Cast Elastomer Market Share, Size, Trends, Industry Analysis Report, By Technology (Hot Cast Elastomer, Cold Cast Elastomer); By Application; By Industry Vertical; By Region; Segment Forecast, 2023- 2032

Cast Elastomer Market Share, Size, Trends, Industry Analysis Report, By Technology (Hot Cast Elastomer, Cold Cast Elastomer); By Application; By Industry Vertical; By Region; Segment Forecast, 2023- 2032

The global cast elastomer market size is expected to reach USD 2,195.13 million by 2032, according to a new study by Polaris Market Research. The report “Cast Elastomer Market Share, Size, Trends, Industry Analysis Report, By Technology (Hot Cast Elastomer, Cold Cast Elastomer); By Application; By Industry Vertical; By Region; Segment Forecast, 2023 - 2032” gives a detailed insight into current market dynamics and provides analysis on future market growth.

Elastomers are rubber-like polymers that stretch far more than springs that snap back into their shape upon force release. Elastomers resist motion much like a damper or dashpot when deformed by outside forces, resisting flow like a viscous liquid. Cast polyurethane elastomers are useful for a variety of uses due to their special characteristics. These consist of mechanical and industrial components as well as uses for mining, oil and gas, printing, material handling, and a wide range of other industries.

The rising research and development activities, along with the new product innovations, are fueling its expansion in the coming years. For instance, Liqcreate introduced Elastomer-X, which is suitable for making elastic parts & soft digital lattice systems. These innovations are providing a wider scope for further research activities in the cast elastomer field in the coming future.

The rising construction activities in developing countries like India are fueling the need for construction components, including pipe linings, conveyor components, and more, facilitating a need for cast elastomers due to their ability to withstand harsh environments. According to Invest India, by 2025, the Indian construction industry is expected to reach UD 1.4 Tn. In India, urbanization will rise to over 40% of the total population by 2030; there will be demand for 25 Mn extra mid-range & in-expensive housing units. The growing population is witnessing rapid demand for housing, driving the production of residential homes in a way that will contribute to the expansion of the cast elastomer market in the coming years.

Cast Elastomer Market Report Highlights

The hot cast segment is anticipated to witness the highest growth in the coming years due to its higher performance and durability.

The pipe linings segment accounted for the largest market share owing to the need for corrosion resistance in various industries.

The oil and gas segment is projected to experience a larger revenue share due to the harsh operating conditions.

APAC is projected to register the largest growth rate in the study period owing to the growing automotive industry.

Europe is expected to have the fastest growth owing to the expanding demand for renewable energy sources, driving power panel production and, in a way, demand for cast elastomers.

The global players include Accella Polyurethane Systems, BASF, Coim Group, Covestro, Era Polymers, Everchem Specialty Chemicals, Huntsman Corporation, Synthesia International & Taiwan Pu Corporation.

Polaris Market Research has segmented the cast elastomer market report based on technology, application, industry vertical and region:

Cast Elastomer, Technology Outlook (Revenue - USD Million, 2019 - 2032)

Hot Cast Elastomer

Cold Cast Elastomer

Cast Elastomer, Application Outlook (Revenue - USD Million, 2019 - 2032)

Separating Screens

Pipe Linings

Conveyor Scrapers

Idler Rolls

Others

Cast Elastomer, Industry Vertical Outlook (Revenue - USD Million, 2019 - 2032)

Chemical & Petrochemical

Oil & Gas

Energy & Power

Automotive

Food & Beverage

Healthcare

Others

Cast Elastomer, Regional Outlook (Revenue - USD Million, 2019 - 2032)

North America

U.S.

Canada

Europe

Germany

UK

France

Italy

Spain

Russia

Netherlands

Asia Pacific

China

India

Japan

South Korea

Indonesia

Malaysia

Latin America

Argentina

Brazil

Mexico

Middle East & Africa

UAE

Saudi Arabia

Israel

South Africa