Cast Polymers Market Anticipates To Grow At A CAGR Of 7.19%
Asia-Pacific is the dominating region for cast polymer market, owing to the higher consumption of this material in household appliances in this region. The growth in the APAC region can be attributed to the rapid industrialization in major countries of China and India, and other manufacturing industries influencing the demand for cast polymers. The market is likely to grow in the future owing to the presence of numerous players that develop engineering stone and increase cast polymer industries in the region. Alumina Trihydrate used for producing cast polymers, credited a revenue of $1160.08 million in 2017 and it is forecast to reach $1807.81 million by 2023 at a CAGR of 7.75% from 2018-2023. This material enhances the fire resistance and flame retarding properties of the cast polymer products. Increasing demand for fire resistant cast polymers is set to drive the alumina trihydrate market during the forecast period. Calcium carbonate is the major ingredient of Cast polymer is...