Elastomers Applications and Global Markets, 2024-2025 and 2029, Profiles of Leading Companies - BASF SE, Dow, LG Chem, Covestro AG and Arkema

Dublin, Jan. 13, 2026 (GLOBE NEWSWIRE) -- The "Elastomers: Applications and Global Markets" report has been added to ResearchAndMarkets.com's offering.

The global market for elastomers was valued at $112.7 billion in 2024. The market is projected to grow from $120.4 billion in 2025 to reach $177.7 billion by 2030, at a compound annual growth rate (CAGR) of 8.1% from 2025 to 2030.

Increased production of lightweight automotive components, EVs, medical and consumer electronics and industrial goods offers novel prospects for elastomer manufacturing industries. Technological advances in medical practices, automobiles, consumer electronics, 3D printing and manufacturing techniques are also creating new opportunities for elastomers. For instance, using lightweight elastomers directly supports automakers' sustainability objectives by reducing fuel consumption and battery drain. Increased application and scientific research into elastomers for aerospace, aircraft, passenger vehicles, EVs, rails, ships, electric buses and lightweight commercial vehicles are creating new business opportunities for the manufacturing industry in developing nations.

Market Dynamics and Growth Factors

Advanced medical treatments and the need for biocompatible, flexible rubber drive demand for elastomers globally. Elastomer manufacturers are creating product lines in response to demand for medical devices. Biocompatible elastomers are used in the production of electrocardiography (ECG) sensors, implantable smart patches, disposable medical devices, catheter balloons, vascular grafts, IV tubes, drainage catheters and endotracheal tubes.

Demand for EVs and lightweight commercial and passenger vehicles is also impacting the elastomers market positively. Elastomers can replace some metal and ceramic compounds in vehicles, which helps manufacturers reduce their carbon footprint and meet sustainability goals.

Report Scope

The report details the various types, processes and end uses of elastomers. Estimated values are based on manufacturers' total revenue. Projected revenue values are in constant U.S. dollars and are unadjusted for inflation. The report also contains comprehensive information about elastomers and their users.

The report includes:

Key Attributes:

Market Dynamics

Emerging Technologies and Developments

Market Segments

Companies Featured

For more information about this report visit https://www.researchandmarkets.com/r/22iis1

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