The global cast elastomers market is projected to be valued at USD 1,842.2 Million by 2027, according to a current analysis by Emergen Research. Cast elastomers are witnessing high demand from the automotive industry. Cast elastomers are deployed in some of the most demanding industries, such as the automotive industry. Cast elastomers (for example, polyurethanes) have considerable load-bearing capacity, abrasion resistance, impact strength, elasticity, and exceptional resistance to lubricants such as oil and grease. In the automobile production, cast elastomers are frequently used in those parts and components that need to resist the effects of stretching, sliding, torsional forces, wear and tear, load-bearing, compression, and aging. Components produced from cast elastomers include motor and transmission mounts, damper springs, suspension pads, drive belts, filters, dunnage, tires, wheels fill, sprockets, and gears.
The unmatched gripping characteristics, flexibility, and cut resistance of cast elastomers make them optimum materials for rollers and conveyor parts in the food industry.
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Regional Analysis:
The report sheds light on the region expected to dominate the Cast Elastomers market in the coming years. The report estimates the market size in terms of volume and value and offers an accurate estimate of the market share each region is anticipated to hold during the forecast period. The report analyzes the spread of the Cast Elastomers market in key geographies covering North America, Latin America, Europe, Asia Pacific, and Middle East Africa. The regional analysis offers an idea about the production and consumption pattern, import/export, supply and demand ratio, revenue contribution, market share and size, and the presence of prominent players in each region.
Market Drivers:
The constant efforts of prominent players to develop newer and modern technologies and product advancements are expected to drive the growth of the industry over the coming years. The report studies the extensive business expansion plans and advancements in RD activities and product portfolio. The report offers a clear understanding of the alliances in the market, such as mergers and acquisitions, joint ventures, collaborations, partnerships, agreements, product launches and brand promotions, and corporate deals.
Key market participants include Huntsman Corporation, BASF SE, Era Polymers, Lanxess AG, Wanhua Chemical Group, Covestro AG, Coim Group, DowDuPont, Mitsui Chemicals, and Chemline Inc.
Emergen Research has segmented the global cast elastomers market in terms of product type, distribution channel, application, and region:
Product Type Outlook (Revenue, USD Million; 2017–2027)
- Cold Cast Elastomers
- Hot Cast Elastomers
Distribution Channel Outlook (Revenue, USD Million; 2017–2027)
- Online
- Offline
Application Outlook (Revenue, USD Million; 2017–2027)
- Automotive Transportation
- Oil Gas
- Mining
- Agriculture
- Industrial
- Sports Leisure
- Others
Key Highlights from the Report
- In December 2020, Huntsman Corporation made an announcement about the signing of a partnership contract with Lintech International LLC for distribution of DALTOCAST, a polyurethane-based hot cast elastomer system
- Hot cast elastomers are widely employed in several end-user industries, especially the mining industry, as pipe linings, separating screens, idler rolls, conveyor scrapers, and several components and parts in the flotation process. In other end-user industries, hot cast elastomers are used in the manufacture of wheels, rollers, and tires.
- The cast urethane process is employed to produce customized molded products that comply with accurate component specifications in various industries that require high-quality tailor-made molded elastomer products such as agriculture, automotive, and oil gas. Besides, these products possess high wear and tear resistance than metal products that develop cracks and corrode during industrial usage.
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