Cast Polymers - Global Market Outlook (2018-2027)
According to Stratistics MRC, the Global Cast Polymers Market is accounted for $8.96 billion in 2018 and is expected to reach $17.18 billion by 2027 growing at a CAGR of 7.5%. Growth of the construction & remodelling industry and high demand for technically-advanced and superior-quality products are likely to boost the growth of the Cast Polymers market. However, high price of raw materials is likely to hamper the profit boundaries.
Cast polymer is a product of the process of enhancing the physical properties of materials by employing techniques of strengthening. In addition, cast polymers undergo a molding process to improve their strengthening capabilities. They are artificially manufactured and consist of bonded polymers in their chemical structure. When compared with conventional polymers, they have enhanced physical properties such as brittleness and stain resistance. Cast polymers are molded and hardened to a solid material in a variety of shapes that meet diverse design needs. The International Cast Polymer Alliance divides cast polymers into three general categories based on the materials and methods used to manufacture them-solid surface, engineered composites, and engineered stone.
Based on application, the non-residential segment is estimated to have a lucrative growth due to the growing demand for cast polymer products in the construction industry across various regions. By geography, Asia Pacific is likely to have a huge demand due to the rapid industrialization in countries such as India, China, and Japan. There is also a tremendous growth in the manufacturing industries in these regions, thus anticipating the growth of cast polymers market.
Some of the key players in the Cast Polymers market include Agco Inc, Blanco, Bradley Corporation, Breton S.P.A, Caesarstone Ltd, Coritec Solid Surface Manufacturers, Cosentino S.A, E.I. Du Pont De Nemours and Company, Eastern Surfaces, Kingkonree International Surface Industrial Co Ltd, Oppein Home Group Inc, Swan Surfaces LLC, Technistone, The R.J. Marshall Company, and United States Marble, Inc.
• Alumina Trihydrate
• Aluminum Hydroxide
• Calcium Carbonate
• Natural Stone/Quartz
• Engineered Composites
• Engineered Stone
• Solid Surface
• Other Building Applications
• North America
o Rest of Europe
• Asia Pacific
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o South Africa
o Rest of Middle East & Africa
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