Global Automotive Elastomers Market to Reach $68.7 Billion by 2026

SAN FRANCISCO , June 29, 2022 /PRNewswire/ -- A new market study published by Global Industry Analysts Inc., (GIA) the premier market research company, today released its report titled "Automotive Elastomers - Global Market Trajectory & Analytics". The report presents fresh perspectives on opportunities and challenges in a significantly transformed post COVID-19 marketplace.

FACTS AT A GLANCE
What's New for 2022?

• Global competitiveness and key competitor percentage market shares
• Market presence across multiple geographies - Strong/Active/Niche/Trivial
• Online interactive peer-to-peer collaborative bespoke updates
• Access to our digital archives and MarketGlass Research Platform
• Complimentary updates for one year

Edition: 8; Released: January 2022
Executive Pool: 674
Companies: 41 - Players covered include Arlanxeo; BASF; Covestro; Daikin; DOW; DSM; Dupont; Exxonmobil; JSR Corporation; Kraiburg TEP GmbH & Co. Kg and Others.
Coverage: All major geographies and key segments
Segments: Type (Thermoset Elastomer, Thermoplastic Elastomer); Application (Tire, Non-Tire)
Geographies: World; United States; Canada; Japan; China; Europe (France; Germany; Italy; United Kingdom; Spain; Russia; and Rest of Europe); Asia-Pacific (Australia; India; South Korea; and Rest of Asia-Pacific); Latin America (Argentina; Brazil; Mexico; and Rest of Latin America); Middle East (Iran; Israel; Saudi Arabia; United Arab Emirates; and Rest of Middle East); and Africa.

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ABSTRACT-

Global Automotive Elastomers Market to Reach $68.7 Billion by 2026
Amid the COVID-19 crisis, the global market for Automotive Elastomers estimated at US$51.8 Billion, is projected to reach a revised size of US$68.7 Billion by 2026, growing at a CAGR of 4.8% over the analysis period. Thermoset Elastomer, one of the segments analyzed in the report, is projected to record a 5.1% CAGR and reach US$42.7 Billion by the end of the analysis period. After a thorough analysis of the business implications of the pandemic and its induced economic crisis, growth in the Thermoplastic Elastomer segment is readjusted to a revised 4.5% CAGR for the next 7-year period.

The U.S. Market is Estimated at $14.4 Billion in 2021, While China is Forecast to Reach $14.1 Billion by 2026
The Automotive Elastomers market in the U.S. is estimated at US$14.4 Billion in the year 2021. China, the world`s second largest economy, is forecast to reach a projected market size of US$14.1 Billion by the year 2026 trailing a CAGR of 7.8% over the analysis period. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 2.7% and 3.8% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 3.4% CAGR. More

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About Global Industry Analysts, Inc. & StrategyR™
Global Industry Analysts, Inc., (www.strategyr.com) is a renowned market research publisher the world`s only influencer driven market research company. Proudly serving more than 42,000 clients from 36 countries, GIA is recognized for accurate forecasting of markets and industries for over 33 years.

CONTACTS:
Zak Ali
Director, Corporate Communications
Global Industry Analysts, Inc.
Phone: 1-408-528-9966
www.StrategyR.com
Email: [email protected]

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SOURCE Global Industry Analysts, Inc.