Cast Polymers Market Size, Share & Trends Analysis Report By Type, By Material, By End-Use, By Region, And Segment Forecasts, 2023 To 2030

Cast polymers are artificially manufactured and strengthened into hard material of different shapes and designs to be used across several application industries. The global demand for cast polymer is increasing on account of its growing demand in construction & remodeling activities around the world.

Cast polymers are available in several shapes, sizes and colors in affordable costs, which is increasing its penetration in the market. Additionally, these possess various advantages such as resistance to moisture & strain along with minimal maintenance. This has triggered the demand for the products in commercial, residential, and industrial industries.

These are also resistance to the damage caused by wear and tear. These are significantly used in vanities, flooring, window sills, bathtubs and wall panels. Hence, with the development of construction activities in developing regions such as the Asia Pacific and increasing refurbishment activities in the developed countries across North America, the market for cast polymers is also growing.

Furthermore, the growing adaption of cast polymers is further expected to boost its demand over the coming years. However, the high cost of production involved with the raw materials involved in its production can hamper its growth over the forecast period. On the basis of type, the market is segmented into solid surface, engineered stone and cultured marble.

Based on material, the market is segmented as alumina trihydrate, calcium carbonate, resins, natural stone/quartz and others. The alumina trihydrate is to account for a substantial revenue share due to its versatile properties including scratch resistance and higher durability over its substitutes. On the basis of end-use, the market is categorized into residential and non-residential segments. The non-residential segments is forecasted to grow at a higher CAGR on account of its growing applications in schools, offices and other institutional buildings.

The North American and European region accounts for a significant share; however, the Asia Pacific region is expected to be the fastest growing market for the product. This is attributed to the rising urbanization and industrialization in the developing countries in the region such as China, India, and South Korea. Some of the major companies operating in the cast polymer market include Breton S.p.A., Cosentino S.A., DuPont, Caesarstone Ltd., and Bradley Corporation.