Global Engineered Stone Market Growth 2023-2029

Global Engineered Stone Market Growth 2023-2029

Product Code:457671

Published Date: Feb 08,2023

Pages: 129

Region: Global

Category: Chemical & Material

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Engineered stone is a composite material made of crushed stone bound together by an adhesive, (most commonly polymer resin, with some newer versions using cement mix). The two common stones used in producing these products are marble and quartz. The application of these products depends on the original stone used. For engineered marbles the most common application is indoor flooring and walls, while the quartz based product is used primarily for kitchen countertops. Related materials include geopolymers and cast stone. Unlike terrazzo, the material is factory made in either blocks or slabs, cut and polished by fabricators, and assembled at the worksite.

LPI (LP Information)' newest research report, the “Engineered Stone Industry Forecast” looks at past sales and reviews total world Engineered Stone sales in 2022, providing a comprehensive analysis by region and market sector of projected Engineered Stone sales for 2023 through 2029. With Engineered Stone sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Engineered Stone industry.

This Insight Report provides a comprehensive analysis of the global Engineered Stone landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Engineered Stone portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms' unique position in an accelerating global Engineered Stone market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Engineered Stone and breaks down the forecast by type, by application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Engineered Stone.

The global Engineered Stone market size is projected to grow from US$ 18490 million in 2022 to US$ 32090 million in 2029; it is expected to grow at a CAGR of 32090 from 2023 to 2029.

Global Engineered Stone key players include DuPont, Staron (SAMSUNG), LG Hausys, Kuraray, Aristech Acrylics, etc. North America is the largest market, with a share about 25%, followed by Europe, with a share about 20 percent. In terms of product, Solid Surface is the largest segment, with a share about 90%. And in terms of application, the largest application is Bathroom, followed by Flooring, Kitchen Countertops, Facades, etc.

This report presents a comprehensive overview, market shares, and growth opportunities of Engineered Stone market by product type, application, key manufacturers and key regions and countries.

Market Segmentation:
Segmentation by type
    Solid Surface
    Engineered Quartz Stone

Segmentation by application
    Kitchen Countertops
    Facades
    Flooring
    Bathroom
    Others

This report also splits the market by region:
    Americas
        United States
        Canada
        Mexico
        Brazil
    APAC
        China
        Japan
        Korea
        Southeast Asia
        India
        Australia
    Europe
        Germany
        France
        UK
        Italy
        Russia
    Middle East & Africa
        Egypt
        South Africa
        Israel
        Turkey
        GCC Countries

The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.
    DuPont
    Staron (SAMSUNG)
    LX Hausys
    Kuraray
    Aristech Acrylics
    CXUN
    Wanfeng Compound Stone
    PengXiang Industry
    ChuanQi
    New SunShine Stone
    Leigei Stone
    GuangTaiXiang
    Relang Industrial
    Ordan
    Bitto
    Meyate Group
    Cosentino Group
    Caesarstone
    Hyundai L&C
    Compac
    Vicostone
    Cambria
    Santa Margherita
    Quartz Master
    SEIEFFE
    Quarella
    Lotte Chemical (Radianz)
    Zhongxun
    Sinostone
    Baoliya
    Qianyun

Key Questions Addressed in this Report
What is the 10-year outlook for the global Engineered Stone market?
What factors are driving Engineered Stone market growth, globally and by region?
Which technologies are poised for the fastest growth by market and region?
How do Engineered Stone market opportunities vary by end market size?
How does Engineered Stone break out type, application?
What are the influences of COVID-19 and Russia-Ukraine war?