India Elastomers Market Outlook 2028 By Size, Share, Trends, Growth Forecast & Opportunities

Summary

Report Description

India elastomers market is expected to grow at CAGR of 8.41% until 2028 to reach USD2519.16 million by 2028. This can be ascribed to the growing utilization of elastomers in automotive industry due to its characteristic properties such as high-performance and light weight. Increasing sales of automobile are driving the vehicle production which in turn is positively influencing the demand of the elastomer 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 demand-supply of elastomers in India, Reliance Industries Ltd. has started trading of Ethyl Vinyl Acetate (EVA) to 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 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 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, rising usage of strong, durable, and flexible products for various land and air adventure sports applications made up of elastomers is likely to boost the 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 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 tire, Conveyor Belts and Sports Wear, as well as expanding population, changing lifestyles, economic expansion, and rising per capita income. Based on Application market is segmented into Tires, Automotive Components, Conveyor Belts, Sports Wear and Others. Based on region west dominated the market because of broad use and acceptance of Elastomers.

Company Profiles

Reliance Industries LTD, Indian Synthetic Rubber, Exxon Mobil, LANXESS Chemical Company, Kumho Petrochemical Co., Ltd, Apcotex Industries Ltd., among others are the leading companies in the India Elastomers Market.

Attribute	Details
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 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

Available Customizations:

With the given market data, TechSci Research offers customizations according to a company’s specific needs. The following customization options are available for the report:

Company Information

Detailed analysis and profiling of additional market players (up to five).

Table of content

1. Product Overview

2. Research Methodology

3. Executive Summary

4. Impact of COVID-19 on India Elastomers Market

5. 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)

6. 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

7. 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

8. 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

9. 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

10. 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

11. Market Dynamics

11.1. Drivers

11.2. Challenges

12. Market Trends & Developments

13. Policy & Regulatory Landscape

14. India Economic Profile

15. 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

16. Strategic Recommendations

17. About Us & Disclaimer

Note: The data given for any year represents the market during the period, i.e., 1st April of the previous year to 31st March of that year. eg: For 2023E, the data represents the period, 1st April 2022 to 31st March 2023

Figures and Tables

List of Figures:

Figure 1: India Elastomers Market Size, By Value (USD Million) & Volume (Thousand Tonnes), 2018-2028F

Figure 2: India Elastomers Market Share, By Type, By Volume (Thousand Tonnes), 2018-2028F

Figure 3: India Elastomers Market Share, By Application, By Volume (Thousand Tonnes), 2018-2028F

Figure 4: India Elastomers Market Share, By Region, By Volume (Thousand Tonnes), 2018-2028F

Figure 5: India Elastomers Market Share, By Company, By Value, 2022

Figure 6: India Elastomers Market Map, By Type, Market Size (USD Million) & Growth Rate (%), 2022

Figure 7: India Elastomers Market Map, By Application, Market Size (USD Million) & Growth Rate (%), 2022

Figure 8: India Elastomers Market Map, By Region, Market Size (USD Million) & Growth Rate (%), 2022

Figure 9: India Styrene Butadiene Rubber Market Size, By Value (USD Million) & Volume (Thousand Tonnes), 2018-2028F

Figure 10: India Styrene Butadiene Rubber Market Share, By Application, By Volume (Thousand Tonnes), 2018-2028F

Figure 11: India Styrene Butadiene Rubber Market Share, By Region, By Volume (Thousand Tonnes), 2018-2028F

Figure 12: India Polybutadiene Rubber Market Size, By Value (USD Million) & Volume (Thousand Tonnes), 2018-2028F

Figure 13: India Polybutadiene Rubber Market Share, By Application, By Volume (Thousand Tonnes), 2018-2028F

Figure 14: India Polybutadiene Rubber Market Share, By Region, By Volume (Thousand Tonnes), 2018-2028F

Figure 15: India Butyl Rubber Rubber Market Size, By Value (USD Million) & Volume (Thousand Tonnes), 2018-2028F

Figure 16: India Butyl Butadiene Rubber Market Share, By Application, By Volume (Thousand Tonnes), 2018-2028F

Figure 17: India Butyl Butadiene Rubber Market Share, By Region, By Volume (Thousand Tonnes), 2018-2028F

Figure 18: India Nitrile Rubber Market Size, By Value (USD Million) & Volume (Thousand Tonnes), 2018-2028F

Figure 19: India Nitrile Rubber Market Share, By Application, By Volume (Thousand Tonnes), 2018-2028F

Figure 20: India Nitrile Rubber Market Share, By Region, By Volume (Thousand Tonnes), 2018-2028F

Figure 21: India Ethylene Propylene Diene Monomer Rubber {EPDM} Market Size, By Value (USD Million) & Volume (Thousand Tonnes), 2018-2028F

Figure 22: India Ethylene Propylene Diene Monomer Rubber {EPDM} Market Share, By Application, By Volume (Thousand Tonnes), 2018-2028F

Figure 23: India Ethylene Propylene Diene Monomer Rubber {EPDM} Market Share, By Region, By Volume (Thousand Tonnes), 2018-2028F

Frequently asked questions

Which type of Elastomers dominate the India Elastomers Market?

Styrene Butadiene Rubber (SBR) dominates the market in terms of type, owing to an increase in demand from diverse applications in tire, automotive components, and sport wear.

What will be the market size India Elastomers Market in 2028?

The India Elastomers Market is expected to register a growth of around 8.41% and reach USD2519.16 million by 2028 on account of increased demand from automotive, and pharma industries.

What are the major factors hindering the growth of India Elastomers Market?

The main factors hampering the expansion of the India Elastomers Market are Growing environmental issues, like the biodegradability of elastomers, are anticipated to provide significant hurdles in India. In addition, elastomers have a lower melting point than natural fibers and burn more quickly.