Cast Elastomers Market Trend | Size, Growth, Revenue, Regional Analysis
Overview
The global Cast Elastomers Market Trend, during the
forecast period 2017–2025, will register growth at a CAGR of 4.5%. The market
for cast elastomers is set to reach US$1,700 million by 2025. 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 2017–2025.
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 2017–2025
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 trend 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 2017–2025. 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 2017–2025. 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 2025,
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
2025. 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 2017–2025.
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.
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