Global Cast Polymer Market by Product Type (Solid Surface, Engineered Stone, Cultured Marble and Other Products), By Material Type (Calcium Carbonate, Aluminum Trihydrate, Resins, and Other Materials) By End-User Industry (Residential and Commercial), and by Region and Companies - Industry Segment Outlook, Market Assessment, Competition Scenario, Trends and Forecast 2022-2032

Cast Polymer Market Overview:

The Global Cast Polymer Market is projected to be USD 9,868.3 Mn in 2022 to reach USD 15,984.8 Mn by 2032 at a CAGR of 5.1%.

Casting is a manufacturing process that involves pouring preheated liquid into a cavity to create desired shapes and sizes of objects. The liquid material is cooled by evaporation, chemical action, or external heat, and after curing, the finished product is removed from the mold. The casting process is also considered a cheap alternative for traditionally manufactured parts that use injection molding, thermoforming, or pressure forming techniques.

Casting polymer is a collective term that refers to the synthetic casting of products, including artificial marble, artificial onyx, artificial granite, and other recently used materials such as artificial stone and other materials based on polyester and acrylic resin. Cast polymer molding is used to produce parts of various shapes or sizes. Casting polymers undergo the molding process and result in enhanced physical properties of materials through the use of reinforcement techniques.

Cast polymer products are used in several application areas that include vanity countertops, sinks, bathtubs, shower trays, wall panels, countertops, window sills, floors, bar sinks, and interior and exterior walls, railings, and others.

Global Cast Polymer Market Revenue (USD Mn), 2020–2030:

Casting polymer products, such as artificial stone and artificial stone, are more affordable than high-quality natural stone and mid-range granite. This is another factor that is expected to have a positive impact on the demand for artificial stones for residential use. The prices of these products vary according to the color, configuration, and installation costs of different regions.

The COVID-19 pandemic has had a significant impact on the construction industry, which is considered to be more sensitive to the economic cycle. Contractors are at the forefront because they are providers of services and products at the same time. Covid-19 will affect materials and labor that are the main cost components of construction projects. Therefore, the adverse economic impact of this epidemic has negatively affected both residential and commercial businesses.

Global Cast Polymer Market Attractiveness Analysis by Product Type, 2014–2030:

The global cast polymers market is segmented based on product type, material, end-use, and region. The engineered stone segment is expected to account for a significant revenue share in the target market among the product type segments. This is attributed to the wide use of engineered stone owing to its properties such as heat resistance, durability, etc.

The resins segment accounts for the highest revenue share among the material segments, owing to its wide adoption in manufacturing several cultured and engineered stones. Based on the end-user segment, the global cast polymers market is sub-segmented into residential and commercial. The Commercial segment holds the largest share compared to residential, owing to the huge demand for artificial stones from several commercial places such as restaurants, offices, hotels, hospitals, etc.

The market is segmented into North America, Europe, Asia Pacific, South America, and Middle East & Africa based on region. Among the regions, revenue from the Asia-Pacific market is expected to register a major revenue share in the global cast polymers market due to rapid growth, development in industrial sectors, and demand for cultured stone in several residential and commercial applications.

The research report on the global cast polymer market includes profiles of some of the major companies such as:

• DuPont de Nemours, Inc.
• Lotte Chemical Corporation
• Hyundai L&C Corporation
• LG Hausys, Ltd.
• Caesarstone Ltd.
• Breton Spa
• Bradley Corporation
• Aristech Surfaces LLC
• Wilsonart LLC
• Guangzhou Gelandy New Material Co., Ltd.
• The R J Marshall Company
• Cosentino Group
• Others

Global Cast Polymers Market Segmentation based on Product Type, Material, End-Use, and Region:

Based on Product Type

• Solid Surface
• Engineered Stone
• Cultured Marble
• Other Product Types

Based on Material

• Calcium Carbonate
• Aluminum Trihydrate
• Resins
• Other Materials

Based on End-Use

• Residential
• Commercial

Based on Region

• North America
• Europe
• Asia-Pacific
• South America
• Middle East & Africa

For the Cast Polymer Market research study, the following years have been considered to estimate the market size: