PUBLISHER: Freedonia Group | PRODUCT CODE: 1139420
PUBLISHER: Freedonia Group | PRODUCT CODE: 1139420
Engineered Stone Countertops
This Freedonia industry study analyzes the $17.7 billion engineered stone countertops market in the US. It presents historical demand data (2011, 2016, and 2021) and forecasts (2026 and 2031) by market (residential, commercial, vehicle), project type (new, remodeling) and area of installation (kitchen, bathroom, other areas). The study also offers competitive analysis on industry competitors including market share for Caesarstone, Cambria, Cosentino, LX Hausys, and Vicostone.
Demand for engineered stone countertops is expected to rise 9.6% per year to 404 million square feet in 2026, solidifying the material's position as the most popular type of countertop in the country. This strong rate of growth will be supported by:
- consumers preferring more natural looking surfaces
- the increasing availability of the material and selection of colors in line with current design trends from both domestic and foreign suppliers
- increasing usage in high-end lodging and institutional construction due to engineered stone's favorable aesthetics and performance properties
- an abundant supply of low-cost quartz slabs from India and Vietnam
While kitchens represent the largest application for engineered stone countertops, as these rooms tend to have the largest amount of counter space, design trends are also driving increased usage in bathroom vanities as well as in countertops in other areas of the home, such as wet bars. Homeowners are looking to bring a cohesive design aesthetic throughout their homes and elevate all spaces with attractive materials.
Engineered Stone Continues to Gain Share Over Competitive Countertop Surface Materials
In 2021, engineered stone surpassed laminate to become the most used countertop material in the US, driven by a rapid increase in low-cost slab imports over the past decade. As prices declined and color availability expanded, consumers became more willing to purchase higher cost engineered stone countertops. Engineered stone will continue to expand its market share over competitive materials, supported by:
- strong consumer preferences for the aesthetics and quality of engineered stone over laminates
- advantages relative to natural stone such as color uniformity and a smoother, nonporous surface that is resistant to biological contaminants
Low-Cost Imports from India & Vietnam Fill Supply Gap Resulting from Tariffs on China
Once the largest source of quartz slab imports to the US, China now exports less than 1 million square feet of the material to the US per year. After steep tariffs were imposed on quartz slabs from China in 2018, US producers and fabricators sought other sources of low-cost quartz slab to fill the supply gap. Imports from India, Turkey, and Vietnam significantly increased, more than making up for the supply losses from China. While antidumping duties were also imposed on quartz slabs from India and Turkey in 2019, these tariffs were lower than those imposed on China, and import activity from both countries has remained strong.
Table of Contents
1. Executive Summary
2. About This Report
Report Details
Study Scope & Product Description
Impact of COVID-19 Pandemic
3. Overview
Historical Market Trends
Supply & Demand
Pricing Trends
Competitive Products
Global Perspective
4. Factors Impacting Countertop Demand
Building Construction Outlook
Sustainability Trends
Green Building Initiatives
Recycled Content
Health Concerns
Product Quality Standards
Installation Costs
5. Markets
Demand by Market
Residential Buildings
Commercial Buildings
Vehicles
6. Areas of Installation
Demand by Area of Installation
Kitchen Countertops
Bathroom Countertops
Other Areas of Installation
7. Key Suppliers & Market Share
Industry Composition
Market Share
Mergers & Acquisitions
Manufacturing
8. Appendix
Scope
Definitions
Freedonia Methodology
Study-Specific Methodology
Sources
Associations & Agencies
Related Studies & Reports
Macroeconomic Assumptions
Economic Environment
Demographic Trends
Building Construction
Residential Building Construction
Residential Improvements & Repairs
Commercial Building Construction
Commercial Building Improvements & Repairs
Housing Completions
Housing Stock
Consumer Financing
List of Tables
2. About This Report
Table 2-1 | Annual Engineered Stone Countertop Demand by Market, 2019 - 2022 (million square feet)
3. Overview
Table 3-1 | Engineered Stone Countertop Demand, 2011 - 2021 (million dollars & million square feet)
Table 3-2 | Engineered Stone Countertop Supply & Demand, 2011 - 2031 (million dollars)
5. Markets
Table 5-1 | Engineered Stone Countertop Demand by Market, 2011 - 2031 (million square feet & million dollars)
Table 5-2 | Residential Buildings Market for Engineered Stone Countertops by Area of Installation & Project Type, 2011 - 2031 (million square feet)
Table 5-3 | Commercial Buildings Market for Engineered Stone Countertops by Area of Installation & Project Type, 2011 - 2031 (million square feet)
Table 5-4 | Vehicle Market for Engineered Stone Countertops by Project Type, 2011 - 2031 (million square feet)
6. Areas of Installation
Table 6-1 | Engineered Stone Countertop Demand by Area of Installation, 2011 - 2031 (million square feet)
Table 6-2 | Engineered Stone Kitchen Countertop Demand by Market, 2011 - 2031 (million square feet)
Table 6-3 | Engineered Stone Bathroom Countertop Demand by Market, 2011 - 2031 (million square feet)
Table 6-4 | Other Engineered Stone Countertop Demand by Market, 2011 - 2031 (million square feet)
7. Key Suppliers & Market Share
Table 7-1 | Selected Mergers & Acquisitions
8. Appendix
Table 8-1 | Relevant Industry Codes
Table 8-2 | Relevant HS Codes
Table 8-3 | Macroeconomic Indicators, 2011 - 2031 (billion 2012 dollars)
Table 8-4 | Population & Households, 2011 - 2031 (million persons)
Table 8-5 | Building Construction Expenditures, 2011 - 2031 (billion 2012 dollars & billion dollars)
Table 8-6 | Residential Building Construction Expenditures, 2011 - 2031 (billion 2012 dollars & billion dollars)
Table 8-7 | Residential Improvement & Repair Expenditures, 2011 - 2031 (billion 2012 dollars & billion dollars)
Table 8-8 | Commercial Building Construction Expenditures, 2011 - 2031 (billion 2012 dollars & billion dollars)
Table 8-9 | Commercial Building Improvement & Repair Expenditures, 2011 - 2031 (billion 2012 dollars & billion dollars)
Table 8-10 | New Housing Indicators, 2011 - 2031
Table 8-11 | Housing Stock by Type, 2011 - 2031 (million units)
Table 8-12 | Consumer Financing Environment, 2011 - 2021
List of Figures
1. Executive Summary
Figure 1-1 | Engineered Stone Countertops Market
2. About This Report
Figure 2-1 | Engineered Stone Countertops: Product Examples
Figure 2-2 | Engineered Stone Countertop Volume Demand by Market, 2019 - 2023 (% annual change)
3. Overview
Figure 3-1 | Engineered Stone Countertop Demand, 2007 - 2021 (million square feet)
Figure 3-2 | Engineered Stone Countertop Prices, 2011 - 2031 (dollars per square foot)
Figure 3-3 | Imported vs. Domestic Engineered Stone Countertop Prices, 2011 - 2021 (dollars per square foot)
Figure 3-4 | Comparative Growth: Engineered Stone Countertops & Competitive Products, 2021 - 2026 (% CAGR)
Figure 3-5 | Global Demand for Engineered Stone Countertops by Region, 2021 - 2026 (million square meters)
4. Factors Impacting Countertop Demand
Figure 4-1 | Engineered Stone Countertops: Material & Installation Costs, 2021 (dollars per square foot)
5. Markets
Figure 5-1 | Engineered Stone Countertop Demand by Market, 2011 - 2031 (million square feet)
Figure 5-2 | Residential Engineered Stone Countertop Demand by Project Type, 2011 - 2031 (million square feet)
Figure 5-3 | Commercial Engineered Stone Countertop Demand by Project Type, 2011 - 2031 (million square feet)
Figure 5-4 | Vehicle Engineered Stone Countertop Demand by Project Type, 2011 - 2031 (million square feet)
6. Areas of Installation
Figure 6-1 | Engineered Stone Countertop Demand by Area of Installation, 2011 - 2031 (million square feet)
Figure 6-2 | Engineered Stone Kitchen Countertop Demand by Market, 2011 - 2031 (million square feet)
Figure 6-3 | Engineered Stone Bathroom Countertop Demand by Market, 2011 - 2031 (million square feet)
Figure 6-4 | Other Engineered Stone Countertop Demand by Market, 2011 - 2031 (million square feet)
7. Key Suppliers & Market Share
Figure 7-1 | Engineered Stone Countertop Market Share by Company, 2021 (million square feet)
8. Appendix
Figure 8-1 | New Housing Square Footage by Housing Type, 2006 - 2021 (average square feet per unit)
Figure 8-2 | Housing Stock: Share by Year of Construction, 2021 (percent)
