Automotive Elastomers Market Regional Analysis:
Asia Pacific Market Insights
The Asia Pacific region automotive elastomers market is expected to account for largest revenue share by the end of 2034. The increasing auto components industry in the region. For instance, in March 2022, the automobile component industry had a turnover of USD 56 billion, an increase of 22% over the previous year. To a total of USD 18 billion, exports of auto components increased by 42% in FY22. Moreover, the rapid growth of the automotive industry, the largest vehicle production in emerging economies such as India and China, and the affordability of raw materials and labor are expected to drive the regional market over the forecast period.
Browse key industry insights with market data tables & charts from the report:
Frequently Asked Questions (FAQ)
In the year 2025, the industry size of automotive elastomers is evaluated at USD 37.27 billion.
Automotive Elastomers Market size was over USD 35.66 billion in 2024 and is projected to reach USD 59.77 billion by 2034, growing at around 5.3% CAGR during the forecast period i.e., between 2025-2034.
Asia Pacific is projected to dominate largest industry share by 2034.
The key market players include Huntsman International LLC, The Dow Chemical Company, LANXESS, BASF SE, Exxon Mobil Corporation, E. I. du Pont de Nemours and Company, Motherson Automotive Elastomer Technology, Covestro AG, Kuraray Elastomer Division, Continental AG
