Pune, India -- (SBWIRE) -- 06/18/2018 -- Global Automotive Elastomers Market – Overview
Automotive Elastomers are Elastic Polymers used for manufacturing automotive parts ranging from flooring to roofing like tires, flooring, gaskets, belts, tube, door grommets, engine grommet, and dash panel grommet. Additionally several protectors, covers and mouse stabilizer bars etc. used in an automobile for meeting the diverse range of performance, processing, and economic requirements for various high endurance applications.
These Elastomers come in hard & soft state, suitable to be used for interior and exterior body-molded parts meeting the demands for a paintable, lightweight material that can be easily processed improving performance & aesthetics qualities of an automobile. Automotive Elastomers are made combining the processing ability of plastics with the flexibility and toughness of rubber that offers a product with excellent impact resistance.
Automotive Elastomer offer a product high durability, excellent flexibility, exceptional tensile strength and chemical & impact resistance. Hence they are used in the manufacturing of various products such as high resilience foam and insulation resilience Advantageous properties of these elastomers is the key factor influencing the market growth pervasively.
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Worldwide Automotive Elastomers Market – Competitive Analysis
The Global Automotive Elastomers Market appears to be highly competitive and diversified with the presence of many well established players having regional and global presence. Innovation, Product Launch, M&A activities along with the brand reinforcement remain the key trends for leading players in the smart camera market.
Industry/ Innovation/ Related News:
February 02, 2018 – Eagle Elastomer Inc. (US) one of the leading global player announced its plans of manufacturing unit expansion. For which the company is investing USD 1.25 million into a 15,900-sq.-ft. expansion including new automated planners, new extrusion cutting equipment and marking equipment etc.
Worldwide Automotive Elastomers Market – Regional Analysis
Asia Pacific is the largest and the fastest growing market for Automotive Elastomers globally. This growth attributes to the growing shift towards lightweight tires in automotive, & aerospace sectors. The continuous rise of automotive industry in this region is projected to continue fetching major demand for the Automotive Elastomer in this region. Therefore, countries such as China, Japan and India are the major players in this market.
North America is closely following Asia Pacific to be the second most significant region in the Global Automotive Elastomer Market. Growing demand from automotive industry are driving the growth of the regional Market. Aircraft and automotive industry are the two dominant segments consuming major share of the total demand for Automotive Elastomer. The North America region is growing significantly due to the increased consumption of low density materials in electrical & electronics, medical, and others. It is predicted that growing investments in the end-use industries is likely to drive the market in the region during the forecast period.
These elastomers provide excellent elasticity, stability and wear resistance to the product. The growing consumption of lightweight tires in Automotive & Aerospace industry has propelled the market growth in the countries such as the US, Canada and Mexico.
Europe is another substantial market in the Global Automotive Elastomer Market. The demand for the material from this region is majorly pulled by automobile industry for making lightweight tires. Simultaneously, implementation of new rules and regulations proposed by the government to follow lightweight and re resins in the industry has provided impetus to the market growth to an extent.
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