Automotive Elastomer Market Report: Trends, Forecast and Competitive Analysis to 2030

Automotive Elastomer Trends and Forecast

The future of the global automotive elastomer market looks promising with opportunities in the tire, interior, exterior, and under the hood markets. The global automotive elastomer market is expected to reach an estimated $41.4 billion by 2030 with a CAGR of 5.3% from 2024 to 2030. The major drivers for this market are rising consumer discretionary income and growing demand for new cars, government regulations and guidelines that are designed to lower pollution, as well as, improve vehicle economy and guarantee the safety of passengers.

A more than 150-page report is developed to help in your business decisions.

Automotive Elastomer by Segment

The study includes a forecast for the global automotive elastomer by type, vehicle type, application, and region.

Automotive Elastomer Market by Type [Shipment Analysis by Value from 2018 to 2030]:

• Thermoset Elastomer
• Thermoplastic Elastomer

Automotive Elastomer Market by Vehicle Type [Shipment Analysis by Value from 2018 to 2030]:

• Passenger Cars
• Light Commercial Vehicles
• Medium and Heavy Commercial Vehicles

Automotive Elastomer Market by Application [Shipment Analysis by Value from 2018 to 2030]:

• Tire
• Interior
• Exterior
• Under the Hood
• Others

Automotive Elastomer Market by Region [Shipment Analysis by Value from 2018 to 2030]:

• North America
• Europe
• Asia Pacific
• The Rest of the World

List of Automotive Elastomer Companies

Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies automotive elastomer companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the automotive elastomer companies profiled in this report include-

• Dow
• LANXESS
• DuPont
• ExxonMobil
• BASF
• SABIC
• Huntsman International
• Continental
• INEOS
• Mitsui Chemicals

Automotive Elastomer Market Insights

Lucintel forecasts that thermoset elastomer will remain the larger segment over the forecast period due to the growing use and application of synthetic and natural rubber in the automotive sector.

APAC will remain the largest region over the forecast period due to the existence of significant market suppliers, the affordability of labor and raw resources, and the widespread use of cutting-edge technology.

Features of the Global Automotive Elastomer Market

Market Size Estimates: Automotive elastomer market size estimation in terms of value ($B).

Trend and Forecast Analysis: Market trends (2018 to 2023) and forecast (2024 to 2030) by various segments and regions.

Segmentation Analysis: Automotive elastomer market size by type, vehicle type, application, and region in terms of value ($B).

Regional Analysis: Automotive elastomer market breakdown by North America, Europe, Asia Pacific, and Rest of the World.

Growth Opportunities: Analysis of growth opportunities in different type, vehicle type, application, and regions for the automotive elastomer market.

Strategic Analysis: This includes M&A, new product development, and competitive landscape of the automotive elastomer market.

Analysis of competitive intensity of the industry based on Porter's Five Forces model.

FAQ

Q1. What is the automotive elastomer market size?

Answer: The global automotive elastomer market is expected to reach an estimated $41.4 billion by 2030.

Q2. What is the growth forecast for automotive elastomer market?

Answer: The global automotive elastomer market is expected to grow with a CAGR of 5.3% from 2024 to 2030.

Q3. What are the major drivers influencing the growth of the automotive elastomer market?

Answer: The major drivers for this market are rising consumer discretionary income and growing demand for new cars, government regulations and guidelines that are designed to lower pollution, as well as, improve vehicle economy and guarantee the safety of passengers.

Q4. What are the major segments for automotive elastomer market?

Answer: The future of the global automotive elastomer market looks promising with opportunities in the tire, interior, exterior, and under the hood markets.

Q5. Who are the key automotive elastomer market companies?

Answer: Some of the key automotive elastomer companies are as follows.

• Dow
• LANXESS
• DuPont
• ExxonMobil
• BASF
• SABIC
• Huntsman International
• Continental
• INEOS
• Mitsui Chemicals

Q6. Which automotive elastomer market segment will be the largest in future?

Answer: Lucintel forecasts that thermoset elastomer will remain the larger segment over the forecast period due to the growing use and application of synthetic and natural rubber in the automotive sector.

Q7. In automotive elastomer market, which region is expected to be the largest in next 5 years?

Answer: APAC will remain the largest region over the forecast period due to the existence of significant market suppliers, the affordability of labor and raw resources, and the widespread use of cutting-edge technology.

Q.8 Do we receive customization in this report?

Answer: Yes, Lucintel provides 10% customization without any additional cost.

This report answers following 11 key questions:

• Q.1. What are some of the most promising, high-growth opportunities for the automotive elastomer market by type (thermoset elastomer and thermoplastic elastomer), vehicle type (passenger cars, light commercial vehicles, and medium and heavy commercial vehicles), application (tire, interior, exterior, under the hood, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World)?
• Q.2. Which segments will grow at a faster pace and why?
• Q.3. Which region will grow at a faster pace and why?
• Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
• Q.5. What are the business risks and competitive threats in this market?
• Q.6. What are the emerging trends in this market and the reasons behind them?
• Q.7. What are some of the changing demands of customers in the market?
• Q.8. What are the new developments in the market? Which companies are leading these developments?
• Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
• Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
• Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?