Automotive Elastomers Market CAGR Status, Growth Opportunities and Analysis on Forecast 2029.

Automotive Elastomers Market was valued at US$ 59.52 Bn in 2022 and is expected to reach US$ 84.88 Bn by 2029, at a CAGR of 5.2 % during a forecast period. Elastomer has low intermolecular strength, modulus of elasticity, and high stress of failure over other materials. It is used in the production of automotive components, which require extreme temperatures like hoses, insulators, seals, bushes, engine mounts, and gaskets.