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
[129 Pages Report] Cast Elastomers Market was valued USD 1.15 billion in 2017 and is projected to reach USD 1.52 billion by 2023, at a CAGR of 4.8% between 2018 and 2023. In this study, 2017 has been considered the base year and 2023 the forecast year to estimate the cast elastomers market size.
The objectives of the study are:
- To analyze and forecast the global cast elastomers market, in terms of value and volume
- To provide detailed information about the key growth factors (drivers, restraints, opportunities, and challenges) influencing the growth of the market
- To analyze and forecast the size of the market on the basis of type and end-use industry
- To estimate and forecast the market size on the basis of five regions, namely, Europe, APAC, North America, Middle East & Africa, and South America
- To estimate and forecast the cast elastomers market at country-level in each of the regions
- To analyze the market opportunities and present a competitive landscape of the market
- To analyze competitive developments, such as new product developments, expansions, mergers & acquisitions, and joint ventures in the cast elastomers market
- To strategically identify and profile key market players and analyze their core competencies*
Note: Core competencies* of the companies are determined in terms of their key developments and key strategies adopted by them to sustain their positions in the market.
Different secondary sources, such as company websites, encyclopedia, directories, and databases, such as Hoovers, Bloomberg, Businessweek, Factiva, and OneSource have been used to identify and collect information useful for this extensive, commercial study of the global cast elastomers market. Primary sources, including experts from related industries, have been interviewed to verify and collect critical information and assess prospects of the market. The top-down approach has been implemented to validate the market size in terms of value. Along with the data triangulation procedures and validation of data through primaries, the exact values of the overall parent market size and individual market sizes have been determined and confirmed in this study.
To know about the assumptions considered for the study, download the pdf brochure
The cast elastomers market has a diversified and established ecosystem of upstream players, such as raw material suppliers, and downstream stakeholders, such as manufacturers, vendors, end users, and government organizations.
This study answers several questions for stakeholders, primarily, which market segments they should focus upon during the next 2 to 5 years to prioritize their efforts and investments. These stakeholders include cast elastomer manufacturers, such as Covestro (Germany), Huntsman (US), Lanxess (Germany), DowDuPont (US), BASF (Germany), Tosoh Corporation (Japan), Mitsui Chemicals (Japan), Coim Group (Italy), and Era Polymers (Australia), among others.
Key Target Audience:
- Manufacturers of Cast Elastomers
- Manufacturers in End-use Industries, such as Automotive & Transportation, Mining, Industrial, and Oil & Gas
- Traders, Distributors, and Suppliers of Cast Elastomers
- Government and Regional Agencies and Research Organizations
Scope of the Report:
This research report categorizes the global cast elastomers market based on type, end-use industry, and region, forecasts revenue growth, and provides an analysis of trends in each of the submarkets.
Based on Type:
- Hot Cast
- Cold Cast
Each type is further described in detail in the report with value and volume forecasts until 2023.
Based on End-use Industry:
- Automotive & Transportation
- Industrial
- Mining
- Oil & Gas
- Others
Each end-use industry is further described in detail in the report with value forecasts until 2023.
Based on Region:
- APAC
- North America
- Europe
- Middle East & Africa
- South America
Each region is further segmented by key countries, such as China, India, Japan, South Korea, the US, Mexico, Canada, Germany, the UK, Italy, Spain, France, Russia, Turkey, Saudi Arabia, Iran, South Africa, Argentina, and Brazil.
Available Customizations: The following customization options are available for the report:
- Company Information
Analysis and profiles of additional global as well as regional market players (up to 3)
- Geographic Analysis
Further breakdown of the Rest of APAC cast elastomers market into Indonesia, Singapore, Malaysia, the Philippines, Thailand, and others
Further breakdown of the Rest of Europe cast elastomers market into Poland, the Netherlands, Belgium, and others
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 industrial, automotive & transportation, mining, oil & gas, and others.
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 in 2018, 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.
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 global cast elastomers market is witnessing moderate growth. Factors restraining and challenging the growth of the cast elastomers market are fluctuating raw material prices and compliance with stringent regulations and standards.
Covestro (Germany), Huntsman (US), Lanxess (Germany), DowDuPont (US), and BASF (Germany), lead the global cast elastomers market. These players are the major manufacturers of cast elastomers and are gaining a strong foothold in the market due to their robust business strategies.
To speak to our analyst for a discussion on the above findings, click Speak to Analyst
Table of Contents
1 Introduction (Page No. - 14)
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 (Page No. - 17)
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 (Page No. - 25)
4 Premium Insights (Page No. - 29)
4.1 Attractive Opportunities in the Cast Elastomers Market
4.2 Cast Elastomers Market, By Region
4.3 Hot Cast Elastomers Market
4.4 Cast Elastomers Market, By Country
4.5 Cast Elastomers Market, By Type
5 Market Overview (Page No. - 32)
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 Manufacturing Activities in 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 (Page No. - 37)
6.1 Porters Five Forces Analysis
6.1.1 Threat of New Entrants
6.1.2 Threat of Substitutes
6.1.3 Bargaining Power of Suppliers
6.1.4 Bargaining Power of Buyers
6.1.5 Intensity of Competitive Rivalry
6.2 Macroeconomic Overview and Key Trends
6.2.1 Trends and Forecast of GDP
6.2.2 Automotive Industry
7 Cast Elastomers Market, By Type (Page No. - 42)
7.1 Introduction
7.2 Hot Cast Elastomer
7.3 Cold Cast Elastomer
8 Cast Elastomers Market, By End-Use Industry (Page No. - 48)
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 (Page No. - 57)
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 Spain
9.4.6 Russia
9.4.7 Turkey
9.4.8 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 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 (Page No. - 89)
10.1 Introduction
10.2 Market Ranking Analysis
10.3 Competitive Situation 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 (Page No. - 95)
(Business Overview, Products Offered, Recent Developments, SWOT Analysis, MnM View)*
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
*Details on Business Overview, Products Offered, Recent Developments, SWOT Analysis, MnM View Might Not Be Captured in Case of Unlisted Companies.
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.
12 Appendix (Page No. - 122)
12.1 Insights From Industry Experts
12.2 Discussion Guide
12.3 Knowledge Store: Marketsandmarkets Subscription Portal
12.4 Introducing RT: Real-Time Market Intelligence
12.5 Available Customizations
12.6 Related Reports
12.7 Author Details
List of Tables (68 Tables)
Table 1 Trends and Forecast of Per Capita GDP (USD)
Table 2 Production Volumes of Automobiles (Number of Units)
Table 3 Cast Elastomers Market Size, By Type, 20162023 (USD Million)
Table 4 Market Size, By Type, 20162023 (Thousand Ton)
Table 5 Hot Cast Elastomers Market Size, By Region, 20162023 (USD Million)
Table 6 Hot Cast Elastomers Market Size, By Region, 20162023 (Thousand Ton)
Table 7 Cold Cast Elastomers Market Size, By Region, 20162023 (USD Million)
Table 8 Cold Cast Elastomers Market Size, By Region, 20162023 (Thousand Ton)
Table 9 Cast Elastomers Market Size, By End-Use Industry, 20162023 (USD Million)
Table 10 Market Size in Industrial, By Region, 20162023 (USD Million)
Table 11 Cast Elastomers Market Size in Automotive & Transportation, By Region, 20162023 (USD Million)
Table 12 Market Size in Mining, By Region, 20162023 (USD Million)
Table 13 Cast Elastomers Market Size in Oil & Gas, By Region, 20162023 (USD Million)
Table 14 Market Size in Other End-Use Industries, By Region, 20162023 (USD Million)
Table 15 Cast Elastomers Market Size, By Region, 20162023 (USD Million)
Table 16 Market Size, By Region, 20162023 (Thousand Ton)
Table 17 APAC: Market Size, By Country, 20162023 (USD Million)
Table 18 APAC: Market Size, By Country, 20162023 (Thousand Ton)
Table 19 APAC: Market, By Type, 20162023 (USD Million)
Table 20 APAC: Market, By Type, 20162023 (Thousand Ton)
Table 21 APAC: Market, By End-Use Industry, 20162023 (USD Million)
Table 22 China: Market, By End-Use Industry, 20162023 (USD Million)
Table 23 Japan: Market, By End-Use Industry, 20162023 (USD Million)
Table 24 India: Market, By End-Use Industry, 20162023 (USD Million)
Table 25 South Korea: Market, By End-Use Industry, 20162023 (USD Million)
Table 26 Rest of APAC: Market, By End-Use Industry, 20162023 (USD Million)
Table 27 North America: Market Size, By Country, 20162023 (USD Million)
Table 28 North America: Market Size, By Country, 20162023 (Thousand Ton)
Table 29 North America: Market, By Type, 20162023 (USD Million)
Table 30 North America: Market, By Type, 20162023 (Thousand Ton)
Table 31 North America: Market, By End-Use Industry, 20162023 (USD Million)
Table 32 US: Cast Elastomers Market, By End-Use Industry, 20162023 (USD Million)
Table 33 Canada: Market, By End-Use Industry, 20162023 (USD Million)
Table 34 Mexico : Market, By End-Use Industry, 20162023 (USD Million)
Table 35 Europe: Market Size, By Country, 20162023 (USD Million)
Table 36 Europe: Market Size, By Country, 20162023 (Thousand Ton)
Table 37 Europe: Market Size, By End-Use Industry 20162023 (USD Million)
Table 38 Europe: Market Size, By Type, 20162023 (USD Million)
Table 39 Europe: Market Size, By Type, 20162023 (Thousand Ton)
Table 40 Germany: Market Size, By End-Use Industry, 20162023 (USD Million)
Table 41 France: Market Size, By End-Use Industry, 20162023 (USD Million)
Table 42 UK: Cast Elastomers Market Size, By End-Use Industry, 20162023 (USD Million)
Table 43 Italy: Market Size, By End-Use Industry, 20162023 (USD Million)
Table 44 Spain: Market Size, By End-Use Industry, 20162023 (USD Million)
Table 45 Russia: Market Size, By End-Use Industry, 20162023 (USD Million)
Table 46 Turkey: Market Size, By End-Use Industry, 20162023 (USD Million)
Table 47 Rest of Europe: Cast Elastomers Market Size, By End-Use Industry, 20162023 (USD Million)
Table 48 Middle East & Africa: Market Size, By Country, 20162023 (USD Million)
Table 49 Middle East & Africa: Market Size, By Country, 20162023 (Thousand Ton)
Table 50 Middle East & Africa: Market Size, By Type, 20162023 (USD Million)
Table 51 Middle East & Africa: Market Size, By Type, 20162023 (Thousand Ton)
Table 52 Middle East & Africa: Market Size, By End-Use Industry, 20162023 (USD Million)
Table 53 Iran: Cast Elastomers Market Size, By End-Use Industry, 20162023 (USD Million)
Table 54 Saudi Arabia: Market Size, By End-Use Industry, 20162023 (USD Million)
Table 55 South Africa: Market Size, By End-Use Industry, 20162023 (USD Million)
Table 56 Rest of the Middle East & Africa: Market Size, By End-Use Industry, 20162023 (USD Million)
Table 57 South America: Market, By Country, 20162023 (USD Million)
Table 58 South America: Market, By Country, 20162023 (Thousand Ton)
Table 59 South America: Market, By Type, 20162023 (USD Million)
Table 60 South America: Market, By Type, 20162023 (Thousand Ton)
Table 61 South America: Market, By End-Use Industry, 20162023 (USD Million)
Table 62 Brazil: Cast Elastomers Market, By End-Use Industry, 20162023 (USD Million)
Table 63 Argentina: Market, By End-Use Industry, 20162023 (USD Million)
Table 64 Rest of South America: Cast Elastomers Market, By End-Use Industry, 20162023 (USD Million)
Table 65 New Product Development, 20142018
Table 66 Expansion, 20142018
Table 67 Merger & Acquisition, 20142018
Table 68 Joint Venture, 20142018
List of Figures (45 Figures)
Figure 1 Cast Elastomers Market: Research Design
Figure 2 Breakdown of Primary Interviews
Figure 3 Market Size Estimation: Bottom-Up Approach
Figure 4 Market Size Estimation: Top-Down Approach
Figure 5 Cast Elastomers Market: Data Triangulation
Figure 6 Hot Cast Segment to Lead the Cast Elastomers Market
Figure 7 Industrial Sector to Be the Largest Consumer of Cast Elastomers
Figure 8 APAC Was the Largest Cast Elastomers Market in 2017
Figure 9 India to Be the Fastest-Growing Cast Elastomers Market During the Forecast Period
Figure 10 Growing End-Use Industries to Drive the Cast Elastomers Market
Figure 11 APAC to Be the Fastest-Growing Cast Elastomers Market Between 2018 and 2023
Figure 12 APAC is the Largest Hot Cast Elastomers Market
Figure 13 India to Register the Highest CAGR Between 2018 and 2023
Figure 14 Hot Cast to Dominate the Cast Elastomers Market
Figure 15 Overview of Factors Governing the Cast Elastomers Market
Figure 16 Automobile Production in APAC Countries (Million Units)
Figure 17 Average Price of Crude Oil Between 2000 and 2017 (USD/Bbl)
Figure 18 Cast Elastomers Market: Porters Five Forces Analysis
Figure 19 Hot Cast Segment to Dominate the Market Between 2018 and 2023
Figure 20 APAC to Be the Largest Hot Cast Elastomers Market Between 2018 and 2023
Figure 21 APAC to Be Fastest-Growing Cold Cast Elastomers Market Between 2018 and 2023
Figure 22 Industrial to Be Largest End-Use Industry Segment Between 2018 and 2023
Figure 23 APAC to Be Largest Cast Elastomers Market in the Industrial Segment
Figure 24 APAC to Be the Largest Market in the Automotive & Transportation Segment
Figure 25 APAC to Be the Largest Market in Mining Industry
Figure 26 North America to Be the Largest Cast Elastomers Market in Oil & Gas Industry
Figure 27 APAC to Be the Largest Market in Other End-Use Industries
Figure 28 India to Be the Fastest-Growing Cast Elastomers Market
Figure 29 APAC: Cast Elastomers Market Snapshot
Figure 30 North America: Cast Elastomers Market Snapshot
Figure 31 Middle East & Africa: Market Snapshot
Figure 32 Companies Primarily Adopted Organic Growth Strategies Between 2014 and 2018
Figure 33 Covestro: Company Snapshot
Figure 34 Covestro: SWOT Analysis
Figure 35 Huntsman: Company Snapshot
Figure 36 Huntsman: SWOT Analysis
Figure 37 Lanxess: Company Snapshot
Figure 38 Lanxess: SWOT Analysis
Figure 39 Dowdupont: Company Snapshot
Figure 40 Dowdupont: SWOT Analysis
Figure 41 BASF: Company Snapshot
Figure 42 BASF: SWOT Analysis
Figure 43 Tosoh Corporation: Company Snapshot
Figure 44 Mitsui Chemicals: Company Snapshot
Figure 45 Wanhua Chemical: Company Snapshot
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