Market Size of Cast Polymer Industry
Study Period | 2019 - 2029 |
Base Year For Estimation | 2023 |
CAGR | > 5.00 % |
Fastest Growing Market | Asia Pacific |
Largest Market | Asia Pacific |
Market Concentration | High |
Major Players*Disclaimer: Major Players sorted in no particular order |
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Cast Polymer Market Analysis
The cast polymer market is expected to grow at a CAGR of over 5% during the forecast period. One of the main factors driving the market is growing demand of cast polymers from construction industry. However, high manufacturing and production cost of cast polymers expected to hinder the growth of the market studied.
Increasing demand from polymer casting of fiber glass reinforced plastics is likely to act as an opportunity for the marke studied in the coming years.
By application, cast polymer from construction and metal refining is expected to dominate the market over the forecast period.
Asia-Pacific region is expected to dominate the market with the largest consumption from countries, such as India and China.