Cast Elastomer Market Analysis

Cast Elastomer Market Analysis

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Based on type, the cast elastomer market is segmented as cold and hot. Fresh sources held a majority market value of USD 0.8 billion in 2022. Hot cast elastomers offer excellent mechanical properties, including high tensile strength, tear resistance, and impact resistance. This durability makes them suitable for applications where materials need to withstand challenging conditions. The hot casting process allows for the production of intricate and complex shapes with high precision.  
 

Based on application, the cast elastomer market is segmented as polyurethane (PU), epoxy, silicone, rubber, others. Polyurathene held a dominant market share of around 40% in 2022. Polyurethane elastomers are favored in applications requiring high durability and resistance to wear, such as industrial seals, wheels, and gaskets. Their resistance to oils, solvents, and chemicals makes polyurethane elastomers suitable for automotive, mining, and oil and gas applications.
 

Based on application the cast elastomer market is segmented as industrial components and machinery, automotive parts, mining equipment components, oil and gas equipment, seals and gaskets, rollers and wheels, belts and conveyors, others. Industrial Components and Machinery segment is anticipated to grow at 4.9% CAGR by 2032. Cast elastomers find use in industrial components subjected to wear and abrasion, such as conveyor belts, rollers, and seals.
 

U.S. dominated the North American region with majority cast elastomer market share and a revenue of USD 0.3 billion in 2022. North America has a significant automotive industry, driving demand for cast elastomers used in automotive components such as gaskets, seals, vibration dampers, and suspension systems.