Automotive Elastomers Market Analysis

Application (Tire, Exterior Application, Interior Application, Under the Hood, Weather Seal Application)

The global automotive elastomers market is segmented and analyzed for demand and supply by application into the tire, exterior application, interior application, under the hood, weather seal application, and others. Among these segments, the tire segment is anticipated to capture the largest market size in the global market owing to the 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: