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Global Elastomers Market 2022
Elastomers are polymers that are having a viscosity as well as elasticity and therefore are known as viscoelasticity. Elastomer are used for rubber tires and tubes for vehicles, motorcycles, bicycles and recreational vehicles, lawn mowers and other yard work vehicles, belts, hoses, gloves, matting, toy balloons, rubber bands, adhesives and pencil erasers. According to a report by StrategyHelix, the global elastomers market is set to increase by US$ 24.7 billion during 2022-2028, growing at a CAGR of 4.1% during the forecast period.
The report provides up-to-date market size data for period 2018-2021 and forecast to 2028 covering key market aspects like sales value and volume for elastomers. The global elastomers market is segmented on the basis of product, application, and region. On the basis of product, the global elastomers market has been segmented into thermoplastic elastomers (TPEs), thermoset elastomers (TSEs). The thermoset elastomers (TSEs) segment is estimated to account for the largest share of the global elastomers market. By application, the global elastomers market has been segmented into automotive components, bias heavy duty tires, bias light duty tires, bicycle tires, motorcycle tires, radial heavy duty tires, radial light duty tires, others. The radial light duty tires segment held the largest revenue share in 2021. Geographically, the global elastomers market is segmented into Asia Pacific, China, Europe, North America, Rest of the World (RoW). Globally, China made up the largest share of the elastomers market.
The thermoplastic elastomers (TPEs) market is further segmented into styrene block copolymers (SBCs), thermoplastic polyolefins (TPOs), thermoplastic polyurethane (TPU), thermoplastic vulcanizates (TPVs), thermoplastic polyester elastomers (TPEs), and other. The SBC segment held the largest share of the global elastomers market in 2021 and is anticipated to hold its share during the forecast period. Furthermore, the thermoset elastomers (TSEs) market has been categorized into natural rubber, and synthetic rubber. In 2021, the synthetic rubber segment made up the largest share of revenue generated by the elastomers market.
The global elastomers market is highly competitive. The leading players in the elastomers market include Ashland Global Holdings Inc., China National Petroleum Corporation, Denka Company Limited, DuPont de Nemours Inc., Evonik Industries AG, Goodyear Tire and Rubber Company, JSR CORPORATION, Kraton Corporation, Kuraray Co. Ltd., LCY Chemical Corp., Nizhnekamskneftekhim, Sibur Holding PAO, China Petroleum & Chemical Corporation (Sinopec), Teknor Apex Company, The Michelin Group, Trinseo PLC, Zeon Corporation.
The report is an invaluable resource for companies and organizations active in this industry. It provides a cohesive picture of the elastomers market to help drive informed decision making for industry executives, policy makers, academic, and analysts.
Product: thermoplastic elastomers (TPEs), thermoset elastomers (TSEs)
Application: automotive components, bias heavy duty tires, bias light duty tires, bicycle tires, motorcycle tires, radial heavy duty tires, radial light duty tires, others
Region: Asia Pacific, China, Europe, North America, Rest of the World (RoW)
Years considered: this report covers the period 2018 to 2028
Key Benefits for Stakeholders
– Get a comprehensive picture of the global elastomers market
– Pinpoint growth sectors and trends for investment
Table of Contents
Part 1. Introduction
– Scope of the study
– Study period
– Geographical scope
– Research methodology
Part 2. Elastomers market overview
Part 3. Market breakdown by product
– Thermoplastic elastomers (TPEs)
– Thermoset elastomers (TSEs)
Part 4. Market breakdown by application
– Automotive components
– Bias heavy duty tires
– Bias light duty tires
– Bicycle tires
– Motorcycle tires
– Radial heavy duty tires
– Radial light duty tires
Part 5. Market breakdown by region
– Asia Pacific
– North America
– Rest of the World (RoW)
Part 6. Key companies
– Ashland Global Holdings Inc.
– China National Petroleum Corporation
– Denka Company Limited
– DuPont de Nemours Inc.
– Evonik Industries AG
– Goodyear Tire and Rubber Company
– JSR CORPORATION
– Kraton Corporation
– Kuraray Co., Ltd.
– LCY Chemical Corp.
– Sibur Holding PAO
– China Petroleum & Chemical Corporation (Sinopec)
– Teknor Apex Company
– The Michelin Group
– Trinseo PLC
– Zeon Corporation