Description
Global Cast Elastomers Research Report—Forecast till 2025
Market Overview
Global Cast Elastomers Market is estimated to reflect a CAGR of around 4.5% to surpass around USD 1,700 Million during the assessment period. Cast Elastomers are a rubber-like polymer that stretched more than other types of material and retains its shape on force removal. The cast elastomers exhibit unique physical properties, such as abrasion resistance, load-bearing ability, and many other useful properties like tensile strength and tear resistance. The expansion of the global market is mainly propelled by the rising requirement of cast elastomers in the wide range of production sectors such as automotive, oil & gas, and industrial. The excellent elongation and low compression properties offered by PU cast elastomers makes it an ideal material for automotive components. Gaskets and seals, padding, car seats, tubes, hoses, wheel wells, hoods, bumpers, fenders, and wire harnesses are some of the components manufactured using PU cast elastomers.
Global Cast Elastomers Market is anticipated to register significant growth registering a CAGR of 4.5% during the review period. The extensive usage of cast elastomers in automotive and oil & gas applications is expected to drive the market. However, the limited shelf life of products and poor performance in high temperature and non-biodegradability has hampered the growth of the global market. Besides, the current global crisis because of the Covid19 break down has a high impact on the global market as the virus has created a pandemic situation globally leading to slow down of production and the end-use market.
Market Segmentation
Global Cast Elastomers Market has been segmented based on Type, Application, and Region.
Depending on the type segment, the global market has been bifurcated into hot cast and cold cast.
By Application, the global cast elastomer market has been classified into automotive, industrial, mining, oil and gas, sport and leisure, agriculture, and others.
Regional Analysis
Geographically, the Global Cast Elastomers Market is spread across Asia-Pacific, Europe, North America, and the Rest of the world.
The Asia-Pacific accounted for the largest market share of around 50 % in 2018 is expected to command the market with the highest CAGR of over 5.5% and reach a value of over USD 880 million during the study period. The regional market growth is driven by the increasing industrialization, the presence of many producers, economic labor, and the inclination of major global manufacturers towards low-cost countries. Moreover, the rising investments in oil & gas exploration activities surge the expansion of the market in the region.
Europe accounted for the second-largest market of the global cast elastomers market in 2018 owing to the presence of major end-use industries, high investments in R&D activities, and existing global automotive producers in the region. The region is expected to register a CAGR of around 3% during the review period.
Major Players
The Key players of the Global Cast Elastomers Market are BASF SE (Germany), The Dow Chemical Company (US), Huntsman International (US), Covestro AG (Germany), Chemline (US), LANXESS AG (Germany), Mitsui Chemicals (Japan), Wanhua Chemicals (China), ERA polymer (Australia), and Accella Corporation (US)
COVID 19 Impact
We are continuously tracking the impact of the COVID-19 pandemic on various industries and verticals within all domains. Our research reports include the same and help you understand the drop and rise, owing to the impact of COVID-19 on the industries. Also, we help you to identify the gap between the demand and supply of your interested market. Moreover, the report helps you with the analysis, amended government regulations, and many other useful insights.
Table of Contents
TABLE OF CONTENT
1 EXECUTIVE SUMMARY
1.1 MARKET ATTRACTIVENESS ANALYSIS 18
1.1.1 GLOBAL CAST ELASTOMERS MARKET, BY TYPE, 2018 19
1.1.2 GLOBAL CAST ELASTOMERS MARKET, BY APPLICATION,2018 20
1.1.3 GLOBAL CAST ELASTOMERS MARKET, BY REGION,2018 21
2 MARKET INTRODUCTION
2.1 DEFINITION 22
2.2 SCOPE OF THE STUDY 22
2.3 MARKET STRUCTURE 23
3 RESEARCH METHODOLOGY
3.1 RESEARCH PROCESS 24
3.2 PRIMARY RESEARCH 25
3.3 SECONDARY RESEARCH 26
3.4 MARKET SIZE ESTIMATION 26
3.5 TOP-DOWN AND BOTTOM-UP APPROACH 27
3.6 FORECAST MODEL 28
3.7 LIST OF ASSUMPTIONS 29
4 MARKET DYNAMICS
4.1 INTRODUCTION 30
4.2 DRIVERS 31
4.2.1 INDUSTRIAL DEVELOPMENT ACROSS THE GLOBE 31
4.2.2 INCREASING USE IN THE AUTOMOTIVE INDUSTRY 32
4.2.3 GROWING DEMAND FROM THE OIL AND GAS INDUSTRY 32
4.3 RESTRAINTS 34
4.3.1 LIMITED SHELF LIFE OF PRODUCTS 34
4.3.2 POOR PERFORMANCE IN HIGH TEMPERATURE AND NON-BIODEGRADIBILITY OF CAST ELASTOMERS 35
4.4 OPPORTUNITY 37
4.4.1 WIDENING SCOPE OF APPLICATIONS 37
4.5 TREND 37
4.5.1 DEVELOPMENT OF NEW TECHNOLOGIES 37
5 MARKET FACTOR ANALYSIS
5.1 SUPPLY CHAIN ANALYSIS 38
5.1.1 RAW MATERIALS SUPPLIERS 38
5.1.2 MANUFACTURERS 39
5.1.3 DISTRIBUTION & SALES CHANNEL 39
5.1.4 APPLICATIONS 39
5.2 PORTER’S FIVE FORCES ANALYSIS 40
5.2.1 THREAT OF NEW ENTRANTS 40
5.2.2 RIVALRY 41
5.2.3 THREAT OF SUBSTITUTES 41
5.2.4 BARGAINING POWER OF SUPPLIERS 41
5.2.5 BARGAINING POWER OF BUYERS 41
5.3 PRICING ANALYSIS 41
5.4 IMPACT OF CORONAVIRUS OUTBREAK ON THE GLOBAL CAST ELASTOMERS MARKET 43
6 GLOBAL CAST ELASTOMERS MARKET, BY TYPE
6.1 INTRODUCTION 45
6.2 HOT CAST 46
6.3 COLD CAST 47
7 GLOBAL CAST ELASTOMERS MARKET, BY APPLICATION
7.1 INTRODUCTION 49
7.2 INDUSTRIAL 51
7.3 AUTOMOTIVE 52
7.4 MINING 53
7.5 OIL AND GAS 54
7.6 AGRICULTURE 55
7.7 SPORT AND LEISURE 56
7.8 OTHERS 57
8 GLOBAL CAST ELASTOMERS MARKET, BY REGION
8.1 INTRODUCTION 59
8.2 NORTH AMERICA 63
8.2.1 US 65
8.2.2 CANADA 67
8.3 EUROPE 69
8.3.1 GERMANY 72
8.3.2 UK 74
8.3.3 RUSSIA 76
8.3.4 FRANCE 78
8.3.5 SPAIN 80
8.3.6 ITALY 82
8.3.7 POLAND 84
8.3.8 BELGIUM 86
8.3.9 NETHERLANDS 88
8.3.10 REST OF EUROPE 90
8.4 ASIA-PACIFIC 92
8.4.1 CHINA 95
8.4.2 JAPAN 97
8.4.3 99
8.4.4 INDIA 99
8.4.5 SOUTH KOREA 101
8.4.6 AUSTRALIA & NEW ZEALAND 103
8.4.7 INDONESIA 105
8.4.8 THAILAND 107
8.4.9 REST OF ASIA-PACIFIC 109
8.5 MIDDLE EAST & AFRICA 111
8.5.1 GCC 114
8.5.2 ISRAEL 116
8.5.3 IRAN 118
8.5.4 SOUTH AFRICA 120
8.5.5 REST OF MIDDLE EAST 122
8.6 LATIN AMERICA 124
8.6.1 BRAZIL 127
8.6.2 MEXICO 129
8.6.3 ARGENTINA 131
8.6.4 REST OF LATIN AMERICA 133
9 COMPETITIVE LANDSCAPE
9.1 COMPETITIVE OVERVIEW 135
9.2 MARKET STRATEGY ANALYSIS 135
9.3 COMPETITIVE BENCHMARKING 136
10 COMPANY PROFILES
10.1 BASF SE 137
10.1.1 COMPANY OVERVIEW 137
10.1.2 FINANCIAL OVERVIEW 138
10.1.3 PRODUCTS OFFERED 138
10.1.4 KEY DEVELOPMENTS 139
10.1.5 SWOT ANALYSIS 139
10.1.6 KEY STRATEGIES 139
10.2 THE DOW CHEMICAL COMPANY 140
10.2.1 COMPANY OVERVIEW 140
10.2.2 FINANCIAL OVERVIEW 141
10.2.3 PRODUCTS OFFERED 141
10.2.4 KEY DEVELOPMENTS 141
10.2.5 SWOT ANALYSIS 142
10.2.6 KEY STRATEGIES 142
10.3 HUNTSMAN INTERNATIONAL LLC 143
10.3.1 COMPANY OVERVIEW 143
10.3.2 FINANCIAL OVERVIEW 143
10.3.3 PRODUCTS OFFERED 144
10.3.4 KEY DEVELOPMENTS 144
10.3.5 SWOT ANALYSIS 144
10.3.6 KEY STRATEGIES 145
10.4 COVESTRO AG 146
10.4.1 COMPANY OVERVIEW 146
10.4.2 FINANCIAL OVERVIEW 147
10.4.3 PRODUCTS OFFERED 147
10.4.4 KEY DEVELOPMENTS 148
10.4.5 SWOT ANALYSIS 148
10.4.6 KEY STRATEGIES 148
10.5 CHEMLINE 149
10.5.1 COMPANY OVERVIEW 149
10.5.2 FINANCIAL OVERVIEW 149
10.5.3 PRODUCTS OFFERED 149
10.5.4 KEY DEVELOPMENTS 149
10.5.5 SWOT ANALYSIS 150
10.5.6 KEY STRATEGIES 150
10.6 LANXESS 151
10.6.1 COMPANY OVERVIEW 151
10.6.2 FINANCIAL OVERVIEW 152
10.6.3 PRODUCTS OFFERED 152
10.6.4 KEY DEVELOPMENTS 152
10.6.5 SWOT ANALYSIS 153
10.6.6 KEY STRATEGIES 153
10.7 MITSUI CHEMICALS 154
10.7.1 COMPANY OVERVIEW 154
10.7.2 INANCIAL OVERVIEW 155
10.7.3 PRODUCTS OFFERED 155
10.7.4 KEY DEVELOPMENTS 155
10.7.5 SWOT ANALYSIS 156
10.7.6 KEY STRATEGIES 156
10.8 WANHUA CHEMICALS 157
10.8.1 COMPANY OVERVIEW 157
10.8.2 FINANCIAL OVERVIEW 157
10.8.3 PRODUCTS OFFERED 158
10.8.4 KEY DEVELOPMENTS 158
10.8.5 SWOT ANALYSIS 159
10.8.6 KEY STRATEGIES 159
10.9 ERA POLYMERS 160
10.9.1 COMPANY OVERVIEW 160
10.9.2 FINANCIAL OVERVIEW 160
10.9.3 PRODUCTS OFFERED 160
10.9.4 KEY DEVELOPMENTS 160
10.9.5 SWOT ANALYSIS 161
10.9.6 KEY STRATEGIES 161
10.10 ACCELLA CORPORATION 162
10.10.1 COMPANY OVERVIEW 162
10.10.2 FINANCIAL OVERVIEW 162
10.10.3 PRODUCTS OFFERED 162
10.10.4 KEY DEVELOPMENTS 162
10.10.5 SWOT ANALYSIS 163
10.10.6 KEY STRATEGIES 163
11 APPENDIX
11.1 REFERENCES 164
11.2 RELATED REPORTS 164
