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”, published by MarketsandMarkets, the market 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”
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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.
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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.
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.
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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), and Teknor Apex Company (U.S.).
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High Temperature Elastomers Market by Type (Fluorocarbon Elastomers, Fluorsilicone Elastomers, Perfluorocarbon Elastomers, Silicone Elastomers, and Others), by Application (Transportation, Electrical & Electronics, Healthcare, Consumer Goods, Industrial Machinery, and Others) — Global Trends & Forecast to 2019
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The Global Thermoplastic Elastomers Market Research Report - Industry Analysis, Size, Share, Growth, Trends and Forecast Till 2026 gives an evaluation of the market developments based on historical studies and comprehensive research respectively.
The market segments are also provided with an in-depth outlook of the competitive landscape and a listing of the profiled key players.The comprehensive value chain analysis of the market will assist in attaining better product differentiation, along with detailed understanding of the core competency of each activity involved.
The market attractiveness analysis provided in the report aptly measures the potential value of the market providing business strategists with the latest growth opportunities.The report classifies the market into different segments based on product and application.
These segments are studied in detail incorporating the market estimates and forecasts at regional and country level.
The segment analysis is useful in understanding the growth areas and probable opportunities of the market.Leading Segment in this market:By Application – AutomotiveBy Geography – Asia PacificFinal Report will cover the impact of COVID-19 on this industry.Browse the complete Global Thermoplastic Elastomers Market Research Report – Industry Analysis, Size, Share, Growth, Trends and Forecast Till 2026 @ https://www.decisiondatabases.com/ip/10453-thermoplastic-elastomers-market-reportThe report also covers the complete competitive landscape of the global Thermoplastic Elastomers market with company profiles of key players such as:BASF AgBayer AgChina Petroleum & Chemical Corporation (Sinopec)Dow ChemicalsDynasolHuntsman CorporationKraton Polymers LLCLCY Chemical CorpLG ChemLubrizolMerquinsaNippon PolyurethanePolyone CorporationTSRC CorporationYantai Wanhua Polyurethane Co., LtdA detailed description of each has been included, with information in terms of H.Q, future capacities, key mergers & acquisitions, financial overview, partnerships, collaborations, new product launches, new product developments and other latest industrial developments.SEGMENTATIONS IN THE REPORT:By Product:Styrene Block Copolymer (SBC).Thermoplastic Polyurethanes (TPU)Thermoplastic Polyolefins (TPO)Thermoplastic Vulcanizates (TPV)Copolymer Esters (COPE)Other TPE (Thermoplastic Polayamide)By Applications:AutomotiveBuilding & ConstructionFootwearEngineeringWires & CablesMedicalOther ApplicationsBy Geography:North America (NA)Europe (EU)Asia Pacific (APAC)Rest of the World (RoW)Download Free Sample Report of Global Thermoplastic Elastomers Market @ https://www.decisiondatabases.com/contact/download-sample-10453The Global Thermoplastic Elastomers Market has been exhibited in detail in the following chapters –Chapter 1 Thermoplastic Elastomers Market PrefaceChapter 2 Executive SummaryChapter 3 Thermoplastic Elastomers Industry AnalysisChapter 4 Thermoplastic Elastomers Market Value Chain AnalysisChapter 5 Thermoplastic Elastomers Market Analysis By ProductChapter 6 Thermoplastic Elastomers Market Analysis By ApplicationsChapter 7 Thermoplastic Elastomers Market Analysis By GeographyChapter 8 Competitive Landscape Of Thermoplastic Elastomers CompaniesChapter 9 Company Profiles Of Thermoplastic Elastomers IndustryPurchase the complete Global Thermoplastic Elastomers Market Research Report @ https://www.decisiondatabases.com/contact/buy-now-10453Other Reports by DecisionDatabases.com:Global Thermoplastic Polyester Elastomer (TPEE) Market Research Report – Industry Analysis, Size, Share, Growth, Trends and Forecast Till 2026Global Silicone Elastomers Market Research Report – Industry Analysis, Size, Share, Growth, Trends and Forecast Till 2026Global Polyurethane Elastomer Market Research Report – Industry Analysis, Size, Share, Growth, Trends and Forecast Till 2026About-Us:DecisionDatabases.com is a global business research reports provider, enriching decision makers and strategists with qualitative statistics.
DecisionDatabases.com is proficient in providing syndicated research report, customized research reports, company profiles and industry databases across multiple domains.Our expert research analysts have been trained to map client’s research requirements to the correct research resource leading to a distinctive edge over its competitors.
