Elastomers Market by Type (Thermoset (Natural Rubber, Synthetic Rubber (SBR, IIR, PBR, NBR, ACM, EPM)), and Thermoplastic (PEBA, SBC, TPO, TPU, TPV)), Application (Automotive, Consumer Goods, Medical, and Industrial) - Global Forecast to 2021

“The growing use of elastomers in the automotive industries is a key factor for the growth of the elastomers market”
The global elastomers market size (2016–2021) is estimated to reach USD 92.36 billion by 2021, at a CAGR of 4.6% from 2016 to 2021. The growth of the market can be attributed to the increasing adoption of elastomers across applications, such as automotive, medical, and industrial, owing to their properties including superior mechanical properties, chemical resistance, and high heat stability. However, high processing cost of elastomers is may restrain the growth of market.

“Medical is expected to be the fastest-growing application segment of the elastomers market”
Medical is expected to be the fastest-growing applications segment, in terms of volume & value of the elastomers market. Elastomers are being rapidly adopted to in the medical application, as they possess outstanding fungus resistance, low temperature flexibility, tensile strength, acid/base resistance, fluid resistance, excellent hydrolytic stability, easy sterilization, and excellent translucency. These properties make them suitable for a wide range of applications, such as drug patches, gas supply, drug delivery, medical bags, wound dressing, chest drainage, peristaltic pump catheters, surgical instruments, valves, needleless syringes, ventilation bags, stoppers, vial caps, and bottles.

“The rising demand from various application is expected to drive the elastomers market in Asia-Pacific”
Asia-Pacific is expected to be the fastest-growing market for elastomers market, in terms of value and volume. High economic growth rate, growing manufacturing industries, cheap labor, increasing foreign investments, and rise in the adoption of elastomers across applications, such as medical, automotive, and industrial applications are some of the major factors expected to fuel the growth of the market in the region. China, India, Japan, and Taiwan are key markets for elastomers in Asia-Pacific.

In the process of determining and verifying the market size for several segments and subsegments gathered through secondary research, extensive primary interviews were conducted.
The breakdown of primary interviews is given below.

‧ By Company Type - Tier 1 - 40%, Tier 2 – 40%, and Others - 20%
‧ By Designation - C level - 10%, Director level - 50%, and Others - 40%
‧ By Region - Asia-Pacific - 40%, North America - 30%, Europe - 20%, the Middle East & Africa - 6%, and South America - 4%


The key companies profiled in this market research report are BASF SE (Germany), The Dow Chemical Company (U.S.), JSR Corporation (Japan), E. I. du Pont de Nemours and Company (U.S.), Lanxess AG (Germany), Zeon Corporation (Japan), Kuraray Co. Ltd. (Japan), Covestro AG (Germany), Nizhnekamskneftekhim PJSC (Russia), and Teknor Apex Company (U.S.)

Research Coverage
This report covers the elastomers market, in terms of value as well as volume, and forecasts the market size till 2021. The report includes the market segmentation based on type (SBR, IIR, PBR, NBR, ACM EPM, PERA, SBC, TPO, TPU, TPV), application (automotive, medical, consumer goods, industrial, and others), and region (Asia-Pacific, Europe, North America, the Middle East & Africa, and South America). The regions have been further segmented based on key countries into China, India, Japan, South Korea, Thailand, Malaysia, Indonesia, the U.S., Canada, Mexico, Germany, the U.K., Spain, France, Russia, Italy, Brazil, Saudi Arabia, and Africa. The report also provides company profiles and competitive strategies adopted by the key players in the elastomers market.


The report will help the market leaders/new entrants in this market in the following ways:

1. This report segments the elastomers market comprehensively and provides the closest approximations of the revenue numbers for the overall market and the subsegments across the different verticals and regions.

2. It will help stakeholders to understand the pulse of the market and provide them information on key market drivers, restraints, challenges, and opportunities.

3. It will help stakeholders to understand the competitors and gain more insights to better their position in the business. The competitive landscape section includes new product developments, agreements, collaborations & joint ventures, expansions, and mergers & acquisitions.

TABLE OF CONTENTS

1 INTRODUCTION 13
1.1 OBJECTIVES OF THE STUDY 13
1.2 MARKET DEFINITION 13
1.3 MARKET SCOPE 14
1.3.1 MARKETS COVERED 14
1.3.2 YEARS CONSIDERED FOR THE STUDY 15
1.4 CURRENCY 15
1.5 STAKEHOLDERS 15
2 RESEARCH METHODOLOGY 16
2.1 RESEARCH DATA 16
2.1.1 KEY DATA FROM SECONDARY SOURCES 18
2.1.2 KEY DATA FROM PRIMARY SOURCES 19
2.2 MARKET SIZE ESTIMATION 21
2.3 DATA TRIANGULATION 23
2.4 RESEARCH ASSUMPTIONS AND LIMITATIONS 24
2.4.1 ASSUMPTIONS 24
2.4.2 LIMITATIONS 24
3 EXECUTIVE SUMMARY 25
4 PREMIUM INSIGHTS 29
4.1 SIGNIFICANT OPPORTUNITIES IN THE ELASTOMERS MARKET 29
4.2 ELASTOMERS MARKET, BY APPLICATION, 2014–2021 30
4.3 ELASTOMERS MARKET SHARE, BY REGION 31
4.4 ELASTOMERS MARKET, BY TYPE, 2014–2021 32
4.5 ELASTOMERS MARKET SHARE, BY END-USE INDUSTRY AND BY REGION 33
5 MARKET OVERVIEW 34
5.1 INTRODUCTION 35
5.2 MARKET DYNAMICS 36
5.2.1 DRIVERS 37
5.2.1.1 Growing demand from the automotive industry 37
5.2.1.2 Advancement in the thermoplastic elastomer (TPE) processing industry 37
5.2.2 RESTRAINTS 38
5.2.2.1 High cost involved in processing of HTE 38
?
5.2.3 OPPORTUNITIES 38
5.2.3.1 Development of bio-based elastomers 38
5.2.3.2 Evolution of emerging applications 39
5.2.4 CHALLENGES 40
5.2.4.1 Price volatility 40
5.2.4.2 Intra-elastomer segment replacement 40
6 INDUSTRY TRENDS 41
6.1 INTRODUCTION 41
6.2 VALUE CHAIN ANALYSIS 41
6.2.1.1 PRODUCERS 42
6.2.1.2 SUPPLIERS & DISTRIBUTORS 42
6.2.1.3 END-USE INDUSTRY 42
6.3 PORTER’S FIVE FORCES ANALYSIS 43
6.3.1 THREAT OF NEW ENTRANTS 44
6.3.2 THREAT OF SUBSTITUTES 44
6.3.3 BARGAINING POWER OF BUYERS 45
6.3.4 BARGAINING POWER OF SUPPLIERS 45
6.3.5 INTENSITY OF COMPETITIVE RIVALRY 46
7 ELASTOMERS MARKET, BY TYPE 47
7.1 INTRODUCTION 48
7.2 THERMOSET ELASTOMER 50
7.2.1 NATURAL RUBBER 50
7.2.2 SYNTHETIC RUBBER 51
7.2.2.1 Styrene-butadiene elastomer 51
7.2.2.2 Butyl Elastomer 51
7.2.2.3 Butadiene (polybutadiene) Elastomer 51
7.2.2.4 Nitrile Elastomer 52
7.2.2.5 Acrylic Elastomer 52
7.2.2.6 Ethylene-propylene Elastomer 52
7.2.2.7 Silicone (Q) Elastomers 52
7.2.2.8 Fluoroelastomers 53
7.2.2.8.1 Fluorocarbon (FKM) Elastomer 53
7.2.2.8.2 Fluorsilicone (FQ) Elastomer 53
7.2.2.8.3 Perfluorocarbon (FFKM) Elastomer 53
?
7.3 THERMOPLASTIC ELASTOMER 54
7.3.1 STYRENE BLOCK COPOLYMER 54
7.3.2 THERMOPLASTIC POLYURETHANE 54
7.3.3 THERMOPLASTIC POLYOLEFINS 54
7.3.4 THERMOPLASTIC VULCANIZATES 55
7.3.5 THERMOPLASTICPOLYESTER ELASTOMERS 55
7.3.6 POLYETHER BLOCK AMIDE 55
8 ELASTOMER MARKET, BY END-USE INDUSTRY 56
8.1 INTRODUCTION 57
8.2 AUTOMOTIVE 58
8.2.1 TIRE 58
8.2.2 OTHER AUTOMOTIVES 59
8.3 MEDICAL 59
8.4 CONSUMER GOODS 59
8.4.1 FOOTWEAR 59
8.5 INDUSTRIAL 60
8.5.1 WIRE & CABLE 60
8.6 OTHERS 61
8.6.1 BUILDING & CONSTRUCTION 61
8.6.2 PHOTOVOLTAICS 61
8.6.3 MINING, OIL & GAS 61
9 ELASTOMERS MARKET, BY REGION 62
9.1 INTRODUCTION 63
9.2 ASIA-PACIFIC 64
9.2.1 CHINA 67
9.2.2 INDIA 69
9.2.3 JAPAN 70
9.2.4 SOUTH KOREA 70
9.2.5 THAILAND 71
9.2.6 REST OF ASIA-PACIFIC 72
9.3 EUROPE 73
9.3.1 GERMANY 75
9.3.2 FRANCE 76
9.3.3 ITALY 77
9.3.4 U.K. 78
9.3.5 SPAIN 79
9.3.6 REST OF EUROPE 80
?
9.4 NORTH AMERICA 81
9.4.1 U.S. 84
9.4.2 CANADA 86
9.4.3 MEXICO 87
9.5 SOUTH AMERICA 88
9.5.1 BRAZIL 90
9.5.2 REST OF SOUTH AMERICA 91
9.6 MIDDLE EAST & AFRICA 92
9.6.1 SAUDI ARABIA 93
9.6.2 SOUTH AFRICA 94
9.6.3 REST OF MIDDLE EAST & AFRICA 95
10 COMPETITIVE LANDSCAPE 97
10.1 OVERVIEW 97
10.1.1 NEW PRODUCT LAUNCHES 98
10.1.2 EXPANSIONS 100
10.1.3 COLLABORATIONS & JOINT VENTURES 101
10.1.4 MERGERS & ACQUSITIONS 102
10.1.5 AGREEMENTS 102
10.2 GLOBAL MARKET SHARE ANALYSIS: ELASTOMERS 103
11 COMPANY PROFILES 104
(Overview, Financial*, Products & Services, Strategy, and Developments)
11.1 BASF SE 104
11.2 THE DOW CHEMICAL COMPANY 108
11.3 JSR CORPORATION 111
11.4 E. I. DU PONT DE NEMOURS AND COMPANY 114
11.5 LANXESS AG 117
11.6 ZEON CORPORATION 120
11.7 KURARAY CO., LTD. 122
11.8 COVESTRO AG 124
11.9 NIZHNEKAMSKNEFTEKHIM PJSC 126
11.10 TEKNOR APEX 128
*Details might not be captured in case of unlisted companies.
?
12 APPENDIX 130
12.1 INSIGHTS FROM INDUSTRY EXPERTS 130
12.2 DISCUSSION GUIDE 131
12.3 KNOWLEDGE STORE: MARKETSANDMARKETS SUBSCRIPTION PORTAL 136
12.4 INTRODUCING RT: REAL TIME MARKET INTELLIGENCE 138
12.5 AVAILABLE CUSTOMIZATIONS 139
12.6 RELATED REPORTS 140
12.7 AUTHOR DETAILS 141