Product Code: ANV3353
REPORT HIGHLIGHT
Engineered Stone Market size was valued at USD 24,063.09 Million in 2023, expanding at a CAGR of 6.10% from 2024 to 2032.
Engineered stone, also referred to as quartz or composite stone, is a synthetic material crafted from crushed stone particles, typically quartz, blended with resins, pigments, and additives. This amalgamation undergoes compression under high pressure and curing, resulting in robust slabs available in various colors, patterns, and textures. Renowned for its non-porous surface, engineered stone excels in applications like countertops, flooring, and wall cladding, offering resistance against stains, scratches, and heat. Its uniform appearance surpasses natural stone, demanding minimal upkeep, thus garnering favor in residential and commercial spaces for its aesthetic appeal and functional attributes.
Engineered Stone Market- Market Dynamics
Growing residential and commercial construction sectors worldwide to propel market demand
Globally, the surge in construction activities across residential, commercial, and infrastructure projects, coupled with the rising preference for quartz-based engineered stone, is anticipated to fuel market expansion. Furthermore, the escalating demand for visually appealing and resilient alternatives to natural stone, alongside the uptake of eco-friendly construction materials, is poised to drive market growth. Offering notable longevity at a relatively lower cost compared to traditional stone options, engineered stone emerges as a compelling choice. The growing residential and commercial construction sectors worldwide are amplifying the demand for engineered stone, particularly in applications requiring non-porousness and durability, such as hospital food facilities, canteens, and commercial buildings.
Engineered Stone Market- Key Insights
As per the analysis shared by our research analyst, the global market is estimated to grow annually at a CAGR of around 6.10% over the forecast period (2024-2032)
Based on Product Type segmentation, Blocks & Slabs was predicted to show maximum market share in the year 2023
Based on Application segmentation, Countertops was the leading type in 2023
On the basis of region, Asia Pacific was the leading revenue generator in 2023
Engineered Stone Market- Segmentation Analysis:
The Global Engineered Stone Market is segmented on the basis of Product Type, Application, and Region.
The market is divided into two categories based on Product Type: Tiles and Blocks & Slabs. In 2023, blocks and slabs emerged as the primary product segment, driven by increased investments in large-scale commercial and residential construction projects, as well as a rising demand for sophisticated countertops to enhance interior aesthetics. This segment is expected to experience further growth over the forecast period. The product, also known as quartz, is crafted from aggregates of marble or quartz crystal, along with other rocks, bound together by a resin binder like epoxy.
The market is divided into three categories based on Application: Countertops, Flooring and Others. Countertops held the majority of revenue share in 2023, largely due to their stain-resistant properties. Engineered stone slabs, being more cost-effective than natural alternatives, offer a wider range of choices in terms of shape, design, color, and texture. However, they contain polymeric resins that are not UV stable, leading to potential discoloration and degradation of the resin binder over time.
Engineered Stone Market- Geographical Insights
This market has a wide global presence, spanning Europe, North America, Latin America, Asia Pacific, and the Middle East and Africa. Within these regions, individual countries contribute for distinct market segments. The Asia Pacific region emerges as the dominant segment in the global market in 2023and is projected to experience the fastest growth rate throughout the forecast period. This can be attributed to the increasing utilization of the product in both residential and non-residential interior construction and decoration, particularly in rapidly growing economies like China, India, Malaysia, and Singapore.
Engineered Stone Market- Competitive Landscape:
Companies in the engineered stone market implement various strategies to uphold competitiveness. Continuous innovation in product design and technology enhances durability, aesthetics, and sustainability, setting them apart. Streamlined supply chain management ensures efficiency and cost-effectiveness. Strategic alliances with designers, architects, and distributors broaden market influence. Robust branding and marketing efforts spotlight unique features and target specific segments effectively. Investment in customer service fosters loyalty and satisfaction. Ongoing research into environmental impact and regulatory compliance demonstrates commitment to sustainability, aligning with evolving consumer preferences and standards.
Recent Developments:
In March 2022, Engineered Stone Group (ES Group) acquired MTI Baths and Aquatica, bolstering its presence in the U.S. market with premium engineered stone products and solid surface offerings.
SCOPE OF THE REPORT
The scope of this report covers the market by its major segments, which include as follows:
GLOBAL ENGINEERED STONE MARKET KEY PLAYERS- DETAILED COMPETITIVE INSIGHT
LX Hausys
Johnson Marble & Quartz
Technistone A.S.
Caesarstone Ltd.
Belenco
Quarella Group Ltd.
Quartzforms
Stone Italiana S.p.A.
Cosentino S.A.
Others
GLOBAL ENGINEERED STONE MARKET, BY PRODUCT TYPE - MARKET ANALYSIS, 2019 - 2032
GLOBAL ENGINEERED STONE MARKET, BY APPLICATION- MARKET ANALYSIS, 2019 - 2032
- Countertops
- Flooring
- Others
GLOBAL ENGINEERED STONE MARKET, BY REGION- MARKET ANALYSIS, 2019 - 2032
- North America
- The U.S.
- Canada
- Europe
- Germany
- France
- Italy
- Spain
- United Kingdom
- Russia
- Netherlands
- Sweden
- Poland
- Rest of Europe
- Asia Pacific
- India
- China
- South Korea
- Japan
- Australia
- Thailand
- Indonesia
- Philippines
- Rest of APAC
- Latin America
- Brazil
- Mexico
- Argentina
- Colombia
- Rest of LATAM
- The Middle East and Africa
- Saudi Arabia
- United Arab Emirates
- Israel
- Turkey
- Algeria
- Egypt
- Rest of MEA
Table of Contents
1. Engineered Stone Market Overview
- 1.1. Study Scope
- 1.2. Market Estimation Years
2. Executive Summary
- 2.1. Market Snippet
- 2.1.1. Engineered Stone Market Snippet by Product Type
- 2.1.2. Engineered Stone Market Snippet by Application
- 2.1.3. Engineered Stone Market Snippet by Country
- 2.1.4. Engineered Stone Market Snippet by Region
- 2.2. Competitive Insights
3. Engineered Stone Key Market Trends
- 3.1. Engineered Stone Market Drivers
- 3.1.1. Impact Analysis of Market Drivers
- 3.2. Engineered Stone Market Restraints
- 3.2.1. Impact Analysis of Market Restraints
- 3.3. Engineered Stone Market Opportunities
- 3.4. Engineered Stone Market Future Trends
4. Engineered Stone Industry Study
- 4.1. PEST Analysis
- 4.2. Porter's Five Forces Analysis
- 4.3. Growth Prospect Mapping
- 4.4. Regulatory Framework Analysis
5. Engineered Stone Market: COVID-19 Impact Analysis
- 5.1. Pre-COVID-19 Impact Analysis
- 5.2. Post-COVID-19 Impact Analysis
- 5.2.1. Top Performing Segments
- 5.2.2. Marginal Growth Segments
- 5.2.3. Top Looser Segments
- 5.2.4. Marginal Loss Segments
6. Engineered Stone Market Landscape
- 6.1. Engineered Stone Market Share Analysis, 2023
- 6.2. Breakdown Data, by Key Manufacturer
- 6.2.1. Established Players' Analysis
- 6.2.2. Emerging Players' Analysis
7. Engineered Stone Market - By Product Type
- 7.1. Overview
- 7.1.1. Segment Share Analysis, By Product Type, 2023 & 2032 (%)
- 7.1.2. Tiles
- 7.1.3. Blocks & Slabs
8. Engineered Stone Market - By Application
- 8.1. Overview
- 8.1.1. Segment Share Analysis, By Application, 2023 & 2032 (%)
- 8.1.2. Countertops
- 8.1.3. Flooring
- 8.1.4. Others
9. Engineered Stone Market- By Geography
- 9.1. Introduction
- 9.1.1. Segment Share Analysis, By Geography, 2023 & 2032 (%)
- 9.2. North America
- 9.2.1. Overview
- 9.2.2. Engineered Stone Key Manufacturers in North America
- 9.2.3. North America Market Size and Forecast, By Country, 2019 - 2032 (US$ Million)
- 9.2.4. North America Market Size and Forecast, By Product Type, 2019 - 2032 (US$ Million)
- 9.2.5. North America Market Size and Forecast, By Application, 2019 - 2032 (US$ Million)
- 9.2.6. U.S.
- 9.2.6.1. Overview
- 9.2.6.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2019 - 2032, (US$ Million)
- 9.2.6.3. U.S. Market Size and Forecast, By Product Type, 2019 - 2032 (US$ Million)
- 9.2.6.4. U.S. Market Size and Forecast, By Application, 2019 - 2032 (US$ Million)
- 9.2.7. Canada
- 9.2.7.1. Overview
- 9.2.7.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2019 - 2032, (US$ Million)
- 9.2.7.3. Canada Market Size and Forecast, By Product Type, 2019 - 2032 (US$ Million)
- 9.2.7.4. Canada Market Size and Forecast, By Application, 2019 - 2032 (US$ Million)
- 9.3. Europe
- 9.3.1. Overview
- 9.3.2. Engineered Stone Key Manufacturers in Europe
- 9.3.3. Europe Market Size and Forecast, By Country, 2019 - 2032 (US$ Million)
- 9.3.4. Europe Market Size and Forecast, By Product Type, 2019 - 2032 (US$ Million)
- 9.3.5. Europe Market Size and Forecast, By Application, 2019 - 2032 (US$ Million)
- 9.3.6. Germany
- 9.3.6.1. Overview
- 9.3.6.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2019 - 2032, (US$ Million)
- 9.3.6.3. Germany Market Size and Forecast, By Product Type, 2019 - 2032 (US$ Million)
- 9.3.6.4. Germany Market Size and Forecast, By Application, 2019 - 2032 (US$ Million)
- 9.3.7. Italy
- 9.3.7.1. Overview
- 9.3.7.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2019 - 2032, (US$ Million)
- 9.3.7.3. Italy Market Size and Forecast, By Product Type, 2019 - 2032 (US$ Million)
- 9.3.7.4. Italy Market Size and Forecast, By Application, 2019 - 2032 (US$ Million)
- 9.3.8. United Kingdom
- 9.3.8.1. Overview
- 9.3.8.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2019 - 2032, (US$ Million)
- 9.3.8.3. United Kingdom Market Size and Forecast, By Product Type, 2019 - 2032 (US$ Million)
- 9.3.8.4. United Kingdom Market Size and Forecast, By Application, 2019 - 2032 (US$ Million)
- 9.3.9. France
- 9.3.9.1. Overview
- 9.3.9.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2019 - 2032, (US$ Million)
- 9.3.9.3. France Market Size and Forecast, By Product Type, 2019 - 2032 (US$ Million)
- 9.3.9.4. France Market Size and Forecast, By Application, 2019 - 2032 (US$ Million)
- 9.3.10. Russia
- 9.3.10.1. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2019 - 2032, (US$ Million)
- 9.3.10.2. Russia Market Size and Forecast, By Product Type, 2019 - 2032 (US$ Million)
- 9.3.10.3. Russia Market Size and Forecast, By Application, 2019 - 2032 (US$ Million)
- 9.3.11. Netherlands
- 9.3.11.1. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2019 - 2032, (US$ Million)
- 9.3.11.2. Netherlands Market Size and Forecast, By Product Type, 2019 - 2032 (US$ Million)
- 9.3.11.3. Netherlands Market Size and Forecast, By Application, 2019 - 2032 (US$ Million)
- 9.3.12. Sweden
- 9.3.12.1. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2019 - 2032, (US$ Million)
- 9.3.12.2. Sweden Market Size and Forecast, By Product Type, 2019 - 2032 (US$ Million)
- 9.3.12.3. Sweden Market Size and Forecast, By Application, 2019 - 2032 (US$ Million)
- 9.3.13. Poland
- 9.3.13.1. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2019 - 2032, (US$ Million)
- 9.3.13.2. Poland Market Size and Forecast, By Product Type, 2019 - 2032 (US$ Million)
- 9.3.13.3. Poland Market Size and Forecast, By Application, 2019 - 2032 (US$ Million)
- 9.3.14. Rest of Europe
- 9.3.14.1. Overview
- 9.3.14.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2019 - 2032, (US$ Million)
- 9.3.14.3. Rest of the Europe Market Size and Forecast, By Product Type, 2019 - 2032 (US$ Million)
- 9.3.14.4. Rest of the Europe Market Size and Forecast, By Application, 2019 - 2032 (US$ Million)
- 9.4. Asia Pacific (APAC)
- 9.4.1. Overview
- 9.4.2. Engineered Stone Key Manufacturers in Asia Pacific
- 9.4.3. Asia Pacific Market Size and Forecast, By Country, 2019 - 2032 (US$ Million)
- 9.4.4. Asia Pacific Market Size and Forecast, By Product Type, 2019 - 2032 (US$ Million)
- 9.4.5. Asia Pacific Market Size and Forecast, By Application, 2019 - 2032 (US$ Million)
- 9.4.6. India
- 9.4.6.1. Overview
- 9.4.6.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2019 - 2032, (US$ Million)
- 9.4.6.3. India Market Size and Forecast, By Product Type, 2019 - 2032 (US$ Million)
- 9.4.6.4. India Market Size and Forecast, By Application, 2019 - 2032 (US$ Million)
- 9.4.7. China
- 9.4.7.1. Overview
- 9.4.7.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2019 - 2032, (US$ Million)
- 9.4.7.3. China Market Size and Forecast, By Product Type, 2019 - 2032 (US$ Million)
- 9.4.7.4. China Market Size and Forecast, By Application, 2019 - 2032 (US$ Million)
- 9.4.8. Japan
- 9.4.8.1. Overview
- 9.4.8.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2019 - 2032, (US$ Million)
- 9.4.8.3. Japan Market Size and Forecast, By Product Type, 2019 - 2032 (US$ Million)
- 9.4.8.4. Japan Market Size and Forecast, By Application, 2019 - 2032 (US$ Million)
- 9.4.9. South Korea
- 9.4.9.1. Overview
- 9.4.9.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2019 - 2032, (US$ Million)
- 9.4.9.3. South Korea Market Size and Forecast, By Product Type, 2019 - 2032 (US$ Million)
- 9.4.9.4. South Korea Market Size and Forecast, By Application, 2019 - 2032 (US$ Million)
- 9.4.10. Australia
- 9.4.10.1. Overview
- 9.4.10.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2019 - 2032, (US$ Million)
- 9.4.10.3. Australia Market Size and Forecast, By Product Type, 2019 - 2032 (US$ Million)
- 9.4.10.4. Australia Market Size and Forecast, By Application, 2019 - 2032 (US$ Million)
- 9.4.11. Thailand
- 9.4.11.1. Overview
- 9.4.11.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2019 - 2032, (US$ Million)
- 9.4.11.3. Thailand Market Size and Forecast, By Product Type, 2019 - 2032 (US$ Million)
- 9.4.11.4. Thailand Market Size and Forecast, By Application, 2019 - 2032 (US$ Million)
- 9.4.12. Indonesia
- 9.4.12.1. Overview
- 9.4.12.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2019 - 2032, (US$ Million)
- 9.4.12.3. Indonesia Market Size and Forecast, By Product Type, 2019 - 2032 (US$ Million)
- 9.4.12.4. Indonesia Market Size and Forecast, By Application, 2019 - 2032 (US$ Million)
- 9.4.13. Philippines
- 9.4.13.1. Overview
- 9.4.13.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2019 - 2032, (US$ Million)
- 9.4.13.3. Philippines Market Size and Forecast, By Product Type, 2019 - 2032 (US$ Million)
- 9.4.13.4. Philippines Market Size and Forecast, By Application, 2019 - 2032 (US$ Million)
- 9.4.14. Rest of APAC
- 9.4.14.1. Overview
- 9.4.14.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2019 - 2032, (US$ Million)
- 9.4.14.3. Rest of APAC Market Size and Forecast, By Product Type, 2019 - 2032 (US$ Million)
- 9.4.14.4. Rest of APAC Market Size and Forecast, By Application, 2019 - 2032 (US$ Million)
- 9.5. Latin America
- 9.5.1. Overview
- 9.5.2. Engineered Stone Key Manufacturers in Latin America
- 9.5.3. Latin America Market Size and Forecast, By Country, 2019 - 2032 (US$ Million)
- 9.5.4. Latin America Market Size and Forecast, By Product Type, 2019 - 2032 (US$ Million)
- 9.5.5. Latin America Market Size and Forecast, By Application, 2019 - 2032 (US$ Million)
- 9.5.6. Brazil
- 9.5.6.1. Overview
- 9.5.6.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2019 - 2032, (US$ Million)
- 9.5.6.3. Brazil Market Size and Forecast, By Product Type, 2019 - 2032 (US$ Million)
- 9.5.6.4. Brazil Market Size and Forecast, By Application, 2019 - 2032 (US$ Million)
- 9.5.7. Mexico
- 9.5.7.1. Overview
- 9.5.7.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2019 - 2032, (US$ Million)
- 9.5.7.3. Mexico Market Size and Forecast, By Product Type, 2019 - 2032 (US$ Million)
- 9.5.7.4. Mexico Market Size and Forecast, By Application, 2019 - 2032 (US$ Million)
- 9.5.8. Argentina
- 9.5.8.1. Overview
- 9.5.8.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2019 - 2032, (US$ Million)
- 9.5.8.3. Argentina Market Size and Forecast, By Product Type, 2019 - 2032 (US$ Million)
- 9.5.8.4. Argentina Market Size and Forecast, By Application, 2019 - 2032 (US$ Million)
- 9.5.9. Colombia
- 9.5.9.1. Overview
- 9.5.9.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2019 - 2032, (US$ Million)
- 9.5.9.3. Colombia Market Size and Forecast, By Product Type, 2019 - 2032 (US$ Million)
- 9.5.9.4. Colombia Market Size and Forecast, By Application, 2019 - 2032 (US$ Million)
- 9.5.10. Rest of LATAM
- 9.5.10.1. Overview
- 9.5.10.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2019 - 2032, (US$ Million)
- 9.5.10.3. Rest of LATAM Market Size and Forecast, By Product Type, 2019 - 2032 (US$ Million)
- 9.5.10.4. Rest of LATAM Market Size and Forecast, By Application, 2019 - 2032 (US$ Million)
- 9.6. Middle East and Africa
- 9.6.1. Overview
- 9.6.2. Engineered Stone Key Manufacturers in Middle East and Africa
- 9.6.3. Middle East and Africa Market Size and Forecast, By Country, 2019 - 2032 (US$ Million)
- 9.6.4. Middle East and Africa Market Size and Forecast, By Product Type, 2019 - 2032 (US$ Million)
- 9.6.5. Middle East and Africa Market Size and Forecast, By Application, 2019 - 2032 (US$ Million)
- 9.6.6. Saudi Arabia
- 9.6.6.1. Overview
- 9.6.6.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2019 - 2032, (US$ Million)
- 9.6.6.3. Saudi Arabia Market Size and Forecast, By Product Type, 2019 - 2032 (US$ Million)
- 9.6.6.4. Saudi Arabia Market Size and Forecast, By Application, 2019 - 2032 (US$ Million)
- 9.6.7. United Arab Emirates
- 9.6.7.1. Overview
- 9.6.7.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2019 - 2032, (US$ Million)
- 9.6.7.3. United Arab Emirates Market Size and Forecast, By Product Type, 2019 - 2032 (US$ Million)
- 9.6.7.4. United Arab Emirates Market Size and Forecast, By Application, 2019 - 2032 (US$ Million)
- 9.6.8. Israel
- 9.6.8.1. Overview
- 9.6.8.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2019 - 2032, (US$ Million)
- 9.6.8.3. Israel Market Size and Forecast, By Product Type, 2019 - 2032 (US$ Million)
- 9.6.8.4. Israel Market Size and Forecast, By Application, 2019 - 2032 (US$ Million)
- 9.6.9. Turkey
- 9.6.9.1. Overview
- 9.6.9.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2019 - 2032, (US$ Million)
- 9.6.9.3. Turkey Market Size and Forecast, By Product Type, 2019 - 2032 (US$ Million)
- 9.6.9.4. Turkey Market Size and Forecast, By Application, 2019 - 2032 (US$ Million)
- 9.6.10. Algeria
- 9.6.10.1. Overview
- 9.6.10.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2019 - 2032, (US$ Million)
- 9.6.10.3. Algeria Market Size and Forecast, By Product Type, 2019 - 2032 (US$ Million)
- 9.6.10.4. Algeria Market Size and Forecast, By Application, 2019 - 2032 (US$ Million)
- 9.6.11. Egypt
- 9.6.11.1. Overview
- 9.6.11.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2019 - 2032, (US$ Million)
- 9.6.11.3. Egypt Market Size and Forecast, By Product Type, 2019 - 2032 (US$ Million)
- 9.6.11.4. Egypt Market Size and Forecast, By Application, 2019 - 2032 (US$ Million)
- 9.6.12. Rest of MEA
- 9.6.12.1. Overview
- 9.6.12.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2019 - 2032, (US$ Million)
- 9.6.12.3. Rest of MEA Market Size and Forecast, By Product Type, 2019 - 2032 (US$ Million)
- 9.6.12.4. Rest of MEA Market Size and Forecast, By Application, 2019 - 2032 (US$ Million)
10. Key Vendor Analysis- Engineered Stone Industry
- 10.1. Competitive Dashboard
- 10.2. Company Profiles
- 10.2.1. LX Hausys
- 10.2.2. Johnson Marble & Quartz
- 10.2.3. Technistone A.S.
- 10.2.4. Caesarstone Ltd.
- 10.2.5. Belenco
- 10.2.6. Quarella Group Ltd.
- 10.2.7. Quartzforms
- 10.2.8. Stone Italiana S.p.A.
- 10.2.9. Cosentino S.A.
- 10.2.10. Others
11. 360 Degree Analyst View
12. Appendix
- 12.1. Research Methodology
- 12.2. References
- 12.3. Abbreviations
- 12.4. Disclaimer
- 12.5. Contact Us