Europe Elastomers market – Segmented by Product type, Application and Geography – Trends and Forecasts (2015-2020)
The Europe Elastomers Market has grown evidently during the past few years and is expected to grow at a healthy pace in the next five years, driven by cost effectiveness and adaptability of Elastomers in major end-user markets. China shared about 25% of the Elastomers demand in 2014. Consumption and revenue generation of Elastomers is seen to be high in APAC, followed by the North American region. Europe Elastomers production is currently estimated to be XX million tonnes in 2014 and is expected to reach XX million tonnes by 2020 showing a compound annual growth rate of XX%. Germany will remain the largest market and will grow the fastest in the Europe. Growing segments such as bio TPEs are emerging commercially and would be very effective due to cleanliness of the bio material and harmless wastage that they may leave, in future. Elastomers are used in an increasing number of markets – from Automobiles, Sports goods, electronics, Industrial products, Adhesives and a number of other segments. Competitive scenario and market shares of the major players in the Market are discussed in detail. We have also profiled leading players of this industry with their recent developments and other strategic initiatives in the industry. These include : Kraton Polymer LLC (US), BASF SE (Germany), 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), Teknor Apex Company (U.S.), EMS Group (U.S.), Lubrizol Corporation (U.S.) and other market players. Drivers The study indicates that the growing demand from automotive industry is the main driver for the elastomers market. Also, advancement in Processing Industry and growing purchasing power in the developing economies are anticipated to boost the industry. CAmong the elastomers the thermoplastic elastomers are expected to show more growth relatively mainly due the diverse range of its applications and increasing R&D efforts. Challenges The industry is expected to face certain challenges such as fluctuation of crude oil prices, and product commoditization. Other major concern is the market saturation in applications for elastomers. What the report contains The report elucidates the situation of elastomers around the world and studies the markets of the elastomers product type which include Nitrile rubber (NBR), Ethylene Propylene (EPR), Fluorocarbon Elastomers (FKM), Styrenic block copolymers (TPS), Polyolefin blends (TPO), Elastomeric alloys (TPV), Thermoplastic polyurethanes (TPU) and others. Lastly, the report is divided by countries - Germany, United Kingdom, Italy, France and rest of Europe; where-in the market share of each region is analyzed and estimates are provided for the next 5 years. The various applications of elastomers have been discussed in detail in addition to a comprehensive overview of the market.