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Pulished Date February, 2020
ID: 8601
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Cast Elastomers Market by Type (Hot Cast, Cold Cast), End-use Industry (Automotive & Transportation, Industrial, Mining, Oil & Gas), by Region - Global Industry Analysis, Size, Share, Growth, Investment, and Forecasts (2018–2023)

Pulished: February, 2020
ID: 8601
Pages: 170

Tags: Tag2, Tag_3

Market Overview:

The Cast Elastomers Market has a decent growth pace in the market, which is driven by the demand for hot-cast elastomers in various applications which require high abrasion resistance and high load-bearing capacity. The Cast Elastomers Market is expected to reach a total of USD 1.53 Billion by 2023 with a 4.86 % CAGR.

Recent Development:

Manali Petrochemicals Ltd. (MPL), a company which has introduced the highly specialized cast elastomers of Notedome Ltd. To Asia, has commenced production of Notedome high-performance polyurethanes in Chennai, India. The Notedome division of MPL is calculated to cater to the market in the subcontinent and South East Asia.

Cast Elastomers Market Value and Growth:

The size of the market was around USD 1.21 Billion by revenue, at the end of 2018. It is expected to grow at a CAGR of 4.86 % to reach close to USD 1.53 Billion in the forecast, as mentioned earlier period.

Cast Elastomers Market Drivers and Restraints:

The market is mainly driven by the demand for hot-cast elastomers in various applications which require high abrasion resistance and high load-bearing capacity. Also, the rising demand from the industrial sector helps in the growth of the Cast Elastomers market.

However, the costs associated may restrain the market in the forecast period. Also, the market concentration in regions like the Asia Pacific restrains the market expansion into regions like the Middle East and Africa.

Cast Elastomers Market Segmentation Analysis:

By Type

Based on the type of cast the market for cast elastomers is segmented into Hot Cast, Cold Cast. Among the mentioned types of the cast, the hot cast segment is calculated to be the largest segment of the two and is anticipated to have the fastest growth rate in the forecast period. The growth is mainly attributed to its extensive usage in various applications which require high abrasion resistance and high load-bearing capacity.

By End-Use Industry

Based on the end-use industries, the market is categorized into Automotive & Transportation, Industrial, Mining, Oil & Gas. Of the mentioned industries, the industrial segment is the largest and is expected to lead the market in the forecast, as mentioned earlier period. The growth is mainly attributed to the increase in the use of cast elastomers in various applications like rollers, industrial wheels, and machinery parts.

Cast Elastomers Market Geographical Analysis:

By geography, the market is segmented as Europe, Asia Pacific, Latin America, North America, and Middle-East & Africa. The Asia Pacific region holds the largest share of the Cast Elastomers Market in the year of 2018, in terms of value and volume. The regional advantages in this region, like the ease of company setup, cheap resources, and a large number of the skilled population are the major reasons for the fast-emerging industries in this region, hence the region’s position in the  market. Also, the fast-developing economies like India, Japan, and China are the main reason for the developing regional market. These reasons make this region the fastest growing regional market in the proposed forecast period.

North America is next in the lead of the Cast Elastomers Market by both value and bulk, as of 2018. The situation of many key market players in this region with well-established infrastructure is the main reason for its market position. This region is only in the third fastest growing regional market on a scale.

Europe is next in the lead of the market in the year 2018. The presence of a considerable customer base in and around this region is helping in the growth of the Cast Elastomers Market in this region. This region is the second-fastest-growing region in the market in the projected forecast period.

On the other hand, the Middle East & Africa and Latin America regions, being in the slow-developing countries, have fewer opportunities for market growth. Hence, the market growth is at a slow pace in these regions.

Cast Elastomers Market Key Market Players:

By the end of 2018 Mitsui Chemicals (Japan), Lanxess (Germany), Covestro (Germany), Tosoh Corporation (Japan), Era Polymers (Australia), BASF (Germany), Huntsman (US), DowDuPont (US), and Coim Group (Italy) are the leading shareholders of the  market for Cast Elastomers Market. There is a constant competition between these companies regarding the pricing and quality of the product.

Cast Elastomers Market Research Report Key Highlights:

  1. The evaluation of the current product and services market and the future implications of the market.
  2. Address the matter by better understanding the market through size estimates and CAGR analysis to forecast the future market.
  3. More extensive segmentation to better understand the dynamics of the market at a minimal level by dividing the market to smaller segments.
  4. Address the key market challenges, drivers, and restraints to provide insights for gaining market share.
  5. Porter’s Five Forces are used to analyze the factors responsible for the shaping of the industry as it is as a result of the competitive environment.

1. Introduction                                

               1.1 Market Definition                    

               1.2 Study Deliverables                  

               1.3 Base Currency, Base Year and Forecast Periods                          

               1.4 General Study Assumptions                 

2. Research Methodology                                          

               2.1 Introduction                             

               2.2 Research Phases                      

                              2.2.1 Secondary Research           

                              2.2.2 Primary Research 

                              2.2.3 Econometric Modelling      

                              2.2.4 Expert Validation  

               2.3 Analysis Design                        

               2.4 Study Timeline                         

3. Overview                                     

               3.1 Executive Summary                

               3.2 Key Inferences                         

               3.3 Epidemology                            

4. Drivers, Restraints, Opportunities, and Challenges Analysis (DROC)                                    

               4.1 Market Drivers                         

               4.2 Market Restraints                   

               4.3 Key Challenges                         

               4.4 Current Opportunities in the Market               

5. Market Segmentation                                            

               5.1 Type                            

                              5.1.1 Introduction           

                              5.1.2 Hot Cast   

                              5.1.3 Cold Cast 

                              5.1.4 Y-o-Y Growth Analysis, By Type      

                              5.1.5 Market Attractiveness Analysis, By Type     

                              5.1.6 Market Share Analysis, By Type      

               5.2 End-use Industry                     

                              5.2.1 Introduction           

                              5.2.2 Automotive & Transportation         

                              5.2.3 Industrial  

                              5.2.4 Mining      

                              5.2.5 Oil & Gas  

                              5.2.6 Y-o-Y Growth Analysis, By End-use Industry              

                              5.2.7 Market Attractiveness Analysis, By End-use Industry             

                              5.2.8 Market Share Analysis, By End-use Industry              

6. Geographical Analysis                                            

               6.1 Introduction                             

                              6.1.1 Regional Trends    

                              6.1.2 Impact Analysis     

                              6.1.3 Y-o-Y Growth Analysis        

                                             6.1.3.1 By Geographical Area

                                             6.1.3.2 By Type

                                             6.1.3.3 By End-use Industry

                              6.1.4  Market Attractiveness Analysis      

                                             6.1.4.1 By Geographical Area

                                             6.1.4.2 By Type

                                             6.1.4.3 By End-use Industry

                              6.1.5  Market Share Analysis       

                                             6.1.5.1 By Geographical Area

                                             6.1.5.2 By Type

                                             6.1.5.3 By End-use Industry

               6.2 North America                         

                              6.1.1 Introduction           

                              6.1.2 United States         

                              6.1.3 Canada     

               6.3 Europe                        

                              6.2.1 Introduction           

                              6.2.2 U.K            

                              6.2.3 Spain         

                              6.2.4 Germany  

                              6.2.5 Italy           

                              6.2.6 France      

               6.4 Asia-Pacific                

                              6.3.1 Introduction           

                              6.3.2 China        

                              6.3.3 India         

                              6.3.4 Japan        

                              6.3.5 Australia   

                              6.3.6 South Korea           

               6.5 Latin America                           

                              6.4.1 Introduction           

                              6.4.2 Brazil         

                              6.4.3 Argentina 

                              6.4.4 Mexico     

                              6.4.5 Rest of Latin America          

               6.6 Middle East & Africa              

                              6.5.1 Introduction           

                              6.5.2 Middle-East           

                              6.5.3 Africa        

7. Strategic Analysis                                      

               7.1 PESTLE analysis                        

                              7.1.1 Political    

                              7.1.2 Economic 

                              7.1.3 Social        

                              7.1.4 Technological        

                              7.1.5 Legal         

                              7.1.6 Environmental       

               7.2 Porter’s Five analysis                             

                              7.2.1 Bargaining Power of Suppliers         

                              7.2.2 Bargaining Power of Consumers     

                              7.2.3 Threat of New Entrants      

                              7.2.4 Threat of Substitute Products and Services

                              7.2.5 Competitive Rivalry within the Industry      

8. Market Leaders' Analysis                                       

               8.1 Mitsui Chemicals                     

                              8.1.1 Overview 

                              8.1.2 Product Analysis   

                              8.1.3 Financial analysis  

                              8.1.4 Recent Developments        

                              8.1.5 SWOT analysis       

                              8.1.6 Analyst View          

               8.2 Lanxess                       

               8.3 Covestro                     

               8.4 Tosoh Corporation                  

               8.5 Era Polymers                            

               8.6 BASF                            

               8.7 Huntsman                   

               8.8 DowDuPont               

               8.9 Coim Group               

9. Competitive Landscape                                         

               9.1 Market share analysis                           

               9.2 Merger and Acquisition Analysis                       

               9.3 Agreements, collaborations and Joint Ventures                          

               9.4 New Product Launches                         

10. Market Outlook and Investment Opportunities                                         

Appendix                                          

               a) List of Tables                

               b) List of Figures                             

  • Global ,Regional and country-level analysis and forecasts of the study market; providing Insights on the major countries/regions in which this industry is blooming and to also identify the regions that are still untapped
  • Segment-level analysis in terms of market by type, by material , by application along with market size forecasts and estimations to detect key areas of industry growth in detail
  • Identification of key drivers, restraints, opportunities, and challenges (DROC) in the market and their impact on shifting market dynamics
  • Study of the effect of exogenous and endogenous factors that affect the global market; which includes broadly demographic, economics, and political, among other macro-environmental factors presented in an extensive PESTLE Analysis
  • Study the micro environment factors that determine the overall profitability of an Industry, using Porter’s five forces analysis for analysing the level of competition and business strategy development
  • A comprehensive list of key market players along with their product portfolio, current strategic interests, key financial information, legal issues, SWOT analysis and analyst overview to study and sustain the market environment
  • Competitive landscape analysis listing out the mergers, acquisitions, collaborations in the field along with new product launches, comparative financial studies and recent developments in the market by the major companies
  • An executive summary, abridging the entire report in such a way that decision-making personnel can rapidly become acquainted with background information, concise analysis and main conclusions
  • Expertly devised analyst overview along with Investment opportunities to provide both individuals and organizations a strong financial foothold in the market
  1. Global Cast Elastomers Market By Region, From 2018-2023( USD Billion )
  2. Global Cast Elastomers Market By Type, From 2018-2023( USD Billion )
  3. Global Hot Cast Market By Region, From 2018-2023( USD Billion )
  4. Global Cold Cast Market By Region, From 2018-2023( USD Billion )
  5. Global Cast Elastomers Market By End-use Industry, From 2018-2023( USD Billion )
  6. Global Automotive & Transportation Market By Region, From 2018-2023( USD Billion )
  7. Global Industrial Market By Region, From 2018-2023( USD Billion )
  8. Global Mining Market By Region, From 2018-2023( USD Billion )
  9. Global Oil & Gas Market By Region, From 2018-2023( USD Billion )

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