The global cast elastomers market to witness robust growth, owing to the rising superior advantages over conventional materials, according to a new report published by Transparency Market Research. Rise in demand for cast elastomers from end-use industries and increasing demand for these elastomers in emerging economies are the key factors driving the cast elastomers market.
Cast elastomers are materials that stretch and recover instantaneously on release. Cast elastomers are thermosetting, as are natural and synthetic rubbers. Cast elastomers are based on either polyethers and/or polyesters. These elastomers possess excellent physical properties including abrasion resistance and load bearing characteristics. They also possess other useful properties such as tensile strength and tear resistance. Properties of cast elastomers bridge the gap between rubber, and plastics. Cast elastomers are used in various applications in bumpers, shock absorbers, bushings, bearings, wear strips, slide plates, and machine parts.
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The report has segmented the cast elastomers market in terms of type into hot cast and cold cast. Hot cast is estimated to be the key segment of the cast elastomers market in the near future. Market share of the hot cast segment is significant due to the wide usage of these elastomers in automotive & transportation and industrial applications due to properties such as high abrasion resistance, high tensile strength, high load-bearing capacity, superior impact strength, and cost-effectiveness.
On the basis of end-use industry, the cast elastomers market is divided into automotive & transportation, industrial, mining, oil & gas, and others. Industrial segmented is estimated to be the major driver of the cast elastomers market. The market share of the segment is extremely high owing to the extensive use of cast elastomers in applications such as industrial wheels, rollers, and machinery. Hot cast elastomers are used in these applications such as industrial wheels, rollers, and machinery they offer tough abrasion resistance and high load-bearing capacity.
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