Cast Elastomers Market Size to Reach USD 1,842.2 Million by 2027 | Growing use of Cast Elastomers in the Mining Industry will be the Key Factor Driving the Industry Growth, States Emergen Research

Vancouver, British Columbia, Jan. 25, 2021 (GLOBE NEWSWIRE) — The global cast elastomers market size was USD 1,310.4 Million in 2019 and is projected to reach USD 1,842.2 Million by 2027, at a CAGR of 4.3% during the forecast period, according to a current analysis by Emergen Research. Cast elastomers are witnessing high demand, due to their growing use in the mining industry. Key applications of cast elastomers in the mining industry include agitators, pipe linings, pump impellers, classification screens, waterproofing, bumper pads, hydrocyclone, wear strips, crossover pads, chute liners, and scrapers for conveyor belts. For instance, bumper pads provide protection to products in service, minimize noise levels, and extend the machine lifespan.Components and parts produced by using cast elastomers are widely used in agricultural equipment, the oil & gas industry, and material handling. Besides, in the sports & recreation industry, cast elastomers are preferentially used in the production of roller skate wheels, bowling balls, bowling pin setting equipment, golf ball covers, scuba fins, and pitching machines.Claim Your FREE Sample Copy with Table of content@ was the second-largest market for cast elastomers in 2019, owing to growth of the manufacturing sector in the region, particularly increase in the production of automotive parts in the region.Key Highlights of ReportIn September 2019, Lanxess AG developed an innovative MDI-terminated polyester-based prepolymer, which is cured with 1, 4-butanediol to produce hot cast polyurethanes. These elastomers offer benefits such as low compression and high tear resistance.Cold cast elastomers provide ease of handling over hot cast elastomers. These materials are frequently used in potting and encapsulation applications.In the production of additives, cast elastomers are used in 3D-printed parts and tools, printing rollers, metal decorating rollers, cutter bars, and sheet metal coatersCast urethanes improve productivity by enabling efficient production processes, including design initiation, engineering, quality testing, and mass production. Furthermore, the minimal shrinkage rate of urethanes allows for production of components with utmost precision.The Asia Pacific region held the largest share of the global cast elastomers market in 2019, owing to rapid industrialization, urbanization, and growth of end-user industries in the region, especially in emerging markets such as China and India. Moreover, high investments in the exploration of oil and gas, increasing sales of automobiles, and rising level of disposable income of people in the region drive the market in Asia Pacific.Key market participants include Huntsman Corporation, BASF SE, Era Polymers, Lanxess AG, Wanhua Chemical Group, Covestro AG, Coim Group, DowDuPont, Mitsui Chemicals, and Chemline Inc.Check Our Prices@
Emergen Research has segmented the global cast elastomers market in terms of product type, distribution channel, application, and region:
Product Type Outlook (Revenue, USD Million; 2017–2027)Cold Cast ElastomersHot Cast ElastomersDistribution Channel Outlook (Revenue, USD Million; 2017–2027)OnlineOfflineApplication Outlook (Revenue, USD Million; 2017–2027)Automotive & TransportationOil & GasMiningAgricultureIndustrialSports & LeisureOthersClick to access the Report Study, Read key highlights of the Report and Look at Projected Trends: Outlook (Revenue, USD Million; 2017–2027)North AmericaU.S.CanadaMexicoEuropeGermanyU.K.FranceBENELUXRest of EuropeAsia PacificChinaJapanSouth KoreaRest of APACLatin AmericaBrazilRest of LATAMMiddle East & AfricaSaudi ArabiaUAERest of MEATake a Look at our Related Reports:Spherical graphite market size was valued at USD 2,435.8 Million in 2019 and is forecasted to reach USD 9,598.8 Million by 2027 at a CAGR of 18.6%. The spherical graphite market is observing a double-digit growth attributed to its increasing usage in lithium-ion battery production.Sodium dichromate market size was valued at USD 759.2 Million in 2019 and is forecasted to reach USD 1,242.4 Million by 2027 at a CAGR of 6.3%. The sodium dichromate market is observing high demand attributed to its increasing application in pigment, metal finishing, chromium compounds preparation, leather tanning, and wood preservative.Acoustic insulation market size was valued at USD 12.94 Billion in 2019 and is forecasted to reach USD 19.64 Billion by 2027 at a CAGR of 5.3%. The acoustic insulation market is observing high demand attributed to its increasing application in building & construction, automotive, aerospace, and manufacturing.About Emergen ResearchEmergen Research is a market research and consulting company that provides syndicated research reports, customized research reports, and consulting services. Our solutions purely focus on your purpose to locate, target, and analyze consumer behavior shifts across demographics, across industries, and help clients make smarter business decisions. We offer market intelligence studies ensuring relevant and fact-based research across multiple industries, including Healthcare, Touch Points, Chemicals, Types, and Energy. We consistently update our research offerings to ensure our clients are aware of the latest trends existent in the market. Emergen Research has a strong base of experienced analysts from varied areas of expertise. Our industry experience and ability to develop a concrete solution to any research problems provides our clients with the ability to secure an edge over their respective competitors.Contact Us:Eric LeeCorporate Sales SpecialistEmergen Research | Web: www.emergenresearch.comDirect Line: +1 (604) 757-9756E-mail: [email protected]Facebook | LinkedIn | Twitter | BlogsRead Full Press Release@

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