"The cast polymers market is projected to reach USD 11.97 billion by 2022, at a CAGR of 5.7% from 2017 to 2022."
The cast polymers market is projected to grow from USD 9.08 billion in 2017 to USD 11.97 billion by 2022, at a CAGR of 5.7% between 2017 and 2022. A key driving factor for the growth of the cast polymers market across the globe is the increased demand for advanced and qualitative countertops as well other cast polymer products. Moreover, increased demand for cast polymers from the construction sector for constructing new structures and remodeling existing housing and commercial units is also fueling the growth of the cast polymers market across the globe.
"Among types, the engineered stone segment of the cast polymers market is projected to grow at the highest CAGR from 2017 to 2022, in terms of value."
Based on type, the cast polymers market has been classified into solid surfaces, cultured marble, and engineered stone. The engineered stone type segment of the cast polymers market is estimated to grow at a significant pace during the forecast period. The growth of this segment of the market can be attributed to the increasing demand for engineered stones from shopping malls and departmental stores across the globe. It is commonly used in indoor flooring, walls, and kitchen countertops.
"In terms of value, the Asia Pacific cast polymers market is projected to grow at the highest CAGR during the forecast period."
The Asia Pacific cast polymers market is projected to grow at the highest CAGR between 2017 and 2022, in terms of value. The growth of the Asia Pacific cast polymers market can be attributed to the increased use of cast polymers in the construction of new housing units and non-residential buildings in the region. Activities such as business re-structuring, innovations in building materials, and improvement in energy efficiency are indirectly driving the growth of the cast polymers market in the region.
BREAKDOWN OF PRIMARIES:
In the process of determining and verifying the market size gathered through secondary research for different segments and subsegments of the cast polymers market, extensive primary interviews have been conducted with the key industry experts. The break-up of profiles of primary participants has been given below.
BREAK-UP OF PROFILES OF PRIMARY PARTICIPANTS:
- By Company Type: Tier 1 - 35%, Tier 2 - 41%, and Tier 3 - 24%
- By Designation: C Level - 56%, Director Level - 28%, and Others - 16%
- By Region: Asia Pacific - 33%, North America - 27%, Europe - 20%, Middle East & Africa - 13%, and Latin America - 7%
The key players operational in the cast polymers market include Breton S.p.A. (Italy), Cosentino S.A. (Spain), Bradley Corporation (US), Caesarstone Ltd. (Israel), Oppein Home Group Inc. (China), The R.J. Marshall Company (US), BLANCO (Germany), Huber Engineered Materials (US), AGCO, Inc. (US), DuPont (US), Compac (Spain), and Kingkonree International Surface Industrial Co., Ltd. (China), among others.
This report offers an overview of the market trends, drivers, and barriers with respect to the cast polymers market. It also provides a detailed overview of the market across five regions, namely, Asia Pacific, North America, Europe, Middle East & Africa, and Latin America. The report categorizes the cast polymers market based on material, type, end user, and region. A detailed analysis of the leading players, along with the key growth strategies adopted by them is also covered in this report on the cast polymers market.