EMEA Elastomers Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)

The Report Covers Europe, Middle East Africa Automotive Elastomers Market Revenue and is segmented by Product Type (Thermoset Elastomers and Thermoplastic Elastomers), Application (Automotive, Medical, Electronics, Construction, Industrial, and Other Applications), and Geography (Europe and Middle-East and Africa)

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EMEA Elastomers Market Size

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EMEA elastomers market share
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Study Period 2019 - 2029
Base Year For Estimation 2023
CAGR > 4.00 %
Fastest Growing Market Middle East and Africa
Largest Market Europe
Market Concentration Low

Major Players

EMEA elastomers market key players

*Disclaimer: Major Players sorted in no particular order
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EMEA Elastomers Market Analysis

The market for Europe, Middle-East and Africa (EMEA) elastomers market is expected to register a CAGR of over 4% during the forecast period. The major factors driving the market studied are the increasing demand from the automotive and HVAC industry. Various factors, like volatility in raw material prices and intra-elastomer segment replacements, are expected to hinder the growth of the market studied.

  • Thermoplastics dominated the market. These elastomers possess various characteristic properties, including high heat resistance, high viscosity, cost-effective, low-temperature flexibility, oil resistant, halogen-free, structural integrity, chemical resistant, terpolymer, low toxicity, good moldability, and good strength.
  • The increasing demand for bio-based thermoplastic elastomers is likely to act as an opportunity in the future.
  • Europe dominated the market across the region with the largest consumption from countries, such as Germany and France.

EMEA Elastomers Market Trends

This section covers the major market trends shaping the EMEA Elastomers Market according to our research experts:

Increasing Application from the HVAC Industry

  • Heating, ventilation, and air conditioning (HVAC) are important in the designing of large to medium industrial and office buildings, as well as skyscrapers and in marine environments, such as aquariums, where safe and healthy building conditions are regulated with respect to humidity and temperature, using fresh air from outdoors.
  • Thermoplastic elastomers are used in a variety of HVAC application, as it can be extruded, injection molded, blow molded, or compression molded. The features that make it well suited for this application include flexibility in hot and cold temperature extremes, excellent long-term sealing performance, low volatile organic compounds (VOCs), along with a wide range of hardness to meet end use requirements.
  • The major applications of elastomers in the HVAC industry include seals and gaskets, boots and bellows, couplers, air ducts and tee joints, connectors, drain tubing, shock mounts, and flexible hose.
  • Increasing population and stringent regulations for energy efficiency drive the demand for HVAC systems, which, in turn, are expected to increase the consumption of elastomers in the manufacturing of new HVAC systems.
  • With the technological enhancements in the sector leading to properties, such as large force generation with small temperature changes, the heat engines/pumps also have the potential to become a significant application sector for the elastomers market.
EMEA elastomers market trends

Europe to Dominate the Market

  • The European region dominated the EMEA market share. The construction growth trend in Germany is expected to continue, owing to the rising demand for real estate, increasing population, increased job security, and low borrowing costs.
  • The rising demand for automobiles, owing to the increasing per capita income, coupled with technological advancements in the sector leading to the increased life of a vehicle, has resulted in the increasing demand for the replacement of spare parts.
  • Moreover, with the growing use of microelectronic devices and reducing the size of electronics, the application of elastomers has been increasing in the electronics market, as it holds a high strength.
  • The German electronic industry is Europe’s biggest, and the fifth largest worldwide. The electrical and electronics industry accounted for 11% of the total German industrial production and about 3% of the country’s gross domestic product (GDP).
  • Owing to all these factors, the market for elastomers in the region is projected to increase in the coming years.
EMEA elastomers market size

EMEA Elastomers Industry Overview

The Middle-East and African (EMEA) elastomers market is partly fragmented and is dominated by very few players. Some of these major players include DuPont, BASF SE, ARLANXEO, Trinseo SA, and Synthos SA, among others.

EMEA Elastomers Market Leaders

  1. ARLANXEO

  2. Trinseo SA

  3. Synthos SA

  4. DuPont

  5. BASF SE

*Disclaimer: Major Players sorted in no particular order

DuPont, BASF SE, ARLANXEO, Trinseo SA, and Synthos SA.
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EMEA Elastomers Market Report - Table of Contents

  1. 1. INTRODUCTION

    1. 1.1 Study Assumptions

    2. 1.2 Scope of the Study

  2. 2. RESEARCH METHODOLOGY

  3. 3. EXECUTIVE SUMMARY

  4. 4. MARKET DYNAMICS

    1. 4.1 Drivers

      1. 4.1.1 Increasing Demand for Electric Vehicles

      2. 4.1.2 Increasing Application from the HVAC Industry

    2. 4.2 Restraints

      1. 4.2.1 Volatility in Raw Material Prices

      2. 4.2.2 Intra-elastomer Segment Replacement

    3. 4.3 Industry Value-Chain Analysis

    4. 4.4 Porter's Five Forces Analysis

      1. 4.4.1 Bargaining Power of Suppliers

      2. 4.4.2 Bargaining Power of Consumers

      3. 4.4.3 Threat of New Entrants

      4. 4.4.4 Threat of Substitute Products and Services

      5. 4.4.5 Degree of Competition

    5. 4.5 Policies and Regulations

  5. 5. MARKET SEGMENTATION

    1. 5.1 Product Type

      1. 5.1.1 Thermoset Elastomers

        1. 5.1.1.1 Nitrile Rubber (NBR)

          1. 5.1.1.1.1 Carboxylated Nitriles (XNBR)

          2. 5.1.1.1.2 Hydrogenated Nitrile (HNBR)

        2. 5.1.1.2 Ethylene Propylene (EPR)

        3. 5.1.1.3 Fluorocarbon Elastomers (FKM)

        4. 5.1.1.4 Styrene Butadiene Rubber

      2. 5.1.2 Thermoplastic Elastomers

        1. 5.1.2.1 Styrenic Block Copolymers (TPS)

          1. 5.1.2.1.1 Styrene-Butadiene-Styrene (SBS)

          2. 5.1.2.1.2 Styrene-Isoprene-Styrene (SIS)

          3. 5.1.2.1.3 Hydrogenated Styrenic Block Copolymers (HSBC)

          4. 5.1.2.1.4 Other Styrenic Block Copolymers

        2. 5.1.2.2 Thermoplastic Polyolefins Blend (TPO)

        3. 5.1.2.3 Thermoplastic Vulcanizates (TPV)

        4. 5.1.2.4 Thermoplastic Polyurethanes (TPU)

          1. 5.1.2.4.1 Polyester

          2. 5.1.2.4.2 Polyether

          3. 5.1.2.4.3 Other Thermoplastic Polyurethanes

        5. 5.1.2.5 Other Thermoplastic Elastomers

          1. 5.1.2.5.1 Thermoplastic Polyamide

          2. 5.1.2.5.2 TPE-E - Copolyester

    2. 5.2 Application

      1. 5.2.1 Automotive

      2. 5.2.2 Medical

      3. 5.2.3 Electronics

      4. 5.2.4 Construction

      5. 5.2.5 Industrial

      6. 5.2.6 Other Applications

    3. 5.3 Geography

      1. 5.3.1 Europe

        1. 5.3.1.1 Germany

        2. 5.3.1.2 United Kingdom

        3. 5.3.1.3 Italy

        4. 5.3.1.4 France

        5. 5.3.1.5 Spain

        6. 5.3.1.6 Rest of Europe

      2. 5.3.2 Middle-East and Africa

        1. 5.3.2.1 Saudi Arabia

        2. 5.3.2.2 South Africa

        3. 5.3.2.3 United Arab Emirates

        4. 5.3.2.4 Rest of Middle-East and Africa

  6. 6. COMPETITIVE LANDSCAPE

    1. 6.1 Mergers and Acquisitions, Joint Ventures, Collaborations, and Agreements

    2. 6.2 Market Share Analysis**

    3. 6.3 Strategies Adopted by Leading Players

    4. 6.4 Company Profiles

      1. 6.4.1 Trinseo SA

      2. 6.4.2 Arkema Group

      3. 6.4.3 ARLANXEO

      4. 6.4.4 BASF SE

      5. 6.4.5 Covestro AG

      6. 6.4.6 Denka Company Limited

      7. 6.4.7 DuPont

      8. 6.4.8 Elastomer Engineering Ltd

      9. 6.4.9 Exxon Mobil Corporation

      10. 6.4.10 Grando

      11. 6.4.11 Hexpol Compounding

      12. 6.4.12 Huntsman Corporation LLC

      13. 6.4.13 Kuraray Europe GmbH

      14. 6.4.14 M.O.L Gummiverarbeitung GmbH & Co. KG

      15. 6.4.15 Teknorapex

      16. 6.4.16 Tenneco Inc.

      17. 6.4.17 Umm Al Quwain Industries LLC

      18. 6.4.18 Wanhua Group

      19. 6.4.19 Zeon Europe GmbH

      20. 6.4.20 Kumho Petrochemical

      21. 6.4.21 Synthos SA

      22. 6.4.22 Versalis SPA

      23. 6.4.23 JSR Corporation

    5. *List Not Exhaustive

  7. 7. MARKET OPPORTUNITIES AND FUTURE TRENDS

    1. 7.1 Growing Demand for Bio-based Thermoplastic Elastomers

    2. 7.2 Increasing Applications in the Medical Industry

**Subject to Availability
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EMEA Elastomers Industry Segmentation

The Europe, Middle-East and Africa (EMEA) elastomers market report includes:

Product Type
Thermoset Elastomers
Nitrile Rubber (NBR)
Carboxylated Nitriles (XNBR)
Hydrogenated Nitrile (HNBR)
Ethylene Propylene (EPR)
Fluorocarbon Elastomers (FKM)
Styrene Butadiene Rubber
Thermoplastic Elastomers
Styrenic Block Copolymers (TPS)
Styrene-Butadiene-Styrene (SBS)
Styrene-Isoprene-Styrene (SIS)
Hydrogenated Styrenic Block Copolymers (HSBC)
Other Styrenic Block Copolymers
Thermoplastic Polyolefins Blend (TPO)
Thermoplastic Vulcanizates (TPV)
Thermoplastic Polyurethanes (TPU)
Polyester
Polyether
Other Thermoplastic Polyurethanes
Other Thermoplastic Elastomers
Thermoplastic Polyamide
TPE-E - Copolyester
Application
Automotive
Medical
Electronics
Construction
Industrial
Other Applications
Geography
Europe
Germany
United Kingdom
Italy
France
Spain
Rest of Europe
Middle-East and Africa
Saudi Arabia
South Africa
United Arab Emirates
Rest of Middle-East and Africa
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EMEA Elastomers Market Research FAQs

The Europe, Middle-East and Africa (EMEA) Elastomers Market is projected to register a CAGR of greater than 4% during the forecast period (2024-2029)

ARLANXEO, Trinseo SA, Synthos SA, DuPont and BASF SE are the major companies operating in the Europe, Middle-East and Africa (EMEA) Elastomers Market.

Middle East and Africa is estimated to grow at the highest CAGR over the forecast period (2024-2029).

In 2024, the Europe accounts for the largest market share in Europe, Middle-East and Africa (EMEA) Elastomers Market.

The report covers the Europe, Middle-East and Africa (EMEA) Elastomers Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Europe, Middle-East and Africa (EMEA) Elastomers Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.

EMEA Elastomers Industry Report

Statistics for the 2024 EMEA Elastomers market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. EMEA Elastomers analysis includes a market forecast outlook to 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.

EMEA Elastomers Market Report Snapshots

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EMEA Elastomers Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)