Product Code: ETC4511065 | Publication Date: Jul 2023 | Product Type: Report | |
Publisher: 6Wresearch | No. of Pages: 85 | No. of Figures: 45 | No. of Tables: 25 |
The India elastomers market import shipment experienced a significant decline with a CAGR of -13.9% from 2020 to 2024. The growth rate between 2023 and 2024 further dropped by -27.1%, indicating a continued contraction. The market exhibited a clear trend of decline and deceleration over the period.
Elastomers are essential in numerous applications, from tires to industrial machinery. The India Elastomers market continues to expand with the growth of various manufacturing sectors.
The elastomers market in India is primarily propelled by the automotive and construction industries. Elastomers are indispensable in the automotive sector for manufacturing tires, gaskets, seals, and various components that require elasticity and durability. The construction industry also relies on elastomers for seals and insulation materials. With the ongoing urbanization and infrastructure development in India, the demand for elastomers is on the rise. Furthermore, the elastomers market is influenced by innovations in eco-friendly and bio-based elastomers to align with sustainability goals.
This market faces challenges related to developing elastomers with specific properties for various applications, including automotive, construction, and healthcare. Meeting quality and regulatory standards is crucial.
The India Elastomers market, catering to various industries such as automotive, construction, and healthcare, experienced a mixed impact due to COVID-19. While the automotive sector faced disruptions in production and demand, the healthcare sector witnessed increased demand for elastomeric materials used in gloves, masks, and medical devices. Manufacturers had to adapt to changing dynamics and ensure the supply of elastomers for essential products while navigating through challenging market conditions. The resilience of this market was evident in its ability to recover as different sectors rebounded at different rates.
In the India elastomers market, significant players include Reliance Industries Limited, India Oil Corporation Limited, LG Chem, DowDuPont, and ExxonMobil.
1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 India Elastomers Market Overview |
3.1 India Country Macro Economic Indicators |
3.2 India Elastomers Market Revenues & Volume, 2021 & 2031F |
3.3 India Elastomers Market - Industry Life Cycle |
3.4 India Elastomers Market - Porter's Five Forces |
3.5 India Elastomers Market Revenues & Volume Share, By Type, 2021 & 2031F |
3.6 India Elastomers Market Revenues & Volume Share, By Application, 2021 & 2031F |
3.7 India Elastomers Market Revenues & Volume Share, By Thermoplastic, 2021 & 2031F |
4 India Elastomers Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing demand from automotive industry for manufacturing tires, gaskets, and other rubber components |
4.2.2 Growth in the construction sector leading to higher demand for elastomers for sealants, adhesives, and insulation |
4.2.3 Government initiatives promoting the use of elastomers in various industries such as healthcare, electronics, and packaging |
4.3 Market Restraints |
4.3.1 Fluctuations in raw material prices impacting production costs |
4.3.2 Lack of skilled labor in the elastomers industry leading to operational challenges |
4.3.3 Environmental regulations restricting the use of certain types of elastomers in manufacturing processes |
5 India Elastomers Market Trends |
6 India Elastomers Market, By Types |
6.1 India Elastomers Market, By Type |
6.1.1 Overview and Analysis |
6.1.2 India Elastomers Market Revenues & Volume, By Type, 2021-2031F |
6.1.3 India Elastomers Market Revenues & Volume, By SBR (Styrene block copolymers), 2021-2031F |
6.1.4 India Elastomers Market Revenues & Volume, By IIR (Butyl Elastomer), 2021-2031F |
6.1.5 India Elastomers Market Revenues & Volume, By NBR (Nitrile Elastomer), 2021-2031F |
6.1.6 India Elastomers Market Revenues & Volume, By ACM (Acrylic Elastomer), 2021-2031F |
6.1.7 India Elastomers Market Revenues & Volume, By EPM (Ethylene-propylene Elastomer), 2021-2031F |
6.1.8 India Elastomers Market Revenues & Volume, By PEBA (Thermoplastic polyether block amides), 2021-2031F |
6.1.9 India Elastomers Market Revenues & Volume, By TPO (Thermoplastic Polyolefin), 2021-2031F |
6.1.10 India Elastomers Market Revenues & Volume, By TPO (Thermoplastic Polyolefin), 2021-2031F |
6.2 India Elastomers Market, By Application |
6.2.1 Overview and Analysis |
6.2.2 India Elastomers Market Revenues & Volume, By Automotive, 2021-2031F |
6.2.3 India Elastomers Market Revenues & Volume, By Consumer Goods, 2021-2031F |
6.2.4 India Elastomers Market Revenues & Volume, By Medical, 2021-2031F |
6.2.5 India Elastomers Market Revenues & Volume, By Industrial, 2021-2031F |
6.2.6 India Elastomers Market Revenues & Volume, By Others, 2021-2031F |
6.3 India Elastomers Market, By Thermoplastic |
6.3.1 Overview and Analysis |
6.3.2 India Elastomers Market Revenues & Volume, By PEBA, 2021-2031F |
6.3.3 India Elastomers Market Revenues & Volume, By SBC, 2021-2031F |
6.3.4 India Elastomers Market Revenues & Volume, By TPO, 2021-2031F |
6.3.5 India Elastomers Market Revenues & Volume, By TPU, 2021-2031F |
6.3.6 India Elastomers Market Revenues & Volume, By TPV, 2021-2031F |
7 India Elastomers Market Import-Export Trade Statistics |
7.1 India Elastomers Market Export to Major Countries |
7.2 India Elastomers Market Imports from Major Countries |
8 India Elastomers Market Key Performance Indicators |
8.1 Research and development investment in new elastomer technologies |
8.2 Adoption rate of sustainable and eco-friendly elastomers in the market |
8.3 Number of partnerships and collaborations for technology transfer and market expansion in the elastomers sector |
9 India Elastomers Market - Opportunity Assessment |
9.1 India Elastomers Market Opportunity Assessment, By Type, 2021 & 2031F |
9.2 India Elastomers Market Opportunity Assessment, By Application, 2021 & 2031F |
9.3 India Elastomers Market Opportunity Assessment, By Thermoplastic, 2021 & 2031F |
10 India Elastomers Market - Competitive Landscape |
10.1 India Elastomers Market Revenue Share, By Companies, 2024 |
10.2 India Elastomers Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |