Cast Elastomer Market Size - By Type (Hot, Cold), By Material Type (Polyurethane (PU), Epoxy, Silicone, Rubber), By Application & Global Forecast, 2024 - 2032
Global Cast Elastomer Market will register a 5.3% CAGR between 2024 and 2032, attributed to technological advancements and increasing automotive production. Innovations in material science are enhancing the performance and versatility of cast elastomers, making them increasingly appealing for automotive applications. As automotive production continues to rise globally, particularly in emerging markets, the demand for cast elastomers for components such as engine mounts, suspension systems, and seals will surge, driving the overall market size.
Manufacturers are innovating with cutting-edge products, providing efficient elastomers for diverse industries, thus reinforcing their market dominance and competitiveness. For instance, in September 2023, Carbon introduced EPU 46, its latest elastomer material, tailored to meet diverse industry needs. With an emphasis on performance, comfort, and aesthetics, EPU 46 offers exceptional durability and a variety of vibrant color options. This enables the production of premium, customizable products like saddles, footwear, and grips.
The cast elastomer industry is fragmented based on material, application, and region.
The epoxy segment will establish a substantial market foothold by 2032. Epoxy-based cast elastomers offer remarkable durability, excellent adhesion, and superior chemical resistance, making them ideal for various industrial applications such as automotive, construction, and electronics. Additionally, the versatility of epoxy formulations allows for tailored solutions to meet specific requirements, further driving their demand. With an increasing emphasis on performance and reliability, the epoxy segment will maintain its dominance in the cast elastomer market.
The automotive parts segment will capture a considerable cast elastomer market share from 2024 to 2032, owing to rising demand for durable and high-performance materials in vehicle manufacturing. Cast elastomers offer exceptional properties such as resilience, abrasion resistance, and flexibility, making them ideal for various automotive components, including bushings, suspension systems, and engine mounts. Additionally, stringent regulations for improved fuel efficiency and vehicle safety will further drive the adoption of cast elastomers in the automotive sector, reinforcing its dominance in the market.
Asia-Pacific cast elastomer industry will grow at a remarkable CAGR during 2024 and 2032, driven by several factors. Rapid industrialization, urbanization, and increasing infrastructure projects drive the demand for cast elastomers across various sectors like automotive, construction, and electronics. Additionally, favorable government policies, investments in research and development, and a burgeoning manufacturing sector will contribute to the region's dominance. With a burgeoning population and rising economic growth, Asia-Pacific will emerge as a key contributor to the cast elastomer industry.
- Chapter 1 Methodology & Scope
- 1.1 Industry coverage
- 1.2 Market scope & definition
- 1.3 Base estimates & calculations
- 1.3.1 Data collection
- 1.4 Forecast parameters
- 1.5 COVID-19 impact analysis at global level
- 1.6 Data validation
- 1.7 Data Sources
- 1.7.1 Primary
- 1.7.2 Secondary
- 1.7.2.1 Paid sources
- 1.7.2.2 Unpaid sources
- Chapter 2 Executive Summary
- 2.1 Cast elastomer industry 360 degree synopsis, 2018 - 2032
- 2.2 Business trends
- 2.3 Type trends
- 2.4 Material type trends
- 2.5 Application trends
- 2.6 Regional trends
- Chapter 3 Cast Elastomer Industry Insights
- 3.1 Industry ecosystem analysis
- 3.2 Industry impact forces
- 3.2.1 Growth drivers
- 3.2.2 Industry pitfalls & challenges
- 3.3 Growth potential analysis
- 3.3.1 By type
- 3.3.2 By material type
- 3.3.3 By application
- 3.4 COVID- 19 impact analysis
- 3.5 Regulatory landscape
- 3.5.1 U.S.
- 3.5.2 Europe
- 3.6 Pricing analysis, 2022
- 3.7 Technology landscape
- 3.7.1 Future market trends
- 3.8 Porter's analysis
- 3.9 PESTEL analysis
- Chapter 4 Competitive Landscape, 2022
- 4.1 Introduction
- 4.2 Company matrix analysis, 2022
- 4.3 Global company market share analysis, 2022
- 4.4 Competitive positioning matrix
- 4.5 Strategy dashboard
- Chapter 5 Cast Elastomer Market Size and Forecast, By Type 2018 - 2032
- 5.1 Hot
- 5.2 Cold
- Chapter 6 Cast Elastomer Market Size and Forecast, By Material Type 2018 - 2032
- 6.1 Polyurethane (PU)
- 6.2 Epoxy
- 6.3 Silicone
- 6.4 Rubber
- 6.5 Others
- Chapter 7 Cast Elastomer Market Size and Forecast, By Application 2018 - 2032
- 7.1 Industrial components and machinery
- 7.2 Automotive parts
- 7.3 Mining equipment components
- 7.4 Oil and gas equipment
- 7.5 Seals and gaskets
- 7.6 Rollers and wheels
- 7.7 Belts and conveyors
- 7.8 Others
- Chapter 8 Cast Elastomer Market Size and Forecast, By Region 2018 - 2032
- 8.1 Key trends, by region
- 8.2 North America
- 8.2.1 U.S.
- 8.2.2 Canada
- 8.3 Europe
- 8.3.1 Germany
- 8.3.2 UK
- 8.3.3 France
- 8.3.4 Spain
- 8.3.5 Italy
- 8.4 Asia Pacific
- 8.4.1 Japan
- 8.4.2 China
- 8.4.3 India
- 8.4.4 Australia
- 8.4.5 South Korea
- 8.4.6 Indonesia
- 8.4.7 Malaysia
- 8.5 Latin America
- 8.5.1 Brazil
- 8.5.2 Mexico
- 8.5.3 Argentina
- 8.6 MEA
- 8.6.1 South Africa
- 8.6.2 Saudi Arabia
- 8.6.3 UAE
- 8.6.4 Egypt
- Chapter 9 Company Profiles
- 9.1 Huntsman Corporation
- 9.2 Dow Inc.
- 9.3 LANXESS AG
- 9.4 Wacker Chemie AG
- 9.5 Momentive Performance Materials Inc.
- 9.6 Tosoh Corporation
- 9.7 Chemline Inc.
- 9.8 Cast Urethane Prepolymer (C.U.P.)
- 9.9 American Urethane, Inc.
- 9.10 Rubber Industries Inc.
- 9.11 PSI Urethanes
- 9.12 Gallagher Corporation
- 9.13 Accella Polyurethane Systems
- 9.14 Specialty Products, Inc.
- 9.15 Innovative Polymers, Inc.
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