Automotive Elastomers Market Segmentation:
Application Segment Analysis
The tire segment is anticipated to dominate the automotive elastomers market share by 2034, 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:
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Frequently Asked Questions (FAQ)
In the year 2025, the industry size of automotive elastomers is evaluated at USD 37.27 billion.
Automotive Elastomers Market size was over USD 35.66 billion in 2024 and is projected to reach USD 59.77 billion by 2034, growing at around 5.3% CAGR during the forecast period i.e., between 2025-2034.
Asia Pacific is projected to dominate largest industry share by 2034.
The key market players 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
