Solid Surface & Other Cast Polymers Market Size, Share, Growth, and Industry Analysis by Type (Solid Surface, Engineered Stone and Engineered Composites) By Application (Kitchen Countertops, Facades, Flooring, Bathroom and Other), Regional Insights, and Forecast From 2023 To 2031

Updated On: 22 April 2024

Solid Surface & Other Cast Polymers Market Report Overview

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The global solid surface & other cast polymers market size was USD 28140 million in 2022 & the market is expected to reach USD 50016 million in 2031, exhibiting a CAGR of 6.6% during the forecast period.

The industry that deals with the manufacture and distribution of solid surface materials and other cast polymer goods is known as the "solid surface and other cast polymers market." Synthetic materials known as solid surface materials are utilized in a variety of products, such as furniture, wall cladding, sinks, vanity tops, and worktops. Resins, fillers, and colors are mixed to create these materials, which are then cast into molds and allowed to cure to produce solid sheets.

In addition to solid surface materials, other cast polymers are used to create items like engineered stone, cultured marble, and engineered quartz. These products are likewise produced by mixing resins, fillers, and additives, and they are frequently utilized in architectural, interior design, and building projects.

COVID-19 Impact: Supply Chain Disruptions to Limit the Market Demands

The pandemic caused a severe delay in the building and renovation industries, which are big users of solid surface and cast polymer goods. Lockdowns, supply chain interruptions, and economic uncertainty caused several building projects to be postponed or abandoned. As a result, there was a decline in the market for solid surface materials. The pandemic disrupted global supply chains, which had an impact on the supply of raw materials and components needed to produce solid surface and cast polymer goods. International trade restrictions, temporary manufacturing closures, and transportation issues led to supply shortages and delays, which had a further negative effect on the market.

LATEST TRENDS

"Environmental Awareness to Augment the Market Growth"

An increasing focus on sustainability and environmental awareness has been observed in the sector. By adding recycled content, cutting production energy use, and applying green manufacturing techniques, manufacturers are placing more and more emphasis on the creation of ecologically friendly products. Architects, designers, and end users may build distinctive and visually beautiful places with solid surface and other cast polymers because they give design freedom and customization choices. Their success in the building and interior design industries has been attributed to their capacity to create curved or seamless shapes as well as the availability of a broad selection of colors, textures, and patterns.

Solid Surface & Other Cast Polymers Market Segmentation

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• By Type Analysis

By type, market is segmented into solid surface, engineered stone and engineered composites. The solid surface type segment will dominate the market in the coming years.

• By Application Analysis

Based on applications, the market is classified into kitchen countertops, facades, flooring, bathroom and other. The kitchen countertops segment will lead the global share through 2031.

DRIVING FACTORS

"Increasing Construction and Infrastructure Development to Push the Market"

Demand for items made of solid surface and cast polymer is significantly influenced by the construction sector. Vanity tops, wall cladding, countertops, and bathroom fittings are just a few of the uses for these materials that are often employed in residential, commercial, and industrial building projects. The demand for these items is anticipated to increase as urbanization and infrastructure development proceed across the world. Over conventional materials like real stone, wood, and metals, solid surface and cast polymers provide a number of benefits. They may be easily incorporated, are non-porous, and are stain and odor resistant. They also provide design adaptability, enabling personalization and a variety of hues and textures. Due to these qualities, they are favored options for architectural and interior design projects.

"Rising Consumer Preference for Aesthetically Pleasing Interiors to Boost the Market Demands"

In healthcare institutions such hospitals, clinics, labs, and pharmaceutical production facilities, cast polymer and solid surface materials are often used. They are employed in a variety of settings, including sinks, work surfaces, countertops, and wall claddings. These materials are prized for their sanitary qualities, simplicity of maintenance, and resistance to chemicals and germs, making them perfect for healthcare situations. With an emphasis on current and contemporary designs, consumers are increasingly favoring visually beautiful homes. Products made of solid surface and cast polymer enable for design versatility, enabling architects and interior designers to create rooms that are visually appealing. These materials are widely sought-after in both residential and commercial settings because to their smooth installation capabilities, distinctive designs, and brilliant colors.

RESTRAINING FACTORS

"Competition from Alternative Materials to Slow the Market Growth "

Solid surface and other cast polymer materials sometimes come with substantial upfront costs for both installation and manufacture. When compared to other materials like laminate or genuine stone, these goods may be rather pricey as a result. Particularly in price-sensitive economies, the cost problem may prevent solid surface materials from being widely used. Alternative materials, including wood, engineered stone, natural stone, ceramic tiles, and solid surface, compete with cast polymer goods like solid surface. The development of the market for solid surface products may be hampered by the possibility that these substitutes provide different performance or aesthetic options.

Solid Surface & Other Cast Polymers Market REGIONAL INSIGHTS

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"North American Market to Grow Exponentially with the Forecasted Period"

For the market for solid surfaces and other cast polymers, North America is one of the key areas. The demand from the building and remodeling industries makes the United States a significant user of solid surface materials. Solid surface materials are being used more often in commercial applications including healthcare, hospitality, and retail, which is another factor supporting the industry.

KEY INDUSTRY PLAYERS

"Key Players Focus on Partnerships to Gain a Competitive Advantage "

Prominent market players are making collaborative efforts by partnering with other companies to stay ahead in the competition. Many companies are also investing in new product launches to expand their product portfolio. Mergers and acquisitions are also among the key strategies used by players to expand their product portfolio.

List of Market Players Profiled

• Cosentino (Spain)
• DuPont (U.S.)
• Caesarstone (Israel)
• Cambria (U.S.)
• Compac (Spain)
• VICOSTONE (Vietnam)
• Santa Margherita (Italy)
• Hanwha L&C (South Korea)
• LG Hausys (South Korea)
• Lotte Advanced Materials (South Korea)
• Wilsonart Engineered Surfaces (U.S.)
• Formica (U.S.)
• Cimstone (Turkey)
• Kuraray (Japan)
• Diresco (Belgium)
• Aristech Surfaces (U.S.)
• Agglonord (France)
• Stone Italiana (Italy)
• Technistone (Czech Republic)
• EOS Surfaces (U.S.)
• California Crafted Marble (U.S.)
• Central Marble Products (U.S.)
• US Marble (U.S.)
• Lehigh Surfaces (U.S.)
• Aurora Stone (U.S.)
• AGCO (U.S.)
• Chuanqi Compound Stone (China)
• Bitto (China)
• CXUN (China)
• MEGANITE (U.S.)

REPORT COVERAGE

The market research study examines the worldwide market in detail, focusing on important elements such as leading players, product/services or type, and leading end-use applications. Aside from that, the research analyses major advancements and provides insights into lighting market trends. In addition to the causes indicated above, the paper includes a number of other factors that have contributed to recent growth.