Cast Elastomer Market

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Cast Elastomer Market by Type(Hot Cast Elastomer, Cold Cast Elastomer), End-use Industry (Industrial, Automotive & Transportation, Oil & Gas, Mining), and Region (APAC, North America, Europe, South America, Middle East & Africa) - Global Forecast to 2026

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Report Code: CH 6406 Sep, 2021, by marketsandmarkets.com

[148 Pages Report] The global cast elastomer market size is projected to reach USD 1.8 billion by 2026 from USD 1.4 billion in 2021, at a CAGR of 5.0% during the forecast period. Growing demand for cast elastomer from the manufacturing sector is driving the market. Additionally, the growing demand for cast elastomer from value added end-use industries such as automotive & transportation, oil & gas, and mining, as well as rapid industrialization in emerging economies are the major drivers for the market. Better properties than traditional materials such as high load-bearing capacity, high resilience, high impact strength, high abrasion resistance, and excellent resistance to oil and grease are also driving the market for cast elastomer.

Cast Elastomers Market

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COVID-19 impact on Global Cast elastomer Market

COVID-19 has led the industrial and manufacturing sectors into an unknown operating environment globally. Government restrictions on the number of people that can gather at one place have severely impacted the sectors. For example, the component manufacturing sector is highly hit by the impact of the virus. The production and factory operations in the automotive, electronics, and aerospace industries were temporarily shut down during the lockdown period. Most of the industries are dependent on China for raw material supply. Hence, supply chain disruptions also have had a major impact on industrial output. The global economy had contracted due to the pandemic. The impact of COVID-19 on all industries will continue as long as the pandemic lasts. Factors such as loss in investments, liquidity shortage, labor shortage, supply chain constraints, and the overall global economic uncertainty are affecting the growth of the industrial sector. For the last few months, many countries, including India, China, and the US, have opened the economy, and industrial activities have resumed but with limited workforce and materials. The industrial output is expected to rebound as most of the economies have started opening. The manufacturers of cast elastomers have also experienced a negative impact of COVID-19 on sales volume in the first and second quarters of 2020. Major players in the market are mitigating the risk by particularly focusing on local management and by targeting untapped market opportunities.

Cast elastomer: Market Dynamics

Driver: Increasing demand from high-value end-use industries

Cast elastomers are likely to witness significant growth in the coming years due to its increasing demand from various end-use industries such as mining, automotive & transportation, machinery, medical, and oil & gas. Cast elastomers can be molded to meet various durometer hardness according to the requirements of a specific application. In the mining industry, hot cast polyurethane elastomers are particularly used in mineral processing applications such as separating screens, conveyor scrapers, and other components. The high load-bearing capacity, high abrasion resistance, resilience, and impact strength properties of cast polyurethane elastomers help increase the performance and longevity of mining equipment. The growth in the cast elastomers market will also be supported by the increasing output in the mining industry with growing exploration activities, particularly in the emerging economies.

Restrain: Hazardous impact on the environment and human health

Isocyanates are highly reactive and low molecular weight chemicals which are used in the manufacturing of products such as coatings, fibers, flexible and rigid foams, varnishes, and elastomers. Isocyanates such as MDI, TDI, and HDI, which are highly reactive and toxic, are the major raw materials used for the production of polyurethane cast elastomers. Hence, there is a widespread outcry against the sales and consumption of these chemicals. Overexposure to isocyanates vapors is hazardous to human health as it can cause skin, eye, nose, throat, and lung irritation. Workers exposed to these isocyanates tend to develop respiratory sensitivity which may cause severe asthma reactions. Thus, preventing workers from exposure to isocyanates is a very critical step to curb health hazards. Some of the protective measures, including the use of engineering controls (local exhaust ventilation), appropriate personal protective equipment (respiratory protection), and other workplace practices (proper handling and storage), should be taken whenever there is exposure to airborne concentrations of isocyanates. These factors can add to the final production costs, thus, reducing the profit margins of the cast elastomers market.

Opportunity: Continuous technological developments

The harmful effects of exposure to isocyanates and the implementation of stringent regulations have encouraged manufacturers to undertake regular technological advancements. The increased awareness towards environment sustainability, rising competition, and volatility in raw material prices have also encouraged manufacturers to develop new products. For instance, products with low free or low residual monomer content reduce the exposure to potentially carcinogenic substances and also improve their physical properties. Companies such as Era Polymers and Covestro have introduced a number of low free monomer prepolymers. Also, there is a continuous increase in the demand for green polyurethane. This has further increased the interest in the development of sustainable PU products such as bio-based polyols. Also, there have been continuous efforts by manufacturers to develop bio-based isocyanates to reduce the harmful effects of petroleum-based isocyanates. Such initiatives, in line with continuous technological advancement, are projected to offer immense growth opportunities for the players in the cast elastomers market.

Challenge: Fluctuating raw material prices

The raw materials used for manufacturing cast elastomers are isocyanates and polyols which are derived from crude oil or natural gas. For determining the cost structure of their products, cast polyurethane system manufacturers have to consider prices and availability of raw materials. Fluctuation in raw material prices increases the operating cost, which, in turn, results in costlier end product. These petroleum-based raw materials are vulnerable to fluctuations in commodity prices. However, due to the current pandemic, almost all countries have banned both, domestic and international travel. This has resulted in a significant reduction in the demand for fuel for transportation, which has further affected the prices of crude oil. Due to these fluctuations in crude oil prices, the prices of raw materials for cast elastomer have been affected.

Hot cast elastomer accounted for the largest share amongst other types in the cast elastomer market

Hot cast elastomers have a wide range of applications and exhibit properties of polyurethane. The main growth driver of the high consumption of these cast elastomers is owing to their properties such as cost-effectiveness, versatility, and durability. These elastomers are used in applications such as rollers and industrial wheels, which demand a high degree of performance. These elastomers find applications in automotive, mining, oil, medical, heavy-duty equipment, and transport industries.

Industrial segment accounted for the largest market share amongst other end-use industry in the cast elastomer market

The high demand in the industrial segment can be credited to its wide variety of applications for cast elastomer in this sector. Increasing number of industries and machinery is assisting in boosting the demand for cast elastomers in this sector. Cast elastomers are used in the industrial sector in a wide range of applications such as coupling elements, seals & gaskets, conveyer belts, forklift wheels, and others. These components are in turn used in various sectors such as paper, construction, heavy industries, and others. Growing demand for energy efficient and environment friendly equipments is also expected to affect the cast elastomers market in a positive manner.

APAC is projected to grow the fastest in the cast elastomer market during the forecast period.

APAC is the fastest-growing market for cast elastomers. This growth can be largely attributed to the growing manufacturing sector in developing economies, such as India, China, Indonesia, Malaysia, Thailand, and others in the region, where demand for industrial machineries and equipments is growing rapidly. Furthermore, growth in population and increasing urbanization are also driving the market and increasing cast elastomer utilization. In addition, progress in industrialization, increasing demand due to changing demographics, and government initiatives are expected to attract business investments in industries such as power, oil & gas, metal processing, construction, and mining are also driving the market for cast elastomers in the region.

Cast Elastomers Market by Region

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Key Market Players

The key players in the cast elastomer market include Covestro AG (Germany), Huntsman Corporation (US), Lanxess (Germany), Dow (US), BASF (Germany), Tosoh Corporation (Japan), Mitsui Chemicals, Inc. (Japan), and Era Polymers (Australia). These players have established a strong foothold in the market by adopting strategies, such as new product launches, investment & expansions, agreement & collaboration, and mergers & acquisitions between 2016 and 2021.

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Scope of the Report

Report Metric	Details
Years considered for the study	2019�2026
Base year considered	2020
Forecast period	2021�2026
Units considered	Volume (Kiloton) and Value (USD Million)
Segments	End-use industry, Type, and Region
Regions	North America, APAC, Europe, Middle East & Africa, and South America
Companies	Covestro AG (Germany), Huntsman Corporation (US), Lanxess (Germany), Dow (US), BASF (Germany), Tosoh Corporation (Japan), Mitsui Chemicals, Inc. (Japan), and Era Polymers (Australia) 25 major players covered.

This research report categorizes the cast elastomer market based on end-use industry, type, and region.

By Type:

Hot cast elastomer
Cold cast elastomer

By End-use Industry:

Industrial
Automotive & Transportation
Oil & gas
Mining
Others

By Region:

North America
APAC
Europe
Middle East & Africa
South America

The cast elastomer market has been further analyzed based on key countries in each of these regions.

Recent Developments

In August 2020, Lanxess developed a new range of MDI polyether prepolymers from bio-based raw materials under the brand name Adiprene Green. The properties of Adiprene Green are similar to the fossil-based polyether elastomers offered by the company.
In November 2020, Covestro AG developed a sustainable cast elastomer solution focusing on the offshore industry to reduce carbon impact.
In September 2019, Huntsman Corporation started new polyurethanes systems house in Dubai, Jebel Ali Free Trade Zone. This expansion aims to strengthen Huntsman's downstream capabilities in the Middle East and North Africa and increasing its capacity to produce polyurethane systems and polyester polyols for customers. It will produce systems for the prepolymers for coatings, adhesives, sealants and elastomers applications.
In May 2019, Dow had selected Univar Solutions as a key North American channel to market, distributing Dow's broad product portfolio of polyols and isocyanates. The collaboration aims to offer best solutions and experiences to their customers.

Frequently Asked Questions (FAQ):

What is the current size of the global cast elastomer market?

Global cast elastomers market size is projected to reach USD 1.8 billion by 2026 from USD 1.4 billion in 2021, at a CAGR of 5.0% during the forecast period

Are there any regulations for cast elastomers?

Several countries in Europe and North America have introduced regulations for this market. For e.g., in the European Union (EU), increasing level of carbon emission owing to the release of hazardous gases from cast elastomers manufacturing facilities attracted the attention of various regulatory bodies such as the EPA and the European Chemicals Agency (EHCA). Regulators are also coming up with legislation to limit isocyanates consumption in polyurethanes.

Who are the winners in the global cast elastomer market?

Companies such as Covestro AG (Germany), Huntsman Corporation (US), Lanxess (Germany), Dow (US), BASF (Germany), Tosoh Corporation (Japan), Mitsui Chemicals, Inc. (Japan), and Era Polymers (Australia) come under the winner�s category. They have the potential to broaden their product portfolio and compete with other key market players. Such advantages give these companies an edge over other companies.

What is the COVID-19 impact on cast elastomer manufacturers?

Due to the ongoing pandemic, sectors such as oil & gas, manufacturing, automotive, and power have been impacted globally. The COVID-19 pandemic slowed the growth of the manufacturing sector in 2020 during the lockdown period. The industry had to cope with supply chain disruptions, a shift in demand patterns, and other emergency measures. However, the situation is expected to improve as the economies stabilize and industrial activities normalize.

What are some of the drivers in the market?

The increasing requirement of cast elastomers in emerging economies due to rapid industrialization and superior properties compared to conventional counterparts are the major driving factors for the market. .

To speak to our analyst for a discussion on the above findings, click Speak to Analyst

TABLE OF CONTENTS

1 INTRODUCTION (Page No. - 21)
    1.1 OBJECTIVES OF THE STUDY
    1.2 MARKET DEFINITION
    1.3 MARKET SCOPE
           1.3.1 CAST ELASTOMER MARKET SEGMENTATION
           1.3.2 REGIONS COVERED
           1.3.3 YEARS CONSIDERED FOR THE STUDY
    1.4 CURRENCY
    1.5 UNIT CONSIDERED
    1.6 STAKEHOLDERS
    1.7 LIMITATIONS
    1.8 SUMMARY OF CHANGES

2 RESEARCH METHODOLOGY (Page No. - 25)
    2.1 RESEARCH DATA
          FIGURE 1 CAST ELASTOMER MARKET: RESEARCH DESIGN
           2.1.1 SECONDARY DATA
                    2.1.1.1 Key data from secondary sources
           2.1.2 PRIMARY DATA
                    2.1.2.1 Key data from primary sources
                    2.1.2.2 Key industry insights
                    2.1.2.3 Breakdown of primary interviews
    2.2 MARKET SIZE ESTIMATION
           2.2.1 BOTTOM-UP APPROACH
                    FIGURE 2 CAST ELASTOMER MARKET: BOTTOM-UP APPROACH
           2.2.2 TOP-DOWN APPROACH
                    FIGURE 3 CAST ELASTOMER MARKET: TOP-DOWN APPROACH
    2.3 DATA TRIANGULATION
          FIGURE 4 CAST ELASTOMER MARKET: DATA TRIANGULATION
    2.4 LIMITATIONS
    2.5 ASSUMPTIONS

3 EXECUTIVE SUMMARY (Page No. - 32)
    FIGURE 5 HOT CAST ELASTOMER TO BE LARGER TYPE IN THE CAST ELASTOMER MARKET
    FIGURE 6 INDUSTRIAL WAS THE LARGEST END-USE INDUSTRY SEGMENT IN THE CAST ELASTOMER MARKET IN 2020
    FIGURE 7 APAC TO BE THE FASTEST-GROWING CAST ELASTOMER MARKET

4 PREMIUM INSIGHTS (Page No. - 35)
    4.1 ATTRACTIVE OPPORTUNITIES IN THE CAST ELASTOMER MARKET
          FIGURE 8 GROWING DEMAND FOR CAST ELASTOMERS IN EMERGING ECONOMIES TO DRIVE THE MARKET
    4.2 CAST ELASTOMER MARKET, BY TYPE
          FIGURE 9 HOT CAST ELASTOMER TO BE THE LARGER TYPE IN THE MARKET
    4.3 CAST ELASTOMER MARKET, BY END-USE INDUSTRY
          FIGURE 10 INDUSTRIAL SEGMENT TO BE THE LARGEST END-USE INDUSTRY IN THE MARKET
    4.4 CAST ELASTOMER MARKET, BY MAJOR COUNTRIES
          FIGURE 11 INDIA TO RECORD THE HIGHEST CAGR DURING THE FORECAST PERIOD
    4.5 APAC CAST ELASTOMER MARKET, BY END-USE INDUSTRY AND COUNTRY, 2020
          FIGURE 12 INDUSTRIAL SEGMENT AND CHINA ACCOUNTED FOR THE LARGEST SHARES

5 MARKET OVERVIEW (Page No. - 38)
    5.1 INTRODUCTION
    5.2 MARKET DYNAMICS
          FIGURE 13 DRIVERS, RESTRAINTS, OPPORTUNITIES, AND CHALLENGES IN THE CAST ELASTOMER MARKET
           5.2.1 DRIVERS
                    5.2.1.1 Increasing demand from high-value end-use industries
                                FIGURE 14 AUTOMOBILE PRODUCTION IN APAC COUNTRIES (MILLION UNITS)
                    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 advancements
           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. - 43)
    6.1 PORTER�S FIVE FORCES ANALYSIS
          FIGURE 15 CAST ELASTOMER MARKET: PORTER�S 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 VALUE CHAIN ANALYSIS
          FIGURE 16 VALUE CHAIN ANALYSIS
           6.2.1 RAW MATERIAL SUPPLIERS
           6.2.2 CAST ELASTOMER MANUFACTURERS
           6.2.3 DISTRIBUTORS
           6.2.4 COMPONENT MANUFACTURERS
           6.2.5 END-USE INDUSTRIES
    6.3 MACROECONOMIC OVERVIEW AND KEY TRENDS
           6.3.1 TRENDS AND FORECAST OF GDP
                    TABLE 1 GDP OF KEY COUNTRIES, USD BILLION, 2017-2020
           6.3.2 AUTOMOTIVE INDUSTRY
                    TABLE 2 PRODUCTION VOLUMES OF AUTOMOBILES (NUMBER OF UNITS)

7 CAST ELASTOMER MARKET, BY TYPE (Page No. - 49)
    7.1 INTRODUCTION
          FIGURE 17 HOT CAST ELASTOMER SEGMENT TO DOMINATE THE MARKET BETWEEN 2021 AND 2026
          TABLE 3 CAST ELASTOMER MARKET SIZE, BY TYPE, 2019�2026 (USD MILLION)
          TABLE 4 CAST ELASTOMER MARKET SIZE, BY TYPE, 2019�2026 (KILOTON)
    7.2 HOT CAST ELASTOMER
           7.2.1 IDEAL FOR ROLLERS AND INDUSTRIAL WHEELS
    7.3 COLD CAST ELASTOMER
           7.3.1 IDEAL FOR BOWLING BALLS AND TABLE EDGING

8 CAST ELASTOMER MARKET, BY END-USE INDUSTRY (Page No. - 53)
    8.1 INTRODUCTION
          FIGURE 18 INDUSTRIAL TO BE LARGEST END-USE INDUSTRY SEGMENT BETWEEN 2021 AND 2026
          TABLE 5 CAST ELASTOMER MARKET SIZE, BY END-USE INDUSTRY, 2019�2026 (USD MILLION)
          TABLE 6 CAST ELASTOMER MARKET SIZE, BY END-USE INDUSTRY, 2019�2026 (KILOTON)
    8.2 INDUSTRIAL
           8.2.1 LEADING CONSUMER OF CAST ELASTOMERS
                    TABLE 7 CAST ELASTOMER MARKET SIZE IN INDUSTRIAL, BY REGION, 2019�2026 (USD MILLION)
                    TABLE 8 CAST ELASTOMER MARKET SIZE IN INDUSTRIAL, BY REGION, 2019�2026 (KILOTON)
    8.3 AUTOMOTIVE & TRANSPORTATION
           8.3.1 MANUFACTURING OF LIGHTWEIGHT VEHICLES TO CREATE DEMAND FOR CAST ELASTOMERS
                    TABLE 9 CAST ELASTOMER MARKET SIZE IN AUTOMOTIVE & TRANSPORTATION, BY REGION, 2019�2026 (USD MILLION)
                    TABLE 10 CAST ELASTOMER MARKET SIZE IN AUTOMOTIVE & TRANSPORTATION, BY REGION, 2019�2026 (KILOTON)
    8.4 MINING
           8.4.1 DEMAND SET TO RISE IN THE INDUSTRY
                    TABLE 11 CAST ELASTOMER MARKET SIZE IN MINING, BY REGION, 2019�2026 (USD MILLION)
                    TABLE 12 CAST ELASTOMER MARKET SIZE IN MINING, BY REGION, 2019�2026 (KILOTON)
    8.5 OIL & GAS
           8.5.1 RECOVERY OF INDUSTRY FROM THE IMPACT OF THE PANDEMIC TO BE BENEFICIAL FOR MARKET GROWTH
                    TABLE 13 CAST ELASTOMER MARKET SIZE IN OIL & GAS, BY REGION, 2019�2026 (USD MILLION)
                    TABLE 14 CAST ELASTOMER MARKET SIZE IN OIL & GAS, BY REGION, 2019�2026 (KILOTON)
    8.6 OTHERS
          TABLE 15 CAST ELASTOMER MARKET SIZE IN OTHER END-USE INDUSTRIES, BY REGION, 2019�2026 (USD MILLION)
          TABLE 16 CAST ELASTOMER MARKET SIZE IN OTHER END-USE INDUSTRIES, BY REGION, 2019�2026 (KILOTON)

9 CAST ELASTOMER MARKET, BY REGION (Page No. - 61)
    9.1 INTRODUCTION
          FIGURE 19 INDIA TO BE THE FASTEST-GROWING CAST ELASTOMER MARKET
          TABLE 17 CAST ELASTOMER MARKET SIZE, BY REGION, 2019�2026 (USD MILLION)
          TABLE 18 CAST ELASTOMER MARKET SIZE, BY REGION, 2019�2026 (KILOTON)
    9.2 APAC
          FIGURE 20 APAC: CAST ELASTOMER MARKET SNAPSHOT
          TABLE 19 APAC: CAST ELASTOMER MARKET SIZE, BY COUNTRY, 2019�2026 (USD MILLION)
          TABLE 20 APAC: CAST ELASTOMER MARKET SIZE, BY COUNTRY, 2019�2026 (KILOTON)
          TABLE 21 APAC: CAST ELASTOMER MARKET SIZE, BY END-USE INDUSTRY, 2019�2026 (USD MILLION)
          TABLE 22 APAC: CAST ELASTOMER MARKET SIZE, BY END-USE INDUSTRY, 2019�2026 (KILOTON)
           9.2.1 CHINA
                    9.2.1.1 China�s dominant position is attributed to the presence of a huge manufacturing base
                                 TABLE 23 CHINA: CAST ELASTOMER MARKET SIZE, BY END-USE INDUSTRY, 2019�2026 (USD MILLION)
                                 TABLE 24 CHINA: CAST ELASTOMER MARKET SIZE, BY END-USE INDUSTRY, 2019�2026 (KILOTON)
           9.2.2 JAPAN
                    9.2.2.1 Growing automotive sector to boost market growth
                                 TABLE 25 JAPAN: CAST ELASTOMER MARKET SIZE, BY END-USE INDUSTRY, 2019�2026 (USD MILLION)
                                 TABLE 26 JAPAN: CAST ELASTOMER MARKET SIZE, BY END-USE INDUSTRY, 2019�2026 (KILOTON)
           9.2.3 INDIA
                    9.2.3.1 Government initiatives to boost automobile and industrial sectors in the country
                                 TABLE 27 INDIA: CAST ELASTOMER MARKET SIZE, BY END-USE INDUSTRY, 2019�2026 (USD MILLION)
                                 TABLE 28 INDIA: CAST ELASTOMER MARKET SIZE, BY END-USE INDUSTRY, 2019�2026 (KILOTON)
           9.2.4 SOUTH KOREA
                    9.2.4.1 Increasing investments in end-use industries to favor the market growth
                                 TABLE 29 SOUTH KOREA: CAST ELASTOMER MARKET SIZE, BY END-USE INDUSTRY, 2019�2026 (USD MILLION)
                                 TABLE 30 SOUTH KOREA: CAST ELASTOMER MARKET SIZE, BY END-USE INDUSTRY, 2019�2026 (KILOTON)
           9.2.5 REST OF APAC
                     TABLE 31 REST OF APAC: CAST ELASTOMER MARKET SIZE, BY END-USE INDUSTRY, 2019�2026 (USD MILLION)
                     TABLE 32 REST OF APAC: CAST ELASTOMER MARKET SIZE, BY END-USE INDUSTRY, 2019�2026 (KILOTON)
    9.3 NORTH AMERICA
          FIGURE 21 NORTH AMERICA: CAST ELASTOMER MARKET SNAPSHOT
          TABLE 33 NORTH AMERICA: CAST ELASTOMER MARKET SIZE, BY COUNTRY, 2019�2026 (USD MILLION)
          TABLE 34 NORTH AMERICA: CAST ELASTOMER MARKET SIZE, BY COUNTRY, 2019�2026 (KILOTON)
          TABLE 35 NORTH AMERICA: CAST ELASTOMER MARKET SIZE, BY END-USE INDUSTRY, 2019�2026 (USD MILLION)
          TABLE 36 NORTH AMERICA: CAST ELASTOMER MARKET SIZE, BY END-USE INDUSTRY, 2019�2026 (KILOTON)
           9.3.1 US
                    9.3.1.1 High growth of various end-use industries to drive the market
                                 TABLE 37 US: CAST ELASTOMER MARKET SIZE, BY END-USE INDUSTRY, 2019�2026 (USD MILLION)
                                 TABLE 38 US: CAST ELASTOMER MARKET SIZE, BY END-USE INDUSTRY, 2019�2026 (KILOTON)
           9.3.2 CANADA
                    9.3.2.1 Diversified industrial sector to fuel the consumption of cast elastomer
                                 TABLE 39 CANADA: CAST ELASTOMER MARKET SIZE, BY END-USE INDUSTRY, 2019�2026 (USD MILLION)
                                 TABLE 40 CANADA: CAST ELASTOMER MARKET SIZE, BY END-USE INDUSTRY, 2019�2026 (KILOTON)
           9.3.3 MEXICO
                    9.3.3.1 Growing automotive OEM manufacturing to support market growth
                                 TABLE 41 MEXICO: CAST ELASTOMER MARKET SIZE, BY END-USE INDUSTRY, 2019�2026 (USD MILLION)
                                 TABLE 42 MEXICO: CAST ELASTOMER MARKET SIZE, BY END-USE INDUSTRY, 2019�2026 (KILOTON)
    9.4 EUROPE
          TABLE 43 EUROPE: CAST ELASTOMER MARKET SIZE, BY COUNTRY, 2019�2026 (USD MILLION)
          TABLE 44 EUROPE: CAST ELASTOMER MARKET SIZE, BY COUNTRY, 2019�2026 (KILOTON)
          TABLE 45 EUROPE: CAST ELASTOMER MARKET SIZE, BY END-USE INDUSTRY 2019�2026 (USD MILLION)
          TABLE 46 EUROPE: CAST ELASTOMER MARKET SIZE, BY END-USE INDUSTRY 2019�2026 (KILOTON)
           9.4.1 GERMANY
                    9.4.1.1 Strong manufacturing base to fuel the market
                                 TABLE 47 GERMANY: CAST ELASTOMER MARKET SIZE, BY END-USE INDUSTRY, 2019�2026 (USD MILLION)
                                 TABLE 48 GERMANY: CAST ELASTOMER MARKET SIZE, BY END-USE INDUSTRY, 2019�2026 (KILOTON)
           9.4.2 FRANCE
                    9.4.2.1 Automotive & transportation industry to increase demand for cast elastomer
                                 TABLE 49 FRANCE: CAST ELASTOMER MARKET SIZE, BY END-USE INDUSTRY, 2019�2026 (USD MILLION)
                                 TABLE 50 FRANCE: CAST ELASTOMER MARKET SIZE, BY END-USE INDUSTRY, 2019�2026 (KILOTON)
           9.4.3 UK
                    9.4.3.1 Technological advancements to boost the market in the country
                                 TABLE 51 UK: CAST ELASTOMER MARKET SIZE, BY END-USE INDUSTRY, 2019�2026 (USD MILLION)
                                 TABLE 52 UK: CAST ELASTOMER MARKET SIZE, BY END-USE INDUSTRY, 2019�2026 (KILOTON)
           9.4.4 ITALY
                    9.4.4.1 Demand from transportation and manufacturing industries to favor the market growth
                                 TABLE 53 ITALY: CAST ELASTOMER MARKET SIZE, BY END-USE INDUSTRY, 2019�2026 (USD MILLION)
                                 TABLE 54 ITALY: CAST ELASTOMER MARKET SIZE, BY END-USE INDUSTRY, 2019�2026 (KILOTON)
           9.4.5 SPAIN
                    9.4.5.1 Growing domestic demand and rising export of automobiles to drive the market
                                 TABLE 55 SPAIN: CAST ELASTOMER MARKET SIZE, BY END-USE INDUSTRY, 2019�2026 (USD MILLION)
                                 TABLE 56 SPAIN: CAST ELASTOMER MARKET SIZE, BY END-USE INDUSTRY, 2019�2026 (KILOTON)
           9.4.6 RUSSIA
                    9.4.6.1 Industrial development to boost the demand for cast elastomer
                                 TABLE 57 RUSSIA: CAST ELASTOMER MARKET SIZE, BY END-USE INDUSTRY, 2019�2026 (USD MILLION)
                                 TABLE 58 RUSSIA: CAST ELASTOMER MARKET SIZE, BY END-USE INDUSTRY, 2019�2026 (KILOTON)
           9.4.7 TURKEY
                    9.4.7.1 Presence of large automotive industry players to increase the demand for cast elastomer
                                 TABLE 59 TURKEY: CAST ELASTOMER MARKET SIZE, BY END-USE INDUSTRY, 2019�2026 (USD MILLION)
                                 TABLE 60 TURKEY: CAST ELASTOMER MARKET SIZE, BY END-USE INDUSTRY, 2019�2026 (KILOTON)
           9.4.8 REST OF EUROPE
                     TABLE 61 REST OF EUROPE: CAST ELASTOMER MARKET SIZE, BY END-USE INDUSTRY, 2019�2026 (USD MILLION)
                     TABLE 62 REST OF EUROPE: CAST ELASTOMER MARKET SIZE, BY END-USE INDUSTRY, 2019�2026 (KILOTON)
    9.5 MIDDLE EAST & AFRICA
          TABLE 63 MIDDLE EAST & AFRICA: CAST ELASTOMER MARKET SIZE, BY COUNTRY, 2019�2026 (USD MILLION)
          TABLE 64 MIDDLE EAST & AFRICA: CAST ELASTOMER MARKET SIZE, BY COUNTRY, 2019�2026 (KILOTON)
          TABLE 65 MIDDLE EAST & AFRICA: CAST ELASTOMER MARKET SIZE, BY END-USE INDUSTRY, 2019�2026 (USD MILLION)
          TABLE 66 MIDDLE EAST & AFRICA: CAST ELASTOMER MARKET SIZE, BY END-USE INDUSTRY, 2019�2026 (KILOTON)
           9.5.1 SAUDI ARABIA
                    9.5.1.1 The oil & gas sector to contribute to a significant rise in demand for cast elastomer
                                 TABLE 67 SAUDI ARABIA: CAST ELASTOMER MARKET SIZE, BY END-USE INDUSTRY, 2019�2026 (USD MILLION)
                                 TABLE 68 SAUDI ARABIA: CAST ELASTOMER MARKET SIZE, BY END-USE INDUSTRY, 2019�2026 (KILOTON)
           9.5.2 SOUTH AFRICA
                    9.5.2.1 Developments in the industrial sector to drive the market
                                 TABLE 69 SOUTH AFRICA: CAST ELASTOMER MARKET SIZE, BY END-USE INDUSTRY, 2019�2026 (USD MILLION)
                                 TABLE 70 SOUTH AFRICA: CAST ELASTOMER MARKET SIZE, BY END-USE INDUSTRY, 2019�2026 (KILOTON)
           9.5.3 REST OF MIDDLE EAST & AFRICA
                    TABLE 71 REST OF MIDDLE EAST & AFRICA: CAST ELASTOMER MARKET SIZE, BY END-USE INDUSTRY, 2019�2026 (USD MILLION)
                    TABLE 72 REST OF MIDDLE EAST & AFRICA: CAST ELASTOMER MARKET SIZE, BY END-USE INDUSTRY, 2019�2026 (KILOTON)
    9.6 SOUTH AMERICA
          TABLE 73 SOUTH AMERICA: CAST ELASTOMER MARKET SIZE, BY COUNTRY, 2019�2026 (USD MILLION)
          TABLE 74 SOUTH AMERICA: CAST ELASTOMER MARKET SIZE, BY COUNTRY, 2019�2026 (KILOTON)
          TABLE 75 SOUTH AMERICA: CAST ELASTOMER MARKET SIZE, BY END-USE INDUSTRY, 2019�2026 (USD MILLION)
          TABLE 76 SOUTH AMERICA: CAST ELASTOMER MARKET SIZE, BY END-USE INDUSTRY, 2019�2026 (KILOTON)
           9.6.1 BRAZIL
                    9.6.1.1 Industrial growth to boost the consumption of cast elastomer
                                 TABLE 77 BRAZIL: CAST ELASTOMER MARKET SIZE, BY END-USE INDUSTRY, 2019�2026 (USD MILLION)
                                 TABLE 78 BRAZIL: CAST ELASTOMER MARKET SIZE, BY END-USE INDUSTRY, 2019�2026 (KILOTON)
           9.6.2 ARGENTINA
                    9.6.2.1 Emerging automotive industry to fuel market growth
                                 TABLE 79 ARGENTINA: CAST ELASTOMER MARKET SIZE, BY END-USE INDUSTRY, 2019�2026 (USD MILLION)
                                 TABLE 80 ARGENTINA: CAST ELASTOMER MARKET SIZE, BY END-USE INDUSTRY, 2019�2026 (KILOTON)
           9.6.3 REST OF SOUTH AMERICA
                    TABLE 81 REST OF SOUTH AMERICA: CAST ELASTOMER MARKET SIZE, BY END-USE INDUSTRY, 2019�2026 (USD MILLION)
                    TABLE 82 REST OF SOUTH AMERICA: CAST ELASTOMER MARKET SIZE, BY END-USE INDUSTRY, 2019�2026 (KILOTON)

10 COMPETITIVE LANDSCAPE (Page No. - 97)
     10.1 INTRODUCTION
             10.1.1 CAST ELASTOMER MARKET, KEY DEVELOPMENTS
                        TABLE 83 OVERVIEW OF STRATEGIES ADOPTED BY KEY MARKET PLAYERS
     10.2 RANKING ANALYSIS OF KEY MARKET PLAYERS, 2020
     10.3 COMPETITIVE EVALUATION QUADRANT (TIER 1)
             10.3.1 TERMINOLOGY/NOMENCLATURE
                        10.3.1.1 STAR
                        10.3.1.2 PERVASIVE
                        10.3.1.3 EMERGING LEADER
                                      FIGURE 22 CAST ELASTOMER MARKET (GLOBAL) COMPANY EVALUATION MATRIX FOR TIER 1 COMPANIES, 2020
             10.3.2 STRENGTH OF PRODUCT PORTFOLIO
                        FIGURE 23 PRODUCT PORTFOLIO ANALYSIS OF TOP PLAYERS IN THE CAST ELASTOMER MARKET
             10.3.3 BUSINESS STRATEGY EXCELLENCE
                        FIGURE 24 BUSINESS STRATEGY EXCELLENCE OF TOP PLAYERS IN THE CAST ELASTOMER MARKET
     10.4 COMPETITIVE EVALUATION QUADRANT (OTHER KEY PLAYERS)
             10.4.1 TERMINOLOGY/NOMENCLATURE
                        10.4.1.1 Progressive companies
                        10.4.1.2 Responsive companies
                        10.4.1.3 Dynamic companies
                                      FIGURE 25 CAST ELASTOMER MARKET (GLOBAL): COMPANY EVALUATION MATRIX FOR OTHER KEY PLAYERS, 2020
             10.4.2 STRENGTH OF PRODUCT PORTFOLIO (OTHER KEY PLAYERS)
                        FIGURE 26 PRODUCT PORTFOLIO ANALYSIS OF OTHER KEY PLAYERS IN THE CAST ELASTOMER MARKET
             10.4.3 BUSINESS STRATEGY EXCELLENCE (OTHER KEY PLAYERS)
                        FIGURE 27 BUSINESS STRATEGY EXCELLENCE OF OTHER KEY PLAYERS IN THE CAST ELASTOMER MARKET
     10.5 COMPETITIVE SITUATION AND TRENDS
             10.5.1 PRODUCT LAUNCHES
                        TABLE 84 CAST ELASTOMER MARKET: PRODUCT LAUNCHES, JANUARY 2016- DECEMBER 2020
             10.5.2 DEALS
                        TABLE 85 CAST ELASTOMER MARKET: DEALS, JANUARY 2016-DECEMBER 2020
             10.5.3 OTHERS
                        TABLE 86 CAST ELASTOMER MARKET: OTHERS, JANUARY 2016-DECEMBER 2020

11 COMPANY PROFILES (Page No. - 110)
(Business Overview, Products Offered, Recent Developments, SWOT Analysis, MnM View)*
     11.1 MAJOR PLAYERS
             11.1.1 BASF
                        TABLE 87 BASF: COMPANY OVERVIEW
                        FIGURE 28 BASF: COMPANY SNAPSHOT
                        TABLE 88 BASF: PRODUCT OFFERINGS
                        TABLE 89 BASF: OTHER DEVELOPMENTS
             11.1.2 DOW
                        TABLE 90 DOW: BUSINESS OVERVIEW
                        FIGURE 29 DOW: COMPANY SNAPSHOT
                        TABLE 91 DOW: PRODUCT OFFERINGS
                        TABLE 92 DOW: DEALS
                        TABLE 93 DOW: OTHER DEVELOPMENTS
             11.1.3 HUNTSMAN CORPORATION
                        TABLE 94 HUNTSMAN CORPORATION: COMPANY OVERVIEW
                        FIGURE 30 HUNTSMAN CORPORATION: COMPANY SNAPSHOT
                        TABLE 95 HUNTSMAN CORPORATION: PRODUCT OFFERINGS
                        TABLE 96 HUNTSMAN CORPORATION: DEALS
                        TABLE 97 HUNTSMAN CORPORATION: OTHER DEVELOPMENTS
             11.1.4 COVESTRO AG
                        TABLE 98 COVESTRO AG: COMPANY OVERVIEW
                        FIGURE 31 COVESTRO AG: COMPANY SNAPSHOT
                        TABLE 99 COVESTRO AG: PRODUCT OFFERINGS
                        TABLE 100 COVESTRO AG: PRODUCT LAUNCH
             11.1.5 LANXESS
                        TABLE 101 LANXESS: COMPANY OVERVIEW
                        FIGURE 32 LANXESS: COMPANY SNAPSHOT
                        TABLE 102 LANXESS: PRODUCT OFFERINGS
                        TABLE 103 LANXESS: PRODUCT LAUNCH
                        TABLE 104 LANXESS: DEALS
                        TABLE 105 LANXESS: OTHER DEVELOPMENTS
             11.1.6 ERA POLYMERS
                        TABLE 106 ERA POLYMERS: COMPANY OVERVIEW
                        TABLE 107 ERA POLYMERS: PRODUCT OFFERINGS
             11.1.7 MITSUI CHEMICALS, INC.
                        TABLE 108 MITSUI CHEMICALS, INC.: COMPANY OVERVIEW
                        FIGURE 33 MITSUI CHEMICALS, INC.: COMPANY SNAPSHOT
                        TABLE 109 MITSUI CHEMICALS INC.: PRODUCT OFFERINGS
                        TABLE 110 MITSUI CHEMICALS, INC.: OTHER DEVELOPMENTS
             11.1.8 NOTEDOME LTD.
                        TABLE 111 NOTEDOME LTD.: COMPANY OVERVIEW
                        FIGURE 34 NOTEDOME LTD.: COMPANY SNAPSHOT
                        TABLE 112 NOTEDOME LTD.: PRODUCT OFFERINGS
             11.1.9 TOSOH CORPORATION
                        TABLE 113 TOSOH CORPORATION: COMPANY OVERVIEW
                        FIGURE 35 TOSOH CORPORATION: COMPANY SNAPSHOT
                        TABLE 114 TOSOH CORPORATION: PRODUCT OFFERINGS
                        TABLE 115 TOSOH CORPORATION: OTHER DEVELOPMENTS
             11.1.10 WANHUA CHEMICAL GROUP CO., LTD.
                        TABLE 116 WANHUA CHEMICAL GROUP CO., LTD.: COMPANY OVERVIEW
                        FIGURE 36 WANHUA CHEMICAL GROUP CO., LTD.: COMPANY SNAPSHOT
                        TABLE 117 WANHUA CHEMICAL GROUP CO., LTD.: PRODUCT OFFERINGS
                        TABLE 118 WANHUA CHEMICAL GROUP CO., LTD.: OTHER DEVELOPMENTS
     11.2 OTHER KEY PLAYERS
             11.2.1 ALCHIMICA S.A
             11.2.2 CARLISLE POLYURETHANE SYSTEMS
             11.2.3 CHEMLINE, INC.
             11.2.4 COIM GROUP
             11.2.5 HERIKON B.V.
             11.2.6 JAYANTILAL J. GANDHI CHEMICALS PVT. LTD
             11.2.7 LUC GROUP
             11.2.8 POLYCOAT PRODUCTS
             11.2.9 RECKLI
             11.2.10 SAPICI S.P.A
             11.2.11 SIKA ADVANCED RESINS
             11.2.12 SYNTHESIA TECHNOLOGY GROUP (KINGSPAN GROUP)
             11.2.13 TAIWAN PU CORPORATION
             11.2.14 TSE INDUSTRIES
             11.2.15 VCM POLYURETHANES

*Details on Business Overview, Products Offered, Recent Developments, SWOT Analysis, MnM View might not be captured in case of unlisted companies.

12 APPENDIX (Page No. - 142)
     12.1 DISCUSSION GUIDE
     12.2 KNOWLEDGE STORE: MARKETSANDMARKETS� SUBSCRIPTION PORTAL
     12.3 AVAILABLE CUSTOMIZATIONS
     12.4 RELATED REPORTS
     12.5 AUTHOR DETAILS

The study involved four major activities in estimating the current market size for cast elastomer. The exhaustive secondary research was conducted to collect information on the market, peer market, and child market. The next step was to validate these findings, assumptions, and sizing with industry experts across the value chain through primary research. Both top-down and bottom-up approaches were employed to estimate the complete market size. After that, the market breakdown and data triangulation methodologies were used to estimate the market size of segments and sub-segments.

Secondary Research

In the secondary research process, extensive use of secondary sources, directories, and databases, such as Bloomberg, World Bank, Statista, American Chemistry Council (ACC), BP Statistics, International Organization of Motor Vehicle Manufacturers (OICA) sources, International Energy Agency (ITA), Trademap, Zauba, other government & private websites, associations related to the cast elastomer industry. The study also involves analyzing regulations and regional government websites to identify and collect information useful for this technical, market-oriented, and commercial cast elastomer market study.

Primary Research

The cast elastomer market comprises several stakeholders such as raw material suppliers, distributors, manufacturers, end-users, and regulatory organizations in the supply chain. Primary sources include experts from the core and related industries and preferred suppliers, manufacturers, distributors, service providers, technology developers, alliances, and organizations related to all segments of this industry's value chain. In-depth interviews with various primary respondents, including key industry participants, subject matter experts (SMEs), C-level executives of major market players, and industry consultants, have been conducted to obtain and verify critical qualitative and quantitative information and assess growth prospects.

Following is the breakdown of primary respondents

Cast Elastomers Market Size, and Share

To know about the assumptions considered for the study, download the pdf brochure

Market Size Estimation

Both top-down and bottom-up approaches were used to estimate and validate the total size of the cast elastomer market. These methods were also used extensively to estimate the size of various sub-segments in the market. The research methodology used to estimate the market size includes the following:

The key players, types, and end-users in the industry and markets were identified through extensive secondary research.
The industry�s value chain and market size, in terms of value and volume, were determined through primary and secondary research processes.
All percentage shares, splits, and breakdowns were determined using secondary sources and verified through primary sources.

Data Triangulation

After arriving at the overall market size�using the market size estimation process explained above�the market was split into several segments and sub-segments. To complete the overall market engineering process and arrive at the exact statistics of each market segment and sub-segment, the data triangulation, and market breakdown procedures were employed, wherever applicable. The data was triangulated by studying various factors and trends from both the demand and supply of cast elastomer and their applications.

Objectives of the Study:

To define, describe, and forecast the cast elastomer market in terms of value and volume
To provide detailed information about the key factors (drivers, restraints, opportunities, and challenges) influencing the market
To analyze and forecast the market by type, and end-use industry
To forecast the size of the market with respect to five regions: Asia Pacific (APAC), Europe, North America, South America, and the Middle East & Africa, along with their key countries
To strategically analyze micro markets1 with respect to individual trends, growth prospects, and their contribution to the overall market
To analyze opportunities in the market for stakeholders and provide a competitive landscape for market leaders
To analyze competitive developments such as mergers & acquisitions and new product launches in the market
To strategically profile key players and comprehensively analyze their market shares and core competencies2
Notes: 1. Micro markets are defined as sub segments of the cast elastomer market included in the report.
2. Core competencies of the companies are covered in terms of their key developments and strategies adopted to sustain their position in the market.

Available Customizations:

With the given market data, MarketsandMarkets offers customizations according to the specific requirements of companies. The following customization options are available for the report: