Cast Elastomers Market growth outlook with industry review and forecast 2019-2025

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Cast Elastomers Market Growth Outlook with
Industry Review and Forecast 2019-2025
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Global Market Scenario of Cast Elastomers
Industry

• Increasing global automobile production will lead
  to development in the cast elastomers market.
  Rising trend toward production of light weight
  vehicles would be another driver for cast
  elastomer market. Rapid industrial growth in the
  Asia countries will propel cast elastomers market
  size as the product is extensively used in
  various industries including oil gas, energy,
  metal forming, marine, manufacturing material
  handling, etc.
• The region has witnessed robust industrial
  development in the last two decades with the
  region accounting for approximately 40 of the
  world output. Automotive, construction,
  manufacturing, and mining activities have
  witnessed a sharp growth in the last decade.
  Hence, this would further increase the demand for
  cast elastomers in the coming years.
• Based on application, the cast elastomers market
  size is segregated into industrial, automotive
  and transportation, medical, oil and gas, mining,
  etc. The product is extensively used in the
  agriculture sector to manufacture wear pads, cab
  mounts, dampeners, protective sheeting, shock
  mounts, etc. They are also used 3D printing
  industry to manufacture 3D printing parts
  tools, cutter bars, metal decorating rollers,
  printing rollers, etc.
• The sales related to 3D printing by major
  companies is likely to surpass USD 3 billion by
  2020. Such rising trend will in turn increase the
  demand for 3D printing equipments which will in
  turn increase the demand for cast elastomers in
  the coming years. This will lead to significant
  growth in industrial segment.

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• Regional Trends-
• The five main regions are North America, Europe,
  Asia Pacific, Latin America and Middle East
  Africa.
• Asia Pacific is likely to portray a significant
  growth in the coming years due to rising demand
  from the region. Rapid economic development and
  expanding customer base have led to this rise in
  demand. Increasing production of automotive in
  this region will also spur the demand in the
  coming years.
• U.S. occupied the largest share in the North
  America region due to its growing oil gas and
  automotive industries. Presence of major players
  in this region will be another growth driver for
  North America cast elastomers market.

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• Competitive Trends
• Some of the major participants in the cast
  elastomers market share are LANXESS, Huntsman
  Corporation, BASF SE, Covestro AG, etc.

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