Engineered Stone Market is estimated to be US$ 40.81 billion by 2030 with a CAGR of 6.10% during the forecast period

Published Date: June 2022

Agglomerated stone is another name for engineered stone, which is composed comprised of resin binder, quartz, quartzite, colors, and additives. Engineered stone is a natural kind of silicate mineral comprised of silicon oxide generally known as quartz that is extensively available on the earth's surface. For end-use applications, this quartz is transformed into engineered stone slabs or blocks. Engineered stone can be made in a variety of shapes, textures, and colors, depending on the application and needs. It can have a fine or coarse texture depending on the manufacturing method, and it can also be made reflective or sparkling by combining it with glass or other materials.

Region Analysis:

The Asia-Pacific region dominates the global engineered stone industry, since many of the major manufacturers have a strong presence there. In the future years, China is expected to lead the APAC engineered stone market, followed by India. The changing economic status of countries like China and India, as well as the expansion of the construction and building industries, are expected to boost demand in the global market. Furthermore, Europe continues to be a well-established market for manufactured stone. Since decades, Italy has been a major provider of engineered stones, resulting in the expansion of the worldwide engineered stone business in Europe.

Key Highlights:

  • A producer, Breton S.p.A., has built a network of approved workshops in countries such as Italy, France, China, India, and Brazil. Brand awareness and customization services are two of the most essential variables in boosting a company's market share.

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Key Market Insights from the report:

Global Engineered Stone Market accounted for US$ 22.67 billion in 2020 and is estimated to be US$ 40.81 billion by 2030 and is anticipated to register a CAGR of 6.10%. The global engineered stone market report segments the market on the basis of product type, process, application, and region.

  • Based on Product Type, Global Engineered Stone Market is segmented into Slab and Block.
  • Based on Process, Global Engineered Stone Market is segmented into Cold Curing and Hot Curing.
  • Based on Application, Global Engineered Stone Market is segmented into Kitchen/Bathroom Countertops, Flooring, Art Models, Interior Coverings, Furnishings Accessories, Walls, External Coverings, and Other Building Components. 
  • By Region, the Global Engineered Stone Market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa.

Competitive Landscape & their strategies of Global Engineered Stone Market:

Key players in the global engineered stone market includes, Granite & Marble Specialties Inc., Diresco NV, Viatera USA, Inc., Quartzforms SpA, RMS Inc., Santa Margherita Spa, Silestone, Stone Italiana S.p.A., Tchnistone, Inc.

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