DUBLIN--(BUSINESS WIRE)--Jul 5, 2018--The "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" report has been added to ResearchAndMarkets.com's offering.

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 end-use industries, such as automotive & transportation, industrial, mining, and oil & gas. The growing demand from emerging economies along with the increasing manufacturing activities is creating growth opportunities for the cast elastomers market. However, fluctuating raw material prices act as a restraint for the growth of the market.

Hot cast is projected to be the fastest-growing segment of the cast elastomers market during the forecast period (2018-2023). Hot cast elastomers are gaining popularity owing to their excellent impact strength, high abrasion resistance, tensile strength, high load-bearing capacity, and cost-effectiveness.

Automotive & transportation is projected to be the fastest-growing end-use industry of the cast elastomers market during the forecast period (2018-2023). Properties, such as toughness, low abrasion, thermal stability, and durability and increasing production of automotives, especially in the APAC region are expected to drive the market.

Companies Mentioned

Accella Polyurethane Systems Axson Technologies BASF Chemline, Inc. Coim Group Covestro Dowdupont ERA Polymers Everchem Specialty Chemicals Herikon Huntsman Lanxess LUC Group Makro Chemical Mitsui Chemicals Notedome Limited Perstorp Polycoat Products Reckli Sapici S.P.A. Synthesia International S.L.U. Taiwan Pu Corporation Tosoh Corporation VCM Polyurethane Pvt. Ltd. Wanhua Chemical

Key Topics Covered:

1 Introduction

2 Research Methodology

3 Executive Summary

4 Premium Insights

5 Market Overview

6 Industry Trends

7 Cast Elastomers Market, By Type

8 Cast Elastomers Market, By End-Use Industry

9 Cast Elastomers Market, By Region

10 Competitive Landscape

11 Company Profiles

12 Appendix

For more information about this report visit https://www.researchandmarkets.com/research/5x4zdz/cast_elastomers?w=4

View source version on businesswire.com:https://www.businesswire.com/news/home/20180705005264/en/

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SOURCE: Research and Markets

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PUB: 07/05/2018 08:56 AM/DISC: 07/05/2018 08:56 AM