Globenewswire·2026-01-13 09:02Core Insights - The global elastomers market was valued at $112.7 billion in 2024 and is projected to grow to $177.7 billion by 2030, with a compound annual growth rate (CAGR) of 8.1% from 2025 to 2030 [1][7]. Market Dynamics and Growth Factors - Increased production of lightweight automotive components, electric vehicles (EVs), medical devices, and consumer electronics is creating new opportunities for elastomer manufacturing [2]. - Advanced medical treatments and the demand for biocompatible elastomers are driving global demand, with applications in various medical devices such as ECG sensors and disposable medical devices [3]. - The demand for EVs and lightweight vehicles positively impacts the elastomers market, as they can replace some metal and ceramic compounds, aiding manufacturers in reducing their carbon footprint [4]. Report Scope - The report covers various types, processes, and end uses of elastomers, with estimated values based on manufacturers' total revenue, projected in constant U.S. dollars [5]. - It includes a comprehensive analysis of global market trends, historical revenue data, and forecasts for the elastomers market [10]. Key Attributes - The report consists of 153 pages, covering a forecast period from 2025 to 2030, with an estimated market value of $120.4 billion in 2025 and a forecasted value of $177.7 billion by 2030 [7]. Emerging Technologies and Developments - The report highlights the evolution of vitrimer polymers technology, development of polyolefin catalysts, and the use of AI systems for TPPU production as key technological advancements [11]. Market Segmentation - The elastomers market is segmented by type (thermosets and thermoplastics), process (injection molding, extrusion, adhesive, coating, and others), end use (automotive, industrial, medical, consumer goods, building and construction, and others), and region (North America, Europe, Asia-Pacific, South America, and the Middle East and Africa) [15]. Companies Featured - Leading companies in the elastomers industry include BASF, Dow, LG Chem, Covestro AG, and Arkema, among others [12][15].