Global Cast Polymers Market was valued US$ XX Bn in 2019 and is expected to reach US$ XX Bn by 2027, at CAGR of 6.05% during forecast period.
The report includes the analysis of impact of COVID-19 lock-down on the revenue of market leaders, followers, and disrupters. Since lock down was implemented differently in different regions and countries, impact of same is also different by regions and segments. The report has covered the current short term and long term impact on the market, same will help decision makers to prepare the outline for short term and long term strategies for companies by region.
Increased consumption of cast polymers in remodeling and construction activities because of their availability in various colors, shapes, and types at affordable prices has contributed to the growth of the global cast polymers market.
The robust growth of the construction industry in the residential and commercial sectors is also drive the global cast polymers market. Because of the presence of very few players in global cast polymers 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.
On the basis of the type segment, Solid surface is a man-made product, which is usually composed of marble dust, acrylic, or polyester resins and colors. It is primarily used for seamless countertop installations. In terms of value, the solid surface segment is estimated to lead the global cast polymers market during the forecast period, because of the wide use of solid surface products in kitchen and bathroom applications. The engineered stone segment of the market is estimated to grow at the highest CAGR during forecast period. Because of increased demand for engineered stones from the residential and non-residential sectors. The increased demand for these stones from the residential and non-residential sectors can be attributed to the high performance offered by engineered stones in comparison to other materials.
Based on the material segment, Alumina trihydrate, calcium carbonate, and resins are the major raw materials used for manufacturing cast polymers. The alumina trihydrate segment is estimated to lead the global cast polymers market. The growth of this segment of the global cast polymers market can be attributed to the versatile properties like high durability and scratch resistance offered by alumina trihydrate. Furthermore, it is cost-effective. In terms of value, the natural stone/quart segment of the cast polymers market is estimated to grow at the highest CAGR during the forecast period.
In terms of region, The Asia Pacific region is a highly potential global cast polymers market. The Asia Pacific cast polymers market is expected to grow at the highest CAGR during the forecast period. The growth of the market in the Asia Pacific region can be attributed to the increasing demand for global cast polymers market from various end-use industries of emerging economies of the region. Rapid industrialization in the Asia Pacific region, coupled with the increased demand for cast polymers from non-residential construction units, like corporate offices, public toilets, malls and shopping complexes, hospitals, and schools, among others is expected to drive the growth of the Asia Pacific global cast polymers market during the forecast period.
The report has been prepared with the use of latest primary and secondary research techniques, industry-best tools, and various sources. We have used qualitative as well as quantitative analysis to offer a complete study of the global cast polymers market. Our market research experts have also provided SWOT analysis, and other important types of analysis to thoroughly examine the global cast polymers market. The regional analysis section gives useful information and details related to leading and other geographical markets and shows how they are expected to grow during the forecast period.
The objective of the report is to present a comprehensive assessment of the market and contains thoughtful insights, facts, historical data, industry-validated market data and projections with a suitable set of assumptions and methodology. The report also helps in understanding global cast polymers market dynamics, structure by identifying and analyzing the market segments and project the global market size. Further, the report also focuses on the modest analysis of key players by product, price, financial position, product portfolio, growth strategies, and regional presence. The report also provides PEST analysis, PORTER’s analysis, and SWOT analysis to address the question of shareholders to prioritizing the efforts and investment in the near future to the emerging segment in global cast polymers market.
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Scope of the Global Cast Polymers Market
Global Cast Polymers Market, By Type
• Solid Surface
• Engineered Stone
• Cultured Marble
Global Cast Polymers Market, By Material
• Alumina Trihydrate
• Calcium Carbonate
• Resin
• Natural Stone/Quartz
• Others
Global Cast Polymers Market, By End User
• Non-Residential
• Residential
Global Cast Polymers Market, By Region
• North America
• Europe
• Asia Pacific
• Middle East and Africa
• South America
Key players operating in Global Cast Polymers Market
• Emery Oleochemicals
• IOI Oleochemicals
• Wilmar International Ltd.
• Kuala Lumpur Kepong Berhad
• Godrej Industries
• Croda International PLC
• Cargill Incorporated
• P&G Chemicals
• KAO Corporation
• Avril Group
• The DOW Chemical Company (Olin Corporation)
• Cremer Oleo GmbH & Co. Kg
• PT Smart TBK
• Vitusa Products Inc.
• PT. Bakrie Sumatera Plantations TBK
• Twin Rivers Technologies Inc.
• Pacific Oleochemicals Sdn Bhd
• PT Sumi Asih Oleochemicals Industry
• Vegetable Vitamin Foods Company (VVF)
• Sakamoto Yakuhin Kogyo Co., Ltd.
• PT Cisadane Raya Chemicals
• Timur Oleochemicals.
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