Global Automotive Elastomers Market Growth, Share, Size, Trends and Forecast (2025 - 2031)

By Type;

Thermoset Elastomer and Thermoplastic Elastomer (TEP).

By Application;

Tire and Non-Tire.

By Vehicle Type;

Passenger Cars, Light Commercial Vehicles, Medium and Heavy Commercial Vehicles.

By Geography;

North America, Europe, Asia Pacific, Middle East and Africa and Latin America - Report Timeline (2021 - 2031).
Report ID: Rn110247988 Published Date: March, 2025 Updated Date: April, 2025

Introduction

Global Automotive Elastomers Market (USD Million), 2021 - 2031

In the year 2024, the Global Automotive Elastomers Market was valued at USD 146,101.40 million. The size of this market is expected to increase to USD 192,259.47 million by the year 2031, while growing at a Compounded Annual Growth Rate (CAGR) of 4.0%.

The automotive industry relies heavily on elastomers, a class of elastic materials with a wide range of applications. These versatile players are crucial for everything from keeping your tires rolling to ensuring a smooth and quiet ride. The global automotive elastomers market is experiencing steady growth, driven by factors like rising vehicle demand and increasing focus on fuel efficiency.

The automotive elastomers market encompasses various types of elastomers, including natural rubber, synthetic rubber, and even cutting-edge options like thermoplastic elastomers. These materials find application in various parts of a vehicle, from tires, the most prominent use, to engine components, seals, and hoses.

The global automotive elastomers market plays a critical role in keeping vehicles on the road. Elastomers, also known as rubbers, are a class of elastic polymers that provide essential properties like vibration dampening, noise reduction, and sealing in various automotive components.This market encompasses a wide range of elastomer types, including natural rubber, synthetic rubber, and specialty elastomers. Each type offers unique properties tailored to specific applications within a vehicle. From engine mounts and belts to hoses and gaskets, elastomers ensure smooth operation, passenger comfort, and overall vehicle performance.

The demand for automotive elastomers is expected to witness significant growth due to several key factors. Rising global vehicle production, particularly in emerging economies, is a major driver. Additionally, the increasing focus on fuel efficiency and emission regulations is propelling the adoption of lightweight and high-performance elastomers. Furthermore, the trend towards autonomous vehicles and electric cars is creating demand for specialized elastomers that can withstand the unique operating conditions of these advanced technologies.

  1. Introduction
    1. Research Objectives and Assumptions
    2. Research Methodology
    3. Abbreviations
  2. Market Definition & Study Scope
  3. Executive Summary
    1. Market Snapshot, By Type
    2. Market Snapshot, By Application
    3. Market Snapshot, By Vehicle Type
    4. Market Snapshot, By Region
  4. Global Automotive Elastomers Market Dynamics
    1. Drivers, Restraints and Opportunities
      1. Drivers
        1. Rising Vehicle Production
        2. Focus on Fuel Efficiency
        3. Stringent Emission Regulations
        4. Rise of New Automotive Technologies
      2. Restraints
        1. Fluctuating Raw Material Prices
        2. Stringent Environmental Regulations
        3. Intense Competition in the Market
        4. Durability Concerns and Replacement Needs
      3. Opportunities
        1. Lightweighting
        2. Electric Vehicles (EVs)
        3. Autonomous Vehicles (AVs)
        4. Emerging Economies
    2. PEST Analysis
      1. Political Analysis
      2. Economic Analysis
      3. Social Analysis
      4. Technological Analysis
    3. Porter's Analysis
      1. Bargaining Power of Suppliers
      2. Bargaining Power of Buyers
      3. Threat of Substitutes
      4. Threat of New Entrants
      5. Competitive Rivalry
  5. Market Segmentation
    1. Global Automotive Elastomers Market, By Type, 2021 - 2031 (USD Million)
      1. Thermoset Elastomer
      2. Thermoplastic Elastomer (TEP)
    2. Global Automotive Elastomers Market, By Application, 2021 - 2031 (USD Million)
      1. Tire
      2. Non-Tire
    3. Global Automotive Elastomers Market, By Vehicle Type, 2021 - 2031 (USD Million)
      1. Passenger Cars
      2. Light Commercial Vehicles
      3. Medium and Heavy Commercial Vehicles
    4. Global Automotive Elastomers Market, By Geography, 2021 - 2031 (USD Million)
      1. North America
        1. United States
        2. Canada
      2. Europe
        1. Germany
        2. United Kingdom
        3. France
        4. Italy
        5. Spain
        6. Nordic
        7. Benelux
        8. Rest of Europe
      3. Asia Pacific
        1. Japan
        2. China
        3. India
        4. Australia & New Zealand
        5. South Korea
        6. ASEAN (Association of South East Asian Countries)
        7. Rest of Asia Pacific
      4. Middle East & Africa
        1. GCC
        2. Israel
        3. South Africa
        4. Rest of Middle East & Africa
      5. Latin America
        1. Brazil
        2. Mexico
        3. Argentina
        4. Rest of Latin America
  6. Competitive Landscape
    1. Company Profiles
      1. Arlanxeo
      2. DOW
      3. Exxonmobil
      4. JSR Corporation
      5. Dupont
      6. BASF
      7. LG Chem
      8. Sabic
      9. Teknor Apex
      10. Zeon Corporation
  7. Analyst Views
  8. Future Outlook of the Market