Global Cast Elastomers Market is expected to register a steady CAGR of 4.37% in the forecast by 2026
Definition:
Cast elastomers are rubber-like materials that have
significant amounts of elasticity and can return to their original shape and
structure on pressure/force release. They are stretchable materials that are
based on polyethers, polyesters or both. Due to their thermosetting
characteristics, they possess abrasion resistance, tear resistance, high levels
of strength and can enhance the features of products they are utilized in.
Analysis of Global Cast Elastomers
Market report:
Global cast elastomers market is expected to register a steady CAGR of 4.37% in the
forecast period of 2019-2026. The report contains data from the base year of
2018 and the historic year of 2017. This rise in market value can be attributed
to the increasing developments undergoing in the market, as well as the rise in
demand for industrial and automotive components that utilize cast elastomers.
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Market Drivers:
·
High levels of demand for the product from various
end-use industries; this factor is expected to positively affect the growth of
the market
·
Benefits associated with the usage of these
products due to their superior mechanical and chemical properties; this factor
is expected to drive the market growth
·
Rise in the levels of industrialization and
urbanization leading to establishment of several manufacturing units; this
factor is expected to drive the growth of the market
Market Restraints:
·
Presence of strict regulations amid significant
environmental impact during the manufacturing and production of these products
are factors restraining the growth of the market
·
Vulnerable nature of prices associated with raw
materials utilized in the production of these products are factors restraining
the growth of the market
Leading Key players profiled in this
report are:
Few of the major competitors currently working in the global
cast elastomers market are BASF SE; Covestro AG; Dow; Huntsman International
LLC; Era Polymers Pty Limited; Tosoh Corporation; Mitsui Chemicals, Inc.;
LANXESS; Coim Group; Wanhua Chemical Group Co.,Ltd.; Manali Petrochemical;
Polytek Development Corp.; Grupo Synthesia; SAPICI S.p.A.; Makro Chemical;
TAIWAN PU CORPORATION; VCM Polyurethanes Pvt. Ltd.; Accella Polyurethane
Systems; Polycoat Products; Chemline; Everchem Specialty Chemicals; Perstorp;
Herikon BV; LUC Group; Nordmann, Rassmann GmbH and Chemix.
Global Cast Elastomers Market Segmentation:
By Type
·
Hot Cast
·
Cold Cast
By End-Use Industry
·
Automotive & Transportation
·
Industrial
·
Mining
·
Oil & Gas
·
Sports & Leisure
·
Agriculture
·
Others
By Geography
·
North America
·
South America
·
Europe
·
Asia-Pacific
Company
Share Analysis:
Global cast elastomers market is highly fragmented and the
major players have used various strategies such as new product launches,
expansions, agreements, joint ventures, partnerships, acquisitions, and others
to increase their footprints in this market. The report includes market shares
of cast elastomers market for global, Europe, North America, Asia-Pacific,
South America and Middle East & Africa.
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The Global Cast Elastomers Market report provides the global
market size of the main players in each region. Moreover, the report provides
knowledge of the leading markets players within the Global Cast Elastomers
Market. The industry changing factors for the market segments are explored in
this report. This analysis report covers
the growth factors of the worldwide market based on end-users. Market opportunities
and recommendations for new investments are also encompassed in this report.
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