Automotive Elastomer Trends and Forecast
The future of the global automotive elastomer market looks promising with opportunities in the tire, interior, exterior, and under the hood markets. The global automotive elastomer market is expected to reach an estimated $41.4 billion by 2030 with a CAGR of 5.3% from 2024 to 2030. The major drivers for this market are rising consumer discretionary income and growing demand for new cars, government regulations and guidelines that are designed to lower pollution, as well as, improve vehicle economy and guarantee the safety of passengers.Automotive Elastomer by Segment
The study includes a forecast for the global automotive elastomer by type, vehicle type, application, and region.Automotive Elastomer Market by Type [Shipment Analysis by Value from 2018 to 2030]
- Thermoset Elastomer
- Thermoplastic Elastomer
Automotive Elastomer Market by Vehicle Type [Shipment Analysis by Value from 2018 to 2030]
- Passenger Cars
- Light Commercial Vehicles
- Medium and Heavy Commercial Vehicles
Automotive Elastomer Market by Application [Shipment Analysis by Value from 2018 to 2030]
- Tire
- Interior
- Exterior
- Under the Hood
- Others
Automotive Elastomer Market by Region [Shipment Analysis by Value from 2018 to 2030]
- North America
- Europe
- Asia Pacific
- The Rest of the World
List of Automotive Elastomer Companies
Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies automotive elastomer companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the automotive elastomer companies profiled in this report include-- Dow
- LANXESS
- DuPont
- ExxonMobil
- BASF
- SABIC
- Huntsman International
- Continental
- INEOS
- Mitsui Chemicals
Automotive Elastomer Market Insights
The publisher forecasts that thermoset elastomer will remain the larger segment over the forecast period due to the growing use and application of synthetic and natural rubber in the automotive sector.APAC will remain the largest region over the forecast period due to the existence of significant market suppliers, the affordability of labor and raw resources, and the widespread use of cutting-edge technology.
Features of the Global Automotive Elastomer Market
- Market Size Estimates: Automotive elastomer market size estimation in terms of value ($B).
- Trend and Forecast Analysis: Market trends (2018 to 2023) and forecast (2024 to 2030) by various segments and regions.
- Segmentation Analysis: Automotive elastomer market size by type, vehicle type, application, and region in terms of value ($B).
- Regional Analysis: Automotive elastomer market breakdown by North America, Europe, Asia Pacific, and Rest of the World.
- Growth Opportunities: Analysis of growth opportunities in different type, vehicle type, application, and regions for the automotive elastomer market.
- Strategic Analysis: This includes M&A, new product development, and competitive landscape of the automotive elastomer market.
- Analysis of competitive intensity of the industry based on Porter’s Five Forces model.
FAQ
Q1. What is the automotive elastomer market size?Answer: The global automotive elastomer market is expected to reach an estimated $41.4 billion by 2030.
Q2. What is the growth forecast for automotive elastomer market?
Answer: The global automotive elastomer market is expected to grow with a CAGR of 5.3% from 2024 to 2030.
Q3. What are the major drivers influencing the growth of the automotive elastomer market?
Answer: The major drivers for this market are rising consumer discretionary income and growing demand for new cars, government regulations and guidelines that are designed to lower pollution, as well as, improve vehicle economy and guarantee the safety of passengers.
Q4. What are the major segments for automotive elastomer market?
Answer: The future of the global automotive elastomer market looks promising with opportunities in the tire, interior, exterior, and under the hood markets.
Q5. Who are the key automotive elastomer market companies?
Answer: Some of the key automotive elastomer companies are as follows:
- Dow
- LANXESS
- DuPont
- ExxonMobil
- BASF
- SABIC
- Huntsman International
- Continental
- INEOS
- Mitsui Chemicals
Answer: The publisher forecasts that thermoset elastomer will remain the larger segment over the forecast period due to the growing use and application of synthetic and natural rubber in the automotive sector.
Q7. In automotive elastomer market, which region is expected to be the largest in next 5 years?
Answer: APAC will remain the largest region over the forecast period due to the existence of significant market suppliers, the affordability of labor and raw resources, and the widespread use of cutting-edge technology.
Q.8 Do we receive customization in this report?
Answer: Yes,the publisher provides 10% customization without any additional cost.
This report answers following 11 key questions:
Q.1. What are some of the most promising, high-growth opportunities for the automotive elastomer market by type (thermoset elastomer and thermoplastic elastomer), vehicle type (passenger cars, light commercial vehicles, and medium and heavy commercial vehicles), application (tire, interior, exterior, under the hood, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World)?Q.2. Which segments will grow at a faster pace and why?
Q.3. Which region will grow at a faster pace and why?
Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
Q.5. What are the business risks and competitive threats in this market?
Q.6. What are the emerging trends in this market and the reasons behind them?
Q.7. What are some of the changing demands of customers in the market?
Q.8. What are the new developments in the market? Which companies are leading these developments?
Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?
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Table of Contents
1. Executive Summary
2. Global Automotive Elastomer Market: Market Dynamics
3. Market Trends and Forecast Analysis from 2018 to 2030
4. Market Trends and Forecast Analysis by Region from 2018 to 2030
5. Competitor Analysis
6. Growth Opportunities and Strategic Analysis
7. Company Profiles of Leading Players
Companies Mentioned (Partial List)
A selection of companies mentioned in this report includes, but is not limited to:
- Dow
- LANXESS
- DuPont
- ExxonMobil
- BASF
- SABIC
- Huntsman International
Methodology
The analyst has been in the business of market research and management consulting since 2000 and has published over 600 market intelligence reports in various markets/applications and served over 1,000 clients worldwide. Each study is a culmination of four months of full-time effort performed by the analyst team. The analysts used the following sources for the creation and completion of this valuable report:
- In-depth interviews of the major players in the market
- Detailed secondary research from competitors’ financial statements and published data
- Extensive searches of published works, market, and database information pertaining to industry news, company press releases, and customer intentions
- A compilation of the experiences, judgments, and insights of professionals, who have analyzed and tracked the market over the years.
Extensive research and interviews are conducted in the supply chain of the market to estimate market share, market size, trends, drivers, challenges and forecasts.
Thus, the analyst compiles vast amounts of data from numerous sources, validates the integrity of that data, and performs a comprehensive analysis. The analyst then organizes the data, its findings, and insights into a concise report designed to support the strategic decision-making process.
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