Elastomers Industry Demand Outlook Report, 2027
The global elastomers market was valued at USD88 billion in 2020 and it is expected to grow at a CAGR of 5% from 2021 to 2027 due to rising demand in the automotive industry for high-performance and lightweight materials in vehicle production. More than 40% of all elastomers are used in the automotive and transportation industry.
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