1. Market Research
  2. > Materials Market Trends
  3. > World Solid Surface & Other Cast Polymers Industry

World Solid Surface & Other Cast Polymers Industry

  • October 2015
  • -
  • Freedonia
  • -
  • 390 pages

Summary

Table of Contents

Study coverage

This report presents historical demand data (2004, 2009 and 2014) plus forecasts (2019 and 2024) by type and application for six world regions and 18 major countries. The study also considers market environment factors, details industry structure, evaluates company market share and profiles 41 global industry players.

World demand to rise 6.6% annually through 2019

Worldwide demand for cast polymers is forecast to increase 6.6 percent per year to 246 million square meters in 2019. Cast polymers are predominantly used in the production of various items installed in buildings, such as countertops, sinks, shower surrounds, shower pans, flooring, and wall cladding. Rising populations and ongoing economic advances throughout much of the world will continue to create the need for large numbers of modern housing units and nonresidential facilities, providing opportunities for surface materials such as cast polymers.

In addition to the favorable macroeconomic trends, cast polymers will benefit from increased market penetration throughout the world in many applications. For example, engineered stone is not only the fastest growing cast polymer in countertops, but also one of the fastest among all countertop surfacing materials. Increases in personal incomes will also provide opportunities, as individuals may have the money to upgrade to moderate to high priced surfacing materials such as solid surface and engineered stone.

Engineered stone to be fastest growing product

Solid surface accounted for 56 percent of worldwide cast polymer sales in 2014. Roughly two-thirds of solid surface materials were sold in the Asia/Pacific region, where they are generally low-cost options. Engineered stone (e.g., engineered quartz and engineered marble) accounted for the second largest share -- roughly 30 percent -- of cast polymer demand in 2014, up from 19 percent in 2004, when it comprised the smallest share. Intense marketing strategies (such as in Australia) highlighting engineered stone’s advantages over natural stone and China’s rapidly increasing output of relatively low-cost versions have promoted its use across the world. Engineered stone is expected to achieve the fastest gains of all cast polymers through 2019. Less expensive, but less durable gel-coated composites, including cultured marble, cultured onyx, and cultured granite, are projected to see more modest gains through 2019.

China, India to offer best market opportunities

The Asia/Pacific region was the largest market for cast polymers in 2014, representing roughly 60 percent of total global demand, up from 38 percent in 2004. An increase in domestic consumption of cast polymer products such as engineered stone flooring has stimulated production of these items in the region. In addition, the region has several low cost manufacturing countries, conducive to the production of cast polymer products that are easily transported across the globe, such as shower pans. Advances for cast polymers in the Asia/Pacific region will be propelled by the continuing development of the large Chinese market, which will register over half of additional world demand through 2019. China’s cast polymer industry continues to expand rapidly, and includes a number of companies that have developed their own versions of engineered stone that sell at a discount over imported versions. India is also expected to see strong gains as it continues to develop its housing and nonresidential sectors, promoting the domestic production of various building products such as countertops and sinks. India, for example, has increased its production of engineered stone sinks sixfold over the 2004 to 2014 period, designated for both the export and domestic markets.

Get Industry Insights. Simply.

  • Latest reports & slideshows with insights from top research analysts
  • 60 Million searchable statistics with tables, figures & datasets
  • More than 25,000 trusted sources
Get This Report
24/7 Customer Support

Talk to Ahmad

+1 718 618 4302

Purchase Reports From Reputable Market Research Publishers
World Household and Sanitary Paper Product Market to 2021 - Market Size, Development, and Forecasts

World Household and Sanitary Paper Product Market to 2021 - Market Size, Development, and Forecasts

  • $ 24991
  • Industry report
  • January 2017
  • by Global Research & Data Services

The report package World Household and Sanitary Paper Product Market to 2021 - Market Size, Development, and Forecasts offers the most up-to-date industry data on the actual market situation, and future ...

Household and Sanitary Paper Product Market in Europe to 2021 - Market Size, Development, and Forecasts

Household and Sanitary Paper Product Market in Europe to 2021 - Market Size, Development, and Forecasts

  • $ 12223
  • Industry report
  • January 2017
  • by Global Research & Data Services

The report package Household and Sanitary Paper Product Market in Europe to 2021 - Market Size, Development, and Forecasts offers the most up-to-date industry data on the actual market situation, and future ...

Bedroom Textiles, 2017

Bedroom Textiles, 2017

  • $ 8600
  • Industry report
  • March 2017
  • by GlobalData

Bedroom Textiles, 2017 Summary Bedroom textiles market of United Kingdom is estimated to be worth £1,617.4m in 2017. Over the next five years, the size of the bedroom textiles market is expected to increase ...


Download Unlimited Documents from Trusted Public Sources

Metals Industry in China - Forecast

  • April 2017
    6 pages
  • Metals  

    Platinum  

    Precious Metal  

  • China  

    France  

View report >

Glass Forecast Statistics in the US

  • April 2017
    6 pages
  • Glass  

  • United States  

View report >

Metals Supply

  • April 2017
    4 pages
  • Nickel  

    Copper  

    Non-Ferrous Met...  

View report >

Gold Industry

5 days ago

ref:plp2015

Reportlinker.com © Copyright 2017. All rights reserved.

ReportLinker simplifies how Analysts and Decision Makers get industry data for their business.