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, 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.
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.
|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|
|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|
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.
1.1. Market Overview
1.2. COVID-19 Scenario
1.3. Market Definition
1.4. Market Segmentation
2. RESEARCH METHODOLOGY
2.1. Research Data
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
7. CAST POLYMER MARKET ANALYSIS, BY APPLICATION
8. CAST POLYMER MARKET ANALYSIS, BY GEOGRAPHY
8.2. North America
8.3. South America
8.4.3. United Kingdom
8.5. Middle East and Africa
8.5.1. Saudi Arabia
8.6. Asia Pacific
8.6.4. South Korea
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
US Marble and Granite
Kingkonree International China Surface Industrial Co., Ltd.
DuPont de Nemours, Inc.
American Bath Group
Stylam Industries Limited
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