Market Size of Europe, Middle-East and Africa (EMEA) Elastomers Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| CAGR | > 4.00 % |
| Fastest Growing Market | Middle East and Africa |
| Largest Market | Europe |
| Market Concentration | Low |
Major Players_Elastomers_Market.webp)
*Disclaimer: Major Players sorted in no particular order |
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EMEA Elastomers Market Analysis
The market for Europe, Middle-East and Africa (EMEA) elastomers market is expected to register a CAGR of over 4% during the forecast period. The major factors driving the market studied are the increasing demand from the automotive and HVAC industry. Various factors, like volatility in raw material prices and intra-elastomer segment replacements, are expected to hinder the growth of the market studied.
- Thermoplastics dominated the market. These elastomers possess various characteristic properties, including high heat resistance, high viscosity, cost-effective, low-temperature flexibility, oil resistant, halogen-free, structural integrity, chemical resistant, terpolymer, low toxicity, good moldability, and good strength.
- The increasing demand for bio-based thermoplastic elastomers is likely to act as an opportunity in the future.
- Europe dominated the market across the region with the largest consumption from countries, such as Germany and France.
