SAN FRANCISCO, U.S., June 07, 2023 (GLOBE NEWSWIRE) -- Zion Market Research has published a new research report titled “Global Cast Polymers Market” in its research database.
“According to the latest research study, the demand of global Cast Polymers Market size was worth at USD 10,392.4 million in 2021 and it is expected to surpass around USD 14,329.4 million mark by 2028, growing at a compound annual growth rate (CAGR) of approximately 5.5% during the forecast period 2022 to 2028.”
Report Overview:
Cast polymer products are synthetically created, chemically composed, and packed with minerals from a polymeric material cast and strengthened into hard material in various shapes to satisfy varied design requirements. The "quarried stone" utilized in the production process, which is necessary to achieve the qualities of cast polymers, is responsible for the vast range of applications for which cast polymers are used. Cast polymer is far more durable than porcelain and stronger and less brittle than quarried marble. Cast polymers are resistant to stains and mildew and are simple to clean with nonabrasive cleaning products.
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Cast polymer goods are lightweight and durable despite being produced in a single seamless piece. Bathtubs, window sills, floor tiles, molding accents, countertops, shower receptors, fireplace surrounds, whirlpool baths, vanities, enclosure sets, wall panels, and restrooms are a few examples of these applications. With their excellent mechanical qualities, cast polymers are now favored.
Global Cast Polymers Market Dynamics:
The main driver of the global cast polymers market's expansion is the expansion of cast polymers' use in both residential and non-residential regions. Additionally, the fastest-growing consumption in China & India and the revival of the residential and commercial construction sectors in North America & Europe are the main factors driving this expansion. Ample market prospects have developed for industry companies with established global strategies due to the development of global supply chains and international competition.
Bathroom fixtures and other home utilities are the only extensive uses of cast polymers in the residential sector. Cast polymers are increasingly used in remodeling and construction projects since they can be found in various colors, forms, textures, and types for affordable prices. This has helped the worldwide cast polymers market expand. Demand from end-user industries surpasses supply in this market since there are so few competitors, which significantly limits its expansion.
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Report Scope:
| Report Attribute | Report Details |
| Market Size in 2021 | USD 10,392.4 Million |
| Market Forecast in 2028 | USD 14,329.4 Million |
| Growth Rate | CAGR of 5.5% |
| Base Year | 2021 |
| Forecast Years | 2022- 2028 |
| Key Companies Covered | Breton S.p.A., Cosentino S.A., Bradley Corporation, Caesarstone Ltd., Oppein Home Group Inc., The R.J. Marshall Company, BLANCO, Huber Engineered Materials, AGCO, Inc., DuPont, Compac, and Kingkonree International Surface Industrial Co., Ltd. |
| Segments Covered | End User, Type, Material, and Region |
| Regions Covered | North America, Europe, Asia Pacific, Latin America, and the Middle East &, Africa |
| Customization Scope | Avail customized purchase options to meet your exact research needs. Request For Customization |
Cast Polymers Market: Segmentation Analysis/Overview
The global cast polymers market is segregated based on end user, type, material, and region. Based on End Users, the market is divided into non-residential and residential. In 2021, the non-residential segment dominated the market. Based on type, the market is divided into solid surface, engineered stone, and cultured marble. The engineered stone category dominated the market in 2021. Based on Material, the market is divided into alumina trihydrate, calcium carbonate, resins, natural stone/quartz, and others. In 2021, the calcium carbonate segment dominated the market.
The global Cast Polymers market is segmented as follows:
By End User
- Non-residential
- Residential
By Type
- Solid Surface
- Engineered Stone
- Cultured Marble
By Material
- Alumina Trihydrate
- Calcium Carbonate
- Resins
- Natural Stone/Quartz
- Others
Competitive Landscape:
Some of the main competitors dominating the global Cast Polymers market include -
- Breton S.p.A.
- Cosentino S.A.
- Bradley Corporation
- Caesarstone Ltd.
- Oppein Home Group Inc.
- The R.J. Marshall Company
- BLANCO
- Huber Engineered Materials
- AGCO, Inc.
- DuPont
- Compac
- Kingkonree International Surface Industrial Co. Ltd.
Key Insights from Primary Research:
- According to the analysis shared by our research analyst, the Cast Polymers market is likely to expand at a CAGR of around 5.5% during the forecast period (2022-2028).
- In terms of revenue, the Cast Polymers market size was valued at around US$ 10,392.4 million in 2021 and is projected to reach US$ 14,329.4 million by 2028.
- The growing expansion of the construction industry is the major factors driving the market's growth.
- By type, the engineered stone category dominated the market in 2021.
- By material, the calcium carbonate category dominated the market in 2021.
- On the basis of region, Asia Pacific dominated the global cast polymers market.
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Key questions answered in this report:
- What is the market size and growth rate forecast for Cast Polymers industry?
- What are the main driving factors propelling the Cast Polymers Market forward?
- What are the leading companies in the Cast Polymers Industry?
- What segments does the Cast Polymers Market cover?
- How can I receive a free copy of the Cast Polymers Market sample report and company profiles?
Key Offerings:
- Market Size & Forecast by Revenue | 2022−2028
- Market Dynamics – Leading Trends, Growth Drivers, Restraints, and Investment Opportunities
- Market Segmentation – A detailed analysis by End User, Type, Material, and Region
- Competitive Landscape – Top Key Vendors and Other Prominent Vendors
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Regional Analysis:
The global cast polymers market is divided into geographic regions: North America, Latin America, Europe, Asia Pacific, Middle East, and Africa. The Asia-Pacific region is currently leading the market due to the rising industrialization of nations like China, India, and Japan. The market is driven by the region's biggest number of commercial and residential buildings and tremendous growth in the manufacturing sector. The Asian market is anticipated to expand due to existing firms investing heavily in R&D and rising disposable incomes in Asia, particularly in China and Japan. China's enormous market will consistently experience the highest share of overall gains. Cast polymer is expected to be used extensively in construction projects, and there has been a significant increase in construction activity worldwide. Furthermore, the expansion of the Asian market is attributable to the presence of robust markets in Asian nations, advancements in cast polymers, and low-cost manufacturing nations that can produce cast polymer products.
By Region
- North America
- U.S.
- Canada
- Rest of North America
- Europe
- France
- UK
- Spain
- Germany
- Italy
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- South Korea
- Rest of Asia Pacific
- The Middle East & Africa
- Saudi Arabia
- South Africa
- Rest of the Middle East & Africa
- Latin America
- Brazil
- Argentina
- Rest of Latin America
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