$92.36 Billion Elastomers Market - By Type,Thermoplastic & Application - Global Forecast to 2021 - Research and Markets

DUBLIN--()--Research and Markets has announced the addition of the "Elastomers Market - Global Forecast to 2021" report to their offering.

The global elastomers market is estimated to reach USD 92.36 Billion by 2021 at a CAGR of 4.6% from 2016 to 2021. The growth of the market can be attributed to the increasing adoption of elastomers across applications, such as automotive, medical, and industrial, owing to their properties including superior mechanical properties, chemical resistance, and high heat stability. However, high processing cost of elastomers is may restrain the growth of market.

Medical is expected to be the fastest-growing applications segment, in terms of volume & value of the elastomers market. Elastomers are being rapidly adopted to in the medical application, as they possess outstanding fungus resistance, low temperature flexibility, tensile strength, acid/base resistance, fluid resistance, excellent hydrolytic stability, easy sterilization, and excellent translucency.

These properties make them suitable for a wide range of applications, such as drug patches, gas supply, drug delivery, medical bags, wound dressing, chest drainage, peristaltic pump catheters, surgical instruments, valves, needleless syringes, ventilation bags, stoppers, vial caps, and bottles.

Asia-Pacific is expected to be the fastest-growing market for elastomers market, in terms of value and volume. High economic growth rate, growing manufacturing industries, cheap labor, increasing foreign investments, and rise in the adoption of elastomers across applications, such as medical, automotive, and industrial applications are some of the major factors expected to fuel the growth of the market in the region. China, India, Japan, and Taiwan are key markets for elastomers in Asia-Pacific.

Companies Mentioned:

  • Basf Se
  • Covestro Ag
  • E. I. Du Pont De Nemours And Company
  • JSR Corporation
  • Kuraray Co., Ltd.
  • Lanxess Ag
  • Nizhnekamskneftekhim Pjsc
  • Teknor Apex
  • The Dow Chemical Company
  • Zeon Corporation

Key Topics Covered:

1 Introduction

2 Research Methodology

4 Premium Insights

5 Market Overview

6 Industry Trends

7 Elastomers Market, By Type

8 Elastomer Market, By End-Use Industry

9 Elastomers Market, By Region

10 Competitive Landscape

11 Company Profiles

12 Appendix

For more information about this report visit http://www.researchandmarkets.com/research/wxvjcc/elastomers_market

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Related Topics: Automotive Manufacturing, Automotive Materials

Contacts

Research and Markets
Laura Wood, Senior Manager
press@researchandmarkets.com
For E.S.T Office Hours Call 1-917-300-0470
For U.S./CAN Toll Free Call 1-800-526-8630
For GMT Office Hours Call +353-1-416-8900
U.S. Fax: 646-607-1907
Fax (outside U.S.): +353-1-481-1716
Related Topics: Automotive Manufacturing, Automotive Materials