Cast Elastomer Companies

The cast elastomers market size is projected to grow from USD 1.87 billion in 2025 to USD 2.38 billion by 2030, registering a CAGR of 5.0% during the forecast period. The demand for cast elastomers is largely driven by their mechanical properties, including abrasion resistance, toughness, and flexibility. These attributes make cast elastomeric materials particularly well-suited for various heavy-duty industrial applications. In many emerging economies, industrialization and infrastructure development are expected to boost the need for cast elastomeric components in sectors such as mining, oil & gas, and construction. Additionally, in the automotive and transportation industries, cast elastomers are frequently used in suspension components, wheels, and seals due to their resilience and load-bearing capacity. The increasing demand for lightweight, high-performance materials in consumer goods and electronics will further support market growth. Furthermore, advances in formulation technology are anticipated to create new opportunities for the development of cast elastomeric materials.

Cast Elastomer Companies

Notable companies in this sector include BASF (Germany), Dow (US), Huntsman International LLC (US), Covestro AG (Germany), Wanhua (China), LANXESS (Germany), Era Polymers Pty Ltd (Australia), Mitsui Chemicals, Inc. (Japan), Notedome (UK), and TOSOH CORPORATION (Japan). These companies play a crucial role in defining the cast elastomers market through continuous innovations and global growth strategies. Their contributions drive technological advancements, expand market reach, and establish industry standards, ultimately shaping the future of cast elastomers and their diverse applications. These companies engage in activities such as product launches, expansions, investments, collaborations, partnerships, and announcements to increase their market share and enhance their geographic presence.

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In March 2025, Huntsman collaborated with RÄDER-VOGEL to develop a new generation of anti-static wheels for industrial use. Leveraging its TECNOTHANE hot cast elastomer technology, Huntsman supported the creation of advanced PEVOTEC wheels designed for trolleys, carts, pulleys, and AGVs.

In August 2023, Covestro opened a new plant for polyurethane elastomer systems at its integrated site in Shanghai, China.

BASF, established in 1865, is a leading global chemical company headquartered in Ludwigshafen, Germany. The company operates in over 93 countries and has 234 production sites globally, spanning Europe, North America, South America, Asia Pacific, Africa, and the Middle East. BASF’s business portfolio comprises seven distinct segments: Chemicals, Industrial Solutions, Materials, Surface Technologies, Nutrition & Care, Agricultural Solutions, and Other. The Materials segment is divided into two subdivisions: Performance Materials and Monomers. Cast elastomers are produced under the Performance Materials division, which focuses on delivering innovative, customized solutions across engineering plastics, polyurethanes, and thermoplastic polyurethanes. This division emphasizes value creation through close collaboration with customers, particularly in advancing sustainable solutions tailored to meet evolving industry demands. BASF organizes its operations into five geographical regions: Europe, North America, Asia Pacific, South America, the Middle East, and Africa. In 2024, Europe represented 38% of the company’s total revenue, followed by North America at 27%, Asia Pacific at 25%, and South America, Africa, and the Middle East at 10%.

Dow, headquartered in Michigan, US, is a global leader in materials science, delivering a broad range of products and solutions to markets such as packaging, infrastructure, mobility, and consumer care. Dow operates through three primary segments: Performance Materials & Coatings, Industrial Intermediates & Infrastructure, and Packaging & Specialty Plastics. These segments cater to diverse industries with innovative products and technologies that meet evolving customer needs and support sustainability. The Performance Materials & Coatings segment focuses on materials that enhance product performance in applications like coatings, silicones, and personal care. The Industrial Intermediates & Infrastructure segment provides chemical and physical solutions that improve the performance and sustainability of infrastructure, transportation, and consumer goods. The Packaging & Specialty Plastics segment delivers a wide array of plastics and adhesives for packaging, health, and hygiene applications, emphasizing recyclability and environmental impact. Polyurethane cast elastomers, known for their resilience and versatility in applications such as wheels, rollers, seals, and gaskets, are provided through Dow’s Industrial Intermediates & Infrastructure segment. Dow’s global footprint spans over 160 countries, with manufacturing sites, research and development facilities, and commercial offices strategically located in North America, South America, Europe, the Middle East & Africa, and the Asia Pacific.

Huntsman Corporation is a global manufacturer and marketer of differentiated and specialty chemicals, serving a wide range of industries and applications. Founded in 1970 and headquartered in The Woodlands, Texas, Huntsman operates through three primary business segments: Polyurethanes, Performance Products, and Advanced Materials. The Polyurethanes segment is Huntsman’s largest, producing materials used in a range of products, including insulation, automotive components, footwear, adhesives, coatings, and elastomers. The company markets a diverse range of chemicals, including various elastomer products in the Polyurethanes segment. Its offerings in this segment are designed to meet diverse industry needs, providing high-performance materials for various applications. The company offers cast polyurethane elastomers through its Polyurethanes segment. Huntsman has a significant geographical presence, operating more than 60 manufacturing, R&D, and operational facilities in approximately 30 countries globally. This extensive network enables Huntsman to serve its diverse customer base across North America, Europe, Asia Pacific, South America, and the Middle East & Africa, ensuring local support and supply chain reliability.

Covestro AG is a leading global manufacturer of high-tech polymer materials, known for its innovative and sustainable solutions. Headquartered in Leverkusen, Germany, Covestro was established as a separate entity in 2015, following its spin-off from Bayer AG. The Performance Materials segment operates as an independent business unit focusing on the development, production, and supply of high-performance materials like polyurethanes and polycarbonates, along with base chemicals. This includes products such as diphenylmethane diisocyanate (MDI), toluene diisocyanate (TDI), long-chain polyols, and polycarbonate resins. On the other hand, the Solutions & Specialties segment encompasses Covestro’s specialized solutions business, comprising six entities: Engineering Plastics, Coatings & Adhesives, Tailored Urethanes, Thermoplastic Polyurethanes, Specialty Films, and Elastomers. Covestro has a significant global footprint, operating production sites, R&D facilities, and sales offices in over 30 countries. The company has major production facilities in Europe, Asia Pacific, and North America, ensuring robust supply chain capabilities and local support for its customers. Key locations include sites in Germany, China, the US, and Thailand. This widespread presence enables Covestro to serve a diverse and global customer base effectively, adapting to regional market needs and regulatory environments.

LANXESS, founded in 2004 and headquartered in Cologne, Germany, is a global leader in specialty chemicals and advanced materials. The company operates across several key business segments, including Consumer Protection, Performance Chemicals, Advanced Intermediates, Engineering Materials, and Specialty Additives. LANXESS is renowned for its high-performance products used in various industries, such as automotive, construction, electronics, and agriculture. Its product portfolio includes specialty chemicals, high-tech plastics, and innovative material solutions that enhance the performance and sustainability of its customers’ products. LANXESS has a significant global presence with operations spanning across Europe, North America, South America, Asia Pacific, the Middle East, and Africa. This extensive geographical footprint allows the company to effectively serve a diverse range of markets and clients worldwide. LANXESS employs approximately 15,000 people, reflecting its substantial scale and commitment to driving innovation and delivering high-quality solutions in the specialty chemicals sector.

Market Ranking

The cast elastomers market is fragmented, with the top five players accounting for approximately 23–25% of the total market share. BASF leads the market due to its extensive product portfolio, strong global presence, and significant R&D capabilities in polyurethane systems. Dow maintains a solid position through its innovations in specialty elastomer formulations and a broad network of industrial customers. Covestro stands out with its advanced materials expertise and tailored solutions for demanding end-use applications, particularly in the automotive and industrial sectors. Huntsman is a prominent competitor with its comprehensive MDI-based systems and strong presence in hot cast elastomer technologies. LANXESS benefits from deep technical expertise and its robust position in high-performance urethane prepolymers. The remaining 75–77% of the market is distributed among a wide range of regional and emerging players. These include niche formulators and local manufacturers who serve specific application areas such as mining, oil & gas, and consumer products.

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Cast Elastomers Market by Type (Hot Cast Elastomers and Cold Cast Elastomers), End-use Industry (Industrial, Automotive & Transportation, Oil & Gas, Mining) - Global Forecast to 2030