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    Elastomers Market Trends

    ID: MRFR/CnM/6870-HCR
    111 Pages
    Chitranshi Jaiswal
    October 2025

    Elastomers Market Research Report By Type (Thermoset Elastomer (Synthetic Rubber, Styrene-butadiene Rubber, Isobutylene-isoprene, Nitrile rubber, Polybutadiene, Others), Natural Rubber, Thermoplastic Elastomer) and By End-Use (Automotive, Medical, Electronics, Textile, Others) – Forecast to 2035

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    Summary Table of Contents Segmentation Download PDF

    Market Trends

    Key Emerging Trends in the Elastomers Market

    The Elastomers market shows different dynamics currently, which includes growing sectors and changing in demands between different spawning businesses. The elastomers group, namely natural rubber and synthetic rubbers, is among materials with the best flexibility and elasticity properties. Society will look at the growing needs of elastomers in the automotive sector as one of the key market trends. Because of the weighty attention placed on the car comfort, safety and fuel efficiency, elastomers are ultra-necessary for the manufacturing of tires, seals, gaskets and other components. This practice is rededicated by the continuously advancing technology in automobile design and the need for materials which can withstand various environmental forces without compromising the level of durability and reliability they offer. Along with this, the last couple of years saw a rising demand from the construction industry for elastomers with the same trend. Shore compounds belong to the group of rubber-containing compositions that are used in the manufacture of sealants, roofing materials, and insulation products. Due to the situations that call for use of construction materials that are weather resistant, flexible and durable, the construction industry has ended up with a high tendency to include the production of elastomers. Make this wording coincide with actions being taken by the building and construction industry to create an environment friendly structure, where elastomeric materials help to improve insulation and air tightness. One of the prime factors which affects elastomeric material market trends is the environmental sustainability. It is also noted that there is an increasing need of the market for the use of bio-based elastomers that are more environment friendly ones as alternatives to synthetic rubber. Companies operating in manufacturing sector are channeling resources into research and development to produce elastomer from renewable resources thereby minimizing the disadvantages of rubber. This will lean together with global initiatives to encourage environment-friendly ones in the rubber as well as elastomers manufacturing sector. Furthermore, Medical and health industry is registering a significant growth for the elastic rubber market. Elastic material, because of its biocompatibility and flexibility, is used in the manufacture of medical instruments including gloves, seals, and other gaskets. Elastomer demand in medical field has surged while custom healthcare devices are upgraded constantly and stable, safe materials are naturally required for medical applications. Cooperations and collaborations in elastomers industry go through its boom time. Companies in this field are collaborating to research and design new and improved elastomeric products and strategies. In these collaborations the goal is to meet industry specific challenges in, auto, build and health of patients in different fields of industries respectively. Therefore, these collaborations are instrumental in the development of elastomers having continuously enhanced performance and the address of varying needs across the different industries.

    Market Summary

    The Global Elastomers Market is projected to grow from 127.1 USD Billion in 2024 to 271.8 USD Billion by 2035.

    Key Market Trends & Highlights

    Global Elastomers Key Trends and Highlights

    • The market is expected to experience a compound annual growth rate (CAGR) of 7.15 percent from 2025 to 2035.
    • By 2035, the market valuation is anticipated to reach 271.8 USD Billion, indicating robust growth potential.
    • In 2024, the market is valued at 127.1 USD Billion, reflecting a strong foundation for future expansion.
    • Growing adoption of advanced elastomer technologies due to increasing demand for high-performance materials is a major market driver.

    Market Size & Forecast

    2024 Market Size 127.1 (USD Billion)
    2035 Market Size 271.8 (USD Billion)
    CAGR (2025-2035) 7.15%
    Largest Regional Market Share in 2024 latin_america)

    Major Players

    BASF SE, Evonik Industries AG, Arkema S.A., The Dow Chemical Company, Kuraray Co., Ltd., Covestro AG, SABIC, LANXESS, Mitsui Chemicals, Inc, Exxon Mobil Corporation, DuPont de Nemours, West American Rubber Company, LLC, Solvay, TERVES INC, Teknor Apex

    Market Trends

    The Global Elastomers Market is poised for expansion, driven by increasing demand across various industries, particularly in automotive and construction, which suggests a robust growth trajectory in the coming years.

    U.S. Department of Commerce

    Elastomers Market Market Drivers

    Market Driver Chart

    This section contains a chart illustrating the key market drivers influencing the Global Global Elastomers Market Industry. The chart visually represents the impact of rising demand from the automotive sector, technological advancements in material science, growing applications in healthcare, and sustainability initiatives. Each driver is quantified to reflect its potential contribution to market growth, providing a comprehensive overview of the factors shaping the industry landscape.

    Growing Applications in Healthcare

    The Global Global Elastomers Market Industry is witnessing an expansion in applications within the healthcare sector. Elastomers are increasingly utilized in medical devices, drug delivery systems, and biocompatible materials due to their flexibility, durability, and safety. For example, silicone elastomers are commonly used in implants and prosthetics, while thermoplastic elastomers are favored for their ease of processing and sterilization. As the global population ages and healthcare needs evolve, the demand for innovative medical solutions is expected to rise. This trend underscores the potential for growth in the elastomers market, aligning with the projected CAGR of 7.15% from 2025 to 2035.

    Rising Demand from Automotive Sector

    The Global Global Elastomers Market Industry is experiencing a surge in demand driven by the automotive sector. As manufacturers increasingly prioritize lightweight materials to enhance fuel efficiency and reduce emissions, elastomers are becoming essential in vehicle production. For instance, elastomers are utilized in tires, seals, and gaskets, contributing to improved performance and durability. The automotive industry's shift towards electric vehicles further amplifies this trend, as these vehicles require advanced materials for battery casings and insulation. This growing demand is projected to significantly impact the market, with the industry expected to reach 127.1 USD Billion by 2024.

    Technological Advancements in Material Science

    Technological advancements in material science are propelling the Global Global Elastomers Market Industry forward. Innovations in polymer chemistry and processing techniques are enabling the development of high-performance elastomers with enhanced properties such as heat resistance, flexibility, and chemical stability. These advancements allow for the creation of specialized elastomers tailored for various applications, including medical devices, consumer goods, and industrial components. As industries seek to improve product performance and sustainability, the demand for these advanced elastomers is likely to increase. This trend suggests a robust growth trajectory for the market, potentially reaching 271.8 USD Billion by 2035.

    Sustainability Initiatives and Eco-Friendly Materials

    Sustainability initiatives are increasingly influencing the Global Global Elastomers Market Industry. As consumers and manufacturers alike prioritize eco-friendly materials, the demand for bio-based and recyclable elastomers is on the rise. Companies are investing in research and development to create sustainable alternatives that minimize environmental impact while maintaining performance standards. For instance, bio-based elastomers derived from renewable resources are gaining traction in various applications, including packaging and automotive components. This shift towards sustainability is likely to reshape market dynamics, as businesses adapt to meet regulatory requirements and consumer preferences, further driving growth in the elastomers sector.

    Market Segment Insights

    Regional Insights

    Key Companies in the Elastomers Market market include

    Industry Developments

      • March 2022: The researchers at Johns Hopkins examined the energy-absorbing properties of liquid crystal elastomers. The research team was able to increase strength while decreasing weight by using high-energy-absorbing liquid crystal elastomers (LCEs), which are typically used in actuators and robotics.
      • February 2022: Celanese has agreed to acquire the majority of DuPont's Mobility and Materials unit for USD 11 billion, combining two of the world's leading engineering polymer businesses. Celanese will also acquire DuPont's long-chain and performance nylons, as well as polybutylene and polyethylene terephthalates. The deal also includes DuPont's polyester and ethylene acrylic elastomers, as well as its Mylar and Melinex polyester films.

    Future Outlook

    Elastomers Market Future Outlook

    The Global Elastomers Market is projected to grow at a 7.15% CAGR from 2024 to 2035, driven by increasing demand in automotive, healthcare, and consumer goods sectors.

    New opportunities lie in:

    • Invest in bio-based elastomers to meet sustainability demands.
    • Develop advanced elastomer composites for automotive applications.
    • Leverage smart elastomer technologies for healthcare innovations.

    By 2035, the Global Elastomers Market is expected to exhibit robust growth, reflecting evolving industry needs and technological advancements.

    Market Segmentation

    Report Scope

    Report Attribute/Metric Details
      Market Size   2030: USD 107.1 Billion
      CAGR   2030: 7.15% 
      Base Year   2021
      Forecast Period   2022-2030
      Historical Data   2019 & 2020
      Forecast Units   Value (USD Billion)
      Report Coverage   Revenue Forecast, Competitive Landscape, Growth Factors, and Trends
      Segments Covered   Type, End-Use Industry and Region
      Geographies Covered   North America, Europe, Asia-Pacific, and Rest of the World (RoW)
      Key Vendors   BASF SE (Germany)—Elastollan, Evonik Industries AG (Germany)—VESTAMID, Arkema S.A. (France)—Pebax, The Dow Chemical Company (US)—Vamac, Kuraray Co., Ltd. (Japan)—SEPTON, Covestro AG (Germany)- Vulkollan, SABIC (Saudi Arabia)—SABIC, ARLANXEO (The Netherlands)—Buna, Mitsui Chemicals, Inc (Japan)—TAFMER, Exxon Mobil Corporation (US)—Exxpro, DuPont de Nemours (US)—Vamac, West American Rubber Company, LLC (US)—WARCO, Solvay (Belgium)—Tecnoflon, TERVES INC (US)—Elementum, Teknor Apex (US)—Sarlink
      Key Market Opportunities Shifting interest toward the development of eco-friendly elastomers. Increasing application of dielectric elastomers in the power generation sector
      Key Market Drivers   High demand in the end-use industries, such as automotive, medical, textile, and electronics.

    Market Highlights

    Author

    Chitranshi Jaiswal
    Research Analyst Level I

    She holds an experience of about 6+ years in market research and business consulting, working under the spectrum of information communication technology, telecommunications and semiconductor domains. aarti conceptualizes and implements a scalable business strategy and provides strategic leadership to the clients. her expertise lies in market estimation, competitive intelligence, pipeline analysis, customer assessment, etc.

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    This is a great article! Really helped me understand the topic better.

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    FAQs

    What is the CAGR for Elastomer market?

    Elastomer market can expand at 7.15% CAGR by 2030.

    What is the valuation of the Elastomer market?

    By 2030, the Elastomer market value can exceed USD 107.1 Billion.

    Who are key players of the Elastomer market?

    BASF SE (Germany)—Elastollan, Arkema S.A. (France)—Pebax, and Evonik Industries AG (Germany)—VESTAMID are some reputed names in the Elastomer market.

    What is the Elastomer market driver?

    The surge in need for geotextile can promote the Elastomer market.

    What is the Elastomer market restrain?

    presence of alternative solutions can restrain the Elastomer market.

    1. Table of Contents
    2. Executive Summary
    3. Market Introduction
      1. Market Definition
      2. Scope of the Study
        1. Research Objectives
        2. Assumptions & Limitations
      3. Markets Structure
      4. Key Takeaways
    4. Market Research Methodology
      1. Research Process
      2. Primary Research
      3. Secondary Research
      4. Market Size Estimation
      5. Forecast Model
    5. Market Dynamics of Global Elastomers Market
      1. Introduction
      2. Drivers
      3. Restraints
      4. Opportunities
      5. Challenges
      6. Trends/Technology
    6. Market Factor Analysis of Global Elastomers Market
      1. Supply Chain Analysis
        1. Raw Material Suppliers
        2. Manufacturers/Producers
        3. Distributors/Retailers/Wholesalers/E-Commerce
        4. End User
      2. Porter’s Five Forces Analysis
        1. Threat of New Entrants
        2. Bargaining Power of Buyers
        3. Bargaining Power of Suppliers
        4. Threat of Substitutes
        5. Intensity of Competitive Rivalry
      3. Pricing Analysis
    7. Global Elastomers Market, by Type
      1. Introduction
      2. Thermoset Elastomer
        1. Market Estimates & Forecast, 2020−2027
        2. Market Estimates & Forecast, by Region, 2020−2027
      3. Thermoplastic Elastomer
        1. Market Estimates & Forecast, 2020−2027
        2. Market Estimates & Forecast, by Region, 2020−2027
    8. Global Elastomers Market, by End-Use Industry
      1. Introduction
      2. Automotive
        1. Market Estimates & Forecast, 2020−2027
        2. Market Estimates & Forecast, by Region, 2020−2027
      3. Medical
        1. Market Estimates & Forecast, 2020−2027
        2. Market Estimates & Forecast, by Region, 2020−2027
      4. Electronics
        1. Market Estimates & Forecast, 2020−2027
        2. Market Estimates & Forecast, by Region, 2020−2027
      5. Textile
        1. Market Estimates & Forecast, 2020−2027
        2. Market Estimates & Forecast, by Region, 2020−2027
      6. Others
        1. Market Estimates & Forecast, 2020−2027
        2. Market Estimates & Forecast, by Region, 2020−2027
    9. Global Elastomers Market, by Region
      1. Introduction
      2. North America
        1. Market Estimates & Forecast, 2020−2027
        2. Market Estimates & Forecast, by Type, 2020−2027
        3. Market Estimates & Forecast, by End-Use Industry, 2020−2027
        4. US
        5. Canada
      3. Europe
        1. Market Estimates & Forecast, 2020−2027
        2. Market Estimates & Forecast, by Type, 2020−2027
        3. Market Estimates & Forecast, by End-Use Industry, 2020−2027
        4. Germany
        5. France
        6. Italy
        7. Spain
        8. UK
        9. Russia
        10. Poland
        11. Rest of Europe
      4. Asia-Pacific
        1. Market Estimates & Forecast, 2020−2027
        2. Market Estimates & Forecast, by Type, 2020−2027
        3. Market Estimates & Forecast, by End-Use Industry, 2020−2027
        4. China
        5. India
        6. Japan
        7. Australia & New Zealand
        8. Rest of Asia-Pacific
      5. Middle East & Africa
        1. Market Estimates & Forecast, 2020−2027
        2. Market Estimates & Forecast, by Type, 2020−2027
        3. Market Estimates & Forecast, by End-Use Industry, 2020−2027
        4. GCC
        5. Israel
        6. North Africa
        7. Turkey
        8. Rest of Middle East & Africa
      6. Latin America
        1. Market Estimates & Forecast, 2020−2027
        2. Market Estimates & Forecast, by Type, 2020−2027
        3. Market Estimates & Forecast, by End-Use Industry, 2020−2027
        4. Brazil
        5. Argentina
        6. Mexico
        7. Rest of Latin America
    10. Company Landscape
      1. Introduction
      2. Market Strategy
      3. Key Development Analysis (Expansion/Merger & Acquisitions/Joint Venture/New Product Development/Agreement/Investment)
    11. Company Profiles
      1. BASF SE
        1. Company Overview
        2. Financial Updates
        3. Product/Business Segment Overview
        4. Strategy
        5. Key Developments
        6. SWOT Analysis
      2. Evonik Industries AG
        1. Company Overview
        2. Financial Updates
        3. Product/Business Segment Overview
        4. Strategy
        5. Key Developments
        6. SWOT Analysis
      3. Arkema S.A.
        1. Company Overview
        2. Financial Updates
        3. Product/Business Segment Overview
        4. Strategy
        5. Key Developments
        6. SWOT Analysis
      4. The Dow Chemical Company
        1. Company Overview
        2. Financial Updates
        3. Product/Business Segment Overview
        4. Strategy
        5. Key Developments
        6. SWOT Analysis
      5. Kuraray Co., Ltd.
        1. Company Overview
        2. Financial Updates
        3. Product/Business Segment Overview
        4. Strategy
        5. Key Developments
        6. SWOT Analysis
      6. Covestro AG
        1. Company Overview
        2. Financial Updates
        3. Product/Business Segment Overview
        4. Strategy
        5. Key Developments
        6. SWOT Analysis
      7. SABIC
        1. Company Overview
        2. Financial Updates
        3. Product/Business Segment Overview
        4. Strategy
        5. Key Developments
        6. SWOT Analysis
      8. ARLANXEO
        1. Company Overview
        2. Financial Updates
        3. Product/Business Segment Overview
        4. Strategy
        5. Key Developments
        6. SWOT Analysis
      9. Mitsui Chemicals, Inc
        1. Company Overview
        2. Financial Updates
        3. Product/Business Segment Overview
        4. Strategy
        5. Key Developments
        6. SWOT Analysis
      10. Exxon Mobil Corporation
        1. Company Overview
        2. Financial Updates
        3. Product/Business Segment Overview
        4. Strategy
        5. Key Developments
        6. SWOT Analysis
      11. DuPont de Nemours
        1. Company Overview
        2. Financial Updates
        3. Product/Business Segment Overview
        4. Strategy
        5. Key Developments
        6. SWOT Analysis
      12. West American Rubber Company,LLC
        1. Company Overview
        2. Financial Updates
        3. Product/Business Segment Overview
        4. Strategy
        5. Key Developments
        6. SWOT Analysis
      13. Solvay
        1. Company Overview
        2. Financial Updates
        3. Product/Business Segment Overview
        4. Strategy
        5. Key Developments
        6. SWOT Analysis
      14. TERVES INC.
        1. Company Overview
        2. Financial Updates
        3. Product/Business Segment Overview
        4. Strategy
        5. Key Developments
        6. SWOT Analysis
      15. Teknor Apex
        1. Company Overview
        2. Financial Updates
        3. Product/Business Segment Overview
        4. Strategy
        5. Key Developments
        6. SWOT Analysis
    12. Conclusion
    13. List of Tables and Figures
      1. LIST OF TABLES
      2. Table 1 Global Elastomers Market: by Region, 2020−2027
      3. Table 2 North America: Elastomers Market, by Country, 2020−2027
      4. Table 3 Europe: Elastomers Market, by Country, 2020−2027
      5. Table 4 Asia-Pacific: Elastomers Market. by Country, 2020−2027
      6. Table 5 Middle East & Africa: Elastomers Market, by Country, 2020−2027
      7. Table 6 Latin America: Elastomers Market, by Country, 2020−2027
      8. Table 7 Global Elastomers Type Market, by Regions, 2020−2027
      9. Table 8 North America: Elastomers Type Market, by Country, 2020−2027
      10. Table 9 Europe: Elastomers Type Market, by Country, 2020−2027 Table10 Asia-Pacific: Elastomers Type Market, by Country, 2020−2027 Table11 Middle East & Africa: Elastomers Type Market, by Country, 2020−2027 Table12 Latin America: Elastomers Type Market, by Country, 2020−2027 Table13 Global Elastomers End-Use Industry Market, by Regions, 2020−2027 Table14 North America: Elastomers End-Use Industry Market, by Country, 2020−2027 Table15 Europe: Elastomers End-Use Industry Market, by Country, 2020−2027 Table16 Asia-Pacific: Elastomers End-Use Industry Market, by Country, 2020−2027 Table17 Middle East & Africa: Elastomers End-Use Industry Market, by Country, 2020−2027 Table18 Latin America: Elastomers by End-Use Industry Market, by Country, 2020-2027 Table19 Global Type Market, by Region, 2020−2027 Table20 Global End-Use Industry Market, by Region, 2020−2027 Table21 North America: Elastomers Market, by Country, 2020−2027 Table22 North America: Elastomers Market, by Type, 2020−2027 Table23 North America: Elastomers Market, by End-Use Industry, 2020−2027 Table24 Europe: Elastomers Market, by Country, 2020−2027 Table25 Europe: Elastomers Market, by Type, 2020−2027 Table26 Europe: Elastomers Market, by End-Use Industry, 2020−2027 Table27 Asia-Pacific: Elastomers Market, by Country, 2020−2027 Table28 Asia-Pacific: Elastomers Market, by Type, 2020−2027 Table29 Asia-Pacific: Elastomers Market, by End-Use Industry, 2020−2027 Table30 Middle East & Africa: Elastomers Market, by Country, 2020−2027 Table31 Middle East & Africa: Elastomers Market, by Type, 2020−2027 Table32 Middle East & Africa: Elastomers Market, by End-Use Industry, 2020−2027 Table33 Latin America: Elastomers Market, by Country, 2020−2027 Table34 Latin America: Elastomers Market, by Type, 2020−2027 Table35 Latin America: Elastomers Market, by End-Use Industry, 2020−2027 LIST OF FIGURES
      11. FIGURE 1 Global Elastomers Market Segmentation
      12. FIGURE 2 Forecast Research Methodology
      13. FIGURE 3 Five Forces Analysis of Global Elastomers Market
      14. FIGURE 4 Value Chain of Global Elastomers Market
      15. FIGURE 5 Global Elastomers Market, 2020−2027, by Country, 2020
      16. FIGURE 6 Share of Global Elastomers Market, by Type, 2020−2027
      17. FIGURE 7 Global Elastomers Market Size, by Type, 2020
      18. FIGURE 8 Share of Global Elastomers Market, by Type, 2020−2027
      19. FIGURE 9 Global Elastomers Market Size, by End-Use Industry, 2020 FIGURE10 Share of Global Elastomers Market, by End-Use Industry, 2020−2027

    Elastomers Market Segmentation

    Market Segmentation Overview

    • Detailed segmentation data will be available in the full report
    • Comprehensive analysis by multiple parameters
    • Regional and country-level breakdowns
    • Market size forecasts by segment
    Infographic

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