North America Elastomers Market – Trends & Forecasts (2015-2020) – Driven By Cost Effectiveness & Adaptability – Research and Markets
By Business Wire News
By Business Wire News
Research and Markets (http://www.researchandmarkets.com/research/hc44gc/north_america) has announced the addition of the “North America Elastomers market – Segmented by Product type, Application and Geography – Trends and Forecasts (2015-2020)” report to their offering.
The North America Elastomers Market has grown evidently during the past few years and is expected to grow at a healthy pace in the next five years, driven by cost effectiveness and adaptability of Elastomers in major end-user markets. Consumption and revenue generation of Elastomers is expected to increase considerably during the forecast period.
The US will remain the largest market and will grow the fastest. Growing segments such as bio TPEs are emerging commercially and would be very effective due to cleanliness of the bio material and harmless wastage that they may leave, in future.
The study indicates that the growing demand from automotive industry is the main driver for the elastomers market. Also, advancement in Processing Industry and growing purchasing power in the developing economies are anticipated to boost the industry.
China is the most attractive market for Elastomers in the world and will be the principal driver for North America Elastomers demand to 2020. Among the elastomers the thermoplastic elastomers are expected to show more growth relatively mainly due the diverse range of its applications and increasing R&D efforts.
The industry is expected to face certain challenges such as fluctuation of crude oil prices, and product commoditization. Other major concern is the market saturation in applications for elastomers.
- BASF SE
- Bayer MS
- The Dow Chemical Co.
- Huntsman Corp.
- Chemtura Corp.
- Mitsui Chemicals
- Lyondell Basell
- Ineos Olefins & Polymers
- Total Petrochemicals
- Akzonobel N.V.
- ExxonMobil Chemical Co.
- Afton Chemical Corporation
- Braskem SA
- Innospec Inc.
- Cummins Inc.
- Total S.A.
- Evonik Industries
- Chevron Phillips Chemical Co.
- Wanhua Industrial Group
- Schulman (A.) Incorporated
- PolyOne Corporation
- Royal DSM
Key Topics Covered:
2. Executive Summary
3. Elastomers Market
4. Market Dynamics
5. Market Segmentation and Analysis
6. North America Market Analysis
7. Competitive Landscape
8. Company Profiles
For more information visit http://www.researchandmarkets.com/research/hc44gc/north_america
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Sector: Advanced Materials, Chemicals