Engineered Stone Market Market Trends

  • Report ID: 5725
  • Published Date: Oct 22, 2024
  • Report Format: PDF, PPT

Engineered Stone Market Market Trends

Growth Drivers

  • Increasing Requirement for Visually Enchanting Countertops - One exciting prospect of quartz is its varied range of colors and patterns. These alterations are caused by impurities that were there during the creation techniques. For instance, amethyst quartz stone demonstrates purple hues because of traces of iron, while rose quartz demonstrates a pink coloration outcoming from titanium or manganese pollutants. This natural beauty makes quartz an alluring choice for embellishing purposes in architecture. Quartz is an outstanding choice for architects who want a wide spectrum of structural options. It shows a versatile range of looks to minister to different architectural priorities. Architects can opt for timeless white shades that give off sophistication and refinement or choose energetic, bold statement colors to develop enchanting focal points. Moreover, quartz presents the scope to duplicate the complicated veining patterns noticed in natural stones like marble or granite, giving a lavishing look without related management thoughts.
  • Growing Urbanization and Increasing Investment in Residential Properties - The influence of population expansion on housing growth in a developing economy is generally the result of the drive of the rural areas and the attraction of the town. There is always an escalation and aggregate of people in city centers with the resultant influence on housing expansion emerging from keen unemployment. Moreover, urbanization has activated substantial growth in both commercial and residential real estate segments, outcoming in the construction of tower block buildings, malls, hotels, and other properties. To match the rising requirement for housing and commercial spaces, real estate builders have encouragingly spent in urban areas.
  • Increasing Inclination Towards Green Construction Materials - The significance of renewable construction components in green building construction depends on their skill to increase energy effectiveness, limit waste, and reduce carbon emissions. By prioritizing the utilization of renewable construction components, green energy, and green buildings not only deliver a more renewable future but also encourage industry-wide conversions towards ecologically mindful practices. Global confirmations such as Leadership in Energy and Environmental Design (LEED) and local certifications such as Green Rating for Integrated Habitat Assessment (GRIHA) are majorly in demand because they plan, create, function, and manage cost and resource-effective, high executing, and secure structures.

Challenges

  • Shortage of Heat Resistance Capacity of Engineered Stone - Quartz countertops are artificially engineered stone countertops created by amalgamating roughly 90 % ground quartz (a natural hard mineral) with 8- 10 % resins, polymers, and pigments combined under strong heat and pressure to create a solid slab. This develops an intricate granite-like surface but needs less management. While quartz will not burn from the smallest amount of heat, you should not disclose the surface to huge heat. Quartz is an engineered stone that is created by amalgamating about 90 percent ground natural quartz with approximately 10 percent poly resin. Placing hot objects on a quartz countertop, like hot pans and hot pots, can cause substantial harm. If you keep very hot items on your quartz countertop, it will consequent in burn marks and discoloration. This is because massive heat melts the resin utilized on the surface.
  • Environment Health Concern
  • Expensive and Awareness Shortage

Engineered Stone Market: Key Insights

Base Year

2024

Forecast Year

2025-2037

CAGR

5.6%

Base Year Market Size (2024)

USD 24.63 billion

Forecast Year Market Size (2037)

USD 50.01 billion

Regional Scope

  • Asia Pacific (Japan, China, India, Australia, Others)
  • Europe (Germany, Spain, UK, France, Italy, Russia, Others)
  • North America (North America, Canada, Mexico)
  • Middle East and Africa (South Africa, UAE, Others)
  • Latin America (Brazil, Argentina, Others)
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Browse Key Market Insights with Data Illustration:


Author Credits:  Shweta Patidar


  • Report ID: 5725
  • Published Date: Oct 22, 2024
  • Report Format: PDF, PPT

Frequently Asked Questions (FAQ)

In the year 2025, the industry size of engineered stone is evaluated at USD 25.73 billion.

Engineered Stone Market size was over USD 24.63 billion in 2024 and is anticipated to exceed USD 50.01 billion by the end of 2037, witnessing over 5.6% CAGR during the forecast period i.e., between 2025-2037. The increasing demand for engineered stone across the world will drive the market growth.

Asia Pacific industry is predicted to hold largest revenue share of 35% by 2037, owing to increasing product use in the production sector and embellishment of residential and non-residential interiors in quickly increasing economies, like China, India, Japan, Malaysia, and Singapore.

The major players in the market are LX Hausys, Johnson Marble & Quartz, Technistone A.S., Caesarstone Ltd., Belenco, Quarella Group Ltd., Quartzforms, Stone Italiana S.p.A., Cosentino S.A., VICOSTONE, Shimizugumi Sekizai Industry Co., Ltd., Yoshida Stone Industry Co., Ltd., Tosoh Quartz Corporation, Taketo Shoten Co., Ltd.
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