Europe Performance Elastomers Market Report

Europe Performance Elastomers Market Report, By Type (Nitrile Based Elastomers (Nitrile Butadiene Rubber (NBR) and Hydrogenated Nitrile Based Rubber (HNBR)), Fluoroelastomers (Fluorocarbons, Perfluoroelastomers and Fluorosilicone Elastomers), Silicone Rubber Elastomers (High-Temperature Vulcanized, Liquid Silicone Rubber and Room Temperature Vulcanized), Thermoplastic Based Elastomers (Thermoplastic Polyolefin (TPO), Thermoplastic Vulcanizates (TPV), Thermoplastic Elastomer (TPE) and Others), End-Use Industry and Country – Market Share, Trend Analysis & Forecast , 2019 - 2029

Report Code : 11658 | Publish Date : Upcoming | Industry : Chemicals_Materials | Geography : Europe


The increasing demand in the automotive sector for a combination of high heat and chemical resistance, especially for under-the-bonnet (hood) hoses, and in particular for diesel-powered engines. Furthermore, the demand for elastomers in the construction sector is in the form of cross-linkable gels, which are used predominantly as seals in bathrooms, toilets, and kitchens. In Europe Electric, and electronic applications are also seeking higher-performance materials. The aerospace and rail transport industries have recognized the potential of advanced elastomers that can meet the demand that could not meet by traditional rubber elastomers. These are some factors that propel the market growth in the European region. 


The demand for performance elastomers is increasing, and that is attributed to the innovation and adoption of advanced elastomers. According to the report by F&S, the demand for elastomers is high among OEMs (original equipment manufacturers). Many OEMs are looking for substitutes to replace non-latex solutions due to escalating environmental concerns and biohazard and skin sensitization issues. Competition from other materials such as PVC and other advanced composites also led to the key move to substitute this material with elastomers. These are some of the after-mentioned factors that boost the market’s growth in the forecast period.


More opportunities are coming in the form of autonomous vehicles and in the battery systems, of the next generation of electric vehicles. The technological advancement taken in the elastomers manufacturing process overcomes the issues such as heat resistance and maintained the low cost of the material. Along with this, the emerging use of elastomers in the cabling market is showing significant opportunities in the forecast period. The advancement in elastomers technology and research and development by operating players also provides a promising future in the forecast period.


The major restraining factor that has been associated with the market is the cost of raw materials. The cost of raw materials that require in the manufacturing of advanced elastomers is haltering the market’s growth.


The manufacturing process of advanced elastomers such as silicon elastomers require expensive components, that lead to the cost of the performance elastomers. The prices vary according to the use of compounding, filings, raw materials, and processing costs. The scarcity of raw materials also serves as a key challenge in the market.


The report provides an in-depth analysis of the European Performance Elastomers market, market size, and compound annual growth rate (CAGR) for the forecast period of 2022-2028, considering 2021 as the base year. The increasing demand for various Performance Elastomers in various applications has led to the increasing demand for the market and is expected to witness growth at a CAGR at specific CAGR from 2021-2028.


The European Performance Elastomers market comprises different market segments like type, end-user industry and country. 


By type, performance elastomers include key segments of:

  • Nitrile Based Elastomers
  • Fluoroelastomers
  • Silicone Rubber Elastomers
  • Thermoplastic Based Elastomers

Based on the type, the silicone elastomers segment led the performance elastomers market in 2016 due to the large application use of silicone in many end-user industries. These silicone-based elastomers are projected to grow at the highest CAGR, during the forecast period because of the increasing demand for low heat resistance in the under-the-hood applications in the automotive industry as well as the emerging production of E-vehicle and silicone batteries, which are the main key driving factors in the growth of silicone-based elastomers. The demand for general-purpose silicone elastomers is high in all regions because of their superior performance and the high disposable income of consumers.


The performance elastomers market has major end users like 

  • Automotive & Transportation
  • Building & Construction
  • Industrial Machinery
  • Electrical and Electronics
  • Food and Beverages
  • Consumer Goods
  • Others

Based on the end-use industry, the automotive and transportation industries are projected to lead the performance elastomers market during the forecast period. Because of the production of automobiles and E-vehicles as well as the implementation of stringent environmental regulations regarding emission levels and sustainability by the government and major players, the designs of vehicles have changed over the past few decades. Manufacturers are looking to design vehicles to be compact, lightweight, and more efficient. These factors are driving the demand for performance elastomers in the automobile sector, which indeed drives the automotive and transportation sectors to grow at the highest CAGR in the forecast period.


The Europe performance elastomer market is studied for the following countries.

  • UK
  • Germany
  • Italy
  • Spain
  • France
  • Rest of Europe

In Europe, Germany has accounted for a major market share in the forecast period. Germany is leading, which is attributed to the increasing automotive industry in the country. The country has been leading in automotive manufacturing and represents itself as an automotive hub for the Europe region. Besides, the disposable income, high living standards, and increasing construction sector in Germany also contributed to Germany’s growth over the forecast period.


Axiom MRC provides a 360-degree analysis of micro and macro-economic factors in the global Performance Elastomers market subjected to COVID-19. In addition, a report details comprised of complete analysis of market expenditure, and economic and international policies on the supply and demand side and changes in the global Performance Elastomers. The report also studies the impact of pandemics on global economies, international trade, business investments, GDP, and marketing strategies of key players present in the market. The outbreak of COVID-19 has negatively impacted the performance elastomers market. In Europe, the shutdown of manufacturing plants further leading to the loss of revenue and sales in countries such as UK, Italy, France, and Germany had done due to an unprecedented rise in COVID 19 cases which led to. Many chemical companies have faced a downfall during the pandemic that has negatively impacted the demand for performance elastomers in the European region.


The competitive landscape analysis of the Performance Elastomers market is majorly focused on expanding the growth of European Performance Elastomers with new product innovation, business expansion, and the increasing presence of manufacturers operating in Performance Elastomers has led to the growing demand for the Performance Elastomers market.  Besides, the market offers a range of products in different applications to fulfill the requirements of consumers, which is further contributing to healthy growth in the market.  

The key players studied in the market are 

  • 3M Company
  • Arlanxeo
  • The Dow Chemical Company
  • Zeon Chemicals L.P
  • Arkema Group
  • Evonik Industries AG
  • Momentive Performance Materials Inc
  • Exxon Mobil
  • Arkema, Inc
  • Covestro AG
  • Shin-Etsu Chemical Co., Ltd
  • Wacker Chemie AG
  • Tosoh Corporation
  • Mitsui Chemical
  • DuPont
  • Solvay S.A


May 2022: Wacker Chemie AG has announced the expansion of its production capacities. The company wants to expand the business of liquid silicone rubber (LSR) will be available in the second half of this year and will come into full effect in 2023. The company also aspires to expand its high consistency rubber (HCR). This expansion is taking place at several sites. The company will expand its production of HCR and LSR grades significantly in the next few years.

June 2019: The Wacker Chemie AG a leader in chemical materials, inaugurated a new production line for silicone elastomers at the Zhangjiagang site in China. This production plant possesses a capacity of several thousand metric tons. This transaction will help support WACKER’s future growth path in China and improve the availability of high-consistency silicone rubber (HCR) in the Europe region.


The Performance Elastomers Market is segmented into types and end-user industries. On basis of type, the market is divided into the main categories such as nitrile-based elastomers, fluoroelastomers, silicone rubber elastomers, and thermoplastic-based elastomers. The nitrile-based elastomers are again subdivided into nitrile butadiene rubber (nbr), hydrogenated nitrile-based rubber (HNBR), fluoroelastomers are sub-categorized into fluorocarbons, perfluoroelastomers, fluorosilicone elastomers, silicone rubber elastomers is divided into high-temperature vulcanized, liquid silicone rubber, room temperature vulcanized, thermoplastic-based elastomers is divided into thermoplastic polyolefin (TPO), thermoplastic vulcanizates (TPV), thermoplastic elastomer (TPE), others. The market has various end-user applications that are listed as automotive and transportation, building and construction, industrial machinery, electrical and electronics, food and beverages, consumer goods, others.


Market Sizing for Year:
Base Year:
Forecast Period:
USD Million
Market Segment studied:


End User Industry

Market Players and its Competitors:

3M Company

The Dow Chemical Company

Zeon Chemicals L.P

Arkema Group


Evonik Industries AG

Momentive Performance Materials Inc

Exxon Mobil

Arkema, Inc

Covestro AG

Shin-Etsu Chemical Co., Ltd

Wacker Chemie AG

Tosoh Corporation

Mitsui Chemical


Solvay S.A


What are the drivers for the Performance Elastomers market?

The key driving factor of the market is the increasing demand in the automotive and construction sector for various applications that will boost market growth.

Which is the leading end-user segment for the Performance Elastomers market?

The automotive & transportation has accounted for the major market share and is expected to witness growth at the highest pace during the forecast period.

Which country is gaining the majority of market share during the forecast period (2022-2028)?

Germany is expected to gain a major market share during the forecast period (2022-2028).