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Cast polymers are made up of different polymeric substances and are available in various types. The total market revenue of cast polymers by types which include composites and cultures stones was estimated to be $7930.6 million in 2017 and is anticipated to grow at a CAGR of 7.19% during the forecast period 2018-23. The increase in population across the globe and advances in economy has led to the use of modern housing appliances thereby boosting the demand for cast polymer. However, the cast polymer market is dominant in APAC region due to rapid industrialization and growth in manufacturing industries which involve the use of cast polymers. The engineered composites generated over $2518.24 million in revenues in 2017 and is anticipated to further grow at a CAGR of 7.0% during the forecast period 2018-23
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Asia-Pacific leading with major share in the Cast Polymers Market: Asia-Pacific is the dominating region for Cast polymer 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. . Contact : sales@industryarc.com
Selected Regulatory Analysis Done in the Full Report: Alumina Trihydrate used for producing cast polymers, credited a revenue of $1160.08 million in 2017 and it is forecast to reach $1807.81 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. Contact : sales@industryarc.com
Selected Driving Factors Mentioned in the Full Report: Contact : sales@industryarc.com
Key Players of the Cast Polymers Market Caesarstone Sdot-Yam US Marble Inc. Bardley Corporation KingKonree International Surface Industrial Co. CORITEC Du Pont de Nemours and Company (U.S) Download Sample Report Contact : sales@industryarc.com
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