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2020 Future of Global Elastomer Market, Size, Share and Trend Analysis Report to 2026

The Elastomer market size is set to grow at a CAGR of 4.37% between 2020 and 2026 driven by prominent market players, demand for lightweight vehicles, and trending antimicrobial applications.<br><br>Strong demand of elastomer in response to the high sales of consumer goods thrust the elastomer market value. In consumer goods industry, the elastomers is used in closures, toys, food containers, kitchenware, lids, sporting goods, handles, cosmetic packaging, furniture, household goods, and others. Elastomer demand is mainly driven by excellent temperature resistance, easy processing, boundless design freedom, and other advantages.<br><br>About 40% of all elastomer products, consumed worldwide are used in automobile manufacturing. Consequently, the development of automotive and transport industries will play a curtail role in the elastomer market growth and value.<br><br>Request Free Sample @ https://www.oganalysis.com/sample/212156<br><br>High-performance thermoplastic elastomers provide an advantage of design and comparable strength of steel to the manufacturers, which assist them in reducing weight and controlling the emission of greenhouse gases.<br><br>Despite advantages, high costs of elastomers over conventional materials hamper the production of the high volume of materials that are required at a low cost. The high production and maintenance cost is one of the key challenges in the elastomers market.<br><br>Browse Elastomer Market Research Report @ https://www.oganalysis.com/industry-reports/212156/elastomer-market<br><br><br>Easy adaptability of Thermoplastic Elastomer is set to boost the market growth across developed economies during the forecast<br><br>Accordingly, thermoplastic elastomers demand in North America and Western Europe is projected to attain substantial growth. The companies are also launching new products that contribute to the market penetration. For instance, in 2019, Audia Elastomers launched a new line of thermoplastic elastomers made from marine waste plastics.<br><br>Key Elastomer market players include The Dow Chemical Company, E. I. du Pont de Nemours and Com, JSR Corporation, Lanxess AG, Covestro AG, Teknor Apex, Zeon Corporation, Kuraray Co., Ltd., Huntsman International LLC, and Arkema Inc.<br><br>Request for Special Discount on Elastomer Market report @ https://www.oganalysis.com/discount/212156<br><br>Other types of elastomers are also being introduced in the American and European markets. In 2019, Dow introduced new liquid silicone rubber 3D printing materials. The company enables high process efficiency and greater design freedom with its latest introduction to the North American elastomer market. In addition, West Pharmaceutical Services, Inc. announced two innovative product offerings in the elastomer space at the 2019 CPhI conference in Germany.<br><br>Automotive remains as the dominant segment in the global elastomer market application through 2026<br><br>Escalating demand for different types of elastomers from the automotive industry is the main driving factor for global elastomers market. As a lightweight material, the elastomer reduces vehicle weight, which in turn leads to the fuel efficiency of vehicle. There is an upsurging demand of elastomer in the automotive industry to replace traditional metal.<br><br>Driven by increased use of elastomers in the automotive industry, growing automotive production in developing countries such as Mexico, India, China, Thailand, and Indonesia, the market is set to perform well across these countries. Availability of cheap labor and other resources in the region is augmenting the growth of automotive manufacturing.<br><br>The region is witnessing heavy investments from major automotive companies, such as Nissan Motor Company Ltd., Ford Motor Company, BMW AG, Fiat Automobiles S.p.A, Mazda Motor Corporation, and Jaguar Cars Ltd., which will promote the product demand.<br><br>Overall, the market for thermoplastic elastomers is anticipated to witness a significant growth rate in near future. The region will remain the largest market for TPEs.<br><br>China takes over the elastomer market share and is observed to grow at a healthy CAGR during the forecast period<br><br>In Asia Pacific, China is the major market regarding the consumption of elastomers in the automotive, construction, electrical & electronics and footwear industries. Up surged Public-Private Partnership (PPP) initiatives have further led to the growth of Chinese construction industry.<br><br>China is a leading consumer of TPEs in volume terms and it continues to see robust growth in demand during the estimation period. Regional market will also benefit from strong expansion in Southeast Asia and India, while growth in the Japanese market will remain moderate.<br><br>Emergence of key end-users entices the elastomer market growth in terms of value and volume during the market forecast<br><br>Apart from lucrative demand for high-performance plastics in automotive industry, across the medical industry, the demand for elastomer is rising mainly due to its unique and antimicrobial properties including fungus resistance, easy sterilization, and others.<br><br>Accordingly, elastomer is used in a diverse range of applications in the medical industry such as gas supply, drug patches, drug delivery, chest drainage, peristaltic pump catheters, and other applications. Moreover, Elastomers are highly preferred by the medical OEMs for their recycling ability and cost-effectiveness over conventionally used materials such as latex, silicone, and PVC.<br><br>Related Reports<br>Elastomeric Coatings Market<br><br>OGAnalysis-Market Intelligence Platform<br>Global Oil and gas industry annual subscription from OG ANALYSIS provides access to 11 databases including Exploration, Production, Refinery, LNG, Oil and Chemicals Storage, Pipelines, Market Intelligence, CAPEX, Tankers, small LNG and Trade.<br><br>About OG Analysis:<br>OG Analysis has been a trusted research partner for 10 years delivering most reliable analysis, information and innovative solutions. OG Analysis is one of the leading players in market research industry serving 980 companies across multiple industry verticals. Our core client centric approach comprehends client requirements and provides actionable insights that enable users to take informed decisions.<br><br>Contact Us:<br>Anil Kumar<br>Phone: 91-7337 01 3757<br>Email: sales@oganalysis.com<br>Website: https://www.oganalysis.com<br>Follow Us on LinkedIn: https://www.linkedin.com/company/og-analysis/<br>Anil Kumar<br>OG Analysis<br> 91 73370 13757<br>email us here

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2020 Future of Global Elastomer Market, Size, Share and Trend Analysis Report to 2026

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  1. 7/30/2020 At 4.73% CAGR, the Elastomer Market is forecast to reach strong market growth through 2026 (/) At 4.73% CAGR, the Elastomer Market is forecast to reach strong market growth through 2026 NEWS PROVIDED BY OG Analysis (http://www.einpresswire.com/newsroom/oganalysis.com/) December 04, 2019, 14:30 GMT CLE acebook.com/sharer.php?u=https%3A%2F%2Fwww.einpresswire.com%2Farticle%2F503955751%2Fat-4- mer-market-is-forecast-to-reach-strong-market-growth-through- 5+CAGR%2C+the+Elastomer+Market+is+forecast+to+reach+strong+market+growth+through+2026+) r.com/intent/retweet?tweet_id=1202233659476107264) ps%3A%2F%2Fwww.einpresswire.com%2Farticle%2F503955751%2Fat-4-73-cagr-the-elastomer-market- h-strong-market-growth-through- 3%25+CAGR%2C+the+Elastomer+Market+is+forecast+to+reach+strong+market+growth+through+2026+) (http://www.linkedin.com/shareArticle? /503955751/at-4-73-cagr-the-elastomer-market-is-forecast-to-reach-strong-market-growth-through- /0e190a550a8c4c8c4b93-fcd009c875a5577fd4fe2f5b7e3bf4eb.ssl.cf2.rackcdn.com/EINPresswire- cagr-the-elastomer-market-is-forecast-to-reach-strong-market-growth-through-2026-2.pdf) https://www.einpresswire.com/article/503955751/at-4-73-cagr-the-elastomer-market-is-forecast-to-reach-strong-market-growth-through-2026 1/8

  2. 7/30/2020 At 4.73% CAGR, the Elastomer Market is forecast to reach strong market growth through 2026 (/) (https://img.einpresswire.com/large/102283/elastomer-market-size- forecast.png#493x269) Elastomer Market size forecast during 2020-2026 2020 Future of Global Elastomer Market, Size, Share and Trend Analysis Report to 2026- Growth Opportunities, Competition, Forecasts and industry Outlook SOUTHLAKE, TX, UNITED STATES, December 4, 2019 /EINPresswire.com (http://www.einpresswire.com)/ -- The Elastomer market (https://www.oganalysis.com/industry-reports/212156/elastomer-market) size is set to grow at a CAGR of 4.37% between 2020 and 2026 driven by prominent market players, demand for lightweight vehicles, and trending antimicrobial applications. Strong demand of elastomer in response to the high sales of consumer goods thrust the elastomer market value. In consumer goods industry, the elastomers is used in closures, toys, food containers, kitchenware, lids, sporting goods, handles, cosmetic packaging, furniture, household goods, and others. Elastomer demand is mainly driven by excellent temperature resistance, easy processing, boundless design freedom, and other advantages. About 40% of all elastomer products, consumed worldwide are used in automobile manufacturing. Consequently, the development of automotive and transport industries will play a curtail role in the elastomer market growth and value. Request Free Sample @ https://www.oganalysis.com/sample/212156 (https://www.oganalysis.com/sample/212156) https://www.einpresswire.com/article/503955751/at-4-73-cagr-the-elastomer-market-is-forecast-to-reach-strong-market-growth-through-2026 2/8

  3. 7/30/2020 At 4.73% CAGR, the Elastomer Market is forecast to reach strong market growth through 2026 High-performance thermoplastic elastomers provide an advantage of design and (/) comparable strength of steel to the manufacturers, which assist them in reducing weight and controlling the emission of greenhouse gases. Despite advantages, high costs of elastomers over conventional materials hamper the production of the high volume of materials that are required at a low cost. The high production and maintenance cost is one of the key challenges in the elastomers market. Browse Elastomer Market Research Report @ https://www.oganalysis.com/industry- reports/212156/elastomer-market (https://www.oganalysis.com/industry- reports/212156/elastomer-market) Easy adaptability of Thermoplastic Elastomer is set to boost the market growth across developed economies during the forecast Accordingly, thermoplastic elastomers demand in North America and Western Europe is projected to attain substantial growth. The companies are also launching new products that contribute to the market penetration. For instance, in 2019, Audia Elastomers launched a new line of thermoplastic elastomers made from marine waste plastics. Key Elastomer market players include The Dow Chemical Company, E. I. du Pont de Nemours and Com, JSR Corporation, Lanxess AG, Covestro AG, Teknor Apex, Zeon Corporation, Kuraray Co., Ltd., Huntsman International LLC, and Arkema Inc. Request for Special Discount on Elastomer Market report @ https://www.oganalysis.com/discount/212156 (https://www.oganalysis.com/discount/212156) Other types of elastomers are also being introduced in the American and European markets. In 2019, Dow introduced new liquid silicone rubber 3D printing materials. The company enables high process ef?ciency and greater design freedom with its latest introduction to the North American elastomer market. In addition, West Pharmaceutical Services, Inc. announced two innovative product offerings in the elastomer space at the https://www.einpresswire.com/article/503955751/at-4-73-cagr-the-elastomer-market-is-forecast-to-reach-strong-market-growth-through-2026 3/8

  4. 7/30/2020 At 4.73% CAGR, the Elastomer Market is forecast to reach strong market growth through 2026 2019 CPhI conference in Germany. (/) Automotive remains as the dominant segment in the global elastomer market application through 2026 Escalating demand for different types of elastomers from the automotive industry is the main driving factor for global elastomers market. As a lightweight material, the elastomer reduces vehicle weight, which in turn leads to the fuel ef?ciency of vehicle. There is an upsurging demand of elastomer in the automotive industry to replace traditional metal. Driven by increased use of elastomers in the automotive industry, growing automotive production in developing countries such as Mexico, India, China, Thailand, and Indonesia, the market is set to perform well across these countries. Availability of cheap labor and other resources in the region is augmenting the growth of automotive manufacturing. The region is witnessing heavy investments from major automotive companies, such as Nissan Motor Company Ltd., Ford Motor Company, BMW AG, Fiat Automobiles S.p.A, Mazda Motor Corporation, and Jaguar Cars Ltd., which will promote the product demand. Overall, the market for thermoplastic elastomers is anticipated to witness a signi?cant growth rate in near future. The region will remain the largest market for TPEs. China takes over the elastomer market share and is observed to grow at a healthy CAGR during the forecast period In Asia Paci?c, China is the major market regarding the consumption of elastomers in the automotive, construction, electrical & electronics and footwear industries. Up surged Public-Private Partnership (PPP) initiatives have further led to the growth of Chinese construction industry. China is a leading consumer of TPEs in volume terms and it continues to see robust growth in demand during the estimation period. Regional market will also bene?t from https://www.einpresswire.com/article/503955751/at-4-73-cagr-the-elastomer-market-is-forecast-to-reach-strong-market-growth-through-2026 4/8

  5. 7/30/2020 At 4.73% CAGR, the Elastomer Market is forecast to reach strong market growth through 2026 strong expansion in Southeast Asia and India, while growth in the Japanese market will remain moderate. (/) Emergence of key end-users entices the elastomer market growth in terms of value and volume during the market forecast Apart from lucrative demand for high-performance plastics in automotive industry, across the medical industry, the demand for elastomer is rising mainly due to its unique and antimicrobial properties including fungus resistance, easy sterilization, and others. Accordingly, elastomer is used in a diverse range of applications in the medical industry such as gas supply, drug patches, drug delivery, chest drainage, peristaltic pump catheters, and other applications. Moreover, Elastomers are highly preferred by the medical OEMs for their recycling ability and cost-effectiveness over conventionally used materials such as latex, silicone, and PVC. Related Reports Elastomeric Coatings Market (https://www.oganalysis.com/industry- reports/217774/elastomeric-coatings-market) OGAnalysis-Market Intelligence Platform (https://www.oganalysis.com/industry- reports/216535/global-oil-and-gas-database-subscription-services) Global Oil and gas industry annual subscription from OG ANALYSIS provides access to 11 databases including Exploration, Production, Re?nery, LNG, Oil and Chemicals Storage, Pipelines, Market Intelligence, CAPEX, Tankers, small LNG and Trade. About OG Analysis: OG Analysis has been a trusted research partner for 10+ years delivering most reliable analysis, information and innovative solutions. OG Analysis is one of the leading players in market research industry serving 980+ companies across multiple industry verticals. Our core client centric approach comprehends client requirements and provides actionable insights that enable users to take informed decisions. Contact Us: Anil Kumar https://www.einpresswire.com/article/503955751/at-4-73-cagr-the-elastomer-market-is-forecast-to-reach-strong-market-growth-through-2026 5/8

  6. 7/30/2020 At 4.73% CAGR, the Elastomer Market is forecast to reach strong market growth through 2026 Phone: +91-7337 01 3757 Email: sales@oganalysis.com (/) Website: https://www.oganalysis.com (https://www.oganalysis.com) Follow Us on LinkedIn: https://www.linkedin.com/company/og-analysis/ (https://www.linkedin.com/company/og-analysis/) Anil Kumar OG Analysis +91 73370 13757 email us here (http://www.einpresswire.com/contact_author/503955751) You just read: At 4.73% CAGR, the Elastomer Market is forecast to reach strong market growth through 2026 NEWS PROVIDED BY OG Analysis (http://www.einpresswire.com/newsroom/oganalysis.com/) December 04, 2019, 14:30 GMT ebook.com/sharer.php?u=https%3A%2F%2Fwww.einpresswire.com%2Farticle%2F503955751%2Fat-4- er-market-is-forecast-to-reach-strong-market-growth-through- CAGR%2C+the+Elastomer+Market+is+forecast+to+reach+strong+market+growth+through+2026+) om/intent/retweet?tweet_id=1202233659476107264) %3A%2F%2Fwww.einpresswire.com%2Farticle%2F503955751%2Fat-4-73-cagr-the-elastomer-market- trong-market-growth-through- 25+CAGR%2C+the+Elastomer+Market+is+forecast+to+reach+strong+market+growth+through+2026+) (http://www.linkedin.com/shareArticle? 3955751/at-4-73-cagr-the-elastomer-market-is-forecast-to-reach-strong-market-growth-through- 190a550a8c4c8c4b93-fcd009c875a5577fd4fe2f5b7e3bf4eb.ssl.cf2.rackcdn.com/EINPresswire- gr-the-elastomer-market-is-forecast-to-reach-strong-market-growth-through-2026-2.pdf) https://www.einpresswire.com/article/503955751/at-4-73-cagr-the-elastomer-market-is-forecast-to-reach-strong-market-growth-through-2026 6/8

  7. 7/30/2020 At 4.73% CAGR, the Elastomer Market is forecast to reach strong market growth through 2026 https://www.einpresswire.com/article/503955751/at-4-73-cagr-the-elastomer-market-is-forecast (/) Distribution channels: Automotive Industry (/channel/automotive), Building & Construction Industry (/channel/building-construction), Chemical Industry (/channel/chemicals), Electronics Industry (/channel/electronics), Healthcare & Pharmaceuticals Industry (/channel/healthcare- pharmaceuticals) EIN Presswire's priority is source transparency. We do not allow opaque clients, and our editors try to be careful about weeding out false and misleading content. As a user, if you see something we have missed, please do bring it to our attention. Your help is welcome. EIN Presswire, Everyone's Internet News Presswire™, tries to de?ne some of the boundaries that are reasonable in today's world. Please see our Editorial Guidelines (/editorial-guidelines) for more information. Contact Company/Organization Anil Kumar OG Analysis +91 73370 13757 email us here (/contact-author/503955751) OG Analysis Lakshmi Sai Damam, Hi-Tech City Hyderabad, 500081 India +91 73370 13757 Visit Website (https://www.oganalysis.com) Visit Newsroom (http://www.einpresswire.com/newsroom/oganalysis.com About OG Analysis has been a trusted research partner for 10+ years delivering most reliable analysis, information and innovative solutions. OG Analysis is one of the leading players in market research industry serving 980+ companies across multiple industry verticals. Our core client centric approach comprehends client requirements and provides actionable insights that enable users to take informed decisions. Contact Us: Anil Kumar Phone: +91-7337 01 3757 Email: sales@oganalysis.com () https://www.einpresswire.com/article/503955751/at-4-73-cagr-the-elastomer-market-is-forecast-to-reach-strong-market-growth-through-2026 7/8

  8. 7/30/2020 At 4.73% CAGR, the Elastomer Market is forecast to reach strong market growth through 2026 (/) More From This Author Intravenous Immunoglobulin (IVIG) Market to grow with a CAGR of 7.2% over the forecast period 2020-2026 (/article/515187388/intravenous-immunoglobulin-ivig-market-to-grow-with-a-cagr-of- 7-2-over-the-forecast-period-2020-2026) Biologics Market to emerge with a robust growth of 10.4% CAGR over 2020-2026 (/article/515097733/biologics-market-to-emerge-with-a-robust-growth-of-10-4-cagr-over-2020- 2026) Animal Health Market to grow with a CAGR of 5.87% during the estimated time period 2020-2026 (/article/515097233/animal-health-market-to-grow-with-a-cagr-of-5-87-during-the-estimated- time-period-2020-2026) View All Stories From This Author (http://www.einpresswire.com/newsroom/oganalysis.com/) PR Distribution Newswires Press Releases Resources Help/Support Contact User Agreement (/user-agreement) Privacy Policy (/privacy-policy) Copyright Policy (/copyright) © 1995-2020 IPD Group, Inc. dba EIN Presswire All Right Reserved. https://www.einpresswire.com/article/503955751/at-4-73-cagr-the-elastomer-market-is-forecast-to-reach-strong-market-growth-through-2026 8/8

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