Corian Acrylic Solid Surface Market Segmentation:
Application (Kitchen, Flooring, Bathroom, Furniture, Wall Surfaces, Transportation)
The global Corian acrylic solid surface market is segmented and analyzed for demand and supply by application into the kitchen, flooring, bathroom, furniture, wall surfaces, transportation, and others. Out of these segments, the flooring segment is estimated to gain the largest market share of about 32% in the year 2035. The primary factor for segment growth is the rising need for renovating floors over some time. Also, with the rising disposable income and spending capacity, people are focusing on the adoption of high-quality materials for the flooring to make them last longer. Moreover, as Corian acrylic solid surface is good for a smooth, clean, hard, and attractive surface to the floors and along with its cost-effectiveness, Corian acrylic solid surface is considered to be a preferred option over others. All these factors add up to positively contribute to segment growth.
End-user (Households, Hotels, Hospitals)
The global Corian acrylic solid surface market is also segmented and analyzed for demand and supply by end-user into households, hotels, hospitals, and others. Amongst these segments, the household segment is expected to garner a significant share of around 42% in the year 2035. The growth of the segment is attributed to growing residential construction activities in developed as well as emerging economies such as China, India, Brazil, and South Korea, along with rapidly increasing urbanization which generates a high demand for household construction. The United States Census Bureau stated that there were around 142,153,010 housing units in the U.S. as of June 2021. Also, the advantages of using Corian acrylic solid surface make it applicable for every nook and corner of a house; kitchen, bathroom, wall surfaces, furniture, and floors. This factor is anticipated to fuel segment growth during the forecast period.
Our in-depth analysis of the global market includes the following segments:
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