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
Table of Contents
1. Introduction
- 1.1. Report Description
- 1.1.1. Objectives of the Study
- 1.1.2. Market Scope
- 1.1.3. Assumptions
- 1.2. Stakeholders
2. Executive Summary
3. Research Methodology
- 3.1. Overview
- 3.2. Data Sources
- 3.2.1. Primary Sources
- 3.2.2. Secondary Sources
4. Global Cast Elastomer Market Insights
- 4.1. Cast Elastomer Market - Industry Vertical Snapshot
- 4.2. Cast Elastomer Market Dynamics
- 4.2.1. Drivers and Opportunities
- 4.2.1.1. Rising awareness about the benefits associated with cast elastomers is driving its application in various disciplines
- 4.2.1.2. Increasing applications of cast elastomer in a wide range of products
- 4.2.2. Restraints and Challenges
- 4.2.2.1. Higher initial costs
- 4.3. Porter's Five Forces Analysis
- 4.3.1. Bargaining Power of Suppliers (Moderate)
- 4.3.2. Threats of New Entrants: (Low)
- 4.3.3. Bargaining Power of Buyers (Moderate)
- 4.3.4. Threat of Substitute (Moderate)
- 4.3.5. Rivalry among existing firms (High)
- 4.4. PESTEL Analysis
- 4.5. Cast Elastomer Market Industry Vertical Trends
- 4.6. Value Chain Analysis
- 4.7. COVID-19 Impact Analysis
5. Global Cast Elastomer Market, by Application
- 5.1. Key Findings
- 5.2. Introduction
- 5.2.1. Global Cast Elastomer Market, by Application, 2019-2032 (USD Million)
- 5.3. Separating Screens
- 5.3.1. Global Cast Elastomer Market, by Separating Screens, by Region, 2019-2032 (USD Million)
- 5.4. Pipe Linings
- 5.4.1. Global Cast Elastomer Market, by Pipe Linings, by Region, 2019-2032 (USD Million)
- 5.5. Conveyor Scrapers
- 5.5.1. Global Cast Elastomer Market, by Conveyor Scrapers, by Region, 2019-2032 (USD Million)
- 5.6. Idler Rolls
- 5.6.1. Global Cast Elastomer Market, by Idler Rolls, by Region, 2019-2032 (USD Million)
- 5.7. Others
- 5.7.1. Global Cast Elastomer Market, by Others, by Region, 2019-2032 (USD Million)
6. Global Cast Elastomer Market, by Technology
- 6.1. Key Findings
- 6.2. Introduction
- 6.2.1. Global Cast Elastomer Market, by Technology, 2019-2032 (USD Million)
- 6.3. Hot Cast Elastomer
- 6.3.1. Global Cast Elastomer Market, by Hot Cast Elastomer, by Region, 2019-2032 (USD Million)
- 6.4. Cold Cast Elastomer
- 6.4.1. Global Cast Elastomer Market, by Cold Cast Elastomer, by Region, 2019-2032 (USD Million)
7. Global Cast Elastomer Market, by Industry Vertical
- 7.1. Key Findings
- 7.2. Introduction
- 7.2.1. Global Cast Elastomer Market, by Industry Vertical, 2019-2032 (USD Million)
- 7.3. Chemical & Petrochemical
- 7.3.1. Global Cast Elastomer Market, by Chemical & Petrochemical, By Region, 2019-2032 (USD Million)
- 7.4. Oil & Gas
- 7.4.1. Global Cast Elastomer Market, by Oil & Gas, By Region, 2019-2032 (USD Million)
- 7.5. Energy & Power
- 7.5.1. Global Cast Elastomer Market, by Energy & Power, By Region, 2019-2032 (USD Million)
- 7.6. Automotive
- 7.6.1. Global Cast Elastomer Market, by Automotive, By Region, 2019-2032 (USD Million)
- 7.7. Food & Beverage
- 7.7.1. Global Cast Elastomer Market, by Food & Beverage, By Region, 2019-2032 (USD Million)
- 7.8. Healthcare
- 7.8.1. Global Cast Elastomer Market, by Healthcare, By Region, 2019-2032 (USD Million)
- 7.9. Others
- 7.9.1. Global Cast Elastomer Market, by Others, By Region, 2019-2032 (USD Million)
8. Global Cast Elastomer Market, by Geography
- 8.1. Key findings
- 8.2. Introduction
- 8.2.1. Cast Elastomer Market Assessment, By Geography, 2019-2032 (USD Million)
- 8.3. Cast Elastomer Market - North America
- 8.3.1. North America: Cast Elastomer Market, by Application, 2019-2032 (USD Million)
- 8.3.2. North America: Cast Elastomer Market, by Industry Vertical, 2019-2032 (USD Million)
- 8.3.3. North America: Cast Elastomer Market, by Technology, 2019-2032 (USD Million)
- 8.3.4. Cast Elastomer Market - U.S.
- 8.3.4.1. U.S.: Cast Elastomer Market, by Application, 2019-2032 (USD Million)
- 8.3.4.2. U.S.: Cast Elastomer Market, by Industry Vertical, 2019-2032 (USD Million)
- 8.3.4.3. U.S.: Cast Elastomer Market, by Technology, 2019-2032 (USD Million)
- 8.3.5. Cast Elastomer Market - Canada
- 8.3.5.1. Canada: Cast Elastomer Market, by Application, 2019-2032 (USD Million)
- 8.3.5.2. Canada.: Cast Elastomer Market, by Industry Vertical, 2019-2032 (USD Million)
- 8.3.5.3. Canada: Cast Elastomer Market, by Technology, 2019-2032 (USD Million)
- 8.4. Cast Elastomer Market - Europe
- 8.4.1. Europe: Cast Elastomer Market, by Application, 2019-2032 (USD Million)
- 8.4.2. Europe.: Cast Elastomer Market, by Industry Vertical, 2019-2032 (USD Million)
- 8.4.3. Europe: Cast Elastomer Market, by Technology, 2019-2032 (USD Million)
- 8.4.4. Cast Elastomer Market - UK
- 8.4.4.1. UK: Cast Elastomer Market, by Application, 2019-2032 (USD Million)
- 8.4.4.2. UK.: Cast Elastomer Market, by Industry Vertical, 2019-2032 (USD Million)
- 8.4.4.3. UK: Cast Elastomer Market, by Technology, 2019-2032 (USD Million)
- 8.4.5. Cast Elastomer Market - France
- 8.4.5.1. France: Cast Elastomer Market, by Application, 2019-2032 (USD Million)
- 8.4.5.2. France.: Cast Elastomer Market, by Industry Vertical, 2019-2032 (USD Million)
- 8.4.5.3. France: Cast Elastomer Market, by Technology, 2019-2032 (USD Million)
- 8.4.6. Cast Elastomer Market - Germany
- 8.4.6.1. Germany: Cast Elastomer Market, by Application, 2019-2032 (USD Million)
- 8.4.6.2. Germany.: Cast Elastomer Market, by Industry Vertical, 2019-2032 (USD Million)
- 8.4.6.3. Germany: Cast Elastomer Market, by Technology, 2019-2032 (USD Million)
- 8.4.7. Cast Elastomer Market - Italy
- 8.4.7.1. Italy: Cast Elastomer Market, by Application, 2019-2032 (USD Million)
- 8.4.7.2. Italy.: Cast Elastomer Market, by Industry Vertical, 2019-2032 (USD Million)
- 8.4.7.3. Italy: Cast Elastomer Market, by Technology, 2019-2032 (USD Million)
- 8.4.8. Cast Elastomer Market - Spain
- 8.4.8.1. Spain: Cast Elastomer Market, by Application, 2019-2032 (USD Million)
- 8.4.8.2. Spain.: Cast Elastomer Market, by Industry Vertical, 2019-2032 (USD Million)
- 8.4.8.3. Spain: Cast Elastomer Market, by Technology, 2019-2032 (USD Million)
- 8.4.9. Cast Elastomer Market - Netherlands
- 8.4.9.1. Netherlands: Cast Elastomer Market, by Application, 2019-2032 (USD Million)
- 8.4.9.2. Netherlands.: Cast Elastomer Market, by Industry Vertical, 2019-2032 (USD Million)
- 8.4.9.3. Netherlands: Cast Elastomer Market, by Technology, 2019-2032 (USD Million)
- 8.4.10. Cast Elastomer Market - Russia
- 8.4.10.1. Russia: Cast Elastomer Market, by Application, 2019-2032 (USD Million)
- 8.4.10.2. Russia.: Cast Elastomer Market, by Industry Vertical, 2019-2032 (USD Million)
- 8.4.10.3. Russia: Cast Elastomer Market, by Technology, 2019-2032 (USD Million)
- 8.5. Cast Elastomer Market - Asia Pacific
- 8.5.1. Asia Pacific: Cast Elastomer Market, by Application, 2019-2032 (USD Million)
- 8.5.2. Asia Pacific.: Cast Elastomer Market, by Industry Vertical, 2019-2032 (USD Million)
- 8.5.3. Asia Pacific: Cast Elastomer Market, by Technology, 2019-2032 (USD Million)
- 8.5.4. Cast Elastomer Market - China
- 8.5.4.1. China: Cast Elastomer Market, by Application, 2019-2032 (USD Million)
- 8.5.4.2. China.: Cast Elastomer Market, by Industry Vertical, 2019-2032 (USD Million)
- 8.5.4.3. China: Cast Elastomer Market, by Technology, 2019-2032 (USD Million)
- 8.5.5. Cast Elastomer Market - India
- 8.5.5.1. India: Cast Elastomer Market, by Application, 2019-2032 (USD Million)
- 8.5.5.2. India.: Cast Elastomer Market, by Industry Vertical, 2019-2032 (USD Million)
- 8.5.5.3. India: Cast Elastomer Market, by Technology, 2019-2032 (USD Million)
- 8.5.6. Cast Elastomer Market - Malaysia
- 8.5.6.1. Malaysia: Cast Elastomer Market, by Application, 2019-2032 (USD Million)
- 8.5.6.2. Malaysia.: Cast Elastomer Market, by Industry Vertical, 2019-2032 (USD Million)
- 8.5.6.3. Malaysia: Cast Elastomer Market, by Technology, 2019-2032 (USD Million)
- 8.5.7. Cast Elastomer Market - Japan
- 8.5.7.1. Japan: Cast Elastomer Market, by Application, 2019-2032 (USD Million)
- 8.5.7.2. Japan.: Cast Elastomer Market, by Industry Vertical, 2019-2032 (USD Million)
- 8.5.7.3. Japan: Cast Elastomer Market, by Technology, 2019-2032 (USD Million)
- 8.5.8. Cast Elastomer Market - Indonesia
- 8.5.8.1. Indonesia: Cast Elastomer Market, by Application, 2019-2032 (USD Million)
- 8.5.8.2. Indonesia.: Cast Elastomer Market, by Industry Vertical, 2019-2032 (USD Million)
- 8.5.8.3. Indonesia: Cast Elastomer Market, by Technology, 2019-2032 (USD Million)
- 8.5.9. Cast Elastomer Market - South Korea
- 8.5.9.1. South Korea: Cast Elastomer Market, by Application, 2019-2032 (USD Million)
- 8.5.9.2. South Korea.: Cast Elastomer Market, by Industry Vertical, 2019-2032 (USD Million)
- 8.5.9.3. South Korea: Cast Elastomer Market, by Technology, 2019-2032 (USD Million)
- 8.6. Cast Elastomer Market - Middle East & Africa
- 8.6.1. Middle East & Africa: Cast Elastomer Market, by Application, 2019-2032 (USD Million)
- 8.6.2. Middle East & Africa.: Cast Elastomer Market, by Industry Vertical, 2019-2032 (USD Million)
- 8.6.3. Middle East & Africa: Cast Elastomer Market, by Technology, 2019-2032 (USD Million)
- 8.6.4. Cast Elastomer Market - Saudi Arabia
- 8.6.4.1. Saudi Arabia: Cast Elastomer Market, by Application, 2019-2032 (USD Million)
- 8.6.4.2. Saudi Arabia.: Cast Elastomer Market, by Industry Vertical, 2019-2032 (USD Million)
- 8.6.4.3. Saudi Arabia: Cast Elastomer Market, by Technology, 2019-2032 (USD Million)
- 8.6.5. Cast Elastomer Market - UAE
- 8.6.5.1. UAE: Cast Elastomer Market, by Application, 2019-2032 (USD Million)
- 8.6.5.2. UAE.: Cast Elastomer Market, by Industry Vertical, 2019-2032 (USD Million)
- 8.6.5.3. UAE: Cast Elastomer Market, by Technology, 2019-2032 (USD Million)
- 8.6.6. Cast Elastomer Market - Israel
- 8.6.6.1. Israel: Cast Elastomer Market, by Application, 2019-2032 (USD Million)
- 8.6.6.2. Israel.: Cast Elastomer Market, by Industry Vertical, 2019-2032 (USD Million)
- 8.6.6.3. Israel: Cast Elastomer Market, by Technology, 2019-2032 (USD Million)
- 8.6.7. Cast Elastomer Market - South Africa
- 8.6.7.1. South Africa: Cast Elastomer Market, by Application, 2019-2032 (USD Million)
- 8.6.7.2. South Africa.: Cast Elastomer Market, by Industry Vertical, 2019-2032 (USD Million)
- 8.6.7.3. South Africa: Cast Elastomer Market, by Technology, 2019-2032 (USD Million)
- 8.7. Cast Elastomer Market - Latin America
- 8.7.1. Latin America: Cast Elastomer Market, by Application, 2019-2032 (USD Million)
- 8.7.2. Latin America.: Cast Elastomer Market, by Industry Vertical, 2019-2032 (USD Million)
- 8.7.3. Latin America: Cast Elastomer Market, by Technology, 2019-2032 (USD Million)
- 8.7.4. Cast Elastomer Market - Mexico
- 8.7.4.1. Mexico: Cast Elastomer Market, by Application, 2019-2032 (USD Million)
- 8.7.4.2. Mexico.: Cast Elastomer Market, by Industry Vertical, 2019-2032 (USD Million)
- 8.7.4.3. Mexico: Cast Elastomer Market, by Technology, 2019-2032 (USD Million)
- 8.7.5. Cast Elastomer Market - Brazil
- 8.7.5.1. Brazil: Cast Elastomer Market, by Application, 2019-2032 (USD Million)
- 8.7.5.2. Brazil.: Cast Elastomer Market, by Industry Vertical, 2019-2032 (USD Million)
- 8.7.5.3. Brazil: Cast Elastomer Market, by Technology, 2019-2032 (USD Million)
- 8.7.6. Cast Elastomer Market - Argentina
- 8.7.6.1. Argentina: Cast Elastomer Market, by Application, 2019-2032 (USD Million)
- 8.7.6.2. Argentina.: Cast Elastomer Market, by Industry Vertical, 2019-2032 (USD Million)
- 8.7.6.3. Argentina: Cast Elastomer Market, by Technology, 2019-2032 (USD Million)
9. Competitive Landscape
- 9.1. Expansion and Acquisition Analysis
- 9.1.1. Expansion
- 9.1.2. Acquisitions
- 9.2. Partnerships/Collaborations/Agreements/Exhibitions
10. Company Profiles
- 10.1. Accella Polyurethane Systems
- 10.1.1. Company Overview
- 10.1.2. Financial Performance
- 10.1.3. Product Benchmarking
- 10.1.4. Recent Development
- 10.2. BASF
- 10.2.1. Company Overview
- 10.2.2. Financial Performance
- 10.2.3. Product Benchmarking
- 10.2.4. Recent Development
- 10.3. Coim Group
- 10.3.1. Company Overview
- 10.3.2. Financial Performance
- 10.3.3. Product Benchmarking
- 10.3.4. Recent Development
- 10.4. Covestro
- 10.4.1. Company Overview
- 10.4.2. Financial Performance
- 10.4.3. Product Benchmarking
- 10.4.4. Recent Development
- 10.5. Era Polymers
- 10.5.1. Company Overview
- 10.5.2. Financial Performance
- 10.5.3. Product Benchmarking
- 10.5.4. Recent Development
- 10.6. Everchem Specialty Chemicals
- 10.6.1. Company Overview
- 10.6.2. Financial Performance
- 10.6.3. Product Benchmarking
- 10.6.4. Recent Development
- 10.7. Huntsman Corporation
- 10.7.1. Company Overview
- 10.7.2. Financial Performance
- 10.7.3. Product Benchmarking
- 10.7.4. Recent Development
- 10.8. Synthesia International
- 10.8.1. Company Overview
- 10.8.2. Financial Performance
- 10.8.3. Product Benchmarking
- 10.8.4. Recent Development
- 10.9. Taiwan Pu Corporation
- 10.9.1. Company Overview
- 10.9.2. Financial Performance
- 10.9.3. Product Benchmarking
- 10.9.4. Recent Development
- 10.10. Tosoh Corporation
- 10.10.1. Company Overview
- 10.10.2. Financial Performance
- 10.10.3. Product Benchmarking
- 10.10.4. Recent Development
- 10.11. VCM Polyurethane
- 10.11.1. Company Overview
- 10.11.2. Financial Performance
- 10.11.3. Product Benchmarking
- 10.11.4. Recent Development
- 10.12. Wanhua Chemical Group
- 10.12.1. Company Overview
- 10.12.2. Financial Performance
- 10.12.3. Product Benchmarking
- 10.12.4. Recent Development