Cast Polymers Market Trends and Outlook 2018
Posted by Venkatesh on September 26th, 2018
In the Report “Cast Polymers Market: By Material (Alumina Trihydrate, Calcium Carbonate, Resins, Others); By Type (Engineered Composites, Solid Surface Materials, Engineered Stone); By Application (Residential, Non Residential, Repairs & Re-modelling); By Geography - (2018-2023)” published by IndustryARC, the market is set to propel the demand across various regions of residential and commercial sectors due to construction activities along with the emerging use of fine quality household products.
Asia-Pacific leading with major share in the Cast Polymers Market
Asia-Pacific is the dominating region for Cast Polymers Market, owing to the higher consumption of this material in household appliances in this region. The growth in the APAC region can be attributed to the rapid industrialization in major countries of China and India, and other manufacturing industries influencing the demand for cast polymers. The market is likely to grow in the future owing to the presence of numerous players that develop engineering stone and increase cast polymer industries in the region.
Selected Material Analysis done in the Cast Polymers Market Report:
Alumina Trihydrate used for producing cast polymers, credited a revenue of 60.08 million in 2017 and it is forecast to reach 07.81 million by 2023 at a CAGR of 7.75% from 2018-2023. This material enhances the fire resistance and flame retarding properties of the cast polymer products. Increasing demand for fire resistant cast polymers is set to drive the alumina trihydrate market during the forecast period. Calcium carbonate is the major ingredient of Cast polymer is slated to grow at a CAGR of 7.09% and to experience a surge of 99 million by 2023. Increase in the acceptance of cast polymer based products due to its wide range of properties at the residential and commercial level, especially in developing nations is driving the market. Adoption of green polymer resin at a growing rate is set on expanding the market during the forecast period. The market is examined to lift at a CAGR of 9.56% from 2018-2023 projecting to 86.04 million by the end of the period. A slight amount of decline has been found out in the demand for the natural stone market for construction purposes. The world import value decreased from 5.21 million in 2014 to 8.15 million in 2017. The market generated a revenue of 17.20 million in 2017 and is expected to grow at CAGR of 6.68% and gain revenue of 91.33 million by 2023. The findings say silica will witness least CAGR due to its harmful effects.
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Excerpts on Cast Polymers Market Growth Factors
Conducting polymers are available in various colors, shapes and at affordable prices. Therefore, these are suitable and hence, are predominately used in remodeling purpose of old residential and commercial buildings and this eventually drives the usage rate.
Key players of the Cast Polymers Market
E.I. du Pont de Nemours and Company is the leading supplier in the cast polymer market, contributing to nearly 14% of the overall revenue. DuPont has its broad range of products, where expansion and innovation have been successful in providing variety of customers, and consequently filling their hold over the market. Caesarstone Sdot-Yam accounting for 6% of the overall revenue. Cosentino S.A. and Kingkonree International Surface Industrial Co. Ltd together accounting for 4% of the overall revenue for the cast polymer market. Bradley Corporation and Huber Engineered Materials are the followed companies with their major products like Lavatory Systems and Cultured Granite. Looking forward towards the conclusion, the developing countries are in the run for opportunities for further growth of cast polymers market.
Cast Polymers Market report is segmented as below
A. Cast Polymers Market – By Materials
1. Alumina Trihydrate
B. Cast Polymers Market – By Type
1. Engineered Composites
C. Cast Polymers Market – By Application
D. Cast Polymers Market by Geography (covers 10+ countries)
1. E. I. Du Pont De Nemours And Company
What can you expect from the report?
1. Market Size by Product Categories & Application 11. Demand Analysis (Revenue & Volume)
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Mr. Venkat Reddy
IndustryARC is a Research and Consulting Firm that publishes more than 500 reports annually, in various industries such as Agriculture, Automotive, Automation & Instrumentation, Chemicals and Materials, Energy and Power, Electronics, Food & Beverages, Information Technology, Life sciences & Healthcare.
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About the AuthorVenkatesh
Joined: August 23rd, 2018
Articles Posted: 184
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