Elastomers Market: Industry Analysis and Forecast (2022-2030) by Product, End User, and Region.

 Market Synopsis

According to the MRFR analysis, the Global Elastomers Market is expected to reach over ~USD 107.1 Billion by the end of 2025 at a CAGR of ~4.8%.

Elastomers are amorphous polymers exhibiting characteristics of rubber in terms of flexibility and elasticity. Various elastomeric products on the account of their high abrasion and heat resistance are used in numerous industrial applications. For instance, TPUs offer excellent mechanical strength and low creep thus are used to manufacture conveyor belts. The rising demand for high-performance elastomers in the automotive and medical industries are the key factors favoring the growth of the elastomers market.

Pricing and Regulatory Analysis

In 2018, the price of elastomers from USD 0.19 to USD 0.40 between 2016 and 2018 and is likely to observe a gradual upsurge during the forecast period owing to fluctuating raw material and crude oil prices.

The stringent standards for elastomer analysis may favor the demand for elastomers during the review period. Some of the standards are American Society for Testing and Materials - ASTM D412, ASTM D624, ASTM D3182 ”and International Standard - ISO 34-1:2015.

SEGMENTATION

By Type

  • Thermoset Elastomers: These polymers belong to the group of elastomers that cannot be molded once they have been cured. Thus, on the account of their structural integrity thermoset elastomers are widely used in high-temperature applications.
  • Synthetic Rubber: The segment held the largest market share in 2018 on account of its excellent strength and flexibility. These elastomers are artificially synthesized and derived from petroleum-based monomers.
  • Styrene-Butadiene Rubber (SBR): On account of its good abrasion and elasticity, it is widely used in pneumatic tires. SBR on reinforcement exhibits higher strength and durability.
  • Isobutylene-Isoprene Rubber (IIR): Owing to its low gas permeability and high resistance finds applications in inner tires of cars, bicycles and other high-pressure tubes.
  • Nitrile rubber (NBR): It is used in the applications that demand oil and heat resistance. Modified nitrile rubber such as carboxylated nitrile rubbers (XNBR) and hydrogenated nitrile rubbers (HNBR) exhibit high tensile strength and weather resistance.
  • Polybutadiene (PBR): It is extensively used in various parts of automobile tires including sidewall of truck tires and heavy vehicles for abrasion resistance.
  • Others: The segment includes acrylic rubber (ACM) and ethylene-propylene rubber (EPM), among others.
  • Natural Rubber: It is a bio-based elastomer obtained from the rubber trees. It is commonly known as Natural Rubber Latex (NBL) and find wide applications in friction tapes, cement, and adhesives. However, the natural rubber is usually vulcanized to enhance the chemical properties.
  • Thermoplastic Elastomers: It is projected to be the fastest-growing segment during the forecast period due to significant advantages over conventional thermosetting elastomers. These elastomers are recyclable and are capable of being remolded.
  • Thermoplastic Polyurethane (TPU): On account of excellent flexibility over a wide temperature range and high abrasion resistance, it is extensively used in a foray of industrial applications such as seals and gaskets, sealants, andconveyor belts.
  • Thermoplastic Styrenic elastomers (TPS): They are styrene block copolymers with excellent flexibility and elasticity and commonly used in footwear, belts, and adhesives.
  • Polyether Block Amide (PEBA): It is a high-performance thermoplastic elastomer. Due to its high flexibility and low density, PEBA is used in sports applications such as racquet grommets, golf balls, basketballs, and ski boots.
    • Others: The segment includes thermoplastics polyester-ether elastomer (TPE-E) and thermoplastic polyamide elastomers (TPE-A), among others.

 

Access Report Details @    https://www.marketresearchfuture.com/reports/elastomers-market-8342

 

By End-Use Industry

  • Automotive: The automotive segment accounted for more than 62% market share in 2018. This is primarily due to the increased use of elastomers in various applications such as airbags, tires, gaskets, bumpers, and HVAC systems. In the automotive industry, the demand for elastomers in interior applications is expected to increase at a significant rate during the forecast period.
  • Medical: It is projected to be the fastest-growing segment during the review period. The increasing use of elastomers on account of hydrolytic stability and ease of sterilization in variety of applications such as peristaltic pump catheters, needleless syringes, and valves is fueling the demand for elastomers in the medical industry. Additionally, the rising innovations to develop bio-based elastomers offers a wide range of opportunities to produce artificially synthesized biocompatible organs.
  • Electronics: A variety of elastomers exhibit low electrical conductivity and thus are suitable for insulation purposes. For instance, ethylene-propylene rubber is used to insulate indoor and outdoor high voltage cables.
  • Textiles: Elastomeric fabrics on the account of their lightweight and stretchability are used in a variety of garments including cycling shorts, swimsuits, and athletic wear.
  • Others: The segment includes aerospace & defense, oil & gas, and construction.

By Region

  • Asia-Pacific: The regional market held a dominant share in 2018 and is expected to maintain its dominance during the review period. The increasing disposable income coupled with expanding automotive and textile industries in the region are fueling the regional market growth.
  • North America: The market growth is driven by the demand for high-performance elastomers in the aerospace and medical industries.
  • Europe: A firm market owing to the demand for elastomers in the automotive industry. Additionally, the rising automobile exports from the region is aiding market growth.
  • Latin America: The growing healthcare and electronics industries is driving the demand for elastomers in Latin America.
  • Middle East & Africa: The expanding automotive industry and rising constructional activities in the region are contributing to the regional market growth.



 

Get a Sample Copy of Report @     https://www.marketresearchfuture.com/sample_request/8342

 

About Market Research Future:

At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), & Consulting Services.

MRFR team have supreme objective to provide the optimum quality market research and intelligence services to our clients. Our market research studies by products, services, technologies, applications, end users, and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help to answer all their most important questions.

In order to stay updated with technology and work process of the industry, MRFR often plans & conducts meet with the industry experts and industrial visits for its research analyst members.

 

Contact:

Market Research Future®

99 Hudson Street,5Th Floor

New York, New York 10013

United States of America

Phone:

+1 628 258 0071(US) 

+44 2035 002 764(UK)

Email: sales@marketresearchfuture.com

Website: https://www.marketresearchfuture.com

 

Read More Related Article:

https://www.marketresearchfuture.com/reports/synthetic-fibers-market-5284

 

https://www.marketresearchfuture.com/reports/industrial-nitrogen-market-6326

 

https://www.marketresearchfuture.com/reports/antimicrobial-additives-market-1749

 

https://www.marketresearchfuture.com/reports/silicone-fabrics-market-10673

Comments

Post a Comment

Popular posts from this blog

Middle East and North Africa Metallic Stearates Market, Growth, Size, Region & Country, Revenue, Analysis & Forecast Till 2032

  Metallic stearates, widely used in various industries, are compounds derived from stearic acid and metal salts. These versatile substances find their applications in numerous sectors, including plastics, rubber, cosmetics, pharmaceuticals, and paints. With their exceptional lubricating, stabilizing, and anti-blocking properties, metallic stearates have witnessed a significant surge in demand, fueling the growth of the   Middle East and North Africa   metallic stearates market. The continuous development in the industry and the increasing investment in the industry, where the market value is expected to reach over USD 5.4 billion by the year 2030 with a CAGR of 5.4% during the forecast period. Expanding Applications : The  Middle East and North Africa metallic stearates market  has experienced remarkable growth due to the expanding applications across several industries. In the plastics industry, metallic stearates act as lubricants, preventing the me...
Read more

Middle East and North Africa Purging Compound Market, Growth, Size, Region & Country, Revenue, Analysis & Forecast Till 2032

  The  Middle East and North Africa purging compound market  has witnessed significant growth in recent years, owing to its crucial role in optimizing the efficiency and cleanliness of polymer processing equipment. This article delves into the key factors driving the market's expansion and highlights the benefits of using purging compounds in various industrial applications. Enhancing Operational Efficiency : Purging compounds play a pivotal role in ensuring the smooth operation of polymer processing equipment, such as extruders, Molded Pulp Packaging , and blow molding machines. By effectively removing color, contaminants, and residues from the machinery, purging compounds enable quick transitions between different materials, reducing downtime and improving productivity. Manufacturers can minimize material waste and achieve cost savings by utilizing purging compounds during color changes, material switches, and machine shutdowns. Efficient Cleaning Mechani...
Read more

Middle East and North Africa Polyurethane Dispersion Market, Growth, Size, Region & Country, Revenue, Analysis & Forecast Till 2032

  Polyurethane dispersion (PUD) has emerged as a versatile and environmentally friendly alternative to traditional solvent-based coatings and adhesives. With its unique properties and applications across various industries, polyurethane dispersion has gained significant traction in recent years. This article explores the growing popularity of  Middle East and North Africa polyurethane dispersion market , its advantages, applications, and the future prospects of this remarkable material. polyurethane dispersion market Size was valued at USD 2.2 billion in 2021. The polyurethane dispersion market industry is projected to grow from USD 2.3 Billion in 2022 to USD 3.8 billion by 2030, exhibiting a compound annual growth rate (CAGR) of 7.25% during the forecast period (2022 - 2030).  The Advantages of Polyurethane Dispersion: Environmental Friendliness: One of the primary advantages of polyurethane dispersion is its eco-friendly nature. Unlike solvent-based coatings, PUDs ...
Read more