Insight by Abdul Wasay, Chief Operating Officer at The Business Research Company
In response to fluctuating tariffs and geopolitical trade developments, the Automotive Elastomers Market Outlook 2025 analyses how businesses are adapting through supply chain diversification and strategic sourcing.
What Is the Forecasted Market Size and CAGR for the Automotive Elastomers Market?
The market size of automotive elastomers has seen considerable growth in recent years. The market, which was worth $34.5 billion in 2024, is expected to increase to $36.24 billion in 2025, displaying a Compound Annual Growth Rate (CAGR) of 5.0%.
What Is the Forecasted CAGR for the Automotive Elastomers Market by 2029?
The Automotive Elastomers Global Market Report 2025 predicts that by 2029, the market size for automotive elastomers will grow to reach $44.7 billion, with a compound annual growth rate (CAGR) of 5.4%.
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What Are the Market Drivers in the Automotive Elastomers Industry?
The key drivers in the automotive elastomers market are:
• Increasing adoption of electric and autonomous vehicles
• Rising environmental concerns and regulatory pressures
• Ongoing advancements in research and development for smart materials
• Growing popularity of hybrid vehicles
What Is the Segment-Wise Breakdown of the Automotive Elastomers Market?
The automotive elastomers market covered in this report is segmented –
1) By Type: Natural Rubbers (NR), Butyl Elastomers (IIR), Butadiene (BR) (Polybutadiene) Elastomers, Ethylene-Propylene (EPM Or EPDM) Elastomers, Polyisoprene (IR) Elastomers, Nitrile (NBR) Elastomers, Silicones (Q), Polychloroprene (CR) (Neoprene) Elastomers, Acrylic (ACM) Elastomers, Other Types
2) By Vehicle Type: Passenger Cars, Light Commercial Vehicles, Medium And Heavy Commercial Vehicles
3) By Application: Tire, Interior, Exterior, Under The Hood
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Which Emerging Trends Are Driving Growth in the Automotive Elastomers Sector?
The key trends in the automotive elastomers market are:
• Adoption of electric and autonomous vehicles is a noticeable trend shaping the market.
• The development of smart elastomers with embedded sensors and self-healing properties is a significant trend.
• Use of bio-based technology and incorporation of nanomaterials in elastomers are upcoming trends.
• Elastomers with electrical conductivity are witnessing increased interest and development.
Which Companies Are Dominating the Automotive Elastomers Market in Terms of Revenue?
Major players in the automotive elastomers market are:
• BASF SE
• ExxonMobil Chemical Company
• Saudi Basic Industries Corporation (SABIC)
• Continental AG
• LG Chem Ltd.
• Covestro AG
• Asahi Kasei Corporation
• Evonik Industries AG
• DuPont de Nemours Inc.
• Arkema Group
• Mitsui Chemicals Crop & Life Solutions Inc.
• Celanese Us Holdings LLC
• Lanxess AG
• Huntsman International LLC
• Solvay S.A.
• Kuraray Co. Ltd.
• Trelleborg AB
• Japan Synthetic Rubber Co. Ltd.
• Zeon Chemicals Asia Co. Ltd.
• Teknor Apex Elastomers Inc.
• Kraton Polymers LLC
• Momentive Performance Materials Inc.
What Are the Regions Driving Demand in the Automotive Elastomers Market?
Asia-Pacific was the largest region in the automotive elastomers market in 2024
