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The rise in demand for cast elastomers in various end-use industries are expected to drive innovation in cast elastomer manufacturing, thus driving the market during the forecast period.

The global cast elastomer market is expected to grow from $1.4 billion in 2022 to $1.5 billion in 2023 at a compound annual growth rate (CAGR) of 7.5%. The cast elastomer market size is expected to grow to $1.91 billion in 2027 at a CAGR of 6.2%.

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Global Cast Elastomer Market Segments Include:

• By Type: Hot Cast Elastomer, Cold Cast Elastomer
• By Distribution: Online, Offline
• By End-Use Industry: Mining, Automotive And Transportation, Industrial, Oil And Gas, Other End-Users
• By Geography: The market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa. Among these regions, North America is the largest region in the global cast elastomer market in 2021.

Major Market Players in the cast elastomer market include Argonics, BASF, Chemline Incorporation, Coim Group, Covestro, DuPont, Era Polymers Pty Ltd., Huntsman International LLC, Lanxess AG, Mitsui Chemicals Inc.

The increasing use of bio-based raw materials in cast elastomers is shaping the cast elastomer market. Companies in the cast elastomers sector are stepping up initiatives to develop bio-based products that will assist industry stakeholders in reducing their environmental impact and carbon footprint. For instance, in August 2020, Lanxess, a Germany-based specialty chemicals company, developed a new line of MDI polyether prepolymers called Adiprene Green which is made from renewables and bio-based raw materials. The products can be used to make highly durable polyurethane (PU) elastomers in place of conventional fossil-based polyether prepolymers. The overall goal of Adiprene Green’s development was to establish a line of bio-based prepolymers that would allow PU processors to generate products with a lower CO2 footprint.

The Cast Elastomer Global Market Report 2023  provides a cast elastomer market overview for the time series: historic years (2010 – 2021) and ten years forecast (2023 – 2032). The cast elastomer market forecast analyzes cast elastomer market size, cast elastomer market share, leading competitor market positions. The regions covered in the report include Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa and the countries include Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.

Cast elastomers refer to rubber-like polymers that stretch for further than other kinds of materials and, like springs, snap back into shape when the force is released. These are the all polymers that expand with force and then return to their original shape after removing the force applied. These are used in bearings, wear strips, bumpers, shock absorbers, and slide plates.

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