Automotive - Bio-based Elastomers Market Statistics
The global automotive bio-based elastomers market size was valued at US$ 152.8 million in 2021 and is estimated to grow at a compound annual growth rate (CAGR) of 14.3% from 2021 to 2030.
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Automotive - Bio-based elastomers market highlights
- The global automotive segment generated a revenue of USD 152.8 million in 2021 and is expected to reach USD 509.8 million by 2030.
- The market is expected to grow at a CAGR (2022 - 2030) of 14.6% by 2030.
- In terms of region, Europe was the largest revenue generating market in 2021.
- Country-wise, Japan is expected to register the highest CAGR from 2022 to 2030.
Market summary
| Market revenue in 2021 | USD 152.8 million |
| Market revenue in 2030 | USD 509.8 million |
| Growth rate | 14.6% (CAGR from 2022 to 2030) |
| Historical data covered | 2019 - 2020 |
| Base year for estimation | 2021 |
| Forecast period covered | 2022 - 2030 |
| Quantitative units | Revenue in USD million |
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Bio-based Elastomers Market Scope
Bio-based elastomers market segmentation & scope
Bio-based Elastomers Market Outlook
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