The market for natural and synthetic rubber for non-tire applications was estimated to be 13.9 million tonnes in 2021 and is expected to be 16.9 million tonnes by the end of 2027, with a compound average growth rate of 3.4%. Thermoplastic elastomers will likely have grown at the rate of 5.1% from 3.3 million tonnes in 2021, to to 4.628 million tonnes in 2022.
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Smithers’ latest report on all aspects of elastomer markets allows recipients to make decisions regarding the future of all non-tire elastomer markets. This is possibly the first time that thermoset and thermoplastic elastomers have been treated as a single subject. To an extent, thermoplastic elastomers aim to replace thermoset elastomers, however all elastomers have an important role to play. This report examines the advantages and the limitations of all types of elastomers for non-tire applications.
What does the report cover?
This report will review all main elastomers of both groups, as well as major applications and the most important countries involved with the elastomers ‘market. It will not only be of interest to users of both types of elastomers, but also any organisation both directly and indirectly concerned with elastomers in non-tire global markets. If 2021 was considered to have been an improvement over 2020 for both groups of elastomers, the prognoses for the next few years are still cautiously positive as well. 2021 and 2022 have suffered both from the COVID pandemic and rapidly rising prices of raw materials, which currently shows little signs of quietening down.
What will you discover?
The move from internal combustion motor vehicles to those powered by electricity has caused a number of difficulties, not least the slow-down in vehicle production as a result of falling vehicle sales. Some degree of growth in the medical sector has softened the blow, but not enough to compensate for the overall loss of business. The Russo-Ukrainian conflict has exacerbated the situation by creating severe shortages of oil and natural gas, to the extent that elastomer prices have rapidly increased and in some cases doubled compared with 2019. There is also a severe shortage of containers, coupled with rising transport costs, which is presenting the elastomer markets with extreme difficulties.
The Smithers methodology
This report is based on extensive primary and secondary research. Primary research consisted of targeted interviews with material suppliers, converters and experts drawn from key markets. This was supported by secondary research in the form of extensive literature analysis of published data, official government statistics, domestic and international trade organisation data, company websites, industry reports, trade press articles, presentations, and attendance at trade events.
Who should buy this report?
About the author
- Raw material suppliers
- Rubber product manufacturers
- Rubber material suppliers
- End users for non-tire applications
- Consultants and analysts
Patrick Ellis has spent over 50 years working in the European plastics industry, in a variety of technical, marketing and management roles. He has worked for a number of multi-national organisations, including Shell, Borg-Warner, Monsanto, Hercules, Himont, Neste and the RTP Company. He has written a number of report for Smithers on a wide range of subjects including thermoset and thermoplastic elastomers, as well as those on chemical recycling.