Cast Elastomers Market Research Report - Global Forecast till 2027

Pune, India, August 2020, MRFR Press Release/- Market Research Future has published a Cooked Research Report on the Global Cast Elastomers Market.

Overview

The global cast elastomers market, during the forecast period 2020–2027, will register growth at a CAGR of 4.5%. The market for cast elastomers is set to reach US$1,700 million by 2027. As per cast elastomers market analysts, the global market is anticipated to witness growth owing to the factors such as growing demand for cast elastomers as well as the growing awareness about the mechanical and chemical properties. However, the cast elastomers market will face challenges and restraints due to fluctuating prices of raw material and concerns regarding the performance in high temperatures during the forecast period 2020–2027.

The growing demand for cast elastomers in the automotive sector in the cast elastomers market is set to play a key role in determining the growth potential during 2020–2027 years. Analysts have also studied the cast elastomers market to understand potential threats and challenges the cast elastomers market companies could face. Although the cast elastomers market is poised to grow at a fast pace across type and application segments, factors such as the fluctuation in the price of raw material could slow down the cast elastomers market's growth worldwide.

Market Segmentation

The cast elastomers market has been segmented into type and application. Based on the segment which is type, the market is categorized on the basis of hot cast and cold cast. The global market for cast elastomers is further segmented based on application into agriculture, automotive, industrial, mining, oil & gas, sports & leisure, and others.

The global cast elastomers market research report covers all the aspects of the cast elastomers market based on the segmental analysis of these type and application segments. Analysts have also studied the global cast elastomers market's regional markets spread across many continents and countries. The type and application segments along with their sub-segments have been analyzed and companies functioning in the cast elastomers market across these segments are profiled and analyzed based on input and feedback from cast elastomers market based decision makers as well as primary and secondary sources. The cast elastomers market research report presents analysis based information for companies functioning in the cast elastomers market.

Regional Overview

Strict regulations being imposed to curb the adverse impact of the product may hinder the cast elastomers market growth. The market research report suggests that companies in the cast elastomers market could be supported by rapid urbanization and industrialization as well as the on-going technological development during the forecast period. The cast elastomers market is set to register growth at a high CAGR owing to these key factors. The cast elastomers market is spread across North America, Europe, Asia-Pacific, and other parts of the world. The global cast elastomers market research report reveals that APAC, North America, and Europe regional cast elastomers markets will dominate the global market for cast elastomers during the forecast period 2020–2027. As per cast elastomers market analysts, the market is set to witness tremendous growth across oil & gas, automotive, and industrial manufacturing segments in North America which covers cast elastomers markets across the United States, Canada, Mexico and several other regional markets. Companies active in the cast elastomers market are also analyzed and studied in the cast elastomers market research report.

The cast elastomers market for Europe covers smaller market segments of Germany, Italy, France, and the United Kingdom. Additionally, the cast elastomers market research report covers the Asia-Pacific region covering cast elastomers markets from India, China, Japan, Australia, and others. The cast elastomers market is also spread across the rest of the world. The cast elastomers market report covers all such regions including the Middle East, Africa, Brazil, and others.

Competitive Landscape

Cast elastomers has seen increased demand over the years, due to the growing application of cast elastomers in marine and sports gear offering expansion opportunities. Companies functioning in the global cast elastomers market are also being challenged due to adverse impact of cast elastomers and various strict regulations. Mergers and acquisitions by cast elastomers market companies are anticipated to help the market during the forecast period 2020–2027. As the cast elastomers market is set to register a high CAGR of 4.5% and is also anticipated to reach a US$1,700 million by 2027, the report highlights key areas companies need to focus on. The report suggests that the cast elastomers market will see a healthy growth in the long run till 2027. Based on SWOT analysis and cast elastomers market’s analysis based on Porters’ Five Force Model presented in the cast elastomers market report. Mergers and acquisitions by cast elastomers market companies are anticipated to help the market during the forecast period 2020–2027. 

Industry News 

LANXESS and Royal DSM N.V. a Dutch firm, have agreed in principle to sell DSM Elastomers to LANXESS for EUR 310 million in cash and debt-free terms. Keltan is a synthetic rubber made from DSM Elastomers. EPDM stands for ethylene propylene diene monomer. Based on the projected EBITDA for 2010, the price for the DSM Elastomers market reflects an EBITDA multiple of approximately 6. LANXESS will fund the deal with current cash on hand, and it is projected to be EPS accretive in 2011.Read More Article Details -  cast elastomers market