Press release
Cast Elastomer Market is Driven by Growing Demand for Cast Elastomers in the Automotive Industry
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Key Trends
There are a few key trends in Cast Elastomer technology:
1. Increased use of fillers: Fillers are being used more and more in Cast Elastomer products to improve performance and reduce costs.
2. Improved processing: New processing techniques are being developed to improve the quality of Cast Elastomer products.
3. More focus on sustainability: With the increased focus on sustainability, manufacturers are looking for ways to reduce the environmental impact of Cast Elastomer products.
4. Increased use of biocompatible materials: With the increased focus on healthcare, there is a need for more biocompatible materials in Cast Elastomer products.
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Key Drivers
The key drivers of the cast elastomer market include the growing demand for cast elastomers in the automotive industry and the increasing use of cast elastomers in healthcare applications. The automotive industry is the largest end-use market for cast elastomers, and the demand for cast elastomers is growing due to the increasing production of vehicles. Healthcare is another major end-use market for cast elastomers, and the demand is growing due to the increasing use of cast elastomers in prosthetics and orthotics.
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Key Players
The Key Players in the market are Wanhua Chemical Group Co., Ltd., Huntsman Corporation, Era Polymers Pty Ltd, Covestro AG, Accella Polyurethane Systems, Synthesia International S.L.U.,, Everchem Specialty Chemicals, Taiwan Pu Corporation, VCM Polyurethane Pvt. Ltd., and Tosoh Corporation.
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