Press release
Global Cast Elastomers Industry 2019 Market Size Estimation, Consumption, Supply & Demand By Key Players, End Users, Various Product Types, Growth & Forecast 2026
Cast Elastomers Market types
The Cast elastomers report helps you achieve your dream of an outshining and winning business. Cast elastomers report also makes some important proposals for a new project of Cast elastomers market before evaluating its feasibility. The report provides with CAGR value fluctuation during the forecast period of 2018-2025 for the market. Cast elastomers market report also delivers list of the leading competitors and provides the insights about strategic industry analysis of the key factors influencing the industry. This market report also helps to provide statistics on the current state of the industry as a valuable source of guidance and direction for companies and investors interested in this market.
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Market Definition: Global Cast Elastomers Market
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.
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
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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
Segmentation: Global Cast Elastomers Market
By Type
Hot Cast
Cold Cast
By End-Use Industry
Automotive & Transportation
Industrial
Mining
Oil & Gas
Sports & Leisure
Agriculture
Others
By Geography
North America
S.
Canada
Mexico
South America
Brazil
Argentina
Rest of South America
Europe
Germany
France
United Kingdom
Italy
Spain
Russia
Turkey
Belgium
Netherlands
Switzerland
Rest of Europe
Asia-Pacific
Japan
China
South Korea
India
Australia
Singapore
Malaysia
Indonesia
Thailand
Philippines
Rest of Asia-Pacific
Middle East and Africa
South Africa
Egypt
Saudi Arabia
United Arab Emirates
Israel
Rest of Middle East and Africa
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Key Developments in the Market:
In March 2019, Polytek Development Corp. announced the acquisition of BCC Products, Inc. which is a supplier of tools, molds, and casting polymers utilized in automotive, aerospace, foundry and marine industries. This acquisition will enhance the capabilities of Polytek for providing molds and casting solutions.
In October 2016, Manali Petrochemical announced that they had acquired Notdeome Ltd. for approximately USD 18 million, which will help in expansion of technologies, production capabilities and expand the geographical presence for servicing their customers from automotive, appliances, home furnishing, paints & coatings, and pharmaceutical industries.
Competitive Analysis: Global Cast Elastomers Market
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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Key Market Competitors: Global Cast Elastomers Market
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.
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Email: Sopan.gedam@databridgemarketresearch.com
About Data Bridge Market Research:
Data Bridge Market Research set forth itself as an unconventional and neoteric Market research and consulting firm with unparalleled level of resilience and integrated approaches. We are determined to unearth the best market opportunities and foster efficient information for your business to thrive in the market. Data Bridge endeavors to provide appropriate solutions to the complex business challenges and initiates an effortless decision-making process.
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