DUBLIN--(BUSINESS WIRE)--The "Automotive Elastomers Market by Type (Natural Rubber, SBR, Nitrile Elastomer, EPDM, Silicone Rubber, Fluoroelastomer, Styrene Block Copolymers, TPU, TPO, TPV, TPC), Application (Tire and Non-Tire), and Region - Global Forecast to 2022" report has been added to ResearchAndMarkets.com's offering.
The global automotive elastomers market is projected to reach US$58.82 billion by 2022, at a CAGR of 5.0% from 2017 to 2022.
The rapid growth of the automotive and transportation industry, coupled with the increasing demand for high efficiency vehicles, is the key factor driving the demand for automotive elastomers. Moreover, stringent emission regulations and the superior properties of automotive elastomers over traditional rubber, such as heat resistance, weathering and ozone resistance, flexibility, durability, aging resistance, variety, chemical resistance, and oil & gas resistance, are driving the demand for automotive elastomers.
Among various types of elastomers, the silicone elastomers segment of the automotive elastomers market is expected to grow at the highest CAGR during the forecast period. Silicone elastomers are being rapidly adopted in various applications due to outstanding resistance to weathering and ozone, high compression set, high physiological inertness, resistance to bacteria and fungi, and high temperature stability.
The automotive industry and total vehicle production automotive industry is very high in the Asia Pacific region due to the availability of raw materials and efficient labor, along with the high demand for passenger cars, as the population and standard of living is growing rapidly in this region. As a result, the demand for automotive elastomers is expected to grow in this region.
- JSR Corporation
- Kraiburg TEP GmbH & Co. Kg
- LG Chem
- Mitsubishi Chemicals
- Mitsui Chemicals
- Nizhnekamskneftekhim Pjsc
- TSRC Corporation
- Teknor Apex
- Wacker Chemie
- Zeon Corporation
Key Topics Covered:
2 Research Methodology
3 Executive Summary
4 Premium Insights
5 Market Overview
6 Automotive Elastomers Market, By Type
7 Automotive Elastomers Market, By Application
8 Automotive Elastomers Market, By Region
9 Competitive Landscape
10 Company Profiles
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