Market Overview:
Automotive Elastomers are produced by cross-linking of carbon, hydrogen and oxygen atoms which offers significant properties such as excellent flexibility, elongation, and durable nature to the finished material. Moreover, they also provide versatility and reliability to the product.
The Global Automotive Elastomers Market has been driven by the range of its application in various sectors such as automotive, construction, aviation, footwear, electrical & electronics and others. Moreover, it is estimated that the construction segment is set to witness the highest growth in the market due to the growing consumption of thermoplastic materials in the sector over the forecast period.

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Top Global Players:
Some of the Major Players functioning in the Global Automotive Elastomers Market are: BASF SE (Germany), ARLANXEO (the Netherlands), The Dow Chemical (U.S.), Exxon Mobil Corporation (U.S.), DuPont (U.S.), SABIC (Saudi Arabia), 3M ( U.S.), Huntsman International LLC (U.S.), LyondellBasell Industries Holdings B.V. (the Netherlands), and Asahi Kasei (Japan), among others.

Market Segmentation:
The Global Automotive Elastomers Market is categorized into the Type, Application, and End User:
By Type- Natural Rubber, Styrene Butadiene Rubber, Nitrile Elastomer, Ethylene Propylene Diene Monomer, Silicone Rubber, Fluoroelastomers, Styrene Block Copolymers, Thermoplastic Polyurethane (Tpu), Thermoplastic Vulcanizates (Tpv), Thermoplastic Polyester Elastomer (Tpc)
By Application- Tire and Non-Tire
By End User- Automotive, Construction, Aviation, Footwear, Electrical & Electronics, etc.

Regional Analysis:
Geographically, Global Automotive Elastomers Market is segmented across Five Regions in the world namely: Asia Pacific, North America, Europe, Latin America, Middle East & Africa.
Among these, Asia Pacific holds the major portion of the global market and is anticipated to continue its dominance due to rising demand for thermoplastic materials in various applications. Countries such as China, Japan and India are the major players in this region.
The North America region is estimated to witness a higher growth in the U.S., Canada and Mexico owing to increasing demand for lightweight materials in automotive, construction, aviation, electrical & electronics, and others. The enactment of new rules and regulations set by the European Union has driven the manufacturers to use efficient and high performance materials in the end-use industries.
The Middle East & Africa is estimated to observe a significant growth due to increasing consumption of low density materials in aviation, industrial, medical, and others. Additionally, the growing demand for elastic and resilience materials is projected to boost the market in the Latin American region.

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