Automotive Elastomers Market | Research Insights, Business Outlook, Company Profiles, Trends and Forecast 2019-2023

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Automotive Elastomers Market Research Report -
Forecast to 2023
Industry Survey, Growth, Competitive
Landscapeand Forecasts to 2023
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Automotive Elastomers Market Research Report-
Forecast to 2023
Automotive Elastomers Market - Overview
The amorphous nature of Automotive Elastomers is
creating high levels of demand in the market
which are expected to amplify particularly in the
forecast period. Increasing usage of high
performance lightweight materials in automotive
industry especially due to strict emission
regulations in developed economies has been cited
as a potential growth opportunity for the market.
As the automotive industry is one of the
principal applications industries in the market,
it accounts for over 45 of the overall elastomer
production across the world. The rapid rise in
demand for both commercial and passenger vehicles
is expected to contribute heavily to the
expansion of the market. The range of
applications of the market span uses such as
adhesives, sealants, and flexible molded parts
which serve a vast number of end-use industries
such as building construction, automotive,
sports, and consumer goods, among other
industrial applications. The industry giants that
are seen shaping the current demand and supply
trends of the market are BASF SE for example
which is a German chemical giant, which takes on
the production of a range of chemical products
and a variety of intermediates solutions. Another
notable player in the market is Exxon Mobil Corp.
which is among one of the principal oil natural
gas companies, which is involved in the
development, exploration, and distribution of
oil, gas, and other petroleum products. The
company is also well recognized provider of a
wide range of products in both non-tire and tire
applications. The regional forecast of the market
is expected to favor the developments in
especially the Asia Pacific region, which is
already consolidating its position as the largest
revenue pocket globally. This growth surge in the
region is primarily attributed to the swelling
demand for automotive elastomers in the
manufacturing of tires and interior parts of
various vehicle types. The charge for development
of the market in the region is chiefly led by the
nations like China which is projected to dominate
the global market, because the consumption of
Automotive Elastomers is relatively high in the
country among others in the market along with
India which is also emerging as a substantial
revenue pocket with healthy market growth
forecasted in the coming years owing to
increasing focus of policymakers on rapid
industrialization, transforming transportation
sector, and FDI in the country.
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Automotive Elastomers Market Research Report-
Forecast to 2023
Segmentation
The Segmental Overview of the Automotive
Elastomers Market globally comprises of Vehicle
Type, Application, Type, and Region. The Type
Based Segment of the market is segmented broadly
into thermoplastic elastomers (TPE) and thermoset
elastomers (TSE). The TSE segment is further
segmented into styrene butadiene rubber (SBR),
natural rubber, polybutadiene rubber (BR), butyl
rubber (IIR), chlorinated elastomers, acrylic
rubber (ACM), nitrile butadiene rubber (NBR),
silicone rubber (Q), ethylene propylene diene
monomer (EPDM), and fluoroelastomers. Likewise,
the TPE segment further comprises of
thermoplastic olefins (TPO), copolyamides (COPA),
styrene block copolymer (SBC), thermoplastic
polyurethane (TPU), thermoplastic vulcanizates
(TPV), copolyesters (COPE), and polyether block
amide (PEBA). The Application Segment of the
market is segmented into exterior, tire and
interior. The interior application segment is
additionally segmented into hoses seals,
airbags, breaks suspensions, seatings,
transmission conveyor belts, door panels,
dashboards, and instrument soft touch panels.
Meanwhile, the exterior segment consists of
rocker panel, bumper fascia, front end body
panel, and roof molds window shields. The
market on the Basis of Vehicle Type is segmented
globally into light commercial vehicle (LCV),
passenger cars and medium heavy commercial
vehicle (M/HCV).Latin America, Asia Pacific,
North America, Europe, and the Middle East
Africa are the geographical segmentations of the
market. To Access Report _at_ https//www.marketrese
archfuture.com/reports/automotive-elastomers-marke
t-4992
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Automotive Elastomers Market Research Report-
Forecast to 2023
Regional Outlook
The Automotive Elastomers Market globally
includes regions such as Middle East Africa,
Asia Pacific, Latin America, North America and
Europe. The Asia Pacific region is likely to be
the principal market for automotive elastomers in
the duration of the forecast period. This is
largely due to the growing standards of living
and growing disposable income of the people in
developing economies namely South Korea, China,
and India who are incentivizing the automotive
production to meet the increasing domestic demand
in this region. Following the Asia Pacific
region, the European region is the second major
region in this market. The North American region
is another important region in this market. The
Latin America and the Middle East Africa
region, on the other hand, has the least numbers
acquired in terms of shares in this market.
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Automotive Elastomers Market Research Report-
Forecast to 2023
Major Players in this Research

• Automotive Elastomers Market Prominent Players
• BASF SE
• Teknor Apex Company, Inc.
• The Dow Chemical Company
• Mitsui Chemicals, Inc.
• Kuraray Co., Ltd.
• Solvay
• Sumitomo Chemical Co., Ltd.
• Kraiburg TEP GmbH Co. Kg
• Exxon Mobil Corp.
• LG Chem Ltd.
• Saudi Basic Industries Corporation
• Nizhnekamskneftekhim PJSC
• ARLANXEO, Versalis S.p.A, and Kuraray Co., Ltd.

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