Automotive Elastomers Market Analysis

ID: MRFR/CnM/3557-CR

449 Pages

Anshula Mandaokar

October 2019

Automotive Elastomers Market Research Report Information By Type (Thermoset Elastomers (TSE), Natural Rubber, Styrene-Butadiene Rubber, Polybutadiene Rubber, Butyl Rubber, Ethylene Propylene Diene Monomer, Nitrile Butadiene Rubber, Silicone Rubber, Acrylic Rubber, Chlorinated elastomers and Fluoroelastomers), Thermoplastic Elastomers (Styrene Block Copolymer, Thermoplastic Olefins, Thermoplastic Vulcanizates, Thermoplastic Polyurethane) By Application, By Exterior, By Vehicle Type, and Region - Forecast till 2035

Automotive Elastomers Market Infographic

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Market Analysis

In-depth Analysis of Automotive Elastomers Market Industry Landscape

The dynamics of the Automotive Elastomers Market are shaped by various factors that influence its growth and evolution:

Demand from Automotive Industry: The primary driver of the Automotive Elastomers Market is the demand from the automotive industry. Elastomers are extensively used in vehicles for applications such as tires, seals, gaskets, hoses, and suspension systems. The demand for elastomers is closely tied to the production of automobiles, which fluctuates based on factors like consumer demand, economic conditions, and regulatory standards.

Technological Advancements: Advances in elastomer technology drive market dynamics by introducing innovative materials with enhanced properties such as durability, flexibility, and heat resistance. Manufacturers invest in research and development to create elastomers that meet the evolving requirements of the automotive industry, including improved fuel efficiency, reduced emissions, and enhanced safety features.

Regulatory Standards and Environmental Concerns: Regulatory standards related to vehicle emissions, fuel efficiency, and safety drive the demand for elastomers with specific performance characteristics. Automakers must comply with regulations such as CAFE standards and emissions regulations, leading to the adoption of elastomers that contribute to vehicle lightweighting, improved fuel economy, and reduced environmental impact.

Material Substitution Trends: Automotive manufacturers are increasingly substituting traditional materials like metal and rubber with elastomers to reduce vehicle weight, improve performance, and lower production costs. Elastomers offer advantages such as lighter weight, design flexibility, and reduced noise, vibration, and harshness (NVH), driving their adoption in various automotive applications.

Globalization and Market Expansion: The Automotive Elastomers Market is influenced by globalization trends as automakers expand their operations into emerging markets and form strategic partnerships with elastomer suppliers worldwide. Market expansion strategies enable companies to access new customers, leverage economies of scale, and adapt to regional preferences and regulations, influencing market dynamics.

Shift towards Electric Vehicles (EVs) and Autonomous Vehicles: The increasing adoption of electric vehicles (EVs) and autonomous vehicles presents opportunities and challenges for the Automotive Elastomers Market. EVs require elastomers with specific properties such as thermal stability, electrical insulation, and resistance to electrolytes, while autonomous vehicles demand elastomers that enhance sensor performance and vehicle safety.

Consumer Preferences and Trends: Changing consumer preferences, such as the demand for connected vehicles, customizable features, and enhanced comfort and convenience, drive the adoption of advanced elastomers in automotive interiors and exteriors. Automakers incorporate elastomers with soft-touch surfaces, antimicrobial properties, and UV resistance to meet consumer expectations and differentiate their products in the market.

Supply Chain Dynamics: The Automotive Elastomers Market is influenced by supply chain dynamics, including raw material availability, production capacity, logistics, and distribution networks. Disruptions in the supply chain, such as natural disasters, geopolitical tensions, or pandemics, can impact elastomer production and availability, leading to fluctuations in market dynamics and pricing.

Competitive Landscape and Market Positioning: Competition among elastomer manufacturers and suppliers drives market dynamics as companies vie for market share through product differentiation, pricing strategies, and branding initiatives. Market positioning strategies include offering customized solutions, expanding product portfolios, and establishing strong relationships with automotive OEMs to gain a competitive edge in the Automotive Elastomers Market.

Emerging Technologies and Materials: The emergence of new technologies and materials, such as bio-based elastomers, recycled elastomers, and smart materials, influences market dynamics by offering sustainable, innovative, and high-performance alternatives to traditional elastomers. Manufacturers invest in the development and commercialization of these materials to address environmental concerns, regulatory requirements, and customer preferences in the automotive industry.

Market Highlights

Author

Anshula Mandaokar

Team Lead - Research

Anshula Mandaokar holds an academic degree in Chemical Engineering and has been contributing to the field for more than 5 years. She has expertise in Market Research and Business Consulting and serves as a Team Lead for a reputed Market Research firm under the Chemicals and Materials domain spectrum. She has worked on multiple projects, generating explicit results in a quick turnaround time. Her understanding of data interpretation justifies her role as a leader.

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FAQs

What is the market size for the global automotive elastomers market?

The global automotive elastomers market size is presumed to reach a size of USD 46,463 million by 2025.

At what CAGR is the global automotive elastomers market expected to expand at?

The global automotive elastomers market is predicted to thrive at a CAGR of 5.32% over the period between 2019 and 2025.

What is the biggest driver of the global automotive elastomers market?

Massive demand for passenger and commercial vehicles is the biggest driver of the global automotive elastomers market.

What is the biggest challenge faced by the global automotive elastomers market?

Volatile prices of petroleum-derived raw materials is the biggest challenge faced by the global automotive elastomers market.

Who are the key players of the global automotive elastomers market?

Saudi Basic Industries Corporation, Kraiburg TEP GmbH & Co. Kg, Kuraray Co., Ltd, Mitsui Chemicals, Inc., BASF SE, Exxon Mobil Corp., LG Chem Ltd., Nizhnekamskneftekhim PJSC, Solvay, JSR Corporation, Versalis SpA, Teknor Apex Company, Inc., The Dow Chemical Company, ARLANXEO, Sumitomo Chemical Co., Ltd, and others are reputed players of the global automotive elastomers 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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Market Summary

As per MRFR analysis, the Automotive Elastomers Market Size was estimated at 11.86 USD Million in 2024. The Automotive Elastomers industry is projected to grow from 12.58 USD Million in 2025 to 22.65 USD Million by 2035, exhibiting a compound annual growth rate (CAGR) of 6.05 during the forecast period 2025 - 2035.

Key Market Trends & Highlights

The Automotive Elastomers Market is poised for substantial growth driven by sustainability and technological advancements.

The market is increasingly influenced by a strong focus on sustainability initiatives, shaping product development and consumer preferences.
North America remains the largest market, while Asia-Pacific is recognized as the fastest-growing region, reflecting diverse consumer demands.
Seals dominate the market as the largest segment, whereas hoses are emerging as the fastest-growing segment due to evolving automotive applications.
The growth of electric vehicles and rising automotive production are key drivers propelling the market forward.

Automotive Elastomers Market

CAGR

6.05%

Market Size & Forecast

2024 Market Size	11.86 (USD Million)
2035 Market Size	22.65 (USD Million)
CAGR (2025 - 2035)	6.05%
Largest Regional Market Share in 2024	North America

Major Players

BASF SE (DE), Dow Inc. (US), Kraton Corporation (US), Lanxess AG (DE), Mitsubishi Chemical Corporation (JP), SABIC (SA), Solvay S.A. (BE), Trelleborg AB (SE), Wacker Chemie AG (DE)

Market Trends

The Automotive Elastomers Market is currently experiencing a dynamic evolution, driven by a confluence of technological advancements and shifting consumer preferences. As the automotive industry increasingly prioritizes sustainability, the demand for eco-friendly materials is on the rise. This trend is reflected in the growing adoption of bio-based elastomers, which offer a more sustainable alternative to traditional petroleum-based products. Furthermore, the integration of advanced manufacturing techniques, such as 3D printing, is enhancing the production capabilities of elastomers, allowing for greater customization and efficiency in automotive applications. In addition to sustainability, the Automotive Elastomers Market is influenced by the ongoing development of electric vehicles (EVs). The unique requirements of EVs necessitate specialized elastomer formulations that can withstand higher temperatures and provide improved performance. This shift towards electrification is prompting manufacturers to innovate and adapt their product offerings to meet the evolving needs of the automotive sector. Overall, the Automotive Elastomers Market appears poised for substantial growth, as it aligns with broader trends in environmental responsibility and technological innovation.

Sustainability Focus

The Automotive Elastomers Market is increasingly oriented towards sustainable practices, with manufacturers exploring bio-based materials and recycling initiatives. This shift reflects a broader commitment to reducing environmental impact and meeting consumer demand for greener products.

Electric Vehicle Adaptation

As electric vehicles gain traction, the Automotive Elastomers Market is adapting to meet the specific requirements of EVs. This includes developing elastomers that can endure higher temperatures and provide enhanced performance, thereby supporting the transition to electrification.

Advanced Manufacturing Techniques

The integration of advanced manufacturing methods, such as 3D printing, is transforming the Automotive Elastomers Market. These techniques enable greater customization and efficiency, allowing manufacturers to respond more effectively to the diverse needs of the automotive industry.

Automotive Elastomers Market Market Drivers

Market Stability

The Global Automotive Elastomers Market Industry exhibits a unique stability characterized by a projected compound annual growth rate (CAGR) of 0.0% from 2025 to 2035. This stability suggests a mature market where demand remains consistent, driven by ongoing automotive production and the need for replacement parts. Despite fluctuations in the broader economy, the automotive sector's reliance on elastomers for various applications ensures a steady market presence. This stability may attract investment and innovation, as companies seek to maintain their competitive edge in a market that is not expected to experience significant growth or decline.

Regulatory Compliance

Regulatory compliance is a pivotal factor influencing the Global Automotive Elastomers Market Industry. Governments worldwide are implementing stringent regulations regarding vehicle emissions and safety standards, compelling manufacturers to adopt advanced materials that meet these requirements. Elastomers are increasingly utilized in components that contribute to noise reduction, vibration damping, and overall vehicle safety. Compliance with these regulations not only enhances vehicle performance but also ensures market competitiveness. As regulatory frameworks continue to evolve, the demand for compliant elastomer solutions is expected to grow, thereby impacting market dynamics.

Sustainability Initiatives

The Global Automotive Elastomers Market Industry is increasingly influenced by sustainability initiatives aimed at reducing environmental impact. Manufacturers are focusing on developing eco-friendly elastomers that are recyclable and derived from renewable resources. This shift not only meets regulatory requirements but also aligns with consumer preferences for sustainable products. For instance, companies are investing in bio-based elastomers, which can significantly lower carbon footprints. As the automotive sector moves towards greener technologies, the demand for sustainable elastomers is expected to rise, potentially driving market growth in the coming years.

Technological Advancements

Technological advancements play a crucial role in shaping the Global Automotive Elastomers Market Industry. Innovations in polymer chemistry and processing techniques are leading to the development of advanced elastomers with enhanced properties such as improved durability, heat resistance, and flexibility. These advancements enable manufacturers to produce components that meet the stringent performance requirements of modern vehicles. For example, the introduction of thermoplastic elastomers has revolutionized the production of automotive parts, allowing for lighter and more efficient designs. As technology continues to evolve, it is likely to further propel the market forward.

Growing Electric Vehicle Adoption

The rise of electric vehicles (EVs) is a significant driver for the Global Automotive Elastomers Market Industry. As the automotive landscape shifts towards electrification, the demand for lightweight and high-performance materials becomes paramount. Elastomers are essential in various EV components, including battery casings and seals, due to their excellent insulating properties. The market is projected to maintain a steady valuation of 45 USD Billion in 2024, with the same expected in 2035, indicating a stable demand driven by the ongoing transition to electric mobility. This trend suggests that elastomers will play a vital role in the future of automotive design.

Market Segment Insights

By Application: Seals (Largest) vs. Hoses (Fastest-Growing)

The Automotive Elastomers Market showcases a varied distribution among its application segments, with seals holding the largest market share. Following seals, gaskets, hoses, interior components, and exterior components exhibit differing levels of market presence. Gaskets and hoses are significant players, with their contributions being crucial to the overall market dynamics. Interior and exterior components are gradually expanding their shares, highlighting the diverse utility of elastomers in automotive applications.

Seals (Dominant) vs. Hoses (Emerging)

Seals represent the dominant segment within the Automotive Elastomers Market, primarily due to their critical role in preventing fluid leaks and ensuring proper function in various automotive systems. Their long-lasting performance and durability make them indispensable for vehicle assembly. In contrast, hoses are marked as an emerging segment, witnessing rapid adoption due to advancements in materials and manufacturing techniques. These hoses offer improved flexibility and resistance to high temperatures and pressures, catering to the demands of modern automotive designs. As vehicle performance requirements evolve, hoses are increasingly recognized for their integral role in fluid transfer and system efficiency.

By End Use: Passenger Vehicles (Largest) vs. Electric Vehicles (Fastest-Growing)

In the Automotive Elastomers Market, the end use segment is primarily dominated by the passenger vehicles category, which captures the largest share thanks to the increasing global demand for personal mobility. This segment benefits from the rising production of light vehicles, as manufacturers consistently seek materials that enhance performance and safety. Conversely, the electric vehicles segment is experiencing rapid growth, driven by the push for sustainable transportation solutions and the modernization of automotive technologies. The rapid growth of electric vehicles is fueled by advancements in battery technology and government incentives promoting eco-friendly vehicles. Additionally, increasing consumer awareness regarding environmental impact has driven demand for elastomers that contribute to energy efficiency and lower emissions. The commercial vehicles and two-wheelers segments are critical, but they are overshadowed by the explosive rise of electric vehicles and the stronghold of passenger cars in the market.

Passenger Vehicles (Dominant) vs. Electric Vehicles (Emerging)

Passenger vehicles remain the dominant force in the automotive elastomers market, characterized by their extensive usage of materials that provide durability, comfort, and safety. These vehicles benefit from a wide range of elastomers used in applications such as seals, gaskets, and interior components, all aimed at enhancing user experience. This segment is aligned with consumer trends focusing on luxury and performance. On the other hand, electric vehicles represent an emerging segment within the automotive elastomers market. They are gaining traction due to ongoing shifts towards sustainability and energy efficiency. elastomers utilized in electric vehicles are specifically designed to meet the unique requirements of these vehicles, including lightweight materials that contribute to battery efficiency and optimized thermal properties to withstand higher operating temperatures.

By Material Type: Thermoplastic Elastomers (Largest) vs. Silicone Elastomers (Fastest-Growing)

The Automotive Elastomers Market is significantly influenced by the material types used in production, with Thermoplastic Elastomers holding the largest market share due to their versatility and ease of processing. This segment has garnered substantial attention from automotive manufacturers, as these materials offer excellent elasticity and resilience, making them ideal for various applications such as seals, gaskets, and body panels. In contrast, Silicone Elastomers are rapidly gaining market traction as the fastest-growing segment, driven by their superior temperature resistance and longevity, which are increasingly required in advanced automotive technologies.

Thermoplastic Elastomers (Dominant) vs. Silicone Elastomers (Emerging)

Thermoplastic Elastomers (TPEs) are known for their remarkable blend of rubber-like elasticity and thermoplastic processing characteristics, positioning them as a dominant force in the automotive sector. They are typically utilized in areas requiring flexibility, durability, and lightweight properties, enabling manufacturers to innovate with designs that enhance fuel efficiency and performance. On the other hand, Silicone Elastomers are emerging in this market segment due to their high resistance to extreme temperatures, weathering, and chemical exposure. Their unique properties cater to specific applications such as components in electric vehicles and automotive electronics, thereby carving out a significant niche as the industry evolves towards more advanced and sustainable automotive solutions.

By Processing Technique: Injection Molding (Largest) vs. Extrusion (Fastest-Growing)

In the Automotive Elastomers Market, Injection Molding holds the largest market share due to its versatility and efficiency in producing complex geometries. This technique is prevalent for manufacturing components like seals, gaskets, and various interior parts, allowing for intricate designs and minimal waste during production. Extrusion, on the other hand, is gaining traction and is recognized as the fastest-growing technique, primarily used for creating continuous profiles, hoses, and tubing essentials in automotive applications.

Injection Molding: Dominant vs. Extrusion: Emerging

Injection Molding is considered the dominant processing technique in the automotive elastomers market due to its ability to produce high-quality parts with exact specifications and low cycle times. This method allows for various elastomer blends, catering to different demands in the automotive industry. In contrast, Extrusion is an emerging technique that is rapidly growing, primarily driven by its efficiency in producing long, continuous shapes and profiles. The growing demand for lightweight materials and improved production efficiency positions Extrusion as a key player in meeting modern automotive requirements.

Get more detailed insights about Automotive Elastomers Market Research Report - Global Forecast till 2035

Regional Insights

North America : Market Leader in Elastomers

North America is poised to maintain its leadership in the automotive elastomers market, holding a significant share of 5.93 in 2024. The region's growth is driven by increasing vehicle production, stringent environmental regulations, and a shift towards lightweight materials. The demand for high-performance elastomers is further fueled by advancements in automotive technology and the rising trend of electric vehicles, which require specialized materials for efficiency and safety. The competitive landscape in North America is robust, with key players such as BASF SE, Dow Inc., and Kraton Corporation leading the charge. The U.S. remains the largest market, supported by a strong automotive manufacturing base and innovation in material science. The presence of major automotive OEMs and a focus on sustainability are expected to drive further growth, making North America a critical hub for automotive elastomers.

Europe : Innovation and Sustainability Focus

Europe's automotive elastomers market is projected to reach 3.56 by 2025, driven by a strong emphasis on sustainability and innovation. The region is witnessing a shift towards eco-friendly materials, spurred by stringent EU regulations aimed at reducing carbon emissions. This regulatory environment is fostering the development of advanced elastomers that meet both performance and environmental standards, thus enhancing market growth. Leading countries such as Germany, France, and Italy are at the forefront of this transformation, with major players like Lanxess AG and Solvay S.A. investing heavily in R&D. The competitive landscape is characterized by collaborations between automotive manufacturers and elastomer producers to develop tailored solutions. As the demand for electric vehicles rises, the need for high-performance elastomers is expected to grow, positioning Europe as a key player in the global market.

Asia-Pacific : Emerging Market Potential

The Asia-Pacific region is emerging as a significant player in the automotive elastomers market, with a projected size of 2.25 by 2025. The growth is primarily driven by increasing vehicle production, urbanization, and rising disposable incomes in countries like China and India. Additionally, government initiatives promoting electric vehicles and sustainable practices are catalyzing demand for advanced elastomers that enhance vehicle performance and safety. China stands out as the largest market in the region, supported by a robust automotive manufacturing sector and a growing focus on innovation. Key players such as Mitsubishi Chemical Corporation and Trelleborg AB are actively expanding their presence to cater to the rising demand. The competitive landscape is evolving, with local manufacturers also entering the market, intensifying competition and driving technological advancements.

Middle East and Africa : Untapped Market Opportunities

The Middle East and Africa (MEA) region currently holds a small market size of 0.12 in the automotive elastomers sector, reflecting slow growth. However, the region presents untapped opportunities driven by increasing automotive production and infrastructure development. The demand for elastomers is expected to rise as local manufacturers seek to enhance vehicle performance and comply with international standards, particularly in the automotive sector. Countries like South Africa and the UAE are gradually emerging as key players in the automotive market, with investments in manufacturing capabilities. While the competitive landscape is still developing, the presence of global players like SABIC and Wacker Chemie AG is expected to stimulate growth. As the region focuses on diversifying its economy, the automotive elastomers market is likely to gain traction in the coming years.

Key Players and Competitive Insights

The Automotive Elastomers Market is characterized by a dynamic competitive landscape, driven by innovation, sustainability, and strategic partnerships. Key players such as BASF SE (DE), Dow Inc. (US), and Kraton Corporation (US) are actively shaping the market through their distinct operational focuses. BASF SE (DE) emphasizes innovation in product development, particularly in bio-based elastomers, which aligns with the growing demand for sustainable materials. Dow Inc. (US) is leveraging its extensive research capabilities to enhance the performance characteristics of elastomers, thereby catering to the evolving needs of automotive manufacturers. Meanwhile, Kraton Corporation (US) is focusing on strategic partnerships to expand its market reach and enhance its product offerings, particularly in the area of thermoplastic elastomers.The business tactics employed by these companies include localizing manufacturing and optimizing supply chains to enhance efficiency and reduce costs. The market structure appears moderately fragmented, with several key players exerting considerable influence. This fragmentation allows for a diverse range of products and innovations, fostering a competitive environment where companies must continuously adapt to maintain their market positions.

In November BASF SE (DE) announced the launch of a new line of bio-based elastomers aimed at reducing the carbon footprint of automotive applications. This strategic move not only reinforces BASF's commitment to sustainability but also positions the company as a leader in eco-friendly materials, potentially attracting environmentally conscious manufacturers. The introduction of these products is likely to enhance BASF's competitive edge in a market increasingly focused on sustainability.

In October Dow Inc. (US) unveiled a new advanced elastomer technology that significantly improves the durability and performance of automotive components. This innovation is expected to meet the stringent requirements of modern vehicles, thereby solidifying Dow's reputation as a key player in the elastomers sector. The strategic importance of this development lies in its potential to capture a larger market share by addressing the performance demands of automotive manufacturers.

In September Kraton Corporation (US) entered into a strategic partnership with a leading automotive manufacturer to co-develop new thermoplastic elastomer solutions. This collaboration is indicative of Kraton's strategy to enhance its product portfolio and expand its market presence. By aligning with a major player in the automotive industry, Kraton is likely to gain valuable insights into market trends and customer preferences, further strengthening its competitive position.

As of December the competitive trends in the Automotive Elastomers Market are increasingly defined by digitalization, sustainability, and the integration of advanced technologies such as AI. Strategic alliances are becoming more prevalent, enabling companies to pool resources and expertise to drive innovation. The shift from price-based competition to a focus on technological advancement and supply chain reliability is evident, suggesting that future competitive differentiation will hinge on the ability to innovate and adapt to changing market demands.

Key Companies in the Automotive Elastomers Market include

Industry Developments

Recent developments in automotive elastomer markets are:

Jan 2022 -
The 50 percent ownership position in the 50/50 joint venture, Magnifin Magnesiaprodukte GmbH & Co. KG, was acquired by Huber Engineered Materials from refractory products and systems and services supplier RHI Magnesita. This transformation is a good strategic match for HEM's purpose of owning and operating market-leading specialized chemical and mineral enterprises. Martinswerk GmbH, a subsidiary of HEM, sells Magnifin products worldwide as part of the HEM Fire Retardant Additives (FRA) strategic business unit, which manufactures a variety of smoke suppressants, halogen-free fire retardants, and specialty aluminum oxides to improve the smoke, fire, and toxicity (FST) properties of composite parts. Energy and LAN data cables, technical thermoplastics (e.g., connectors), automobile wire and cable, and construction membranes are all examples of fire-retardant applications. Magnifin coated and uncoated magnesium hydroxides are stated to be halogen-free fire retardants utilized in a wide range of polymer applications, particularly thermoplastic polymers and elastomers needing high processing temperatures above 300°C.

Jan 2022 -
Carlisle Polyurethane Systems, a market leader in developing, manufacturing, and marketing high-performance, spray-applied protective coatings, is happy to announce the rebranding and expansion of its Intellathane product line. Intellathane protective elastomeric coatings are tough, abrasion-proof, and impact-resistant. They are designed to resist cracking, flaking, bubbling, or peeling, creating a nearly impenetrable seal that coats surfaces and protects them from repeated and devastating impacts, weathering, temperature extremes, and harsh chemical environments. Heavy industrial, farm, truck/automotive, mining, military, and storage equipment are all protected by Intellathane elastomeric spray coatings.

Thermoplastic polymers have been introduced, which have the properties of plastics and polymers. These have high strength like plastics and excellent elasticity like polymers.

Biopolymers have been introduced in the market with superb properties.

Elastomers with properties that exhibit tensile strength more than many others have also been introduced.

In the recent developments mad win the field of automotive elastomers, the focus has been laid on the elasticity to remain lightweight.

While elastomers are known for their ability to stretch to a great extend, recent innovations have not only considered this, but advanced polymers have also been bought in the market.

The emphasis on comfort has led manufacturers to turn to polyolefin elastomers to produce customized shapes. The ENGAGE series of elastomers by Dow Chemicals has answered this call by being suitable for interior and exterior parts. The elastomers are easy to process and paint, reduce overall vehicle weight, and create a striking impression by being appealing to customers. Their applications include rocker panels, knee bolsters, instrument panel components, front-end body panels, and others.

Kuraray Elastomers relies on liquid butadiene rubber (LBR) for rubber applications which need to function in high temperatures. They are a perfect fit for cables, gaskets, and hoses in cars. The incorporation of LBR in EPDM can enhance its hardness, compression set, and curing properties with other components.

Mitsui Chemicals Inc. has announced the planning of closure for the Mitsui Chemicals Exclusive Railway, for conveying raw materials to the company’s Omuta Works in Fukuoka, Japan. These coal trains were in service for more than 100 years and therefore a farewell project for these trains accounting for the long history and to capture the legacy of these trains for the future.

Future Outlook

Automotive Elastomers Market Future Outlook

The Automotive Elastomers Market is projected to grow at a 6.05% CAGR from 2025 to 2035, driven by increasing demand for lightweight materials and enhanced performance characteristics.

New opportunities lie in:

Development of bio-based elastomers for sustainable automotive applications.
Integration of smart elastomer technologies for enhanced vehicle performance.
Expansion into emerging markets with tailored elastomer solutions.

By 2035, the market is expected to achieve robust growth, positioning itself as a leader in automotive materials.

Market Segmentation

Automotive Elastomers Market End Use Outlook

Passenger Vehicles
Commercial Vehicles
Electric Vehicles
Two-Wheelers

Automotive Elastomers Market Application Outlook

Seals
Gaskets
Hoses
Interior Components
Exterior Components

Automotive Elastomers Market Material Type Outlook

Thermoplastic Elastomers
Thermoset Elastomers
Polyurethane Elastomers
Silicone Elastomers

Automotive Elastomers Market Processing Technique Outlook

Injection Molding
Extrusion
Blow Molding
Compression Molding

Report Scope

MARKET SIZE 2024	11.86(USD Million)
MARKET SIZE 2025	12.58(USD Million)
MARKET SIZE 2035	22.65(USD Million)
COMPOUND ANNUAL GROWTH RATE (CAGR)	6.05% (2025 - 2035)
REPORT COVERAGE	Revenue Forecast, Competitive Landscape, Growth Factors, and Trends
BASE YEAR	2024
Market Forecast Period	2025 - 2035
Historical Data	2019 - 2024
Market Forecast Units	USD Million
Key Companies Profiled	BASF SE (DE), Dow Inc. (US), Kraton Corporation (US), Lanxess AG (DE), Mitsubishi Chemical Corporation (JP), SABIC (SA), Solvay S.A. (BE), Trelleborg AB (SE), Wacker Chemie AG (DE)
Segments Covered	Application, End Use, Material Type, Processing Technique
Key Market Opportunities	Growing demand for lightweight materials enhances opportunities in the Automotive Elastomers Market.
Key Market Dynamics	Rising demand for lightweight materials drives innovation in automotive elastomers, enhancing performance and sustainability.
Countries Covered	North America, Europe, APAC, South America, MEA