Cast Polymers Market Analysis

End-User Segment Analysis

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 Segment Analysis

The countertops segment is estimated to account for 32% share of the global cast polymers market by 2035 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 Segment Analysis

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 Segment Analysis

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: