The Elastomers Market by Vehicle, Type, Application and Geography - Global $129 Billion Market Opportunity Analysis to 2026 - ResearchAndMarkets.com
DUBLIN--(BUSINESS WIRE)--Aug 28, 2018--The “Elastomers - Global Market Outlook (2017-2026)” report has been added to ResearchAndMarkets.com’s offering.
According to the report, the market accounted for $71.89 billion in 2017 and is expected to reach $129.14 billion by 2026 growing at a CAGR of 6.72% during the forecast period.
Some of the prominent factors are driven by cost effectiveness and adaptability of Elastomers in major end-user markets. In addition, advancement in the thermoplastic elastomer (TPE) processing industry is considered as the opportunity for the growth of the market. However, factors such as high price of raw materials and rising cost of production may hinder the growth of the market.
Based on type, the natural rubber segment is estimated to be the fastest growing segment because of the suitability of natural rubber in several applications.
By application, the automotive segment held the largest market share, due to the growing demand for lightweight and high-performance plastics in automotive industry, which provides increased efficiency and design flexibility, are primarily responsible for the growth of the market.
By geography, Asia Pacific dominated the market owing to the rising demand for elastomers, driven by its increased use in the automotive and medical industries.
Key Topics Covered
1 Executive Summary
3 Market Trend Analysis
4 Porters Five Force Analysis
5 Global Elastomers Market, By Vehicle
6 Global Elastomers Market, By Type
7 Global Elastomers Market, By Application
8 Global Elastomers Market, By Geography
9 Key Developments
10 Company ProfilingBASF SE Huntsman Corp. DuPont Dow Chemical Co. Mitsui Chemicals Chemtura Corp. Akzonobel N.V. Bayer MS ExxonMobil Chemical Co. Lyondell Basell Innospec Inc. Braskem SA Evonik Industries Total S.A. Royal DSM PolyOne Corporation LyondellBasell Mitsubishi Chemical Corporation Shin-Etsu Kaneka Corporation
For more information about this report visit https://www.researchandmarkets.com/research/jxzvc8/the_elastomers?w=4
View source version on businesswire.com:https://www.businesswire.com/news/home/20180828005360/en/
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SOURCE: Research and Markets
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PUB: 08/28/2018 06:18 AM/DISC: 08/28/2018 06:18 AM