The hyper elastic material market size is expected to see strong growth in the next few years. It will grow to $23.59 billion in 2029 at a compound annual growth rate (CAGR) of 6.8%. The growth in the forecast period can be attributed to rising demand in aerospace, construction industry applications, customized product solutions, focus on sustainability, sustainable and eco-friendly materials. Major trends in the forecast period include advancements in 3d printing technology, smart material integration, soft robotics and human-machine interaction, customization and personalization, research and development in material science.
The growth of smart city construction programs is anticipated to significantly drive the hyper elastic materials market in the coming years. A smart city is defined as a municipality that employs information and communication technologies (ICT) to enhance operational efficiency, share information with the public, and improve the quality of government services and citizen welfare. Typical representatives of hyper elastic materials include rubber and rubber-like substances, which find extensive application in smart city infrastructure, aerospace, and engineering (such as rubber bearings, axle sleeves, and tires). For example, in June 2022, data released by the Ministry of Housing and Urban Affairs, an executive authority in India overseeing housing and urban development, indicated that out of 5,151 smart city projects, 1,290 had been completed in India, with the total number of completed projects rising to 3,997 in 2022. Thus, the development of smart city construction programs is fueling growth in the hyper elastic materials market.
The expanding global automotive industry is expected to play a crucial role in driving the hyper elastic materials market. This industry encompasses the design, manufacturing, marketing, and sale of motor vehicles, including cars, trucks, and motorcycles. Hyper elastic materials are increasingly utilized in the automotive sector due to their desirable properties, such as low rolling resistance and heat resistance, which are essential for producing high-quality tires. These tires are gaining traction worldwide as they help reduce CO2 emissions and enhance the riding experience for drivers. For instance, Forbes, a prominent American business magazine, projects a 4% increase in global auto sales in 2023, reaching 89.7 million units. Additionally, the India Brand Equity Foundation (IBEF), established by the Department of Commerce in the Government of India, forecasts that the automotive industry in India will grow to $251.4-282.8 billion by 2026. This growth in the automotive sector is set to propel the hyper elastic materials market.
The rising demand for butadiene rubber is expected to drive the hyper elastic materials market in the foreseeable future. Butadiene rubber (BR) refers to synthetic general-purpose elastomers that can occasionally replace natural rubber (NR). Its high resilience, tensile strength, tear resistance, and flexibility at low temperatures make butadiene rubber suitable for a variety of applications. It is commonly used in the production of tires, inner tubes, adhesives, roll covers, hoses, and gaskets, thereby boosting the demand for hyper elastic materials. For instance, in June 2024, Sunsirs, a commodity group based in China, reported that butadiene rubber production started at around 520% in early 2024, peaking at approximately 72% after the Spring Festival within six months. Consequently, the rising demand for butadiene rubber is contributing to the growth of the hyper elastic materials market.
Another notable trend in the hyper elastic materials market is the emphasis on product innovation by major industry players. Leading companies are introducing innovative products to maintain their foothold in the hyper elastic materials market. In February 2023, Dimension Inx, a US-based advanced materials and biofabrication company, unveiled a groundbreaking product - the 3D-painted hyper elastic bone designed for orthopedics. This innovative 3D-painting materials design and manufacturing system enables the rapid 3D printing of various biomaterials. Hyper elastic bone can be swiftly 3D-printed at room temperature, creating structures - whether simple or complex - that are tailored to match individual patients or generically shaped. With 90% of the 3D-printed structure's weight being calcium phosphate, the same material found in human bones, this development showcases the potential of 3D printing in the hyper elastic materials market.
Major companies in the hyper elastic materials market are actively working on developing elastic materials resistant to gases and liquids. An elastic material impervious to gases and liquids offers both resilience and impermeability, allowing it to stretch and revert to its original shape while preventing the passage of gases and liquids. In February 2023, an international team of researchers introduced a novel technique utilizing liquid metal to create an elastic material impervious to both gases and liquids. The material, encased in an elastic polymer, has potential applications in packaging for high-value technologies requiring protection from gases, such as flexible batteries. The technique employs a eutectic alloy of gallium and indium (EGaIn), which remains liquid at room temperature. This advancement in developing impermeable elastic materials adds to the diverse applications within the hyper elastic materials market.
Major companies operating in the hyper elastic material market include Dow Inc., Sumitomo Chemical Co. Ltd., Braskem SA, Clariant AG, LyondellBasell Industries Holdings B.V., Mitsui Chemicals America Inc., Arlanxeo India Private Limited, BASF SE, Lanxess AG, Borealis AG, Saudi Basic Industries Corporation, Huntsman Corporation, Wanhua Chemical Group Co. Ltd., Covestro AG, Momentive Performance Materials Inc., Kraton Corporation, Kuraray Co. Ltd., Zeon Corporation, The Lubrizol Corporation, The Goodyear Tire & Rubber Company, Cabot Corporation, The Chemours Company, Minnesota Mining and Manufacturing Company, The Yokohama Rubber Co. Ltd., The Cooper Tire & Rubber Company, Bridgestone Corporation, Continental AG, Michelin Group, Pirelli & C. S.p.A., Hankook Tire & Technology Co. Ltd., Kumho Tire Co. Ltd.
Asia-Pacific was the largest region in the hyper elastic material market in 2024, and is expected to be the fastest-growing region in the hyper elastic material market report during the forecast period. The regions covered in the hyper elastic material market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the hyper elastic material market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
Hyperelastic material, also known as green elastic material, is a type of constitutive model for an ideally elastic material, where the stress-strain relationship is derived from a strain energy density function. Hyperelastic materials are a special case within the broader category of Cauchy elastic materials.
The primary types of hyperelastic materials include ethylene vinyl acetate, thermoplastic polyurethane, butadiene rubber, silicon, and others. Thermoplastic polyurethane is a melt-processable thermoplastic elastomer known for its high durability and flexibility. These materials, encompassing both metallic and non-metallic compounds, find applications in various industries such as construction, aerospace, railway, automobile, oil and gas, among others.
The hyper elastic materials market research report is one of a series of new reports that provides hyper elastic materials optical components market statistics, including hyper elastic materials optical components industry global market size, regional shares, competitors with a hyper elastic materials optical components market share, detailed hyper elastic materials optical components market segments, market trends and opportunities, and any further data you may need to thrive in the hyper elastic materials optical components industry. This hyper-elastic materials optical components market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.
The hyper elastic material market consists of sales of hyper elastic materials that are utilized in the modeling of rubber and other polymers, biological tissue, and acoustoelasticity. Values in this market are ‘factory gate’ values, that is, the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
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Table of Contents
Executive Summary
Hyper Elastic Material Global Market Report 2025 provides strategists, marketers and senior management with the critical information they need to assess the market.This report focuses on hyper elastic material market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
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Description
Where is the largest and fastest growing market for hyper elastic material ? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The hyper elastic material market global report answers all these questions and many more.The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market’s historic and forecast market growth by geography.
- the market characteristics section of the report defines and explains the market.
- the market size section gives the market size ($b) covering both the historic growth of the market, and forecasting its development.
- the forecasts are made after considering the major factors currently impacting the market. These include:
- the forecasts are made after considering the major factors currently impacting the market. These include the Russia-Ukraine war, rising inflation, higher interest rates, and the legacy of the COVID-19 pandemic.
- Market segmentations break down the market into sub markets.
- the regional and country breakdowns section gives an analysis of the market in each geography and the size of the market by geography and compares their historic and forecast growth. It covers the growth trajectory of COVID-19 for all regions, key developed countries and major emerging markets.
- the competitive landscape chapter gives a description of the competitive nature of the market, market shares, and a description of the leading companies. Key financial deals which have shaped the market in recent years are identified.
- the trends and strategies section analyses the shape of the market as it emerges from the crisis and suggests how companies can grow as the market recovers.
Scope
Markets Covered:
1) by Type: Ethylene Vinyl Acetate; Thermoplastic Polyurethane; Butadiene Rubber; Silicone; Other Types2) by Material: Metallic; Non-Metallic
3) by Application: Home Bedding; Construction; Aerospace; Railway; Automobile; Oil and Gas; Other Applications
Subsegments:
1) by Ethylene Vinyl Acetate (EVA): EVA Copolymer; EVA Blends2) by Thermoplastic Polyurethane (TPU): Aromatic TPU; Aliphatic TPU
3) by Butadiene Rubber: Styrene-Butadiene Rubber (SBR); Acrylonitrile Butadiene Rubber (NBR)
4) by Silicone: Silicone Rubber; Silicone Foam
5) by Other Types: Natural Rubber; Polyethylene (PE); Polypropylene (PP)
Key Companies Mentioned: Dow Inc.; Sumitomo Chemical Co. Ltd.; Braskem SA; Clariant AG; LyondellBasell Industries Holdings B.V.
Countries: Australia; Brazil; China; France; Germany; India; Indonesia; Japan; Russia; South Korea; UK; USA; Canada; Italy; Spain
Regions: Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa
Time Series: Five years historic and ten years forecast.
Data: Ratios of market size and growth to related markets, GDP proportions, expenditure per capita.
Data Segmentation: Country and regional historic and forecast data, market share of competitors, market segments.
Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes.
Delivery Format: PDF, Word and Excel Data Dashboard.
Companies Mentioned
Some of the major companies featured in this Hyper Elastic Material market report include:- Dow Inc.
- Sumitomo Chemical Co. Ltd.
- Braskem SA
- Clariant AG
- LyondellBasell Industries Holdings B.V.
- Mitsui Chemicals America Inc.
- Arlanxeo India Private Limited
- BASF SE
- Lanxess AG
- Borealis AG
- Saudi Basic Industries Corporation
- Huntsman Corporation
- Wanhua Chemical Group Co. Ltd.
- Covestro AG
- Momentive Performance Materials Inc.
- Kraton Corporation
- Kuraray Co. Ltd.
- Zeon Corporation
- The Lubrizol Corporation
- The Goodyear Tire & Rubber Company
- Cabot Corporation
- The Chemours Company
- Minnesota Mining and Manufacturing Company
- The Yokohama Rubber Co. Ltd.
- The Cooper Tire & Rubber Company
- Bridgestone Corporation
- Continental AG
- Michelin Group
- Pirelli & C. S.p.A.
- Hankook Tire & Technology Co. Ltd.
- Kumho Tire Co. Ltd.
Table Information
Report Attribute | Details |
---|---|
No. of Pages | 200 |
Published | February 2025 |
Forecast Period | 2025 - 2029 |
Estimated Market Value ( USD | $ 18.17 Billion |
Forecasted Market Value ( USD | $ 23.59 Billion |
Compound Annual Growth Rate | 6.8% |
Regions Covered | Global |
No. of Companies Mentioned | 32 |