The global demand for Engineered Stone Market is presumed to reach the market size of nearly USD XX MN by 2027 from USD XX MN in 2020 with a CAGR of XX% under the study period 2021 - 2027.
Engineered stone is a composite material, which is also known as agglomerated stone. It is made by binding crushed stone with adhesive such as polymeric resin or cement mixture. Polymer concrete, engineered quartz, and engineered marble stone are few of the engineered stones available in the market. Engineered stone is widely used in kitchen countertops, walls, and flooring applications. Engineered stone is non-porous and is harder as well as flexible than natural stone. They are resistant to bacterial growth and thus help in maintaining a hygienic environment. Engineered stones do not crack due to the presence of polymeric resins such as epoxy, polyester, etc. These polymeric resins prevent cracking of engineered stone under flexural pressure and allow flexibility to the stone.
Development of attractive and aesthetic infrastructure is key driver for increasing usage of engineered stone across the globe. Due to its elegant appearance, an engineered stone has been popular choice for home application such as use in vanities, kitchen countertops, walls, flooring, etc. Engineered stones are resistant to bacterial growth and thus help in maintaining hygienic environment, which is prominent factor driving the global engineered stone market.
Rapid growth in construction and building industry is increasing the demand for engineered stone across the globe. Properties such as non- porous and durability makes engineered stones suitable for applications in hospital food facilities, canteen and commercial buildings. Engineered stones can be produced in large size and its non-porous nature allows it to be used in wet area such as washroom, swimming pool, shower and bath tub, etc. Engineered stones find its potential use in wide range of applications accelerating its growth and demand in the global market. The cost of the engineered stone is higher than other stone depending on its production process and the form of engineered stone can be a restraining factor for global engineered stone market.
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 engineered stone. The growth and trends of engineered stone industry provide a holistic approach to this study.
This section of the engineered stone 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.
- Kitchen Countertops
- Bathroom Countertops
This section covers the regional outlook, which accentuates current and future demand for the Engineered Stone 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.
Global Engineered Stone Market Share by Region (Representative Graph)
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 engineered stone market include Granite & Marble Specialties, St.A. WORLD-WIDE, Diresco, Viatera USA, Quartzforms, RMS, Santa Margherita Spa, Silestone and Stone Italiana S.p.A. 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.
This market research report has been produced by gathering information based on primary and secondary research. Secondary research has been done using various sources, including (but not limited to) Company Websites, Paid Data Sources, Technical Journals, Financial Reports, SEC Filings, and other different industry publications. Additionally, our team conducts extensive primary research with key industry participants to gather first-hand data. The data is then analyzed and validated by industry experts.
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