Elastomers Market Size & Share Analysis - Growth Trends & Forecasts (2025 - 2030)

The report covers Global Automotive Elastomers Market Revenue and is segmented by Product Type (Thermoset Elastomers and Thermoplastic Elastomers), Application (Automotive, Sports, Electronics, Industrial, Adhesives, and Other Applications), and Geography (Asia-Pacific, North America, Europe, South America, and the Middle East and Africa). The report offers market size and forecasts in terms of revenue (USD million) for all the above segments.

Elastomers Market Size & Share Analysis - Growth Trends & Forecasts (2025 - 2030)

Elastomers Market Size

Elastomers Market Summary
Study Period 2019 - 2030
Base Year For Estimation 2024
Forecast Data Period 2025 - 2030
CAGR 5.00 %
Fastest Growing Market Asia-Pacific
Largest Market North America
Market Concentration High

Major Players

Elastomers Market Major Players

*Disclaimer: Major Players sorted in no particular order

Compare market size and growth of Elastomers Market with other markets in Chemicals & Materials Industry

Plastics, Polymers, and Elastomers

Adhesives and Sealants

Commodity Chemicals

Water and Wastewater Treatment

Advanced Materials

Construction Chemicals and Materials

Elastomers Market Analysis

The Elastomers Market is expected to register a CAGR of greater than 5% during the forecast period.

  • The market is expected to grow because the automotive industry needs more elastomers and the construction industry needs more elastomers to make things like adhesives, tubes, coatings, and other materials.
  • Biocompatibility worries about how elastomers are used in medicine are likely to slow the market's growth.
  • Opportunities are likely to come from putting more effort into making bio-based products and using them more in making medical instruments.
  • Asia-Pacific was the biggest market in the world, with countries like India, China, and others using the most.

Elastomers Industry Overview

The elastomers market is partially consolidated in nature. Some of the major players in the market include BASF SE, Dow, Covestro AG, Kuraray Co., Ltd., and Huntsman International LLC, among others (in no particular order).

Elastomers Market Leaders

  1. BASF SE

  2. Dow

  3. Convestro AG

  4. KURARAY CO., LTD.

  5. Huntsman International LLC

  6. *Disclaimer: Major Players sorted in no particular order
Elastomers Market Concentration
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Elastomers Market News

  • February 2023: Kuraray Co., Ltd. announced the completion of its new isoprene-related factory, which is expected to begin operations in stages soon. The new Thai factory is anticipated to help isoprene-related industries flourish by enhancing the global supply system and fulfilling rising global demand for 3-Methyl-1.5-Pentanediol (MPD), SEPTON hydrogenated styrenic block copolymers (HSBC), and GENESTAR heat-resistant polyamide-9T.
  • July 2022: Covestro broke ground in Shanghai on two new production plants. The company established new lines producing polyurethane dispersions and elastomers to meet surging demand.

Elastomers Market Report - Table of Contents

1. INTRODUCTION

  • 1.1 Study Assumptions
  • 1.2 Scope of the Study

2. RESEARCH METHODOLOGY

3. EXECUTIVE SUMMARY

4. MARKET DYNAMICS

  • 4.1 Drivers
    • 4.1.1 Rising Demand from the Automotive Industry
    • 4.1.2 Rising Demand from the Construction Industry
  • 4.2 Restraints
    • 4.2.1 Biocompatibility Concerns of Some Medical Elastomers
    • 4.2.2 Other Restraints
  • 4.3 Industry Value Chain Analysis
  • 4.4 Porter's Five Forces Analysis
    • 4.4.1 Bargaining Power of Suppliers
    • 4.4.2 Bargaining Power of Consumers
    • 4.4.3 Threat of New Entrants
    • 4.4.4 Threat of Substitute Products and Services
    • 4.4.5 Degree of Competition

5. MARKET SEGMENTATION (Market Size in Value)

  • 5.1 Product Type
    • 5.1.1 Thermoset Elastomers
    • 5.1.2 Thermoplastic Elastomers
  • 5.2 Application
    • 5.2.1 Automotive
    • 5.2.2 Sports
    • 5.2.3 Electronics
    • 5.2.4 Industrial
    • 5.2.5 Adhesives
    • 5.2.6 Other Applications
  • 5.3 Geography
    • 5.3.1 Asia-Pacific
    • 5.3.1.1 China
    • 5.3.1.2 India
    • 5.3.1.3 Japan
    • 5.3.1.4 South Korea
    • 5.3.1.5 Rest of Asia-Pacific
    • 5.3.2 North America
    • 5.3.2.1 United States
    • 5.3.2.2 Canada
    • 5.3.2.3 Mexico
    • 5.3.2.4 Rest of North America
    • 5.3.3 Europe
    • 5.3.3.1 Germany
    • 5.3.3.2 United Kingdom
    • 5.3.3.3 Italy
    • 5.3.3.4 France
    • 5.3.3.5 Rest of Europe
    • 5.3.4 South America
    • 5.3.4.1 Brazil
    • 5.3.4.2 Argentina
    • 5.3.4.3 Rest of South America
    • 5.3.5 Middle East & Africa
    • 5.3.5.1 Saudi Arabia
    • 5.3.5.2 South Africa
    • 5.3.5.3 Rest of Middle East & Africa

6. COMPETITIVE LANDSCAPE

  • 6.1 Mergers and Acquisitions, Joint Ventures, Collaborations, and Agreements
  • 6.2 Market Share (%)**/ Ranking Analysis
  • 6.3 Strategies Adopted by Leading Players
  • 6.4 Company Profiles
    • 6.4.1 Ace Elastomer
    • 6.4.2 Avient Corporation
    • 6.4.3 Arkema
    • 6.4.4 BASF SE
    • 6.4.5 Exxon Mobil Corporation
    • 6.4.6 Covestro AG
    • 6.4.7 DingZing Advanced Materials Inc.
    • 6.4.8 Dow
    • 6.4.9 HEXPOL AB
    • 6.4.10 Huntsman International LLC
    • 6.4.11 KURARAY CO., LTD.
    • 6.4.12 Miracll Chemicals Co., Ltd.
    • 6.4.13 Sirmax S.p.A
    • 6.4.14 Suzhou Austin Novel Materials Technology Co. Ltd.
    • 6.4.15 Trinseo
    • 6.4.16 The Lubrizol Corporation
  • *List Not Exhaustive

7. MARKET OPPORTUNITIES AND FUTURE TRENDS

  • 7.1 Shifting Focus toward the Development of Bio-based Products
  • 7.2 Increasing Application in Fabrication of Medical Instruments
**Subject to Availability
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Elastomers Industry Segmentation

The elastomer is a high-molar-mass polymeric material with elasticity characteristics, allowing it to regain its original shape after deformation. Thermoset elastomers are widely used in the production of tire rubbers, and thermoplastic elastomers are used in manufacturing sealants, hoses, and tubes by injection molding. The elastomers market is segmented by product type, application, and geography. By product type, the market is segmented into thermoset elastomers and thermoplastic elastomers. By application, the market is segmented into automotive, sports, electronics, industrial, adhesives, and other applications. The report also covers the market size and forecasts for the market in 15 countries across major regions. For each segment, market sizing and forecasts have been done based on revenue (USD million).

Product Type Thermoset Elastomers
Thermoplastic Elastomers
Application Automotive
Sports
Electronics
Industrial
Adhesives
Other Applications
Geography Asia-Pacific China
India
Japan
South Korea
Rest of Asia-Pacific
North America United States
Canada
Mexico
Rest of North America
Europe Germany
United Kingdom
Italy
France
Rest of Europe
South America Brazil
Argentina
Rest of South America
Middle East & Africa Saudi Arabia
South Africa
Rest of Middle East & Africa
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Elastomers Market Research FAQs

What is the current Elastomers Market size?

The Elastomers Market is projected to register a CAGR of greater than 5% during the forecast period (2025-2030)

Who are the key players in Elastomers Market?

BASF SE, Dow, Convestro AG, KURARAY CO., LTD. and Huntsman International LLC are the major companies operating in the Elastomers Market.

Which is the fastest growing region in Elastomers Market?

Asia-Pacific is estimated to grow at the highest CAGR over the forecast period (2025-2030).

Which region has the biggest share in Elastomers Market?

In 2025, the North America accounts for the largest market share in Elastomers Market.

What years does this Elastomers Market cover?

The report covers the Elastomers Market historical market size for years: 2019, 2020, 2021, 2022, 2023 and 2024. The report also forecasts the Elastomers Market size for years: 2025, 2026, 2027, 2028, 2029 and 2030.

Elastomers Industry Report

Statistics for the 2025 Elastomers market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Elastomers analysis includes a market forecast outlook for 2025 to 2030 and historical overview. Get a sample of this industry analysis as a free report PDF download.