Automotive Elastomers Market – Global Industry Size, Share, Trends, Opportunity, and Forecast, Segmented By Vehicle Type (Passenger Cars, Commercial Vehicles), By Type (Thermoset, Thermoplastic), By Application Type (Tire, Interior, Exterior, Under the Hood) By Region, Competition, 2019-2029F

  • Industry : Automotive
  • Pages : NA
  • Published Date : NA
Customization Enquiry

Buy Now

Summary

Report Description

Forecast Period

2025-2029

Market Size (2023)

USD 34.78 Billion

CAGR (2024-2029)

5.84%

Fastest Growing Segment

Thermoplastic

Largest Market

 Asia-Pacific

Market Size (2029)

USD 48.85 Billion





Market Overview

Global Automotive Elastomers Market was valued at USD 34.78 Billion in 2023 and is anticipated to project robust growth in the forecast period with a CAGR of 5.84% through 2029. The global automotive elastomers market is a vital sector within the automotive industry, driven by the increasing demand for high-performance materials that enhance vehicle durability, comfort, and safety. Elastomers, also known as rubber polymers, are crucial in various automotive applications due to their flexibility, resilience, and ability to withstand harsh environmental conditions. They are extensively used in components such as seals, gaskets, vibration isolators, and hoses, which play a significant role in ensuring the optimal performance of vehicles.

The market for automotive elastomers is influenced by several factors, including advancements in automotive technology, stricter emission regulations, and the growing focus on vehicle weight reduction. As vehicles evolve with more advanced features and greater fuel efficiency requirements, the need for innovative elastomer materials that offer improved performance and sustainability becomes more prominent. This has led to increased research and development efforts aimed at enhancing the properties of elastomers, such as their resistance to high temperatures, chemicals, and mechanical stress.

One of the driving forces behind the market's growth is the automotive industry's shift towards electric and hybrid vehicles. These new vehicle types demand elastomers with specialized properties to accommodate different operating conditions and enhance energy efficiency. The trend towards more complex and integrated vehicle designs requires elastomers that can meet diverse functional requirements while maintaining high standards of quality and reliability.

The automotive elastomers market is also shaped by environmental considerations and regulatory standards. Manufacturers are increasingly focusing on developing eco-friendly elastomer solutions that minimize environmental impact while meeting the stringent performance criteria required for automotive applications. This includes the use of recyclable and sustainable materials in elastomer production.

The global automotive elastomers market is characterized by a dynamic interplay of technological advancements, regulatory pressures, and evolving consumer preferences. The drive for innovation and the need for advanced material solutions continue to shape the market, leading to the development of new elastomer products and applications that cater to the ever-changing demands of the automotive industry. As the sector evolves, it remains a key area of focus for automotive manufacturers and suppliers striving to deliver high-quality, reliable, and sustainable vehicle components.

Key Market Drivers

Automotive Lightweighting Initiatives

One of the most significant drivers of the global automotive elastomers market is the ongoing trend toward vehicle lightweighting. Lightweighting refers to the process of reducing a vehicle's overall weight, primarily to enhance fuel efficiency and reduce greenhouse gas emissions. Elastomers play a pivotal role in achieving this objective due to their lightweight nature and ability to provide structural integrity and vibration damping. Stricter environmental regulations and consumer demand for fuel-efficient vehicles have pushed automakers to explore innovative ways to reduce vehicle weight. Lighter vehicles consume less fuel and produce fewer emissions, aligning with global sustainability goals. Elastomers are often used as lightweight alternatives to traditional metal components in various applications, including seals, gaskets, and suspension components. Replacing metal parts with elastomers contributes to weight reduction without compromising performance. By reducing the weight of unsprung components (e.g., suspension parts), elastomers can improve handling, ride comfort, and overall vehicle dynamics, enhancing the driving experience. Lightweighting is especially critical for electric vehicles, as it directly impacts their range. Elastomers contribute to the overall weight reduction of EVs, making them more competitive in the market.

Growing Electric Vehicle (EV) Adoption

The increasing adoption of electric vehicles worldwide is another significant driver for the automotive elastomers market. Electric vehicles, including battery electric vehicles (BEVs) and hybrid electric vehicles (HEVs), require specialized elastomeric materials to meet unique performance and safety requirements. Elastomers are used to encapsulate lithium-ion battery packs in EVs, providing electrical insulation, thermal management, and protection against environmental factors. These materials help ensure the safety and reliability of the battery system. EVs are known for their quieter operation compared to traditional internal combustion engine (ICE) vehicles. Elastomers are crucial in NVH control, minimizing noise and vibration in electric vehicles to enhance passenger comfort. Maintaining optimal operating temperatures is critical for the performance and lifespan of EV components, including electric motors and power electronics. Automotive elastomers play a key role in thermal management systems. As the EV charging infrastructure continues to expand, elastomers are used in various components, such as charging cables and connectors, to ensure safety and durability.

Stringent Environmental Regulations

Stringent environmental regulations and emission standards imposed by governments worldwide are driving the demand for environmentally friendly materials in the automotive industry. Automotive elastomers must comply with these regulations, spurring the development of eco-friendly formulations. To minimize volatile organic compound (VOC) emissions during production and use, elastomer manufacturers are developing low-VOC formulations that adhere to environmental standards. The European Union's Registration, Evaluation, Authorization, and Restriction of Chemicals (REACH) regulation places restrictions on the use of certain chemicals in elastomers. Complying with REACH requirements is essential for market access in Europe. The quest for sustainability has led to the development of bio-based elastomers derived from renewable sources, such as natural rubber and bio-polyols. These materials offer a more sustainable alternative to petrochemical-based elastomers. End-of-life vehicle recycling is gaining importance. Research into recycling technologies for elastomers is advancing, aligning with industry efforts to create a circular economy and reduce waste. 

In May 2023, James Walker initiated a research project to create elastomer compounds that comply with PFAS regulations. This effort was driven by an anticipated European Union ban on per- and poly-fluoroalkyl substances (PFAS).

Advancements in Material Technology

Advancements in material technology are a significant driver of innovation in the automotive elastomers market. Manufacturers are continually working on improving elastomer properties and developing new formulations to meet evolving industry requirements. The demand for high-performance elastomers, such as silicone and fluor elastomers, is on the rise. These materials offer exceptional resistance to extreme temperatures, chemicals, and environmental factors, making them suitable for critical automotive applications. Incorporating nanomaterials as fillers in elastomer formulations is an emerging trend. Nano-fillers enhance the mechanical properties and durability of elastomers, leading to longer-lasting automotive components. Researchers are exploring smart elastomers that can change their properties in response to external stimuli. These materials have potential applications in adaptive suspension systems and self-healing materials for automotive components. Additive manufacturing, including 3D printing, is being explored as a method for producing customized elastomeric components, enabling rapid prototyping and design flexibility. 

In July 2023, Hanwha TotalEnergies finished building its pilot plant for polyolefin elastomers (POE). The data obtained from these pilot runs are anticipated to aid in the development of a commercial POE production facility. This project marked the first collaborative venture among Hanwha TotalEnergies, Hanwha Solutions, and TotalEnergies.

Expanding Automotive Production in Emerging Markets

Emerging markets, particularly in Asia-Pacific, are experiencing robust growth in automotive production and consumption. The expansion of the automotive industry in these regions is a significant driver of increased demand for automotive elastomers. China and India, in particular, have emerged as major automotive manufacturing hubs. The increasing production of vehicles in these countries has led to a surge in the demand for elastomers. Automotive manufacturers are increasingly establishing production facilities in emerging markets to cater to local demand and reduce transportation costs. This localization trend drives the need for elastomers in these regions. Rising middle-class populations and urbanization in emerging markets have led to higher vehicle ownership rates, further fueling the demand for automotive elastomers. Investment in infrastructure, such as road networks and transportation systems, is increasing in emerging markets, boosting commercial vehicle production and, consequently, the demand for elastomers.


Download Free Sample Report

Key Market Challenges

Fluctuating Raw Material Prices

One of the primary challenges faced by the automotive elastomers market is the volatility in raw material prices. Elastomers are derived from petrochemical sources, and their production is closely tied to the pricing and availability of crude oil and other raw materials. These price fluctuations can have a significant impact on the cost structure of elastomer manufacturers and, in turn, affect the pricing of elastomer products. The elastomer industry relies heavily on petrochemical feedstocks, such as ethylene and propylene, which are susceptible to price fluctuations due to global economic conditions, geopolitical factors, and supply and demand dynamics. When raw material prices increase, elastomer manufacturers often face increased production costs. These costs may be passed on to automotive manufacturers, potentially affecting the competitiveness of vehicles and their profitability.  Any disruption in the supply chain, whether due to natural disasters, geopolitical tensions, or production issues, can lead to shortages and price spikes in elastomer raw materials. Elastomer manufacturers and automotive OEMs must engage in continuous price negotiations to manage cost fluctuations, which can be a time-consuming and challenging process.

Regulatory Compliance and Environmental Concerns

The automotive industry is subject to strict environmental regulations and emissions standards, and the elastomers used in vehicles must comply with these requirements. Meeting these regulations while maintaining performance standards poses a significant challenge for the industry. Regulations aimed at reducing vehicle emissions necessitate the use of low-VOC (volatile organic compound) elastomers to minimize the release of harmful substances during production and use. The Registration, Evaluation, Authorization, and Restriction of Chemicals (REACH) regulation in Europe imposes strict requirements on the use of certain chemicals in elastomers, which can limit material options. Increasing emphasis on sustainability calls for the development of recyclable elastomers and materials derived from renewable sources. This requires significant R&D investments and technological advancements. Disposal and recycling of elastomers from end-of-life vehicles present environmental challenges, as traditional elastomers are difficult to recycle and may contribute to landfill waste.

Technological Advancements and Material Innovation

While technological advancements are a driving force in the industry, they also present challenges. New materials and technologies are continually emerging, leading to increased competition and the need for ongoing research and development. The automotive industry is continually exploring alternative materials, such as composites and plastics, that may replace elastomers in certain applications. This can pose a threat to the elastomers market's traditional stronghold. The development of nanomaterials and smart materials introduces new possibilities for automotive components, challenging elastomer manufacturers to keep up with evolving customer demands. Automotive manufacturers increasingly seek tailor-made elastomers that meet specific performance criteria. This customization necessitates advanced material formulations and production techniques. As material innovations and new technologies emerge, protecting intellectual property and maintaining a competitive edge becomes crucial, which can be challenging in a rapidly evolving market.

Quality Control and Consistency

Elastomers are vital for ensuring the reliability and performance of automotive components. Maintaining consistent quality and meeting strict specifications are paramount but can be challenging due to several factors. Elastomer production involves intricate processes, including mixing, curing, and molding. Variations in these processes can lead to inconsistencies in the final product. Temperature, humidity, and other environmental conditions can influence elastomer properties during manufacturing, making it challenging to achieve uniformity. Comprehensive quality control testing is essential to ensure elastomer products meet specified standards. However, conducting thorough testing on a large scale can be time-consuming and resource intensive. Elastomer manufacturers often rely on multiple suppliers for raw materials. Variability in the quality of these inputs can affect the consistency of elastomer products.

Intense Competition and Market Consolidation

The global automotive elastomers market is highly competitive, with numerous manufacturers vying for market share. This intense competition can lead to price pressures, consolidation, and challenges in differentiation. Intense competition often results in price wars among elastomer manufacturers, reducing profit margins and potentially compromising product quality. Some major players in the automotive elastomers market have engaged in mergers and acquisitions to gain a competitive edge. Smaller manufacturers may find it challenging to compete in this environment. Elastomer manufacturers must invest in research and development to differentiate their products from competitors. This requires continuous innovation and the ability to address specific customer needs. Expanding into new geographic regions can be challenging due to regulatory differences, cultural considerations, and the need for localized production and distribution.

Key Market Trends

Growing Demand for Lightweight Vehicles

One of the prominent trends in the global automotive elastomers market is the increasing demand for lightweight vehicles. Automakers are continuously striving to reduce the weight of vehicles to improve fuel efficiency and reduce emissions, in line with stringent environmental regulations. Elastomers play a crucial role in achieving this objective, as they are used in various lightweighting applications. Lightweight elastomeric compounds are used in tire manufacturing to reduce rolling resistance, which contributes to better fuel efficiency. Silica-reinforced elastomers have gained popularity due to their ability to enhance tire performance while reducing weight. Automotive elastomers are employed in seals and gaskets to prevent leaks and ensure the integrity of the vehicle's various systems. Lightweight elastomers help in reducing the overall weight of the vehicle while maintaining functionality. Elastomeric materials are used in suspension systems to provide comfort and control. The development of lightweight elastomers for suspension components helps in reducing the unsprang mass of the vehicle, resulting in improved handling and fuel efficiency.

Increasing Adoption of Electric Vehicles (EVs)

The automotive industry is undergoing a transformation with the growing adoption of electric vehicles (EVs). This transition is driven by environmental concerns and government incentives. Electric vehicles rely on different components and materials than traditional internal combustion engine (ICE) vehicles, which has implications for the automotive elastomers market. EVs require robust elastomers for battery encapsulation to ensure safety and protection of the battery pack. These elastomers must offer electrical insulation, thermal stability, and resistance to chemicals. The shift towards EVs is driving the demand for specialized elastomers tailored to these applications. NVH control is crucial in EVs due to their quieter operation. Elastomers play a vital role in minimizing noise and vibration in electric vehicles, enhancing the overall driving experience. Maintaining optimal operating temperatures is essential for EV components, including electric motors and power electronics. Automotive elastomers are used in thermal management systems to ensure efficient heat dissipation and thermal insulation.

Emphasis on Sustainability and Environmental Compliance

Sustainability has become a central concern in the automotive industry. Automakers are under pressure to reduce their carbon footprint and adopt environmentally friendly practices. This trend is influencing the choice of materials, including elastomers, used in vehicle manufacturing. There is a growing interest in bio-based elastomers derived from renewable sources such as natural rubber and bio-polyols. These materials offer a more sustainable alternative to traditional elastomers derived from petrochemicals. Recycling elastomers from end-of-life vehicles and other sources is gaining traction. The development of recycling technologies for elastomers is in line with the industry's efforts to create a circular economy and reduce waste. Automotive elastomer manufacturers are developing low-VOC (volatile organic compound) formulations to minimize emissions during production, addressing environmental concerns and regulatory requirements.

Advancements in Material Technology

Material innovation is a constant driving force in the automotive elastomers market. Technological advancements are leading to the development of elastomers with improved properties and performance characteristics. The demand for high-performance elastomers, such as silicone and fluor elastomers, is on the rise. These materials offer exceptional resistance to extreme temperatures, chemicals, and environmental factors, making them suitable for critical automotive applications. Incorporating nanomaterials as fillers in elastomer formulations is a notable trend. Nanofillers enhance the mechanical properties and durability of elastomers, leading to longer-lasting automotive components. Research is ongoing in the development of smart elastomers that can change their properties in response to external stimuli. These materials have potential applications in adaptive suspension systems and self-healing materials for automotive components. 

In October 2023, Carbon introduced EPU 46, its newest elastomer material. Known for its exceptional performance, durability, and vibrant color choices, EPU 46 enables the customization of products such as saddles, footwear, and grips. With 40% bio-based content and waste-reducing features, EPU 46 supports Carbon’s sustainability initiatives and enhances product performance and visual appeal.

Segmental Insights

Application Type Analysis

The global automotive elastomers market is extensively categorized based on its diverse applications, each of which leverages the unique properties of elastomers to enhance vehicle performance and safety. Among these applications, tires represent a critical segment. Elastomers in tires are used to improve traction, durability, and overall driving comfort. Their flexibility and resistance to wear and weather conditions contribute significantly to vehicle safety and performance. Advances in elastomer technology continue to drive innovations in tire design, aiming for greater fuel efficiency and enhanced driving experiences.

Another key application area is the interior of vehicles. Here, automotive elastomers play a crucial role in providing comfort and aesthetic appeal. They are used in various components such as dashboard panels, door trims, and seat cushions. The softness, flexibility, and acoustic properties of elastomers help in reducing noise and vibration while enhancing the overall tactile experience for passengers. Elastomers used in interior applications offer resistance to wear and tear, ensuring long-lasting performance and maintaining the visual and functional quality of interior surfaces.

The exterior segment is another significant application area for automotive elastomers. Components such as weather seals, bumpers, and moldings benefit from elastomers due to their resilience and flexibility. These materials are designed to withstand extreme weather conditions, resist damage from impacts, and maintain their functionality over extended periods. The use of elastomers in exterior applications helps protect the vehicle from environmental factors and contributes to its overall durability and aesthetic appeal.

Elastomers are also employed in various under-the-hood applications, where they are essential for components that must endure high temperatures and harsh operating conditions. This includes seals, gaskets, and hoses that must maintain their integrity and performance despite exposure to heat, pressure, and automotive fluids. The heat resistance and chemical stability of elastomers make them ideal for these demanding applications, ensuring reliable operation and reducing the risk of leaks or failures in critical engine components.

The automotive elastomers market reflects the diverse and essential roles that these materials play across different vehicle applications. Each segment utilizes the unique characteristics of elastomers to enhance vehicle performance, safety, and longevity, demonstrating their importance in modern automotive engineering and design.


Download Free Sample Report

Regional Insights

In North America, the automotive elastomers market is experiencing steady growth driven by advancements in automotive technology and a focus on improving vehicle performance and safety. The region’s automotive sector is characterized by significant investments in research and development, leading to innovations in elastomer materials that cater to evolving vehicle requirements. The presence of a well-established automotive manufacturing base and strong emphasis on regulatory compliance concerning emissions and safety standards further contribute to the demand for high-quality elastomers. The growing adoption of electric and hybrid vehicles is shaping the market, as these new vehicle types require specialized elastomer solutions for enhanced efficiency and performance.

Europe and the Commonwealth of Independent States (CIS) represent a significant market for automotive elastomers, driven by stringent environmental regulations and a strong focus on sustainability. European automotive manufacturers are increasingly seeking elastomer materials that align with environmental standards and contribute to reducing overall vehicle emissions. The emphasis on technological innovation and the push towards electric and hybrid vehicles are also prominent in this region, leading to a demand for advanced elastomer products that support these developments. The automotive sector in Europe and CIS benefits from a robust infrastructure and a high level of collaboration between industry players, which fosters the advancement of elastomer technologies and applications.

The Asia-Pacific region is a major player in the global automotive elastomers market, largely due to its expansive automotive manufacturing base and rapid industrial growth. Countries in this region are seeing increased automotive production and consumption, driven by rising incomes and urbanization. This growth is accompanied by a rising demand for elastomers that can meet the diverse needs of modern vehicles, including those with advanced safety features and fuel efficiency requirements. The region's focus on developing and implementing new automotive technologies, such as electric and hybrid vehicles, is also contributing to the expanding market for specialized elastomer solutions.

In South America, the automotive elastomers market is gradually evolving with improvements in automotive production and infrastructure. The growth in the automotive sector is supported by increasing vehicle ownership and investment in manufacturing capabilities. Elastomers are becoming essential in meeting the demands for vehicle reliability and performance in this region. The market is influenced by the need for cost-effective yet high-quality elastomer materials that can withstand diverse environmental conditions. As the automotive industry in South America continues to develop, there is a growing emphasis on adopting advanced elastomer technologies that enhance vehicle functionality and durability.

The Middle East and Africa region is experiencing a gradual rise in the automotive elastomers market, driven by growing automotive production and consumption. This region's market is influenced by the expansion of automotive manufacturing facilities and increasing vehicle ownership rates. Elastomers are crucial for improving vehicle performance and reliability in the region’s varied climate conditions. The focus on infrastructure development and automotive sector growth is fostering the demand for high-quality elastomer solutions. As the automotive industry in the Middle East and Africa continues to grow and modernize, the need for innovative elastomer materials that meet new performance and safety standards is becoming more pronounced.

Recent Developments

  • In May 2024, KRAIBURG TPE launched innovative EPDM adhesion compounds designed for the automotive sector. The new Thermoplastic Elastomers (TPE) featuring EPDM adhesion established new benchmarks in material technology for automotive sealing systems and exterior applications. These compounds, known for their superior adhesion, durability, and ease of processing, were made available worldwide with extensive technical support, underscoring KRAIBURG TPE's dedication to high-quality automotive solutions.
  • In April 2024, DOW launched an innovative artificial leather crafted from polyolefin elastomers (POE). This advanced material, designed to replace animal-based alternatives, was commercialized by HIUV Materials Technology and received approval for electric car seats. The POE leather features exceptional softness, enhanced color stability, and superior durability, while also eliminating harmful chemicals and low volatile organic compounds.

Key Market Players

  • The Dow Chemical Company
  • LANXESS AG
  • DuPont de Nemours, Inc.
  • ExxonMobil Corporation
  • BASF SE
  • Saudi Basic Industries Corporation
  • Huntsman International LLC
  • Continental AG
  • INEOS AG
  • Solvay SA

By Vehicle Type                          

By Type                                   

By Application Type                                 

By Region                                                            
  • Passenger Cars
  • Commercial Vehicles
  • Thermoset
  • Thermoplastic
  • Tire
  • Interior
  • Exterior
  • Under the Hood
  • North America
  • Europe & CIS
  • Asia-Pacific
  • South America
  • Middle East & Africa
Report Scope:

In this report, the Global Automotive Elastomers Market has been segmented into the following categories, in addition to the industry trends which have also been detailed below:

  • Automotive Elastomers Market, By Vehicle Type:

o   Passenger Cars

o   Commercial Vehicles

  • Automotive Elastomers Market, By Type:

o   Thermoset

o   Thermoplastic

  • Automotive Elastomers Market, By Application Type:

o   Tire

o   Interior

o   Exterior

o   Under the Hood

  • Automotive Elastomers Market, By Region:

o   Asia-Pacific

§  China

§  India

§  Japan

§  Indonesia

§  Thailand

§  South Korea

§  Australia

o   Europe & CIS

§  Germany

§  Spain

§  France

§  Russia

§  Italy

§  United Kingdom

§  Belgium

o   North America

§  United States

§  Canada

§  Mexico

o   South America

§  Brazil

§  Argentina

§  Colombia

o   Middle East & Africa

§  South Africa

§  Turkey

§  Saudi Arabia

§  UAE

Competitive Landscape

Company Profiles: Detailed analysis of the major companies present in the Global Automotive Elastomers Market.

Available Customizations:

Global Automotive Elastomers market report with the given market data, Tech Sci Research offers customizations according to a company's specific needs. The following customization options are available for the report:

Company Information

  • Detailed analysis and profiling of additional market players (up to five).

Global Automotive Elastomers Market is an upcoming report to be released soon. If you wish an early delivery of this report or want to confirm the date of release, please contact us at [email protected]

Table of content

1.    Introduction

1.1.  Product Overview

1.2.  Key Highlights of the Report

1.3.  Market Coverage

1.4.  Market Segments Covered

1.5.  Research Tenure Considered

2.    Research Methodology

2.1.  Objective of the Study

2.2.  Baseline Methodology

2.3.  Key Industry Partners

2.4.  Major Association and Secondary Sources

2.5.  Forecasting Methodology

2.6.  Data Triangulation & Validation

2.7.  Assumptions and Limitations

3.    Executive Summary

3.1.  Market Overview

3.2.  Market Forecast

3.3.  Key Regions

3.4.  Key Segments

4.    Impact of COVID-19 on Global Automotive Elastomers Market

5.    Global Automotive Elastomers Market Outlook

5.1.  Market Size & Forecast

5.1.1.    By Value

5.2.  Market Share & Forecast

5.2.1.    By Vehicle Type Market Share Analysis (Passenger Cars, Commercial Vehicles)

5.2.2.    By Type Market Share Analysis (Thermoset, Thermoplastic)

5.2.3.    By Application Type Market Share Analysis (Tire, Interior, Exterior, Under the Hood)

5.2.4.    By Regional Market Share Analysis

5.2.4.1.        Asia-Pacific Market Share Analysis

5.2.4.2.        Europe & CIS Market Share Analysis

5.2.4.3.        North America Market Share Analysis

5.2.4.4.        South America Market Share Analysis

5.2.4.5.        Middle East & Africa Market Share Analysis

5.2.5.    By Company Market Share Analysis (Top 5 Companies, Others - By Value & Volume, 2023)

5.3.  Global Automotive Elastomers Market Mapping & Opportunity Assessment

5.3.1.    By Vehicle Type Market Mapping & Opportunity Assessment

5.3.2.    By Type Market Mapping & Opportunity Assessment

5.3.3.    By Application Type Market Mapping & Opportunity Assessment

5.3.4.    By Regional Market Mapping & Opportunity Assessment

6.    Asia-Pacific Automotive Elastomers Market Outlook

6.1.  Market Size & Forecast

6.1.1.    By Value  

6.2.  Market Share & Forecast

6.2.1.    By Vehicle Type Market Share Analysis

6.2.2.    By Type Market Share Analysis

6.2.3.    By Application Type Market Share Analysis

6.2.4.    By Country Market Share Analysis

6.2.4.1.        China Market Share Analysis

6.2.4.2.        India Market Share Analysis

6.2.4.3.        Japan Market Share Analysis

6.2.4.4.        Indonesia Market Share Analysis

6.2.4.5.        Thailand Market Share Analysis

6.2.4.6.        South Korea Market Share Analysis

6.2.4.7.        Australia Market Share Analysis

6.2.4.8.        Rest of Asia-Pacific Market Share Analysis

6.3.  Asia-Pacific: Country Analysis

6.3.1.    China Automotive Elastomers Market Outlook

6.3.1.1.        Market Size & Forecast

6.3.1.1.1.           By Value  

6.3.1.2.        Market Share & Forecast

6.3.1.2.1.           By Vehicle Type Market Share Analysis

6.3.1.2.2.           By Type Market Share Analysis

6.3.1.2.3.           By Application Type Market Share Analysis

6.3.2.    India Automotive Elastomers Market Outlook

6.3.2.1.        Market Size & Forecast

6.3.2.1.1.           By Value  

6.3.2.2.        Market Share & Forecast

6.3.2.2.1.           By Vehicle Type Market Share Analysis

6.3.2.2.2.           By Type Market Share Analysis

6.3.2.2.3.           By Application Type Market Share Analysis

6.3.3.    Japan Automotive Elastomers Market Outlook

6.3.3.1.        Market Size & Forecast

6.3.3.1.1.           By Value  

6.3.3.2.        Market Share & Forecast

6.3.3.2.1.           By Vehicle Type Market Share Analysis

6.3.3.2.2.           By Type Market Share Analysis

6.3.3.2.3.           By Application Type Market Share Analysis

6.3.4.    Indonesia Automotive Elastomers Market Outlook

6.3.4.1.        Market Size & Forecast

6.3.4.1.1.           By Value  

6.3.4.2.        Market Share & Forecast

6.3.4.2.1.           By Vehicle Type Market Share Analysis

6.3.4.2.2.           By Type Market Share Analysis

6.3.4.2.3.           By Application Type Market Share Analysis

6.3.5.    Thailand Automotive Elastomers Market Outlook

6.3.5.1.        Market Size & Forecast

6.3.5.1.1.           By Value  

6.3.5.2.        Market Share & Forecast

6.3.5.2.1.           By Vehicle Type Market Share Analysis

6.3.5.2.2.           By Type Market Share Analysis

6.3.5.2.3.           By Application Type Market Share Analysis

6.3.6.    South Korea Automotive Elastomers Market Outlook

6.3.6.1.        Market Size & Forecast

6.3.6.1.1.           By Value  

6.3.6.2.        Market Share & Forecast

6.3.6.2.1.           By Vehicle Type Market Share Analysis

6.3.6.2.2.           By Type Market Share Analysis

6.3.6.2.3.           By Application Type Market Share Analysis

6.3.7.    Australia Automotive Elastomers Market Outlook

6.3.7.1.        Market Size & Forecast

6.3.7.1.1.           By Value  

6.3.7.2.        Market Share & Forecast

6.3.7.2.1.           By Vehicle Type Market Share Analysis

6.3.7.2.2.           By Type Market Share Analysis

6.3.7.2.3.           By Application Type Market Share Analysis

7.    Europe & CIS Automotive Elastomers Market Outlook

7.1.  Market Size & Forecast

7.1.1.    By Value  

7.2.  Market Share & Forecast

7.2.1.    By Vehicle Type Market Share Analysis

7.2.2.    By Type Market Share Analysis

7.2.3.    By Application Type Market Share Analysis

7.2.4.    By Country Market Share Analysis

7.2.4.1.        Germany Market Share Analysis

7.2.4.2.        Spain Market Share Analysis

7.2.4.3.        France Market Share Analysis

7.2.4.4.        Russia Market Share Analysis

7.2.4.5.        Italy Market Share Analysis

7.2.4.6.        United Kingdom Market Share Analysis

7.2.4.7.        Belgium Market Share Analysis

7.2.4.8.        Rest of Europe & CIS Market Share Analysis

7.3.  Europe & CIS: Country Analysis

7.3.1.    Germany Automotive Elastomers Market Outlook

7.3.1.1.        Market Size & Forecast

7.3.1.1.1.           By Value  

7.3.1.2.        Market Share & Forecast

7.3.1.2.1.           By Vehicle Type Market Share Analysis

7.3.1.2.2.           By Type Market Share Analysis

7.3.1.2.3.           By Application Type Market Share Analysis

7.3.2.    Spain Automotive Elastomers Market Outlook

7.3.2.1.        Market Size & Forecast

7.3.2.1.1.           By Value  

7.3.2.2.        Market Share & Forecast

7.3.2.2.1.           By Vehicle Type Market Share Analysis

7.3.2.2.2.           By Type Market Share Analysis

7.3.2.2.3.           By Application Type Market Share Analysis

7.3.3.    France Automotive Elastomers Market Outlook

7.3.3.1.        Market Size & Forecast

7.3.3.1.1.           By Value  

7.3.3.2.        Market Share & Forecast

7.3.3.2.1.           By Vehicle Type Market Share Analysis

7.3.3.2.2.           By Type Market Share Analysis

7.3.3.2.3.           By Application Type Market Share Analysis

7.3.4.    Russia Automotive Elastomers Market Outlook

7.3.4.1.        Market Size & Forecast

7.3.4.1.1.           By Value  

7.3.4.2.        Market Share & Forecast

7.3.4.2.1.           By Vehicle Type Market Share Analysis

7.3.4.2.2.           By Type Market Share Analysis

7.3.4.2.3.           By Application Type Market Share Analysis

7.3.5.    Italy Automotive Elastomers Market Outlook

7.3.5.1.        Market Size & Forecast

7.3.5.1.1.           By Value  

7.3.5.2.        Market Share & Forecast

7.3.5.2.1.           By Vehicle Type Market Share Analysis

7.3.5.2.2.           By Type Market Share Analysis

7.3.5.2.3.           By Application Type Market Share Analysis

7.3.6.    United Kingdom Automotive Elastomers Market Outlook

7.3.6.1.        Market Size & Forecast

7.3.6.1.1.           By Value  

7.3.6.2.        Market Share & Forecast

7.3.6.2.1.           By Vehicle Type Market Share Analysis

7.3.6.2.2.           By Type Market Share Analysis

7.3.6.2.3.           By Application Type Market Share Analysis

7.3.7.    Belgium Automotive Elastomers Market Outlook

7.3.7.1.        Market Size & Forecast

7.3.7.1.1.           By Value  

7.3.7.2.        Market Share & Forecast

7.3.7.2.1.           By Vehicle Type Market Share Analysis

7.3.7.2.2.           By Type Market Share Analysis

7.3.7.2.3.           By Application Type Market Share Analysis

8.    North America Automotive Elastomers Market Outlook

8.1.  Market Size & Forecast

8.1.1.    By Value  

8.2.  Market Share & Forecast

8.2.1.    By Vehicle Type Market Share Analysis

8.2.2.    By Type Market Share Analysis

8.2.3.    By Application Type Market Share Analysis

8.2.4.    By Country Market Share Analysis

8.2.4.1.        United States Market Share Analysis

8.2.4.2.        Mexico Market Share Analysis

8.2.4.3.        Canada Market Share Analysis

8.3.  North America: Country Analysis

8.3.1.    United States Automotive Elastomers Market Outlook

8.3.1.1.        Market Size & Forecast

8.3.1.1.1.           By Value  

8.3.1.2.        Market Share & Forecast

8.3.1.2.1.           By Vehicle Type Market Share Analysis

8.3.1.2.2.           By Type Market Share Analysis

8.3.1.2.3.           By Application Type Market Share Analysis

8.3.2.    Mexico Automotive Elastomers Market Outlook

8.3.2.1.        Market Size & Forecast

8.3.2.1.1.           By Value  

8.3.2.2.        Market Share & Forecast

8.3.2.2.1.           By Vehicle Type Market Share Analysis

8.3.2.2.2.           By Type Market Share Analysis

8.3.2.2.3.           By Application Type Market Share Analysis

8.3.3.    Canada Automotive Elastomers Market Outlook

8.3.3.1.        Market Size & Forecast

8.3.3.1.1.           By Value  

8.3.3.2.        Market Share & Forecast

8.3.3.2.1.           By Vehicle Type Market Share Analysis

8.3.3.2.2.           By Type Market Share Analysis

8.3.3.2.3.           By Application Type Market Share Analysis

9.    South America Automotive Elastomers Market Outlook

9.1.  Market Size & Forecast

9.1.1.    By Value  

9.2.  Market Share & Forecast

9.2.1.    By Vehicle Type Market Share Analysis

9.2.2.    By Type Market Share Analysis

9.2.3.    By Application Type Market Share Analysis

9.2.4.    By Country Market Share Analysis

9.2.4.1.        Brazil Market Share Analysis

9.2.4.2.        Argentina Market Share Analysis

9.2.4.3.        Colombia Market Share Analysis

9.2.4.4.        Rest of South America Market Share Analysis

9.3.  South America: Country Analysis

9.3.1.    Brazil Automotive Elastomers Market Outlook

9.3.1.1.        Market Size & Forecast

9.3.1.1.1.           By Value  

9.3.1.2.        Market Share & Forecast

9.3.1.2.1.           By Vehicle Type Market Share Analysis

9.3.1.2.2.           By Type Market Share Analysis

9.3.1.2.3.           By Application Type Market Share Analysis

9.3.2.    Colombia Automotive Elastomers Market Outlook

9.3.2.1.        Market Size & Forecast

9.3.2.1.1.           By Value  

9.3.2.2.        Market Share & Forecast

9.3.2.2.1.           By Vehicle Type Market Share Analysis

9.3.2.2.2.           By Type Market Share Analysis

9.3.2.2.3.           By Application Type Market Share Analysis

9.3.3.    Argentina Automotive Elastomers Market Outlook

9.3.3.1.        Market Size & Forecast

9.3.3.1.1.           By Value  

9.3.3.2.        Market Share & Forecast

9.3.3.2.1.           By Vehicle Type Market Share Analysis

9.3.3.2.2.           By Type Market Share Analysis

9.3.3.2.3.           By Application Type Market Share Analysis

10. Middle East & Africa Automotive Elastomers Market Outlook

10.1.            Market Size & Forecast

10.1.1. By Value   

10.2.            Market Share & Forecast

10.2.1. By Vehicle Type Market Share Analysis

10.2.2. By Type Market Share Analysis

10.2.3. By Application Type Market Share Analysis

10.2.4. By Country Market Share Analysis

10.2.4.1.     South Africa Market Share Analysis

10.2.4.2.     Turkey Market Share Analysis

10.2.4.3.     Saudi Arabia Market Share Analysis

10.2.4.4.     UAE Market Share Analysis

10.2.4.5.     Rest of Middle East & Africa Market Share Analysis

10.3.            Middle East & Africa: Country Analysis

10.3.1. South Africa Automotive Elastomers Market Outlook

10.3.1.1.     Market Size & Forecast

10.3.1.1.1.         By Value  

10.3.1.2.     Market Share & Forecast

10.3.1.2.1.         By Vehicle Type Market Share Analysis

10.3.1.2.2.         By Type Market Share Analysis

10.3.1.2.3.         By Application Type Market Share Analysis

10.3.2. Turkey Automotive Elastomers Market Outlook

10.3.2.1.     Market Size & Forecast

10.3.2.1.1.         By Value  

10.3.2.2.     Market Share & Forecast

10.3.2.2.1.         By Vehicle Type Market Share Analysis

10.3.2.2.2.         By Type Market Share Analysis

10.3.2.2.3.         By Application Type Market Share Analysis

10.3.3. Saudi Arabia Automotive Elastomers Market Outlook

10.3.3.1.     Market Size & Forecast

10.3.3.1.1.         By Value  

10.3.3.2.     Market Share & Forecast

10.3.3.2.1.         By Vehicle Type Market Share Analysis

10.3.3.2.2.         By Type Market Share Analysis

10.3.3.2.3.         By Application Type Market Share Analysis

10.3.4. UAE Automotive Elastomers Market Outlook

10.3.4.1.     Market Size & Forecast

10.3.4.1.1.         By Value  

10.3.4.2.     Market Share & Forecast

10.3.4.2.1.         By Vehicle Type Market Share Analysis

10.3.4.2.2.         By Type Market Share Analysis

10.3.4.2.3.         By Application Type Market Share Analysis

11. SWOT Analysis

11.1.            Strength

11.2.            Weakness

11.3.            Opportunities

11.4.            Threats

12. Market Dynamics

12.1.            Market Drivers

12.2.            Market Challenges

13. Market Trends and Developments

14. Competitive Landscape

14.1.            Company Profiles (Up to 10 Major Companies)

14.1.1. The Dow Chemical Company

14.1.1.1.     Company Details

14.1.1.2.     Key Product Offered

14.1.1.3.     Financials (As Per Availability)

14.1.1.4.     Recent Developments

14.1.1.5.     Key Management Personnel

14.1.2. LANXESS AG

14.1.2.1.     Company Details

14.1.2.2.     Key Product Offered

14.1.2.3.     Financials (As Per Availability)

14.1.2.4.     Recent Developments

14.1.2.5.     Key Management Personnel

14.1.3. DuPont de Nemours, Inc.

14.1.3.1.     Company Details

14.1.3.2.     Key Product Offered

14.1.3.3.     Financials (As Per Availability)

14.1.3.4.     Recent Developments

14.1.3.5.     Key Management Personnel

14.1.4. ExxonMobil Corporation

14.1.4.1.     Company Details

14.1.4.2.     Key Product Offered

14.1.4.3.     Financials (As Per Availability)

14.1.4.4.     Recent Developments

14.1.4.5.     Key Management Personnel

14.1.5. BASF SE

14.1.5.1.     Company Details

14.1.5.2.     Key Product Offered

14.1.5.3.     Financials (As Per Availability)

14.1.5.4.     Recent Developments

14.1.5.5.     Key Management Personnel

14.1.6. Saudi Basic Industries Corporation

14.1.6.1.     Company Details

14.1.6.2.     Key Product Offered

14.1.6.3.     Financials (As Per Availability)

14.1.6.4.     Recent Developments

14.1.6.5.     Key Management Personnel

14.1.7. Huntsman International LLC

14.1.7.1.     Company Details

14.1.7.2.     Key Product Offered

14.1.7.3.     Financials (As Per Availability)

14.1.7.4.     Recent Developments

14.1.7.5.     Key Management Personnel

14.1.8. Continental AG

14.1.8.1.     Company Details

14.1.8.2.     Key Product Offered

14.1.8.3.     Financials (As Per Availability)

14.1.8.4.     Recent Developments

14.1.8.5.     Key Management Personnel

14.1.9. INEOS AG

14.1.9.1.     Company Details

14.1.9.2.     Key Product Offered

14.1.9.3.     Financials (As Per Availability)

14.1.9.4.     Recent Developments

14.1.9.5.     Key Management Personnel

14.1.10.  Solvay SA

14.1.10.1.  Company Details

14.1.10.2.  Key Product Offered

14.1.10.3.  Financials (As Per Availability)

14.1.10.4.  Recent Developments

14.1.10.5.  Key Management Personnel

15. Strategic Recommendations

15.1.            Key Focus Areas

15.1.1. Target Regions

15.1.2. Target Vehicle Type

16. About Us & Disclaimer

Figures and Tables

Frequently asked questions

down-arrow

The market size of the Global Automotive Elastomers Market was estimated to be USD 34.78 billion in 2023.

down-arrow

The passenger car segment generated the most revenue and is expected to continue to dominate the market over the projected period. This is owing to the increased use of automotive elastomers in passenger automobiles due to the materials' characteristics, substitutability with numerous metals used in vehicles, and improved customer experience. Over the projection period, commercial vehicles are expected to grow. This is due to the increased use and adoption of automotive elastomers. Because they contain cross-linking chemicals that improve aging and cyclic loading resistance, they are used in light commercial vehicles.

down-arrow

Asia-Pacific is the largest regional market for automotive elastomers globally. The region's growth is driven by expanding automotive manufacturing sectors in countries like China and India. Additionally, increasing consumer demand for vehicles and advancements in elastomer technologies contribute to Asia-Pacific's significant position in the market.

down-arrow

The Global Automotive Elastomers Market is driven by rising vehicle production, advancements in automotive technology, and stringent emission and safety regulations. Additionally, consumer demand for enhanced comfort and performance further boosts market growth.

Related Reports

profile

Srishti Verma

Business Consultant
Press Release

Automotive Elastomers Market to Grow with a CAGR of 5.84% Globally through 2029

Jul, 2024

The global automotive elastomers market is propelled by the demand for lightweight materials, technological advancements, and sustainable solutions, which are driving the market during the forecast p

Why Choose Us