Global Elastomers market - Segmented by Product type, Application and Geography - Trends and Forecasts (2015-2020) - Reportlinker Review
NEW YORK, Sept. 17, 2015 /PRNewswire/ -- The Global Elastomers market is expected to grow at a healthy pace during the forecast period. The market is driven by cost effectiveness and adaptability of Elastomers in major end-user markets. Asia pacific region leads in consumption and revenue generation, followed by the North America.
Global Elastomers production is estimated to be 7.31 million tonnes. The market is expected to grow at a CAGR of 5%, to reach a production capacity of 9.8 million tonnes by 2020. The Asia Pacific region will remain the largest market and will continue to grow at a fast pace.
Elastomers are used in a wide range of markets including Automobiles, Sports goods, electronics, Industrial products and Adhesives. Some of the major players include Kraton Polymer LLC (US), BASF SE (Germany), TSRC Corp (Taiwan), Huntsman Corporation (U.S.), The DOW Chemical Company (U.S), Arkema SA (France), Evonik Industries AG (Germany), Advanced Elastomer Systems (U.S.), Polyone Corporation (U.S.), Lyondellbasell Industries N.V. (The Netherlands), L.G. CHEM Ltd (South Korea), Teknor Apex Company (U.S.), EMS Group (U.S.), Yantai Wanhua Polyurethane Co. Ltd (China) and Lubrizol Corporation (U.S.).
Drivers
The study indicates that the growing demand from automotive industry is the main driver for the elastomers market. Advancement in processing industry and growing purchasing power in the developing economies are also anticipated to boost the industry. China is currently the most attractive market for Elastomers in the world and will be the principal driver of the global demand during the forecast period.
Challenges
The industry is expected to face certain challenges such as fluctuations in crude oil prices, product commoditization and market saturation in applications for elastomers.
SPECIALITIES OF THIS REPORT
1) The report will be useful in gaining an exhaustive understanding of the regional market. It will also be of assistance in providing a comprehensive analysis of the major trends, innovations and associated prospects for market growth over the coming half a decade
2) The report will be an ideal source material for industry consultants, manufacturers and other interested and allied parties to gain a critical insight into the factors driving and restraining the market, in addition to opportunities offered.
3) The report contains wide range of information about the leading market players and the major strategies adopted by them.
What the report offers
1) Market Definition along with identification of key drivers and restraints for the market.
2) Market analysis with region specific assessments and competition analysis on a global and regional scale.
3) Identification of factors instrumental in changing the market scenarios, rising prospective opportunities and identification of key companies which can influence the market on a global and regional scale.
4) Extensively researched competitive landscape section with profiles of major companies along with their strategic initiatives and market shares.
5) Identification and analysis of the Macro and Micro factors that affect the industry on both global and regional scale.
6) A comprehensive list of key market players along with the analysis of their current strategic interests and key financial information.
Read the full report: http://www.reportlinker.com/p03281944-summary/view-report.html
About Reportlinker
ReportLinker is an award-winning market research solution. Reportlinker reviews, finds and organizes the latest industry data so you get all the market research you need - instantly, in one place.
http://www.reportlinker.com
__________________________
Contact Clare: [email protected]
US: (339)-368-6001
Intl: +1 339-368-6001
SOURCE Reportlinker
Share this article