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Global Automotive Elastomers Market to reach USD XX million by 2028.

Global Automotive Elastomers Market Size study, By Type (Natural Rubbers (NR), Butyl Elastomers (IIR), Butadiene (BR) (Polybutadiene) Elastomers, Ethylene-propylene (EPM/EPDM) Elastomers, Polyisoprene (IR) Elastomers, Nitrile (NBR) Elastomers, Silicones (Q), and Others), By Application (Tire, Non-tire), and Regional Forecasts 2022-2028

Product Code: ALTAMC-68922814
Publish Date: 30-08-2022
Page: 200

Global Automotive Elastomers Market is valued approximately USD XX million in 2021 and is anticipated to grow with a healthy growth rate of more than 5.4 % over the forecast period 2022-2028.

The Elastomers are materials that are used in place of rubber in a wide range of applications, from high-performance fluor elastomers for automotive use to thermoset rubber polymers. These polymers work as substitutes in high temperatures and chemical additives. It fulfills the requirements for automotive applications for flexibility, sealing, durability, and reliability. The material’s flexibility is considered. The key factor driving the market growth of Automotive Elastomers is rising automotive industry. Thus, creates the lucrative demand for the market during forecast period. For instance, according to German Trade and Invest, German automobile manufactures produced over 16 million vehicles in 2019 which was up from 15 million in year 2015. Also, as per the Federal Statistical Office, Germany manufactured around 328,000 all automobiles worth USD 14.71 billion in 2021. The number of automobiles sold increased by 85.8% year over year and by 268.0% year over year in 2019. Another factor driving the growth of the automotive elastomers market is the inclination of several tier 1 automotive component suppliers to use elastomers to reduce the size and weight of their products. Additionally, the growing focus on reducing fuel consumption and carbon emissions by reducing engines is boosting the demand for automotive elastomers. In addition to helping vehicles resist exceptionally high temperatures and chemical attack, it also helps in achieving more horsepower. Also, growing development of new grades of automotive elastomers anticipated to act as a catalyzing factor for the market demand during the forecast period. However, fluctuating raw material prices and high cost involved in processing of high-temperature elastomers impede the growth of the market over the forecast period of 2022-2028.

The key regions considered for the global Automotive Elastomers Market study include Asia Pacific, North America, Europe, Latin America, and the Rest of the World. Asia-Pacific is the leading region across the world in terms of market share owing to the rising demand from the automotive and transportation industry. Whereas, North America is anticipated to exhibit a significant growth rate over the forecast period 2022-2028. Factors such as attributed to technological advancement in the country, rising disposable incomes, and demand for new vehicles would create lucrative growth prospects for the global Automotive Elastomers Market across the North American region.

Major market players included in this report are:
3M Company
Exxon Mobil Corporation
JSR Corporation
Kraiburg TEP GmbH & Co. Kg
Mitsui Chemicals, Inc
Kuraray Co., Ltd.
LG Chem Ltd.
Saudi Basic Industries Corporation (SABIC)

The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:
By Type
Natural Rubbers (NR)
Butyl Elastomers (IIR)
Butadiene (BR) (Polybutadiene) Elastomers
Ethylene-propylene (EPM/EPDM) Elastomers
Polyisoprene (IR) Elastomers
Nitrile (NBR) Elastomers
Silicones (Q)
By Application
By Region:
North America

Asia Pacific
South Korea
Latin America
Rest of the World

Furthermore, years considered for the study are as follows:

Historical year – 2018, 2019, 2020
Base year – 2021
Forecast period – 2022 to 2028

Target Audience of the Global Automotive Elastomers Market in Market Study:

Key Consulting Companies & Advisors
Large, medium-sized, and small enterprises
Venture capitalists
Value-Added Resellers (VARs)
Third-party knowledge providers
Investment bankers

Chapter 1. Executive Summary
1.1. Market Snapshot
1.2. Global & Segmental Market Estimates & Forecasts, 2020-2028 (USD Million)
1.2.1. Global Automotive Elastomers Market, by Region, 2020-2028 (USD Million)
1.2.2. Global Automotive Elastomers Market, by Type, 2020-2028 (USD Million)
1.2.3. Global Automotive Elastomers Market, by Application, 2020-2028 (USD Million)
1.3. Key Trends
1.4. Estimation Methodology
1.5. Research Assumption
Chapter 2. Global Automotive Elastomers Market Definition and Scope
2.1. Objective of the Study
2.2. Market Definition & Scope
2.2.1. Scope of the Study
2.2.2. Industry Evolution
2.3. Years Considered for the Study
2.4. Currency Conversion Rates
Chapter 3. Global Automotive Elastomers Market Dynamics
3.1. Automotive Elastomers Market Impact Analysis (2020-2028)
3.1.1. Market Drivers Rising Automotive Industry Growing Demand for High-Performance and Lightweight Materials in the Automotive Industry
3.1.2. Market Challenges Fluctuating Raw Material Prices High Cost Involved in Processing of High-Temperature Elastomers
3.1.3. Market Opportunities Development of New Grades of Automotive Elastomers
Chapter 4. Global Automotive Elastomers Market Industry Analysis
4.1. Porter’s 5 Force Model
4.1.1. Bargaining Power of Suppliers
4.1.2. Bargaining Power of Buyers
4.1.3. Threat of New Entrants
4.1.4. Threat of Substitutes
4.1.5. Competitive Rivalry
4.1.6. Futuristic Approach to Porter’s 5 Force Model (2018-2028)
4.2. PEST Analysis
4.2.1. Political
4.2.2. Economical
4.2.3. Social
4.2.4. Technological
4.3. Investment Adoption Model
4.4. Analyst Recommendation & Conclusion
4.5. Top investment opportunity
4.6. Top winning strategies
Chapter 5. Risk Assessment: COVID-19 Impact
5.1.1. Assessment of the overall impact of COVID-19 on the industry
5.1.2. Pre COVID-19 and post COVID-19 Market scenario
Chapter 6. Global Automotive Elastomers Market, by Type
6.1. Market Snapshot
6.2. Global Automotive Elastomers Market by Type, Performance – Potential Analysis
6.3. Global Automotive Elastomers Market Estimates & Forecasts by Type 2018-2028 (USD Million)
6.4. Automotive Elastomers Market, Sub Segment Analysis
6.4.1. Natural Rubbers (NR)
6.4.2. Butyl Elastomers (IIR)
6.4.3. Butadiene (BR) (Polybutadiene) Elastomers
6.4.4. Ethylene-propylene (EPM/EPDM) Elastomers
6.4.5. Polyisoprene (IR) Elastomers
6.4.6. Nitrile (NBR) Elastomers
6.4.7. Silicones (Q)
6.4.8. Others
Chapter 7. Global Automotive Elastomers Market, by Application
7.1. Market Snapshot
7.2. Global Automotive Elastomers Market by Application, Performance – Potential Analysis
7.3. Global Automotive Elastomers Market Estimates & Forecasts by Application 2018-2028 (USD Million)
7.4. Automotive Elastomers Market, Sub Segment Analysis
7.4.1. Tire
7.4.2. Non-tire

Chapter 8. Global Automotive Elastomers Market, Regional Analysis
8.1. Automotive Elastomers Market, Regional Market Snapshot
8.2. North America Automotive Elastomers Market
8.2.1. U.S. Automotive Elastomers Market Type estimates & forecasts, 2018-2028 Application estimates & forecasts, 2018-2028
8.2.2. Canada Automotive Elastomers Market
8.3. Europe Automotive Elastomers Market Snapshot
8.3.1. U.K. Automotive Elastomers Market
8.3.2. Germany Automotive Elastomers Market
8.3.3. France Automotive Elastomers Market
8.3.4. Spain Automotive Elastomers Market
8.3.5. Italy Automotive Elastomers Market
8.3.6. Rest of Europe Automotive Elastomers Market
8.4. Asia-Pacific Automotive Elastomers Market Snapshot
8.4.1. China Automotive Elastomers Market
8.4.2. India Automotive Elastomers Market
8.4.3. Japan Automotive Elastomers Market
8.4.4. Australia Automotive Elastomers Market
8.4.5. South Korea Automotive Elastomers Market
8.4.6. Rest of Asia Pacific Automotive Elastomers Market
8.5. Latin America Automotive Elastomers Market Snapshot
8.5.1. Brazil Automotive Elastomers Market
8.5.2. Mexico Automotive Elastomers Market
8.6. Rest of The World Automotive Elastomers Market

Chapter 9. Competitive Intelligence
9.1. Top Market Strategies
9.2. Company Profiles
9.2.1. 3M Company Key Information Overview Financial (Subject to Data Availability) Product Summary Recent Developments
9.2.3. BASF SE
9.2.4. Exxon Mobil Corporation
9.2.5. JSR Corporation
9.2.6. Kraiburg TEP GmbH & Co. Kg
9.2.7. Mitsui Chemicals, Inc
9.2.8. Kuraray Co., Ltd.
9.2.9. LG Chem Ltd.
9.2.10. Saudi Basic Industries Corporation (SABIC)
Chapter 10. Research Process
10.1. Research Process
10.1.1. Data Mining
10.1.2. Analysis
10.1.3. Market Estimation
10.1.4. Validation
10.1.5. Publishing
10.2. Research Attributes
10.3. Research Assumption

At Bizwit Research and Consultancy, we employ a thorough and iterative research methodology with the goal of minimizing discrepancies, ensuring the provision of highly accurate estimates and predictions over the forecast period. Our approach involves a combination of bottom-up and top-down strategies to effectively segment and estimate quantitative aspects of the market, utilizing our proprietary data & AI tools. Our Proprietary Tools allow us for the creation of customized models specific to the research objectives. This enables us to develop tailored statistical models and forecasting algorithms to estimate market trends, future growth, or consumer behavior. The customization enhances the accuracy and relevance of the research findings.
We are dedicated to clearly communicating the purpose and objectives of each research project in the final deliverables. Our process begins by identifying the specific problem or challenge our client wishes to address, and from there, we establish precise research questions that need to be answered. To gain a comprehensive understanding of the subject matter and identify the most relevant trends and best practices, we conduct an extensive review of existing literature, industry reports, case studies, and pertinent academic research.
Critical elements of methodology employed for all our studies include:
Data Collection:
To determine the appropriate methods of data collection based on the research objectives, we consider both primary and secondary sources. Primary data collection involves gathering information directly from various industry experts in core and related fields, original equipment manufacturers (OEMs), vendors, suppliers, technology developers, alliances, and organizations. These sources encompass all segments of the value chain within the specific industry. Through in-depth interviews, we engage with key industry participants, subject-matter experts, C-level executives of major market players, industry consultants, and other relevant experts. This allows us to obtain and validate critical qualitative and quantitative information while evaluating market prospects. AI and Big Data are instrumental in our primary research, providing us with powerful tools to collect, analyze, and derive insights from data efficiently. These technologies contribute to the advancement of research methodologies, enabling us to make data-driven decisions and uncover valuable findings.
In addition to primary sources, we extensively utilize secondary sources to enhance our research. These include directories, databases, journals focusing on related industries, company newsletters, and information portals such as Bloomberg, D&B Hoovers, and Factiva. These secondary sources enable us to identify and gather valuable information for our comprehensive, technical, market-oriented, and commercial study of the market. Additionally, we utilize AI algorithms to automate the collection of vast amounts of data from various sources such as surveys, social media platforms, online transactions, and web scraping. And employ Big Data technologies for storage and processing of large datasets, ensuring that no valuable information is missed during the data collection process.
Data Analysis:
Our team of experts carefully examine the gathered data using suitable statistical techniques and qualitative analysis methods. For quantitative analysis, we employ descriptive statistics, regression analysis, and other advanced statistical methods, depending on the characteristics of the data. This analysis may also incorporate the utilization of AI tools and big data analysis techniques to extract meaningful insights.
To ensure the accuracy and reliability of our findings, we extensively leverage data science techniques, which help us minimize discrepancies and uncertainties in our analysis. We employ Data Science to clean and preprocess the data, ensuring its quality and reliability. This involves handling missing data, removing outliers, standardizing variables, and transforming data into suitable formats for analysis. The application of data science techniques enhances our accuracy, efficiency, and depth of analysis, enabling us to stay competitive in dynamic market environments.
Market Size Estimation:
Our proprietary data tools play a crucial role in deriving our market estimates and forecasts. Each study involves the creation of a unique and customized model. The model incorporates the gathered information on market dynamics, technology landscape, application development, and pricing trends. AI techniques, such as machine learning and deep learning, aid us to analyze patterns within the data to identify correlations, trends, and relationships. By recognizing patterns in consumer behavior, purchasing habits, or market dynamics, our AI algorithms aid us in more precise estimations of market size. These factors are simultaneously analyzed within the model, allowing for a comprehensive assessment. To quantify their impact over the forecast period, correlation, regression, and time series analysis are employed.
To estimate and validate the market size, we employ both top-down and bottom-up approaches. The preference is given to a bottom-up approach, where key regional markets are analyzed as separate entities. This data is then integrated to obtain global estimates. This approach is crucial as it provides a deep understanding of the industry and helps minimize errors.
In our forecasting process, we consider various parameters such as economic tools, technological analysis, industry experience, and domain expertise. By taking all these factors into account, we strive to produce accurate and reliable market forecasts. When forecasting, we take into consideration several parameters, which include:
Market driving trends and favorable economic conditions
Restraints and challenges that are expected to be encountered during the forecast period.
Anticipated opportunities for growth and development
Technological advancements and projected developments in the market
Consumer spending trends and dynamics
Shifts in consumer preferences and behaviors.
The current state of raw materials and trends in supply versus pricing
Regulatory landscape and expected changes or developments.
The existing capacity in the market and any expected additions or expansions up to the end of the forecast period.
To assess the market impact of these parameters, we assign weights to each one and utilize weighted average analysis. This process allows us to quantify their influence on the market and derive an expected growth rate for the forecasted period. By considering these various factors and applying a weighted analysis approach, we strive to provide accurate and reliable market forecasts.
Insight Generation & Report Presentation:
After conducting the research, our experts analyze the findings in relation to the research objectives and the specific needs of the client. They generate valuable insights and recommendations that directly address the client’s business challenges. These insights are carefully connected to the research findings to provide a comprehensive understanding.
Next, we create a well-structured research report that effectively communicates the research findings, insights, and recommendations to the client. To enhance clarity and comprehension, we utilize visual aids such as charts, graphs, and tables. These visual elements are employed to present the data in an engaging and easily understandable format, ensuring that the information is accessible and visually appealing to the client. Our aim is to deliver a clear and concise report that conveys the research findings effectively and provides actionable recommendations to meet the client’s specific needs.

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