Engineered Stone Market Growing Popularity and Emerging Trends in the Market During Forecast Period 2021-2025

Revolutionizing perceptions and higher awareness levels about the prevailing growth rate of pollution are propelling significant gains across the global engineered stone market. Manufacturers and constructors are reaping the benefits of the production and consumption of recyclable engineered stone.

As compared to natural stones, these stones are affordable, pleasing, and sustainable. These stones are either created using crushed waste stone or from natural stone beds or quarries which makes the environment friendly. Engineered stone finds its application in flooring, kitchen worktops, internal cladding, bathroom furnishings, and vanity shops to mention a few.

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With the global building and construction industry growing perpetually, the demand for engineered stone has risen incessantly. These stones are highly customizable and non-porous in nature and can be produced in large sizes. Furthermore, engineered stones can also be used in wet areas which include bathtubs, swimming pools, showers, washrooms, etc. Consequently, the increased application of engineered stones across diverse spheres has escalated its demand all over the globe. On the whole, increased utilization of eco-friendly construction materials, a rise in demand for aesthetically pleasing, and durable alternatives to natural stones create headways for market expansion.

Competitive Landscape - Staunch Players Steering the Market Growth

Major players are seeking an edge by virtue of portfolio expansion, customization, and investing time and efforts to establish innovation in their installation services. Engineered stones are often prone to stains when coming in contact with harsh chemical-based products and oils. To overcome the challenge, brands are diligently working to come forward with a fresh range of engineered stones with stainless surfaces using the stone marks.

World over, the leading players dominating the engineered stone domain include :
1. Viatera USA
2. Diresco
3. Silestone
4. St.A. WORLD-WIDE
5. LG Hausys
6. RMS
7. Johnson Marble & Quartz
8. Cosentino S.A.
9. Stone Italiana S.p.A.
10. Topzstone
11. Tchnistone
12. Quartzforms
13. Vicostone
14. Technistone a.s.
15. Santa Margherita Spa.

Recycled Engineered Stone Segment is Lucrative with Fresh Opportunities and Applications

Recently, engineered stones products are vastly being recycled. This not only ensures sustenance of the environment but also reduces the cost of production. Moreover, the application of engineered stones in non-conventional areas has witnessed a sharp incline. These newer applications of recycled engineered stones are at the beating heart of product development. Besides, these engineered stones are highly recyclable and lower carbon emissions are making these more preferable choices for usage across the globe. Innovative ways of application coming into existence viz surging demand for DIY and artwork materials have opened up doors for opportunities to players operating in the field.

Asia Pacific Dominates Regional Segment of Engineered Stone Market

Asia Pacific holds a major share in the worldwide consumption of engineered stones. Future holds positive dynamics for the counties such as China, India, Japan, Indonesia, Philippines, and Vietnam. The growth in the regions is attributed to the growth in construction activities, rising urbanization and inconstant economic status. Significant utilization of eco-friendly and recyclable materials makes the U.S. one of the leading customers for engineered stone across North America.

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Recently, Europe has been on a steady trajectory in consuming engineered stone. The region is flourishing on the solid turf of renovation and repair activities in the UK, Germany, and France. Growing construction activities and rising construction index are anticipated to provide remunerative opportunities to the manufacturers across European countries viz Denmark, the Netherlands, and Poland.

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