Global Cast Polymers Market – Industry Trends and Forecast to 2029

Global Cast Polymers Market, By Type (Solid Surface, Engineered Stone, Cultured Marble), Material (Alumina Trihydrate, Calcium Carbonate, Resins, Natural Stone/Quartz), End User (Non-Residential, Residential) – Industry Trends and Forecast to 2029

Cast Polymers Market Analysis and Size

Cast polymers are made up of different type of polymeric substances and are available in the market. The “alumina trihydrate” is the highest growing material segment due to its versatile properties such as scratch resistance and high durability properties. Cast polymers comprise cultured marble, cultured granite, cultured onyx and solid surface products which is used in an extensive range of non-residential and residential applications. A few applications of these cast polymer are countertops, shower receptors, fireplace surrounds, bathtubs, window sills, floor tiles, molding accents, whirlpool baths, vanities, enclosure sets, wall panels, and lavatories. Cast polymers are now preferred due to their excellent mechanical properties. Thus, cast polymers market is expected to rise high in the mentioned forecast period.

Data Bridge Market Research analyses that the cast polymers market is expected to undergo a CAGR of 5.80% during the forecast period. This indicates that the market value, which was USD 12.06 billion in 2021, would rocket up to USD 18.93 billion by 2029.  In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include in-depth expert analysis, geographically represented company-wise production and capacity, network layouts of distributors and partners, detailed and updated price trend analysis and deficit analysis of supply chain and demand.

Cast Polymers Market Scope and Segmentation

Market Definition

Cast polymers are manufactured by mixing granite or natural marble with resins or tints. The different types of cast polymers include solid surface materials, engineered composites and engineered stones. Engineered stones are less hard and porous than any other type of natural stone. Cast polymers are preferred over conventional ones because they have excellent properties such as stain resistance, brittleness and many others. The different materials used in cast polymers include calcium carbonate, resins, alumina trihydrate, natural stones, silica and others. The two types of resins which is mainly used are polyester and acrylic.

Cast Polymers Market Dynamics

Drivers

• Increased utilization of cast polymers in remodelling and construction activities

Cast polymers market is driven by the need to manufacture superior-quality and technically advanced products. The rise in the use of cast polymers in construction and remodelling activities because of their availability in several shapes, colours and types at affordable costs has also contributed to the growth of cast polymers market.

• Growing demand of green fillers and resin

The growing demand for adoption of resins and green fillers in the cast polymers market. The demand for green filler and resin is majorly due to initiatives introduced by Leadership in Energy and Environmental Design programs that enable builders to get credit for incorporating recycled content. The rising demand of resins and green fillers eventually increase the demand for cast polymer, which is expected to drive the market growth rate.

• Multi utility purpose of cast polymer

Cast polymers possess several advantages such as resistant to stain, moisture, minimal maintenance and other damage which has caused by wear and tear. Hence, they are widely used in industrial, commercial, residential and medical areas. Cast polymers are extensively used in window sills, vanities, flooring, sinks, bathtubs, countertops and wall panels. The growing demand for cast polymer in several purposes is expected to drive the market growth rate during the forecast of 2022-2029.

Opportunities

• Awareness and Replacement for the use cast polymer

The rising awareness due to strict government rules and regulations about the use of cast polymer will further extend the profitable opportunities to the cast polymers market players during the forecast period of 2022 to 2029.

 Furthermore, growing adoptability of cast polymer in remodelling and constructional activities due to their availability in different types, shapes and colours can act as an immense opportunity for various manufacturers in the cast polymer market in upcoming years.

Restraints/Challenges

• High cost

However, high production cost of raw material which is used in the production of cast polymer is expected to act as major restraint and obstruct the overall growth of the cast polymer market during the forecast period. 

Also, the limited availability of raw materials used for manufacturing cast polymers is expected to restrict the growth rate of the cast polymers market.

This cast polymers market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the cast polymers market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.

Impact and Current Market Scenario of Raw Material Shortage and Shipping Delays

Data Bridge Market Research offers a high-level analysis of the market and delivers information by keeping in account the impact and current market environment of raw material shortage and shipping delays. This translates into assessing strategic possibilities, creating effective action plans, and assisting businesses in making important decisions.

Apart from the standard report, we also offer in-depth analysis of the procurement level from forecasted shipping delays, distributor mapping by region, commodity analysis, production analysis, price mapping trends, sourcing, category performance analysis, supply chain risk management solutions, advanced benchmarking, and other services for procurement and strategic support.

COVID-19 Impact on Cast Polymer Market

The outbreak of coronavirus had a negative impact on the cast polymer market. As a result of this pandemic, the government has imposed stringent regulation throughout the globe which has affected the growth of the cast polymer market. The primary users of cast polymer, such as in residential and non-residential construction areas, have also shut down the manufacturing facilities which is resulting in a decline in cast polymer market globally. Also, the majority of raw materials providers in this market has close down their operations and the major suppliers turned their priority to providing pandemic relief.

Expected Impact of Economic Slowdown on the Pricing and Availability of Products

When economic activity slows, industries begin to suffer. The forecasted effects of the economic downturn on the pricing and accessibility of the products are taken into account in the market insight reports and intelligence services provided by DBMR. With this, our clients can typically keep one step ahead of their competitors, project their sales and revenue, and estimate their profit and loss expenditures.

Global Cast Polymers Market Scope

The cast polymers market is segmented on the basis of type, material and end user. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.

Type

• Solid Surface
• Engineered Stone
• Cultured Marble

Material

• Alumina Trihydrate
• Calcium Carbonate
• Resins
• Natural Stone/Quartz

End User

• Non-Residential
• Residential

Cast Polymers Market Regional Analysis/Insights

The cast polymers market is analysed and market size insights and trends are provided by country, type, material and end user as referenced above.

The countries covered in the cast polymers market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (M.E.A.) as a part of Middle East and Africa (M.E.A.), Brazil, Argentina and Rest of South America as part of South America.

Asia Pacific dominates the cast polymers market due to rapid industrialization in countries such as China, India and Japan. The growth in the manufacturing industries and highest number of residential as well as commercial building in this region is driving the market.

North America will continue to project the highest compound annual growth rate during forecast period of 2022-2029 due to increase in demand of cast polymer from non-residential construction units such as malls and shopping complexes, hospitals, corporate offices, public toilets,  and schools in this region .

The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.   

Competitive Landscape and Cast Polymers Market Share Analysis

The cast polymers market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to cast polymers market.

Some of the major players operating in the cast polymer market are:

• Peker Holding (U.K.)
• Q.R.B.G. S.r.l. (Italy)
• Rynone Manufacturing Corp. (U.S.)
• WK STONE. (Australia)
• Kingkonree International China Surface Industrial Co., Ltd. (China)
• Hunan Zhongxin New Materials Technology Co.,Ltd. (China)
• R & D Marble (U.K.)
• The R.J. Marshall Company (U.S.)
• Swan (U.S.)
• Cosentino S.A. (Spain)
• Bradley (U.S.)
• Breton S.P.A (Italy)
• Du Pont (U.S.)
• Toyobo Co. Ltd. (Japan)
• TEIJIN limited (U.S.A)
• Avient Corporation (U.S.)
• Tate & Lyle (U.K.)
• Hiusan Biosciences (U.S.)
• Kaneka Corporation (Japan)