Saudi Arabia Elastomers Market

Saudi Arabia Elastomers Market

Saudi Arabia Elastomers Market by Type (Thermoset Elastomer and Thermoplastic Elastomer), and By End-User Industry (Automotive, Medical, Consumer Goods, Industrial, and Others) – Opportunities & Forecast, 2020-2027

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Key Drivers of Saudi Arabia Elastomers Market: Elastomers are widely adopted by the automotive industry as a substitute for rubber and PVC as they offer a smooth and softer finish to the tires without compromising to its performance. This factor plays a vital role in boosting the growth of the elastomers market. In the automotive industry, the elastomer is used to manufacture various materials such as tires, interior door handles, gear knobs, bushings, and chassis spring seating. The major benefit of elastomers is that it can be made in any color to match with the vehicle’s color, which is the reason why most automobile companies are opting for the use of elastomers in manufacturing. Thermoplastic polyurethane elastomer is mostly used in automotive industries, which offers better mechanical performance, decreased thickness, and UV resistance. All these factors are driving the growth of the elastomers market.

Strong demand for lightweight and high-performance materials in the manufacturing process is bolstering the growth of the elastomers market. It also has various after production specializations such as flexibility, powerful strength, and high durability, which surge the demand of the market for elastomers. The annual increase in the rate of the population of Saudi Arabia and rising income levels are propelling the demand for a high-quality product. These factors surge the development of the elastomers market in Saudi Arabia.

Saudi Arabia Elastomers Market Segmentation: The Saudi Arabia elastomers market has been segmented into the following categories: Saudi Arabia Elastomers Market by Type: • Thermoset Elastomers 2

o Natural Rubber o Synthetic Rubber • Thermoplastic Elastomers o Styrene Block Copolymer o Thermoplastic Polyurethane o Thermoplastic Polyolefins o Thermoplastic Vulcanizates o Thermoplasticpolyester Elastomers o Polyether Block Amide Saudi Arabia Elastomers Market by End-User Industry: • Automotive o Tire o Other Automotive • Consumer Goods o Footwear • Medical • Industrial o Wire & Cable • Others About GMI Research GMI Research is a market research and consulting firm which provides bespoke industry & market research to help businesses in making the toughest business decision. We know the significance of accurate data; that’s why our analyst use a tailored methodology to study every market in detail because one size doesn’t fit all.

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