Product Code: CHM056E
The global market for elastomers was valued at $112.7 billion in 2024. The market is projected to grow from $120.4 billion in 2025 to reach $177.7 billion by 2030, at a compound annual growth rate (CAGR) of 8.1% from 2025 to 2030.
The Asia-Pacific market for elastomers is projected to grow from $54.6 billion in 2025 to reach $86.4 billion by 2030, at a CAGR of 9.6% from 2025 to 2030.
The North American market for elastomers is projected to grow from $27.1 billion in 2025 to reach $38.7 billion by 2030, at a CAGR of 7.4% from 2025 to 2030.
Report Scope
The report details the various types, processes and end uses of elastomers. Estimated values are based on manufacturers' total revenue. Projected revenue values are in constant U.S. dollars and are unadjusted for inflation. The report also contains comprehensive information about elastomers and their users.
The global elastomers market is segmented into the following categories:
- By type (thermosets and thermoplastics).
- By process (injection molding, extrusion, adhesive, coating and others).
- By end use (automotive, industrial, medical, consumer goods, building and construction and others).
- By region (North America, Europe, Asia-Pacific, South America, and the Middle East and Africa).
Report Includes
- 117 data tables and 43 additional tables
- Overview and an analysis of the global market for elastomers
- In-depth analysis of global market trends, featuring historical revenue data for 2024, estimated figures for 2025, as well as forecasts for 2029. This analysis includes projections of compound annual growth rates (CAGRs) through 2030
- Evaluation of the current market size and revenue growth prospects specific to the elastomers, accompanied by a market share analysis by type, process, end user and region
- Analysis of current and future demand in the elastomers market, along with a detailed analysis of the competitive environment, market regulations and reimbursement practices
- Analysis of drivers, challenges and opportunities affecting market growth
- Insights derived from Porter's Five Forces model, as well as global supply chain analysis
- Coverage of evolving technologies, the current and future market potential, R&D activities, growth strategies, new product pipeline, regulatory framework and reimbursement scenarios
- Overview of sustainability trends and ESG developments, with emphasis on consumer attitudes, as well as the ESG risk ratings and practices of leading companies
- Market share analysis of the key market participants in the elastomers industry, along with their research priorities, product portfolios, global rankings and company competitive landscape
- Profiles of the leading companies, including BASF SE, Dow, LG Chem, Covestro AG and Arkema
Table of Contents
Chapter 1 Executive Summary
- Market Outlook
- Scope of Report
- Market Summary
- Market Dynamics and Growth Factors
- Emerging Technologies
- Trends and Developments
- Segmental Analysis
- Regional and Emerging Markets
- Conclusion
Chapter 2 Market Overview
- Market Definition
- Factors Affecting Choice in the Elastomers Market
- Importance of Elastomers
Chapter 3 Market Dynamics
- Key Takeaways
- Market Dynamics Snapshot
- Drivers
- Demand for Biocompatible Elastomers in the Medical Industry
- Demand for EVs and Lightweight Automotive Components
- Restraints
- Technical Complexity
- Recycling and Repairability Issues
- Opportunities
- Demand for Castor Oil Plant-based Elastomers
- Use of Elastomers in 3D Printing Technology
- Challenges
- Stringent Environmental Regulations on Plastics Consumption
- Volatility in Raw Material Prices
Chapter 4 Emerging Technologies and Developments
- Key Takeaways
- Newest Technology
- Evolution of Vitrimers Polymers Technology
- Development of Polyolefin Catalyst
- AI Systems for TPPU Production
Chapter 5 Supply Chain Analysis of the Global Elastomers Markets
- Supply Chain Analysis of Global Elastomers Markets
- Manufacturers
- Sales
Chapter 6 Market Segmentation Analysis
- Key Takeaways
- Segmentation Breakdown
- Market Analysis by Type
- Thermosets
- Thermoplastics
- Market Analysis by Process
- Injection Molding
- Extrusion
- Adhesive
- Coating
- Others
- Market Analysis by End Use
- Automotive
- Industrial
- Medical
- Consumer Goods
- Building and Construction
- Others
- Geographic Breakdown
- Key Takeaways
- Market Analysis by Region
- North America
- Asia-Pacific
- Europe
- South America
- Middle East and Africa
Chapter 7 Competitive Intelligence
- Industry Structure
- Elastomers Market: Company Share Analysis
- Strategic Analysis
Chapter 8 Sustainability in Elastomers: ESG Perspective
- Importance of ESG in the Elastomers Market
- ESG Practices in the Elastomers Market
- Current Status of ESG
- Risk Scale, Exposure Scale and Management Scale
- Future of ESG: Emerging Trends and Opportunities
- Concluding Remarks
Chapter 9 Appendix
- Methodology
- Information Sources
- References
- Abbreviations
- Company Profile
- ARKEMA
- ASAHI KASEI CORP.
- BASF
- COVESTRO AG
- DOW
- DUPONT
- EVONIK INDUSTRIES AG
- EXXON MOBIL CORP.
- HUNTSMAN INTERNATIONAL LLC.
- INNOVATIVE SILICONES
- LANXESS
- LG CHEM
- LYONDELLBASELL INDUSTRIES HOLDINGS B.V.
- STOCKWELL ELASTOMERICS
- URM