Press release
Cast Elastomer Market | Key players operating in the market include Covestro AG, Huntsman Corp, Lanxess, Dow, BASF
According to recent market research "Cast Elastomer Market by Type (Hot Cast Elastomer, Cold Cast Elastomer), End-use Industry (Industrial, Automotive & Transportation, Oil & Gas, Mining), and Region (APAC, North America, Europe, South America, Middle East & Africa) - Global Forecast to 2026", size is projected to reach USD 1.8 billion by 2026 from USD 1.4 billion in 2021, at a CAGR of 5.0% during the forecast period. The growing demand for cast elastomer from high-value end-use industries such as automotive & transportation, oil & gas, and mining, as well as rapid industrialization in emerging economies are the major drivers for the market. Superior properties than conventional materials such as high load-bearing capacity, high resilience, high impact strength, high abrasion resistance, and excellent resistance to oil and grease are also driving the market for cast elastomer.Browse 118 market data Tables and 36 Figures spread through 148 Pages and in-depth TOC on "Cast Elastomer Market - Global Forecast to 2026"
View detailed Table of Content here - https://www.marketsandmarkets.com/Market-Reports/cast-elastomer-market-265916696.html
The hot cast elastomers segment is the largest and is also projected to continue this trend till 2026. The main growth driver of the high consumption of these cast elastomers is owing to their properties such as cost-effectiveness, versatility, and durability. Hot cast elastomers are used in end-use industries such as oil & gas, mining, and automotive & transportation. Increasing demand in these end-use industries such as automotive, oil & gas, and others is expected to support the growth of the hot cast elastomer segment during the forecast period.
Industrial segment is the largest end-use industry for cast elastomers. The high demand in this segment is attributed to its wide variety of applications in the industrial sector. Increasing number of industries and machinery is assisting in boosting the demand for cast elastomers in this sector. Cast elastomers are used in the industrial sector in a wide range of applications such as coupling elements, seals & gaskets, conveyor belts, forklift wheels, and others. These components are in turn used in various sectors such as paper, construction, heavy industries, and others. Growing demand for energy efficient and environment friendly equipments is also expected to affect the cast elastomers market in a positive manner.
For more Details Speak to Our Analyst @ https://www.marketsandmarkets.com/speaktoanalystNew.asp?id=265916696
The global cast elastomer market size is projected to reach USD 1.8 billion by 2026 from USD 1.4 billion in 2021, at a CAGR of 5.0% during the forecast period. The increasing demand from high-value end-use industries such as automotive & transportation, oil & gas, and mining, as well as rapid industrialization in emerging economies are the major drivers for the market. Improved properties such as high load-bearing capacity, high resilience, high impact strength, high abrasion resistance, and excellent resistance to oil and grease than conventional materials is also a major driving factor.
Growth in manufacturing sector and increase in urbanization in the emerging economies, such as APAC, Middle East & Africa, and South America, are also driving the market. The key players in the cast elastomer market include Covestro AG (Germany), Huntsman Corporation (US), Lanxess (Germany), Dow (US), BASF (Germany), Tosoh Corporation (Japan), Mitsui Chemicals, Inc. (Japan), and Era Polymers (Australia). The cast elastomer market report analyzes the key growth strategies, such as new product launches, investment & expansion, agreement & collaboration, and mergers & acquisitions adopted by the leading market players between 2016 and 2021.
Download PDF Brochure @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=265916696
BASF SE was the largest player in the cast elastomers market in 2020. The company has a broad product portfolio offering both hot and cold cast elastomers to a wide range of end users. It also offers cast elastomers based on various compositions and has adopted growth strategies to expand its cast elastomer business. For instance, in 2020, the company completed the capacity expansion of its MDI manufacturing facilities at its Louisiana site, Geismar. The annual capacity of MDI will be 600,000 metric tons per year. This will further strengthen the company's position as the leading supplier in North America.
Dow is the second-largest player in the cast elastomers market. The company offers a wide range of polyurethane systems based on different prepolymers to high-growth end-use industries. The company adopted both organic and inorganic growth strategies between 2016 and 2020 which helped it strengthen its position in the market. The most recent strategy adopted was expansion in May 2019, wherein, Dow selected Univar Solutions as a key North American channel to market its broad product portfolio of polyols and isocyanates. The collaboration aims to offer the best solutions to their customers. The company emphasizes R&D and has invested significant amounts in R&D activities. The company is currently focusing on improving its growth by continually evolving its business portfolio and offering high value to the market.
Contact:
Mr. Aashish Mehra
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA: 1-888-600-6441
Email: newsletter@marketsandmarkets.com
Press Release: https://www.marketsandmarkets.com/PressReleases/cast-elastomer.asp
Research Insights: https://www.marketsandmarkets.com/ResearchInsight/cast-elastomer-market.asp
About MarketsandMarkets™
MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies' revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.
Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model - GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, and strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.
MarketsandMarkets's flagship competitive intelligence and market research platform, "Knowledgestore" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Cast Elastomer Market | Key players operating in the market include Covestro AG, Huntsman Corp, Lanxess, Dow, BASF here
News-ID: 2631447 • Views: …
More Releases from MarketsandMarkets

Laser Interferometer Market Set to Grow at the Fastest Rate- Time to Grow your R …
The global laser interferometer market is expected to be valued at 315 million in 2024 and is projected to reach USD 447 million by 2029, at a CAGR of 7.2% from 2024 to 2029. Emerging applications in industries push the market's growth due to the growing demand for precision in the manufacturing sector. However, challenges such as higher initial investments and maintenance costs cause problems. Despite these, opportunities arise for…

With 19.6% CAGR, Battery Testing, Inspection, and Certification Market Growth to …
The battery testing, inspection, and certification market is projected to reach USD 36.7 billion by 2029 from USD 14.9 billion in 2024 at a CAGR of 19.6% during the forecast period. Increasing adoption of EVs and energy storage systems, rising enforcement of stringent standards to ensure battery safety, thriving portable electronics industry, and rapid advances in battery technology are the major factors contributing to the market growth.
Download PDF Brochure @…

Real-Time Location Systems Revolutionize Healthcare: Insights from MarketsandMar …
The global RTLS market for healthcare is projected to grow from USD 2.3 billion in 2024 to USD 5.7 billion by 2029, at a compound annual growth rate of 19.6% from 2024 to 2029. As it attracts more and more players who enter this market with innovative RTLS features for customers, the market for RTLS technology is rapidly increasing. Top companies in this market focus on healthcare, retail, and manufacturing…

Offsite Data Center Power Infrastructure Market Size to Reach $35.4 billion by 2 …
According to a research report "Offsite Data Center Power Infrastructure Market by Component (Solutions and Services), Vertical (BFSI, Media & Entertainment, Government & Defence, Healthcare, Manufacturing, IT & Telecom, Retail) and Region - Global Forecast to 2030" published by MarketsandMarkets, the market size for global offsite data center power infrastructure market is projected to reach approximately USD 35.4 billion by the year 2030, as compared to the estimated value of…
More Releases for Cast
Cast Iron vs Cast Steel: Which Manifold Enhances Performance?
Image: https://statics.mylandingpages.co/static/aaanxdmf26c522mp/image/b70503509e2c4604aa87f3862c47fe21.webp
Manifolds play a crucial role in engine performance. These components channel exhaust gases away from the engine, impacting efficiency and power output. A cast iron exhaust manifold [https://www.werkwell.com/exhaust-manifold/] offers durability and heat retention, making it a popular choice. However, advancements in material technology have introduced alternatives like cast steel [https://www.iron-foundry.com/cast-iron-exhaust-manifold-vs-cast-steel-manifolds.html], which provide enhanced strength and corrosion resistance.
Importance in Engine Performance
Impact on Efficiency
Manifolds significantly influence engine efficiency. Properly designed manifolds…
Cast Elastomer Market is Driven by Growing Demand for Cast Elastomers in the Aut …
A cast elastomer is a type of elastomeric material that is cast or molded into the desired shape. It is a versatile material that can be used for a variety of applications, including seals, gaskets, and vibration-damping materials. The cast elastomer has good mechanical properties and can withstand a wide range of temperatures and chemicals. It is also resistant to abrasion and tearing.
Get a Sample Report- https://www.globalinsightservices.com/request-sample/GIS20867
Key Trends
There are a…
Cast Resin Current Transformers Market Report 2018: Segmentation by Type (Indoor …
Global Cast Resin Current Transformers market research report provides company profile for CHINT, Stemar Electrical Products, Gemini Instratech Ltd., Elba d.o.o., Kaldera Company, ABB, Siemens, Schneider Electric, Toshiba, Fuji Electric and Others.
This market study includes data about consumer perspective, comprehensive analysis, statistics, market share, company performances (Stocks), historical analysis 2012 to 2017, market forecast 2018 to 2025 in terms of volume, revenue, YOY growth rate, and CAGR for the…
CONNOR FOX CAST IN SHOUTING SECRETS
Los Angeles, CA (April 28, 2010)- Award-winning actor Connor Fox, has officially signed on to play the role of Brody in the Korinna Sehringer film “Shouting Secrets” which started shooting in Arizona on April 26th. Fox will join Twilight Saga actors Gil Birmingham and Chaske Spencer as well actress, Q'orianka Kilcher (“The New World”), in this film about a successful young writer in Los Angeles who is called back…
Hexis launches carbon cast film
Hexis has launched a new cast vinyl with a carbon fibre look destined for wrapping applications. The company is promoting the new line with a dedicated mini-site: ilovehx.com.
Part of the HX30000 Series, the “Carbon Cast” is a multi-layered 135µm cast vinyl film with a carbon fibre embossed pattern. It carries the proven solvent-based adhesive and a structured PE liner with Hex’Press technology that allows convenient air egress during application. With…
HEXIS launches new matt cast laminate
Hexis, the French vinyl film manufacturer, will be present at both VISCOM sign shows this autumn in Paris and Frankfurt and introduce a line of cast laminates.
Vehicle wraps can now achieve a perfectly glare-free effect with a new matt laminate.
The PC30M2 is a 30µm matt cast laminate designed for use on cast vinyls – both printed and full colour - destined for applications on complex curved and corrugated surfaces. In…