Cast Elastomer Market worth $1.8 billion by 2028 - Exclusive Report by MarketsandMarkets™

CHICAGO, July 25, 2023 /PRNewswire/ -- The report "Cast Elastomer Market by Type (Hot Cast Elastomer, Cold Cast elastomer), End-use industry (Oil & Gas, Industrial, Automotive & Transportation, Mining), & Region (Asia Pacific, Europe, North America, MEA, South America) - Global Forecast to 2028", is projected to reach USD 1.8 billion by 2028, at a CAGR of 5.0% from USD 1.4 billion in 2023. The cast elastomer market is mainly driven by the increasing manufacturing activities in emerging economies like India and China coupled with superior advantages of cast elastomers over conventional materials and the growing use in various high value end industries.

Browse in-depth TOC on "Cast Elastomer Market"

118 – Tables
36 – Figures
145 – Pages

Download PDF Brochure: https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=265916696

"Hot cast elastomer by type is projected to grow at fastest CAGR, in terms of value, during the forecast period."

Hot cast elastomers exhibit outstanding physical properties, including high tear resistance, tensile strength, and elongation. These qualities make them suitable for demanding applications that necessitate durability, flexibility, and resistance to wear and tear. Hot cast elastomers can be easily and efficiently processed. They can be molded into complex shapes, enabling the creation of intricate parts and components with precise dimensions. The hot casting process also allows to produce large parts, reducing the need for assembly or joining multiple pieces. Hot cast elastomers possess excellent damping properties, allowing them to absorb and dissipate energy, thereby reducing vibrations and noise.

This makes them suitable for applications where noise and vibration control are important, such as automotive suspension systems, industrial machinery, and equipment mounts. Hot cast elastomers perform well over a broad temperature range, enabling their effective operation in both high and low temperature environments. This adaptability makes them suitable for applications prone to temperature fluctuations. These factors are driving its demand in the cast elastomer market.

Request Sample Pages: https://www.marketsandmarkets.com/requestsampleNew.asp?id=265916696

"Asia Pacific is expected to be the fastest growing market for cast elastomers during the forecast period, in terms of value."

The Asia-Pacific region offers a conducive manufacturing environment characterized by factors such as lower labor costs, availability of raw materials, and supportive government policies. These factors incentivize manufacturers to establish production facilities in the region, thereby driving the demand for cast elastomers. The Asia-Pacific region has experienced significant growth in the automotive industry. Cast elastomers are utilized in various automotive applications, including suspension components, bushings, seals, gaskets, and engine mounts. The escalating demand for automobiles in the region stimulates the demand for cast elastomers. The region has become a prominent manufacturing hub for industries such as automotive, electronics, and consumer goods. Cast elastomers find extensive applications in these sectors for components, seals, gaskets, and other products. The expansion of the manufacturing sector propels the demand for cast elastomers in the Asia-Pacific region.

The key players in this market are BASF (Germany), Dow (US), Huntsman Corporation (US), Covestro AG (Germany), Lanxess (Germany), Era Polymers (Australia), Mitsui Chemicals, Inc. (Japan), Notedome Ltd. (England), TOSOH Corporation (Japan), Wanhua Chemical Group Co., Ltd. (China).

Browse Adjacent Market: Resins and Polymers Market Research & Consulting

Related Reports:

Industrial PU Elastomer Market- Global Forecast to 2026

Elastomers Market- Global Forecast to 2021

About MarketsandMarkets™ 

MarketsandMarkets™ is a blue ocean alternative in growth consulting and program management, leveraging a man-machine offering to drive supernormal growth for progressive organizations in the B2B space. We have the widest lens on emerging technologies, making us proficient in co-creating supernormal growth for clients.

The B2B economy is witnessing the emergence of $25 trillion of new revenue streams that are substituting existing revenue streams in this decade alone. We work with clients on growth programs, helping them monetize this $25 trillion opportunity through our service lines - TAM Expansion, Go-to-Market (GTM) Strategy to Execution, Market Share Gain, Account Enablement, and Thought Leadership Marketing.

Built on the 'GIVE Growth' principle, we work with several Forbes Global 2000 B2B companies - helping them stay relevant in a disruptive ecosystem. Our insights and strategies are molded by our industry experts, cutting-edge AI-powered Market Intelligence Cloud, and years of research. The KnowledgeStore™ (our Market Intelligence Cloud) integrates our research, facilitates an analysis of interconnections through a set of applications, helping clients look at the entire ecosystem and understand the revenue shifts happening in their industry.

To find out more, visit www.MarketsandMarkets™.com or follow us on Twitter, LinkedIn and Facebook.

Contact:
Mr. Aashish Mehra
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA: +1-888-600-6441
Email: sales@marketsandmarkets.com
Research Insights: https://www.marketsandmarkets.com/ResearchInsight/cast-elastomer-market.asp
Visit Our Website: https://www.marketsandmarkets.com/
Content Source: https://www.marketsandmarkets.com/PressReleases/cast-elastomer.asp

Logo: https://mma.prnewswire.com/media/660509/MarketsandMarkets_Logo.jpg