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Cast Elastomer Market Trends

Report ID: GMI4089
Published Date: Jan 2024
Report Format: PDF

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Cast Elastomer Market Trends

Cast elastomers were finding growing use in the medical and healthcare sectors due to their biocompatibility, durability, and versatility. They were being employed in medical devices, prosthetics, orthotics, and wearable health technology. Manufacturers were offering customizable solutions to cater to specific customer needs. Customized formulations and variations in hardness, colors, and properties were being developed to meet diverse application requirements.

Authors: Avinash Singh, Sunita Singh

Frequently Asked Questions (FAQ) :

Global market value for cast elastomer was worth around USD 1.4 billion in 2023 and is estimated to reach USD 2.2 billion by 2032.

Industrial Components and Machinery segment is expected to observe around 4.9% CAGR from 2023 to 2032 as cast elastomers are widely used in industrial components subjected to wear and abrasion.

U.S. market size was around USD 0.3 billion in 2022 and is anticipated to expand at a significant pace from 2023-2032 owing to the booming automotive industry that is driving demand for cast elastomers for the vehicle components.

Huntsman Corporation, Dow Inc., LANXESS AG, Wacker Chemie AG, Momentive Performance Materials Inc., Tosoh Corporation, Chemline Inc., Cast Urethane, Prepolymer (C.U.P.), American Urethane, Inc., Rubber Industries Inc., PSI Urethanes, Gallagher Corporation, Accella Polyurethane Systems, Specialty Products, Inc., Innovative Polymers, Inc. among others.