The report "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", The automotive elastomers market is projected to grow from an estimated USD 46.13 Billion in 2017 to USD 58.82 Billion by 2022, at a CAGR of 5.0% from 2017 to 2022.

Globally, people are opting for products that deliver superior automotive performance and have a long life cycle. Automotive elastomers are used as replacement for traditional rubber due to their unique set of properties such as heat resistance, weathering and ozone resistance, flexibility, durability, aging resistance, variety, chemical resistance, and oil & gas resistance. These factors are leading to an increase in the demand for automotive elastomers globally.

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Tire application is projected to lead the automotive elastomers market during the forecast period

Automotive elastomers are used in tire and non-tire applications. Among these two, the tire application is expected to lead the automotive elastomers market between 2017 and 2022, followed by the non-tire application. Because of the implementation of stringent environmental regulations regarding emission levels, the design of vehicles has changed drastically over the past few decades. Manufacturers are designing compact, lightweight, and more efficient vehicles. This requires that various under-the-hood components should be in close proximity to each other, resulting in increased heat levels. Vehicle manufacturers require an automotive elastomer that can operate under such tough conditions.

Natural rubber is the largest growing type of the automotive elastomers market

Among various types, the natural rubber segment is expected to lead the automotive elastomers market during the forecast period. Natural rubber is known for its excellent properties, such as outstanding resistance to weathering and ozone, good compression set, high physiological inertness, resistance to bacteria and fungi, and high temperature stability. Owing to these properties and ease of handling, natural rubber is used in a wide variety of applications such as tires, air filters, fan couplings, and radiator hoses.

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Key Target Audience:

Manufacturers of Automotive Elastomer Materials
Original Equipment Manufacturers
Automotive and Transportation Manufacturers
Traders, Distributors, and Suppliers of Automotive Elastomers
Regional Manufacturers Associations and General Automotive Elastomer Associations
Government and Regional Agencies and Research Organizations
Investment Research Firms

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