Engineered Stone Market by Product (Blocks & Slabs, Tiles), Type (Engineered Marble, Quartz), Application - Global Forecast 2024-2030

Engineered Stone Market by Product (Blocks & Slabs, Tiles), Type (Engineered Marble, Quartz), Application - Global Forecast 2024-2030

The Engineered Stone Market size was estimated at USD 25.16 billion in 2023 and expected to reach USD 26.98 billion in 2024, at a CAGR 7.57% to reach USD 41.95 billion by 2030.

Engineered stone is primarily a composite material made of crushed stone fixed together by an adhesive to create a solid surface, and they include polymer concrete, engineered quartz, and engineered marble stone. This stone has all the properties of solid stone, such as fire resistance and strength, with improved durability. Engineered stone has been primarily used in kitchen tops and bathroom countertops and has currently been used across modern interior projects. The availability of a diverse range of engineered stones through online channels has expanded their commercialization further. However, the quality limitations of engineered stones and the health & environmental impacts of engineered stones significantly impact their utilization. Market players have been focusing on introducing high-performing, sustainably engineered stone to expand their product presence. A growing number of green building & construction initiatives worldwide has also elevated the production of bio-based engineered stone. The quartz and other minerals used to make premanufactured countertops are mostly waste by-products, and some manufacturers use organic resins from non-food vegetable oils.

Regional Insights

The Asia-Pacific engineered stone market is growing, driven by the availability of abundant materials for production and the increasing number of stone flooring manufacturing facilities. There is an increasing establishment of cafes in China, South Korea, Japan, and Thailand, seeking high-quality and durable kitchen tops. There is strong demand for engineered stone products in the bathroom as it replaces materials such as acrylic and porcelain. The EMEA is also home to some of the major engineered stone markers, with demand for products for their increasing building construction projects. The region is shifting to green building with the help of government initiatives, accelerating the need for green building materials, including engineered stone. Many European companies have a diverse base of customers in Spain, France, the UK, and Italy. The Americas observes a rising number of modern interior design projects requiring innovative and creative flooring and tiling solutions.

FPNV Positioning Matrix

The FPNV Positioning Matrix is pivotal in evaluating the Engineered Stone Market. It offers a comprehensive assessment of vendors, examining key metrics related to Business Strategy and Product Satisfaction. This in-depth analysis empowers users to make well-informed decisions aligned with their requirements. Based on the evaluation, the vendors are then categorized into four distinct quadrants representing varying levels of success: Forefront (F), Pathfinder (P), Niche (N), or Vital (V).

Market Share Analysis

The Market Share Analysis is a comprehensive tool that provides an insightful and in-depth examination of the current state of vendors in the Engineered Stone Market. By meticulously comparing and analyzing vendor contributions in terms of overall revenue, customer base, and other key metrics, we can offer companies a greater understanding of their performance and the challenges they face when competing for market share. Additionally, this analysis provides valuable insights into the competitive nature of the sector, including factors such as accumulation, fragmentation dominance, and amalgamation traits observed over the base year period studied. With this expanded level of detail, vendors can make more informed decisions and devise effective strategies to gain a competitive edge in the market.

Key Company Profiles

The report delves into recent significant developments in the Engineered Stone Market, highlighting leading vendors and their innovative profiles. These include A.St.A. WORLD-WIDE, Aristech Acrylics LLC, Baba Quartz, Belenco, Caesarstone Ltd., Compac, Cosentino, S.A., Diresco nv, E I DuPont India Pvt Ltd, Eurosurfaces Portugal, S.A., Guangdong Overland Ceramics Co., Ltd., H & R Johnson By Prism Johnson Limited, Haique, Johnson Marble & Quartz, L X Hausys, Quartzforms, Staron, Stone Italiana S. P. A., Stone World, Technistone A.S., Technistone, S.R.O., Vicostone, and Virginia Marble Manufacturers, Inc..

Market Segmentation & Coverage

This research report categorizes the Engineered Stone Market to forecast the revenues and analyze trends in each of the following sub-markets:

Product
Blocks & Slabs

Tiles
Type
Engineered Marble

Quartz
Application
Countertops

Flooring
Region
Americas
Argentina
Brazil
Canada
Mexico
United States
California
Florida
Illinois
New York
Ohio
Pennsylvania
Texas

Asia-Pacific
Australia
China
India
Indonesia
Japan
Malaysia
Philippines
Singapore
South Korea
Taiwan
Thailand
Vietnam

Europe, Middle East & Africa
Denmark
Egypt
Finland
France
Germany
Israel
Italy
Netherlands
Nigeria
Norway
Poland
Qatar
Russia
Saudi Arabia
South Africa
Spain
Sweden
Switzerland
Turkey
United Arab Emirates
United Kingdom

The report offers valuable insights on the following aspects:

1. Market Penetration: It presents comprehensive information on the market provided by key players.
2. Market Development: It delves deep into lucrative emerging markets and analyzes the penetration across mature market segments.
3. Market Diversification: It provides detailed information on new product launches, untapped geographic regions, recent developments, and investments.
4. Competitive Assessment & Intelligence: It conducts an exhaustive assessment of market shares, strategies, products, certifications, regulatory approvals, patent landscape, and manufacturing capabilities of the leading players.
5. Product Development & Innovation: It offers intelligent insights on future technologies, R&D activities, and breakthrough product developments.

The report addresses key questions such as:

1. What is the market size and forecast of the Engineered Stone Market?
2. Which products, segments, applications, and areas should one consider investing in over the forecast period in the Engineered Stone Market?
3. What are the technology trends and regulatory frameworks in the Engineered Stone Market?
4. What is the market share of the leading vendors in the Engineered Stone Market?
5. Which modes and strategic moves are suitable for entering the Engineered Stone Market?PDF E-mail From Publisher (2-5)Users License