Credence Research states the interest of a new study on Elastomers Market. The Elastomers Market is expected to Exhibit Rapid Growth during the Forecast Period. The research report, named “Elastomers Market- Growth, Future Prospects, and Competitive Analysis, 2018- 2026,” estimates the historical performance and the current standing of this market, emphasizing especially on the dynamics of the need and supply of Elastomers.
The study research also considers many sections of the global Elastomers Market completely on the basis of the product type and application, considering their current as well as historical performance across the globe. Moreover, the report also shows the growth trajectory of each of the sections, global as well as in each of the regional segments, representing a descriptive analysis of the overall industry.
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The demand for elastomers driven by rising application of elastomers in various end-use industries such as automotive, consumer goods, healthcare, construction, oil & gas and various others. The growing automotive sector is one of the key factors driving the demand for elastomers at present. Elastomers are widely used in several automotive applications such as automotive tires, radiator hoses, and bumper/fascia among others. Global demand for automotive tires is expected to maintain a CAGR of approximately 4.8% annually to reach 3.76 Bn units till 2021. Asia Pacific captured approximately 40% of the market for automotive tires in 2017, due to the high number of passenger vehicles sold in the region, especially in the densely populated countries such as India and China. According to the India Brand Equity Foundation (IBEF), the automotive industry in India went on to become the fourth largest in the world with sales topping the 4 million unit mark (exclusive of two wheelers) in 2017. Further, in 2016, volume sales of two-wheelers in the country crossed the 17 million unit mark, thus making India the largest market for two wheelers in the world. Further, the rapid growth of the footwear & sports apparel industry is another key factor driving the demand for elastomers. Thermoplastic elastomers find wide application in the manufacturing of footwear. Further, elastomers are also used for manufacturing shoe soles. Global market for footwear sole materials expected to cross the US$ 22 Bn mark by the end of 2026.
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Key players operating in the field of elastomers include BASF S.E., Covestro A.G., Huntsman Corporation, DowDupont Inc., Lanxess A.G., Zeon Corporation, JSR Corporation, Kurara Co. Ltd., Teknor Apex, Evonik Industries, Arkema S.A., ExxonMobil Corporation and various others.
The study paper also speaks about the present as well as upcoming ventures in the global Elastomers Market at length, making this knowledge of special value for businesses, consultants, and stakeholders functional in this market.
Further, the report analyzes the competitive aspect of this market by reviewing the profiles of the key market participants in a bid to determine the current hierarchy.
The main purpose of this research study is to help the associates operating in the worldwide industry for Elastomers Market in planning active artifices and enhancing their decision-making techniques to gain a competitive edge over their challengers.
The report added new project SWOT analysis, investment feasibility analysis, and investment return analysis.
- The research gives an in-depth analysis of the global Elastomers Market, with running trends and future views, to elucidate the imminent investment pockets.
- The quantitative study from 2018 to 2026 is demanded to enable the stakeholders to capitalize on prevailing market possibilities.
- The report provides real historical figures for 2014 and year-on-year predictions from 2018 to 2026, considering 2018/2018 as a base.
- Overall analysis of all geographical regions is presented to determine the general opportunities.
Elastomers Market key segments
- By type
- By technology
- By end-user
- By region
O North America
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Company Profiles 96
7.1 BASF S.E. 96
7.2 Arkema S.A. 98
7.3 Covestro A.G. 99
7.4 DowDuPont Inc. 100
7.5 Evonik Industries 101
7.6 ExxonMobil Corporation 102
7.7 Huntsman Corporation 103
7.8 JSR Corporation 104
7.9 Kuara Co. Ltd. 105
7.10 Lanxess A.G. 106
7.11 Teknor Apex 107
7.12 Zeon Corporation 108
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