The Quartz Engineered Stone Market on a global scale reached a size of USD 22.65 Billion in 2021 and is anticipated to maintain a consistent Compound Annual Growth Rate (CAGR) of 6.2% from 2022 to 2030. In order to balance the high cost of natural stone with its aesthetic appeal, the construction industry has created synthetic alternatives that can be produced in various colors and do not require transportation like their genuine counterparts. By incorporating engineered stone into construction projects, companies in the construction sector can achieve the same visual appeal as natural stone while simultaneously reducing costs. Engineered stone possesses unique advantages such as durability, flexibility, and consistency, making it a practical choice for new construction and renovation endeavors. Furthermore, the surge in residential construction projects globally and the growing popularity of engineered stone kitchen countertops and bathroom vanity tops are expected to drive the growth of the global Quartz Engineered Stone Market. The market revenue growth is also influenced by the rise in disposable incomes in different countries, particularly in developing regions, and the shift in consumer preference towards stylish homes.
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Top Profiled Companies in the Global Quartz Engineered Stone Market Report:
Cosentino, Caesarstone, Hanwha Surfaces, LG Hausys, Samsung Radianz, Compac, Diresco, EKTIO Group, Santa Margherita USA, and Zodiaq.
Major Driving Factors of Quartz Engineered Stone Market
Increasing Demand in Construction Industry: The construction industry is a significant driver for the Quartz Engineered Stone Market. Engineered stone, such as quartz countertops and tiles, is widely used in residential and commercial construction projects due to its durability, aesthetic appeal, and low maintenance requirements.
Growing Preference for Engineered Stone over Natural Stone: Engineered stone offers several advantages over natural stone, including consistent color and pattern, superior strength, resistance to stains and scratches, and easier installation. As a result, many consumers and designers prefer engineered stone, which boosts its demand in various applications.
Rising Awareness about Sustainable Materials: Engineered stone is considered a more sustainable alternative to natural stone in some aspects. It can be manufactured using recycled materials, reducing the environmental impact. With increasing awareness about sustainable practices and materials, the demand for engineered stone has been positively influenced.
Expansion of Distribution Channels: The availability of engineered stone products through various distribution channels, such as online retail platforms and home improvement stores, has increased its accessibility to a broader customer base. This expanded distribution network has played a significant role in driving the market growth.
Key Regional Markets Covered in the Report:
North America (U.S.A., Canada, Mexico)
Europe (Italy, U.K., Germany, France, Rest of Europe)
Asia Pacific (India, China, Japan, South Korea, Australia, Rest of Asia Pacific)
Latin America (Chile, Brazil, Argentina, Peru, Rest of Latin America)
Middle East Africa (Saudi Arabia, U.A.E., South Africa, Rest of Middle East Africa)
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Further market segmentation
Product Type Outlook (Revenue, USD Million; 2019-2030)
- Quartz
- Marble
- Others
Application Outlook (Revenue, USD Million; 2019-2030)
- Kitchen Countertops
- Bathroom Vanity Tops
- Flooring
- Wall Cladding
- Others
Key Takeaways of the Global Quartz Engineered Stone Market Report:
A comprehensive overview of the global Engineered Stone industry.
Accurate market projections in terms of market size, share, and volume.
Thorough study of the global market dynamics, such as major market revenue growth drivers, opportunities, threats, challenges, restraints, and future growth avenues.
Deep-dive analysis of the upcoming market trends.
Qualitative and quantitative analyses of the global Quartz Engineered Stone Market.
Elaborate study of the leading regional markets in the global Quartz Engineered Stone Market.
Complete overview of the markets competitive landscape.
Brief look at the company profiles and portfolios.
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