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Cast elastomers are produced by pouring elastomers along with isocyanate prepolymers and crosslinkers into molds to be processed at room temperature or elevated temperatures. Polyurethane is the most widely used elastomer for the manufacturing of cast elastomers. Cast polyurethanes are cost-effective and exhibit similar performance characteristics as high-tech plastics, metals, and ceramics, while also providing the resilience and flexibility of rubber. High resistance to wear, abrasion, chemicals, and low temperatures and high load-bearing capacity and tensile strength are some of the key properties of cast elastomers. Owing to these properties, cast elastomer products are used in automotive, industrial, mining, agricultural, and oil & gas applications.
Huntsman International LLC (US), Covestro AG (Germany), BASF SE (Germany), Era Polymers Pty Ltd (Australia), Chemline Inc. (US), Lanxess (Germany), COPCI SAS (Germany), Tosoh Corporation(Japan), Mitsui Chemicals Inc. (Japan), Wanhua Chemical Group Co. Ltd (China), Synthesia Group (Spain), Accella Corporation (US), and Chemix SRL (Italy) are some of the key players in the global cast elastomers market.
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The increasing demand for cast elastomers in industrial applications is expected to drive market growth during the review period. The demand for cast elastomers can be attributed to their ability to withstand exposure to chemicals, cutting, tearing, impact, and various damaging forces. Polyurethane cast elastomers are used in applications such as industrial bearings and bushings, belt scrapers, roller coating, casing components, container linings, and heavy load rollers. In addition, cast elastomers are applicable in the automotive industry for manufacturing damping elements such as bumpers, auxiliary springs, and noise, vibration, and harshness (NVH) elements. Furthermore, they find application in the mining industry in separating screens, pipe linings, conveyor scrapers, and idler rolls, which is likely to fuel market growth in the coming years. However, fluctuations in raw material prices may hinder the growth of the market during the assessment period.
The major players operating in the global cast elastomers market are adopting various strategies such as product launches, expansions, acquisitions, and R&D to gain significant market shares. In July 2018, Lanxess, a specialty chemicals company, launched new blocked products Adiprene K. for cast elastomers at UTECH Europe 2018. This was aimed at providing improved industrial hygiene, controlled curing, and excellent performance for a wide range of applications.
The global cast elastomers market has been segmented into five key regions—Asia-Pacific, North America, Europe, Latin America, and the Middle East & Africa. In 2017, Asia-Pacific accounted for the largest share of the global cast elastomers market due to the large-scale consumption in the steel and automotive industries. The expanding population and rapid industrialization are expected to be the key factors powering product demand in this region.
The US is projected to be the leading market for cast elastomers in North America owing to a large number of automotive production plants and the growing use of the product in mining equipment.
The increased product demand in the manufacturing of automotive parts and industrial components such as industrial bearings and bushings, belt scrapers, roller coating, and casing components is expected to drive the growth of the European market.
The markets in Latin America and the Middle East & Africa are expected to exhibit substantial growth due to the significant growth of end-use industries such as oil & gas and mining.
- Cast elastomer manufacturers
- Traders and distributors of cast elastomer-based products
- Research and development institutes
- Potential investors
- Raw material suppliers
- Nationalized laboratories
The global cast elastomers market has been segmented on the basis of type, application, and region.
By type, the global cast elastomers market has been categorized as hot cast and cold cast elastomers.
Based on application, the global cast elastomers market has been divided into automotive, industrial, mining, oil & gas, sports & leisure, agricultural, and others.
The global cast elastomers market has been studied with respect to five key regions—Asia-Pacific, North America, Europe, Latin America, and the Middle East & Africa.
TABLE OF CONTENTS
1 Executive Summary
2 Scope Of The Report
2.1 Market Definition
2.2 Scope Of The Study
2.2.1 Research Objectives
2.2.2 Assumptions & Limitations
2.3 Market Structure
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3 Market Research Methodology
3.1 Research Process
3.2 Secondary Research
3.3 Primary Research
3.4 Forecast Model
4 Market Landscape
4.1 Porter’s Five Forces Analysis
4.1.1 Threat Of New Entrants
4.1.2 Bargaining Power Of Buyers
4.1.3 Bargaining Power Of Suppliers
4.1.4 Threat Of Substitutes
4.1.5 Segment Rivalry
4.2 Value Chain/Supply Chain Of Global Cast Elastomers Market
5 Industry Overview Of Global Cast Elastomers Market
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