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Research Nester published a report titled “ Corian Acrylic Solid Surface Market : Global Demand Analysis & Opportunity Outlook 2030 ” which delivers detailed overview of theglobalCorian acrylic solid surface market in terms of market segmentation by type, end user, and by region.
Further, for the in-depth analysis, the report encompasses the industry growth indicators, restraints, supply and demand risk, along with detailed discussion on current and future market trends that are associated with the growth of the market.
The global Corian acrylic solid surface market is estimated to occupy a hefty amount of revenue by growing at a CAGR of ~3% during the forecast period, i.e., 2022 – 2030, owing to the growing investments by companies for developing premium quality acrylic solid surface for benchtops and countertops. Apart from these, rising construction and infrastructural activities, and upsurge in number of smart city projects are also expected to significantly drive market growth in the forthcoming years.
The market is segmented by type, and end user. Based on type, the casting molding solid surface segment is anticipated to occupy the largest share during the forecast period on the back of excellent superior efficiency and capital intensiveness of this type of acrylic solid surface. Additionally, by end user, the households segment is projected to gather the largest share over the forecast period attributing to the growing utilization of the product as a countertop in home kitchens and bathrooms as a result of their high durability, ease of maintenance and cost-effectiveness worldwide.
Geographically, the global Corian acrylic solid surface market is segmented into five major regions, namely North America, Europe, Latin America, Asia Pacific, and the Middle East & Africa. Asia Pacific region is evaluated to grab the largest share in the market during the forecast period attributing to the growing number of construction projects, especially in India and China, and high manufacturing throughput. Moreover, the market in North America is assessed to grab a notable share in the forecast period owing to the growing research and development activities regarding the development of Corian solid surface in the region.
The research is global in nature and covers detailed analysis on the market in North America (U.S., Canada), Europe (U.K., Germany, France, Italy, Spain, Hungary, Belgium, Netherlands & Luxembourg, NORDIC [Finland, Sweden, Norway, Denmark], Poland, Turkey, Russia, Rest of Europe), Latin America (Brazil, Mexico, Argentina, Rest of Latin America), Asia-Pacific (China, India, Japan, South Korea, Indonesia, Singapore, Malaysia, Australia, New Zealand, Rest of Asia-Pacific), Middle East and Africa (Israel, GCC [Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman], North Africa, South Africa, Rest of Middle East and Africa). In addition, analysis comprising market size, Y-O-Y growth & opportunity analysis, market players' competitive study, investment opportunities, demand for future outlook etc. has also been covered and displayed in the research report.
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Growing Construction and Infrastructure Activities Worldwide to Drive Market Growth
Over the last two decades, the number of construction and infrastructural activities across the globe has witnessed a notable hike. As a result, there is a high requirement to develop premium quality solutions for residential and commercial complexes with high durability, stain resistance and attractiveness, which in turn is predicted to drive significant growth to the market in the near future.
However, less usage of the product in lower economic regions is expected to operate as key restraint to the growth of the global Corian acrylic solid surface market over the forecast period.
This report also provides the existing competitive scenario of some of the key players of the global Corian acrylic solid surface market which includes company profiling of DuPont de Nemours, Inc., SYSTEMPOOL S.A., Lion Chemtech Co., Ltd., LX Hausys, Ltd., LOTTE Chemical Corporation, Hanwha Group, Relang International, LLC, ARISTECH SURFACES LLC, American Bath Group, Monerte Surfaces Materials, and others. The profiling enfolds key information of the companies which encompasses business overview, products and services, key financials and recent news and developments. On the whole, the report depicts detailed overview of the global Corian acrylic solid surface market that will help industry consultants, equipment manufacturers, existing players searching for expansion opportunities, new players searching possibilities and other stakeholders to align their market centric strategies according to the ongoing and expected trends in the future.
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