Elastomers Market Growth, Size, Share 2022| Major Company Analysis by Manufacturing Base & Research, Insights and Forecast to 2030
Market Synopsis According to the MRFR analysis, the Global Elastomers Market Growth 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 Market Growth increased 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 ana