Elastomers Market Share

ID: MRFR/CnM/6870-HCR

111 Pages

Chitranshi Jaiswal

October 2025

Elastomers Market Research Report By Type (Thermoset Elastomer (Synthetic Rubber, Styrene-butadiene Rubber, Isobutylene-isoprene, Nitrile rubber, Polybutadiene, Others), Natural Rubber, Thermoplastic Elastomer) and By End-Use (Automotive, Medical, Electronics, Textile, Others) – Forecast to 2035

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Market Share

Elastomers Market Share Analysis

The Elastomers Market, a key area of the polymers and rubber industry, puts in place a comprehensive range of marketing strategies with varying market share positioning schemes used to make the market competitive. One of the key tactics here can be differentiating products through innovation. Organizations that belong to the elastomers market spend enormous amount of resources on research and development in ensuring that the novel compositions with super-specialized elastomeric materials are brought to the market. What is more, the innovations might be the strengthening of tensile force, lengthened durability and higher tolerance to environmental conditions. These companies provide specialized and high- quality elastomers and as a result, they are recognized as key solution providers to the various industries including automotive, construction, where the specific properties of elastomers are significant.

Cost leadership is another element that makes it determinant within the market of the elastomers. Some companies work on improving their production chains, sourcing material responsibly, and seeking cost-effective way of doing things to increase consumer confidence. This measure is particularly applicable in sectors where cost considerations have a decisive impact on procurement behaviors, such as the manufacturing of the goods consumed by people and the equipment for industries. Through low-price yet quality and elastomers the businesses are able to lower the market share and they will become great suppliers to the market on low price.

Collaboration and strategic partnerships align to light up the way of influencing market share of elastomers. Companies tend to make deals with the main groups of interest, for instance, manufacturers, distributors, and consumers. Coordinated efforts in this regard help synchronize the supply chain and strengthen the reliability and availability of the distribution line. As a result of well-chosen partnerships, firms get entry into the brand-new markets and customers, and the brand recognition and market share develop.

The customer-centric issue is assuming a more profound role in the elastomers market. For success in this sector, one should be able to identify and answer the needs of the customers, which could be specific properties of elastomers, the application where they find use, or meeting the statutory regulations. This will lead to the company gaining market share. Manufacturers of elastomers highly depend on research and development to produce samples that are effective in fulfilling the needs of the growing industry and their customers. Quality customer service, technological support, fast delivery as well as strengthening the clients’ relationships, which further enables them to be patient and give a positive feedback, which eventually brings an increase of the market share.

Market Highlights

Author

Chitranshi Jaiswal

Research Analyst Level I

In her 3 years of experience in the market research field, she has handled critical cross-domain projects. She has an in-depth knowledge of market estimation & analysis, problem-solving, primary as well as secondary research, and team management.She holds an engineering degree and is an MBA professional from a well-known university, capable of evaluating the market and competitive conditions. An exceptional strategist with excellent communication skills and a passion for delivering cutting-edge & practical insights for the market. Proficient in multi-tasking, and can successfully deal with competing demands, while maintaining complete confidentiality. Generated business through active client and project development, networking, and high-quality responses. Her knowledge and skills have helped in making solid business decisions, securing funding from investors, and avoiding business failures.

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FAQs

What is the CAGR for Elastomer market?

Elastomer market can expand at 7.15% CAGR by 2035.

What is the valuation of the Elastomer market?

By 2035, the Elastomer market value can exceed USD 107.1 Billion.

Who are key players of the Elastomer market?

BASF SE (Germany)—Elastollan, Arkema S.A. (France)—Pebax, and Evonik Industries AG (Germany)—VESTAMID are some reputed names in the Elastomer market.

What is the Elastomer market driver?

The surge in need for geotextile can promote the Elastomer market.

What is the Elastomer market restrain?

presence of alternative solutions can restrain the Elastomer market.

1. Market Overview

2. Market Trends

3. Market Segment Insights

4. Key Players and Competitive Insights

5. Industry Developments

6. Market Segmentation

7. Report Scope

8. Market Highlights

9. FAQs

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Certified Researchers

Market Summary

The Global Elastomers Market is projected to grow from 127.1 USD Billion in 2024 to 271.8 USD Billion by 2035.

Key Market Trends & Highlights

Global Elastomers Key Trends and Highlights

The market is expected to experience a compound annual growth rate (CAGR) of 7.15 percent from 2025 to 2035. By 2035, the market valuation is anticipated to reach 271.8 USD Billion, indicating robust growth potential. In 2024, the market is valued at 127.1 USD Billion, reflecting a strong foundation for future expansion. Growing adoption of advanced elastomer technologies due to increasing demand for high-performance materials is a major market driver.

Market Size & Forecast

2024 Market Size	127.1 (USD Billion)
2035 Market Size	271.8 (USD Billion)
CAGR (2025-2035)	7.15%
Largest Regional Market Share in 2024	latin_america)

Major Players

BASF SE, Evonik Industries AG, Arkema S.A., The Dow Chemical Company, Kuraray Co., Ltd., Covestro AG, SABIC, LANXESS, Mitsui Chemicals, Inc, Exxon Mobil Corporation, DuPont de Nemours, West American Rubber Company, LLC, Solvay, TERVES INC, Teknor Apex

Market Trends

The Global Elastomers Market is poised for expansion, driven by increasing demand across various industries, particularly in automotive and construction, which suggests a robust growth trajectory in the coming years.

U.S. Department of Commerce

Elastomers Market Market Drivers

Market Driver Chart

This section contains a chart illustrating the key market drivers influencing the Global Global Elastomers Market Industry. The chart visually represents the impact of rising demand from the automotive sector, technological advancements in material science, growing applications in healthcare, and sustainability initiatives. Each driver is quantified to reflect its potential contribution to market growth, providing a comprehensive overview of the factors shaping the industry landscape.

Growing Applications in Healthcare

The Global Global Elastomers Market Industry is witnessing an expansion in applications within the healthcare sector. Elastomers are increasingly utilized in medical devices, drug delivery systems, and biocompatible materials due to their flexibility, durability, and safety. For example, silicone elastomers are commonly used in implants and prosthetics, while thermoplastic elastomers are favored for their ease of processing and sterilization. As the global population ages and healthcare needs evolve, the demand for innovative medical solutions is expected to rise. This trend underscores the potential for growth in the elastomers market, aligning with the projected CAGR of 7.15% from 2025 to 2035.

Rising Demand from Automotive Sector

The Global Global Elastomers Market Industry is experiencing a surge in demand driven by the automotive sector. As manufacturers increasingly prioritize lightweight materials to enhance fuel efficiency and reduce emissions, elastomers are becoming essential in vehicle production. For instance, elastomers are utilized in tires, seals, and gaskets, contributing to improved performance and durability. The automotive industry's shift towards electric vehicles further amplifies this trend, as these vehicles require advanced materials for battery casings and insulation. This growing demand is projected to significantly impact the market, with the industry expected to reach 127.1 USD Billion by 2024.

Technological Advancements in Material Science

Technological advancements in material science are propelling the Global Global Elastomers Market Industry forward. Innovations in polymer chemistry and processing techniques are enabling the development of high-performance elastomers with enhanced properties such as heat resistance, flexibility, and chemical stability. These advancements allow for the creation of specialized elastomers tailored for various applications, including medical devices, consumer goods, and industrial components. As industries seek to improve product performance and sustainability, the demand for these advanced elastomers is likely to increase. This trend suggests a robust growth trajectory for the market, potentially reaching 271.8 USD Billion by 2035.

Sustainability Initiatives and Eco-Friendly Materials

Sustainability initiatives are increasingly influencing the Global Global Elastomers Market Industry. As consumers and manufacturers alike prioritize eco-friendly materials, the demand for bio-based and recyclable elastomers is on the rise. Companies are investing in research and development to create sustainable alternatives that minimize environmental impact while maintaining performance standards. For instance, bio-based elastomers derived from renewable resources are gaining traction in various applications, including packaging and automotive components. This shift towards sustainability is likely to reshape market dynamics, as businesses adapt to meet regulatory requirements and consumer preferences, further driving growth in the elastomers sector.

Market Segment Insights

Regional Insights

Key Companies in the Elastomers Market market include

Industry Developments

March 2022: The researchers at Johns Hopkins examined the energy-absorbing properties of liquid crystal elastomers. The research team was able to increase strength while decreasing weight by using high-energy-absorbing liquid crystal elastomers (LCEs), which are typically used in actuators and robotics.
February 2022: Celanese has agreed to acquire the majority of DuPont's Mobility and Materials unit for USD 11 billion, combining two of the world's leading engineering polymer businesses. Celanese will also acquire DuPont's long-chain and performance nylons, as well as polybutylene and polyethylene terephthalates. The deal also includes DuPont's polyester and ethylene acrylic elastomers, as well as its Mylar and Melinex polyester films.

Future Outlook

Elastomers Market Future Outlook

The Global Elastomers Market is projected to grow at a 7.15% CAGR from 2024 to 2035, driven by increasing demand in automotive, healthcare, and consumer goods sectors.

New opportunities lie in:

Invest in bio-based elastomers to meet sustainability demands. Develop advanced elastomer composites for automotive applications. Leverage smart elastomer technologies for healthcare innovations.

By 2035, the Global Elastomers Market is expected to exhibit robust growth, reflecting evolving industry needs and technological advancements.

Market Segmentation

Report Scope

Report Attribute/Metric	Details
Market Size	2030: USD 107.1 Billion
CAGR	2030: 7.15%
Base Year	2021
Forecast Period	2022-2030
Historical Data	2019 & 2020
Forecast Units	Value (USD Billion)
Report Coverage	Revenue Forecast, Competitive Landscape, Growth Factors, and Trends
Segments Covered	Type, End-Use Industry and Region
Geographies Covered	North America, Europe, Asia-Pacific, and Rest of the World (RoW)
Key Vendors	BASF SE (Germany)—Elastollan, Evonik Industries AG (Germany)—VESTAMID, Arkema S.A. (France)—Pebax, The Dow Chemical Company (US)—Vamac, Kuraray Co., Ltd. (Japan)—SEPTON, Covestro AG (Germany)- Vulkollan, SABIC (Saudi Arabia)—SABIC, ARLANXEO (The Netherlands)—Buna, Mitsui Chemicals, Inc (Japan)—TAFMER, Exxon Mobil Corporation (US)—Exxpro, DuPont de Nemours (US)—Vamac, West American Rubber Company, LLC (US)—WARCO, Solvay (Belgium)—Tecnoflon, TERVES INC (US)—Elementum, Teknor Apex (US)—Sarlink
Key Market Opportunities	Shifting interest toward the development of eco-friendly elastomers. Increasing application of dielectric elastomers in the power generation sector
Key Market Drivers	High demand in the end-use industries, such as automotive, medical, textile, and electronics.

Market Highlights

Author

Chitranshi Jaiswal

Research Analyst Level I

She holds an experience of about 6+ years in market research and business consulting, working under the spectrum of information communication technology, telecommunications and semiconductor domains. aarti conceptualizes and implements a scalable business strategy and provides strategic leadership to the clients. her expertise lies in market estimation, competitive intelligence, pipeline analysis, customer assessment, etc.

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FAQs

What is the CAGR for Elastomer market?

Elastomer market can expand at 7.15% CAGR by 2035.

What is the valuation of the Elastomer market?

By 2035, the Elastomer market value can exceed USD 107.1 Billion.

Who are key players of the Elastomer market?

BASF SE (Germany)—Elastollan, Arkema S.A. (France)—Pebax, and Evonik Industries AG (Germany)—VESTAMID are some reputed names in the Elastomer market.

What is the Elastomer market driver?

The surge in need for geotextile can promote the Elastomer market.

What is the Elastomer market restrain?

presence of alternative solutions can restrain the Elastomer market.

Executive Summary
Market Introduction
1. Market Definition
2. Scope of the Study
  1. Research Objectives
  2. Assumptions & Limitations
3. Markets Structure
4. Key Takeaways
Market Research Methodology
1. Research Process
2. Primary Research
3. Secondary Research
4. Market Size Estimation
5. Forecast Model
Market Dynamics of Global Elastomers Market
1. Introduction
2. Drivers
3. Restraints
4. Opportunities
5. Challenges
6. Trends/Technology
Market Factor Analysis of Global Elastomers Market
1. Supply Chain Analysis
  1. Raw Material Suppliers
  2. Manufacturers/Producers
  3. Distributors/Retailers/Wholesalers/E-Commerce
  4. End User
2. Porter’s Five Forces Analysis
  1. Threat of New Entrants
  2. Bargaining Power of Buyers
  3. Bargaining Power of Suppliers
  4. Threat of Substitutes
  5. Intensity of Competitive Rivalry
3. Pricing Analysis
Global Elastomers Market, by Type
1. Introduction
2. Thermoset Elastomer
  1. Market Estimates & Forecast, 2020−2027
  2. Market Estimates & Forecast, by Region, 2020−2027
3. Thermoplastic Elastomer
  1. Market Estimates & Forecast, 2020−2027
  2. Market Estimates & Forecast, by Region, 2020−2027
Global Elastomers Market, by End-Use Industry
1. Introduction
2. Automotive
  1. Market Estimates & Forecast, 2020−2027
  2. Market Estimates & Forecast, by Region, 2020−2027
3. Medical
  1. Market Estimates & Forecast, 2020−2027
  2. Market Estimates & Forecast, by Region, 2020−2027
4. Electronics
  1. Market Estimates & Forecast, 2020−2027
  2. Market Estimates & Forecast, by Region, 2020−2027
5. Textile
  1. Market Estimates & Forecast, 2020−2027
  2. Market Estimates & Forecast, by Region, 2020−2027
6. Others
  1. Market Estimates & Forecast, 2020−2027
  2. Market Estimates & Forecast, by Region, 2020−2027
Global Elastomers Market, by Region
1. Introduction
2. North America
  1. Market Estimates & Forecast, 2020−2027
  2. Market Estimates & Forecast, by Type, 2020−2027
  3. Market Estimates & Forecast, by End-Use Industry, 2020−2027
  4. US
  5. Canada
3. Europe
  1. Market Estimates & Forecast, 2020−2027
  2. Market Estimates & Forecast, by Type, 2020−2027
  3. Market Estimates & Forecast, by End-Use Industry, 2020−2027
  4. Germany
  5. France
  6. Italy
  7. Spain
  8. UK
  9. Russia
  10. Poland
  11. Rest of Europe
4. Asia-Pacific
  1. Market Estimates & Forecast, 2020−2027
  2. Market Estimates & Forecast, by Type, 2020−2027
  3. Market Estimates & Forecast, by End-Use Industry, 2020−2027
  4. China
  5. India
  6. Japan
  7. Australia & New Zealand
  8. Rest of Asia-Pacific
5. Middle East & Africa
  1. Market Estimates & Forecast, 2020−2027
  2. Market Estimates & Forecast, by Type, 2020−2027
  3. Market Estimates & Forecast, by End-Use Industry, 2020−2027
  4. GCC
  5. Israel
  6. North Africa
  7. Turkey
  8. Rest of Middle East & Africa
6. Latin America
  1. Market Estimates & Forecast, 2020−2027
  2. Market Estimates & Forecast, by Type, 2020−2027
  3. Market Estimates & Forecast, by End-Use Industry, 2020−2027
  4. Brazil
  5. Argentina
  6. Mexico
  7. Rest of Latin America
Company Landscape
1. Introduction
2. Market Strategy
3. Key Development Analysis (Expansion/Merger & Acquisitions/Joint Venture/New Product Development/Agreement/Investment)
Company Profiles
1. BASF SE
  1. Company Overview
  2. Financial Updates
  3. Product/Business Segment Overview
  4. Strategy
  5. Key Developments
  6. SWOT Analysis
2. Evonik Industries AG
  1. Company Overview
  2. Financial Updates
  3. Product/Business Segment Overview
  4. Strategy
  5. Key Developments
  6. SWOT Analysis
3. Arkema S.A.
  1. Company Overview
  2. Financial Updates
  3. Product/Business Segment Overview
  4. Strategy
  5. Key Developments
  6. SWOT Analysis
4. The Dow Chemical Company
  1. Company Overview
  2. Financial Updates
  3. Product/Business Segment Overview
  4. Strategy
  5. Key Developments
  6. SWOT Analysis
5. Kuraray Co., Ltd.
  1. Company Overview
  2. Financial Updates
  3. Product/Business Segment Overview
  4. Strategy
  5. Key Developments
  6. SWOT Analysis
6. Covestro AG
  1. Company Overview
  2. Financial Updates
  3. Product/Business Segment Overview
  4. Strategy
  5. Key Developments
  6. SWOT Analysis
7. SABIC
  1. Company Overview
  2. Financial Updates
  3. Product/Business Segment Overview
  4. Strategy
  5. Key Developments
  6. SWOT Analysis
8. ARLANXEO
  1. Company Overview
  2. Financial Updates
  3. Product/Business Segment Overview
  4. Strategy
  5. Key Developments
  6. SWOT Analysis
9. Mitsui Chemicals, Inc
  1. Company Overview
  2. Financial Updates
  3. Product/Business Segment Overview
  4. Strategy
  5. Key Developments
  6. SWOT Analysis
10. Exxon Mobil Corporation
  1. Company Overview
  2. Financial Updates
  3. Product/Business Segment Overview
  4. Strategy
  5. Key Developments
  6. SWOT Analysis
11. DuPont de Nemours
  1. Company Overview
  2. Financial Updates
  3. Product/Business Segment Overview
  4. Strategy
  5. Key Developments
  6. SWOT Analysis
12. West American Rubber Company,LLC
  1. Company Overview
  2. Financial Updates
  3. Product/Business Segment Overview
  4. Strategy
  5. Key Developments
  6. SWOT Analysis
13. Solvay
  1. Company Overview
  2. Financial Updates
  3. Product/Business Segment Overview
  4. Strategy
  5. Key Developments
  6. SWOT Analysis
14. TERVES INC.
  1. Company Overview
  2. Financial Updates
  3. Product/Business Segment Overview
  4. Strategy
  5. Key Developments
  6. SWOT Analysis
15. Teknor Apex
  1. Company Overview
  2. Financial Updates
  3. Product/Business Segment Overview
  4. Strategy
  5. Key Developments
  6. SWOT Analysis
Conclusion
LIST OF TABLES
Global Elastomers Market: by Region, 2020−2027
North America: Elastomers Market, by Country, 2020−2027
Europe: Elastomers Market, by Country, 2020−2027
Asia-Pacific: Elastomers Market. by Country, 2020−2027
Middle East & Africa: Elastomers Market, by Country, 2020−2027
Latin America: Elastomers Market, by Country, 2020−2027
Global Elastomers Type Market, by Regions, 2020−2027
North America: Elastomers Type Market, by Country, 2020−2027
Europe: Elastomers Type Market, by Country, 2020−2027
Table10 Asia-Pacific: Elastomers Type Market, by Country, 2020−2027
Table11 Middle East & Africa: Elastomers Type Market, by Country, 2020−2027
Table12 Latin America: Elastomers Type Market, by Country, 2020−2027
Table13 Global Elastomers End-Use Industry Market, by Regions, 2020−2027
Table14 North America: Elastomers End-Use Industry Market, by Country, 2020−2027
Table15 Europe: Elastomers End-Use Industry Market, by Country, 2020−2027
Table16 Asia-Pacific: Elastomers End-Use Industry Market, by Country, 2020−2027
Table17 Middle East & Africa: Elastomers End-Use Industry Market, by Country, 2020−2027
Table18 Latin America: Elastomers by End-Use Industry Market, by Country, 2020-2027
Table19 Global Type Market, by Region, 2020−2027
Table20 Global End-Use Industry Market, by Region, 2020−2027
Table21 North America: Elastomers Market, by Country, 2020−2027
Table22 North America: Elastomers Market, by Type, 2020−2027
Table23 North America: Elastomers Market, by End-Use Industry, 2020−2027
Table24 Europe: Elastomers Market, by Country, 2020−2027
Table25 Europe: Elastomers Market, by Type, 2020−2027
Table26 Europe: Elastomers Market, by End-Use Industry, 2020−2027
Table27 Asia-Pacific: Elastomers Market, by Country, 2020−2027
Table28 Asia-Pacific: Elastomers Market, by Type, 2020−2027
Table29 Asia-Pacific: Elastomers Market, by End-Use Industry, 2020−2027
Table30 Middle East & Africa: Elastomers Market, by Country, 2020−2027
Table31 Middle East & Africa: Elastomers Market, by Type, 2020−2027
Table32 Middle East & Africa: Elastomers Market, by End-Use Industry, 2020−2027
Table33 Latin America: Elastomers Market, by Country, 2020−2027
Table34 Latin America: Elastomers Market, by Type, 2020−2027
Table35 Latin America: Elastomers Market, by End-Use Industry, 2020−2027
LIST OF FIGURES
Global Elastomers Market Segmentation
Forecast Research Methodology
Five Forces Analysis of Global Elastomers Market
Value Chain of Global Elastomers Market
Global Elastomers Market, 2020−2027, by Country, 2020
Share of Global Elastomers Market, by Type, 2020−2027
Global Elastomers Market Size, by Type, 2020
Share of Global Elastomers Market, by Type, 2020−2027
Global Elastomers Market Size, by End-Use Industry, 2020
FIGURE10 Share of Global Elastomers Market, by End-Use Industry, 2020−2027

Elastomers Market Segmentation

Market Segmentation Overview

Detailed segmentation data will be available in the full report
Comprehensive analysis by multiple parameters
Regional and country-level breakdowns
Market size forecasts by segment

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Elastomers Market Share

Elastomers Market Research Report By Type (Thermoset Elastomer (Synthetic Rubber, Styrene-butadiene Rubber, Isobutylene-isoprene, Nitrile rubber, Polybutadiene, Others), Natural Rubber, Thermoplastic Elastomer) and By End-Use (Automotive, Medical, Electronics, Textile, Others) – Forecast to 2035

Market Share