Cold Cast Elastomers Market Highlighting Regional Revenue Share Dominance During 2018 to 2027
Verfasser: ashwani_kailiya on Thursday, 7 February 2019According 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.
New stabilizers from LANXESS that seek applications in both cold and hot cast elastomer production, recent launch of SUPRASEC range of cold cast elastomers by Huntsman Corporation, and BASF’s Elasturan cold cast elastomers are some of key product launches witnessed in APEJ, which has been complementing its sovereignty in the cold cast elastomers market. In 2018, APEJ accounted for over 30% of overall volume sales of cold cast elastomers worldwide.
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Demand for Cold Cast Elastomers to Remain Robust in Industrial Applications