The key players in the Global Cast Polymers Market include
- Agco, Inc. (U.S.),
- R. J. Marshall company (U.S.),
- Caesarstone Sdot-Yam (Israel),
- E. I. du Pont de Nemours and
- Company (U.S.), and many others.
Cast polymer is a group term, which consists of different products, such as solid surfaces, cultured marbles, and engineered stones. Under these products, a wide range of sub-categories are available like kitchen sink, bathtubs, counter tops, lavatories, vanities, fireplace surrounds, and many others. Due to its high mechanical properties it is used in products such as counter tops, bathtubs, lavatories, vanities, shower receptors, enclosure sets, fireplace surrounds, window sills, wall panels, floor tiles, whirlpool baths and molding accents. Cast polymers are segmented in two end user industries which are residential and non-residential areas.
Materials used in these products are alumina trihydrate, calcium carbonate, natural quartz, resins, silica, and many others. Solid Surfaces are made with alumina trihydrate and resins, likewise cultured marble are made with calcium carbonate and silica. On the other hand, engineered stones are made from natural quartz and resins.
The Asia-Pacific cast polymers market, in terms of volume, is projected to reach 146.2 million sqm by 2020 from 103.2 million sqm in 2015, at a CAGR of 7.2% during the forecast period from 2015 to 2020. The growth in the construction industry, technical advancements, and better quality products are among the key factors that are driving this market’s growth. However, technical advancements in cast polymers, is one of the major reason for the exponential growth and is expected to remain high in the future.
Based on regions, the global cast polymers market is segmented into Asia-Pacific, Europe, North America, and the Rest of the World. Asia-Pacific held the largest market share of 44.7%, by volume, in 2014. It is projected to grow at a higher CAGR of 7.2% during the given forecast period.
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