Prismane

Global Cast Elastomers Market Study 2016-2032

Cast Elastomers Market Size

The global Cast Elastomers market was valued at USD 1.6 billion in 2022. It is poised to reach USD 2.7 billion by 2032, registering a CAGR of 5.3%during 2023-2032. Cast elastomers, also known as castable elastomers or liquid elastomers, refer to a type of polymeric material that can be processed in liquid form and then cured to form flexible, rubber-like products. The casting process involves pouring the liquid elastomer into a mold, allowing it to solidify and take the desired shape. Cast elastomers are known for their flexibility, resilience, and durability, making them suitable for various applications such as seals, gaskets, rollers, and other components in industries like automotive, industrial machinery, and medical devices. The ability to customize their properties during the casting process adds to their versatility in meeting specific application requirements.

Global Cast Elastomers Demand, By Material, 2016-2032 (Kilo Tons)

Cast Elastomers Market, By Material, 2016-2032 (Kilo Tons)
Source: Secondary & Primary Research and Prismane Consulting estimates

Cast Elastomers Market Overview

The cast elastomers market is segmented by type into hot cast elastomer & cold elastomer. Hot cast elastomers are processed at elevated temperatures during the casting or molding process. They are known for their resilience & abrasion resistance. Industries such as automotive, mining, and heavy machinery use hot cast elastomers for components like seals, rollers, and bushings due to their superior performance under demanding conditions. Cold elastomers are processed without the need for elevated temperatures during curing. They find applications in healthcare and electronics sectors, where the absence of high temperatures during processing is essential.

By material, the cast elastomers market is segmented into Polyurethane, Silicone, Epoxy, Rubber, and Others. Polyurethane cast elastomers are used for their versatility, combining excellent flexibility, resilience, and abrasion resistance, and are widely utilized in manufacturing seals, gaskets, and industrial components. Silicone cast elastomers are known for their exceptional temperature resistance and biocompatibility, making them suitable for specialized applications such as medical devices, kitchenware, and electronics. Epoxy cast elastomers exhibit strong mechanical properties and adhesion, often finding applications in bonding and structural components, while rubber-based cast elastomers are chosen for their inherent elasticity and damping properties.

Global Cast Elastomers Demand, By End Use, 2016-2032 (Kilo Tons)

Cast Elastomers Demand By End Use
Source: Secondary & Primary Research and Prismane Consulting estimates
In terms of consumption by end-use, the cast elastomers market is bifurcated into Mining, Oil & Gas, Automotive, Industrial, and Others. The mining sector employs cast elastomers in applications such as conveyor belts, slurry pump components, and mineral processing equipment, while in oil & gas, they are extensively used in components like seals, gaskets, and pipeline pigging systems. Suspension components, bushings, and seals are some applications in the automotive industry using cast elastomers, while its industrial applications include machinery components and rollers.

Key Players in Cast Elastomers market

Key players operating in the cast elastomers market include Huntsman Corporation, Dow Chemical, LANXESS, Covestro, Wacker Chemie, Era Polymers, Tosoh Corporation, and Wanhua Chemical Group.

Global Cast Elastomers Demand, By Region, 2022 (Kilo Tons)

Cast Elastomers Demand By Region
Source: Secondary & Primary Research and Prismane Consulting estimates

Cast Elastomers Market Dynamics

Drivers

Increasing demand for high-performance materials across end-use industries is likely to propel the cast elastomers market over the forecast period. Cast elastomers, particularly those based on polyurethane, silicone, and other specialized formulations, offer a unique combination of flexibility, durability, and customization capabilities. As industries like automotive, mining, and oil and gas continue to seek materials that can withstand challenging operating conditions while providing superior performance, the versatility of cast elastomers positions them as a preferred choice. Their resilience and abrasion resistance is also likely to augment their adoption in diverse manufacturing and industrial settings.

Restraints

Volatility in raw material prices is a restraining factor for the growth of cast elastomers market. Many cast elastomers, especially those derived from petrochemical sources, are influenced by fluctuations in the prices of crude oil and other feedstocks. The dependency on these raw materials can pose challenges for manufacturers, impacting production costs and potentially limiting the cost competitiveness of cast elastomers compared to alternative materials.

Recent Developments in Cast Elastomers Market

In November 2022, Covestro announced that it began naphthalene diisocyanate (NDI) production for the synthesis of Vulkollan PU elastomer at its Map Ta Phut facility in Thailand. This is besides the investments the company made in Barcelona and Shanghai to produce raw materials for cast PU elastomers.

Scope of Report 


The Cast Elastomers report describes the global Cast Elastomers market, with focus on the country, applications and other end-use scenarios. The study provides

Market Data & Forecast (Short-term and Long-term)
•  Demand Analysis
•  Demand Composition, by Types, Material and End-Use
•  Sales & Revenue
•  Pricing Analysis
•  Market Dynamics

Country Summaries & Product Review
•  Demand Balance 
•  Cast Elastomers Market data in terms of volume and value for each end-use 
   at regional and country level
•  Cast Elastomers Market analysis for demand, at regional and country level
•  Historical, Current & Market Forecast
•  Macro-economic factors like GDP, Population and World Economic integration
•  Economic & Energy Outlook
•  Industry & Policy Developments 
•  End-use Industry / Applications Market 
•  Reasoning & Analysis
•  Insightful Commentary
•  Market Review
•  Comparative Analysis
•  Latest Trends and market developments
•  Key players
•  Strategic Issues and Recommendations
•  Business Opportunity Assessment

1.  Introduction
      •  Scope
      •  Market Coverage
          -  Type
          -  Material
          -  End-Use
          -  Regions
          -  Countries
      •  Years Considered
          -  Historical - 2016 – 2021
          -  Base - 2022
          -  Forecast Period - 2023 – 2032
      •  Research Methodology
          -  Approach
          -  Research Methodology
          -  Prismane Consulting Market Models
          -  Assumptions & Limitations
          -  Abbreviations & Definitions
          -  Conversion Factors
          -  Data Sources
2.  Market Synopsis 
      •  Market Evolution
      •  Demand Overview
      •  Industry Structure
      •  Strategic Issues
      •  End-use Trends
      •  Growth Forecast
3.  Economic & Energy Outlook
      •  GDP and Demographics
      •  Monetary & Fiscal Policies
      •  Crude Oil Production and prices
      •  Natural Gas
      •  Electricity Prices
4.  End-use Sector Performance
      • Automotive
      • Mining
      • Oil & Gas
      • Industrial
5.  Introduction to Cast Elastomers and Market Overview 
      •  Product Description
      •  Grades & Properties
      •  Raw Material
      •  Manufacturing Process
      •  Environmental Issues
      •  Value Chain
      •  Applications
6.  Market Dynamics and Industry Trends 
      •  Market Dynamics and COVID-19 Impact
          -  Drivers
          -  Restraints
          -  Opportunities
          -  Challenges
7.  Global Cast Elastomers Demand Analysis, By Type, By Material, By End-Use, (Volume, Value) (2016–2032)
      •  Strategic Issues and COVID-19 Impact
      •  Demand Analysis and Forecast (2016 – 2032)
          -  Demand
          -  Demand Growth Rate (%)
          -  Driving Force Analysis
      •  Global Cast Elastomers Market, By Type
          -  Hot
          -  Cold
      •  Global Cast Elastomers Market, By Material
          -  Polyurethane
          -  Silicone
          -  Epoxy
          -  Rubber
          -  Others
      •  Global Cast Elastomers Market, By End-Use
          - Mining
          - Oil & Gas
          - Automotive
          - Industrial
          - Others
8.  Demand Analysis and Market Review, By Region, By Country (Volume, Value), (2016– 2032)
      •  Strategic Issues and COVID-19 Impact
      •  Demand Analysis and Forecast (2016-2032)
      •  Demand Growth Rate (%)
      •  Cast Elastomers Market, By Type
      •  Cast Elastomers Market, By Material
      •  Cast Elastomers Market, By End-Use
Note: Demand Analysis has been provided for all major Regions / Countries as mentioned below. The demand(consumption) split by type, material, and end-use has been provided for each of the countries/regions in Volume (Kilotons) and Value (USD Million).
      •  North America
         -  USA
         -  Canada
         -  Mexico
      •  Western Europe
         -  Germany
         -  France
         -  Italy
         -  United Kingdom
         -  Spain
         -  Rest of Western Europe
      •  Central & Eastern Europe
         -  Russia
         -  Poland
         -  Turkey
         -  Rest of Central & Eastern Europe
      •  Asia-Pacific
         -  China
         -  Japan
         -  India
         -  South Korea
         -  ASEAN
         -  Rest of Asia-Pacific
      •  Central & South America
      •  Middle East & Africa
Note: CAGR will be calculated for all the type, material and end-use to arrive at the regional/global demand growth for the forecast period (2023– 2032)
9.  Pricing Analysis
      •  Average Cast Elastomers Prices, USD/Kg
      •  Average Cast Elastomers Prices, by Region
      •  Price Forecast
10.  Key Strategic Issues and Business Opportunity Assessment 
      •  Market Attractiveness Assessment
      •  Prospective & Target Market Study
11.  Strategic Recommendation & Suggestions
12.  Company Analysis and Market Share Analysis
      •  Cast Elastomers Manufacturers Profiles/ Company Analysis
         -  Basic Details
         -  Headquarter, Key Markets
         -  Ownership
         -  Company Financial
         -  Manufacturing Bases
         -  Global Turnover
         -  Total Employee
         -  Product Portfolio / Services / Solutions
         -  Recent Developments
         -  Companies Covered
             - Huntsman Corporation
             - Dow Chemical
             - LANXESS AG
             - Covestro
             - Wacker Chemie
             - Era Polymers
             - Tosoh Corporation
             - Wanhua Chemical Group
             - Other Manufacturers
Note: This section includes company information, company financials, manufacturing bases, and operating regions. Company financials have been mentioned only for those companies where financials were available in SEC Filings, annual reports, or company websites. All the reported financials in this report are in U.S. Dollars. Financials reported in other currencies have been converted using average currency conversion rates. Company profiles may include manufacturers, suppliers, and distributors.
13.  Appendices
      •  Demand- Regions
      •  Demand– Countries

Scope of Report 


The Cast Elastomers report describes the global Cast Elastomers market, with focus on the country, applications and other end-use scenarios. The study provides

Market Data & Forecast (Short-term and Long-term)
•  Demand Analysis
•  Demand Composition, by Types, Material and End-Use
•  Sales & Revenue
•  Pricing Analysis
•  Market Dynamics

Country Summaries & Product Review
•  Demand Balance 
•  Cast Elastomers Market data in terms of volume and value for each end-use 
   at regional and country level
•  Cast Elastomers Market analysis for demand, at regional and country level
•  Historical, Current & Market Forecast
•  Macro-economic factors like GDP, Population and World Economic integration
•  Economic & Energy Outlook
•  Industry & Policy Developments 
•  End-use Industry / Applications Market 
•  Reasoning & Analysis
•  Insightful Commentary
•  Market Review
•  Comparative Analysis
•  Latest Trends and market developments
•  Key players
•  Strategic Issues and Recommendations
•  Business Opportunity Assessment