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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