India elastomers market is expected to grow at a CAGR of 8.41% until 2028 to reach USD2519.16 million by 2028. This can be ascribed to the growing utilization of elastomers in the automotive industry due to their characteristic properties such as high performance and lightweight. Increasing sales of automobiles are driving vehicle production which in turn is positively influencing the demand for elastomers in the country.
Over the forecast period, the market is expected to rise due to rising consumer demand for cost-effective and durable materials to maintain the demand-supply of elastomers in India, Reliance Industries Ltd. has started trading Ethyl Vinyl Acetate (EVA) in the Indian market. Indian manufacturers are importing Ethyl Vinyl Acetate from China and selling the material after branding, this is to meet the industry demand and trail to understand the market and behavior of end-use industry before producing Ethyl Vinyl Acetate (EVA) in India.
Furthermore, product application in a variety of industries, including tire, automotive components, Sports Wear, Conveyor Belts, and others, is likely to drive the market in the upcoming years. The properties offered by these products, such as low-temperature flexibility, hardness, aging, and elongations are likely to boost their demand during the forecast period.
The market is strongly reliant on demand and shifting customer preferences, particularly in the tire and automotive components industries. Over the forecast period, the rising usage of strong, durable, and flexible products for various land and air adventure sports applications made up of elastomers is likely to boost market growth. Most industry players are using recycling, and advanced technology approaches.
It involves the use of antimicrobial composites made from recycled secondary raw materials derived from synthetic rubber waste. As a result of growing environmental and health concerns around the world, this trend is likely to continue during the forecast period.
Rising Automotive Industry to Propel Elastomer Demand
Because of the increased consumer preference for lightweight vehicles with excellent performance, plastic innovation in the automobile industry is a major driving force. As a result, the need for elastomers has increased to manufacture innovative and fuel-efficient automobiles. Compared to thermosets, the product has low fabrication costs, a quicker processing time, and more design flexibility, resulting in widespread acceptance.
Elastomers are in More Demand than Natural Rubber
Natural Butadiene rubber has been replaced by elastomers, which have elastic qualities and can be processed like plastic. Elastomers can also be utilized to replace PVC in recreational and toy equipment, making it more eco-friendly. Because of their thermoplastic nature, elastomers may be recycled, making them a “green” offering to the planet. Manufacturers are scrambling to use elastomers in a variety of applications as demand for the polymer grows quickly. The usage of elastomers in toy production is likely to increase in the future years, from sports plastics to leisure toys like flying discs.
Demand from Various Sectors
Elastomers are expected to grow significantly in the next years, thanks to rising demand from a variety of end-use industries, including mining, automotive and transportation, equipment, medical, and oil and gas. Elastomers can be molded into a variety of durometer hardness to satisfy the needs of a particular application. Hot polyurethane elastomers are utilized extensively in the mining sector for mineral processing applications such as separating screens, conveyor scrapers, and other components. Polyurethane elastomers’ high load-bearing capacity, abrasion resistance, resilience, and impact strength qualities enable mining equipment to function better and endure longer. The elastomers market will also benefit from rising output in the mining industry.
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Market Segmentation
The India Elastomers Market is segmented based on Type, Application, and Region. Based on type the market is divided into Styrene Butadiene Rubber, Polybutadiene Rubber, Butyl Rubber, Nitrile Butadiene Rubber, Ethylene Propylene Diene Monomer Rubber {EPDM}). Styrene Butadiene Rubber (SBR) dominated the market in terms of type, owing to an increase in demand from diverse applications in the tire, Conveyor Belts and Sports Wear, as well as expanding population, changing lifestyles, economic expansion, and rising per capita income. Based on the Application market is segmented into Tires, Automotive Components, Conveyor Belts, Sports Wear, and Others. Based on region west dominated the market because of the broad use and acceptance of Elastomers.
Company Profiles
Reliance Industries LTD, Indian Synthetic Rubber, Exxon Mobil, LANXESS Chemical Company, Kumho Petrochemical Co., Ltd, and Apcotex Industries Ltd., among others, are the leading companies in the India Elastomers Market.
| Attribute | Details |
| The market size value in 2022 | USD 1561.63 Million |
| Revenue Forecast in 2028 | USD 2519.16 Million |
| Growth Rate | 8.41% |
| Base Year | 2022 |
| Historical Years | 2018 – 2021 |
| Estimated Year | 2023 |
| Forecast Period | 2024 – 2028 |
| Quantitative Units | Revenue in USD Million and Volume in Thousand Tonnes, and CAGR for 2018-2022 and 2023-2028 |
| Report Coverage | Revenue forecast, company share, competitive landscape, growth factors, and trends |
| Segments Covered | · Type· Application· Region |
| Key Companies Profiled | Reliance Industries LTD, Indian Synthetic Rubber, Exxon Mobil, LANXESS Chemical Company, Kumho Petrochemical Co., Ltd, Novokramatorsky Mashinostroitelny Zavod (NKMZ), Apcotex Industries Ltd., Japan Synthetic Rubber Co., Ltd., LG Chem, Sinopec Engineering |
| Customization Scope | 10% free report customization with purchase. Addition or alteration to country, regional & segment scope. |
| Pricing and Purchase Options | Avail customized purchase options to meet your exact research needs. Explore purchase options |
| Delivery Format | PDF and Excel through Email (We can also provide the editable version of the report in PPT/pdf format on special request) |
Report Scope:
In this report, India Elastomers Market has been segmented into the following categories, in addition to the industry trends which have also been detailed below:
- India Elastomers Market, By Type:
- Styrene Butadiene Rubber
- Polybutadiene Rubber
- Butyl Rubber
- Nitrile Butadiene Rubber
- Ethylene Propylene Diene Monomer Rubber {EPDM}
- India Elastomers Market, By Application:
- Tire
- Gloves
- Automotive Components
- Conveyor Belts
- Sports Wear
- Retread
- Construction
- Electronics and Electricals
- Vibration Proof Rubber
- Pharma
- Others
- India Elastomers Market, By Region:
- West
- South
- North
- East
Competitive Landscape
Company Profiles: Detailed analysis of the major companies present in India Elastomers Market
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Table of Content
- Product Overview
- Research Methodology
- Executive Summary
- Impact of COVID-19 on India Elastomers Market
- India Elastomers Market Outlook, 2018-2028F
5.1. Market Size & Forecast
5.1.1. By Value& Volume
5.2. Market Share & Forecast
5.2.1. By Type (Styrene Butadiene Rubber, Polybutadiene Rubber, Butyl Rubber, Nitrile Butadiene Rubber, Ethylene Propylene Diene Monomer Rubber {EPDM})
5.2.2. By Application (Tire, Gloves, Automotive Components, Conveyor Belts, Sports Wear, Retread, Construction, Electronics and Electricals, Vibration Proof Rubber, Pharma and Others)
5.2.3. By Region (West, South, North and East)
5.2.4. By Company (2022)
- India Styrene Butadiene Rubber Market Outlook
6.1. Market Size & Forecast
6.1.1. By Value & Volume
6.2. Market Share & Forecast
6.2.1. By Application
6.2.2. By Region
- India Polybutadiene Rubber Market Outlook
7.1. Market Size & Forecast
7.1.1. By Value & Volume
7.2. Market Share & Forecast
7.2.1. By Application
7.2.2. By Region
- India Butyl Rubber Market Outlook
8.1. Market Size & Forecast
8.1.1. By Value & Volume
8.2. Market Share & Forecast
8.2.1. By Application
8.2.2. By Region
- India Nitrile Butadiene Rubber Market Outlook
9.1. Market Size & Forecast
9.1.1. By Value & Volume
9.2. Market Share & Forecast
9.2.1. By Application
9.2.2. By Region
- India Ethylene Propylene Diene Monomer Rubber (EPDM) Market Outlook
10.1. Market Size & Forecast
10.1.1. By Value & Volume
10.2. Market Share & Forecast
10.2.1. By Application
10.2.2. By Region
- Market Dynamics
11.1. Drivers
11.2. Challenges
- Market Trends & Developments
- Policy & Regulatory Landscape
- India Economic Profile
- Competitive Landscape
15.1. Reliance Industries LTD
15.2. Indian Synthetic Rubber
15.3. Exxon Mobil
15.4. LANXESS Chemical Company
15.5. Kumho Petrochemical Co., Ltd
15.6. Novokramatorsky Mashinostroitelny Zavod (NKMZ)
15.7. Apcotex Industries Ltd.
15.8. Japan Synthetic Rubber Co., Ltd.
15.9. LG Chem
15.10. Sinopec Engineering
- Strategic Recommendations
- About Us & Disclaimer