This report studies the global Cast Elastomers market status and forecast, categorizes the global Cast Elastomers market size (value & volume) by key players, type, application, and region. This report focuses on the top players in North America, Europe, China, Japan, Southeast Asia India and Other regions (Middle East & Africa, Central & South America).
Cast elastomers are materials that stretch and recover instantaneously on release. Cast elastomers are thermosetting, as are natural and synthetic rubbers. Cast elastomers are based on either polyethers and/or polyesters. These elastomers possess excellent physical properties including abrasion resistance and load bearing characteristics. They also possess other useful properties such as tensile strength and tear resistance.
Based on type, the cast elastomers market is segmented into hot cast & cold cast elastomers. Hot cast elastomers are estimated to lead the segment in 2018 owing to the wide usage in applications which require high abrasion resistance, and high load-bearing capacity. The segment is also projected to grow at the highest CAGR during the forecast period owing to its low price, thermal stability, durability, and impact resistance.
Based on end-use industry, the cast elastomers market is segmented into industrial, automotive & transportation, mining, oil & gas, and others. The industrial segment is estimated to be the largest segment of the global cast elastomers market, and is further projected to retain this position during the forecast period. This is due to the increasing use of cast elastomers in applications, such as machinery parts, rollers, and industrial wheels. Properties of cast elastomers, such as being cost-effective, low abrasion, thermal stability, and durability are further expected to drive the market in the industrial segment.
The APAC is estimated to be the largest as well as fastest-growing market for cast elastomers during the forecast period. Availability of cheap labor, favorable government policies, strong manufacturing base, and rapid industrialization are expected to boost the demand for cast elastomers in the region during the forecast period. The growth of the market in APAC can be attributed to the shift in the manufacturing facilities of cast elastomers from the western regions to the APAC countries, especially China and India, by various end-use industries, mainly automotive & transportation, industrial, and mining. Apart from this, increasing urbanization, large consumer base, and increasing disposable incomes are expected to drive the market in the region.
The Cast Elastomers industry was 1.15 billion USD in 2017 and is projected to reach 1.52 billion USD by 2023, at a CAGR (Compounded Annual Growth Rate) of 4.8% between 2017 and 2023. The market is driven by various end-user industries, such as Automotive & Transportation, Industrial, Mining, Oil & Gas.
The major players covered in this report
Tosoh Corporation (Japan)
Mitsui Chemicals (Japan)
Coim Group (Italy)
Era Polymers (Australia)
Applied Polymers (Australia)
Geographically, this report studies the key regions, focuses on product sales, value, market share and growth opportunity in these regions, covering
We can also provide the customized separate regional or country-level reports, for the following regions:
Rest of Asia-Pacific
Rest of Europe
Central & South America
Rest of South America
Middle East & Africa
Rest of Middle East & Africa
On the basis of product, this report displays the production, revenue, price, market share and growth rate of each type, primarily split into
Hot Cast Elastomers
Cold Cast Elastomers
On the basis on the end users/applications, this report focuses on the status and outlook for major applications/end users, sales volume, market share and growth rate for each application, including
Oil & Gas
Automotive & Transportation
The study objectives of this report are:
To analyze and study the global Cast Elastomers sales, value, status (2013-2017) and forecast (2018-2025);
To analyze the top players in North America, Europe, China, Japan, Southeast Asia and India, to study the sales, value and market share of top players in these regions.
Focuses on the key Cast Elastomers players, to study the sales, value, market share and development plans in future.
Focuses on the global key manufacturers, to define, describe and analyze the market competition landscape, SWOT analysis.
To define, describe and forecast the market by type, application and region.
To analyze the global and key regions market potential and advantage, opportunity and challenge, restraints and risks.
To identify significant trends and factors driving or inhibiting the market growth.
To analyze the opportunities in the market for stakeholders by identifying the high growth segments.
To strategically analyze each submarket with respect to individual growth trend and their contribution to the market
To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market
To strategically profile the key players and comprehensively analyze their growth strategies.
In this study, the years considered to estimate the market size of Cast Elastomers are as follows:
History Year: 2013-2017
Base Year: 2017
Estimated Year: 2018
Forecast Year 2018 to 2025
For the data information by region, company, type and application, 2017 is considered as the base year. Whenever data information was unavailable for the base year, the prior year has been considered.
Cast Elastomers Manufacturers
Cast Elastomers Distributors/Traders/Wholesalers
Cast Elastomers Subcomponent Manufacturers
With the given market data, QYResearch offers customizations according to the company's specific needs. The following customization options are available for the report:
Regional and country-level analysis of the Cast Elastomers market, by end-use.
Detailed analysis and profiles of additional market players.