Cast Polymers Market size was over USD 12.69 billion in 2024 and is poised to exceed USD 26.09 billion by 2037, growing at over 5.7% CAGR during the forecast period i.e., between 2025-2037. In the year 2025, the industry size of cast polymers is evaluated at USD 13.27 billion. The reason behind the growth is due to the growing spending in the construction sector across the globe, leading to increasing development of residential and commercial settings which is expected to fuel the demand for construction materials such as cast polymers.
Construction spending is predicted to reach around USD 17 trillion globally by 2030, with the US, China, and India leading the way and contributing over 55% of the growth in this sector.
The growing popularity of aesthetically pleasing interiors is believed to fuel the market growth. This could be significant among the GenZ population. Hence, with the surging Generation Z population the demand for cast polymers is growing since it offers aesthetic appeal. As a result, the revenue for the cast polymers market is set to rise.
Growth Drivers
Challenges
Base Year |
2024 |
Forecast Year |
2025-2037 |
CAGR |
5.7% |
Base Year Market Size (2024) |
USD 12.69 billion |
Forecast Year Market Size (2037) |
USD 26.09 billion |
Regional Scope |
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End-User (Residential, Commercial, Industrial)
The residential segment in the cast polymers market is set to garner a notable share of about 50% over the forecast period. Products made of cast polymer are mostly utilized in residential settings, as the majority of the rise in demand for cast polymers is attributed to home remodeling projects, as they can be molded into surfaces for sinks, shower walls, bathtubs, and even window sills and are less prone to damage and discoloration than natural marble and stone. Therefore, with the rising segment growth, the cast polymer market is also predicted to increase.
Besides this, the demand for cast polymer materials used in commercial construction, including public utilities such as schools, hospitals, and transit facilities, is rising globally. Cast polymer products are easy to maintain and available in a range of colors and styles, which makes them the best option for large hotel chains and stores.
Application (Countertops, Vanity Tops, Sinks and Basins, Shower Pans and Walls, Tub Surrounds)
The countertops segment is estimated to account for 32% share of the global cast polymers market by 2037 impelled by the increasing number of houses. This growth of the segment is set to be encouraged by the rising number of residential houses. For instance, according to estimates, in 2021, more than 302 million homes were in India. However, every new home requires kitchen and bathroom surfaces which are expected to boost the demand for a countertop that is also referred to as a bunker, counter, benchtop, worktop, or kitchen bench.
These countertops are often made from cast polymers such as cultured marble, onyx, and solid surfaces, which are self-structural resist breaking, and are simple to maintain.
Moreover, cultured marble vanity tops provide a smooth, multipurpose look and cost less than granite. They are one of the most fashionable countertop options, which is highly recommended by both interior designers and homeowners. Besides this, onyx is one of the priciest natural stone countertops and is a popular choice for homeowners seeking a material that resembles marble. Hence, owing to the growing availability of different materials and rising preference for them the segment is predicted to experience a rise. As a result, the market is also projected to rise.
Material (Alumina Trihydrate, Calcium Carbonate, Resins, Natural Stone)
The alumina trihydrate segment is anticipated to gain a noteworthy market share during the forecast timeframe. Cast polymers are composed of several types of polymeric ingredients, including alumina trihydrate, which is the most commonly used flame retardant in the world. It is an odorless, inert filler powder that comes in various uncoated and coated grades and is mostly used to increase the weight and lessen the shrinkage of cast polymer products.
Type (Solid Surface, Engineered Stone, Cultured Marble)
The engineered stone segment in the cast polymers market is poised to gain a remarkable revenue share. Engineered stone is made by combining natural stone components with polymer casting resins, which are the most durable cast polymer products that possess excellent stain and scratch resistance, low thermal expansion, and strong heat resistance.
Additionally, a solid surface is a synthetic substance that can be designed to resemble actual granite and is frequently employed in the production of goods, including kitchen countertops.
Our in-depth analysis of the global market includes the following segments:
Material |
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Type |
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End-User |
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Application |
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APAC Market Forecast
Driven by increasing industrial activity, the cast polymer market in Asia Pacific is expected to hold the biggest share of 47% by 2037. India's economy is already the fastest-growing in the world, and it is seeing the fastest pace of industrial production growth within the region.
Additionally, China's industrial activities grew more quickly than anticipated since the country increased its industrial production in October 2023, by more than 4%. For instance, in September 2023, India's industrial production grew by over 5% compared to the same month the previous year.
North American Market Statistics
The North American cast polymers market is estimated to be the second largest during the forecast timeframe, led by the increasing focus on eco-friendly solutions. Companies in the region are facing increasing pressure to behave in a more socially and environmentally responsible manner, as a result of which more businesses are considering environmental friendliness as a key goal for their operations and strategies to boost growth and global competitiveness and improve operational effectiveness by cutting expenditures and waste.
Author Credits: Rajrani Baghel
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