Global Automotive Elastomers
Market Report
2024
Automotive Elastomers Market size is USD 32.10 Billion in 2024 and will expand at a compound annual growth rate (CAGR) of 6.00% from 2024 to 2031.
The base year for the calculation is 2023 and 2019 to 2023 will be historical period. The year 2024 will be estimated one while the forecasted data will be from year 2025 to 2031. When we deliver the report that time we updated report data till the purchase date.
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According to Cognitive Market Research, the global Automotive Elastomers market size is USD 32.10 billion in 2024 and will expand at a compound annual growth rate (CAGR) of 6.00% from 2024 to 2031.
Base Year | 2023 |
Historical Data Time Period | 2019-2023 |
Forecast Period | 2024-2031 |
Global Automotive Elastomers Market Sales Revenue 2024 | $ 32.1 Billion |
Global Automotive Elastomers Market Compound Annual Growth Rate (CAGR) for 2024 to 2031 | 6% |
Market Split by Type |
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Market Split by Application |
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List of Competitors |
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Regional Analysis |
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Country Analysis |
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Key Qualitative Information Covered |
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Report scope is customizable as we have a huge database of Automotive Elastomers industry. We can deliver an exclusive report Edition/Consultation as per your data requirements. Request for your Free Sample Pages.
Automotive Elastomers Market is Segmented as below. Particular segment of your interest can be provided without any additional cost. Download the Sample Pages!
The automotive elastomers are distinguished by their cross-linked polymer structure formed through chemical bonding. They find application in various automobile components such as body panels, belts, hoses, seating, dashboards, airbags, door panels, and more. These elastomers surpass traditional rubber counterparts in properties like heat resistance, flexibility, durability, aging resistance, and resistance to oil, gas, chemicals, weathering, and ozone. One of the major factors boosting the growth of the Automotive Elastomers market is the increasing demand for electric vehicles (EVs). As environmental concerns and regulatory pressures intensify, consumers are increasingly seeking eco-friendly transportation options. The advancement of EV technology, coupled with government incentives and infrastructure development, has significantly boosted EV adoption rates.
Rising Demand for Lightweight and Fuel-Efficient Vehicles to Increase the Demand Globally - One key driver in the Automotive Elastomers market is the rising demand for lightweight and fuel-efficient vehicles. Automotive manufacturers are responding by investing in lightweight materials and advanced engineering techniques to improve fuel efficiency. As consumers prioritize sustainability and cost savings, the demand for such vehicles is expected to continue increasing, driving growth in the automotive market worldwide. Development of the Automotive Sector
Fluctuating Prices of Raw Materials Supply Chain Disruptions
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In April 2024, Huntsman introduced innovative SHOKLESS™ polyurethane systems designed to enhance the safety of electric vehicle (EV) batteries. These advanced foam systems provide a flexible solution aimed at protecting the structural integrity of EV batteries in the event of impact or thermal incidents.
Top Companies Market Share in Automotive Elastomers Industry: (In no particular order of Rank)
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According to Cognitive Market Research, North America dominated the market in 2024 and accounted for around 40% of the global revenue. North America emerges as the dominant region in the Automotive Elastomers market due to increasing consumer demand for advanced vehicle technologies, including electric vehicles and autonomous driving systems. Further, favorable government policies, such as tax incentives and infrastructure investments, are encouraging the adoption of cleaner and more efficient vehicles. Partnerships between traditional automotive manufacturers and technology companies are also contributing to innovation and market expansion in the region.
Asia-Pacific stands out as the fastest-growing region in the Automotive Elastomers market due to urbanization, rising incomes, and a growing middle class. Government initiatives promoting electric mobility and emissions regulations are fetching the adoption of electric vehicles and advanced automotive technologies. Collaboration between regional and international automotive manufacturers and technology firms is fostering innovation. Further, with its dynamic economic landscape, this region presents lucrative opportunities for automotive industry growth and development.
The current report Scope analyzes Automotive Elastomers Market on 5 major region Split (In case you wish to acquire a specific region edition (more granular data) or any country Edition data then please write us on info@cognitivemarketresearch.com
The above graph is for illustrative purposes only.
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Global Automotive Elastomers Market Report 2024 Edition talks about crucial market insights with the help of segments and sub-segments analysis. In this section, we reveal an in-depth analysis of the key factors influencing Automotive Elastomers Industry growth. Automotive Elastomers market has been segmented with the help of its Type, Application , and others. Automotive Elastomers market analysis helps to understand key industry segments, and their global, regional, and country-level insights. Furthermore, this analysis also provides information pertaining to segments that are going to be most lucrative in the near future and their expected growth rate and future market opportunities. The report also provides detailed insights into factors responsible for the positive or negative growth of each industry segment.
Quality management is the major parameter to meet specific standards and specifications, reliability and consistency. The chemical and material industry is full of various types of chemicals and it is necessary to focus on quality management because it may affect environment & other equipment. Raw materials plays an important role in this industry. The chemical industry converts these raw materials into primary, secondary, and tertiary products. Fluctuations in raw material prices may impact the market growth in the near future. This study includes the revenue generation of each type in each region for the year 2019 to 2031. Additionally it also provides detailed supply chain analysis along with current trends in the market which are expected to propel the market growth in the coming year.
Type of Automotive Elastomers analyzed in this report are as follows:
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According to Cognitive Market Research, Tire stands out as the dominating category. With increasing vehicle production and consumer demand for fuel-efficient and high-performance tires, this segment experiences robust expansion. Innovative elastomer technologies enable the development of eco-friendly and noise-reducing tire solutions, meeting evolving consumer preferences. Furthermore, the surge in electric vehicle adoption fuels demand for specialized tires catering to their distinct performance needs.
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Senior Research Analyst at Cognitive Market Research
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Manoj Phagare is a dynamic and results-driven research analyst with a passion for transforming raw data into actionable insights. Armed with a solid foundation in market research and data analysis and working in various domains including chemical & materials and paints & coatings. He thrive on the challenge of uncovering patterns, trends, and opportunities that drive strategic decision-making.His analytical mindset, coupled with effective communication skills, allows him to bridge the gap between data analysis and practical business applications.
In his current role, Manoj is a key player in market research and competitive analysis. He have a proven track record of synthesizing disparate data sources, employing statistical models, and delivering comprehensive insights. He have played a pivotal role in shaping evidence-based strategies that fueled the success of key business initiatives and Collaborating with cross-functional teams.Manoj remains an invaluable asset in the dynamic landscape of market research.
Our study will explain complete manufacturing process along with major raw materials required to manufacture end-product. This report helps to make effective decisions determining product position and will assist you to understand opportunities and threats around the globe.
The Global Automotive Elastomers Market is witnessing significant growth in the near future.
In 2023, the Natural Rubbers (NR) segment accounted for noticeable share of global Automotive Elastomers Market and is projected to experience significant growth in the near future.
The Tire segment is expected to expand at the significant CAGR retaining position throughout the forecast period.
Some of the key companies Arkema (France) , BASF SE (Germany) and others are focusing on its strategy building model to strengthen its product portfolio and expand its business in the global market.
Please note, we have not disclose, all the sources consulted/referred during a market study due to confidentiality and paid service concern. However, rest assured that upon purchasing the service or paid report version, we will release the comprehensive list of sources along with the complete report and we also provide the data support where you can intract with the team of analysts who worked on the report.
Disclaimer:
Type | Natural Rubbers (NR), Butyl Elastomers (IIR), Butadiene (BR) (Polybutadiene) Elastomers, Ethylene-propylene (EPM/EPDM) Elastomers, Polyisoprene (IR) Elastomers, Others |
Application | Tire, Non-Tire |
List of Competitors | Arkema (France), Asahi Kasei Corporation (Japan), BASF SE (Germany), Dow (U.S), Covestro AG (Germany), Huntsman International LLC. (U.S.), Teknor Apex (U.S.), The Lubrizol Corporation (U.S.), Tosh Corporation (Japan), Kraton Corporation (U.S.), China Petroleum Corporation (China), Mitsubishi Chemical Company (Japan), DuPont (U.S.), SIBUR (Russia), Evonik (Germany), Dynasol Group (Spain) |
This chapter will help you gain GLOBAL Market Analysis of Automotive Elastomers. Further deep in this chapter, you will be able to review Global Automotive Elastomers Market Split by various segments and Geographical Split.
Chapter 1 Global Market Analysis
Global Market has been segmented on the basis 5 major regions such as North America, Europe, Asia-Pacific, Middle East & Africa, and Latin America.
You can purchase only the Executive Summary of Global Market (2019 vs 2024 vs 2031)
Global Market Dynamics, Trends, Drivers, Restraints, Opportunities, Only Pointers will be deliverable
Chapter 2 North America Market Analysis
Chapter 3 Europe Market Analysis
Chapter 4 Asia Pacific Market Analysis
Chapter 5 South America Market Analysis
Chapter 6 Middle East and Africa Market Analysis
Only Available with Corporate User License
Chapter 7 Top 10 Countries Analysis (Only Available with Corporate User License)
Competitor's Market Share and Revenue (Subject to Data Availability for Private Players)
Chapter 8 Competitor Analysis (Subject to Data Availability (Private Players))
(Subject to Data Availability (Private Players))
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Chapter 9 Qualitative Analysis (Subject to Data Availability)
Segmentation Type Analysis 2019 -2031, will provide market size split by Type. This Information is provided at Global Level, Regional Level and Top Countries Level The report with the segmentation perspective mentioned under this chapters will be delivered to you On Demand. So please let us know if you would like to receive this additional data as well. No additional cost will be applicable for the same.
Chapter 10 Market Split by Type Analysis 2019 -2031
The report with the segmentation perspective mentioned under this chapters will be delivered to you On Demand. So please let us know if you would like to receive this additional data as well. No additional cost will be applicable for the same.
Chapter 11 Market Split by Application Analysis 2019 -2031
This chapter helps you understand the Key Takeaways and Analyst Point of View of the global Automotive Elastomers market
Chapter 12 Research Findings
Here the analyst will summarize the content of entire report and will share his view point on the current industry scenario and how the market is expected to perform in the near future. The points shared by the analyst are based on his/her detailed in-depth understanding of the market during the course of this report study. You will be provided exclusive rights to interact with the concerned analyst for unlimited time pre purchase as well as post purchase of the report.
Why Natural Rubbers (NR) have a significant impact on Automotive Elastomers market? |
What are the key factors affecting the Natural Rubbers (NR) and Butyl Elastomers (IIR) of Automotive Elastomers Market? |
What is the CAGR/Growth Rate of Tire during the forecast period? |
By type, which segment accounted for largest share of the global Automotive Elastomers Market? |
Which region is expected to dominate the global Automotive Elastomers Market within the forecast period? |
Segmentation Level Customization |
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Global level Data Customization |
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Region level Data Customization |
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Country level Data Customization |
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Company Level |
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Additional Data Analysis |
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Additional Qualitative Data |
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Additional Quantitative Data |
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Service Level Customization |
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