Cast Elastomers Market 2020-2030: Industry Size, Share, Price, Trend and Forecast

𝐂𝐚𝐬𝐭 𝐄𝐥𝐚𝐬𝐭𝐨𝐦𝐞𝐫𝐬 𝐌𝐚𝐫𝐤𝐞𝐭: 𝐈𝐧𝐭𝐫𝐨𝐝𝐮𝐜𝐭𝐢𝐨𝐧

In terms of value, the global cast elastomers market is anticipated to expand at a CAGR of ~5% from 2020 to 2030 and exceed US$ 2 Bn by 2030. Asia Pacific dominated the global cast elastomers market in terms of volume in 2019. It is estimated to lead the global cast elastomers market during the forecast period, owing to increase in demand for cast elastomers from various end-use industries, including automotive, building & construction, oil & gas, and energy & power. Low price of cast elastomers, superior advantages over conventional materials, and shift in manufacturing facilities of cast elastomers from western regions to countries in the Asia Pacific, especially China and India, are anticipated to boost the consumption of cast elastomers in the region. Furthermore, increase in urbanization, large consumer base, and growth in disposable income are estimated to drive the market in the region in the near future. The industrial process & material handling end-use industry segment is projected to offer lucrative opportunities for the global cast elastomers market in the near future. The cast elastomers market in North America is projected to expand at a rapid pace during the forecast period. The cast elastomers market in Europe is likely to expand at a healthy CAGR during the forecast period.

𝐑𝐞𝐪𝐮𝐞𝐬𝐭 𝐟𝐨𝐫 𝐚 𝐬𝐚𝐦𝐩𝐥𝐞 𝐨𝐟 𝐭𝐡𝐢𝐬 𝐫𝐞𝐬𝐞𝐚𝐫𝐜𝐡 𝐫𝐞𝐩𝐨𝐫𝐭 𝐚𝐭 (𝐔𝐬𝐞 𝐂𝐨𝐫𝐩𝐨𝐫𝐚𝐭𝐞 𝐌𝐚𝐢𝐥 𝐈𝐝 𝐟𝐨𝐫 𝐐𝐮𝐢𝐜𝐤 𝐑𝐞𝐬𝐩𝐨𝐧𝐬𝐞) -https://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=46851

𝐂𝐚𝐬𝐭 𝐄𝐥𝐚𝐬𝐭𝐨𝐦𝐞𝐫𝐬 𝐌𝐚𝐫𝐤𝐞𝐭: 𝐌𝐚𝐣𝐨𝐫 𝐃𝐫𝐢𝐯𝐞𝐫𝐬 𝐚𝐧𝐝 𝐑𝐞𝐬𝐭𝐫𝐚𝐢𝐧𝐭𝐬

Cast elastomers are primarily utilized in automotive and oil & gas application. Excellent elongation and low compression properties offered by cast elastomers make them ideal materials for automotive components. Total production of motor vehicles across the globe stood at around 95 million in 2018 compared to 77 million in 2010. Thus, increase in global automobile production is anticipated to lead to development if the cast elastomers market. Rise in trend toward production of lightweight vehicles is another driver of the global cast elastomer market. These cast elastomers cater to the increasing demand for enhanced performance. Presence of favorable regulatory scenarios and expansion of end-use industries are prompting market players to develop and manufacture multi-functional cast elastomers.

The demand for cast elastomers is increasing across the globe, owing to extensive use of cast elastomers in applications such as industrial wheels, rollers, and machinery, as they offer tough abrasion resistance and high load-bearing capacity. The rise in the number of manufacturing facilities across the globe and growth in government expenditure on developing infrastructure are projected to boost the demand for cast elastomers in these industries. This, in turn, is likely to boost the cast elastomers market during the forecast period.

The demand for cast elastomers in the industrial process & material handling end-use industry is projected to increase during the forecast period, due to rise in the use of cast elastomers in material handling & industrial applications, including machinery parts, rollers, and industrial wheels. Properties of cast elastomers, such as cost-effectiveness, low abrasion, thermal stability, and durability, are further expected to drive the industrial process & material handling segment of the global cast elastomers market.

𝐂𝐚𝐬𝐭 𝐄𝐥𝐚𝐬𝐭𝐨𝐦𝐞𝐫𝐬 𝐌𝐚𝐫𝐤𝐞𝐭: 𝐏𝐫𝐨𝐦𝐢𝐧𝐞𝐧𝐭 𝐒𝐞𝐠𝐦𝐞𝐧𝐭𝐬

Based on type, the cast elastomers market has been classified into hot and cold. Hot is estimated to be the key segment of the cast elastomers market in the near future. Market share of the hot cast segment is large due to the wide usage of these elastomers in automotive & transportation and industrial applications, owing to properties such as high abrasion resistance, high tensile strength, high load-bearing capacity, superior impact strength, and cost-effectiveness. In terms of end-use industry, the global cast elastomers market has been segregated into automotive, building & construction, industrial process & material handling, mining, oil & gas, energy & power, and others. Industrial process & material handling is likely to be the major end-use industry segment of the cast elastomers market. Market share of the segment is large due to the extensive use of cast elastomers in applications such as industrial wheels, rollers, and machinery.

𝐂𝐨𝐦𝐩𝐞𝐭𝐢𝐭𝐢𝐨𝐧 𝐋𝐚𝐧𝐝𝐬𝐜𝐚𝐩𝐞 𝐨𝐟 𝐂𝐚𝐬𝐭 𝐄𝐥𝐚𝐬𝐭𝐨𝐦𝐞𝐫𝐬 𝐌𝐚𝐫𝐤𝐞𝐭

Key manufacturers operating in the global cast elastomers market include Covestro AG, Argonics, Inc., Huntsman International LLC, BASF SE, Tosoh Corporation, Mitsui Chemicals, Inc., Dow, Coim Group, Era Polymers Pty Ltd., Wanhua Chemical Group Co. Ltd., Notedome Limited, and LANXESS AG.

𝐁𝐮𝐲 𝐭𝐡𝐢𝐬 𝐏𝐫𝐞𝐦𝐢𝐮𝐦 𝐑𝐞𝐬𝐞𝐚𝐫𝐜𝐡 𝐑𝐞𝐩𝐨𝐫𝐭 | 𝐈𝐦𝐦𝐞𝐝𝐢𝐚𝐭𝐞 𝐃𝐞𝐥𝐢𝐯𝐞𝐫𝐲 𝐀𝐯𝐚𝐢𝐥𝐚𝐛𝐥𝐞 𝐚𝐭 -https://www.transparencymarketresearch.com/checkout.php?rep_id=46851<ype=S

𝐆𝐥𝐨𝐛𝐚𝐥 𝐂𝐚𝐬𝐭 𝐄𝐥𝐚𝐬𝐭𝐨𝐦𝐞𝐫𝐬 𝐌𝐚𝐫𝐤𝐞𝐭: 𝐒𝐞𝐠𝐦𝐞𝐧𝐭𝐚𝐭𝐢𝐨𝐧

Cast Elastomers Market, by Type

Hot
Cold

𝐂𝐚𝐬𝐭 𝐄𝐥𝐚𝐬𝐭𝐨𝐦𝐞𝐫𝐬 𝐌𝐚𝐫𝐤𝐞𝐭, 𝐛𝐲 𝐑𝐚𝐰 𝐌𝐚𝐭𝐞𝐫𝐢𝐚𝐥

TDI-based
MDI-based
Aliphatic
Others (including Polyurethane and NDI-based)

𝐂𝐚𝐬𝐭 𝐄𝐥𝐚𝐬𝐭𝐨𝐦𝐞𝐫𝐬 𝐌𝐚𝐫𝐤𝐞𝐭, 𝐛𝐲 𝐄𝐧𝐝-𝐮𝐬𝐞 𝐈𝐧𝐝𝐮𝐬𝐭𝐫𝐲

Automotive
Building & Construction
Industrial Process & Material Handling
Mining
Oil & Gas
Energy & Power
Others (including Agriculture, Medical, and 3D Printing)

𝐂𝐚𝐬𝐭 𝐄𝐥𝐚𝐬𝐭𝐨𝐦𝐞𝐫𝐬 𝐌𝐚𝐫𝐤𝐞𝐭, 𝐛𝐲 𝐑𝐞𝐠𝐢𝐨𝐧

North America
U.S.
Canada
Europe
Germany
France
U.K.
Italy
Spain
Russia & CIS
Rest of Europe
Latin America
Brazil
Mexico
Rest of Latin America
Middle East & Africa
GCC Countries
South Africa
Rest of Middle East & Africa
Asia Pacific
China
India
Japan
ASEAN
Rest of Asia Pacific

𝐌𝐨𝐫𝐞 𝐓𝐫𝐞𝐧𝐝𝐢𝐧𝐠 𝐑𝐞𝐩𝐨𝐫𝐭𝐬 𝐛𝐲 𝐓𝐫𝐚𝐧𝐬𝐩𝐚𝐫𝐞𝐧𝐜𝐲 𝐌𝐚𝐫𝐤𝐞𝐭 𝐑𝐞𝐬𝐞𝐚𝐫𝐜𝐡 -

Polypropylene Market - https://www.globenewswire.com/news-release/2022/08/30/2506753/0/en/Polypropylene-Market-to-Rise-at-a-CAGR-of-5-7-during-Forecast-Period-notes-TMR-Study.html

Lubricant Additives Market - https://www.prnewswire.com/news-releases/value-of-lubricant-additives-market-to-surpass-us-18-bn-by-2027-notes-tmr-study-301614700.html

𝐂𝐨𝐧𝐭𝐚𝐜𝐭 𝐔𝐬

Nikhil Sawlani
Transparency Market Research Inc.
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𝐀𝐛𝐨𝐮𝐭 𝐔𝐬 𝐓𝐫𝐚𝐧𝐬𝐩𝐚𝐫𝐞𝐧𝐜𝐲 𝐌𝐚𝐫𝐤𝐞𝐭 𝐑𝐞𝐬𝐞𝐚𝐫𝐜𝐡

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