Cast Polymers Market Analysis | 2023-2028

Market Insights

The cast polymers market was estimated at USD 9.18 billion in 2022 and is likely to grow at a CAGR of 5.67% during 2023-2028 to reach USD 12.82 billion in 2028.

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Market Dynamics

Introduction

Cast polymer is a universal term that refers to the production of synthetic cast products, either cultured marble, cultured onyx, or cultured granite. But recently it includes additional materials such as engineered stone and other polyester and acrylic resin-based materials. Cast polymers are of different types, such as solid surfaces, engineered stone, and cultured marble, which are used in various applications in non-residential and residential end-use markets.

Market Drivers

The major driving factor contributing to the demand for cast polymers is the growth in sports and textile & apparel, which in turn, is driven by the increasing health awareness in consumers, varying lifestyles, and growing fitness activities.

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Key Players

Some of the major cast polymer manufacturers are:

• Cosentino S.A.
• Bradley Corporation
• Caesarstone Ltd.
• The R.J. Marshall Company
• E.I. Du Pont De Nemours
• Breton S.P.A.
• Oppein Home Group Inc.
• Agco, Inc.
• Swan Surfaces, LLC
• Eastern Surfaces

Note: The above list does not necessarily include all the top players in the market.

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Segments Analysis

By Type

Based on the type, the market is segmented as solid surface, engineered stone, and cultured marble. The solid surface segment is expected to govern the market owing to its wide use of solid surface products in kitchen and bathroom applications.

By Material Type

Based on the material type, the market is segmented as alumina trihydrate, calcium carbonate, resin, natural stone/quartz, and others. The alumina trihydrate segment dominates the market, on account of its excellent properties such as such as high durability and scratch resistance.

By End-User Type

Based on the end-user type, the cast polymers market is segmented as non-residential and residential. The non-residential segment is expected to govern the market due to its rise in demand for these materials from non-residential constructions such as hospitals, and schools, among others.

Regional Insights

In terms of regions, Asia-Pacific is estimated to be the fastest-growing cast polymers market during the forecast period, with rapid industrialization in the region and rise in demand for cast polymers from non-residential units such as corporate offices, public toilets, malls, and shopping complexes, hospitals, and schools, driving the market. China and India are the key growth engines of the market. North America and Europe are also expected to offer substantial growth opportunities during the forecast period.

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Research Methodology

• This strategic assessment report from Stratview Research provides a comprehensive analysis that reflects cast polymers market realities and future market possibilities for the forecast period.
• The report segments and analyzes the market in the most detailed manner in order to provide a panoramic view of the market.
• The vital data/information provided in the report can play a crucial role for market participants as well as investors in the identification of the low-hanging fruits available in the market as well as to formulate growth strategies to expedite their growth process.
• This report offers high-quality insights and is the outcome of a detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders, and validation and triangulation with Stratview Research’s internal database and statistical tools.
• More than 1,000 authenticated secondary sources, such as company annual reports, fact books, press releases, journals, investor presentations, white papers, patents, and articles, have been leveraged to gather the data.
• We conducted more than 15 detailed primary interviews with market players across the value chain in all four regions and industry experts to obtain both qualitative and quantitative insights.

Report Features

This report provides market intelligence in the most comprehensive way. The report structure has been kept such that it offers maximum business value. It provides critical insights into market dynamics and will enable strategic decision-making for existing market players as well as those willing to enter the market. The following are the key features of the report:

• Market structure: Overview, industry life cycle analysis, supply chain analysis.
• Market environment analysis: Growth drivers and constraints, Porter’s five forces analysis, SWOT analysis.
• Market trend and forecast analysis.
• Market segment trend and forecast.
• Competitive landscape and dynamics: Market share, Service portfolio, New Product Launches, etc.
• COVID-19 impact and its recovery curve
• Attractive market segments and associated growth opportunities.
• Emerging trends.
• Strategic growth opportunities for the existing and new players.
• Key success factors.

Market Segmentation

This report studies the market covering a period of 12 years of trend and forecast. The report provides detailed insights into the market dynamics to enable informed business decision making and growth strategy formulation based on the opportunities present in the market.

The cast polymers market is segmented into the following categories.

By Type

• Solid Surface
• Engineered Stone
• Cultured Marble

By Material Type

• Alumina Trihydrate
• Calcium Carbonate
• Resin
• Natural Stone/Quartz
• Others

By End-User Type

• Non-residential
• Residential

By Region:

• North America (Country Analysis: the USA, Canada, and Mexico)
• Europe (Country Analysis: Germany, France, the UK, Russia, Spain, and Rest of Europe)
• Asia-Pacific (Country Analysis: China, Japan, India, South Korea, and Rest of Asia-Pacific)
• Rest of the World (Sub-Region Analysis: Latin America, the Middle East, and Others)

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Report Customization Options

With this detailed report, Stratview Research offers one of the following free customization options to our respectable clients:

Company Profiling

• Detailed profiling of additional market players (up to 3 players)
• SWOT analysis of key players (up to 3 players)

Market Segmentation

• Current market segmentation of any one of the types by end-user type.

Competitive Benchmarking

• Benchmarking of key players on the following parameters: Product portfolio, geographical reach, regional presence, and strategic alliances.

Custom Research: Stratview Research offers custom research services across sectors. In case of any custom research requirement related to market assessment, competitive benchmarking, sourcing and procurement, target screening, and others, please send your inquiry to sales@stratviewresearch.com.