Dec 20, 2017   SOURCE: BusinessWire

Global Automotive Elastomers Market Forecast to 2022 - Development of Eco-Friendly Automotive Elastomers - Research and Markets

The "Automotive Elastomers Market by Type (Natural Rubber, SBR, Nitrile Elastomer, EPDM, Silicone Rubber, Fluoroelastomer, Styrene Block Copolymers, TPU, TPO, TPV, TPC), Application (Tire and Non-Tire), and Region - Global Forecast to 2022" report has been added to Research and Markets' offering.

The global automotive elastomers market is projected to reach USD 58.82 billion by 2022, at a CAGR of 5.0% from 2017 to 2022.

The rapid growth of the automotive and transportation industry, coupled with the increasing demand for high efficiency vehicles, is the key factor driving the demand for automotive elastomers.

Moreover, stringent emission regulations and the superior properties of automotive elastomers over traditional rubber, such as heat resistance, weathering and ozone resistance, flexibility, durability, aging resistance, variety, chemical resistance, and oil & gas resistance, are driving the demand for automotive elastomers.

However, the high manufacturing cost of high temperature elastomers is the key challenge faced by manufacturers of automotive elastomers.

Drivers

  • Growing Automotive Industry in APAC
  • Increasing Demand for High-Performance and Lightweight Materials in the Automotive Industry
  • Stringent Emission Regulations

Restraints

  • High Cost Involved in Processing of High-Temperature Elastomers

Opportunities

  • Development of New Grades of Automotive Elastomers
  • Development of Eco-Friendly Automotive Elastomers

Challenges

  • Fluctuating Raw Material Prices

The automotive industry and total vehicle production automotive industry is very high in the Asia Pacific region due to the availability of raw materials and efficient labor, along with the high demand for passenger cars, as the population and standard of living is growing rapidly in this region.

As a result, the demand for automotive elastomers is expected to grow in this region. In addition, China and Japan, are significant manufacturers of automobiles and automotive parts in the world, which is leading to a high demand for automotive elastomers.

Key Topics Covered:

1 Introduction

2 Research Methodology

3 Executive Summary

4 Premium Insights

5 Market Overview

6 Automotive Elastomers Market, By Type

7 Automotive Elastomers Market, By Application

8 Automotive Elastomers Market, By Region

9 Competitive Landscape

10 Company Profiles

  • Arlanxeo
  • BASF
  • Covestro
  • DOW
  • DSM
  • Daikin
  • Dupont
  • Exxonmobil
  • JSR Corporation
  • Kraiburg TEP GmbH & Co. Kg
  • Kraton
  • Kuraray
  • LG Chem
  • Mitsubishi Chemicals
  • Mitsui Chemicals
  • Nizhnekamskneftekhim Pjsc
  • Sabic
  • Shin-Etsu
  • Solvay
  • Sumitomo
  • TSRC Corporation
  • Teknor Apex
  • Versalis
  • Wacker Chemie
  • Zeon Corporation

For more information about this report visit https://www.researchandmarkets.com/research/zj3b8k/global_automotive?w=4