Global performance elastomers market forecast at $24 billion by 2030

Dublin, Ireland – The global market for Performance Elastomers estimated at US$16.1 Billion in the year 2022, is projected to reach a revised size of US$24.3 Billion by 2030, growing at a CAGR of 5.3% over the period 2022-2030 according to Report Linker. Silicone Elastomers, one of the segments analyzed in the report, is projected to record 6.2% CAGR and reach US$15.4 Billion by the end of the analysis period. Taking into account the ongoing post pandemic recovery, growth in the Fluoroelastomers segment is readjusted to a revised 4.4% CAGR for the next 8-year period.
The U.S. Market is Estimated at $4.3 Billion, While China is Forecast to Grow at 9.4% CAGR
The Performance Elastomers market in the U.S. is estimated at US$4.3 Billion in the year 2022. China, the world`s second largest economy, is forecast to reach a projected market size of US$5.8 Billion by the year 2030 trailing a CAGR of 9.4% over the analysis period 2022 to 2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 2% and 5.4% respectively over the 2022-2030 period. Within Europe, Germany is forecast to grow at approximately 2.6% CAGR.
Select Competitors include: 3M Company, Arlanxeo Deutschland GmbH, Asahi Glass Co., Ltd., Daikin Industries Ltd., Dow, Inc., DuPont de Nemours, Inc., Exxon Mobil Corporation, Flexan, LLC.