Cast Elastomers Market 2019 Size Estimation, Consumption, Supply & Demand By Key Players, End Users, Various Product Types, Growth & Forecast 2023
Global Cast Elastomers Market: Information by Type (Hot Cast and Cold Cast), Application (Automotive, Industrial, Mining, Oil & Gas, Sports & Leisure, Agricultural, and Others), and Region (Asia-Pacific, North America, and Europe)—Forecast till 2023
Pune, India – March 18, 2019 /MarketersMedia/ —
Cast Elastomers Market 2019 Industry analyses the current market status, enterprise competition pattern, advantages and disadvantages of enterprise products, development trends regional industrial layout characteristics and macroeconomic policies and industrial policy
Competitive Analysis
The leading players in the global cast elastomers market are Huntsman International LLC (US), Covestro AG (Germany), BASF SE (Germany), Era Polymers Pty Ltd (Australia), Chemline Inc. (US), Lanxess (Germany), COPCI SAS (Germany), Tosoh Corporation (Japan), Mitsui Chemicals Inc. (Japan), Wanhua Chemical Group Co. Ltd (China), Synthesia Group (Spain), Accella Corporation (US), and Chemix SRL (Italy).
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Market Overview:
Cast elastomers are tough, elastic materials with high load bearing capacity and resistance to wear, abrasion, chemicals, and low temperatures. They are produced using isocyanate prepolymer and polyol blends containing fillers, processing additives, catalysts, and other modifiers. The most widely used elastomer for the processing of cast elastomers is polyurethane.
Based on type, the global cast elastomers market has been segmented into hot cast and cold cast elastomers. The hot cast elastomers segment is projected to lead the market during the forecast period owing to its superior chemical and abrasion resistance, high load bearing capability, and resistance to oil, solvents, cuts, hydrolysis, tear, and fatigue. Liners, wheels and tires, rollers, mining screens, conveyor belts, engineering parts, inline skate wheels, and golf balls, among others, are the major applications of hot cast elastomers. Market growth is driven by the increasing demand for hot cast elastomers in industrial applications.
Market Segmentation:
The global cast elastomers market has been classified on the basis of type, application, and region.
Hot cast and cold cast elastomers are the type segments of the global cast elastomers market.
By application, the global cast elastomers market has been segmented into automotive, industrial, mining, agricultural, oil & gas, sports and leisure, and others.
Regional Analysis:
Cast Elastomers Market has been segmented into five key regions—Asia-Pacific, North America, Europe, Latin America, and the Middle East & Africa. In 2017, Asia-Pacific accounted for the largest share of the global cast elastomers market due to the large-scale consumption in the steel and automotive industries. The expanding population and rapid industrialization are expected to be the key factors powering product demand in this region.
The US is projected to be the leading market for cast elastomers in North America owing to a large number of automotive production plants and the growing use of the product in mining equipment.
The increased product demand in the manufacturing of automotive parts and industrial components such as industrial bearings and bushings, belt scrapers, roller coating, and casing components is expected to drive the growth of the European market.
The markets in Latin America and the Middle East & Africa are expected to exhibit substantial growth due to the significant growth of end-use industries such as oil & gas and mining.
Market Segmentation:
The global cast elastomers market has been classified on the basis of type, application, and region.
Hot cast and cold cast elastomers are the type segments of the global cast elastomers market.
By application, the global cast elastomers market has been segmented into automotive, industrial, mining, agricultural, oil & gas, sports and leisure, and others.
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TABLE OF CONTENTS
1 Executive Summary
2 Scope Of The Report
2.1 Market Definition
2.2 Scope Of The Study
2.2.1 Research Objectives
2.2.2 Assumptions & Limitations
2.3 Market Structure
3 Market Research Methodology
3.1 Research Process
3.2 Secondary Research
3.3 Primary Research
3.4 Forecast Model
4 Market Landscape
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