With robust growth in recent years, the cast elastomer market has shown steady growth. Increasing from $1.57 billion in 2024 to $1.67 billion in 2025, the market has experienced a compound annual growth rate (CAGR) of 6.7%. This notable growth can largely be attributed to a booming automotive industry, the growing demand for cast elastomers in industrial machinery components, its application in the oil and gas sector, the burgeoning footwear industry and the consumer electronics sector.
Meanwhile, projections show a strong market future. The cast elastomer market is expected to leap to $2.27 billion in 2029 at a CAGR of 7.9%. Factors contributing to this growth include, among others, an increasing focus on energy-efficiency, a growing emphasis on environmentally friendly and sustainable elastomeric materials, expanded use of cast elastomers in the aerospace sector, and continued investments in research and development.
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What Are the Key Drivers Behind the Cast Elastomer Market Growth?
The rise in demand for cast elastomers across various end-use industries is a significant driver of market growth. These elastomers find versatile applications including seals and gaskets, forklift wheels, conveyor belts, coupling elements and more. They are then employed across sectors such as heavy industry, construction, paper, and others. Businesses such as Pacific Urethanes, are developing unique applications for cast elastomers like UrePacSpraycast elastomers used broadly in utility vehicles, architectural mouldings, and truck bed linings.
What Are the Dominant Segments in the Cast Elastomer Market?
The Cast Elastomer Market is divided into the following segments:
1) By Type: Hot Cast Elastomer, Cold Cast Elastomer
2) By Distribution: Online, Offline
3) By End-Use Industry: Mining, Automotive And Transportation, Industrial, Oil And Gas, Other End-Users
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Which Players Are Dominating the Cast Elastomer Market Landscape?
Major players in the cast elastomer market include powerhouse companies such as Argonics Inc., BASF SE, Chemline Incorporation, Coim Group, Covestro AG, Du Pont De Nemours and Company, Era Polymers Pty Ltd., Huntsman International LLC, Lanxess AG, Mitsui Chemicals Inc., Notedome Limited, Synthesia Technology, Dow Chemical Company, Tosoh Corporation, Carlisle Polyurethane Systems, Wacker Chemie AG, Momentive Performance Materials Inc., Cast Urethane, Wanhua Chemical Group Co. Ltd., Polyurethane Products Corporation, Trelleborg AB, RTP Company, PolyOne Corporation, Hexpol AB, Permali Gloucester Limited, Rubberlite Inc., Sanchem Inc.
What Are the Fresh Trends in the Cast Elastomer Market?
New innovations, such as low compression sets to ensure minimal deformation under pressure, are emerging in the cast elastomer market. For instance, the US-based Inkbit has introduced TEPU 50A, a cutting-edge material for 3D printing with high UV stability, excellent chemical compatibility, and low compression set, ideal for manufacture of grommets, seals and soft grippers.
What’s the Regional Overview of the Cast Elastomer Market?
North America held the largest share of the cast elastomer market in 2024, but the upcoming years are set to witness the fastest growth in the Asia-Pacific region. The report covers regional aspects in North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa.
What Does the Cast Elastomer Market Report 2025 Offer?
The Cast Elastomer Market research report from The Business Research Company offers global market size, growth rate, regional shares, detailed segments, trends, opportunities, competitor analysis, and growing focus on energy-efficiency. Cast elastomers are rubber-like polymers known for their stretchability and the ability to snap back into shape when the applied force is released. They are used in bearings, wear strips, bumpers, shock absorbers, and slide plates.
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