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Cast Polymer Market - Forecasts from 2022 to 2027

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    Report

  • 130 Pages
  • December 2022
  • Region: Global
  • Knowledge Sourcing Intelligence LLP
  • ID: 5716776

The cast polymer market is anticipated to reach a market value of US$28.510 billion by 2027 from US$20.323 billion in 2020, at a CAGR of 4.95%.

Cast polymers come in a variety of kinds, including solid surface, engineered stone, and cultured marble, and are created using natural marble or granite, resins, or tints. Cast polymers are used for flooring and other uses in a variety of residential and non-residential applications, giving them a classy and opulent appearance in addition to strength along with a wide range of colors, forms, textures, and types for affordable prices. Because of the global construction industry's upswing, which is fueling market expansion, the cast polymer market is anticipated to expand at a rapid rate.

The market's expansion is being hampered by the higher cost of items made from cast polymers and the danger of substitutes, both of which are significant market growth inhibitors.

The demand of Cast Polymers is rising due to the growth in the construction industry

The necessity to manufacture technologically sophisticated and superior-quality products is what drives the global market of cast polymers. Cast polymers' increased use in remodeling and construction projects owes in part their affordability and availability in a wide range of colors, sizes, and varieties. This has also helped the global market of cast polymers grow. The market is also being driven by the construction industry's strong expansion in both the residential and commercial sectors. . Low labor costs and low procurement prices in developing nations present a significant possibility for market expansion.

By Application

By application, the Cast Polymer market is segmented into Residential and Non-Residential segments. Cast polymers were predominantly used in the construction of public utilities including schools, hospitals, and transportation hubs that served the nonresidential sector.

By Geography

Geographically, the Cast Polymer market is segmented as North America, South America, Europe, the Middle East and Africa, and Asia Pacific. Due to the rapid expansion of both residential and non-residential buildings in developing nations like China and India, the Asia-Pacific region is anticipated to experience strong growth rates, which will further support the expansion of the cast polymer market in this region.

Key Developments:

  • Jan 2022: At its production facility in Circleville, Ohio, DuPont announced that the expansion project had been finished. With the $250 million investment, Kapton® polyimide film and Pyralux® flexible circuit materials production will be increased, ensuring a committed supply to meet the rising global demand in DuPont's target markets of the automotive, consumer electronics, telecom, specialized industrial, and defence. The sophisticated Kapton® polyimide films, which have set industry standards and offer great performance, dependability, and durability, are produced on the new manufacturing line in Circleville using DuPont's patented processing technology. With a special blend of electrical, thermal, chemical, and mechanical qualities, Kapton® polyimide films can tolerate high temperatures, jolting, and other harsh situations.
  • Sept 2021: With the launch of its new Caesarstone ConnectTM platform, a first-of-its-kind integrated online estimator and project management tool, Caesarstone, a leading developer and manufacturer of high-quality engineered quartz surfaces, has bolstered its support for retail partners. The platform instantly provides a detailed per-square-foot price quote that includes material, fabrication, and installation costs and seamlessly links projects to authorized Caesarstone fabricators. Any Caesarstone application, including countertops, backsplashes, bathroom vanities, and more, may be completed in a matter of minutes, and a thorough quote is given to the customer along with transparent pricing. Additionally, it gives merchants and designers the ability to give their clients on-the-spot, immediate pricing for custom countertops, thus increasing close rates.

Product Offerings:

  • Frequency Series 3-Station, FL-3L: Frequency has a no-drip edge and a wavelike design that reduces areas where water can pool. Concave bowls on the FL-3L accommodate people with disabilities as well as adults, children, and those who prefer an ergonomic hand-washing experience. The sink is available in a variety of colors and is seamlessly crafted from Terreon solid surface material for excellent durability and repairability. High-impact polymer is used to make the vandal-resistant trap lid. It caters to 1-3 users at once. The characteristics include patented molded one-piece with integral bowl, ADA-compliant lower concave unit, vandal-resistant Terreon or TerreonRE Solid Surface Material construction, numerous color options faucet with capacitive sensing as standard constructed of high impact polymer are trap covers, tankless water heaters and/or optional soap dispensers are both offered.
  • AR™ Fast Etch Organic Bottom Anti-Reflectant Coating: DuPont's organic bottom anti-reflectant coatings (BARCs) are cross-linkable polymers that are spin cast on wafers with the intention of reducing light reflection into the resist material above the wafer surface.ARTM Fast Etch Organic Bottom Anti-Reflectant Coating: The ARTM Fast Etch Organic BARCs from DuPont are based on polymers with chromophores to lower substrate reflectivity and oxygen-rich monomers to etch swiftly during the pattern transfer stage. The ability to quickly etch these products and remove them without significantly reducing the resist film thickness is essential for creating improved integrated circuits.

Market Segmentation:

By Type

  • Gel-Coated Composites
  • Solid Surface
  • Engineered Stone

By Materials

  • Gel Coat
  • Resin
  • Fillers
  • Catalyst/Initiator

By Application

  • Residential
  • Non-Residential

By Geography

  • North America
  • USA
  • Mexico
  • Canada
  • South America
  • Brazil
  • Argentina
  • Others
  • Europe
  • Germany
  • France
  • United Kingdom
  • Italy
  • Others
  • Middle East and Africa
  • Saudi Arabia
  • UAE
  • Israel
  • Others
  • Asia Pacific
  • India
  • China
  • Japan
  • South Korea
  • Taiwan
  • Thailand
  • Indonesia
  • Others
Frequently Asked Questions about the Cast Polymer Market

What is the estimated value of the Cast Polymer Market?

The Cast Polymer Market was estimated to be valued at $20.32 billion in 2020.

What is the growth rate of the Cast Polymer Market?

The growth rate of the Cast Polymer Market is 4.9%, with an estimated value of $28.51 billion by 2027.

What is the forecasted size of the Cast Polymer Market?

The Cast Polymer Market is estimated to be worth $28.51 billion by 2027.

Who are the key companies in the Cast Polymer Market?

Key companies in the Cast Polymer Market include Caesarstone Ltd., US Marble and Granite, Kingkonree International China Surface Industrial Co., Ltd., DuPont de Nemours, Inc., American Bath Group, Bradley Corporation and Stylam Industries Limited.

Table of Contents

1. INTRODUCTION
1.1. Market Overview
1.2. COVID-19 Scenario
1.3. Market Definition
1.4. Market Segmentation

2. RESEARCH METHODOLOGY
2.1. Research Data
2.2. Assumptions

3. EXECUTIVE SUMMARY
3.1. Research Highlights

4. MARKET DYNAMICS
4.1. Market Drivers
4.2. Market Restraints
4.3. Porter’s Five Forces Analysis
4.3.1. Bargaining Power of Suppliers
4.3.2. Bargaining Power of Buyers
4.3.3. Threat of New Entrants
4.3.4. Threat of Substitutes
4.3.5. Competitive Rivalry in the Industry
4.4. Industry Value Chain Analysis

5. CAST POLYMER MARKET ANALYSIS, BY TYPE
5.1. Gel-Coated Composites
5.2. Solid Surface
5.3. Engineered Stone

6. CAST POLYMER MARKET ANALYSIS, BY MATERIALS
6.1. Gel-Coat
6.2. Resin
6.3. Fillers
6.4. Catalyst/Initiator

7. CAST POLYMER MARKET ANALYSIS, BY APPLICATION
7.1. Residential
7.2. Non-Residential

8. CAST POLYMER MARKET ANALYSIS, BY GEOGRAPHY
8.1. Introduction
8.2. North America
8.2.1. USA
8.2.2. Canada
8.2.3. Mexico
8.3. South America
8.3.1. Brazil
8.3.2. Argentina
8.3.3. Others
8.4. Europe
8.4.1. Germany
8.4.2. France
8.4.3. United Kingdom
8.4.4. Italy
8.4.5. Others
8.5. Middle East and Africa
8.5.1. Saudi Arabia
8.5.2. UAE
8.5.3. Israel
8.5.4. Others
8.6. Asia Pacific
8.6.1. China
8.6.2. Japan
8.6.3. India
8.6.4. South Korea
8.6.5. Taiwan
8.6.6. Thailand
8.6.7. Indonesia
8.6.8. Others

9. COMPETITIVE INTELLIGENCE
9.1. Major Players and Strategy Analysis
9.2. Emerging Players and Market Lucrativeness
9.3. Mergers, Acquisitions, Agreements, and Collaborations
9.4. Vendor Competitiveness Matrix

10. COMPANY PROFILES
10.1. Caesarstone Ltd.
10.2. US Marble and Granite
10.3. Kingkonree International China Surface Industrial Co., Ltd.
10.4. DuPont de Nemours, Inc.
10.5. American Bath Group
10.6. Bradley Corporation
10.7. Eastern Surfaces
10.8. Stylam Industries Limited

Companies Mentioned

  • Caesarstone Ltd.
  • US Marble and Granite
  • Kingkonree International China Surface Industrial Co., Ltd.
  • DuPont de Nemours, Inc.
  • American Bath Group
  • Bradley Corporation
  • Eastern Surfaces
  • Stylam Industries Limited