Solid Surface Materials Market Is Expected to Thrive at a CAGR of 5.4% Forecast period 2021-2031

 Solid Surface Materials Market: Introduction

Transparency Market Research delivers key insights on the global solid surface materials market. In terms of revenue, the global solid surface materials market is estimated to expand at a CAGR of 5.4% during the forecast period, owing to numerous factors, regarding which TMR offers thorough insights and forecast in its report on the global solid surface materials market.
The global solid surface materials market is broadly affected by several factors, including increase in usage of solid surface material in various applications such as kitchen or bath countertops, flooring, bathroom & shower stall dividers, and furniture. The expansion of the residential sector has led to a significant growth in the usage of solid surface materials. Increase in demand and use of solid surface materials in residential building construction is expected to be the primary driver of the global solid surface materials market. Rise in demand for kitchen or bath countertops and flooring is also propelling the solid surface materials market.

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Solid Surface Materials Market: Dynamics

Solid surface is made of acrylic resin, polyester resin, or a combination of the two. It is then combined with filler, color pigments, and acrylic chips. It can be readily cut, routed, and sanded akin to wood and formed into countertops, shower walls, external cladding for buildings, signage, and furniture where non-porosity and infrequent maintenance are highly valued.
The global construction industry is expected to expand considerably during the forecast period. Thus, rise in use of kitchen and bathroom countertops is projected to boost the demand for solid surface materials during the forecast period.
Manufacturers are focusing on the kitchen or bath countertops segment, as the share held by this segment in the solid surface materials market is likely to increase during the forecast period.

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Solid Surface Materials Market: Prominent Regions

Europe holds major share of the global solid surface materials market. The market in the region is anticipated to expand at a CAGR of more than 5.1% during the forecast period. The increase in demand for solid surface materials in various application such of kitchen and bathroom countertop is driving the solid surface materials market in Europe. Germany is a key country of the solid surface materials market in Europe. It held significant share of the solid surface materials market in Europe in 2020. The country is estimated to maintain its dominant position in the region during the forecast period.
Asia Pacific is also a prominent region of the global solid surface materials market. China led the solid surface materials market in Asia Pacific in 2020. The increase in demand solid surface materials in kitchen and bathroom countertops is driving the market in China.

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Solid Surface Materials Market: Major Players

The global solid surface materials market is consolidated with the presence of key players. Prominent players operating in the global solid surface materials market include DuPont de Nemours, Inc, Wilsonart LLC, Stylam Industries Ltd, Solyx (Neospar Concepts), Plex Enterprise LLP, ARISTECH SURFACES LLC, PolyStone (ACS International Products LP), Richelieu Inc., Swan, Formica Corporation, Huber Engineered Materials, Bradley Corporation, and The REHAU Group.

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