According to the latest market report “Cast Polymers Market: By Materials (Alumina Trihydrate, Calcium Carbonate, Resins and Others); By Type (Engineered Composites, Solid Surface Materials, Engineered Stone); By Application (Residential, Non Residential, Repairs & Remodelling) & By Region -Forecast (2017-2021)” published by IndustryARC, estimates the market to reach $10,421.06 million by 2021.
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Cast polymers are artificially produced by chemically bonding polymeric materials which are subjected to molding process to create various shapes. These products excel in properties with respect to the conventional ones in terms of strength, brittleness, stain resistant and many others that are unattainable by machining conventional quarried stones. The key segmentations for cast polymers market include by type, by material, by end users and by geography.
The global cast polymers market is estimated to grow at a CAGR of over 7% during the forecasted period and will reach $10,421.06 m in 2021. Escalating demand for cast polymers in construction industry in the residential and commercial sectors is estimated to be one of the major game changers for this market. According to type, the global cast polymers market has been categorized into engineered composites, solid surface materials, engineering stone and others. Solid surface materials have generated the highest revenue in 2015and this segment is projected to remain dominant in the cast polymers market for the next five years.
The market has been segmented into Americas, Asia-Pacific, Europe and Rest of the World (RoW) on basis of geography. In 2015, Asia-Pacific was the prominent region for cast polymers market. APAC is estimated to be the fastest growing region during the forecasted period. Countries in APAC region such as China, India, Japan, Indonesia and others are undergoing rapid urbanization which will drive the cast polymers market in this region. In fact China alone had a larger share in the 2015 revenue when compared to that generated in Americas. Cheap labor and high demand of crude oil are other factors pushing the growth in APAC.
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The Prominent Players in this Market Include
- E. I. Du pont de Nemours and Company
- Caesarstone Ltd.
- Bradley Corporation
- Cosentino S.A.
- Kingkonree International Surface Industrial Co. Ltd.
E. I. Dupont de Nemours and Company and Caesarstone Ltd. are key players of the cast polymers market in 2015 with a combined share of 20%. Bradley Corporation Cosentino S.A. and Kingkonree International Surface Industrial Co. Ltd. among others are prominent in Cast Polymers Market in 2015. With various product launches, mergers, acquisitions, collaborations and other strategies, the key players are focused on increasing market shares in the industry.
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