GITNUX MARKETDATA REPORT 2024
Elastomers Industry Statistics
The Elastomers Industry Statistics provide key insights and trends on production, consumption, market size, and key players within the elastomers market.
Statistic 1
"The global elastomers market size was valued at $87.6 billion in 2020."
Statistic 2
"The tire and tube industry remained the largest consumer of elastomers, with over 50% of the market share in 2020."
Statistic 3
"U.S. elastomers market is estimated to report a revenue generation of over $12 billion by 2027."
Statistic 4
"The usage of elastomers in electric vehicles (EVs) is projected to grow by 10% annually through 2028."
Statistic 5
"North America is projected to witness a significant growth rate of 5.5% CAGR during the forecast period."
Statistic 6
"APAC accounted for over 40% of the global elastomers market in 2020."
Statistic 7
"The footwear segment of the elastomers market constituted around 15% of the demand in 2020."
Statistic 8
"The global natural rubber production was approximately 13.9 million metric tons in 2020."
Statistic 9
"The automotive segment held the largest revenue share of over 35% in 2020."
Statistic 10
"Technological advancements in the production of bio-based elastomers are driving market growth."
Statistic 11
"China's production capacity of synthetic rubber (a key type of elastomer) reached around 6 million metric tons in 2020."
Statistic 12
"The specialty elastomers sector is expected to surpass $25 billion by 2025."
Statistic 13
"The medical industry is expected to witness the fastest growth in elastomer consumption with a CAGR of 6.5% from 2021 to 2028."
Statistic 14
"The European elastomers market was valued at around €20 billion in 2020."
Statistic 15
"The industrial machinery segment is anticipated to register a CAGR of 4.5% from 2021 to 2028."
Statistic 16
"The EPDM elastomer segment is projected to grow at a CAGR of 7.2% from 2021 to 2028."
Statistic 17
"The market is expected to grow at a CAGR of 5.8% from 2021 to 2028."
Statistic 18
"The global demand for silicone elastomers was valued at $7.5 billion in 2020."
Statistic 19
"Global elastomers market from construction applications is expected to grow at a CAGR of 5.3% during the period 2021-2026."
Statistic 20
"Thermoplastic elastomers (TPEs) accounted for a market share of approximately 30% in 2020."
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