Performance Elastomers Market Report 2026

The performance elastomers market size has grown rapidly in recent years. It will grow from $18.55 billion in 2025 to $20.61 billion in 2026 at a compound annual growth rate (CAGR) of 11.1%. The growth in the historic period can be attributed to growth of automotive manufacturing, expansion of industrial machinery production, rising demand for durable sealing materials, increased use of elastomers in construction, availability of advanced polymer processing technologies.

The performance elastomers market size is expected to see rapid growth in the next few years. It will grow to $30.55 billion in 2030 at a compound annual growth rate (CAGR) of 10.3%. The growth in the forecast period can be attributed to increasing adoption of electric vehicles, rising demand for lightweight materials, expansion of healthcare device manufacturing, growing focus on high-performance industrial materials, increasing investments in advanced elastomer R&D. Major trends in the forecast period include increasing use of high-performance elastomers in automotive applications, rising demand for heat-resistant elastomer materials, growing adoption in medical and healthcare products, expansion of elastomers in electrical insulation uses, enhanced focus on material durability.

Increasing demand in the automotive and transport industry is expected to propel the performance elastomers market. Growing global economies have improved living standards and increased purchasing power. The COVID-19 pandemic also encouraged a preference for safer, socially distanced modes of transportation, boosting automobile demand. Additionally, rising gas prices have accelerated the adoption of electric vehicles (EVs) to reduce costs and improve efficiency. This surge in automotive demand has driven greater use of performance elastomers in vehicles, as they are lightweight and provide extensive design flexibility for interior and exterior components. For instance, in March 2024, according to the European Automobile Manufacturers Association (ACEA), a 10.2% rise in global car output to 76 million units, along with production increases in major regions - including the European Union exceeding 12.1 million units with over 11% growth, China surpassing 25.3 million units with more than 9% expansion, the United States reaching 7.6 million units with an 8.5% gain, and Japan producing over 7.7 million units with a 17.4% surge - demonstrated strong manufacturing momentum. Therefore, increasing vehicle production has boosted the use of performance elastomers, driving the market forward.

Major companies in the performance elastomer market are focusing on developing advanced solutions such as circular-content specialty polymers to enhance sustainability and supply-chain resilience. Circular-content specialty polymers use recycled inputs - such as post-industrial hydrofluoric acid (HF) - allocated through a mass-balance system to reduce reliance on virgin raw materials and mitigate ESG and supply-chain risks. For instance, in October 2025, Syensqo, a Belgium-based specialty-polymers company, launched a portfolio of circular-content elastomers and lubricant fluids produced at its Spinetta Marengo plant in Italy. The certified portfolio incorporates up to 29% recycled HF while maintaining the high-performance characteristics of fluoroelastomers and lubricant fluids. The range includes elastomers such as FKM and FFKM and lubricant fluids such as Fomblin M, delivering traditional strengths like high resistance to heat and chemicals and long-lasting lubrication for demanding applications. This innovation enables customers in semiconductors, automotive, and industrial sealing to meet circular-economy goals without compromising performance and strengthens supply-chain resilience against raw material sourcing and regulatory pressures.

In August 2025, HB Chemical, a US-based provider of rubber and chemical distribution, acquired Lianda Corporation for an undisclosed amount. This acquisition aims to broaden HB Chemical’s specialty polymers and chemicals offerings by combining its extensive distribution and logistics network with Lianda’s expertise in high-performance materials, expanding its product portfolio, technical capabilities, and geographic reach across the rubber, plastics, and specialty-polymer markets. Lianda Corporation is a US-based supplier of specialty rubbers, plastics, and chemicals, focusing on high-performance elastomers such as CPE, CSM, FKM, and HNBR.

Major companies operating in the performance elastomers market are Dow Inc., DuPont de Nemours, Inc., Solvay S.A., Wacker Chemie AG, Zeon Chemicals L.P., Shin-Etsu Chemical Co., Ltd., Mitsui Chemicals, Inc., Arkema S.A., Momentive Performance Materials Inc., Lanxess AG, BASF SE, Daikin Industries, Ltd., JSR Corporation, Kraton Corporation, Asahi Kasei Corporation, Covestro AG, Tosoh Corporation, LG Chem Ltd., SABIC, Hexpol AB, Huntsman Corporation, Dynasol Group.

Asia-Pacific was the largest region in the performance elastomers market in 2025. North America is expected to be the fastest-growing region in the forecast period. The regions covered in the performance elastomers market report are Asia-Pacific, South East Asia, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the performance elastomers market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Taiwan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

The performance elastomer market consists of sales of fluoroelastomers such as fluorocarbons, perfluoroelastomers and fluorosilicone elastomers. 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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