Cold Cast Elastomers Market : APEJ Accounts for Over 30% of Overall Cold Cast Elastomers Sales || Key Players: Tosoh Corporation, Mitsui Chemicals, Inc, Coim Group, Era Polymers Pty Ltd, Chemline Incorporation

According to a recently published Fact.MR report, global sales of cold cast elastomers exceeded 64 Mn tons in 2018, and are poised to record growth at nearly 5% through 2019. The report opines that Asia-Pacific excluding Japan (APEJ) will retain its supremacy in the cold cast elastomers market, undergird by pervasive demand from industrial sectors in the region. Sensing potential opportunities in APEJ, there has been an influx of new product launches by leading cold cast elastomers market stakeholders in recent years.

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The recent Fact.MR study estimates that cold cast elastomers sales in industrial applications is expected to exceed 21 million tons in 2019.  This can be primarily attributed to inherent property-based benefits of cold cast elastomers, such as convenience and time-effective production application, thereby reducing operational costs as a consequence. Convenience of manufacturing cold cast elastomers at room temperature, and deprival of heat requirement for curation purposes, continue to drive their sales in industrial applications worldwide.

The robust and elaborate research methodology which was employed during the compilation of the cold cast elastomers market report has been explained thoroughly. A comprehensive analysis of the historical, as well as current data, was performed to produce an authentic and accurate forecast of the cold cast elastomers market. The exhaustive research procedure was divided into two steps namely primary and secondary researches.

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Cold Cast Elastomers Market – Market Structure

The Fact.MR report on cold cast elastomers market provides comprehensive information about the market in terms of the value, volume, Y-o-Y growth, and CAGR. In addition to the valuable information, the cold cast elastomers market provides authentic insights by dividing the cold cast elastomers market on the basis of processing type, geographic region, and end-use applications.

Polyurethane is one of the few chemicals that can be sustainably manufactured. With environmental concerns on the rise and application of stringent regulations for environment conservation, chemical manufacturing is expected to witness a gradual decline. However, potential of manufacturing polyurethane using polyols, and other natural resources are expected to offset challenges associated with declining production of their chemical-based counterparts. Additionally, adoption of plant and other bio-based raw material for the manufacturing of polyurethane will make the process more economical and sustainable.

Polyurethane manufacturing accounts for relatively lower environmental footprint. Due to the growing demand for polyurethane, and constant innovation in sustainable manufacturing processes, the polyurethane industry is estimated to see steady growth which will consequently boost the production of cold cast elastomers.    

The cold cast elastomers market remains consolidated, with leading players holding over 40% share of the market. On the other hand, regional and emerging players hold 20-25% and 10-15% share of the cold cast elastomers market respectively. Leading players continue to expand their production facilities, streamline their manufacturing processes, and launch new high-performance elastomer product lines to capitalize on the growing demand for high-functioning elastomers. Some of the notable developments in the cold cast elastomers market are mentioned below:    

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