Global Elastomers Market 2015 Estimated to Grow at a Compound Annual Growth Rate 6.1% by 2022
The Global Elastomers Market accounted for $22.37 billion in 2014 and is poised to reach $36 billion by 2022 at a Compound Annual Growth Rate (CAGR) of 6.1% during forecast period 2014 to 2022. The growing demand from automotive industry, advancement in processing industry and increasing purchasing power in the developing economies are the key drivers of the elastomers market.
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