The Cast Polymers Market is expected to grow at > 5.7% during 2020-2025, according to a report from Stratview Research.
COVID-19 pandemic – Boon or a Curse to the industry?
The outbreak of COVID-19 has severely impacted several industries across the world. Tough government measures such as lockdown of major economies, has pressed the ‘pause button’ for most of the industries. For most of the industries, the revenue has gone down in 2020 and has resumed an uptrend gradually from 2021.
Key insights on Cast Polymers Market
Cast Polymers Market is likely to witness an impressive CAGR of 5.7% during the forecast period. The major driving factor contributing to the demand for cast polymers is the growth in sports and textile & apparel, which in turn, is driven by the increasing health awareness in consumers, varying lifestyle, and growing fitness activities.
Asia-Pacific is estimated to be the fastest-growing cast polymers market during the forecast period, with rapid industrialization in the region and rise in demand for cast polymers from non-residential units such as corporate offices, public toilets, malls and shopping complexes, hospitals, and schools, driving the market. China and India are the key growth engines of the market. North America and Europe are also expected to offer substantial growth opportunities during the forecast period.
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Market Scope & Market Segmentation
Cast Polymers Market Share: By Type
Based on the type, the market is segmented as solid surface, engineered stone, and cultured marble. The solid surface segment is expected to govern the market owing to its wide use of solid surface products in kitchen and bathroom applications.
Cast Polymers Market Share: By Material Type
Based on the material type, the cast polymers market is segmented as alumina trihydrate, calcium carbonate, resin, natural stone/quartz, and others. The alumina trihydrate segment dominates the market, on account of its excellent properties such as such as high durability and scratch resistance.
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Which key questions will this report answer?
This market research report focuses to deliver relevant information regarding the market trends, structure and growth during the forecast period of 2020-2025. It also offers insights into different market segments and other factors affecting the market.
Some of the key questions answered by the report are:
Stratview Research’s reports are generated after accumulating data from various authenticated sources. > 10 primary interviews with industry experts are conducted by us for every report. Insights gained from primary interviews, in-depth analysis of company statements and annual reports, accompanied by a number of articles, whitepapers, and reports help us to connect the dots and triangulate the market in the most effective manner.
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