Market Research Store: Published latest report on "Global Elastomers Market Outlook (2014-2022)" into their database.
Deerfield Beach, FL -- (SBWIRE) -- 12/11/2015 -- The Global Elastomers Market acounted 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. Among the elastomers, the thermoplastic elastomers are likely to grow due to the diverse range of its applications and increasing R&D efforts. Whereas Volatality of crude oil prices and product commoditization are hampering the market growth.
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Elastomers Market is segmented by product, by application and by geography. Depending on the various products, the market is segmented into Thermo set Elastomers and Thermoplastic Elastomers. Based on applications, the market is categorized into Tire Elastomers, Automotive Component, Elastomers, Architecture, Sports Products and Medical Products. By geography, the market is segmented into North America, Europe,Asia-Pacific and Rest of the World. China accounted for one-fourth of the Elastomers market share in 2014. The Asia-Pacific region being the largest market is expected to grow at a faster rate.
The key players in the Elastomers Market include Ashland, DuPont, Goodyear Tire & Rubber Co, Japan Synthetic Rubber Co. Ltd., Kraton Polymers, Lcy Chemical Corp., Michelin, Nantong Huili Rubber Co. Ltd., Sibur and Zeon.
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This study highlights current dynamics and developments in the Elastomers market. The report incorporates in-depth analysis of the market growth drivers as well as the inhibiting factors in the Elastomers market. The scope of the report covers an extensive evaluation pertaining to the winning imperatives and stakeholder strategies through a presentation of the segmentation of Elastomers market in the report.
The numerous factors stimulating this market have been evaluated in the sections of this report. Along with the regional analysis, the current trends in the Elastomers market, coupled with the reasons behind the development of some unique segments, have additionally been described in this Elastomers market report. The report highlights the competitive landscape by elaborating on the current mergers and acquisitions (M&A), product developments, and venture funding that took place in the Elastomers market in the recent past.
The section pertaining to the company profiles explains the dominance of the key players in the Elastomers market and an evaluation on the major strategies employed by these key players in order to gain a bigger share in the Elastomers market. This will help enhance the understanding on the competitors as well as help in gaining strong insights for strengthening one's position in the Elastomers market.
There are numerous factors that are considered in order to provide the analysis and forecast of the Elastomers market. Some of the factors are technological, political, social, and economic Elastomers market factors. Various analytical tools such as Porter's Five Forces Analysis and Elastomers market SWOT analysis are utilized to analyze the data of the Elastomers market and help provide a better understanding of the market. The data has been presented via charts, tables, and graphics in Elastomers market research report. This visual presentation of the data is very useful in providing a clearer view of the leading applications, end users, and key segments of the Elastomers market.