Global Cast Polymers Market Worth USD 9.99 Billion by 2020 – Rise in Demand for Construction & Remodeling of Existing Housing Units – Research and Markets
Research and Markets has announced the addition of the “Cast Polymers Market – Global Forecast to 2020” report to their offering.
The global cast polymers market is expected to grow at a CAGR of 4.6% between 2015 and 2020.
A key driving factor for the growth of the cast polymers market is the advent of advanced technologies. Several other factors, such as rise in demand for construction and remodeling of existing housing and commercial units are also propelling the growth of the market. The report covers the global cast polymers market segmented on the basis of type, material, end-user industry, and geography.
The market in APAC is expected to grow at the highest CAGR between 2015 and 2020. The growth is attributed to various end-user industries, such as construction of housing units and non-residential buildings in this region. Activities such as business restructuring, new acquisitions, building material innovations, and improvement in energy efficiency are indirectly propelling the usage of cast polymers in the region. The housing segment in countries such as Vietnam, Indonesia, Myanmar, and South East Asia is also expected to grow in coming years, which will have a positive impact on the growth of cast polymers market.
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