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Global Automotive Elastomer Market was valued at USD 46.46 Billion in 2016 and is predicted to reach USD 75.67 Billion by 2026, at CAGR of 4.93%.

Key players operating in this market are working on lightweight vehicle owing to the emission norm enacted by government. Automotive elastomer are replacing traditional rubber due to their phenomenal properties such as heat resistance, weathering and ozone resistance, flexibility, durability, aging resistance, variety, chemical resistance, and oil & gas resistance. These factors are leading to an increase in the demand for automotive elastomer.

Global Automotive Elastomers Market

The tire application leads the automotive elastomer market. Implementation of stringent environmental regulations regarding emission levels has resulted into manufacturing of lightweight vehicle this drives the tire application market. Manufacturers are designing compact, lightweight, and more efficient vehicles that propels the market for tire application.

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