Market Size of Europe, Middle-East and Africa (EMEA) Elastomers Industry
| 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 |
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*Disclaimer: Major Players sorted in no particular order |
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 Industry Segmentation
The Europe, Middle-East and Africa (EMEA) elastomers market report includes:
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Europe, Middle-East and Africa (EMEA) Elastomers Market Size Summary
The EMEA elastomers market is poised for steady growth, driven primarily by rising demand from the automotive and HVAC sectors. Thermoplastics lead the market due to their advantageous properties such as high heat resistance, flexibility, and chemical resistance, making them ideal for various applications. The HVAC industry, in particular, benefits from these elastomers due to their ability to maintain structural integrity and performance in diverse temperature conditions. The increasing focus on energy efficiency and the need for advanced HVAC systems are expected to further boost elastomer consumption. Additionally, the demand for bio-based thermoplastic elastomers presents a promising opportunity for future market expansion.
Europe holds a dominant position in the EMEA elastomers market, with significant consumption in countries like Germany and France. The region's robust construction and automotive industries, coupled with technological advancements, are key contributors to market growth. The German electronics sector, being the largest in Europe, also plays a crucial role in increasing elastomer applications due to the rising use of microelectronic devices. Despite the market's fragmentation in the Middle-East and Africa, major players like DuPont, BASF SE, and ARLANXEO continue to influence the market landscape. Overall, the EMEA elastomers market is expected to experience sustained growth, supported by these diverse industrial demands and regional strengths.
Europe, Middle-East and Africa (EMEA) Elastomers Market Size - Table of Contents
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1. MARKET DYNAMICS
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1.1 Drivers
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1.1.1 Increasing Demand for Electric Vehicles
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1.1.2 Increasing Application from the HVAC Industry
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1.2 Restraints
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1.2.1 Volatility in Raw Material Prices
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1.2.2 Intra-elastomer Segment Replacement
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1.3 Industry Value-Chain Analysis
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1.4 Porter's Five Forces Analysis
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1.4.1 Bargaining Power of Suppliers
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1.4.2 Bargaining Power of Consumers
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1.4.3 Threat of New Entrants
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1.4.4 Threat of Substitute Products and Services
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1.4.5 Degree of Competition
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1.5 Policies and Regulations
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2. MARKET SEGMENTATION
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2.1 Product Type
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2.1.1 Thermoset Elastomers
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2.1.1.1 Nitrile Rubber (NBR)
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2.1.1.1.1 Carboxylated Nitriles (XNBR)
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2.1.1.1.2 Hydrogenated Nitrile (HNBR)
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2.1.1.2 Ethylene Propylene (EPR)
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2.1.1.3 Fluorocarbon Elastomers (FKM)
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2.1.1.4 Styrene Butadiene Rubber
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2.1.2 Thermoplastic Elastomers
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2.1.2.1 Styrenic Block Copolymers (TPS)
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2.1.2.1.1 Styrene-Butadiene-Styrene (SBS)
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2.1.2.1.2 Styrene-Isoprene-Styrene (SIS)
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2.1.2.1.3 Hydrogenated Styrenic Block Copolymers (HSBC)
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2.1.2.1.4 Other Styrenic Block Copolymers
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2.1.2.2 Thermoplastic Polyolefins Blend (TPO)
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2.1.2.3 Thermoplastic Vulcanizates (TPV)
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2.1.2.4 Thermoplastic Polyurethanes (TPU)
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2.1.2.4.1 Polyester
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2.1.2.4.2 Polyether
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2.1.2.4.3 Other Thermoplastic Polyurethanes
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2.1.2.5 Other Thermoplastic Elastomers
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2.1.2.5.1 Thermoplastic Polyamide
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2.1.2.5.2 TPE-E - Copolyester
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2.2 Application
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2.2.1 Automotive
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2.2.2 Medical
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2.2.3 Electronics
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2.2.4 Construction
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2.2.5 Industrial
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2.2.6 Other Applications
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2.3 Geography
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2.3.1 Europe
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2.3.1.1 Germany
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2.3.1.2 United Kingdom
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2.3.1.3 Italy
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2.3.1.4 France
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2.3.1.5 Spain
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2.3.1.6 Rest of Europe
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2.3.2 Middle-East and Africa
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2.3.2.1 Saudi Arabia
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2.3.2.2 South Africa
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2.3.2.3 United Arab Emirates
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2.3.2.4 Rest of Middle-East and Africa
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Europe, Middle-East and Africa (EMEA) Elastomers Market Size FAQs
What is the current Europe, Middle-East and Africa (EMEA) Elastomers Market size?
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)
Who are the key players in Europe, Middle-East and Africa (EMEA) Elastomers Market?
ARLANXEO, Trinseo SA, Synthos SA, DuPont and BASF SE are the major companies operating in the Europe, Middle-East and Africa (EMEA) Elastomers Market.
