Engineered Stone market forecast 2023-2032 - Trends, Industry Insights, Growth, Size and Analysis | LX Hausys, Ltd, Cosentino S.A, Caesarstone Ltd, vicostone jsc, Wilsonart LLC

As per The Business Research Company's Engineered Stone Opportunities And Strategies Market Report 2023, The engineered stone market size reached a value of nearly $23,304.5 million in 2021, having grown at a compound annual growth rate (CAGR) of 4.0% since 2016. The market is expected to grow from $23,304.5 million in 2021 to $31,693.0 million in 2026 at a rate of 6.3%. The engineered stone market size is then expected to grow at a CAGR of 4.7% from 2026 and reach $39,902.0 million in 2031.      

Increasing infrastructure development is expected to increase the growth of the engineered stone market. Infrastructure development refers to the construction of basic foundational services in order to stimulate economic growth and quality of life improvement.

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The companies in the engineered stone market are focusing on the manufacturing and development of engineered stone from recycled materials to meet their efforts towards sustainability and a low-carbon future.

For instance, in March 2021, Stone Italiana, an Italy-based manufacturer of engineered stone, launched a new range of engineered stone called Cosmolite, manufactured from inert pre-consumer recycled materials. This stone was certified with LEED v4 Green Gold, NSF 51 Food Contact and the ability to produce low volatile organic compound emissions.

The top opportunities in the engineered stone market segmented by type will arise in the blocks and slabs segment, which will gain $7,422.3 millions of global annual sales by 2026. The top opportunities in segment by process will arise in the hot curing segment, which will gain $6,902.6 millions of global annual sales by 2026. The top opportunities in segment by application will arise in the countertops segment, which will gain $4,913.4 millions of global annual sales by 2026. The engineered stone market size will gain the most in the USA at $1,473.6 millions.

Engineered Stone Market Segmentation:
The Engineered Stone market is segmented by type, by process, and by application.

By Type -
The engineered stone market is segmented by type into
a) Tiles And Blocks
b) Slabs

By Process -
The engineered stone market is segmented by process into
a) Cold Curing
b) Hot Curing

By Application -
The engineered stone market is segmented by application into
a) Countertops
b) Flooring, Wall
c) Facades
d) Others

Major players in the Engineered Stone market include LX Hausys, Ltd, Cosentino S.A, Caesarstone Ltd, vicostone jsc, Wilsonart LLC.

The regions covered in the global Engineered Stone market are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

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The latest report from The Business Research Company, 'Global Engineered Stone Opportunities And Strategies Market Report - Forecast To 2032,' provides a comprehensive global perspective with data and statistics from 60+ geographies, analyzing 7000+ market segments. The regional and country breakdowns section offers insights into each geography's market analysis, size, historic and forecast growth, and key strategies for industry competitiveness.

Engineered Stone Market Report Table Of Content

1. Executive Summary
2. Table of Contents
3. List of Figures
4. List of Tables
5. Report Structure
……
19. Company Profiles
20. Key Mergers and Acquisitions
21. Opportunities And Strategies
22. Engineered Stone Market, Conclusions And Recommendations
23. Appendix

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