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Dublin, Feb. 22, 2022 (GLOBE NEWSWIRE) — The “Cast Elastomer Global Market Report 2022, By Type, Distribution, End-Use Industry” report has been added to ResearchAndMarkets.com’s offering.
The global cast elastomer market is expected to grow from $1.26 billion in 2021 to $1.37 billion in 2022 at a compound annual growth rate (CAGR) of 8.9%. The market is expected to reach 1.68 billion in 2026 at a CAGR of 5.2%.
North America was the largest region in the cast elastomer market in 2021. Asia Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in this report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
The increasing use of bio-based raw materials in cast elastomers is shaping the cast elastomer market. Companies in the cast elastomers sector are stepping up initiatives to develop bio-based products that will assist industry stakeholders in reducing their environmental impact and carbon footprint.
The rise in demand for cast elastomers in various end-use industries is expected to propel the growth of the cast elastomer market in the coming years. Cast elastomers are utilized in a variety of applications in the industrial sector, including seals and gaskets, forklift . ..
Full story available on Benzinga.com
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