Engineered Stone Market Is Likely to Experience a Strong Growth During 2021-2026

Stratview Research has announced a new report on the Engineered Stone Market. According to the report, the market size is likely to witness a healthy CAGR of 4.8% during the forecast period. Ability of engineered stones to provide enhanced appearance along with high durability and easy maintenance is likely to drive the market during the forecast period.

Market Segmentation
The Engineered Stone Market is segmented by Product Type (Tiles and Blocks & Slabs), by Application Type (Countertops, Flooring, and Others), and by Region (North America, Europe, Asia-Pacific, and Rest of the World).

According to the report, the market is segmented as tiles and blocks & slabs. The blocks & slabs segment held the larger share of the market in 2020, and is expected to remain dominant during the forecast period. Blocks and slabs are highly preferred in kitchen applications in both residential and commercial buildings. They been gaining traction in the market due to their benefits such as lesser susceptibility to stains caused by food items and being more aesthetically appealing than natural stones.

Based on the application type, the engineered stone market is segmented as countertops, flooring and others. The countertops segment leads the market with more than 70% share owing to surge in population and increasing spending power of people, leading to construction of new houses in the urban and sub-urban areas globally.

In terms of regions, Asia-Pacific is estimated to be the largest as well as the fastest growing market for engineered stones during the forecast period, with China, Japan, India, and Australia being the major countries with promising growth opportunities. The growth of the region can be attributed to increasing per-capita income of countries, extensive growth of construction industries, and presence of a large number of engineered stone manufacturers in countries present in the Asia-Pacific region. North America and Europe are also expected to offer substantial growth opportunities during the forecast period.

How stakeholders can benefit from this report –
This report covers a thorough analysis of the following segments:
- Engineered Stone Market Dynamics.
- Market Size and forecast from 2021 till 2026.
- Supply & Demand Value Chain.
- Engineered Stone Market Current Trends/Issues/Challenges.
- Competition & Companies involved.
- Effecting Technology.
- Engineered Stone Market Drivers and Restraints.

Research Methodology
The report provides a thorough analysis that reflects today’s Engineered Stone Market realities and future market possibilities. The information provided in the report can play a crucial role for the users as well as investors, or those who are planning to step into the industry, in formulating the growth strategies to expedite their growth process.
Experts at Stratview have compiled this report after following a detailed research methodology comprising secondary research, and primary interviews with industry stakeholders. Several authenticated sources such as company annual reports, fact books, press releases, white papers, and articles have been leveraged to gather the data.

Key Players
The following are the key players in the Engineered Stone Market.

• A.St.A. WORLD-WIDE
• Brenton S.p.A.
• Cosentino S.A.
• Diresco
• Johnson Marble & Quartz
• LG Hausys
• Quartzforms
• Stone Italiana S.p.A.
• Technistone A.S.
• VICOSTONE.

Read More: https://www.stratviewresearch.com/1775/engineered-stone-market.html

Report Customization Options
With this detailed report, Stratview Research also offers one of the following (complementary) customization options to our valued clients:
- Company Profiling -Detailed profiling of additional market players (up to three players)
- Competitive Benchmarking - Benchmarking of key players on the following parameters: Product portfolio, geographical reach, regional presence, and strategic alliances.

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This release was published on openPR.