HOME Top Market Reports 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

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

By: marketsandmarkets.com
Publishing Date: January 2017
Report Code: CH 4962

 

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The global market size of elastomers is estimated to reach USD 92.36 Billion by 2021, at a CAGR of 4.6% from 2016 to 2021, in terms of value. The base year considered for the study is 2015, while the forecast period is between 2016 and 2021. The elastomers market is driven by the increasing demand from the automotive industry and advancement in the Thermoplastic Elastomer (TPE) processing.

Objectives of the study:

  • To define, describe, and forecast the elastomers market on the basis of type, application, and region
  • To provide analysis of the elastomers market by region, namely, North America, Europe, Asia-Pacific, Middle East & Africa, and South America
  • To provide detailed information about the key factors influencing the growth of the market (drivers, restraints, opportunities, and challenges)
  • To strategically analyze micromarkets1 with respect to individual growth trends, future prospects, and contribution to the total market
  • To analyze the opportunities in the market for stakeholders and provide a competitive landscape for market leaders
  • To strategically profile key players and comprehensively analyze their market shares and core competencies2

Note 1: Micromarkets are the subsegments of the elastomers market included in the report.
Note 2: Core competencies of companies are determined in terms of key developments, SWOT analysis, and key strategies adopted by them to sustain in the market.

Both, top-down and bottom-up approaches have been used to estimate and validate the size of the global elastomers market and to estimate the size of various other dependent submarkets. The research study involved the use of extensive secondary sources, directories, and databases such as Hoovers, Bloomberg, Chemical Weekly, Factiva, Commonwealth Scientific and Industrial Research Organization (CSIRO), Securities And Exchange Commission (SEC), American National Standards Institute (ANSI), Organization for Economic Co-operation and Development (OECD), and other government and private websites to identify and collect information useful for the technical, market-oriented, and commercial study of the elastomers market.

Elastomers Market

To know about the assumptions considered for the study, download the pdf brochure

Market Ecosystem

Elastomers are manufactured from various raw materials such as EPDM, polyols, di-isocyanates, and other materials. These raw materials are supplied to the major manufacturers of elastomers, such Arkema SA (France), BASF SE (Germany), Bayer AG (Germany), Sinopec (China), The Dow Chemical Company (U.S.), Evonik Industries (Germany), and Huntsman Corporation (U.S.). These companies adopted strategies, such as joint ventures, expansions, and acquisitions to achieve growth in the market.

Key Target Audience:

  • Manufacturers of Elastomers
  • Traders, Distributors, and Suppliers of Elastomers
  • Regional Manufacturers’ Associations
  • Government and Regional Agencies and Research Organizations

“This Study answers several questions for the stakeholders, primarily which market segments to focus in the next two to five years for prioritizing the efforts and investments”.

Scope of the Report:

This research report categorizes the elastomers market on the basis of type, application, and region.

On the basis of type:

  • 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)

On the basis of Application:

  • Automotive
  • Consumer Goods
  • Medical
  • Industrial
  • Others

On the basis of Region:

  • North America
  • Europe
  • Asia-Pacific
  • Middle East & Africa
  • South America

The market has been further analyzed for the key countries in each of these regions

Available Customizations:

Along the given market data, MarketsandMarkets offers customizations according to the company’s specific needs. The following customization options are available for the report:

Regional Analysis:

Country-level analysis of the elastomers market, based on application

Company Information:

Detailed analysis and profiling of additional market players

Table of Contents

1 Introduction (Page No. - 13)
    1.1 Objectives of the Study
    1.2 Market Definition
    1.3 Market Scope
           1.3.1 Markets Covered
           1.3.2 Years Considered for the Study
    1.4 Currency
    1.5 Stakeholders

2 Research Methodology (Page No. - 16)
    2.1 Research Data
           2.1.1 Key Data From Secondary Sources
           2.1.2 Key Data From Primary Sources
    2.2 Market Size Estimation
    2.3 Data Triangulation
    2.4 Research Assumptions and Limitations
           2.4.1 Assumptions
           2.4.2 Limitations

3 Executive Summary (Page No. - 25)

4 Premium Insights (Page No. - 29)
    4.1 Significant Opportunities in the Elastomers Market
    4.2 Elastomers Market, By Application, 2014–2021
    4.3 Elastomers Market Share, By Region
    4.4 Elastomers Market, By Type, 2014–2021
    4.5 Elastomers Market Share, By End-Use Industry and By Region

5 Market Overview (Page No. - 34)
    5.1 Introduction
    5.2 Market Dynamics
           5.2.1 Drivers
                    5.2.1.1 Growing Demand From the Automotive Industry
                    5.2.1.2 Advancement in the Thermoplastic Elastomer (TPE) Processing Industry
           5.2.2 Restraints
                    5.2.2.1 High Cost Involved in Processing of Hte
           5.2.3 Opportunities
                    5.2.3.1 Development of Bio-Based Elastomers
                    5.2.3.2 Evolution of Emerging Applications
           5.2.4 Challenges
                    5.2.4.1 Price Volatility
                    5.2.4.2 Intra-Elastomer Segment Replacement

6 Industry Trends (Page No. - 41)
    6.1 Introduction
    6.2 Value Chain Analysis
           6.2.1 Producers
           6.2.2 Suppliers & Distributors
           6.2.3 End-Use Industry
    6.3 Porter’s Five Forces Analysis
           6.3.1 Threat of New Entrants
           6.3.2 Threat of Substitutes
           6.3.3 Bargaining Power of Buyers
           6.3.4 Bargaining Power of Suppliers
           6.3.5 Intensity of Competitive Rivalry

7 Elastomers Market, By Type (Page No. - 47)
    7.1 Introduction
    7.2 Thermoset Elastomer
           7.2.1 Natural Rubber
           7.2.2 Synthetic Rubber
                    7.2.2.1 Styrene-Butadiene Elastomer
                    7.2.2.2 Butyl Elastomer
                    7.2.2.3 Butadiene (Polybutadiene) Elastomer
                    7.2.2.4 Nitrile Elastomer
                    7.2.2.5 Acrylic Elastomer
                    7.2.2.6 Ethylene-Propylene Elastomer
                    7.2.2.7 Silicone (Q) Elastomers
                    7.2.2.8 Fluoroelastomers
                               7.2.2.8.1 Fluorocarbon (FKM) Elastomer
                               7.2.2.8.2 Fluorsilicone (FQ) Elastomer
                               7.2.2.8.3 Perfluorocarbon (FFKM) Elastomer
    7.3 Thermoplastic Elastomer
           7.3.1 Styrene Block Copolymer
           7.3.2 Thermoplastic Polyurethane
           7.3.3 Thermoplastic Polyolefins
           7.3.4 Thermoplastic Vulcanizates
           7.3.5 Thermoplasticpolyester Elastomers
           7.3.6 Polyether Block Amide

8 Elastomer Market, By End-Use Industry (Page No. - 56)
    8.1 Introduction
    8.2 Automotive
           8.2.1 Tire
           8.2.2 Other Automotives
    8.3 Medical
    8.4 Consumer Goods
           8.4.1 Footwear
    8.5 Industrial
           8.5.1 Wire & Cable
    8.6 Others
           8.6.1 Building & Construction
           8.6.2 Photovoltaics
           8.6.3 Mining, Oil & Gas

9 Elastomers Market, By Region (Page No. - 62)
    9.1 Introduction
    9.2 Asia-Pacific
           9.2.1 China
           9.2.2 India
           9.2.3 Japan
           9.2.4 South Korea
           9.2.5 Thailand
           9.2.6 Rest of Asia-Pacific
    9.3 Europe
           9.3.1 Germany
           9.3.2 France
           9.3.3 Italy
           9.3.4 U.K.
           9.3.5 Spain
           9.3.6 Rest of Europe
    9.4 North America
           9.4.1 U.S.
           9.4.2 Canada
           9.4.3 Mexico
    9.5 South America
           9.5.1 Brazil
           9.5.2 Rest of South America
    9.6 Middle East & Africa
           9.6.1 Saudi Arabia
           9.6.2 South Africa
           9.6.3 Rest of Middle East & Africa

10 Competitive Landscape (Page No. - 97)
     10.1 Overview
             10.1.1 New Product Launches
             10.1.2 Expansions
             10.1.3 Collaborations & Joint Ventures
             10.1.4 Mergers & Acqusitions
             10.1.5 Agreements
     10.2 Global Market Share Analysis: Elastomers

11 Company Profiles (Page No. - 104)
(Overview, Financial*, Products & Services, Strategy, and Developments)
     11.1 BASF SE
     11.2 The DOW Chemical Company
     11.3 JSR Corporation
     11.4 E. I. Du Pont De Nemours and Company
     11.5 Lanxess AG
     11.6 Zeon Corporation
     11.7 Kuraray Co., Ltd.
     11.8 Covestro AG
     11.9 Nizhnekamskneftekhim PJSC
     11.10 Teknor Apex

*Details Might Not Be Captured in Case of Unlisted Companies.

12 Appendix (Page No. - 130)
     12.1 Insights From Industry Experts
     12.2 Discussion Guide
     12.3 Knowledge Store: Marketsandmarkets Subscription Portal
     12.4 Introducing RT: Real Time Market Intelligence
     12.5 Available Customizations
     12.6 Related Reports
     12.7 Author Details


List of Tables (74 Tables)

Table 1 Elastomers Market Size, By Region, 2015–2021 (USD Billion)
Table 2 Market Segmentation Elastomers Market, By Type
Table 3 Elastomers Market, By End-Use Industry
Table 4 Elastomers Market Size, By Type, 2014-2026 (Kiloton)
Table 5 Elastomers Market Size, By Type, 2014-2021 (USD Million)
Table 6 Elastomer Market Size, By End-Use Industry, 2014–2021 (Kiloton)
Table 7 Elastomer Market Size, By End-Use Industry, 2014–2021 (USD Million)
Table 8 Elastomers Market Size, By Region, 2014–2021 (Kiloton)
Table 9 Elastomers Market Size, By Region, 2014–2021 (USD Billion)
Table 10 Asia-Pacific: Elastomers Market Size, By Country, 2014–2021 (Kiloton)
Table 11 Asia-Pacific: Elastomers Market Size, By Country, 2014–2021 (USD Million)
Table 12 Asia-Pacific: Elastomers Market Size, By End-Use Industry, 2014–2021 (Kiloton)
Table 13 Asia-Pacific: Elastomers Market Size, By End-Use Industry, 2014–2021 (USD Million)
Table 14 China: Elastomers Market Size, By End-Use Industry, 2014–2021 (Kiloton)
Table 15 China: Elastomers Market Size, By End-Use Industry, 2014–2021 (USD Million)
Table 16 India: Elastomers Market Size, By End-Use Industry, 2014–2021 (Kiloton)
Table 17 India: Elastomers Market Size, By End-Use Industry, 2014–2021 (USD Million)
Table 18 Japan: Elastomers Market Size, By End-Use Industry, 2014–2021 (Kiloton)
Table 19 Japan: Elastomers Market Size, By End-Use Industry, 2014–2021 (USD Million)
Table 20 South Korea: Elastomers Market Size, By End-Use Industry, 2014–2021 (Kiloton)
Table 21 South Korea: Elastomers Market Size, By End-Use Industry, 2014–2021 (USD Million)
Table 22 Thailand: Elastomers Market Size, By End-Use Industry, 2014–2021 (Kiloton)
Table 23 Thailand: Elastomers Market Size, By End-Use Industry, 2014–2021 (USD Million)
Table 24 Rest of Asia-Pacific: Elastomers Market Size, By End-Use Industry, 2014–2021 (Kiloton)
Table 25 Rest of Asia-Pacific: Elastomers Market Size, By End-Use Industry, 2014–2021 (USD Million)
Table 26 Europe: Elastomers Market Size, By Country, 2014–2021 (Kiloton)
Table 27 Europe: Elastomers Market Size, By Country, 2014–2021 (USD Million)
Table 28 Europe: Elastomers Market Size, By End-Use Industry, 2014–2021 (Kiloton)
Table 29 Europe: Elastomers Market Size, By End-Use Industry, 2014–2021 (USD Million)
Table 30 Germany: Elastomers Market Size, By End-Use Industry, 2014–2021 (Kiloton)
Table 31 Germany: Elastomers Market Size, By End-Use Industry, 2014–2021 (USD Million)
Table 32 France: Elastomers Market Size, By End-Use Industry, 2014–2021 (Kiloton)
Table 33 France: Elastomers Market Size, By End-Use Industry, 2014–2021 (USD Million)
Table 34 Italy: Elastomers Market Size, By End-Use Industry, 2014–2021 (Kiloton)
Table 35 Italy: Elastomers Market Size, By End-Use Industry, 2014–2021 (USD Million)
Table 36 U.K.: Elastomers Market Size, By End-Use Industry, 2014–2021 (Kiloton)
Table 37 U.K.: Elastomers Market Size, By End-Use Industry, 2014–2021 (USD Million)
Table 38 Spain: Elastomers Market Size, By End-Use Industry, 2014–2021 (Kiloton)
Table 39 Spain: Elastomers Market Size, By End-Use Industry, 2014–2021 (USD Million)
Table 40 Rest of Europe: Elastomers Market Size, By End-Use Industry, 2014–2021 (Kiloton)
Table 41 Rest of Europe.: Elastomers Market Size, By End-Use Industry, 2014–2021 (USD Million)
Table 42 North America: Elastomers Market Size, By Country, 2014–2021 (Kiloton)
Table 43 North America: Elastomers Market Size, By Country, 2014–2021 (USD Million)
Table 44 North America: Elastomers Market Size, By End-Use Industry, 2014–2021 (Kiloton)
Table 45 North America: Elastomers Market Size, By End-Use Industry, 2014–2021 (USD Million)
Table 46 U.S.: Elastomers Market Size, By End-Use Industry, 2014–2021 (Kiloton)
Table 47 U.S.: Elastomers Market Size, By End-Use Industry, 2014–2021 (USD Million)
Table 48 Canada: Elastomers Market Size, By End-Use Industry, 2014–2021 (Kiloton)
Table 49 Canada: Elastomers Market Size, By End-Use Industry, 2014–2021 (USD Million)
Table 50 Mexico: Elastomers Market Size, By End-Use Industry, 2014–2021 (Kiloton)
Table 51 Mexico: Elastomers Market Size, By End-Use Industry, 2014–2021 (USD Million)
Table 52 South America: Elastomers Market Size, By Country, 2014–2021 (Kiloton)
Table 53 South America: Elastomers Market Size, By Country, 2014–2021 (USD Million)
Table 54 South America: Elastomers Market Size, By End-Use Industry, 2014–2021 (Kiloton)
Table 55 South America: Elastomers Market Size, By End-Use Industry, 2014–2021 (USD Million)
Table 56 Brazil: Elastomers Market Size, By End-Use Industry, 2014–2021 (Kiloton)
Table 57 Brazil: Elastomers Market Size, By End-Use Industry, 2014–2021 (USD Million)
Table 58 Rest of South America: Elastomers Market Size, By End-Use Industry, 2014–2021 (Kiloton)
Table 59 Rest of South America: Elastomers Market Size, By End-Use Industry, 2014–2021 (USD Million)
Table 60 Middle East & Africa: Elastomers Market Size, By Country, 2014–2021 (Kiloton)
Table 61 Middle East & Africa: Elastomers Market Size, By Country, 2014–2021 (USD Million)
Table 62 Middle East & Africa: Elastomers Market Size, By End-Use Industry, 2014–2021 (Kiloton)
Table 63 Middle East & Africa: Elastomers Market Size, By End-Use Industry, 2014–2021 (USD Million)
Table 64 Saudi Arabia: Elastomers Market Size, By End-Use Industry, 2014–2021 (Kiloton)
Table 65 Saudi Arabia: Elastomers Market Size, By End-Use Industry, 2014–2021 (USD Million)
Table 66 South Africa: Elastomers Market Size, By End-Use Industry, 2014–2021 (Kiloton)
Table 67 South Africa: Elastomers Market Size, By End-Use Industry, 2014–2021 (USD Million)
Table 68 Rest of Middle East & Africa: Elastomers Market Size, By End-Use Industry, 2014–2021 (Kiloton)
Table 69 Rest of Middle East & Africa: Elastomers Market Size, By End-Use Industry, 2014–2021 (USD Million)
Table 70 New Product Launches (2012-2016)
Table 71 Expansions (2012-2016)
Table 72 Collaborations & Joint Ventures (2012-2016)
Table 73 Mergers & Acquisitions (2012-2016)
Table 74 Agreements (2012-2016)


List of Figures (43 Figures)

Figure 1 Elastomers: Market Segmentation
Figure 2 Elastomers Market: Research Design
Figure 3 Key Industry Insights
Figure 4 Breakdown of Primary Interviews
Figure 5 Bottom-Up Approach
Figure 6 Top-Down Approach
Figure 7 Elastomers: Data Triangulation
Figure 8 Natural Rubber Will Continue to Dominate the Elastomers Market Till 2021
Figure 9 Automotive Industry Will Continue to Drive the Elastomers Market Till 2021
Figure 10 Asia-Pacific to Be the Fastest-Growing Elastomers Market Between 2016 and 2021
Figure 11 Attractive Opportunities in the Elastomers Market, 2016 vs 2021 (USD Million)
Figure 12 The Elastomers Market in Automotive Accounted for the Largest Share, 2014–2021
Figure 13 Asia-Pacific Accounted for the Largest Share of the Global Elastomers Market in 2015
Figure 14 Natural Rubbers to Dominate the Elastomers Market
Figure 15 Automotive Was the Largest End-Use Industry of Elastomers, 2015
Figure 16 Elastomers Market, By Region
Figure 17 Drivers, Restraints, Opportunities, and Challenges in the Elastomers Market
Figure 18 Elastomers: Value Chain Analysis
Figure 19 Porter’s Five Forces Analysis: Elastomers Market
Figure 20 Natural Rubber to Dominate the Elastomers Market During the Forecast Period
Figure 21 Medical to Be the Fastest Growing End-Use Industry During the Forecast Period
Figure 22 India, China, and Thailand to Emerge as the New Hotspots in Global Elastomers Market, 2016–2021
Figure 23 Regional Snapshot (2015): Asia-Pacific Was the Largest Market for Elastomers
Figure 24 China to Remain the Leading Player in the Elastomers Market in Asia-Pacific, 2016–2021
Figure 25 The U.S. Was the Key Elastomers Market in North America, 2015
Figure 26 The U.S. to Remain the Leading Player in the Elastomers Market in North America, 2016–2021
Figure 27 Companies Adopted New Product Launches as the Key Growth Strategy, 2012-2016
Figure 28 Top Companies Adopted New Product Launches as the Key Growth Strategy Between 2012 and 2016
Figure 29 Lanxess AG Dominated the Global Elastomers Market, 2015
Figure 30 BASF SE: Company Snapshot
Figure 31 BASF SE: SWOT Analysis
Figure 32 The DOW Chemical Company: Company Snapshot
Figure 33 The DOW Chemical Company: SWOT Analysis
Figure 34 JSR Corporation: Company Snapshot
Figure 35 JSR Corporation: SWOT Analysis
Figure 36 E. I. Du Pont De Nemours and Company: Company Snapshot
Figure 37 E. I. Du Pont De Nemours and Company: SWOT Analysis
Figure 38 Lanxess AG: Company Snapshot
Figure 39 Lanxess AG: SWOT Analysis
Figure 40 Zeon Corporation: Company Snapshot
Figure 41 Kuraray Co., Ltd.: Company Snapshot
Figure 42 Covestro AG: Company Snapshot
Figure 43 Nizhnekamskneftekhim PJSC: Company Snapshot

The global elastomers market is estimated to reach USD 92.36 Billion by 2021 at a CAGR of 4.6% from 2016 to 2021.

The elastomers market has witnessed significant growth in the recent years. Elastomers, due to their properties, such as high thermal stability, greater chemical resistance, high tensile strength, low shrinkage, and greater design flexibility, are used in a wide range of applications, including automotive, medical, consumer goods, industrial, and others.

The main types of elastomers are Thermoplastic Vulcanizates (TPV), silicone (Q), Thermoplastic Polyolefin (TPO), Natural Rubber (NR), Ethylene Propylene Elastomer (EPM), Butyl Elastomer (IIR), and Styrene Butadiene Rubber (SBR). The NR segment is estimated to lead the elastomers market in 2016, due to the suitability of natural rubber in several applications. The TPV segment is estimated to witness the highest growth during the forecast period, due to the increasing adoption of thermoplastic vulcanizates in various applications segments.

Elastomers are used in applications, including automotive, medical, consumer goods, industrial, and others. These are the main applications considered in the report. The automotive application segment is estimated to lead the elastomers market, while the medical segment is projected to witness highest growth during the forecast period, owing to the rising demand for elastomers from these applications.

North America, Europe, Asia-Pacific, Middle East & Africa, and South America are considered the key market for elastomers in the report. Asia-Pacific is estimated to dominate the elastomers market, owing to the rising demand for elastomers, driven by its increased use in the automotive and medical industries. North America is the second-largest consumer of elastomers, globally. The market in this region is mainly driven by the growth in the automotive industry.

Elastomers Market

The elastomers market is expected to witness significant growth in the coming years. However, factors such as high price of raw materials and rising cost of production may hinder the growth of the market.

BASF SE (Germany), The Dow Chemical Company (U.S.), JSR Corporation (Japan), E. I. du Pont de Nemours and Company (U.S.), and Lanxess AG (Germany) are the key companies operational in the elastomers market. Entering into related industries and targeting new markets will enable the elastomer manufacturers to overcome the effects of volatile economy, leading to diversified business portfolio and increase in revenue. Other major manufacturers of elastomers are Zeon Corporation (Japan), Kuraray Co., Ltd. (Japan), Covestro AG (Germany), Nizhnekamskneftekhim PJSC (Russia), and Teknor Apex Company (U.S.).

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