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Elastomers Market Analysis

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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Market Analysis

In-depth Analysis of Elastomers Market Industry Landscape

The elastomers sector (EMI) has witnessed rapid developments over recent years driven by multipurpose industries looking for high performance and durable materials which can be applied in a diverse range of applications. The term elastomers, which is a representation of the word rubber, is a subset of polymers that has the unusual properties of being elastic and flexible. They aid engineering applications in many industries such as the automotive, construction, health care, consumer industries, and many more. One of the important market dynamics that drive the demand in the automotive sector is the growing demand for rubber in which tires, seals, gaskets and other components are manufactured extensively. The automotive industry’s desirable properties for lightweight materials, more efficient fuel usage, and higher safety standards play a crucial part in bringing the elastomers’ usage to sustainability.

Construction too, as a critical sector, figures in a number of ways that elastomers are used in construction joints, adhesives, membranes and other components. The flexibility of elastomers to endure changing weather conditions, providing shelter to people and durability of buildings while minimizing the danger to human injuries is the very reason why they are required in construction. With increasing international expansion of the construction industry, market demand responds by looking for long lasting and able to survive materials in products and these specifications are met by the fabrication of rubber materials.

Healthcare industry, which represents the pivotal driving force in the elastomers market, also affects the market dynamics. Medical devices, surgical instruments and pharmaceuticals packing can be produced by elastomers due to their stability, flexibility and ability to be sterilized. The prompt growth of the healthcare sector with the emerging technical innovations in the medical technology make elastomeric materials more sought-after, giving the industry players a chance to enrich their offers.

The elastomers market dynamic is also influenced by the consumer goods industry where there are hundreds of manufacturers and elastomers are extensively used in the making of footwear, clothing, houseware, sports and other goods. The range of properties of elastomers that it offers to manufacturers assists them to meet specific requirements of their clientele through the use of products that can be soft as well as durable at the same time, resistant to abrasion. With regard to consumer aesthetics, as well as long term sustainability, they largely choose products of intelligent design which utilize elastomers.

Nevertheless, the world of elastomers is not without problems: such problems include: the difficulty of buying raw material, the consideration of the environment in disposal and recycling, as well as the need for special formulations to meet the luxury industry requirements. The whole industry is attempting to overcome these challenges by investing in the research and development of sustainable and environmentally friendly elastomers and by exploring the recycling technology as well as advance formulations which can be used to enhance performance and meet specific purposes.

Author
Chitranshi Jaiswal
Research Analyst Level I

In her 3 years of experience in the market research field, she has handled critical cross-domain projects. She has an in-depth knowledge of market estimation & analysis, problem-solving, primary as well as secondary research, and team management.She holds an engineering degree and is an MBA professional from a well-known university, capable of evaluating the market and competitive conditions. An exceptional strategist with excellent communication skills and a passion for delivering cutting-edge & practical insights for the market. Proficient in multi-tasking, and can successfully deal with competing demands, while maintaining complete confidentiality. Generated business through active client and project development, networking, and high-quality responses. Her knowledge and skills have helped in making solid business decisions, securing funding from investors, and avoiding business failures.

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FAQs

What is the CAGR for Elastomer market?

Elastomer market can expand at 7.15% CAGR by 2035.

What is the valuation of the Elastomer market?

By 2035, 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.

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 Market 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

<p>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</p>

Market Trends

Elastomers Market Market Drivers

Market Driver Chart

This section contains a chart illustrating the key market drivers influencing the 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 Elastomers Market Industry is witnessing an expansion in applications within the healthcare sector. Elastomers Market 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 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 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 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

<p>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.</p>

New opportunities lie in:

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

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

Market Segmentation

Report Scope

Report Attribute/MetricDetails
  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 OpportunitiesShifting 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.

FAQs

What is the CAGR for Elastomer market?

Elastomer market can expand at 7.15% CAGR by 2035.

What is the valuation of the Elastomer market?

By 2035, 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. Executive Summary
  2. Market Introduction
    1. Market Definition
    2. Scope of the Study
      1. Research Objectives
      2. Assumptions & Limitations
    3. Markets Structure
    4. Key Takeaways
  3. Market Research Methodology
    1. Research Process
    2. Primary Research
    3. Secondary Research
    4. Market Size Estimation
    5. Forecast Model
  4. Market Dynamics of Global Elastomers Market
    1. Introduction
    2. Drivers
    3. Restraints
    4. Opportunities
    5. Challenges
    6. Trends/Technology
  5. 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
  6. 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
  7. 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
  8. 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
  9. Company Landscape
    1. Introduction
    2. Market Strategy
    3. Key Development Analysis (Expansion/Merger & Acquisitions/Joint Venture/New Product Development/Agreement/Investment)
  10. 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
  11. Conclusion
  12. LIST OF TABLES
  13. Global Elastomers Market: by Region, 2020−2027
  14. North America: Elastomers Market, by Country, 2020−2027
  15. Europe: Elastomers Market, by Country, 2020−2027
  16. Asia-Pacific: Elastomers Market. by Country, 2020−2027
  17. Middle East & Africa: Elastomers Market, by Country, 2020−2027
  18. Latin America: Elastomers Market, by Country, 2020−2027
  19. Global Elastomers Type Market, by Regions, 2020−2027
  20. North America: Elastomers Type Market, by Country, 2020−2027
  21. Europe: Elastomers Type Market, by Country, 2020−2027
  22. Table10 Asia-Pacific: Elastomers Type Market, by Country, 2020−2027
  23. Table11 Middle East & Africa: Elastomers Type Market, by Country, 2020−2027
  24. Table12 Latin America: Elastomers Type Market, by Country, 2020−2027
  25. Table13 Global Elastomers End-Use Industry Market, by Regions, 2020−2027
  26. Table14 North America: Elastomers End-Use Industry Market, by Country, 2020−2027
  27. Table15 Europe: Elastomers End-Use Industry Market, by Country, 2020−2027
  28. Table16 Asia-Pacific: Elastomers End-Use Industry Market, by Country, 2020−2027
  29. Table17 Middle East & Africa: Elastomers End-Use Industry Market, by Country, 2020−2027
  30. Table18 Latin America: Elastomers by End-Use Industry Market, by Country, 2020-2027
  31. Table19 Global Type Market, by Region, 2020−2027
  32. Table20 Global End-Use Industry Market, by Region, 2020−2027
  33. Table21 North America: Elastomers Market, by Country, 2020−2027
  34. Table22 North America: Elastomers Market, by Type, 2020−2027
  35. Table23 North America: Elastomers Market, by End-Use Industry, 2020−2027
  36. Table24 Europe: Elastomers Market, by Country, 2020−2027
  37. Table25 Europe: Elastomers Market, by Type, 2020−2027
  38. Table26 Europe: Elastomers Market, by End-Use Industry, 2020−2027
  39. Table27 Asia-Pacific: Elastomers Market, by Country, 2020−2027
  40. Table28 Asia-Pacific: Elastomers Market, by Type, 2020−2027
  41. Table29 Asia-Pacific: Elastomers Market, by End-Use Industry, 2020−2027
  42. Table30 Middle East & Africa: Elastomers Market, by Country, 2020−2027
  43. Table31 Middle East & Africa: Elastomers Market, by Type, 2020−2027
  44. Table32 Middle East & Africa: Elastomers Market, by End-Use Industry, 2020−2027
  45. Table33 Latin America: Elastomers Market, by Country, 2020−2027
  46. Table34 Latin America: Elastomers Market, by Type, 2020−2027
  47. Table35 Latin America: Elastomers Market, by End-Use Industry, 2020−2027
  48. LIST OF FIGURES
  49. Global Elastomers Market Segmentation
  50. Forecast Research Methodology
  51. Five Forces Analysis of Global Elastomers Market
  52. Value Chain of Global Elastomers Market
  53. Global Elastomers Market, 2020−2027, by Country, 2020
  54. Share of Global Elastomers Market, by Type, 2020−2027
  55. Global Elastomers Market Size, by Type, 2020
  56. Share of Global Elastomers Market, by Type, 2020−2027
  57. Global Elastomers Market Size, by End-Use Industry, 2020
  58. 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
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