Elastomers Market Scope
The growing automotive industry worldwide will help to boost global Elastomers market in the forecasted period. A polymer with both viscous and elastic properties is known as an elastomer. Elastomer, any rubbery material composed of long chainlike molecules, or polymers, that are capable of recovering their original shape after being stretched to great extents. The elastomers is generally used in seals, moulded flexible parts and adhesives and used in vehicle manufacturing, food production, scientific applications and chemical processes.
The market study is being classified by Type (SBR (Styrene Block Copolymers), IIR (Butyl Elastomer), NBR (Nitrile Elastomer), ACM (Acrylic Elastomer), EPM (Ethylene-propylene Elastomer), PEBA (Thermoplastic polyether block amides), SBC (Styrene block copolymers), TPO (Thermoplastic Polyolefin), TPU (Thermoplastic Polyurethanes) and TPV (Thermoplastic Vulcanizates)), by Application (Medical, Adhesives, Automotive (Tire, Other Automotives), Consumer Goods (Foot Wear, Sporting Goods, Pet Toys, Personal Hygiene), Industrial (Wire & Cable), Consumer Electronics and Others (Photovoltaics, Mining, Building & Construction)) and major geographies with country level break-up.
Research Analyst at AMA predicts that European Vendors will contribute to the maximum growth of Global Elastomers market throughout the predicted period.
BASF SE (Germany), Dow Chemical Company (United States), JSR Corporation (Japan), Lanxess Aktiengesellschaft (Germany), Zeon Corporation (Japan), Kuraray Co. Ltd. (Japan), Covestro AG (Germany), Nizhnekamskneftekhim (NKNK) (Germany), Teknor Apex Company (United States) and Mitsui Chemicals (Japan) are some of the key players profiled in the study. Additionally, the Vendors which are also part of the research are Chemtura Corporation (United States), Akzonobel N.V. (Netherlands), Bayer AG (Germany), Exxon Mobil Corporation (United States) and LyondellBasell Industries N.V. (Netherlands).
AdvanceMarketAnalytics has segmented the market of Global Elastomers market by Type, Application and Region.
On the basis of geography, the market of Elastomers has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico).
On August 14, 2019, BASF, Solvay and Domo Chemicals signed an agreement on the acquisition of Solvay’s polyamide business. It will help companies further expand its position as a global supplier of engineering plastics, BASF signed an agreement with Solvay in September 2017 on the acquisition of Solvay’s integrated polyamide business. In January 2019, the EU Commission approved the acquisition subject to certain conditions, including the divestiture of Solvay’s polyamide 6.6 production facilities in Europe.
- Increasing Technological Advancements in Manufacturing Elastomers
- Escalating Demand for Elastomers with Variable Viscocity
- Rising Adoption of Elastomers due to Recycling Properties
- Upsurging Applications of Elastomers in Automotive Sector Due to Better Durability
- Growing Adoption of Elastomers in Medicinal Applications
- Increasing Awareness about Elastomers and their Stability
- Use of Lead Oxide in Manufacturing might cause Toxic Effects
- Elastomers Posses Unpleasant Rubbery Smell which might Stagnate the Demand for
- Several Manufacturing Mandates related to Elastomers
- Numerous Environmental Concerns Associated with Elastomers might Stagnate the Demand
Key Target AudienceElastomers Manufacturers, Elastomers Distributors and Suppliers, Research and Development Institutes, Upstream and Downstream Buyers, Government Agencies, Chemical Industry Associations and Others
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