The global elastomer market is projected to grow from an estimated $110.2 billion in 2026 to $147.5 billion by 2034, representing a compound annual growth rate of 3.7%, according to a new market research report from ResearchAndMarkets.com.

Elastomers, which are valued for their flexibility, durability and resilience, are being adopted across a range of sectors as manufacturers seek materials that offer adaptability while supporting evolving environmental goals, the report said. The study examines global market trends through 2034, including supply and demand dynamics, pricing, regulatory developments, technology innovation and strategic opportunities. The report includes separate analyses for North America, Asia-Pacific and other global regions, along with forecasts covering market revenue, volume and average selling prices through 2034. Among the companies identified in the competitive landscape are BASF, Dow Chemical, Lanxess, Arkema, Covestro, Huntsman Corp., Solvay, Michelin, Bridgestone, Goodyear, Continental AG, Sumitomo Rubber Industries, Yokohama Rubber, Hankook Tire and Kumho Tire.