Market Overview:
The global thermoset elastomer market is expected to grow at a CAGR of 5.5% from 2018 to 2030. The growth in the market can be attributed to the increasing demand for thermoset elastomers from various applications, such as automobiles, sports, electronics, industrial and others. Additionally, the growing demand for fluoroelastomers is also contributing to the growth of this market. However, volatility in raw material prices may restrain the growth of this market during the forecast period. The global thermoset elastomer market by type is segmented into nitrile rubber (NBR), ethylene propylene (EPR), fluorocarbon elastomers (FKM) and other types. The NBR segment is expected to dominate this market during the forecast period owing to its properties such as good resistance against oil and fuel products and chemicals. Additionally, it has excellent abrasion resistance which makes it suitable for use in automotive applications.
Product Definition:
Thermoset elastomer is a synthetic rubber that is heat-resistant and can be used in high-temperature environments. It is important for applications that require a durable, heat-resistant rubber material.
Nitrile Rubber (NBR):
Nitrile rubber (NBR) is a synthetic elastomer with high resistance to ozone, heat, and chemicals. It has excellent abrasion and tear resistance properties. NBR is resistant to most solvents but when heated above its melting point becomes permeable to water vapor and gases. Nitrile rubber exhibits good dimensional stability under normal temperatures but changes in temperature cause it to contract or expand depending on the conditions.
Ethylene Propylene (EPR):
Ethylene propylene (EPR) is a kind of polymer, which is manufactured by the catalytic polymerization of ethylene and propylene. It has high resistance to heat, chemicals & solvents and possesses excellent mechanical strength. EPR can be used in various industries including automotive industry, electrical & electronics industry and building & construction industry owing to its properties such as flame retardant, recyclable thermoplastic with excellent insulation properties.
Application Insights:
Automotive application segment accounted for the largest share of over 30.0% in 2017. The growing automotive sector, particularly in developing countries is expected to remain a key factor driving demand over the forecast period. In addition, increasing production capacities of passenger vehicles in China and India are anticipated to further drive market growth during the forecast period.
Electronics application segment is projected to expand at a CAGR of XX% from 2018 to 2030 owing to rising product demand from various industries including semiconductors, telecommunication and consumer durables among others which use FKM based products as they offer excellent thermal resistance properties along with high chemical resistance against solvents such as alcohols.
Regional Analysis:
Asia Pacific is anticipated to be the fastest-growing regional market over the forecast period. The growth can be attributed to increasing automotive production in China, India, and Japan. In addition, rising demand for passenger cars and light commercial vehicles will drive industry expansion over the next eight years.
The presence of numerous raw material suppliers coupled with low labor costs has attracted several thermoplastic elastomer (TPE) manufacturers from Europe and North America to set up their manufacturing units in this region.
In terms of revenue share, Europe was estimated at 28% in 2017 owing to its well established automotive sector which includes Germany along with other Eastern European countries such as Poland that have been experiencing strong economic growth since 2016.
Growth Factors:
- Increasing demand for thermoset elastomers from the automotive industry on account of their properties such as high temperature resistance, durability, and chemical resistance.
- Rising demand for thermoset elastomers in construction and infrastructure owing to the increasing spending on these sectors across the globe.
- Growing use of thermoset elastomers in electrical and electronics applications due to their excellent insulation properties.
- Increasing penetration of thermoset elastomers in medical devices and implants due to their biocompatibility characteristics.
Scope Of The Report
Report Attributes
Report Details
Report Title
Thermoset Elastomer Market Research Report
By Type
Nitrile Rubber (NBR), Ethylene Propylene (EPR), Fluorocarbon Elastomers (FKM), Other
By Application
Automobiles, Sports, Electronics, Industrial, Other
By Companies
BASF, Bayer MS, The Dow Chemical, DuPont, Huntsman, Chemtura, Mitsui Chemicals, Nippon, Lyondell Basell, Ineos Olefins & Polymers, Total Petrochemicals, Akzonobel, ExxonMobil Chemical, Afton Chemical, Braskem, Innospec, Cummins, Total, Evonik Industries, Chevron Phillips Chemical, SABIC, SIBUR, Wanhua Industrial, Schulman (A.) Incorporated, PolyOne, Royal DSM, Dynasol, Dushanzi
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
240
Number of Tables & Figures
168
Customization Available
Yes, the report can be customized as per your need.
Global Thermoset Elastomer Market Report Segments:
The global Thermoset Elastomer market is segmented on the basis of:
Types
Nitrile Rubber (NBR), Ethylene Propylene (EPR), Fluorocarbon Elastomers (FKM), Other
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Automobiles, Sports, Electronics, Industrial, Other
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- BASF
- Bayer MS
- The Dow Chemical
- DuPont
- Huntsman
- Chemtura
- Mitsui Chemicals
- Nippon
- Lyondell Basell
- Ineos Olefins & Polymers
- Total Petrochemicals
- Akzonobel
- ExxonMobil Chemical
- Afton Chemical
- Braskem
- Innospec
- Cummins
- Total
- Evonik Industries
- Chevron Phillips Chemical
- SABIC
- SIBUR
- Wanhua Industrial
- Schulman (A.) Incorporated
- PolyOne
- Royal DSM
- Dynasol
- Dushanzi
Highlights of The Thermoset Elastomer Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Nitrile Rubber (NBR)
- Ethylene Propylene (EPR)
- Fluorocarbon Elastomers (FKM)
- Other
- By Application:
- Automobiles
- Sports
- Electronics
- Industrial
- Other
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Thermoset Elastomer Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Thermoset elastomer is a type of thermoplastic elastomer that is made from an organic polymer and heat. It has a low-friction surface and good resistance to oil, gas, water, and other chemicals.
Some of the key players operating in the thermoset elastomer market are BASF, Bayer MS, The Dow Chemical, DuPont, Huntsman, Chemtura, Mitsui Chemicals, Nippon, Lyondell Basell, Ineos Olefins & Polymers, Total Petrochemicals, Akzonobel, ExxonMobil Chemical, Afton Chemical, Braskem, Innospec, Cummins, Total, Evonik Industries, Chevron Phillips Chemical, SABIC, SIBUR, Wanhua Industrial, Schulman (A.) Incorporated, PolyOne, Royal DSM, Dynasol, Dushanzi.
The thermoset elastomer market is expected to grow at a compound annual growth rate of 5.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Thermoset Elastomer Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Thermoset Elastomer Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Thermoset Elastomer Market - Supply Chain
4.5. Global Thermoset Elastomer Market Forecast
4.5.1. Thermoset Elastomer Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Thermoset Elastomer Market Size (000 Units) and Y-o-Y Growth
4.5.3. Thermoset Elastomer Market Absolute $ Opportunity
5. Global Thermoset Elastomer Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. Thermoset Elastomer Market Size and Volume Forecast by Type
5.3.1. Nitrile Rubber (NBR)
5.3.2. Ethylene Propylene (EPR)
5.3.3. Fluorocarbon Elastomers (FKM)
5.3.4. Other
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Thermoset Elastomer Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. Thermoset Elastomer Market Size and Volume Forecast by Application
6.3.1. Automobiles
6.3.2. Sports
6.3.3. Electronics
6.3.4. Industrial
6.3.5. Other
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Thermoset Elastomer Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. Thermoset Elastomer Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global Thermoset Elastomer Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. Thermoset Elastomer Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global Thermoset Elastomer Demand Share Forecast, 2019-2026
9. North America Thermoset Elastomer Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America Thermoset Elastomer Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America Thermoset Elastomer Market Size and Volume Forecast by Application
9.4.1. Automobiles
9.4.2. Sports
9.4.3. Electronics
9.4.4. Industrial
9.4.5. Other
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Thermoset Elastomer Market Size and Volume Forecast by Type
9.7.1. Nitrile Rubber (NBR)
9.7.2. Ethylene Propylene (EPR)
9.7.3. Fluorocarbon Elastomers (FKM)
9.7.4. Other
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America Thermoset Elastomer Demand Share Forecast, 2019-2026
10. Latin America Thermoset Elastomer Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America Thermoset Elastomer Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America Thermoset Elastomer Market Size and Volume Forecast by Application
10.4.1. Automobiles
10.4.2. Sports
10.4.3. Electronics
10.4.4. Industrial
10.4.5. Other
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Thermoset Elastomer Market Size and Volume Forecast by Type
10.7.1. Nitrile Rubber (NBR)
10.7.2. Ethylene Propylene (EPR)
10.7.3. Fluorocarbon Elastomers (FKM)
10.7.4. Other
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America Thermoset Elastomer Demand Share Forecast, 2019-2026
11. Europe Thermoset Elastomer Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe Thermoset Elastomer Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe Thermoset Elastomer Market Size and Volume Forecast by Application
11.4.1. Automobiles
11.4.2. Sports
11.4.3. Electronics
11.4.4. Industrial
11.4.5. Other
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Thermoset Elastomer Market Size and Volume Forecast by Type
11.7.1. Nitrile Rubber (NBR)
11.7.2. Ethylene Propylene (EPR)
11.7.3. Fluorocarbon Elastomers (FKM)
11.7.4. Other
11.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-o-Y Growth Projections by Type
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe Thermoset Elastomer Demand Share, 2019-2026
12. Asia Pacific Thermoset Elastomer Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific Thermoset Elastomer Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific Thermoset Elastomer Market Size and Volume Forecast by Application
12.4.1. Automobiles
12.4.2. Sports
12.4.3. Electronics
12.4.4. Industrial
12.4.5. Other
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Thermoset Elastomer Market Size and Volume Forecast by Type
12.7.1. Nitrile Rubber (NBR)
12.7.2. Ethylene Propylene (EPR)
12.7.3. Fluorocarbon Elastomers (FKM)
12.7.4. Other
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific Thermoset Elastomer Demand Share, 2019-2026
13. Middle East & Africa Thermoset Elastomer Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa Thermoset Elastomer Market Size and Volume Forecast by Country
13.2.1. Saudi Arabia
13.2.2. South Africa
13.2.3. UAE
13.2.4. Rest of Middle East & Africa (MEA)
13.3. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa Thermoset Elastomer Market Size and Volume Forecast by Application
13.4.1. Automobiles
13.4.2. Sports
13.4.3. Electronics
13.4.4. Industrial
13.4.5. Other
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Thermoset Elastomer Market Size and Volume Forecast by Type
13.7.1. Nitrile Rubber (NBR)
13.7.2. Ethylene Propylene (EPR)
13.7.3. Fluorocarbon Elastomers (FKM)
13.7.4. Other
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa Thermoset Elastomer Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Thermoset Elastomer Market: Market Share Analysis
14.2. Thermoset Elastomer Distributors and Customers
14.3. Thermoset Elastomer Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. BASF
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. Bayer MS
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. The Dow Chemical
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. DuPont
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Huntsman
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. Chemtura
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. Mitsui Chemicals
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. Nippon
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. Lyondell Basell
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. Ineos Olefins & Polymers
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. Total Petrochemicals
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. Akzonobel
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. ExxonMobil Chemical
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. Afton Chemical
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. Braskem
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. Innospec
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. Cummins
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. Total
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. Evonik Industries
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. Chevron Phillips Chemical
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook
