Cast Polymer Market Size, Share, Opportunities, COVID 19 Impact, And Trends By Type (Gel-Coated Composites, Solid Surface, Engineered Stone), By Material (Gel Coat, Resin, Fillers, Catalyst/Initiator), By Application (Residential, Non-Residential), And By Geography - Forecasts From 2022 To 2027

Published:  Nov 2022 Report Code: KSI061610580 Pages: 126

The cast polymer market is anticipated to reach a market value of US$13.948 billion by 2027 from US$8.792 billion in 2020, at a CAGR of 6.81%.

Cast polymers come in a variety of kinds, including solid surface, engineered stone, and cultured marble, and are created using natural marble or granite, resins, or tints.  Cast polymers are used for flooring and other uses in a variety of residential and non-residential applications, giving them a classy and opulent appearance in addition to strength along with a wide range of colors, forms, textures, and types for affordable prices. Because of the global construction industry's upswing, which is fueling market expansion, the cast polymer market is anticipated to expand at a rapid rate.

The market's expansion is being hampered by the higher cost of items made from cast polymers and the danger of substitutes, both of which are significant market growth inhibitors.

The demand of Cast Polymers is rising due to the growth in the construction industry

The necessity to manufacture technologically sophisticated and superior-quality products is what drives the global market of cast polymers. Cast polymers' increased use in remodeling and construction projects owes in part their affordability and availability in a wide range of colors, sizes, and varieties. This has also helped the global market of cast polymers grow. The market is also being driven by the construction industry's strong expansion in both the residential and commercial sectors. . Low labor costs and low procurement prices in developing nations present a significant possibility for market expansion.

By Application

By application, the Cast Polymer market is segmented into Residential and Non-Residential segments. Cast polymers were predominantly used in the construction of public utilities including schools, hospitals, and transportation hubs that served the nonresidential sector.

By Geography

Geographically, the Cast Polymer market is segmented as North America, South America, Europe, the Middle East and Africa, and Asia Pacific. Due to the rapid expansion of both residential and non-residential buildings in developing nations like China and India, the Asia-Pacific region is anticipated to experience strong growth rates, which will further support the expansion of the cast polymer market in this region.

Key Developments:

  • Jan 2022: At its production facility in Circleville, Ohio, DuPont announced that the expansion project had been finished. With the $250 million investment, Kapton® polyimide film and Pyralux® flexible circuit materials production will be increased, ensuring a committed supply to meet the rising global demand in DuPont's target markets of the automotive, consumer electronics, telecom, specialized industrial, and defence. The sophisticated Kapton® polyimide films, which have set industry standards and offer great performance, dependability, and durability, are produced on the new manufacturing line in Circleville using DuPont's patented processing technology. With a special blend of electrical, thermal, chemical, and mechanical qualities, Kapton® polyimide films can tolerate high temperatures, jolting, and other harsh situations.
  • Sept 2021: With the launch of its new Caesarstone ConnectTM platform, a first-of-its-kind integrated online estimator and project management tool, Caesarstone, a leading developer and manufacturer of high-quality engineered quartz surfaces, has bolstered its support for retail partners. The platform instantly provides a detailed per-square-foot price quote that includes material, fabrication, and installation costs and seamlessly links projects to authorized Caesarstone fabricators. Any Caesarstone application, including countertops, backsplashes, bathroom vanities, and more, may be completed in a matter of minutes, and a thorough quote is given to the customer along with transparent pricing. Additionally, it gives merchants and designers the ability to give their clients on-the-spot, immediate pricing for custom countertops, thus increasing close rates.

Product Offerings:

  • Frequency Series 3-Station, FL-3L: Frequency has a no-drip edge and a wavelike design that reduces areas where water can pool. Concave bowls on the FL-3L accommodate people with disabilities as well as adults, children, and those who prefer an ergonomic hand-washing experience. The sink is available in a variety of colors and is seamlessly crafted from Terreon solid surface material for excellent durability and repairability. High-impact polymer is used to make the vandal-resistant trap lid. It caters to 1-3 users at once. The characteristics include patented molded one-piece with integral bowl, ADA-compliant lower concave unit, vandal-resistant Terreon or TerreonRE Solid Surface Material construction, numerous color options faucet with capacitive sensing as standard constructed of high impact polymer are trap covers, tankless water heaters and/or optional soap dispensers are both offered.
  • AR™ Fast Etch Organic Bottom Anti-Reflectant Coating: DuPont's organic bottom anti-reflectant coatings (BARCs) are cross-linkable polymers that are spin cast on wafers with the intention of reducing light reflection into the resist material above the wafer surface.ARTM Fast Etch Organic Bottom Anti-Reflectant Coating: The ARTM Fast Etch Organic BARCs from DuPont are based on polymers with chromophores to lower substrate reflectivity and oxygen-rich monomers to etch swiftly during the pattern transfer stage. The ability to quickly etch these products and remove them without significantly reducing the resist film thickness is essential for creating improved integrated circuits.

Cast Polymer Market Scope:

 

Report Metric Details
 Market Size Value in 2020  US$8.792 billion
 Market Size Value in 2027  US$13.948 billion
 Growth Rate  CAGR of 6.81% from 2020 to 2027
 Base Year  2020
 Forecast Period  2022–2027
 Forecast Unit (Value)  USD Billion
 Segments Covered  Type, Materials, Application, And Geography
 Regions Covered  North America, South America, Europe, Middle East and Africa, Asia Pacific
 Companies Covered Caesarstone Ltd., US Marble and Granite, Kingkonree International China Surface Industrial Co., Ltd., DuPont de Nemours, Inc., American Bath Group, Bradley Corporation, Eastern Surfaces, Stylam Industries Limited
 Customization Scope  Free report customization with purchase

 

Segmentation

  • By Type
    • Gel-Coated Composites
    • Solid Surface
    • Engineered Stone
  • By Materials
    • Gel Coat
    • Resin
    • Fillers
    • Catalyst/Initiator
  • By Application
    • Residential
    • Non-Residential
  • By Geography
    • North America
      • USA
      • Mexico
      • Canada
    • South America
      • Brazil
      • Argentina
      • Others
    • Europe
      • Germany
      • France
      • United Kingdom
      • Italy
      • Others
    • Middle East and Africa
      • Saudi Arabia
      • UAE
      • Israel
      • Others
    • Asia Pacific
      • India
      • China
      • Japan
      • South Korea
      • Taiwan
      • Thailand
      • Indonesia
      • Others

Frequently Asked Questions (FAQs)

Q1. What is the size of the cast polymer market?
A1. Cast Polymer Market was valued at US$8.792 billion in 2020.


Q2. What will be the cast polymer market size by 2027?
A2. The cast polymer market is anticipated to reach a total market size of US$13.948 billion by 2027.


Q3. What are the growth prospects for the cast polymer market?
A3. The global cast polymer market is anticipated to grow at a CAGR of 6.81% over the forecast period.


Q4. What factors are anticipated to drive the cast polymer market growth?
A4. The necessity to manufacture technologically sophisticated and superior-quality products is what drives the global cast polymer market.


Q5. Which region holds the largest share of the cast polymer market?
A5. The Asia-Pacific region is expected to witness a high growth rate due to the high growth in residential and non-residential constructions in developing economies such as India and China.


1. INTRODUCTION

1.1. Market Overview

1.2. COVID-19 Scenario

1.3. Market Definition

1.4. Market Segmentation

 

2. RESEARCH METHODOLOGY

2.1. Research Data

2.2. Assumptions

 

3. EXECUTIVE SUMMARY

3.1. Research Highlights

 

4. MARKET DYNAMICS

4.1. Market Drivers

4.2. Market Restraints

4.3. Porter’s Five Forces Analysis

4.3.1. Bargaining Power of Suppliers

4.3.2. Bargaining Power of Buyers

4.3.3. Threat of New Entrants

4.3.4. Threat of Substitutes

4.3.5. Competitive Rivalry in the Industry

4.4. Industry Value Chain Analysis

 

5. CAST POLYMER MARKET ANALYSIS, BY TYPE

5.1. Gel-Coated Composites

5.2. Solid Surface

5.3. Engineered Stone

 

6. CAST POLYMER MARKET ANALYSIS, BY MATERIALS

6.1. Gel-Coat

6.2. Resin

6.3. Fillers

6.4. Catalyst/Initiator

 

7. CAST POLYMER MARKET ANALYSIS, BY APPLICATION

7.1.  Residential

7.2. Non-Residential

 

8. CAST POLYMER MARKET ANALYSIS, BY GEOGRAPHY

8.1. Introduction

8.2. North America

8.2.1. USA

8.2.2. Canada

8.2.3. Mexico

8.3. South America

8.3.1. Brazil

8.3.2. Argentina

8.3.3. Others

8.4. Europe

8.4.1. Germany

8.4.2. France

8.4.3. United Kingdom

8.4.4. Italy

8.4.5. Others

8.5. Middle East and Africa

8.5.1. Saudi Arabia

8.5.2. UAE

8.5.3. Israel

8.5.4. Others

8.6. Asia Pacific

8.6.1. China

8.6.2. Japan

8.6.3. India

8.6.4. South Korea

8.6.5. Taiwan

8.6.6. Thailand

8.6.7. Indonesia

8.6.8. Others

 

9. COMPETITIVE INTELLIGENCE

9.1. Major Players and Strategy Analysis

9.2. Emerging Players and Market Lucrativeness

9.3. Mergers, Acquisitions, Agreements, and Collaborations

9.4. Vendor Competitiveness Matrix

 

10. COMPANY PROFILES

10.1. Caesarstone Ltd.

10.2. US Marble and Granite

10.3. Kingkonree International China Surface Industrial Co., Ltd.

10.4. DuPont de Nemours, Inc.

10.5. American Bath Group

10.6. Bradley Corporation

10.7. Eastern Surfaces

10.8. Stylam Industries Limited

Caesarstone Ltd.

US Marble and Granite

Kingkonree International China Surface Industrial Co., Ltd.

DuPont de Nemours, Inc.

American Bath Group

Bradley Corporation

Eastern Surfaces

Stylam Industries Limited

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