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Report
Global Engineered Stone Market Report and Forecast 2023-2028
Market Report I 2023-07-19 I 181 Pages I EMR Inc.
Global Engineered Stone Market Report and Forecast 2023-2028
Market Outlook
According to the report by Expert Market Research (EMR), the global engineered stone market reached a value of USD 23.7 billion in 2022. Aided by the burgeoning demand for aesthetically pleasing and durable construction materials, and the growing applications of engineered stone across various sectors, the market is projected to further grow at a CAGR of 5.46% between 2023 and 2028 to reach a value of USD 32.68 billion by 2028.
Engineered stone is a composite material made of crushed stone bound together by an adhesive. It is typically used for interior applications such as countertops, vanities, flooring, and wall cladding. Besides its aesthetic appeal, engineered stone is non-porous, highly durable, and requires minimal maintenance, making it an increasingly popular choice for residential and commercial applications.
The growing consumer preference for durable, attractive, and low-maintenance materials in home and commercial building projects is fuelling the global engineered stone market growth. With an increased focus on the visual appeal and longevity of construction projects, there has been a significant shift towards engineered stone products. Additionally, the rising trend of home renovation and remodelling has further contributed to the burgeoning popularity of engineered stone.
The expanding applications of engineered stone across various sectors also play a critical role in boosting the engineered stone market expansion. In the construction industry, engineered stone is extensively used due to its high resistance to heat, scratches, and stains, and its ability to mimic the look of natural stone. The hospitality industry values engineered stone for its aesthetic appeal, using it extensively in hotel lobbies, bathrooms, and kitchens. Moreover, its durability and easy maintenance make it a popular choice in high-traffic areas like shopping malls and corporate offices.
Moreover, the growing focus on sustainability and eco-friendly materials in the construction industry has led to an increased emphasis on engineered stone as an ideal building material. Engineered stone is often manufactured using recycled materials, contributing to waste reduction and sustainability. With rising awareness about environmental conservation and sustainability, the adoption of engineered stone has surged, thereby boosting the engineered stone market demand.
The advent of advanced manufacturing technologies and innovative design trends have further fuelled the growth of the market. The ability to create engineered stone in a vast array of colours, patterns, and textures has broadened its appeal and made it a versatile choice for a variety of applications. This trend towards customisation and the ability to tailor products to individual tastes and requirements is a significant growth driver for the market.
Finally, the growth of the global construction industry, particularly in emerging economies, is a key driver of the market. Rapid urbanisation and industrialisation in these regions have led to a heightened demand for durable and visually appealing construction materials, thereby driving the need for engineered stone. The future of the engineered stone market appears promising, with growth in infrastructure development and the shift towards sustainable and aesthetically pleasing construction materials.
Market Segmentation
The market can be divided based on product, application, and region.
Market Breakup by Product
- Blocks and Slabs
- Tiles
Market Breakup by Application
- Countertops
- Flooring
- Others
Market Breakup by Region
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East and Africa
Competitive Landscape
The EMR report looks into the market shares, plant turnarounds, capacities, investments, and acquisitions and mergers, among other major developments, of the global engineered stone companies. Some of the major key players explored in the report by Expert Market Research are as follows:
- Belenco
- Caesarstone Ltd.
- Efesus Stone
- Prism Johnson Limited
- LX Hausys, Ltd.
- Q.R.B.G. S.r.l.
- Quartzforms Spa
- Santa Margherita S.p.a.
- Stone Italiana S.p.A.
- Technostone
- Others
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*We at Expert Market Research always strive to provide you with the latest information. The numbers in the article are only indicative and may be different from the actual report.
1 Preface
2 Report Coverage - Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Market Snapshot
6.1 Global
6.2 Regional
7 Opportunities and Challenges in the Market
8 Global Engineered Stone Market Analysis
8.1 Key Industry Highlights
8.2 Global Engineered Stone Historical Market (2018-2022)
8.3 Global Engineered Stone Market Forecast (2023-2028)
8.4 Global Engineered Stone Market by Product
8.4.1 Blocks and Slabs
8.4.1.1 Historical Trend (2018-2022)
8.4.1.2 Forecast Trend (2023-2028)
8.4.2 Tiles
8.4.2.1 Historical Trend (2018-2022)
8.4.2.2 Forecast Trend (2023-2028)
8.5 Global Engineered Stone Market by Application
8.5.1 Countertops
8.5.1.1 Historical Trend (2018-2022)
8.5.1.2 Forecast Trend (2023-2028)
8.5.2 Flooring
8.5.2.1 Historical Trend (2018-2022)
8.5.2.2 Forecast Trend (2023-2028)
8.5.3 Others
8.6 Global Engineered Stone Market by Region
8.6.1 North America
8.6.1.1 Historical Trend (2018-2022)
8.6.1.2 Forecast Trend (2023-2028)
8.6.2 Europe
8.6.2.1 Historical Trend (2018-2022)
8.6.2.2 Forecast Trend (2023-2028)
8.6.3 Asia Pacific
8.6.3.1 Historical Trend (2018-2022)
8.6.3.2 Forecast Trend (2023-2028)
8.6.4 Latin America
8.6.4.1 Historical Trend (2018-2022)
8.6.4.2 Forecast Trend (2023-2028)
8.6.5 Middle East and Africa
8.6.5.1 Historical Trend (2018-2022)
8.6.5.2 Forecast Trend (2023-2028)
9 North America Engineered Stone Market Analysis
9.1 United States of America
9.1.1 Historical Trend (2018-2022)
9.1.2 Forecast Trend (2023-2028)
9.2 Canada
9.2.1 Historical Trend (2018-2022)
9.2.2 Forecast Trend (2023-2028)
10 Europe Engineered Stone Market Analysis
10.1 United Kingdom
10.1.1 Historical Trend (2018-2022)
10.1.2 Forecast Trend (2023-2028)
10.2 Germany
10.2.1 Historical Trend (2018-2022)
10.2.2 Forecast Trend (2023-2028)
10.3 France
10.3.1 Historical Trend (2018-2022)
10.3.2 Forecast Trend (2023-2028)
10.4 Italy
10.4.1 Historical Trend (2018-2022)
10.4.2 Forecast Trend (2023-2028)
10.5 Others
11 Asia Pacific Engineered Stone Market Analysis
11.1 China
11.1.1 Historical Trend (2018-2022)
11.1.2 Forecast Trend (2023-2028)
11.2 Japan
11.2.1 Historical Trend (2018-2022)
11.2.2 Forecast Trend (2023-2028)
11.3 India
11.3.1 Historical Trend (2018-2022)
11.3.2 Forecast Trend (2023-2028)
11.4 ASEAN
11.4.1 Historical Trend (2018-2022)
11.4.2 Forecast Trend (2023-2028)
11.5 Australia
11.5.1 Historical Trend (2018-2022)
11.5.2 Forecast Trend (2023-2028)
11.6 Others
12 Latin America Engineered Stone Market Analysis
12.1 Brazil
12.1.1 Historical Trend (2018-2022)
12.1.2 Forecast Trend (2023-2028)
12.2 Argentina
12.2.1 Historical Trend (2018-2022)
12.2.2 Forecast Trend (2023-2028)
12.3 Mexico
12.3.1 Historical Trend (2018-2022)
12.3.2 Forecast Trend (2023-2028)
12.4 Others
13 Middle East and Africa Engineered Stone Market Analysis
13.1 Saudi Arabia
13.1.1 Historical Trend (2018-2022)
13.1.2 Forecast Trend (2023-2028)
13.2 United Arab Emirate
13.2.1 Historical Trend (2018-2022)
13.2.2 Forecast Trend (2023-2028)
13.3 Nigeria
13.3.1 Historical Trend (2018-2022)
13.3.2 Forecast Trend (2023-2028)
13.4 South Africa
13.4.1 Historical Trend (2018-2022)
13.4.2 Forecast Trend (2023-2028)
13.5 Others
14 Market Dynamics
14.1 SWOT Analysis
14.1.1 Strengths
14.1.2 Weaknesses
14.1.3 Opportunities
14.1.4 Threats
14.2 Porter's Five Forces Analysis
14.2.1 Supplier's Power
14.2.2 Buyer's Power
14.2.3 Threat of New Entrants
14.2.4 Degree of Rivalry
14.2.5 Threat of Substitutes
14.3 Key Indicators for Demand
14.4 Key Indicators for Price
15 Competitive Landscape
15.1 Market Structure
15.2 Company Profiles
15.2.1 Belenco
15.2.1.1 Company Overview
15.2.1.2 Product Portfolio
15.2.1.3 Demographic Reach and Achievements
15.2.1.4 Certifications
15.2.2 Caesarstone Ltd.
15.2.2.1 Company Overview
15.2.2.2 Product Portfolio
15.2.2.3 Demographic Reach and Achievements
15.2.2.4 Certifications
15.2.3 Efesus Stone
15.2.3.1 Company Overview
15.2.3.2 Product Portfolio
15.2.3.3 Demographic Reach and Achievements
15.2.3.4 Certifications
15.2.4 Prism Johnson Limited
15.2.4.1 Company Overview
15.2.4.2 Product Portfolio
15.2.4.3 Demographic Reach and Achievements
15.2.4.4 Certifications
15.2.5 LX Hausys, Ltd.
15.2.5.1 Company Overview
15.2.5.2 Product Portfolio
15.2.5.3 Demographic Reach and Achievements
15.2.5.4 Certifications
15.2.6 Q.R.B.G. S.r.l.
15.2.6.1 Company Overview
15.2.6.2 Product Portfolio
15.2.6.3 Demographic Reach and Achievements
15.2.6.4 Certifications
15.2.7 Quartzforms Spa
15.2.7.1 Company Overview
15.2.7.2 Product Portfolio
15.2.7.3 Demographic Reach and Achievements
15.2.7.4 Certifications
15.2.8 Santa Margherita S.p.a.
15.2.8.1 Company Overview
15.2.8.2 Product Portfolio
15.2.8.3 Demographic Reach and Achievements
15.2.8.4 Certifications
15.2.9 Stone Italiana S.p.A.
15.2.9.1 Company Overview
15.2.9.2 Product Portfolio
15.2.9.3 Demographic Reach and Achievements
15.2.9.4 Certifications
15.2.10 Technostone
15.2.10.1 Company Overview
15.2.10.2 Product Portfolio
15.2.10.3 Demographic Reach and Achievements
15.2.10.4 Certifications
15.2.11 Others
16 Key Trends and Developments in the Market
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