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Global Engineered Stone Market by Product (Blocks & Slabs, Tiles), by Application (Flooring, Countertops) and Region (North America, Latin America, Europe, Asia Pacific and Middle East & Africa), Forecast To 2028

  • Report ID: CNS-74314
  • Author: Up Market Research
  • Rating: 4.9
  • Total Reviews: 58
  • No. Of Pages: 227
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  • Pub. Date: 2021-10-21
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Summary of the Report

Global engineered stone market was worth USD 20.7 billion in 2019. It is projected to grow at a 5.0% compound annual growth rate (CAGR), between 2020 and 2027. The market is expected to grow due to rising demand for durable and aesthetically pleasing alternatives to natural stone. Also, increasing use of sustainable buildings materials will drive growth. The product is widely used for kitchen countertops, as well as other commercial and residential applications. The forecast period will see a rise in demand for fancy countertops that enhance the interior design. In 2019, blocks & slabs was the most popular product category in the U.S. The market will be driven by increasing investments in large commercial buildings and increased product adoption in residential applications such as kitchens, vanity, and basin countertops.

Quartz, also known as aggregates, are made of quartz crystals or marble and other rocks, which are then set in resin binder such as epoxy. Breton SpA, an Italian pioneer in the field manmade stones products, has a similar process that is used to create nearly all the engineered stone produced around the world. Engineered stone products are much more affordable than natural stone products and have a longer life expectancy.

It is expected that the demand for residential and commercial replacement products will increase due to the need for renovations and up-grading of existing buildings. In 2019, the commercial construction sector, which includes offices, hotels, or lodging spaces, saw steady growth, which has resulted in increased product demand.

Product Insights

Slabs and blocks dominated the market, accounting for 98% of global revenue in 2019. Blocks & slabs are in high demand because they are easy to maintain and install. The product is much less susceptible to staining than natural stones. It is therefore suitable for use in the kitchen.

Slabs and engineered blocks are used extensively in kitchen countertops and other commercial and residential applications. The demand for fancy countertops that enhance the interior design of the structure will increase over the forecast period.

Engineered stones tiles can be made with various aggregates that have been bonded together using epoxy or other materials. They are available in many colors, shapes, sizes, and materials. These tiles can also be customized to meet specific application requirements. Engineered tiles can be used for wall, floor, and backsplash applications.

Tiles accounted for a large market share in 2019, and are expected to grow at a rate of 4% during the forecast period. Its high durability and ease of installation are reasons for its popularity. The availability of cheaper alternatives such as ceramic tiles is expected to limit the growth of the segment over the forecast period.

Application Insights

The market leader in countertops was more than 78% and contributed to the majority of global revenue share for 2019. The high demand for countertops was due to its stain-resistant qualities. Engineered stone slabs are also less expensive than natural alternatives and provide many options in terms of design and color.

Engineered stone countertops can be harder than natural stones, but they are also highly non-porous and more flexible than other types. These countertops are free from hidden cracks and flaws due to their uniform internal structure. The product is also consistent in color and pattern.

The flooring segment is expected to grow at a 3.6% CAGR over the forecast period. Because of their non-porous and water-resistant structure, engineered stone floorings are increasingly being used in kitchens, bathrooms, and basements. The product's superior wear resistance makes it ideal for high footfall areas.

Other categories include wall coverings, exterior coverings and furnishing accessories such as tableops and chairs. The product is highly suitable for use in the furnishing accessories category due to its superior aesthetics, durability and water & stains resistance.

Regional Insights

Asia Pacific was the dominant market, accounting for more than 34% of global revenue in 2019. This is due to the high utilization of products in the construction sector as well as in decoration of commercial and residential buildings in rapidly growing economies such India, China and Indonesia. Over the forecast period, the European market will grow at a rate of 4%.

Market growth is expected to be supported by growing restrictions on mining in the area and high investments in redevelopment of older buildings. The market will be supported by the existence of a solid product manufacturing base. North America is the second largest regional market. This is due to high product demand.

The Middle East & Africa region will see the fastest CAGR of 5.4% during the forecast period. Dubai, a major financial and business center, will be the region's main revenue generator. The region's growth will be aided by the rapid expansion of the Saudi Arabian and Qatari commercial construction sectors.

Market Share Insights & Key Companies

Global markets are highly competitive. To strengthen their market position, major companies have implemented a variety of marketing strategies. These include offering installation and customization services as well as expanding their product portfolio. Breton S.p.A., for example, has set up a network of authorized workshops in various countries such as Brazil, China, India and China. A company's market share can be increased by branding and customizing services. Globally, there are many manufacturers. Among the most prominent players in the engineered stones market are:

  • LG Hausys

  • Johnson Marble & Quartz

  • Quartzforms

  • Stone Italiana S.p.A.

  • Cosentino S.A.

  • Vicostone

  • Technistone a.s.

Up Market Research published a new report titled “Engineered Stone Market research report which is segmented by Product (Blocks & Slabs, Tiles), by Application (Flooring, Countertops), By Players/Companies Johnson Marble & Quartz, LG Hausys, Vicostone, Quartzforms, Cosentino SA, Technistone as, Stone Italiana SpA”. As per the study the market is expected to grow at a CAGR of XX% in the forecast period.


Report Scope

Report AttributesReport Details
Report TitleEngineered Stone Market Research Report
By ProductBlocks & Slabs, Tiles
By ApplicationFlooring, Countertops
By CompaniesJohnson Marble & Quartz, LG Hausys, Vicostone, Quartzforms, Cosentino SA, Technistone as, Stone Italiana SpA
Regions CoveredNorth America, Europe, APAC, Latin America, MEA
Base Year2020
Historical Year2018 to 2019 (Data from 2010 can be provided as per availability)
Forecast Year2028
Number of Pages227
Number of Tables & Figures159
Customization AvailableYes, the report can be customized as per your need.

The report covers comprehensive data on emerging trends, market drivers, growth opportunities, and restraints that can change the market dynamics of the industry. It provides an in-depth analysis of the market segments which include products, applications, and competitor analysis.


Global Engineered Stone Industry Outlook

Global Engineered Stone Market Report Segments:

The market is segmented by Product (Blocks & Slabs, Tiles), by Application (Flooring, Countertops).

Engineered Stone Market research report delivers a close watch on leading competitors with strategic analysis, micro and macro market trend and scenarios, pricing analysis and a holistic overview of the market situations in the forecast period. It is a professional and a detailed report focusing on primary and secondary drivers, market share, leading segments and geographical analysis. Further, key players, major collaborations, merger & acquisitions along with trending innovation and business policies are reviewed in the report.


Key Benefits for Industry Participants & Stakeholders:

  • Industry drivers, restraints, and opportunities covered in the study
  • Neutral perspective on the market performance
  • Recent industry trends and developments
  • Competitive landscape & strategies of key players
  • Potential & niche segments and regions exhibiting promising growth covered
  • Historical, current, and projected market size, in terms of value
  • In-depth analysis of the Engineered Stone Market

Overview of the regional outlook of the Engineered Stone Market:

Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa (MEA). North America region is further bifurcated into countries such as U.S., and Canada. The Europe region is further categorized into U.K., France, Germany, Italy, Spain, Russia, and Rest of Europe. Asia Pacific is further segmented into China, Japan, South Korea, India, Australia, South East Asia, and Rest of Asia Pacific. Latin America region is further segmented into Brazil, Mexico, and Rest of Latin America, and the MEA region is further divided into GCC, Turkey, South Africa, and Rest of MEA.


Engineered Stone Market Overview

Highlights of The Engineered Stone Market Report:

  1. The market structure and projections for the coming years.
  2. Drivers, restraints, opportunities, and current trends of Engineered Stone Market.
  3. Historical data and forecast.
  4. Estimations for the forecast period 2028.
  5. Developments and trends in the market.
        6. By Product:

                1. Blocks & Slabs

                2. Tiles

        7. By Application:

                1. Flooring

                2. Countertops

  1. Market scenario by region, sub-region, and country.
  2. Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
  3. Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
  4. Government Policies, Macro & Micro economic factors are also included in the report.

We have studied the Engineered Stone Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2028.


How you may use our products:

  • Correctly Positioning New Products
  • Market Entry Strategies
  • Business Expansion Strategies
  • Consumer Insights
  • Understanding Competition Scenario
  • Product & Brand Management
  • Channel & Customer Management
  • Identifying Appropriate Advertising Appeals

Engineered Stone Market Trends

Reasons to Purchase the Engineered Stone Market Report:

  • The report includes a plethora of information such as market dynamics scenario and opportunities during the forecast period
  • Segments and sub-segments include quantitative, qualitative, value (USD Million,) and volume (Units Million) data.
  • Regional, sub-regional, and country level data includes the demand and supply forces along with their influence on the market.
  • The competitive landscape comprises share of key players, new developments, and strategies in the last three years.
  • Comprehensive companies offering products, relevant financial information, recent developments, SWOT analysis, and strategies by these players.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Engineered Stone Market Overview
   4.1 Introduction 
      4.1.1 Market Taxonomy 
      4.1.2 Market Definition 
      4.1.3 Macro-Economic Factors Impacting the Market Growth 
   4.2 Engineered Stone Market Dynamics 
      4.2.1 Market Drivers 
      4.2.2 Market Restraints 
      4.2.3 Market Opportunity 
   4.3 Engineered Stone Market - Supply Chain Analysis 
      4.3.1 List of Key Suppliers 
      4.3.2 List of Key Distributors 
      4.3.3 List of Key Consumers 
   4.4 Key Forces Shaping the Engineered Stone Market 
      4.4.1 Bargaining Power of Suppliers 
      4.4.2 Bargaining Power of Buyers 
      4.4.3 Threat of Substitution 
      4.4.4 Threat of New Entrants 
      4.4.5 Competitive Rivalry 
   4.5 Global Engineered Stone Market Size & Forecast, 2018-2028 
      4.5.1 Engineered Stone Market Size and Y-o-Y Growth 
      4.5.2 Engineered Stone Market Absolute $ Opportunity 


Chapter 5 Global Engineered Stone Market Analysis and Forecast by Product
   5.1 Introduction
      5.1.1 Key Market Trends & Growth Opportunities by Product
      5.1.2 Basis Point Share (BPS) Analysis by Product
      5.1.3 Absolute $ Opportunity Assessment by Product
   5.2 Engineered Stone Market Size Forecast by Product
      5.2.1 Blocks & Slabs
      5.2.2 Tiles
   5.3 Market Attractiveness Analysis by Product

Chapter 6 Global Engineered Stone Market Analysis and Forecast by Application
   6.1 Introduction
      6.1.1 Key Market Trends & Growth Opportunities by Application
      6.1.2 Basis Point Share (BPS) Analysis by Application
      6.1.3 Absolute $ Opportunity Assessment by Application
   6.2 Engineered Stone Market Size Forecast by Application
      6.2.1 Flooring
      6.2.2 Countertops
   6.3 Market Attractiveness Analysis by Application

Chapter 7 Global Engineered Stone Market Analysis and Forecast by Region
   7.1 Introduction
      7.1.1 Key Market Trends & Growth Opportunities by Region
      7.1.2 Basis Point Share (BPS) Analysis by Region
      7.1.3 Absolute $ Opportunity Assessment by Region
   7.2 Engineered Stone Market Size Forecast by Region
      7.2.1 North America
      7.2.2 Europe
      7.2.3 Asia Pacific
      7.2.4 Latin America
      7.2.5 Middle East & Africa (MEA)
   7.3 Market Attractiveness Analysis by Region

Chapter 8 Coronavirus Disease (COVID-19) Impact 
   8.1 Introduction 
   8.2 Current & Future Impact Analysis 
   8.3 Economic Impact Analysis 
   8.4 Government Policies 
   8.5 Investment Scenario

Chapter 9 North America Engineered Stone Analysis and Forecast
   9.1 Introduction
   9.2 North America Engineered Stone Market Size Forecast by Country
      9.2.1 U.S.
      9.2.2 Canada
   9.3 Basis Point Share (BPS) Analysis by Country
   9.4 Absolute $ Opportunity Assessment by Country
   9.5 Market Attractiveness Analysis by Country
   9.6 North America Engineered Stone Market Size Forecast by Product
      9.6.1 Blocks & Slabs
      9.6.2 Tiles
   9.7 Basis Point Share (BPS) Analysis by Product 
   9.8 Absolute $ Opportunity Assessment by Product 
   9.9 Market Attractiveness Analysis by Product
   9.10 North America Engineered Stone Market Size Forecast by Application
      9.10.1 Flooring
      9.10.2 Countertops
   9.11 Basis Point Share (BPS) Analysis by Application 
   9.12 Absolute $ Opportunity Assessment by Application 
   9.13 Market Attractiveness Analysis by Application

Chapter 10 Europe Engineered Stone Analysis and Forecast
   10.1 Introduction
   10.2 Europe Engineered Stone Market Size Forecast by Country
      10.2.1 Germany
      10.2.2 France
      10.2.3 Italy
      10.2.4 U.K.
      10.2.5 Spain
      10.2.6 Russia
      10.2.7 Rest of Europe
   10.3 Basis Point Share (BPS) Analysis by Country
   10.4 Absolute $ Opportunity Assessment by Country
   10.5 Market Attractiveness Analysis by Country
   10.6 Europe Engineered Stone Market Size Forecast by Product
      10.6.1 Blocks & Slabs
      10.6.2 Tiles
   10.7 Basis Point Share (BPS) Analysis by Product 
   10.8 Absolute $ Opportunity Assessment by Product 
   10.9 Market Attractiveness Analysis by Product
   10.10 Europe Engineered Stone Market Size Forecast by Application
      10.10.1 Flooring
      10.10.2 Countertops
   10.11 Basis Point Share (BPS) Analysis by Application 
   10.12 Absolute $ Opportunity Assessment by Application 
   10.13 Market Attractiveness Analysis by Application

Chapter 11 Asia Pacific Engineered Stone Analysis and Forecast
   11.1 Introduction
   11.2 Asia Pacific Engineered Stone Market Size Forecast by Country
      11.2.1 China
      11.2.2 Japan
      11.2.3 South Korea
      11.2.4 India
      11.2.5 Australia
      11.2.6 South East Asia (SEA)
      11.2.7 Rest of Asia Pacific (APAC)
   11.3 Basis Point Share (BPS) Analysis by Country
   11.4 Absolute $ Opportunity Assessment by Country
   11.5 Market Attractiveness Analysis by Country
   11.6 Asia Pacific Engineered Stone Market Size Forecast by Product
      11.6.1 Blocks & Slabs
      11.6.2 Tiles
   11.7 Basis Point Share (BPS) Analysis by Product 
   11.8 Absolute $ Opportunity Assessment by Product 
   11.9 Market Attractiveness Analysis by Product
   11.10 Asia Pacific Engineered Stone Market Size Forecast by Application
      11.10.1 Flooring
      11.10.2 Countertops
   11.11 Basis Point Share (BPS) Analysis by Application 
   11.12 Absolute $ Opportunity Assessment by Application 
   11.13 Market Attractiveness Analysis by Application

Chapter 12 Latin America Engineered Stone Analysis and Forecast
   12.1 Introduction
   12.2 Latin America Engineered Stone Market Size Forecast by Country
      12.2.1 Brazil
      12.2.2 Mexico
      12.2.3 Rest of Latin America (LATAM)
   12.3 Basis Point Share (BPS) Analysis by Country
   12.4 Absolute $ Opportunity Assessment by Country
   12.5 Market Attractiveness Analysis by Country
   12.6 Latin America Engineered Stone Market Size Forecast by Product
      12.6.1 Blocks & Slabs
      12.6.2 Tiles
   12.7 Basis Point Share (BPS) Analysis by Product 
   12.8 Absolute $ Opportunity Assessment by Product 
   12.9 Market Attractiveness Analysis by Product
   12.10 Latin America Engineered Stone Market Size Forecast by Application
      12.10.1 Flooring
      12.10.2 Countertops
   12.11 Basis Point Share (BPS) Analysis by Application 
   12.12 Absolute $ Opportunity Assessment by Application 
   12.13 Market Attractiveness Analysis by Application

Chapter 13 Middle East & Africa (MEA) Engineered Stone Analysis and Forecast
   13.1 Introduction
   13.2 Middle East & Africa (MEA) Engineered Stone Market Size Forecast by Country
      13.2.1 Saudi Arabia
      13.2.2 South Africa
      13.2.3 UAE
      13.2.4 Rest of Middle East & Africa (MEA)
   13.3 Basis Point Share (BPS) Analysis by Country
   13.4 Absolute $ Opportunity Assessment by Country
   13.5 Market Attractiveness Analysis by Country
   13.6 Middle East & Africa (MEA) Engineered Stone Market Size Forecast by Product
      13.6.1 Blocks & Slabs
      13.6.2 Tiles
   13.7 Basis Point Share (BPS) Analysis by Product 
   13.8 Absolute $ Opportunity Assessment by Product 
   13.9 Market Attractiveness Analysis by Product
   13.10 Middle East & Africa (MEA) Engineered Stone Market Size Forecast by Application
      13.10.1 Flooring
      13.10.2 Countertops
   13.11 Basis Point Share (BPS) Analysis by Application 
   13.12 Absolute $ Opportunity Assessment by Application 
   13.13 Market Attractiveness Analysis by Application

Chapter 14 Competition Landscape 
   14.1 Engineered Stone Market: Competitive Dashboard
   14.2 Global Engineered Stone Market: Market Share Analysis, 2019
   14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy) 
      14.3.1 Johnson Marble & Quartz
      14.3.2 LG Hausys
      14.3.3 Vicostone
      14.3.4 Quartzforms
      14.3.5 Cosentino SA
      14.3.6 Technistone as
      14.3.7 Stone Italiana SpA
Segments Covered in the Report
The global Engineered Stone market has been segmented based on

By Product
  • Blocks & Slabs
  • Tiles
By Application
  • Flooring
  • Countertops
Regions
  • Asia Pacific
  • North America
  • Latin America
  • Europe
  • Middle East & Africa
Key Players
  • Johnson Marble & Quartz
  • LG Hausys
  • Vicostone
  • Quartzforms
  • Cosentino SA
  • Technistone as
  • Stone Italiana SpA

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