PUBLISHER: Allied Market Research | PRODUCT CODE: 1140239
PUBLISHER: Allied Market Research | PRODUCT CODE: 1140239
The global engineered stone market was valued at $21.1 billion in 2021, and is projected to reach $35.1 billion by 2031, growing at a CAGR of 5.3% from 2022 to 2031.
Engineered stone commonly known as agglomerated stone, is a composite material. Crushed stone is joined together with cement or another adhesive to produce it. Engineered stones such as polymer concrete, engineered quartz, and engineered marble stone are available in the market. Engineered stone can be used to create raised access floors with any system on the market, either by producing panels through lamination with slabs of varying thicknesses or by using slabs of varying thicknesses. Engineered stones can also be used to make skirting, risers, back splashes, door frames, window sills, steps, and other architectural components.
Engineered stones can also be used to make skirting, risers, back splashes, door frames, window sills, steps, and other architectural components. Engineered Stone can be used to create raised access floors with any system on the market, either by producing panels through lamination with slabs of varying thicknesses or by using slabs of varying thicknesses.
On the basis of accurate designs or with the help of custom-cut forms, kitchen countertops and shelves of any size and shape can be manufactured; they can also be coated against stains using specific solutions. Engineered stones have also been used successfully in the field of furnishing accessories; the material is suitable for various applications, such as tabletops and fireplace coverings.
Using engineered stone in the production of semi-finished goods with special specifications, such as steps for use in self-supporting stairways, which are made from two laminated slabs with fiber glass mesh in between, is of particular importance (these slabs can then be polished on both sides) This process produces structural parts with extraordinarily high bending strength, and these steps may be placed and linked using specific metallic connectors.
The increase in engineered stone adoption as an environmentally sustainable and aesthetically pleasing low-cost alternative to natural stones such as marble and granite, are helping to boost the market. As a result of the COVID-19 epidemic, the construction industry has been failing and is hindering the expansion of engineered stone market. In addition, factors such as low awareness and high capital costs are hampering market growth in some emerging economies. Growth in popularity of residential renovations and the need to redevelop old buildings are expected to continue to create opportunities in the engineered stone market. The demand for engineered stone from commercial sector is increasing and thus increasing the expansion of engineered stone market.
The engineered stone market is segmented on the basis of product, application and region. On the basis of product, the market is categorized into tiles and blocks & slabs. On the basis of application, the market is categorized into countertops, flooring and others. On the basis of region, the market is studied across North America, Europe, Asia-Pacific, and LAMEA.
Major players operating in the global engineered stone market are A.St.A. WORLD-WIDE, Belenco, Caesarstone Ltd., Cosentino S.A., Granite & Marble Specialties, H & R Johnson, LX Hausys, Q.R.B.G.s.r.l., Quartzforms, SantaMargherita, Silestone, Stone Italiana S.P.A., Technistone s.r.o, Topzstone, VICOSTONE. Other players operating in the engineered stone market are RMS, Diresco, Viatera USA.
Key Benefits For Stakeholders
IMPACT OF COVID-19 ON THE GLOBAL ENGINEERED STONE MARKET
Key Market Segments
By Product Type
By Application
By Region