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$1.5+ Bn Cast Elastomers (Hot Cast, Cold Cast) Market - Global Forecast to 2023: Increasing Demand From High-Value End-Use Industries

/EIN News/ -- Dublin, Feb. 18, 2019 (GLOBE NEWSWIRE) -- The "Cast Elastomers Market by Type (Hot Cast, Cold Cast), End-use Industry (Automotive & Transportation, Industrial, Mining, Oil & Gas), and Region (North America, Europe, APAC, Middle East & Africa, South America) - Global Forecast to 2023" report has been added to ResearchAndMarkets.com's offering.

The global cast elastomers market is estimated at USD 1.20 billion in 2018 and is projected to reach USD 1.52 billion by 2023, at a CAGR of 4.8% between 2018 and 2023.

The market is witnessing growth due to the increasing use of cast elastomers in end-use industries, such as automotive & transportation, industrial, mining, and oil & gas. The growing demand from emerging economies along with the increasing manufacturing activities is creating growth opportunities for the cast elastomers market. However, fluctuating raw material prices act as a restraint for the growth of the market.

Hot cast is projected to be the fastest-growing segment of the cast elastomers market, by type

Hot cast is projected to be the fastest-growing segment of the cast elastomers market during the forecast period (2018-2023). Hot cast elastomers are gaining popularity owing to their excellent impact strength, high abrasion resistance, tensile strength, high load-bearing capacity, and cost-effectiveness. Furthermore, increasing use of cast elastomers in several end-use industries is also expected to drive the hot cast elastomers market during the forecast period.

Automotive & transportation is projected to be the fastest-growing segment of the cast elastomers market, by end-use industry

Automotive & transportation is projected to be the fastest-growing end-use industry of the cast elastomers market during the forecast period (2018-2023). Properties, such as toughness, low abrasion, thermal stability, and durability and increasing production of automotives, especially in the APAC region are expected to drive the market.

APAC is projected to be the fastest-growing market for cast elastomers, by region

The APAC region is projected to be the fastest-growing market for cast elastomers during the forecast period. Growth of the cast elastomers market in APAC is due to the fact that the region has a favorable and cost-effective manufacturing environment, significant consumer base, and supportive government policies. Furthermore, growing end-use industries, such as automotive & transportation and oil & gas are also driving the cast elastomers market in the APAC region.

The report also provides company profiles and competitive strategies adopted by major market players, such as Covestro (Germany), Huntsman (US), Lanxess (Germany), DowDuPont (US), BASF (Germany), Tosoh Corporation (Japan), Mitsui Chemicals (Japan), and Era Polymers (Australia), among others.

Key Topics Covered:

1 Introduction
1.1 Objectives of the Study
1.2 Market Definition
1.3 Market Scope
1.3.1 Years Considered for the Study
1.4 Currency
1.5 Unit Considered
1.6 Limitations
1.7 Stakeholders

2 Research Methodology
2.1 Research Data
2.2 Secondary Data
2.2.1 Key Data From Secondary Sources
2.3 Primary Data
2.3.1 Key Data From Primary Sources
2.4 Market Size Estimation
2.4.1 Bottom-Up Approach
2.4.2 Top-Down Approach
2.5 Data Triangulation
2.6 Assumptions
2.7 Limitations

3 Executive Summary

4 Premium Insights
4.1 Attractive Opportunities in the Cast Elastomers Market
4.2 Cast Elastomers Market, By Type
4.3 Cast Elastomers Market, By Region
4.4 Hot Cast Elastomers Market
4.5 Cast Elastomers Market, By Country

5 Market Overview
5.1 Introduction
5.2 Market Dynamics
5.2.1 Drivers
5.2.1.1 Increasing Demand From High-Value End-Use Industries
5.2.1.2 Superior Advantages Over Conventional Materials
5.2.1.3 Increasing Demand From Emerging Economies
5.2.2 Restraints
5.2.2.1 Hazardous Impact on the Environment and Human Health
5.2.3 Opportunities
5.2.3.1 Continuous Technological Developments
5.2.4 Challenges
5.2.4.1 Compliance With Stringent Regulations and Standards
5.2.4.2 Fluctuating Raw Material Prices

6 Industry Trends
6.1 Porter's Five Forces Analysis
6.2 Macroeconomic Overview and Key Trends
6.2.1 Automotive Industry

7 Cast Elastomers Market, By Type
7.1 Introduction
7.2 Hot Cast Elastomer
7.3 Cold Cast Elastomer

8 Cast Elastomers Market, By End-Use Industry
8.1 Introduction
8.2 Industrial
8.3 Automotive & Transportation
8.4 Mining
8.5 Oil & Gas
8.6 Others

9 Cast Elastomers Market, By Region
9.1 Introduction
9.2 APAC
9.2.1 China
9.2.2 Japan
9.2.3 India
9.2.4 South Korea
9.2.5 Rest of APAC
9.3 North America
9.3.1 US
9.3.2 Canada
9.3.3 Mexico
9.4 Europe
9.4.1 Germany
9.4.2 France
9.4.3 UK
9.4.4 Italy
9.4.5 Russia
9.4.6 Turkey
9.4.7 Rest of Europe
9.5 Middle East & Africa
9.5.1 Iran
9.5.2 Saudi Arabia
9.5.3 South Africa
9.5.4 Rest of the Middle East & Africa
9.6 South America
9.6.1 Brazil
9.6.2 Argentina
9.6.3 Rest of South America

10 Competitive Landscape
10.1 Introduction
10.2 Market Ranking Analysis
10.3 Competitive Situations and Trends
10.3.1 New Product Development
10.3.2 Expansion
10.3.3 Merger & Acquisition
10.3.4 Joint Venture

11 Company Profiles
11.1 Covestro
11.2 Huntsman
11.3 Lanxess
11.4 Dowdupont
11.5 BASF
11.6 Tosoh Corporation
11.7 Mitsui Chemicals
11.8 Wanhua Chemical
11.9 ERA Polymers
11.10 Coim Group
11.11 Additional Company Profiles
11.11.1 Taiwan Pu Corporation
11.11.2 Notedome Limited
11.11.3 Accella Polyurethane Systems
11.11.4 Chemline, Inc.
11.11.5 Everchem Specialty Chemicals
11.11.6 Polycoat Products
11.11.7 Synthesia International S.L.U.
11.11.8 Makro Chemical
11.11.9 Axson Technologies
11.11.10 Reckli
11.11.11 VCM Polyurethane Pvt. Ltd.
11.11.12 Perstorp
11.11.13 Herikon
11.11.14 LUC Group
11.11.15 Sapici S.P.A.

For more information about this report visit https://www.researchandmarkets.com/research/wl3mhj/1_5_bn_cast?w=12

Research and Markets also offers Custom Research services providing focused, comprehensive and tailored research.

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