This Cast Elastomer market report covers market characteristics, size & growth, segmentation, regional & country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market’s historic and forecast market growth by geography.
The cast elastomer market size has grown strongly in recent years. It will grow from $1.57 billion in 2024 to $1.67 billion in 2025 at a compound annual growth rate (CAGR) of 6.7%. The growth in the historic period can be attributed to automotive industry growth, increasing demand for cast elastomers in industrial machinery components, utilization of cast elastomers in oil and gas applications, increasing footwear industry, and increasing customer electronics.
The cast elastomer market size is expected to see strong growth in the next few years. It will grow to $2.27 billion in 2029 at a compound annual growth rate (CAGR) of 7.9%. The growth in the forecast period can be attributed to increasing focus on energy-efficiency,The growing emphasis on environmentally friendly and sustainable elastomeric materials, expanded use of cast elastomers inThe aerospace sector, investments in research and development, and continued growth inThe renewable energy sector. Major trends in the forecast period include customization and tailoring, automated manufacturing, advanced r&d and innovation, technological innovations, 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.
Major companies in the cast elastomer market are concentrating on developing innovations, such as low compression sets, which ensure minimal deformation under pressure. Low compression set refers to a material's capacity to resist permanent deformation when subjected to prolonged compression. For example, in November 2023, Inkbit, a US-based 3D printing technology firm, introduced TEPU 50A, an advanced material designed specifically for 3D printing. This new elastomer features a Shore 50A durometer hardness, excellent UV stability, chemical compatibility, and a low compression set. It is well-suited for creating intricate, elastic components such as grommets, seals, and soft grippers. The material offers precise detailing, outperforming traditional rubber and silicone alternatives. The cutting-edge technology guarantees high-quality, consistent 3D printing for demanding industrial applications.
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 January 2023, Mearthane Products Corporation, a US-based manufacturer specializing in custom-formulated polyurethane products, acquired Precision Elastomers, Inc. for an undisclosed sum. This acquisition is intended to enhance its capabilities in the production of high-performance elastomer products. It solidifies Mearthane's position in the custom polyurethane market, boosts its material science expertise, and expands its offerings across various industries. Precision Elastomers, Inc. is a US-based manufacturer of custom-molded products.
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, Trelleborg AB, RTP Company, PolyOne Corporation, Hexpol AB, Permali Gloucester Limited, Rubberlite Inc., Sanchem Inc.
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 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.
North America was the largest region in the cast elastomer market in 2024. 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.
This product will be delivered within 3-5 business days.
The cast elastomer market size has grown strongly in recent years. It will grow from $1.57 billion in 2024 to $1.67 billion in 2025 at a compound annual growth rate (CAGR) of 6.7%. The growth in the historic period can be attributed to automotive industry growth, increasing demand for cast elastomers in industrial machinery components, utilization of cast elastomers in oil and gas applications, increasing footwear industry, and increasing customer electronics.
The cast elastomer market size is expected to see strong growth in the next few years. It will grow to $2.27 billion in 2029 at a compound annual growth rate (CAGR) of 7.9%. The growth in the forecast period can be attributed to increasing focus on energy-efficiency,The growing emphasis on environmentally friendly and sustainable elastomeric materials, expanded use of cast elastomers inThe aerospace sector, investments in research and development, and continued growth inThe renewable energy sector. Major trends in the forecast period include customization and tailoring, automated manufacturing, advanced r&d and innovation, technological innovations, 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.
Major companies in the cast elastomer market are concentrating on developing innovations, such as low compression sets, which ensure minimal deformation under pressure. Low compression set refers to a material's capacity to resist permanent deformation when subjected to prolonged compression. For example, in November 2023, Inkbit, a US-based 3D printing technology firm, introduced TEPU 50A, an advanced material designed specifically for 3D printing. This new elastomer features a Shore 50A durometer hardness, excellent UV stability, chemical compatibility, and a low compression set. It is well-suited for creating intricate, elastic components such as grommets, seals, and soft grippers. The material offers precise detailing, outperforming traditional rubber and silicone alternatives. The cutting-edge technology guarantees high-quality, consistent 3D printing for demanding industrial applications.
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 January 2023, Mearthane Products Corporation, a US-based manufacturer specializing in custom-formulated polyurethane products, acquired Precision Elastomers, Inc. for an undisclosed sum. This acquisition is intended to enhance its capabilities in the production of high-performance elastomer products. It solidifies Mearthane's position in the custom polyurethane market, boosts its material science expertise, and expands its offerings across various industries. Precision Elastomers, Inc. is a US-based manufacturer of custom-molded products.
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, Trelleborg AB, RTP Company, PolyOne Corporation, Hexpol AB, Permali Gloucester Limited, Rubberlite Inc., Sanchem Inc.
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 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.
North America was the largest region in the cast elastomer market in 2024. 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.
This product will be delivered within 3-5 business days.
Table of Contents
1. Executive Summary2. Cast Elastomer Market Characteristics3. Cast Elastomer Market Trends and Strategies4. Cast Elastomer Market - Macro Economic Scenario Including the Impact of Interest Rates, Inflation, Geopolitics and Covid and Recovery on the Market32. Global Cast Elastomer Market Competitive Benchmarking and Dashboard33. Key Mergers and Acquisitions in the Cast Elastomer Market34. Recent Developments in the Cast Elastomer Market
5. Global Cast Elastomer Growth Analysis and Strategic Analysis Framework
6. Cast Elastomer Market Segmentation
7. Cast Elastomer Market Regional and Country Analysis
8. Asia-Pacific Cast Elastomer Market
9. China Cast Elastomer Market
10. India Cast Elastomer Market
11. Japan Cast Elastomer Market
12. Australia Cast Elastomer Market
13. Indonesia Cast Elastomer Market
14. South Korea Cast Elastomer Market
15. Western Europe Cast Elastomer Market
16. UK Cast Elastomer Market
17. Germany Cast Elastomer Market
18. France Cast Elastomer Market
19. Italy Cast Elastomer Market
20. Spain Cast Elastomer Market
21. Eastern Europe Cast Elastomer Market
22. Russia Cast Elastomer Market
23. North America Cast Elastomer Market
24. USA Cast Elastomer Market
25. Canada Cast Elastomer Market
26. South America Cast Elastomer Market
27. Brazil Cast Elastomer Market
28. Middle East Cast Elastomer Market
29. Africa Cast Elastomer Market
30. Cast Elastomer Market Competitive Landscape and Company Profiles
31. Cast Elastomer Market Other Major and Innovative Companies
35. Cast Elastomer Market High Potential Countries, Segments and Strategies
36. Appendix
Executive Summary
Cast Elastomer Global Market Report 2025 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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Description
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 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.
- The market characteristics section of the report defines and explains the market.
- The market size section gives the market size ($b) covering both the historic growth of the market, and forecasting its development.
- The forecasts are made after considering the major factors currently impacting the market. These include:
- The forecasts are made after considering the major factors currently impacting the market. These include the Russia-Ukraine war, rising inflation, higher interest rates, and the legacy of the COVID-19 pandemic.
- Market segmentations break down the market into sub markets.
- The regional and country breakdowns section gives an analysis of the market in each geography and the size of the market by geography and compares their historic and forecast growth. It covers the growth trajectory of COVID-19 for all regions, key developed countries and major emerging markets.
- The competitive landscape chapter gives a description of the competitive nature of the market, market shares, and a description of the leading companies. Key financial deals which have shaped the market in recent years are identified.
- The trends and strategies section analyses the shape of the market as it emerges from the crisis and suggests how companies can grow as the market recovers.
Scope
Markets Covered:
1) By Type: Hot Cast Elastomer; Cold Cast Elastomer2) By Distribution: Online; Offline
3) By End-Use Industry: Mining; Automotive And Transportation; Industrial; Oil And Gas; Other End-Users
Subsegments:
1) By Hot Cast Elastomer: Polyurethane Hot Cast Elastomers; Silicone Hot Cast Elastomers2) By Cold Cast Elastomer: Polyurethane Cold Cast Elastomers; Silicone Cold Cast Elastomers
Key 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 Segmentation: 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.
Companies Mentioned
The major companies featured in this Cast Elastomer market report 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
- Trelleborg AB
- RTP Company
- PolyOne Corporation
- Hexpol AB
- Permali Gloucester Limited
- Rubberlite Inc.
- Sanchem Inc.
Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 200 |
| Published | January 2025 |
| Forecast Period | 2025 - 2029 |
| Estimated Market Value ( USD | $ 1.67 Billion |
| Forecasted Market Value ( USD | $ 2.27 Billion |
| Compound Annual Growth Rate | 7.9% |
| Regions Covered | Global |
| No. of Companies Mentioned | 28 |
