Cast Elastomer Global Market Report 2024

Description

“Cast Elastomer Global Market Report 2024 ” from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.

This report focuses on cast elastomer market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.

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Measure the impact of high global inflation on market growth.
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Where is the largest and fastest growing market for cast elastomer? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? “The cast elastomer market global report ” from The Business Research Company answers all these questions and many more.

The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.

Scope

Markets Covered:

1) By Type: Hot Cast Elastomer; Cold Cast Elastomer
2) By Distribution: Online; Offline
3) By End-Use Industry: Mining; Automotive And Transportation; Industrial; Oil And Gas; Other End-Users
Companies Mentioned: Argonics Inc.; BASF SE; Chemline Incorporation; Coim Group; Covestro AG
Countries: Australia; Brazil; China; France; Germany; India; Indonesia; Japan; Russia; South Korea; UK; USA; Canada; Italy; Spain
Regions: Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa
Time series: Five years historic and ten years forecast.
Data: Ratios of market size and growth to related markets, GDP proportions, expenditure per capita,
Data segmentations: country and regional historic and forecast data, market share of competitors, market segments.
Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes.
Delivery format: PDF, Word and Excel Data Dashboard.

Executive Summary

Cast elastomers are resilient polymer materials with rubber-like properties, known for their exceptional stretching capabilities and ability to revert to their original shape upon the removal of force, akin to springs. These versatile polymers find applications in various industrial components, including bearings, wear strips, bumpers, shock absorbers, and slide plates.

Two primary categories of cast elastomers are hot-cast and cold-cast varieties. Hot-cast elastomers are particularly suited for demanding applications where top-notch performance is essential. The manufacturing process for hot-cast elastomers involves the use of heated components and tooling, followed by a hot post-cure to enhance properties. These cast elastomers are distributed through both online and offline channels, catering to diverse sectors such as mining, automotive and transportation, industrial, oil and gas, among others.

The cast elastomers market research report is one of a series of new reports from The Business Research Company that provides cast elastomers market statistics, including cast elastomers industry global market size, regional shares, competitors with a cast elastomers market share, detailed cast elastomers market segments, market trends and opportunities, and any further data you may need to thrive in the cast elastomers industry. This cast elastomers market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

The cast elastomer market size has grown strongly in recent years. It will grow from $1.48 billion in 2023 to $1.58 billion in 2024 at a compound annual growth rate (CAGR) of 6.7%. The expansion observed in the historical period can be attributed to several factors, including the growth of the automotive industry, a rising demand for cast elastomers in industrial machinery components, the widespread use of cast elastomers in oil and gas applications, a surge in the footwear industry, and an increased demand in the consumer electronics sector.

The cast elastomer market size is expected to see strong growth in the next few years. It will grow to $2.08 billion in 2028 at a compound annual growth rate (CAGR) of 7.1%. Anticipated growth in the forecast period is influenced by several key factors, including a heightened focus on energy efficiency, a growing emphasis on environmentally friendly and sustainable elastomeric materials, an increased utilization of cast elastomers in the aerospace sector, continued investments in research and development, and sustained growth in the renewable energy sector. Notable trends expected in the forecast period encompass customization and tailoring, the adoption of automated manufacturing processes, advancements in research and development, innovative technological solutions, and the integration of cast elastomers into 3D printing technology.

The cast elastomer market is poised for growth due to the increasing demand across various end-use industries. Cast elastomers find applications in diverse industrial sectors, serving purposes such as seals, gaskets, forklift wheels, coupling elements, and conveyor belts. These materials are widely utilized in construction, heavy industry, and the paper sector. For example, Pacific Urethanes, an Australia-based company specializing in polyurethane systems, has developed UrePacSpraycast elastomers. These elastomers, operated through a dual-component spray machine, exhibit high elasticity, chemical resistance, and tensile strength. They are commonly used as protective linings for utility vehicles, truck bed linings, and architectural moldings, reflecting the growing demand for cast elastomers in various end-use industries.

The cast elastomer market is anticipated to experience growth driven by the increasing demand in automotive component manufacturing. The automotive components industry, particularly in India, is expected to witness significant growth, with projections indicating a 10-15% increase. Cast elastomers, known for their flexibility, durability, and ease of processing, find applications in various automotive components. For instance, the Indian automotive sector achieved a revenue of USD 56.5 billion in 2022, representing a 23% increase from the previous year. This upward trajectory is expected to continue, with a projected growth rate of 15% in the fiscal year 2023-24, highlighting the substantial demand for automotive components that contributes to the cast elastomers market's growth.

The cast elastomer market is being shaped by the increasing utilization of bio-based raw materials in its production. Companies in the sector are actively working on developing bio-based products to minimize environmental impact and carbon footprint. For instance, Koninklijke DSM N.V, a Netherlands-based chemical company, introduced mass-balanced bio-based Arnitel, a thermoplastic elastomer, in 2021. This innovative product is manufactured using a mass-balance approach, incorporating bio-based feedstock in the production process. As a result, the end product contains over 25% bio-based content by weight, showcasing the industry's commitment to sustainable practices in the cast elastomer market.

Companies within the cast elastomer market are actively engaged in innovation to maintain their market positions. Solvay, a Belgium-based chemical company, introduced Xydar LCP G-330 HH in March 2023, a glass-filled liquid crystal polymer (LCP) designed specifically for high-heat electric vehicle (EV) battery module insulation. This novel polymer grade addresses critical safety requirements in EV battery components, particularly during thermal runaway situations. Xydar LCP G-330 HH is engineered to enhance passenger safety by meeting demanding thermal and insulation specifications. Notably, it is inherently flame-retardant without the use of halogen or bromine additives, demonstrating its ability to retain electrical insulation even when exposed to 400°C for 30 minutes. This innovation positions Solvay as a contributor to the safety and efficiency of EV battery systems.

In a strategic move, Polytek, a US-based specialty polymer producer for casting, coating, and mold-making applications, acquired Endurance Technologies in February 2021. The acquisition, undertaken for an undisclosed amount, expanded Polytek's manufacturing facilities, capacities, and technical expertise. Endurance Technologies, based in India, is an auto component manufacturer specializing in cast elastomers. This strategic acquisition not only strengthens Polytek's position in the cast elastomer market but also enhances its capabilities and offerings within the industry.

Major companies operating in the cast elastomer market include Argonics Inc., BASF SE, Chemline Incorporation, Coim Group, Covestro AG, Du Pont De Nemours and Company, Era Polymers Pty Ltd., Huntsman International LLC, Lanxess AG, Mitsui Chemicals Inc., Notedome Limited, Synthesia Technology, Dow Chemical Company, Tosoh Corporation, Carlisle Polyurethane Systems, Wacker Chemie AG, Momentive Performance Materials Inc., Cast Urethane, Wanhua Chemical Group Co. Ltd., Polyurethane Products Corporation, Huntsman Corporation, Notedome Ltd., Trelleborg AB, RTP Company, PolyOne Corporation, Hexpol AB, Permali Gloucester Limited, Rubberlite Inc., Sanchem Inc.

North America was the largest region in the cast elastomer market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the cast elastomer market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa.

The countries covered in the cast elastomer market report are: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.

The cast elastomers market consists of sales of polyether, polyesters, TDI-based, and MDI-based.Values in this market are 'factory gate' values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

Product Code: r9434

1. Executive Summary

2. Cast Elastomer Market Characteristics

3. Cast Elastomer Market Trends And Strategies

4. Cast Elastomer Market - Macro Economic Scenario

4.1. Impact Of High Inflation On The Market
4.2. Ukraine-Russia War Impact On The Market
4.3. COVID-19 Impact On The Market

5. Global Cast Elastomer Market Size and Growth

5.1. Global Cast Elastomer Market Drivers and Restraints
- 5.1.1. Drivers Of The Market
- 5.1.2. Restraints Of The Market
5.2. Global Cast Elastomer Historic Market Size and Growth, 2018 - 2023, Value ($ Billion)
5.3. Global Cast Elastomer Forecast Market Size and Growth, 2023 - 2028, 2033F, Value ($ Billion)

6. Cast Elastomer Market Segmentation

6.1. Global Cast Elastomer Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
Hot Cast Elastomer
Cold Cast Elastomer
6.2. Global Cast Elastomer Market, Segmentation By Distribution, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
Online
Offline
6.3. Global Cast Elastomer Market, Segmentation By End-Use Industry, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
Mining
Automotive And Transportation
Industrial
Oil And Gas
Other End-Users

7. Cast Elastomer Market Regional And Country Analysis

7.1. Global Cast Elastomer Market, Split By Region, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
7.2. Global Cast Elastomer Market, Split By Country, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

8. Asia-Pacific Cast Elastomer Market

8.1. Asia-Pacific Cast Elastomer Market Overview
Region Information, Impact Of COVID-19, Market Information, Background Information, Government Initiatives, Regulations, Regulatory Bodies, Major Associations, Taxes Levied, Corporate Tax Structure, Investments, Major Companies
8.2. Asia-Pacific Cast Elastomer Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
8.3. Asia-Pacific Cast Elastomer Market, Segmentation By Distribution, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
8.4. Asia-Pacific Cast Elastomer Market, Segmentation By End-Use Industry, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

9. China Cast Elastomer Market

9.1. China Cast Elastomer Market Overview
9.2. China Cast Elastomer Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F,$ Billion
9.3. China Cast Elastomer Market, Segmentation By Distribution, Historic and Forecast, 2018-2023, 2023-2028F, 2033F,$ Billion
9.4. China Cast Elastomer Market, Segmentation By End-Use Industry, Historic and Forecast, 2018-2023, 2023-2028F, 2033F,$ Billion

10. India Cast Elastomer Market

10.1. India Cast Elastomer Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
10.2. India Cast Elastomer Market, Segmentation By Distribution, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
10.3. India Cast Elastomer Market, Segmentation By End-Use Industry, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

11. Japan Cast Elastomer Market

11.1. Japan Cast Elastomer Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
11.2. Japan Cast Elastomer Market, Segmentation By Distribution, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
11.3. Japan Cast Elastomer Market, Segmentation By End-Use Industry, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

12. Australia Cast Elastomer Market

12.1. Australia Cast Elastomer Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
12.2. Australia Cast Elastomer Market, Segmentation By Distribution, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
12.3. Australia Cast Elastomer Market, Segmentation By End-Use Industry, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

13. Indonesia Cast Elastomer Market

13.1. Indonesia Cast Elastomer Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
13.2. Indonesia Cast Elastomer Market, Segmentation By Distribution, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
13.3. Indonesia Cast Elastomer Market, Segmentation By End-Use Industry, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

14. South Korea Cast Elastomer Market

14.1. South Korea Cast Elastomer Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
14.2. South Korea Cast Elastomer Market, Segmentation By Distribution, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
14.3. South Korea Cast Elastomer Market, Segmentation By End-Use Industry, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

15. Western Europe Cast Elastomer Market

15.1. Western Europe Cast Elastomer Market Overview
15.2. Western Europe Cast Elastomer Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
15.3. Western Europe Cast Elastomer Market, Segmentation By Distribution, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
15.4. Western Europe Cast Elastomer Market, Segmentation By End-Use Industry, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

16. UK Cast Elastomer Market

16.1. UK Cast Elastomer Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
16.2. UK Cast Elastomer Market, Segmentation By Distribution, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
16.3. UK Cast Elastomer Market, Segmentation By End-Use Industry, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

17. Germany Cast Elastomer Market

17.1. Germany Cast Elastomer Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
17.2. Germany Cast Elastomer Market, Segmentation By Distribution, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
17.3. Germany Cast Elastomer Market, Segmentation By End-Use Industry, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

18. France Cast Elastomer Market

18.5. France Cast Elastomer Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
18.6. France Cast Elastomer Market, Segmentation By Distribution, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
18.7. France Cast Elastomer Market, Segmentation By End-Use Industry, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

19. Italy Cast Elastomer Market

19.9. Italy Cast Elastomer Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
19.10. Italy Cast Elastomer Market, Segmentation By Distribution, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
19.11. Italy Cast Elastomer Market, Segmentation By End-Use Industry, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

20. Spain Cast Elastomer Market

20.13. Spain Cast Elastomer Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
20.14. Spain Cast Elastomer Market, Segmentation By Distribution, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
20.15. Spain Cast Elastomer Market, Segmentation By End-Use Industry, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

21. Eastern Europe Cast Elastomer Market

21.1. Eastern Europe Cast Elastomer Market Overview
21.2. Eastern Europe Cast Elastomer Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
21.3. Eastern Europe Cast Elastomer Market, Segmentation By Distribution, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
21.4. Eastern Europe Cast Elastomer Market, Segmentation By End-Use Industry, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

22. Russia Cast Elastomer Market

22.1. Russia Cast Elastomer Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
22.2. Russia Cast Elastomer Market, Segmentation By Distribution, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
22.3. Russia Cast Elastomer Market, Segmentation By End-Use Industry, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

23. North America Cast Elastomer Market

23.1. North America Cast Elastomer Market Overview
23.2. North America Cast Elastomer Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
23.3. North America Cast Elastomer Market, Segmentation By Distribution, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
23.4. North America Cast Elastomer Market, Segmentation By End-Use Industry, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

24. USA Cast Elastomer Market

24.1. USA Cast Elastomer Market Overview
24.2. USA Cast Elastomer Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
24.3. USA Cast Elastomer Market, Segmentation By Distribution, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
24.4. USA Cast Elastomer Market, Segmentation By End-Use Industry, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

25. Canada Cast Elastomer Market

25.1. Canada Cast Elastomer Market Overview
25.2. Canada Cast Elastomer Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
25.3. Canada Cast Elastomer Market, Segmentation By Distribution, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
25.4. Canada Cast Elastomer Market, Segmentation By End-Use Industry, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

26. South America Cast Elastomer Market

26.1. South America Cast Elastomer Market Overview
26.2. South America Cast Elastomer Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
26.3. South America Cast Elastomer Market, Segmentation By Distribution, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
26.4. South America Cast Elastomer Market, Segmentation By End-Use Industry, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

27. Brazil Cast Elastomer Market

27.1. Brazil Cast Elastomer Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
27.2. Brazil Cast Elastomer Market, Segmentation By Distribution, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
27.3. Brazil Cast Elastomer Market, Segmentation By End-Use Industry, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

28. Middle East Cast Elastomer Market

28.1. Middle East Cast Elastomer Market Overview
28.2. Middle East Cast Elastomer Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
28.3. Middle East Cast Elastomer Market, Segmentation By Distribution, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
28.4. Middle East Cast Elastomer Market, Segmentation By End-Use Industry, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

29. Africa Cast Elastomer Market

29.1. Africa Cast Elastomer Market Overview
29.2. Africa Cast Elastomer Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
29.3. Africa Cast Elastomer Market, Segmentation By Distribution, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
29.4. Africa Cast Elastomer Market, Segmentation By End-Use Industry, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

30. Cast Elastomer Market Competitive Landscape And Company Profiles

30.1. Cast Elastomer Market Competitive Landscape
30.2. Cast Elastomer Market Company Profiles
- 30.2.1. Argonics Inc.
  - 30.2.1.1. Overview
  - 30.2.1.2. Products and Services
  - 30.2.1.3. Strategy
  - 30.2.1.4. Financial Performance
- 30.2.2. BASF SE
  - 30.2.2.1. Overview
  - 30.2.2.2. Products and Services
  - 30.2.2.3. Strategy
  - 30.2.2.4. Financial Performance
- 30.2.3. Chemline Incorporation
  - 30.2.3.1. Overview
  - 30.2.3.2. Products and Services
  - 30.2.3.3. Strategy
  - 30.2.3.4. Financial Performance
- 30.2.4. Coim Group
  - 30.2.4.1. Overview
  - 30.2.4.2. Products and Services
  - 30.2.4.3. Strategy
  - 30.2.4.4. Financial Performance
- 30.2.5. Covestro AG
  - 30.2.5.1. Overview
  - 30.2.5.2. Products and Services
  - 30.2.5.3. Strategy
  - 30.2.5.4. Financial Performance

31. Global Cast Elastomer Market Competitive Benchmarking

32. Global Cast Elastomer Market Competitive Dashboard

33. Key Mergers And Acquisitions In The Cast Elastomer Market

34. Cast Elastomer Market Future Outlook and Potential Analysis

34.1 Cast Elastomer Market In 2028 - Countries Offering Most New Opportunities
34.2 Cast Elastomer Market In 2028 - Segments Offering Most New Opportunities
34.3 Cast Elastomer Market In 2028 - Growth Strategies
34.3.1 Market Trend Based Strategies
34.3.2 Competitor Strategies

35. Appendix

35.1. Abbreviations
35.2. Currencies
35.3. Historic And Forecast Inflation Rates
35.4. Research Inquiries
35.5. The Business Research Company
35.6. Copyright And Disclaimer