Cast Polymers Market - Global Industry Analysis, Size, Share, Trends, Growth and Forecast 2016 - 2024
- Transparency Market Research
- February 2030
- 0 pages
Cast Polymers Market: Overview
Cast polymer products are artificially made, mineral-packed, and chemically constituted of polymeric material that is casted and strengthened into hard material of various shapes to meet diversified design needs. The wide range of applications of cast polymers can be credited to the “quarried stone” used in the manufacturing process; it is impossible to attain the properties of cast polymers without quarried stone. When compared to quarried marble, cast polymer is stronger and less brittle; it is also a lot tougher than porcelain. Cast polymers can be easily cleaned with cleaning agents that are nonabrasive and they can resist stains and mildew. Cast polymer products are easy to handle and resistant to breakage in spite of their seamless manufacturing into one piece.
Cast polymers comprise cultured granite, cultured onyx, cultured marble, and solid surface products used in a wide range of residential and nonresidential applications. A few of these applications are bathtubs, window sills, floor tiles, molding accents, countertops, shower receptors, fireplace surrounds, whirlpool baths, vanities, enclosure sets, wall panels, and lavatories. Cast polymers are now preferred due to their superior mechanical properties. They can be top-notch raw materials, provide better construction, and adhere to higher quality control standards. This permits a customer to choose from a wide range of long-lasting total kitchen and bath concept products at affordable prices without affecting design and color versatility.
Cast Polymers Market: Segmentation
Cast polymer products are segmented into three categories by type, by material, and by end-user industry. By type, cast polymers can be further divided into cultured marble, engineered stone, and solid surface. On the basis of the materials with which they are manufactured, cast polymers products are segmented into five categories: calcium carbonate, silica, alumina trihydrate, resins, and others. Depending upon the end-user industries where cast polymers products are used, they are segmented into two categories: residential and non-residential.
The cast polymers global market has grown tremendously during the last few years and is expected to showcase the same trend in the forecast period. Asia Pacific was and is expected to be the biggest market for cast polymers. This growth can be attributed to the rapid industrialization in major countries like China and India, and other manufacturing industries’ influencing the demand for cast polymers. Due to the demand for cast polymer products in the construction industry across various regions, the nonresidential segment is the largest end-user segment.
Cast Polymers Market: Trends and Drivers
The global market for cast polymers is driven by the need to produce technically advanced and superior-quality products. Increased utilization of cast polymers in remodeling and construction activities due to their availability in various colors, shapes, and types at affordable prices has also contributed to the growth of cast polymers global market.
The robust growth of the construction industry in the residential and commercial sectors is also driving the market. Due to the presence of very few players in this market, demand from end-user industries exceeds supply; this is a big restraint on the growth of this market. The availability of inexpensive labor and low procurement costs in developing countries are a great opportunity for the further growth of the market.
Cast Polymers Market: Key Players
Some of the major players in the cast polymers global market are Caesarstone Sdot-Yam, Kingkonree International Surface Industrial Co., Ltd, United States Marble Inc., Eastern Surfaces Inc., E.I. du Pont de Nemours and Company, Coritech Solid Surfaces Manufacturers, Agco Inc., Owell Stone Group, Cosentino S.A., Blanco, Breton S.P.A., The R. J. Marshall Company, The Swan Corporation, and Bradley Corporation.
The report offers a comprehensive evaluation of the market. It does so via in-depth insights, understanding market evolution by tracking historical developments, and analyzing the present scenario and future projections based on optimistic and likely scenarios. Each research report serves as a repository of analysis and information for every facet of the market, including but not limited to: Regional markets, technology developments, types, applications, and the competitive landscape.
The study is a source of reliable data on:
- Key market segments and sub-segments
- Evolving market trends and dynamics
- Changing supply and demand scenarios
- Quantifying market opportunities through market sizing and market forecasting
- Tracking current trends/opportunities/challenges
- Competitive insights
- Opportunity mapping in terms of technological breakthroughs
The regional analysis covers:
- North America (U.S. and Canada)
- Latin America (Mexico, Brazil, Peru, Chile, and others)
- Western Europe (Germany, U.K., France, Spain, Italy, Nordic countries, Belgium, Netherlands, Luxembourg)
- Eastern Europe (Poland, Russia)
- Asia Pacific (China, India, Japan, ASEAN, Australia and New Zealand)
- Middle East and Africa (GCC, Southern Africa, North Africa)
TMR estimates the market size of various sectors using a combination of available data on the number and revenue of companies within each sub-sector and tiers of companies. The basic components used to determine market size and forecast for a specific product area are not only limited to supply-side data, but are also related to demand, industry trends, and the economic outlook. All the above data points are utilized to generate a statistical model targeting the sector marketplace. More than 300 TMR analysts across the world integrate these elements into a framework to determine the subsector market size for a base year and then forecast growth within each market.
TMR regularly interviews technology and business professionals as an ongoing effort to track the latest developments within each sector. These continuous surveys are stratified by company size and industry segment and weighted to reflect the global market place. All data are collected on an ongoing effort through a structured questionnaire rolled over the web or conducted via telephones. This provides the TMR team opportunities to request for detailed question sets, complex skip patterns, and real-time calculations, which assists respondents in answering questions involving numbers and percentages. Respondents, who are interviewed as experts, are screened and qualified based on certain criteria in addition to their decision-making authority and the scope of activity within their organizations.
Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.
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