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Automotive Elastomers Market Worth 58.82 Billion USD by 2022


News provided by

MarketsandMarkets

06 Dec, 2017, 13:30 GMT

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PUNE, India, December 6, 2017 /PRNewswire/ --

The report "Automotive Elastomers Market by Type (Natural Rubber, SBR, Nitrile Elastomer, EPDM, Silicone Rubber, Fluoroelastomer, Styrene Block Copolymers, TPU, TPO, TPV, TPC), Application (Tire and Non-Tire), and Region - Global Forecast to 2022" published by MarketsandMarkets™, the market is projected to grow from an estimated USD 46.13 Billion in 2017 to USD 58.82 Billion by 2022, at a CAGR of 5.0% from 2017 to 2022.

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Browse 64 market data Tables and 31 Figures spread through 129 Pages and in-depth TOC on "Automotive Elastomers Market"

https://www.marketsandmarkets.com/Market-Reports/automotive-elastomer-market-61827594.html
Early buyers will receive 10% customization on this report.

Globally, people are opting for products that deliver superior automotive performance and have a long life cycle. Automotive elastomers are used as replacement for traditional rubber due to their unique set of properties such as heat resistance, weathering and ozone resistance, flexibility, durability, aging resistance, variety, chemical resistance, and oil & gas resistance. These factors are leading to an increase in the demand for automotive elastomers globally.

Tire application is projected to lead the Automotive Elastomers Market during the forecast period 

Automotive elastomers are used in tire and non-tire applications. Among these two, the tire application is expected to lead the Automotive Elastomers Market between 2017 and 2022, followed by the non-tire application. Because of the implementation of stringent environmental regulations regarding emission levels, the design of vehicles has changed drastically over the past few decades. Manufacturers are designing compact, lightweight, and more efficient vehicles. This requires that various under-the-hood components should be in close proximity to each other, resulting in increased heat levels. Vehicle manufacturers require an automotive elastomer that can operate under such tough conditions.

Get PDF Brochure @ http://www.marketsandmarkets.com/pdfdownload.asp?id=61827594

Natural rubber is the largest growing type of the Automotive Elastomers Market 

Among various types, the natural rubber segment is expected to lead the Automotive Elastomers Market during the forecast period. Natural rubber is known for its excellent properties, such as outstanding resistance to weathering and ozone, good compression set, high physiological inertness, resistance to bacteria and fungi, and high temperature stability. Owing to these properties and ease of handling, natural rubber is used in a wide variety of applications such as tires, air filters, fan couplings, and radiator hoses.

Asia Pacific is the largest and the fastest-growing market for automotive elastomers 

Asia Pacific is projected to be the largest market for automotive elastomers, to reach USD 29.87 billion by 2022. China is projected to be the largest market for automotive elastomers, whereas, India is estimated to be the fastest-growing market for automotive elastomers in the Asia Pacific region, between 2017 and 2022. Low manufacturing costs, high economic growth rate, and large population with enhanced middle class lifestyles are the major factors that have led to the growth of the Automotive Elastomers Market in this region. The demand for automotive elastomers from the automotive and transportation industry is expected to grow in the Asia Pacific due to rapid industrialization and the increasing number of application industries in the region.

Major players in the global Automotive Elastomers Market are Arlanxeo (Netherlands), Dow (US), ExxonMobil (US), JSR Corporation (Japan), DuPont (US), BASF (Germany), LG Chem (South Korea), SABIC (Saudi Arabia), Teknor Apex (US), and Zeon Corporation (Japan).

Inquiry before Buying @ http://www.marketsandmarkets.com/Enquiry_Before_Buying.asp?id=61827594

Browse Related Reports 

Thermoplastic Elastomers Market by Type (SBC, TPO, TPV, COPE, PEBA), End-use Industry (Automotive, Building & Construction, Footwear, Engineering, Medical, Wires & Cables), Region - Global Forecast to 2022

https://www.marketsandmarkets.com/Market-Reports/thermoplastic-elastomers-market-1012.html

Silicone Elastomers Market by Type (High Temperature Vulcanized, Room Temperature Vulcanized, and Liquid Silicone Rubber), Process (Extrusion, Liquid Injection Molding, Injection Molding, and Compression Molding), End-use Industry - Global Forecast to 2021

https://www.marketsandmarkets.com/Market-Reports/silicone-elastomers-market-6310524.html


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About MarketsandMarkets™  

MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies' revenues. Currently servicing 5000 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.

Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model - GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.

MarketsandMarkets's flagship competitive intelligence and market research platform, "RT" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.

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