Rockville, MD -- (SBWIRE) -- 07/15/2019 -- Fact.MR recently published a report on cold cast elastomers market which provides invaluable and unbiased actionable insights about the factors that affect the market. In addition to these, the report identifies key market trends that hold influence on the cold cast elastomers market and will impact its performance in the foreseeable future. A qualitative, as well as quantitative assessment of the identified factors, have been propounded in the report. Additionally, a thorough analysis of all the micro and macroeconomic facets such as market drivers, threats, restraints, opportunities, and challenges have been presented in the report. The cold cast elastomers market report throws light on the market behavior during 2018-2027 period while clearly explaining the inclusion of the reasons included in the report
According to a recently published Fact.MR report, global sales of cold cast elastomers exceeded 64 Mn tons in 2018, and are poised to record growth at nearly 5% through 2019. The report opines that Asia-Pacific excluding Japan (APEJ) will retain its supremacy in the cold cast elastomers market, undergird by pervasive demand from industrial sectors in the region. Sensing potential opportunities in APEJ, there has been an influx of new product launches by leading cold cast elastomers market stakeholders in recent years.
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The recent Fact.MR study estimates that cold cast elastomers sales in industrial applications is expected to exceed 21 million tons in 2019. This can be primarily attributed to inherent property-based benefits of cold cast elastomers, such as convenience and time-effective production application, thereby reducing operational costs as a consequence. Convenience of manufacturing cold cast elastomers at room temperature, and deprival of heat requirement for curation purposes, continue to drive their sales in industrial applications worldwide.
The robust and elaborate research methodology which was employed during the compilation of the cold cast elastomers market report has been explained thoroughly. A comprehensive analysis of the historical, as well as current data, was performed to produce an authentic and accurate forecast of the cold cast elastomers market. The exhaustive research procedure was divided into two steps namely primary and secondary researches.
Cold Cast Elastomers Market – Market Structure
The Fact.MR report on cold cast elastomers market provides comprehensive information about the market in terms of the value, volume, Y-o-Y growth, and CAGR. In addition to the valuable information, the cold cast elastomers market provides authentic insights by dividing the cold cast elastomers market on the basis of processing type, geographic region, and end-use applications.
Polyurethane is one of the few chemicals that can be sustainably manufactured. With environmental concerns on the rise and application of stringent regulations for environment conservation, chemical manufacturing is expected to witness a gradual decline. However, potential of manufacturing polyurethane using polyols, and other natural resources are expected to offset challenges associated with declining production of their chemical-based counterparts. Additionally, adoption of plant and other bio-based raw material for the manufacturing of polyurethane will make the process more economical and sustainable.
Palpable Utility of Cold Cast Elastomers in Industrial Applications
Cold cast elastomers have sought widespread industrial use, as these facilitate manufacturing at ambient temperature, depriving the requirement of heat for curation, and optimizing the manufacturing efficiency. The convenience of producing cold cast elastomers with both high and low-pressure mixing equipment, along with their unparalleled advantage in terms of cut & tear resistance, flexibility, and load-bearing capacity, hydrophobic nature, and and grease, compression set, radiation resistance, make it fit for use across a broad array of industrial applications. Additionally, these unparalleled attributes of cold cast elastomers will extensively complement their vitality in construction, aviation, and automobile industries, thereby boosting their production and demand.
The cold cast elastomers market remains consolidated, with leading players holding over 40% share of the market. On the other hand, regional and emerging players hold 20-25% and 10-15% share of the cold cast elastomers market respectively. Leading players continue to expand their production facilities, streamline their manufacturing processes, and launch new high-performance elastomer product lines to capitalize on the growing demand for high-functioning elastomers.
Cold Cast Elastomers Market – Additional Questions Answered
Apart from the aforementioned insight about the cold cast elastomers market, the cold cast elastomers market report answers the following key questions that can help stakeholders and business professionals to identify lucrative opportunities and streamline their strategies to earn maximum profitability:
What region held the bulk of the cold cast elastomers market share during 2018?
Based on the end-use applications, which industry will lead the demand for cold cast elastomers in 2019?
What type of cold cast elastomers were the most in demand during 2018?
What will be the lucrative opportunities on offer in the cold cast elastomers market in 2019?
What are the significant challenges which can hamper the growth of the cold cast elastomers market in 2019?
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