Market overview
The global elastomers market is worth USD 73.2 bn in 2026 and is forecast to reach USD 114 bn by 2036, growing at a 4.5% CAGR. China is the largest country market and SBR is the largest by type segment.
| Scope | Synthetic rubber, thermoplastic elastomers and specialty elastomers: SBR, polybutadiene, EPDM, butyl, silicone, fluoroelastomers, NBR, TPE and others. |
|---|---|
| Industry | Chemicals and Materials |
| Value 2025 | USD 70.0 bn |
| Value 2026 | USD 73.2 bn |
| Value 2036 | USD 114 bn |
| CAGR 2026-2036 | 4.5% |
| Volume 2026 | 22,762 thousand tonnes |
| Volume 2036 | 32,001 thousand tonnes |
| Average price 2026 | USD 3,214 per tonne |
| Report price | Starts from USD 1,999 |
| Published | November 2026 |
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Elastomers market size and forecast, 2026-2036
Source: Compare Market Research analysis.
© 2026 Compare Market Research. All rights reserved.
| Year | Market value |
|---|---|
| 2026 | USD 73.2 bn |
| 2027 | USD 76.4 bn |
| 2028 | USD 79.9 bn |
| 2029 | USD 83.5 bn |
| 2030 | USD 87.2 bn |
| 2031 | USD 91.2 bn |
| 2032 | USD 95.3 bn |
| 2033 | USD 99.5 bn |
| 2034 | USD 104 bn |
| 2035 | USD 109 bn |
| 2036 | USD 114 bn |
Elastomers market segmentation
By type
Source: Compare Market Research analysis.
© 2026 Compare Market Research. All rights reserved.
| Segment | Share 2026 | Share 2036 | Value 2026 | CAGR 2026-36 |
|---|---|---|---|---|
| SBR | 24.0% | 21.2% | USD 17.6 bn | 3.2% |
| Polybutadiene | 11.0% | 9.7% | USD 8.0 bn | 3.2% |
| EPDM | 7.0% | 6.8% | USD 5.1 bn | 4.2% |
| Butyl and halobutyl | 6.0% | 5.3% | USD 4.4 bn | 3.2% |
| Silicone | 6.0% | 6.7% | USD 4.4 bn | 5.7% |
| Thermoplastic elastomers | 24.0% | 28.3% | USD 17.6 bn | 6.2% |
| Fluoro and specialty | 7.0% | 8.6% | USD 5.1 bn | 6.7% |
| NBR, CR and others | 15.0% | 13.3% | USD 11.0 bn | 3.2% |
By end use
Source: Compare Market Research analysis.
© 2026 Compare Market Research. All rights reserved.
| Segment | Share 2026 | Share 2036 | Value 2026 | CAGR 2026-36 |
|---|---|---|---|---|
| Tyres | 42.0% | 39.0% | USD 30.7 bn | 3.7% |
| Automotive non-tyre | 18.0% | 19.3% | USD 13.2 bn | 5.2% |
| Construction | 8.0% | 8.2% | USD 5.9 bn | 4.7% |
| Industrial and hose | 10.0% | 10.2% | USD 7.3 bn | 4.7% |
| Footwear | 6.0% | 5.6% | USD 4.4 bn | 3.7% |
| Medical and consumer | 8.0% | 9.9% | USD 5.9 bn | 6.7% |
| Other | 8.0% | 7.8% | USD 5.9 bn | 4.2% |
By curing system
| Segment | Share 2026 | Share 2036 | Value 2026 | CAGR 2026-36 |
|---|---|---|---|---|
| Thermoset (vulcanised) | 64.0% | 58.0% | USD 46.8 bn | 3.5% |
| Thermoplastic elastomers | 28.0% | 33.0% | USD 20.5 bn | 6.2% |
| Liquid and cast elastomers | 8.0% | 9.0% | USD 5.9 bn | 5.7% |
By source
| Segment | Share 2026 | Share 2036 | Value 2026 | CAGR 2026-36 |
|---|---|---|---|---|
| Synthetic | 72.0% | 70.0% | USD 52.7 bn | 4.2% |
| Natural | 22.0% | 22.0% | USD 16.1 bn | 4.5% |
| Bio-based and recycled | 6.0% | 8.0% | USD 4.4 bn | 7.5% |
By product form
| Segment | Share 2026 | Share 2036 | Value 2026 | CAGR 2026-36 |
|---|---|---|---|---|
| Solid bales | 52.0% | 48.0% | USD 38.0 bn | 3.7% |
| Latex | 20.0% | 20.0% | USD 14.6 bn | 4.5% |
| Compounds | 18.0% | 20.0% | USD 13.2 bn | 5.6% |
| Liquid systems | 10.0% | 12.0% | USD 7.3 bn | 6.4% |
Top 25 countries for elastomers by revenue
Countries are ranked by revenue earned from sales in the country, not by where the product is made. The ten largest hold 76.5% of 2026 revenue and the 25 countries below together hold 93.0%.
Source: Compare Market Research analysis.
© 2026 Compare Market Research. All rights reserved.
| # | Country | Value 2026 | Share 2026 | Value 2036 | CAGR 2026-36 |
|---|---|---|---|---|---|
| 1 | China | USD 24.1 bn | 33.0% | USD 40.1 bn | 5.2% |
| 2 | United States | USD 8.8 bn | 12.0% | USD 12.0 bn | 3.2% |
| 3 | India | USD 4.4 bn | 6.0% | USD 8.4 bn | 6.7% |
| 4 | Japan | USD 3.7 bn | 5.0% | USD 4.5 bn | 2.2% |
| 5 | Germany | USD 3.7 bn | 5.0% | USD 4.8 bn | 2.7% |
| 6 | South Korea | USD 2.9 bn | 4.0% | USD 4.2 bn | 3.7% |
| 7 | Brazil | USD 2.6 bn | 3.5% | USD 4.1 bn | 4.8% |
| 8 | Thailand | USD 2.2 bn | 3.0% | USD 3.5 bn | 4.8% |
| 9 | France | USD 1.8 bn | 2.5% | USD 2.4 bn | 2.7% |
| 10 | Russia | USD 1.8 bn | 2.5% | USD 2.4 bn | 2.7% |
| 11 | Malaysia | USD 1.8 bn | 2.4% | USD 3.9 bn | 8.2% |
| 12 | Vietnam | USD 1.6 bn | 2.2% | USD 2.7 bn | 5.5% |
| 13 | Turkey | USD 1.2 bn | 1.7% | USD 1.8 bn | 4.1% |
| 14 | Mexico | USD 1.0 bn | 1.4% | USD 1.6 bn | 4.7% |
| 15 | Poland | USD 870 mn | 1.2% | USD 1.3 bn | 4.1% |
| 16 | Canada | USD 775 mn | 1.1% | USD 1.0 bn | 3.0% |
| 17 | Spain | USD 702 mn | 1.0% | USD 943 mn | 3.0% |
| 18 | Netherlands | USD 644 mn | 0.9% | USD 863 mn | 3.0% |
| 19 | Argentina | USD 593 mn | 0.8% | USD 886 mn | 4.1% |
| 20 | Czech Republic | USD 556 mn | 0.8% | USD 761 mn | 3.2% |
| 21 | Saudi Arabia | USD 519 mn | 0.7% | USD 829 mn | 4.8% |
| 22 | Singapore | USD 490 mn | 0.7% | USD 727 mn | 4.0% |
| 23 | Taiwan | USD 468 mn | 0.6% | USD 659 mn | 3.5% |
| 24 | Belgium | USD 446 mn | 0.6% | USD 579 mn | 2.6% |
| 25 | Australia | USD 424 mn | 0.6% | USD 602 mn | 3.6% |
| Rest of world | USD 5.1 bn | 7.0% | USD 7.9 bn | 4.5% |
Source: Compare Market Research analysis.
© 2026 Compare Market Research. All rights reserved.
Competitive landscape
Group 1: Global leaders
- Arlanxeo
- Kraton
- Dow
- ExxonMobil Chemical
- Synthos
- Trinseo
- Sinopec
- Asahi Kasei
- Dynasol
- Kuraray
Group 2: Regional and specialist players
- Zeon
- JSR
- LG Chem
- Kumho Petrochemical
- Versalis
- Sibur
- TSRC
- Shin-Etsu Chemical
- Momentive Performance Materials
- DuPont
Group 3: Emerging and niche players
- Teknor Apex
- Hexpol
- Wacker
- Kraiburg TPE
- Elastron
- Avient
Research methodology
Every figure on this page comes from the research framework that we apply to all of the markets we cover. The 2025 base for the elastomers market is built from the volume sold and the price that buyers pay, and is cross-checked against the size of the wider industry the market belongs to. Where a market can be sized in more than one way, the routes are compared before a figure is set.
The forecast runs year by year from the 2025 base to 2036. Growth in each year reflects demand from the industries that buy the product, adoption of new technology, pricing, regulation and replacement cycles. Volume and price are modelled together, so revenue in each year equals volume multiplied by average price. The 2026 to 2036 compound annual growth rate of 4.5% is calculated from the resulting values.
The market is divided by type, by end use, by curing system, by source, by product form. The 25 largest countries are ranked by revenue earned from sales to buyers in each country, not by where the product is made. Segment values and country values add up to the market total in every year, and every report is checked for consistency before it is published.
Companies are placed in three groups: global leaders, regional and specialist players, and emerging and niche players. The groups describe how companies compete in the market. They are not a ranking and they are not market shares.
Our analysts also carry out primary research. Customized reports add interviews with key opinion leaders, such as senior executives, technical specialists and buyers, to test the assumptions behind the numbers for the question being asked.
Frequently asked questions
How big is the elastomers market?
The global elastomers market is estimated at USD 70.0 bn in 2025 and USD 73.2 bn in 2026.
How fast will the elastomers market grow?
It is forecast to reach USD 114 bn by 2036, a compound annual growth rate of 4.5% from 2026, an increase of USD 40.4 bn.
Which country is the largest market for elastomers?
China is the largest market by revenue at USD 24.1 bn in 2026, 33.0% of the global total. The three largest countries together hold 51.0%.
Which country is growing fastest?
Among the ten largest markets, India is growing fastest at 6.7% a year from 2026 to 2036.
Which elastomers segment is largest?
In the by type split, SBR is the largest segment with 24.0% of 2026 revenue.
Who are the leading elastomers companies?
Global leaders include Arlanxeo, Kraton, Dow, ExxonMobil Chemical.
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