Global Elastomers Market Outlook to 2027
Elastomer is rubbery material composed of long chainlike molecules or polymers that can recover their original shape after being stretched to great extents. They are lightly cross-linked and amorphous with a glass transition temperature well below room temperature. Factors such as rising transportation activities and a rise in the sales of electric vehicles, coupled with the rising need for high-performance and lightweight materials in vehicle production, is expected to drive the market. In addition to these,growing demand from the medical devices and healthcare sector has played a significant role in the market on account of increasing healthcare expenditures, technological development in the field of medical science, growing aging population, and chronic diseases further drive the market for Elastomersglobally. However, variability in cost is likely to restrain the studied market during the forecast period.
Asia-Pacific is expected to lead the market due to the presence of a large manufacturing basein countries including China, India, Japan, Thailand, and Indonesia. China, during the forecast period, is likely to witness growth in the adoption of electric buses, as nearly 30 Chinese cities have made plans to achieve 100% electrified public transit by 2020, including Guangzhou, Dongguan, Zhuhai, Foshan, and Zhongshan in the Pearl River Delta, along with Nanjing, Hangzhou, Shaanxi, and Shandong. Moreover, other countries such as India, Malaysia, and others are expected to witness increased demand for electronics products and consumer durables mainly due to increasing disposable income. The growingmiddle-class population contributes to the high demand for used products.
Increasing Demand for Styrenic Block Copolymers (TPS) is expected to drive the market. Styrenic block copolymers (TPS) are high-performance materials that are more rubber-like than other thermoplastic elastomers. In terms of volume, these constitute the largest family of thermoplastic elastomers (TPE). In 2019, China became one of the largest styrenic block copolymer markets worldwide. The country is one of the leading footwear producers in the world, followed by India and other Asia-Pacific countries. The footwear industry consumes a significant amount of rubber and elastomers, including styrene block copolymers (especially SBS). Thus, this is likely to increase the demand for the market over the forecast period.
In the year 2019, the market wasfound to behighly fragmented. Some of the key players in the market are BASF SE, JSR Corporation, Lanxess AG, Huntsman International LLC, and The Dow Chemical Company
In December 2019, PolyOne introduced new bio thermoplastic elastomers for over-molding. The product portfolio has the new grades highlight easy color ability, an essential requirement for cosmetics packaging, personal care products, and consumer electronics.
GlobalElastomers Marketreport provides deep insight into the current and future state of the Elastomers market across various regions.The study comprehensively analyzes theElastomers market by segmenting based on geography, by type (Thermoset, Thermoplastic), By End-user (Industrial, Automotive, Medical, Consumer goods, and Others). The report examines the market drivers and restraints that are influencing the growth in detail. The study covers & includes emerging market trends, developments, opportunities, and challenges in the industry. This report also covers extensively researched competitive landscape sections with profiles of major companies including their market shares and projects.
Asia-Pacific is expected to lead the market due to the presence of a large manufacturing basein countries including China, India, Japan, Thailand, and Indonesia. China, during the forecast period, is likely to witness growth in the adoption of electric buses, as nearly 30 Chinese cities have made plans to achieve 100% electrified public transit by 2020, including Guangzhou, Dongguan, Zhuhai, Foshan, and Zhongshan in the Pearl River Delta, along with Nanjing, Hangzhou, Shaanxi, and Shandong. Moreover, other countries such as India, Malaysia, and others are expected to witness increased demand for electronics products and consumer durables mainly due to increasing disposable income. The growingmiddle-class population contributes to the high demand for used products.
Increasing Demand for Styrenic Block Copolymers (TPS) is expected to drive the market. Styrenic block copolymers (TPS) are high-performance materials that are more rubber-like than other thermoplastic elastomers. In terms of volume, these constitute the largest family of thermoplastic elastomers (TPE). In 2019, China became one of the largest styrenic block copolymer markets worldwide. The country is one of the leading footwear producers in the world, followed by India and other Asia-Pacific countries. The footwear industry consumes a significant amount of rubber and elastomers, including styrene block copolymers (especially SBS). Thus, this is likely to increase the demand for the market over the forecast period.
In the year 2019, the market wasfound to behighly fragmented. Some of the key players in the market are BASF SE, JSR Corporation, Lanxess AG, Huntsman International LLC, and The Dow Chemical Company
In December 2019, PolyOne introduced new bio thermoplastic elastomers for over-molding. The product portfolio has the new grades highlight easy color ability, an essential requirement for cosmetics packaging, personal care products, and consumer electronics.
GlobalElastomers Marketreport provides deep insight into the current and future state of the Elastomers market across various regions.The study comprehensively analyzes theElastomers market by segmenting based on geography, by type (Thermoset, Thermoplastic), By End-user (Industrial, Automotive, Medical, Consumer goods, and Others). The report examines the market drivers and restraints that are influencing the growth in detail. The study covers & includes emerging market trends, developments, opportunities, and challenges in the industry. This report also covers extensively researched competitive landscape sections with profiles of major companies including their market shares and projects.
1. Executive Summary
2. Research Scope and Methodology
2.1 Aim & Objective of the study
2.2 Market Definition
2.3 Study Information
2.4 General Study Assumptions
2.5 Research Phases
3. Market Analysis
3.1 Introduction
3.2 Market Dynamics
3.2.1 Drivers
3.2.2 Restraints
3.3 Market Trends & Developments
3.4 Market Opportunities
3.5 Feedstock Analysis
3.6 Regulatory Policies
3.7 Analysis of Covid-19 Impact
4. Industry Analysis
4.1 Supply Chain Analysis
4.2 Porter's Five Forces Analysis
4.2.1 Competition in the Industry
4.2.2 Potential of New Entrants into the Industry
4.2.3 Bargaining Power of Suppliers
4.2.4 Bargaining Power of Consumers
4.2.5 Threat of substitute products
5. Market Segmentation & Forecast
5.1 By Type
5.1.1
Thermoset
5.1.2 Thermoplastic
5.2 By End User
5.2.1 Consumer Goods
5.2.2 Medical
5.2.3 Automotive
5.2.4 Industrial
5.2.5 Others
6. Regional Market Analysis
6.1 North America
6.1.1 United States
6.1.2 Canada
6.1.3 Mexico
6.2 Europe
6.2.1 Germany
6.2.2 United Kingdom
6.2.3 Italy
6.2.4 France
6.2.5 Rest of Europe
6.3 Asia-Pacific
6.3.1 China
6.3.2 India
6.3.3 Japan
6.3.4 Rest of Asia-Pacific
6.4 South America
6.4.1 Brazil
6.4.2 Argentina
6.4.3 Rest of South America
6.5 Middle East & Africa
6.5.1 South Africa
6.5.2 Saudi Arabia
6.5.3 Rest of Middle East & Africa
7. Key Company Profiles
7.1
BASF SE
7.2 JSR Corporation
7.3 Lanxess AG
7.4 Huntsman International LLC
7.5 The Dow Chemical Company
7.6 Ding-Zing Chemical Products Co. Ltd
7.7 Covestro AG
7.8 PolyOne Corporation
7.9 Arkema Inc.
7.10 LG Chem. Ltd.
7.11 Hexpol Compounding
7.12 Argotec
7.13 Kuraray Co. Ltd
7.14 Lubrizol Corp.
7.15 Miracll Chemicals Ltd
*List of companies is not exhaustive
8. Competitive Landscape
8.1 List of Notable Players in the Market
8.2 M&A, JV, and Agreements
8.3 Market Share Analysis
8.4 Strategies of Key Players
9. Conclusions and Recommendations
2. Research Scope and Methodology
2.1 Aim & Objective of the study
2.2 Market Definition
2.3 Study Information
2.4 General Study Assumptions
2.5 Research Phases
3. Market Analysis
3.1 Introduction
3.2 Market Dynamics
3.2.1 Drivers
3.2.2 Restraints
3.3 Market Trends & Developments
3.4 Market Opportunities
3.5 Feedstock Analysis
3.6 Regulatory Policies
3.7 Analysis of Covid-19 Impact
4. Industry Analysis
4.1 Supply Chain Analysis
4.2 Porter's Five Forces Analysis
4.2.1 Competition in the Industry
4.2.2 Potential of New Entrants into the Industry
4.2.3 Bargaining Power of Suppliers
4.2.4 Bargaining Power of Consumers
4.2.5 Threat of substitute products
5. Market Segmentation & Forecast
5.1 By Type
5.1.1
Thermoset
5.1.2 Thermoplastic
5.2 By End User
5.2.1 Consumer Goods
5.2.2 Medical
5.2.3 Automotive
5.2.4 Industrial
5.2.5 Others
6. Regional Market Analysis
6.1 North America
6.1.1 United States
6.1.2 Canada
6.1.3 Mexico
6.2 Europe
6.2.1 Germany
6.2.2 United Kingdom
6.2.3 Italy
6.2.4 France
6.2.5 Rest of Europe
6.3 Asia-Pacific
6.3.1 China
6.3.2 India
6.3.3 Japan
6.3.4 Rest of Asia-Pacific
6.4 South America
6.4.1 Brazil
6.4.2 Argentina
6.4.3 Rest of South America
6.5 Middle East & Africa
6.5.1 South Africa
6.5.2 Saudi Arabia
6.5.3 Rest of Middle East & Africa
7. Key Company Profiles
7.1
BASF SE
7.2 JSR Corporation
7.3 Lanxess AG
7.4 Huntsman International LLC
7.5 The Dow Chemical Company
7.6 Ding-Zing Chemical Products Co. Ltd
7.7 Covestro AG
7.8 PolyOne Corporation
7.9 Arkema Inc.
7.10 LG Chem. Ltd.
7.11 Hexpol Compounding
7.12 Argotec
7.13 Kuraray Co. Ltd
7.14 Lubrizol Corp.
7.15 Miracll Chemicals Ltd
*List of companies is not exhaustive
8. Competitive Landscape
8.1 List of Notable Players in the Market
8.2 M&A, JV, and Agreements
8.3 Market Share Analysis
8.4 Strategies of Key Players
9. Conclusions and Recommendations
LIST OF TABLES
Global Elastomers Market, in USD Million, 2016-2025
Global Elastomers Market, Opportunities, 2016-2025
Global Elastomers Market, Trade Scenario, 2016-2025
Global Elastomers Market, Pricing Analysis, 2016-2025
Global Elastomers Market, Feedstock Analysis, 2018
Thermoset – Elastomers Market, in USD Million, 2016-2025
Thermoplastic – Elastomers Market, in USD Million, 2016-2025
Consumer Goods – Elastomers Market, in USD Million, 2016-2025
Industrial – Elastomers Market, in USD Million, 2016-2025
Medical – Elastomers Market, in USD Million, 2016-2025
Automotive – Elastomers Market, in USD Million, 2016-2025
North America - Elastomers Market, in USD Million, 2016-2025
Europe – Elastomers Market, in USD Million, 2016-2025
Asia-Pacific - Elastomers Market, in USD Million, 2016-2025
South America - Elastomers Market, in USD Million, 2016-2025
Middle East & Africa - Elastomers Market, in USD Million, 2016-2025
Elastomers - Market Share of Key Companies in 2018
Other Supporting Charts
Healthcare Industry Growth Data, 2013-2019
Automotive Industry Growth Data, 2013-2019
Global Elastomers Market, in USD Million, 2016-2025
Global Elastomers Market, Opportunities, 2016-2025
Global Elastomers Market, Trade Scenario, 2016-2025
Global Elastomers Market, Pricing Analysis, 2016-2025
Global Elastomers Market, Feedstock Analysis, 2018
Thermoset – Elastomers Market, in USD Million, 2016-2025
Thermoplastic – Elastomers Market, in USD Million, 2016-2025
Consumer Goods – Elastomers Market, in USD Million, 2016-2025
Industrial – Elastomers Market, in USD Million, 2016-2025
Medical – Elastomers Market, in USD Million, 2016-2025
Automotive – Elastomers Market, in USD Million, 2016-2025
North America - Elastomers Market, in USD Million, 2016-2025
Europe – Elastomers Market, in USD Million, 2016-2025
Asia-Pacific - Elastomers Market, in USD Million, 2016-2025
South America - Elastomers Market, in USD Million, 2016-2025
Middle East & Africa - Elastomers Market, in USD Million, 2016-2025
Elastomers - Market Share of Key Companies in 2018
Other Supporting Charts
Healthcare Industry Growth Data, 2013-2019
Automotive Industry Growth Data, 2013-2019
