Saudi Arabia Elastomer Market size and Key Trends in terms of volume and value 2019-2026

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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 vehicleâ€™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.

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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

Natural Rubber
Synthetic Rubber

Thermoplastic Elastomers

Styrene Block Copolymer
Thermoplastic Polyurethane
Thermoplastic Polyolefins
Thermoplastic Vulcanizates
Thermoplasticpolyester Elastomers
Polyether Block Amide

Saudi Arabia Elastomers Market by End-User Industry:

Automotive

Tire
Other Automotive

Consumer Goods

Footwear

Medical
Industrial

Wire & Cable

Others

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