Global Elastomers Market is Estimated to Reach $45 Thousand Kilotons by 2025, Says Accurize Market Research
Global Elastomers Market report published by Accurize Market Research forecast that the global market is expected to reach $45 thousand kilotons by 2025; growing at a CAGR of 4.2% from 2017 to 2025. By geography, Asia Pacific and North America are expected to grow at a CAGR of XX% and XX%, respectively, during the forecast period.
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Rapidly growing automotive industry and upsurge in use of elastomers in automotive applications to drive the growth of the market
Rapidly growing automotive industry, upsurge in use of elastomers in automotive and other applications and increasing investments on developing new products fuel the demand for the global elastomers market. Furthermore,growing use of elastomers as additives in industries such as electronics, consumer goods and healthcare also boosts the growth of the market.
The global elastomers market has been bifurcated on the basis of polymer type, application and geography. Polymer type segment is segmented as thermoplastic elastomers and thermoset elastomers. Application segment includes tires & automotive and others. By geography the market is segmented into North America, Europe, Asia-Pacific and Rest of the World (RoW).
Top players in the market
The key market players include Arkema S.A., Basf Se, Celanese Corp., Chase Corp., China Petroleum & Chemical Corporation, Cnpc, Covestro Ag, Denka, Dow Chemical Co., Dupont, Evonik Industries, ExxonMobil and Goodyear Tire & Rubber Co. among others.
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