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Cast Elastomers - Company Evaluation Report, 2025

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    Report

  • 114 Pages
  • August 2025
  • Region: Global
  • Markets and Markets
  • ID: 6168385
Description Jump to:
The Cast Elastomers Companies Quadrant is a comprehensive industry analysis that provides valuable insights into the global market for Cast Elastomers. This quadrant offers a detailed evaluation of key market players, technological advancements, product innovations, and emerging trends shaping the industry. The 360 Quadrants evaluated over 100 companies, of which the Top 10 Cast Elastomers Companies were categorized and recognized as quadrant leaders.

The cast elastomers market represents a dynamic and consistently expanding segment within the broader polyurethane and elastomer industry. This growth is fueled by the rising demand for high-performance, durable, and customizable materials across a wide range of end-use industries. Cast elastomers are created through a chemical reaction between polyols and isocyanates, resulting in materials known for their excellent abrasion resistance, mechanical strength, elasticity, and resistance to oils, solvents, and extreme environmental conditions. These characteristics make them well-suited for applications in sectors such as mining, oil & gas, automotive, industrial manufacturing, construction, and healthcare. The market is generally divided into hot and cold cast elastomers, with hot cast variants holding a larger market share due to their enhanced mechanical performance and extended service life.

Cast elastomers are polyurethane-based systems formed by reacting isocyanates, polyols, and chain extenders. These polymeric materials serve as a bridge between elastomers and plastics, offering the performance characteristics of engineering plastics, ceramics, and metals, along with the flexibility and resilience of traditional elastomers. While they are cost-effective, they cannot be melted and reshaped. Known for their durability, cast elastomers are commonly used in casting applications across end-use industries such as mining, oil & gas, industrial, automotive & transportation, agriculture & food processing, and sports.

The 360 Quadrant maps the Cast Elastomers companies based on criteria such as revenue, geographic presence, growth strategies, investments, and sales strategies for the market presence of the Cast Elastomers quadrant. The top criteria for product footprint evaluation included By TYPE (Hot Cast Elastomers, Cold Cast Elastomers), By RAW MATERIAL (Methylene Diphenyl Diisocyanate, Toluene Diisocyanate, Hexamethylene Diisocyanate, Other Raw Materials), By DISTRIBUTION CHANNEL (Direct Sales, Distributors/Wholesalers, Online Platforms), By APPLICATION (Wheels, Rollers, Screens, Seals & Gaskets, Belts & Chains, Scrapers, Pads, Couplings, Machine Components, Other Applications), and By END-USE INDUSTRY (Industrial, Automotive & Transportation, Mining, Oil & Gas, Other End-Use Industries).

Key players in the Cast Elastomers market include major global corporations and specialized innovators such as Dow, Mitsui Chemicals, Inc., TOSOH CORPORATION, Notedome, UBE Corporation, BASF, Huntsman International LLC, Covestro AG, Wanhua, and Era Polymers Pty Ltd. These companies are actively investing in research and development, forming strategic partnerships, and engaging in collaborative initiatives to drive innovation, expand their global footprint, and maintain a competitive edge in this rapidly evolving market.

Top 3 Companies

BASF

BASF leads the cast elastomers market with a strong emphasis on polyurethane systems. The company’s products, like Elastollan TPU, are extensively used in demanding applications across mining, oil & gas, and automotive sectors due to their durability and high abrasion resistance. BASF's global R&D resources drive its innovation in eco-efficient materials, aligning with the increasing demand for sustainable products. The company’s expansive reach, coupled with technological expertise, strengthens its position as a market leader.

Dow

Dow stands out in the market through its innovation in polyurethane technologies. The company is known for VORASTAR and HYPERLAST solutions, offering materials with high toughness and chemical resistance. These are favored across industrial and energy sectors. Dow’s global manufacturing capabilities support customized applications for its clients, and its focus on sustainable practices enhances its market appeal, particularly among eco-conscious industries.

Covestro AG

Covestro AG is a prominent player in the polyurethane sector, focusing on sustainable and innovative solutions. Its cast elastomers, part of the Solutions & Specialties segment, cater to a broad range of industries. The company is actively investing in sustainability and regional capacity expansion, reinforcing its competitive edge. Covestro’s commitment to product innovation and regional market penetration positions it strongly within the evolving market landscape.

Table of Contents

1 Introduction
1.1 Market Definition
1.2 Inclusions & Exclusions of Study
1.3 Stakeholders
2 Executive Summary
3 Market Overview
3.1 Introduction
3.2 Market Dynamics
3.2.1 Drivers
3.2.1.1 Increasing Demand from Automotive, Ev, and Industrial Sectors
3.2.1.2 Technological Innovations Enabling Precision and Sustainability
3.2.1.3 Customization Capabilities Driving Targeted Application Growth
3.2.2 Restraints
3.2.2.1 Health and Safety Concerns
3.2.2.2 Environmental Impact and Sustainability Regulations
3.2.3 Opportunities
3.2.3.1 Rise of Biocompatible Materials
3.2.3.2 Rapid Industrialization in Developing Economies
3.2.3.3 Irreplaceability of Cast Elastomers
3.2.4 Challenges
3.2.4.1 Precision and Expertise Required in Formulation and Processing of Cast Elastomers
3.3 Impact of Generative AI on Cast Elastomers Market
3.3.1 Introduction
3.3.2 Impact on Cast Elastomers Market
4 Industry Trends
4.1 Introduction
4.2 Trends/Disruptions Impacting Customer Business
4.3 Supply Chain Analysis
4.3.1 Raw Material Suppliers
4.3.2 Cast Elastomer Manufacturers
4.3.3 Distributors
4.3.4 Component Manufacturers
4.3.5 End-users
4.4 Ecosystem Analysis
4.5 Technology Analysis
4.5.1 Key Technologies
4.5.2 Complementary Technologies
4.5.3 Adjacent Technologies
4.6 Patent Analysis
4.6.1 Methodology
4.6.2 Granted Patents
4.6.2.1 Publication Trends for Last 10 Years
4.6.3 Insights
4.6.4 Legal Status
4.6.5 Jurisdiction Analysis
4.6.6 Top Applicants
4.7 Porter’S Five Forces Analysis
4.7.1 Bargaining Power of Suppliers
4.7.2 Threat of New Entrants
4.7.3 Threat of Substitutes
4.7.4 Bargaining Power of Buyers
4.7.5 Intensity of Competitive Rivalry
5 Competitive Landscape
5.1 Introduction
5.2 Key Player Strategies/Right to Win
5.3 Market Share Analysis
5.4 Revenue Analysis
5.5 Brand/Product Comparison
5.6 Company Evaluation Matrix: Key Players, 2024
5.6.1 Stars
5.6.2 Emerging Leaders
5.6.3 Pervasive Players
5.6.4 Participants
5.6.5 Company Footprint: Key Players, 2024
5.6.5.1 Company Footprint
5.6.5.2 Type Footprint
5.6.5.3 End-Use Industry Footprint
5.6.5.4 Raw Material Footprint
5.6.5.5 Region Footprint
5.7 Company Evaluation Matrix: Startups/Smes, 2024
5.7.1 Progressive Companies
5.7.2 Responsive Companies
5.7.3 Dynamic Companies
5.7.4 Starting Blocks
5.7.5 Competitive Benchmarking: Startups/Smes, 2024
5.7.5.1 Detailed List of Key Startups/Smes
5.7.5.2 Competitive Benchmarking of Key Startups/Smes
5.8 Company Valuation and Financial Metrics
5.9 Competitive Scenario
5.9.1 Deals
5.9.2 Expansions
5.9.3 Other Developments
6 Company Profiles
6.1 Key Players
6.1.1 Dow
6.1.1.1 Business Overview
6.1.1.2 Products Offered
6.1.1.3 Recent Developments
6.1.1.3.1 Expansions
6.1.1.4 Publisher View
6.1.1.4.1 Key Strengths
6.1.1.4.2 Strategic Choices
6.1.1.4.3 Weaknesses and Competitive Threats
6.1.2 Mitsui Chemicals, Inc.
6.1.2.1 Business Overview
6.1.2.2 Products Offered
6.1.2.3 Publisher View
6.1.2.3.1 Key Strengths
6.1.2.3.2 Strategic Choices
6.1.2.3.3 Weaknesses and Competitive Threats
6.1.3 Tosoh Corporation
6.1.3.1 Business Overview
6.1.3.2 Products Offered
6.1.3.3 Recent Developments
6.1.3.3.1 Expansions
6.1.3.4 Publisher View
6.1.3.4.1 Key Strengths
6.1.3.4.2 Strategic Choices
6.1.3.4.3 Weaknesses and Competitive Threats
6.1.4 Notedome
6.1.4.1 Business Overview
6.1.4.2 Products Offered
6.1.4.3 Publisher View
6.1.4.3.1 Key Strengths
6.1.4.3.2 Strategic Choices
6.1.4.3.3 Weaknesses and Competitive Threats
6.1.5 Ube Corporation
6.1.5.1 Business Overview
6.1.5.2 Products Offered
6.1.5.3 Recent Developments
6.1.5.3.1 Deals
6.1.5.4 Publisher View
6.1.5.4.1 Key Strengths
6.1.5.4.2 Strategic Choices
6.1.5.4.3 Weaknesses and Competitive Threats
6.1.6 Basf
6.1.6.1 Business Overview
6.1.6.2 Products Offered
6.1.6.3 Recent Developments
6.1.6.3.1 Expansions
6.1.6.3.2 Other Developments
6.1.6.4 Publisher View
6.1.6.4.1 Key Strengths
6.1.6.4.2 Strategic Choices
6.1.6.4.3 Weaknesses and Competitive Threats
6.1.7 Huntsman International LLC
6.1.7.1 Business Overview
6.1.7.2 Products Offered
6.1.7.3 Recent Developments
6.1.7.3.1 Deals
6.1.7.3.2 Other Developments
6.1.7.4 Publisher View
6.1.7.4.1 Key Strengths
6.1.7.4.2 Strategic Choices
6.1.7.4.3 Weaknesses and Competitive Threats
6.1.8 Covestro Ag
6.1.8.1 Business Overview
6.1.8.2 Products Offered
6.1.8.3 Recent Developments
6.1.8.3.1 Expansions
6.1.8.3.2 Other Developments
6.1.8.4 Publisher View
6.1.8.4.1 Key Strengths
6.1.8.4.2 Strategic Choices
6.1.8.4.3 Weaknesses and Competitive Threats
6.1.9 Wanhua
6.1.9.1 Business Overview
6.1.9.2 Products Offered
6.1.9.3 Recent Developments
6.1.9.3.1 Deals
6.1.9.3.2 Other Developments
6.1.9.4 Publisher View
6.1.9.4.1 Key Strengths
6.1.9.4.2 Strategic Choices
6.1.9.4.3 Weaknesses and Competitive Threats
6.1.10 Era Polymers Pty Ltd
6.1.10.1 Business Overview
6.1.10.2 Products Offered
6.1.10.3 Publisher View
6.1.10.3.1 Key Strengths
6.1.10.3.2 Strategic Choices
6.1.10.3.3 Weakness and Competitive Threats
6.2 Other Players
6.2.1 Alchimica S.A.
6.2.2 Carlisle Polyurethane Systems
6.2.3 Chemline, Inc.
6.2.4 Coim Group
6.2.5 Herikon B.V.
6.2.6 Jayantilal J. Gandhi Chemicals Pvt. Ltd.
6.2.7 Luc Group
6.2.8 Polycoat Products
6.2.9 Reckli
6.2.10 Sapici S.P.A.
6.2.11 Sika Advanced Resins
6.2.12 Synthesia Technology Group
6.2.13 Taiwan Pu Corporation
6.2.14 Tse Industries
6.2.15 Vcm Polyurethanes
7 Appendix
7.1 Research Methodology
7.1.1 Research Data
7.1.1.1 Secondary Data
7.1.1.2 Primary Data
7.1.2 Risk Assessment
7.2 Company Evaluation Matrix: Methodology
7.3 Author Details
List of Tables
Table 1 Role of Companies in Cast Elastomers Ecosystem
Table 2 Cast Elastomers Market: Key Technologies
Table 3 Cast Elastomers Market: Complementary Technologies
Table 4 Cast Elastomers Market: Adjacent Technologies
Table 5 Total Number of Patents, 2015-2024
Table 6 Major Patent Owners for Cast Elastomers, 2024
Table 7 Cast Elastomers Market: List of Major Patents, 2015-2024
Table 8 Cast Elastomers Market: Porter’S Five Forces Analysis
Table 9 Cast Elastomers Market: Overview of Strategies Adopted By Key Players, January 2021-May 2025
Table 10 Cast Elastomers Market: Degree of Competition, 2024
Table 11 Cast Elastomers Market: Type Footprint
Table 12 Cast Elastomers Market: End-Use Industry Footprint
Table 13 Cast Elastomers Market: Raw Material Footprint
Table 14 Cast Elastomers Market: Region Footprint
Table 15 Cast Elastomers Market: List of Key Startups/Smes
Table 16 Cast Elastomers Market: Competitive Benchmarking Of Key Startups/Smes
Table 17 Cast Elastomers Market: Deals, January 2021-May 2025
Table 18 Cast Elastomers Market: Expansions, January 2021-May 2025
Table 19 Cast Elastomers Market: Other Developments, January 2021-May 2025
Table 20 Dow: Company Overview
Table 21 Dow: Products Offered
Table 22 Dow: Expansions, January 2021-May 2025
Table 23 Mitsui Chemicals, Inc.: Company Overview
Table 24 Mitsui Chemicals, Inc.: Products Offered
Table 25 Tosoh Corporation: Company Overview
Table 26 Tosoh Corporation: Products Offered
Table 27 Tosoh Corporation: Expansions, January 2021-May 2025
Table 28 Notedome: Company Overview
Table 29 Notedome: Products Offered
Table 30 Ube Corporation: Company Overview
Table 31 Ube Corporation: Products Offered
Table 32 Ube Corporation: Deals, January 2021-May 2025
Table 33 Basf: Company Overview
Table 34 Basf: Products Offered
Table 35 Basf: Expansions, January 2021-May 2025
Table 36 Basf: Other Developments, January 2021-May 2025
Table 37 Huntsman International LLC: Company Overview
Table 38 Huntsman International LLC: Products Offered
Table 39 Huntsman International LLC: Deals, January 2021-May 2025
Table 40 Huntsman International LLC: Other Developments, January 2021-May 2025
Table 41 Covestro Ag: Company Overview
Table 42 Covestro Ag: Products Offered
Table 43 Covestro Ag: Expansions, January 2021-May 2025
Table 44 Covestro Ag: Other Developments, January 2021-May 2025
Table 45 Wanhua: Company Overview
Table 46 Wanhua: Products Offered
Table 47 Wanhua: Deals, January 2021-May 2025
Table 48 Wanhua: Other Developments, January 2021-May 2025
Table 49 Era Polymers Pty Ltd: Company Overview
Table 50 Era Polymers Pty Ltd: Products Offered
Table 51 Alchimica S.A.: Company Overview
Table 52 Carlisle Polyurethane Systems: Company Overview
Table 53 Chemline, Inc.: Company Overview
Table 54 Coim Group: Company Overview
Table 55 Herikon B.V.: Company Overview
Table 56 Jayantilal J. Gandhi Chemicals Pvt. Ltd.: Company Overview
Table 57 Luc Group: Company Overview
Table 58 Polycoat Products: Company Overview
Table 59 Reckli: Company Overview
Table 60 Sapici S.P.A.: Company Overview
Table 61 Sika Advanced Resins: Company Overview
Table 62 Synthesia Technology Group: Company Overview
Table 63 Taiwan Pu Corporation: Company Overview
Table 64 Tse Industries: Company Overview
Table 65 Vcm Polyurethanes: Company Overview
List of Figures
Figure 1 Hot Cast Elastomers Segment to Register Higher Growth Between 2025 and 2030
Figure 2 Industrial Segment to Dominate Market in 2025
Figure 3 Direct Sales Segment to Register High Growth Between 2025 and 2030
Figure 4 Methylene Diphenyl Diisocyanate Segment to Lead Market in 2025
Figure 5 Seals & Gaskets Segment to Register Highest Growth Between 2025 and 2030
Figure 6 Asia-Pacific Accounted for Largest Market Share in 2024
Figure 7 Cast Elastomers Market: Drivers, Restraints, Opportunities, and Challenges
Figure 8 Use of Generative AI in Cast Elastomers Market
Figure 9 Trends/Disruptions Impacting Customer Business
Figure 10 Cast Elastomers Market: Supply Chain Analysis
Figure 11 Cast Elastomers Market: Ecosystem Analysis
Figure 12 Patents Granted from 2015 to 2024
Figure 13 Legal Status of Patents, 2015-2024
Figure 14 Regional Analysis of Cast Elastomer-Related Patents Granted, 2024
Figure 15 Top 10 Patent Applicants in Last Ten Years, 2015-2024
Figure 16 Cast Elastomers Market: Porter’S Five Forces Analysis
Figure 17 Cast Elastomers Market Share Analysis, 2024
Figure 18 Cast Elastomers Market: Revenue Analysis of Key Players, 2020-2024 (USD Billion)
Figure 19 Cast Elastomers Market: Brand/Product Comparative Analysis
Figure 20 Cast Elastomers Market: Company Evaluation Matrix (Key Players), 2024
Figure 21 Cast Elastomers Market: Company Footprint
Figure 22 Cast Elastomers Market: Company Evaluation Matrix (Startups/Smes), 2024
Figure 23 Cast Elastomers Market: Ev/Ebitda of Key Vendors, 2025
Figure 24 Cast Elastomers Market: Year-To-Date (YTD) Price Total Return, 2025
Figure 25 Dow: Company Snapshot
Figure 26 Mitsui Chemicals, Inc.: Company Snapshot
Figure 27 Tosoh Corporation: Company Snapshot
Figure 28 Notedome: Company Snapshot
Figure 29 Ube Corporation: Company Snapshot
Figure 30 Basf: Company Snapshot
Figure 31 Huntsman International LLC: Company Snapshot
Figure 32 Covestro Ag: Company Snapshot
Figure 33 Wanhua: Company Snapshot
Figure 34 Cast Elastomers Market: Research Design

Companies Mentioned

  • Dow
  • Mitsui Chemicals, Inc.
  • Tosoh Corporation
  • Notedome
  • Ube Corporation
  • Basf
  • Huntsman International LLC
  • Covestro Ag
  • Wanhua
  • Era Polymers Pty Ltd
  • Alchimica S.A.
  • Carlisle Polyurethane Systems
  • Chemline, Inc.
  • Coim Group
  • Herikon B.V.
  • Jayantilal J. Gandhi Chemicals Pvt. Ltd.
  • Luc Group
  • Polycoat Products
  • Reckli
  • Sapici S.P.A.
  • Sika Advanced Resins
  • Synthesia Technology Group
  • Taiwan Pu Corporation
  • Tse Industries
  • Vcm Polyurethanes

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