Cast Elastomers Market Worth 1.52 Billion USD by 2023
PUNE, India, June 28, 2018 /PRNewswire/ --
According to a new market research report "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", published by MarketsandMarkets™, 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 high-value applications, such as tire fill, oil & gas pipeline parts, and machinery components. Superior advantages, such as toughness, high load-bearing capacity, high abrasion and impact resistance, high resilience, and excellent resistance to oil and grease over conventional materials is also expected to drive the Cast Elastomers Market. In addition, rapid urbanization and industrialization and expanding foreign investments, coupled with supportive government policies in emerging economies are also expected to support the demand for cast elastomers.
(Logo: https://mma.prnewswire.com/media/660509/MarketsandMarkets_Logo.jpg )
Speak to our Subject Matter Expert: https://www.marketsandmarkets.com/speaktoanalyst.asp?id=265916696
Early buyers will receive 10% customization on this report
Hot cast elastomers are estimated to be the largest type in the Cast Elastomers Market in 2018
Hot cast elastomers are estimated to lead the type segment in 2018. The large share of hot cast elastomers is due to their wide usage in automotive & transportation and industrial applications owing to properties, such as high abrasion resistance, high tensile strength, high load-bearing capacity, superior impact strength, and cost-effectiveness.
The industrial segment is estimated to be the largest end-use industry of the Cast Elastomers Market in 2018
The industrial segment is estimated to be the largest segment of the Cast Elastomers Market, by end-use industry in 2018. The large market share of this segment is due to the extensive use of cast elastomers in applications, such as industrial wheels, rollers, and machinery. Hot cast elastomers are used in these applications as these offer tough abrasion resistance and high load-bearing capacity.
Inquire Now Before Buying: https://www.marketsandmarkets.com/Enquiry_Before_Buying.asp?id=265916696
APAC is estimated to be the largest Cast Elastomers Market, by region in 2018
The APAC region is estimated to be the largest market for cast elastomers in terms of value, in 2018. The high consumption of cast elastomers in the region is attributed to the growing end-use industries, rapid industrialization, improvement in economic conditions, supportive government policies, and availability of cheap labor and natural resources. In addition, growth in end-use industries is largely driven by the growing populations, per capita incomes, and changing lifestyles in the region which, in turn, are expected to drive the market for cast elastomers.
Cast elastomers 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), are covered in the report.
Buy the Report : https://www.marketsandmarkets.com/Purchase/purchase_report1.asp?id=265916696
About MarketsandMarkets™
MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies' revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.
Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model - GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.
MarketsandMarkets's flagship competitive intelligence and market research platform, "Knowledge Store" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.
Contact:
Mr. Salgarkar
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA: +1-888-600-6441
Email: [email protected]
Visit Our Blog: http://www.marketsandmarketsblog.com/market-reports/chemical
Connect with us on LinkedIn: http://www.linkedin.com/company/marketsandmarkets
SOURCE MarketsandMarkets
Share this article