Urethane Casting Services Market Scope
Urethane Casting is the production of rigid plastic or rubber parts for industrial applications. This type of services are used in 3d printed patterns and silicon moulds. This services are highly popularised in industry owing to low cost and less finishing requirement. Materials used for urethane casting include rigid, flexible, foam, shore A and D elastomers. Urethane Casting Services are mostly used in prototype, pre-production parts and small batch manufacturing among other applications. Currently, North America is the biggest market of Urethane Casting Services.
The Urethane Casting Services market study is segmented by Type (Rigid Urethane Materials, Flexible Urethane Materials, Foam Urethane Materials and Shore A Elastomers), by Application (Pre-Production Parts, Functional Prototypes and Alpha and Beta Builds) and major geographies with country level break-up.
Fathom (United States), Stratasys Direct, Inc. (Israel), 3D Systems, Inc. (United States), ProtoCAM (United States), Xometry (United States), FORECAST 3D (United States), The Technology House (United States), HLH Prototypes Co. Ltd. (China), Precision Urethane & Machine, Inc. (United States) and ARRK North America, Inc. (United States) are some of the key players that are part of study coverage. Additionally, the Manufacturers which are also part of the research are American Urethane (United States), SicamSicam Corporation (United States), TPC Inc. (United States), GoProto, Inc. (United States) and Industrial Wheels, Inc. (United States).
About Approach
The research aims to propose a patent-based approach in searching for potential technology partners as a supporting tool for enabling open innovation. The study also proposes a systematic searching process of technology partners as a
preliminary step to select the emerging and key players that are involved in implementing market estimations. While patent analysis is employed to overcome the aforementioned data- and process-related limitations, as expenses occurred in that technology allows us to estimate the market size by evolving segments as target market from total available market.
Segmentation Overview
AMA Research has segmented the market of Global Urethane Casting Services market by Type, Application and Region.
On the basis of geography, the market of Urethane Casting Services has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico).
Market Leaders and their expansionary development strategies
In 2020, Plan Tech, Inc., United States based Fabrication and Wielding specialist firm announced completion of acquisition of Industrial Wheels, Inc.’s assets. Industrial Wheels are Urethane Casting Services Providers for wide variety of Industrial Applications. The acquisition will strengthen and expand Plan Tech’s offerings into specialized polyurethane applications., and In 2020, Fathom, Midwest Composite Technologies and ICOMold, announced acquisition and merger to form largest privately held digital manufacturing service provider in the region of North America. The move was aimed at enhancing combined expertise and capacity to prove unmatched services and solutions in the industry including in Urethane Casting.
Market Trend
- Adoption of Automation in Urethane Casting
Market Drivers
- Rapid Industrialisation
- Increase in Heavy and Industrial Machinery Demand Especially Fuelled by SMEs
- Rising Investments in Research and Development of New Machinery
Opportunities
- Small and Medium Enterprises Situated in Asia Pacific could be High Potential Growth Drivers
Restraints
- Competition from Emerging 3D Printing Technology
Challenges
- Less Technical Expertise in Developing Countries
Key Target Audience
Urethane Casting Services Providers, Raw Material Suppliers, New Entrants/Investors, Venture Capitalists and Private Equity Firms, Analysts and Strategic Business Planners and End-Use Industries