Engineered Stone Market By Product Type (Blocks and Slabs, Tiles), By Application (Countertops, Flooring, Others): Global Opportunity Analysis and Industry Forecast, 2021-2031

Engineered Stone Market By Product Type (Blocks and Slabs, Tiles), By Application (Countertops, Flooring, Others): Global Opportunity Analysis and Industry Forecast, 2021-2031

The global engineered stone market was valued at $21.1 billion in 2021, and is projected to reach $35.1 billion by 2031, growing at a CAGR of 5.3% from 2022 to 2031.

Engineered stone commonly known as agglomerated stone, is a composite material. Crushed stone is joined together with cement or another adhesive to produce it. Engineered stones such as polymer concrete, engineered quartz, and engineered marble stone are available in the market. Engineered stone can be used to create raised access floors with any system on the market, either by producing panels through lamination with slabs of varying thicknesses or by using slabs of varying thicknesses. Engineered stones can also be used to make skirting, risers, back splashes, door frames, window sills, steps, and other architectural components.

Engineered stones can also be used to make skirting, risers, back splashes, door frames, window sills, steps, and other architectural components. Engineered Stone can be used to create raised access floors with any system on the market, either by producing panels through lamination with slabs of varying thicknesses or by using slabs of varying thicknesses.

On the basis of accurate designs or with the help of custom-cut forms, kitchen countertops and shelves of any size and shape can be manufactured; they can also be coated against stains using specific solutions. Engineered stones have also been used successfully in the field of furnishing accessories; the material is suitable for various applications, such as tabletops and fireplace coverings.

Using engineered stone in the production of semi-finished goods with special specifications, such as steps for use in self-supporting stairways, which are made from two laminated slabs with fiber glass mesh in between, is of particular importance (these slabs can then be polished on both sides) This process produces structural parts with extraordinarily high bending strength, and these steps may be placed and linked using specific metallic connectors.

The increase in engineered stone adoption as an environmentally sustainable and aesthetically pleasing low-cost alternative to natural stones such as marble and granite, are helping to boost the market. As a result of the COVID-19 epidemic, the construction industry has been failing and is hindering the expansion of engineered stone market. In addition, factors such as low awareness and high capital costs are hampering market growth in some emerging economies. Growth in popularity of residential renovations and the need to redevelop old buildings are expected to continue to create opportunities in the engineered stone market. The demand for engineered stone from commercial sector is increasing and thus increasing the expansion of engineered stone market.

The engineered stone market is segmented on the basis of product, application and region. On the basis of product, the market is categorized into tiles and blocks & slabs. On the basis of application, the market is categorized into countertops, flooring and others. On the basis of region, the market is studied across North America, Europe, Asia-Pacific, and LAMEA.

Major players operating in the global engineered stone market are A.St.A. WORLD-WIDE, Belenco, Caesarstone Ltd., Cosentino S.A., Granite & Marble Specialties, H & R Johnson, LX Hausys, Q.R.B.G.s.r.l., Quartzforms, SantaMargherita, Silestone, Stone Italiana S.P.A., Technistone s.r.o, Topzstone, VICOSTONE. Other players operating in the engineered stone market are RMS, Diresco, Viatera USA.

Key Benefits For Stakeholders

This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the engineered stone market analysis from 2021 to 2031 to identify the prevailing engineered stone market opportunities.
The market research is offered along with information related to key drivers, restraints, and opportunities.
Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
In-depth analysis of the engineered stone market segmentation assists to determine the prevailing market opportunities.
Major countries in each region are mapped according to their revenue contribution to the global market.
Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
The report includes the analysis of the regional as well as global engineered stone market trends, key players, market segments, application areas, and market growth strategies.

IMPACT OF COVID-19 ON THE GLOBAL ENGINEERED STONE MARKET

The rapid spread of COVID-19 has negatively affected the engineered stone market expansion.
The COVID-19 pandemic has caused damage on global supply networks, delaying construction projects in major economies globally.
The majority of construction and renovation activities stopped between mid-2020 and 2021 as a result of COVID-19's negative effects on the engineered stone market.
The situation is expected to improve owing to relaxation of pandemic restrictions and global trade limitations, hence restoring the industry's future growth.

Key Market Segments

By Product Type

Blocks and Slabs
Tiles

By Application

Countertops
Flooring
Others

By Region

North America
Mexico
U.S.
Canada
Europe
Germany
France
UK
Spain
Italy
Rest of Europe
Asia-Pacific
China
Japan
India
South Korea
Australia
Rest of Asia-Pacific
LAMEA
Brazil
Saudi Arabia
South Africa
Rest of LAMEA

Key Market Players

A.St.A. WORLD-WIDE
Belenco
Caesarstone Ltd.
Cosentino S.A.
Granite & Marble Specialties
H & R Johnson
LX Hausys
Q.R.B.G.s.r.l.
quartzforms spa
Santa Margherita Spa
Silestone
Stone Italiana S.P.A
Technistone s.r.o
Topzstone
vicostone

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