PUBLISHER: Value Market Research | PRODUCT CODE: 1342923
PUBLISHER: Value Market Research | PRODUCT CODE: 1342923
The global demand for Quartz Sink Market is presumed to reach the market size of nearly USD 445.16 MN by 2030 from USD 260.82 MN in 2022 with a CAGR of 6.12% under the study period 2023 - 2030.
Quartz sinks generally refer to a basin made of dense stone and a kind of acrylic polymer formulation which offers strength and flexibility, making them highly unlikely to crack. These sinks are used to clean utensils and hands during cooking and after eating. It can be a focal point of the kitchen with its clean, modern design. Quartz sinks come with glossy, satin, and anti-scratch finishes ensuring it looks good for many years.
The increase in residential households and commercial construction, such as hotels, restaurants, and hospitals, fuels the demand for quartz sinks. Moreover, the market is driven by the growing trend of renovating old and traditional kitchens with modern fixtures. Consumers' interest is growing as the number of nuclear families increases, as does the demand for more quartz sink bowls for cleaning and washing. Furthermore, the desire to make houses more attractive and comfortable has encouraged the growth of various innovative quartz sinks in the market. Additionally, the increase in spending power on home improvement projects is driving the market growth during the forecast period. However, continuous fluctuations in raw materials prices are one of the key factors that hinder the market growth. On the other side, the rise in health issues has made consumers more conscious of the importance of cooking at home, which has increased demand for quartz sinks.
The research report covers Porter's Five Forces Model, Market Attractiveness Analysis, and Value Chain analysis. These tools help to get a clear picture of the industry's structure and evaluate the competition attractiveness at a global level. Additionally, these tools also give an inclusive assessment of each segment in the global market of quartz sink. The growth and trends of quartz sink industry provide a holistic approach to this study.
This section of the quartz sink market report provides detailed data on the segments at country and regional level, thereby assisting the strategist in identifying the target demographics for the respective product or services with the upcoming opportunities.
This section covers the regional outlook, which accentuates current and future demand for the Quartz Sink market across North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. Further, the report focuses on demand, estimation, and forecast for individual application segments across all the prominent regions.
The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide. The major players in the quartz sink market include Kohler Co., BLANCO, Franke Holding AG, Oliveri Solutions, Elkay Manufacturing Company, Astracast (KAD Group Limited.), Moen Incorporated, Teka Group, Alveus, Ruvati USA. This section consists of a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.
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