According to a market report by Lucintel, the future of the global cast elastomer market looks promising with opportunities in the industrial, automotive & transportation, oil & gas, and mining markets. The global cast elastomer market is expected to reach an estimated $1.8 billion by 2030 from $1.3 billion in 2024, at a CAGR of 5.1% from 2024 to 2030. The major drivers for this market are continuous progress in elastomer processing methods and the development of new material compositions, increasing production and sales of lightweight electric vehicles, as well as, growing demand for medical devices and government support.
A more than 150-page report to understand trends, opportunity and forecast in cast elastomer market to 2030 by type (hot cast elastomer and cold cast elastomer), end use (industrial, automotive & transportation, oil & gas, mining, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World).
Lucintel forecasts that hot cast elastomer will remain the larger segment over the forecast period due to remarkable mechanical attributes and adaptability of hot cast elastomers, as well as, exceptional performance qualities exhibited by hot cast elastomers, including outstanding tensile strength, tear resistance, and resistance to abrasion.
Download sample by clicking on cast elastomer market
APAC will remain the highest growing region over the forecast period due to rapid urbanization and industrialization with an increased investment towards smart & efficient technology and increased per capita income from India, China, and Japan.
Covestro, Huntsman, Dow, BASF, Tosoh, Mitsui Chemicals, Era Polymers are the major suppliers in the cast elastomer market.
This unique research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or write us at [email protected] To get access of more than 1000 reports at fraction of cost visit Lucintel's Analytics Dashboard.
About Lucintel
At Lucintel, we offer solutions for you growth through game changer ideas and robust market & unmet needs analysis. We are based in Dallas, TX and have been a trusted advisor for 1,000+ clients for over 20 years. We are quoted in several publications like the Wall Street Journal, ZACKS, and the Financial Times.
Contact:
Roy Almaguer
Lucintel
Dallas, Texas, USA
Email: [email protected]
Tel. +1-972-636-5056
Explore Our Latest Publications
Agricultural Shredder Market
Amphibious Landing Craft Market
Apparel Dry Wash Spray Market
Automatic Data Capture Market
Blank Apparel Market
Digital Badge Market