Automotive Elastomers Market Analysis

Application (Tire, Exterior Application, Interior Application, Under the Hood, Weather Seal Application)

The tire segment is anticipated to dominate the automotive elastomers market share by 2037, due to rapid manufacturing of high-end vehicles and the increasing production volume of tires worldwide. It was observed that approximately 168 million tires were produced in India in 2021. A large portion of this volume was comprised of tires manufactured for trucks, buses, two-wheelers, three-wheelers, passenger cars, and light commercial vehicles. In order to improve vehicle performance, elastomers are used in the manufacture of tires. There are several intermediates that contribute to the chemical system in tire rubber which gives it the ability to seal reliably, be flexible, and be durable.

Our in-depth analysis of the global market includes the following segments:

By Type	Synthetic Elastomers Thermoplastic Elastomers
By Application	Tire, Exterior Application Interior Application Under the Hood Weather Seal Application Others

Frequently Asked Questions (FAQ)

In the year 2025, the industry size of automotive elastomers is assessed at USD 38.46 billion.

The automotive elastomers market size was valued at USD 36.5 billion in 2024 and is likely to cross USD 84.81 billion by 2037, expanding at more than 6.7% CAGR during the forecast period i.e., between 2025-2037. Rapid expansion of automobile industry, increased demand and adoption of fuel-efficient vehicles, and ongoing trend of electrification of vehicle will drive the market growth.

Asia Pacific industry is anticipated to hold largest revenue share of 31% by 2037, impelled by increasing auto components industry in the region.

The major players in the market include Huntsman International LLC, The Dow Chemical Company, LANXESS, BASF SE, Exxon Mobil Corporation, E. I. du Pont de Nemours and Company, Motherson Automotive Elastomer Technology, Covestro AG, Kuraray Elastomer Division, Continental AG

Automotive Elastomers Market Analysis