Elastomers Market to Hit $149.19B by 2034 as Asia Pacific Leads Growth
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Pune, India – October 01, 2026 -- The global elastomers market is projected to grow from $104.73 billion in 2025 to $149.19 billion by 2034, a compound annual growth rate of 4.01% through the forecast period, according to Maximize Market Research.
BASF starts commercial TPU production in Shanghai to serve China's EV and robotics demand
In April 2026, BASF began commercial production of its Elastollan flame-retardant thermoplastic polyurethane (TPU) grade in Shanghai, expanding local supply for robotics, industrial automation and EV charging cable applications. The move strengthens China's position as a major hub for specialty elastomer production and consumption.