Cold Cast Elastomers Market: A Room Temperature Elastomer
- Elastomers are the rubber like material that can be deformed by the force and then it returns to their original form when the force is removed. Cold cast elastomers are processed and cured at room temperature. They are employed in numerous applications ranging from very hard plastics to flexible polyurethane resins. These elastomers do not require heat for post-curation and thus, they can be formulated at room temperature.
- Cold cost elastomers are generally based on methylene diphenyl diisocyanate (MDI), which is designed to be poured or sprayed at a temperature below 500°C. They are employed in applications such as encapsulations and potting, whereas they are sprayed for coating of metals to make the metal resistant to corrosion.
- Cold cast elastomers are primarily employed in the manufacture of concrete molds, architectural form liners, and filtration units. Furthermore, they are used in the production of industrial products, automotive products, and consumer goods. Rising demand for elastomeric components across various industries is driving the demand for cold cast elastomers market across the globe.
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Rise in Demand for Cold Cast Elastomers from Industries to Drive Global Cold Cast Elastomers Market
- Cold cast elastomers enable production at ambient temperature without the requirement for heat for curation. They enhance the manufacturing efficiency of production units. Hence, they are employed in a broad spectrum of industrial applications such as industrial rollers, wheels, and machinery.
- Cold cast elastomers can be manufactured with the help of both low- and high-pressure mixing equipment. Furthermore, their properties such as improved resistance to cuts and tear, flexibility, hydrophobic nature, low compression set, high resistance to radiation, and excellent load-bearing capacity make cold cast elastomers a preferable cast elastomers. Thus, cold cast elastomers are used in industries such as construction and automobile & aviation manufacturing.
Asia Pacific to Hold a Leading Share of Global Cold Cast Elastomers Market
- Geographically, the global cold cast elastomers market can be divided into five regions: North America, Europe, Asia Pacific, Latin America, and Middle East & Africa
- Asia Pacific is a leading consumer of cold cast elastomers, followed by North America and Europe. Rising demand for elastomers from various end-use industries, backed by established automobile and other manufacturing industries in Asia Pacific, is driving the cold cast elastomers market in the region.
- Rapid industrialization led by economic growth and supportive government policies, availability of labor at a low cost, and abundance of natural resources in the region are factors fueling the cold cast elastomers market in Asia Pacific. End-use industries in the region are primarily driven by increase in population, rise in the per capita income, and improvement in lifestyle of people in developing economies such as China and India.
- Europe and North America markets are estimated to witness considerable growth during the forecast period. Rising production of automotive parts in Europe is anticipated to drive the cold cast elastomers market in the region during the forecast period. The U.S. is projected to be a key market for cold cast elastomers in North America during the forecast period, owing to presence of well-established automobile manufacturing and automobile parts manufacturing industries in the country.
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Key Players Operating in Global Cold Cast Elastomers Market:
- The global cold cast elastomers market is consolidated. Leading players currently holds over 40% share of the global market. Key players are adopting business strategies such as expansion of production capacities, optimization of manufacturing processes, and launch of high-performance products to strengthen their position in the rapidly expanding global market. A few of the key players operating in the global cold cast elastomers market are:
- BASF SE
- Covestro AG
- Era Polymers Pty Ltd
- Huntsman International LLC
- Lanxess Corporation
- Tosoh Corporation
- Mitsui Chemicals, Inc.
- Chemline Incorporation
Global Cold Cast Elastomers Market: Research Scope
Global Cold Cast Elastomers Market, by Processing
- Two Components
- Three Components
Global Cold Cast Elastomers Market, by Application
- Automotive & Transportation
- Oil & Gas
- Consumer Goods
- Others (Including Sanitary Waste Facility and Paper Converting)
Global Cold Cast Elastomers Market, by Region
- North America
- Russia & CIS
- Rest of Europe
- Asia Pacific
- Rest of Asia Pacific
- Latin America
- Rest of Latin America
- Middle East & Africa
- South Africa
- Rest of Middle East & Africa
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