Cast Polymer Market worth 9.99 Billion USD by 2020


Posted September 1, 2016 by RohitBhagare

High growth in construction & remodeling industry, along with the demand for high-quality products, is expected to drive the global cast polymers market during the forecast period.

 
The report "Cast Polymer Market by Type (Solid Surface, Cultured Marble, Engineered Stone), by Material (Alumina Trihydrate, Calcium Carbonate, Resins, Silica, Natural Stone/Quartz, Others), by End User, by Region - Global Forecast to 2020", The global cast polymers market is estimated to be valued at USD 7.98 Billion in 2015 and is projected to reach USD 9.99 Billion by 2020, at a CAGR of 4.6% from 2015 to 2020.
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Key content of this market:
Global cast polymers market has been witnessing significant growth due to the rise in construction and remodeling activities in the Asia-Pacific region. Countries such as China, India, and Japan have made large investments in this development in the last two decades. Construction industry has been showing a robust growth in commercial as well as residential sectors. Cast polymers products are available in wide range of colors, types, and shapes. Few manufacturers also provide the custom made products as per the consumers’ requirements. Cast polymers are lightweight in nature, less brittle, and scratch free as compared to the naturally available products. This report analyzes the global cast polymers market with respect to market drivers, opportunities, and trends in different countries
http://www.marketsandmarkets.com/Market-Reports/cast-polymers-market-127257947.html
The global cast polymers market size is estimated to be USD 7.98 Billion in 2015 and is projected to reach USD 9.99 Billion by 2020, at a CAGR of 4.6% from 2015 to 2020. High growth in construction & remodeling industry, along with the demand for high-quality products, is expected to drive the global cast polymers market during the forecast period.
The solid surface type segment contributed the largest share in the global cast polymers market in 2014 and is expected to remain the largest segment by type during the forecast period. This growth is mainly attributed to the increasing demand of these materials from non-residential constructions such as hospitals and schools owing to their high resistance to biological contamination. Engineered stone is the fastest-growing type segment during the forecast period owing to its increasing demand from residential and non-residential construction and its high performance in comparison to other materials.
Non-residential end-user industry is expected to grow at the highest CAGR during the forecast period. Alumina trihydrate, calcium carbonate, and resins are the major raw materials for cast polymers market. Alumina trihydrate contributed to the largest market share in 2014 due to its versatile properties and comparatively low cost as compared to other materials. Natural stone/quartz material segmented is expected to grow at the highest rate during the forecast period. Natural stone is mostly preferred due to its lasting durability and prevents scratches on its surface.
The Asia-Pacific region led the global cast polymers market in 2014. Rapid industrialization in the Asia-Pacific region, coupled with the increased demand for non-residential units, such as corporate offices, public toilets, malls and shopping complexes, hospitals, and schools, among others is driving the market for cast polymers.
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Issued By Rohit Bhagare
Country India
Categories Business , Research
Last Updated September 1, 2016