The global automotive elastomers market is predicted to grow significantly in the coming years, which is ascribed to the expanding automotive industry, strict emission regulations, surging emphasis on lightweight materials, and rising requirement for high-efficiency vehicles. Elastomer are materials that are made of polymers which are joined by chemical bonds, acquiring a final slightly cross-linked structure. In terms of type, the market is bifurcated into synthetic elastomers and thermoplastic elastomers, among which, the synthetic elastomers accounted for the major share of the market, in terms of volume,in the past.

The different types of synthetic elastomers are silicone rubber, styrene butadiene rubber, chloroprene rubber, ethylene propylene diene monomer, fluoroelastomers, and nitrile butadiene rubber. The thermoplastic elastomers are expected to advance at a faster pace in the coming years, in terms of volume, in the automotive elastomers market. The various types of thermoplastic elastomers are polyether block amide, styrene block co-polymer, co-polyester ether, thermoplastic polyolefin (TPO), thermoplastic vulcanizers, and thermoplastic polyurethanes, among which, the TPO type is projected to hold the largest share of the market in the near future. 

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When application is taken into consideration, the automotive elastomers market is categorized into molded parts, exterior, weather seal, interior, and under hood. The exterior category dominated the market in the past, in terms of value, and is further expected to account for the largest share of the market in the coming years. This is because automotive elastomers are utilized in several exterior automotive applications including body side cladding, exterior belt-line seal, wheel trims, and pillar seal. The fastest growth is predicted to be registered by the interior category in the near future.

One of the major driving factors of the automotive elastomers market is the growing demand for high-efficiency vehicles. Automotive emissions, which comprise Sulphur dioxide and carbon monoxide, are contributing significantly to the surging environmental pollution. Ascribed to this, the requirement for vehicles with enhanced fuel efficiency and lower emissions is rising. The government of different countries have imposed strict emission control regulations for reducing the greenhouse gas emissions from the vehicles. This is predicted to result in rising demand for fuel-efficient vehicles, which will further drive the growth of the market.

The increasing emphasis on lightweight materials is another primary driving factor of the automotive elastomers market. The utilization of lightweight materials can significantly improve the fuel efficiency of vehicles. Because of this, lightweight materials, including aluminum, plastic, and composites, are increasingly being used by automotive manufacturers instead of steel and rubber in assembly lines. Since elastomers are used in various applications, such as under the hood, interior, hose, exterior, gasket, and sealing, their demand is expected to increase with the growing demand for lightweight automotive parts.

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