Press Release

Global demand for cast polymers is projected to increase 8.7 percent annually through 2014

August 31st, 2010

Global Information Inc. presents a new market research report, "World Solid Surface & Other Cast Polymers" by Freedonia Group.

Worldwide demand for cast polymers is projected to increase nearly nine percent annually to more than 250 million square meters in 2014. Advances will be aided by the recovery of new housing construction in the US and much of Western Europe, as well as in Australia, Japan and South Korea, from low 2009 bases. Additionally, countries such as Brazil, China and India have been building large volumes of modern housing units and nonresidential facilities each year to accommodate the needs of their growing populations and because of ongoing economic development. Cast polymers benefit from a high level of durability, low maintenance requirements and the ability to be cast in virtually any shape.

Market penetration of cast polymers varies on a local and regional basis, generally depending on the relative wealth of local consumers and their style preferences, as well as the level of industrialization and the availability of materials. In 2009, solid surface accounted for approximately two-thirds of global cast polymer sales. Approximately threequarters of solid surface materials were sold in the Asia/Pacific region, where they are low-cost options. Engineered stone is forecast to achieve the most rapid gains through 2014, albeit from a much smaller base. Less expensive but less durable gel-coated composites are forecast to see more modest gains through 2014.

This study analyzes the world cast polymer industry, with forecasts for 2014 and 2019 by product (solid surface materials, engineered stone, gel-coated composites), application (e.g., residential countertops, nonresidential countertops, sinks), world region and for 18 countries.

The study also considers market environment factors, details industry structure, evaluates company market share and profiles 38 industry players.

Global Information Inc.(GII) - specializing in market research provision for the vertical industries, GII offers expert independent recommendations of publications from hundreds of the globe's leading market research firms.

Product Code : 126320