Research Nester released a report titled “Cold Cast Elastomer Market: Global Demand Analysis & Opportunity Outlook 2027” which delivers the detailed overview of the cold cast elastomer market in terms of market segmentation by type, application and region.
Further, for the in-depth analysis, the report encompasses the industry growth drivers, restraints, supply and demand risk, market attractiveness, BPS analysis and Porter’s five force model.
The cold cast elastomer market is anticipated to expand at a moderate CAGR over the forecast period i.e. 2019-2027. The growth of the market is driven by rise in demand of cold cast elastomers across the industries, on the back of its diverse applications, specifically automobile industry; coupled with, the increase in technological advancements is leading to increase in adoption of cold cast elastomer in numerous applications around the globe. Additionally, cold cast elastomers increase the production efficiencies of manufacturing units which is further expected to contribute to significant growth of the market in upcoming years.
Cold cast elastomers market is segmented by type into two component and three component, out of which, two component elastomers are anticipated to grow at the highest CAGR on account of its increased utilization of these high performance elastomers in various industries pertaining to heavy duty load areas. Based on application, automotive & transportation sector is expected to hold largest share in the global cold cast elastomers market during the forecast period, on account of growing demand of automobiles and its utilization in increase in production of automobiles and automotive parts.
By region, the global cold cast elastomer market is segmented into North America, Asia-Pacific, Latin America, Europe, Middle East and Africa, out of which, the market in North America is anticipated to grow at highest growth rate over the forecast period on the back increase in investment and expansion of manufacturing units by existing key players in the market. The cold cast elastomers market in Europe is further expected to grow at an incremental rate on account of increased focus on improving productivity and efficiency of cold cast elastomers. Furthermore, the market in Asia Pacific is anticipated to hold the largest market share on account of the increase in production capacity of existing manufacturing units pertaining to increase in demand from industrial sectors and launch of new products in elastomers market.
Growing Adoption in Various End User Industries
The growing demand of elastomers from various end user industries on account of emerging economies, rapid industrialization is driving the cold cast elastomers market around the world. Further, the increase in manufacturing activities of oil and gas, automotive and transport sectors are driving the growth of the market across the globe. These factors along with, the conducive environment and government regulations are anticipated to benefit growth of cold cast elastomers market in coming years.
However, increasing government regulations on account of rising environmental concerns from the manufacturing units producing the cold cast elastomers and fluctuating input cost are anticipated to hamper the growth of the market over the forecast period.
This report also provides the existing competitive scenario of some of the key players of the cold cast elastomer market which includes company profiling of key companies such as BASF SE, Chemline Incorporation, Coim Group, Covestro AG, Era Polymers Pty Ltd, Huntsman International LLC, LANXESS, Mitsui Chemicals, Inc, Tosoh Corporation and DuPont de Nemours, Inc.
The outlining enfolds key information of the companies which encompasses business overview, products and services, key financials and recent news and developments. On the whole, the report depicts detailed overview of the cold cast elastomer market that is expected to help industry consultants, equipment manufacturers, existing players searching for expansion opportunities, new players searching possibilities and other stakeholders to align their market centric strategies according to the ongoing and expected trends in the future.