.10 KEY CONFERENCES AND EVENTS, 2024–2025
6.11 TARIFFS, STANDARDS, AND REGULATORY LANDSCAPE
6.11.1 TARIFF ANALYSIS
6.11.2 REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
6.11.3 STANDARDS
6.12 PORTER’S FIVE FORCES ANALYSIS
6.12.1 THREAT OF NEW ENTRANTS
6.12.2 THREAT OF SUBSTITUTES
6.12.3 BARGAINING POWER OF SUPPLIERS
6.12.4 BARGAINING POWER OF BUYERS
6.12.5 INTENSITY OF COMPETITIVE RIVALRY
6.13 KEY STAKEHOLDERS AND BUYING CRITERIA
6.13.1 KEY STAKEHOLDERS IN BUYING PROCESS
6.13.2 BUYING CRITERIA
6.14 MACROECONOMIC OUTLOOK
6.14.1 GDP TRENDS AND FORECASTS, BY COUNTRY
6.15 CASE STUDY ANALYSIS
6.15.1 INNOVATIVE DUAL-DYNAMIC NETWORK DESIGN IN ADVANCED ELASTOMERS: ACHIEVING HIGH PERFORMANCE AND SELF-HEALING CAPABILITIES
6.15.2 TRANSFORMATIVE ROLE OF THERMOPLASTIC ELASTOMERS IN MODERN MANUFACTURING: EFFICIENCY, SUSTAINABILITY, AND INNOVATION
6.15.3 ENSURING RELIABILITY IN EXTREME ENVIRONMENTS: ADVANCED ELASTOMERS FOR DEEPWATER OIL EXPLORATION
7 ADVANCED ELASTOMERS MARKET, BY TYPE
7.1 INTRODUCTION
7.2 THERMOPLASTIC ELASTOMERS (TPES)
7.2.1 RISING DEMAND FOR FLEXIBLE AND RECYCLABLE MATERIALS IN VARIOUS INDUSTRIES TO DRIVE MARKET
7.3 SILICON ELASTOMERS
7.3.1 HIGH PERFORMANCE IN EXTREME CONDITIONS AND EXCEPTIONAL THERMAL STABILITY TO DRIVE DEMAND
7.4 FLUORINATED ELASTOMERS
7.4.1 ABILITY TO WITHSTAND EXTENDED EXPOSURE TO HARSH ENVIRONMENTS WITHOUT COMPROMISING PERFORMANCE TO FUEL DEMAND
7.5 ETHYLENE PROPYLENE DIENE MONOMERS (EPDM)
7.5.1 ABILITY TO RESIST CRACKING, SHRINKING, AND SECURING LONGEVITY IN HARSH ENVIRONMENTAL CONDITIONS TO DRIVE DEMAND
7.6 OTHER TYPES
7.6.1 POLYURETHANE ELASTOMERS
7.6.2 EPICHLOROHYDRIN ELASTOMERS (ECO)
8 ADVANCED ELASTOMERS MARKET, BY APPLICATION
8.1 INTRODUCTION
8.2 INSULATION
8.2.1 ABILITY TO BOOST THERMAL AND ELECTRICAL EFFICIENCY IN INSULATION APPLICATIONS TO DRIVE DEMAND
8.3 IMPLANTS
8.3.1 USE TO EXTEND OPERATIONAL LIFE AND ENHANCE FUNCTIONALITY OF MEDICAL IMPLANTS TO DRIVE MARKET
8.4 FLEXIBLE CIRCUITS
8.4.1 HIGH ADOPTION IN DESIGNING AND OPERATION OF FLEXIBLE CIRCUITS TO PROPEL MARKET
8.5 CONNECTORS
8.5.1 ABILITY TO ENSURE RELIABLE AND RESILIENT CONNECTIONS IN CRITICAL SYSTEMS TO FUEL DEMAND
8.6 OTHER APPLICATIONS
8.6.1 SEALS AND GASKETS
8.6.2 CONVEYOR SYSTEMS
9 ADVANCED ELASTOMERS MARKET, BY END USE
9.1 INTRODUCTION
9.2 INDUSTRIAL
9.2.1 GROWING ADOPTION TO REVOLUTIONIZE HEAVY-DUTY MANUFACTURING TO DRIVE MARKET
9.3 AEROSPACE & DEFENSE
9.3.1 RISING USE TO ENSURE HIGH PERFORMANCE, SAFETY, AND DEPENDABILITY OF MISSION-CRITICAL EQUIPMENT TO FUEL MARKET GROWTH
9.4 MEDICAL
9.4.1 OPTIMIZATION OF MEDICAL DEVICES USING ADVANCED ELASTOMERS FOR SUPERIOR FUNCTIONALITY AND SAFETY TO DRIVE DEMAND
9.5 ELECTRONICS & ELECTRICAL
9.5.1 EXCELLENT ELECTRICAL INSULATION, FLEXIBILITY, THERMAL STABILITY, AND RESISTANCE TO MOISTURE, CHEMICALS, AND ULTRAVIOLET RADIATION TO DRIVE DEMAND
9.6 OTHER END USES
9.6.1 TEXTILES
9.6.2 MOBILITY & TRANSPORTATION
10 ADVANCED ELASTOMERS MARKET, BY REGION
10.1 INTRODUCTION
10.2 ASIA PACIFIC
10.2.1 CHINA
10.2.1.1 Transformation into global manufacturing hub to drive demand
10.2.2 JAPAN
10.2.2.1 Technological advancements and rising use of advanced elastomers in electronics and aerospace industries to drive market
10.2.3 INDIA
10.2.3.1 Rapid industrialization and expansion of manufacturing sector to drive demand
10.2.4 SOUTH KOREA
10.2.4.1 Increased investments in R&D for advanced materials to drive market
10.2.5 REST OF ASIA PACIFIC
10.3 NORTH AMERICA
10.3.1 US
10.3.1.1 Expanding medical and pharmaceutical industries to fuel demand
10.3.2 CANADA
10.3.2.1 Rising focus on advanced manufacturing technologies and research in elastomer applications to drive market
10.3.3 MEXICO
10.3.3.1 Emergence as manufacturing hub to drive demand
10.4 EUROPE
10.4.1 GERMANY
10.4.1.1 Increased emphasis on innovation and performance in automotive sector to fuel demand
10.4.2 ITALY
10.4.2.1 Rising demand for high-quality, durable materials in manufacturing of luxury products to propel demand
10.4.3 FRANCE
10.4.3.1 Increasing demand for advanced elastomers in aerospace industry to drive market
10.4.4 UK
10.4.4.1 High emphasis on high-quality standards and compliance in healthcare and automobile applications to propel demand
10.4.5 SPAIN
10.4.5.1 High focus on sustainability and environmental protection to fuel demand
10.4.6 RUSSIA
10.4.6.1 Rising applications of advanced elastomers in industrial sector and aerospace industry to drive market
10.4.7 REST OF EUROPE
10.5 MIDDLE EAST & AFRICA
10.5.1 GCC COUNTRIES
10.5.1.1 Saudi Arabia
10.5.1.1.1 Development of new industrial technologies and smart infrastructure to drive market
10.5.1.2 UAE
10.5.1.2.1 Economic diversification and easy access to raw materials to fuel market growth
10.5.1.3 Rest of GCC countries
10.5.2 SOUTH AFRICA
10.5.2.1 Expanding healthcare sector and rising focus on local manufacturing and exports to drive market
10.5.3 REST OF MIDDLE EAST & AFRICA
10.6 SOUTH AMERICA
10.6.1 ARGENTINA
10.6.1.1 Development of advanced electronics technologies to drive demand
10.6.2 BRAZIL
10.6.2.1 High availability of raw materials and rising demand for medical devices to propel market
10.6.3 REST OF SOUTH AMERICA
11 COMPETITIVE LANDSCAPE
11.1 OVERVIEW
11.2 KEY PLAYER STRATEGIES/RIGHT TO WIN
11.3 MARKET SHARE ANALYSIS, 2023
11.3.1 CELANESE CORPORATION
11.3.2 BASF
11.3.3 AGC INC.
11.3.4 MITSUI CHEMICALS, INC.
11.3.5 WACKER CHEMIE AG
11.4 REVENUE ANALYSIS, 2020–2024
11.5 COMPANY EVALUATION MATRIX: KEY PLAYERS, 2023
11.5.1 STARS
11.5.2 EMERGING LEADERS
11.5.3 PERVASIVE PLAYERS
11.5.4 PARTICIPANTS
11.5.5 COMPANY FOOTPRINT: KEY PLAYERS, 2023
11.5.5.1 Company footprint
11.5.5.2 Type footprint
11.5.5.3 Application footprint
11.5.5.4 End use footprint
11.5.5.5 Region footprint
11.6 COMPANY EVALUATION MATRIX: STARTUPS/SMES, 2023
11.6.1 PROGRESSIVE COMPANIES
11.6.2 RESPONSIVE COMPANIES
11.6.3 DYNAMIC COMPANIES
11.6.4 STARTING BLOCKS
11.6.5 COMPETITIVE BENCHMARKING: STARTUPS/SMES, 2023
11.6.5.1 Detailed list of key startups/SMEs
11.6.5.2 Competitive benchmarking of key startups/SMEs
11.7 BRAND/PRODUCT COMPARISON
11.7.1 ELASTOSIL®
11.7.2 MILASTOMER™
11.7.3 SANTOPRENE™
11.7.4 ELASTOLLAN®
11.7.5 AFLAS®
11.8 COMPANY VALUATION AND FINANCIAL METRICS
11.9 COMPETITIVE SCENARIOS
11.9.1 PRODUCT LAUNCHES
11.9.2 EXPANSIONS
11.9.3 DEALS
12 COMPANY PROFILES
12.1 KEY PLAYERS
12.1.1 DOW
12.1.1.1 Business overview
12.1.1.2 Products/Solutions/Services offered
12.1.1.3 Recent developments
12.1.1.3.1 Product launches
12.1.1.3.2 Others
12.1.1.4 MnM view
12.1.1.4.1 Key strengths/Right to win
12.1.1.4.2 Strategic choices
12.1.1.4.3 Weaknesses/Competitive threats
12.1.2 WACKER CHEMIE AG
12.1.2.1 Business overview
12.1.2.2 Products/Solutions/Services offered
12.1.2.3 Recent developments
12.1.2.3.1 Expansions
12.1.2.4 MnM view
12.1.2.4.1 Key strengths/Right to win
12.1.2.4.2 Strategic choices
12.1.2.4.3 Weaknesses/Competitive threats
12.1.3 MITSUI CHEMICALS, INC.
12.1.3.1 Business overview
12.1.3.2 Products/Solutions/Services offered
12.1.3.3 Recent developments
12.1.3.3.1 Product launches
12.1.3.3.2 Others
12.1.3.4 MnM view
12.1.3.4.1 Key strengths/Right to win
12.1.3.4.2 Strategic choices
12.1.3.4.3 Weaknesses/Competitive threats
12.1.4 CELANESE CORPORATION
12.1.4.1 Business overview
12.1.4.2 Products/Solutions/Services offered
12.1.4.3 Recent developments
12.1.4.3.1 Deals
12.1.4.4 MnM view
12.1.4.4.1 Key strengths/Right to win
12.1.4.4.2 Strategic choices
12.1.4.4.3 Weaknesses/Competitive threats
12.1.5 ARKEMA
12.1.5.1 Business overview
12.1.5.2 Products/Solutions/Services offered
12.1.5.3 Recent developments
12.1.5.3.1 Expansions
12.1.5.3.2 Others
12.1.5.4 MnM view
12.1.5.4.1 Key strengths/Right to win
12.1.5.4.2 Strategic choices
12.1.5.4.3 Weaknesses/Competitive threats
12.1.6 DUPONT
12.1.6.1 Business overview
12.1.6.2 Products/Solutions/Services offered
12.1.6.3 Recent developments
12.1.6.3.1 Deals
12.1.6.3.2 Expansions
12.1.6.3.3 Others
12.1.6.4 MnM view
12.1.6.4.1 Key strengths/Right to win
12.1.6.4.2 Strategic choices
12.1.6.4.3 Weaknesses/Competitive threats
12.1.7 BASF
12.1.7.1 Business overview
12.1.7.2 Products/Solutions/Services offered
12.1.7.3 Recent developments
12.1.7.3.1 Deals
12.1.7.3.2 Expansions
12.1.7.3.3 Others
12.1.7.4 MnM view
12.1.7.4.1 Key strengths/Right to win
12.1.7.4.2 Strategic choices
12.1.7.4.3 Weaknesses/Competitive threats
12.1.8 AGC INC.
12.1.8.1 Business overview
12.1.8.2 Products/Solutions/Services offered
12.1.8.3 Recent developments
12.1.8.3.1 Expansions
12.1.8.4 MnM view
12.1.8.4.1 Key strengths/Right to win
12.1.8.4.2 Strategic choices
12.1.8.4.3 Weaknesses/Competitive threats
12.1.9 AVIENT CORPORATION
12.1.9.1 Business overview
12.1.9.2 Products/Solutions/Services offered
12.1.9.3 Recent developments
12.1.9.3.1 Product launches
12.1.9.3.2 Others
12.1.9.4 MnM view
12.1.9.4.1 Key strengths/Right to win
12.1.9.4.2 Strategic choices
12.1.9.4.3 Weaknesses/Competitive threats
12.1.10 DAIKIN INDUSTRIES, LTD.
12.1.10.1 Business overview
12.1.10.2 Products/Solutions/Services offered
12.1.10.3 MnM view
12.1.10.3.1 Key strengths/Right to win
12.1.10.3.2 Strategic choices
12.1.10.3.3 Weaknesses/Competitive threats
12.1.11 ELKEM ASA
12.1.11.1 Business overview
12.1.11.2 Products/Solutions/Services offered
12.1.11.3 Recent developments
12.1.11.3.1 Deals
12.1.11.3.2 Expansions
12.1.11.4 MnM view
12.1.11.4.1 Key strengths/Right to win
12.1.11.4.2 Strategic choices
12.1.11.4.3 Weaknesses/Competitive threats
12.2 OTHER PLAYERS
12.2.1 MOMENTIVE PERFORMANCE MATERIALS
12.2.2 RADO GUMMI GMBH
12.2.3 AURORA MATERIAL SOLUTIONS
12.2.4 BRP MANUFACTURING
12.2.5 STAR THERMOPLASTIC ALLOYS & RUBBERS, LLC
12.2.6 ELASTRON TPE
12.2.7 RTP COMPANY
12.2.8 AMERICHEM
12.2.9 STOCKWELL ELASTOMERICS
12.2.10 NANJING SISIB SILICONES CO., LTD.
12.2.11 LOPIGOM S.P.A.
12.2.12 CABOT CORPORATION
12.2.13 FUSION-POLYMER
12.2.14 KRAIBURG TPE
12.2.15 ARLANXEO
13 APPENDIX
13.1 DISCUSSION GUIDE
13.2 KNOWLEDGESTORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL
13.3 CUSTOMIZATION OPTIONS
13.4 RELATED REPORTS
13.5 AUTHOR DETAILS
