Engineered Stone Market Statistics, Size Will Hit $35.1 billion by 2031| Growth with Recent Trends & Demand

According to the report published by Allied Market Research, the global engineered stone market amassed revenue of $21.1 billion in 2021, and is expected to hit $35.1 billion by 2031, registering a CAGR of 5.3% from 2022 to 2031. The market research study provides a detailed analysis of changing industry trends, top-most segments, value chain analysis, key investment business scenarios, regional space, and competitive space. The study is a key information source for giant players, entrepreneurs, shareholders, and owners in generating new strategies for the future and taking steps to enhance their market position. The report displays an in-depth quantitative analysis of the market from 2022 to 2031 and guides investors in allocating funds to the rapidly evolving industry

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Covid-19 Scenario

► The Covid-19 pandemic negatively impacted the growth of the global engineered stone market, due to delays in construction activities in developed countries.

► Large number of construction and renovation activities came to a halt during the COVID-19 period, thereby impeding the global market growth.

► Relaxation of restrictions on trade activities has translated into a massive expansion of the global market post-pandemic.

The report offers detailed segmentation of the global engineered stone market based on product type, application, and region. It provides a comprehensive analysis of every segment and sub-segment in tables and figures through which consumers can derive a conclusion about market trends and insights. The market report analysis aids organizations, investors, and entrepreneurs in understanding which sub-segments are to be tapped for achieving huge growth in the years ahead.

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In terms of product type, the blocks and slabs segment was the largest in 2021, accounting for nearly 95% of the overall share of the global engineered stone market. Moreover, this segment is predicted to retain its dominant position during the forecast timespan. In addition, the segment is set to record the highest CAGR of 5.3% from 2022 to 2031. The report also provides an overall analysis of the segments such as tiles segment.

On basis of the application, the countertops segment held the largest share in 2021, contributing to around four-fifths of the overall engineered stone market. Moreover, this segment is predicted to account for the highest market share by 2031. However, the flooring segment is also anticipated to record the fastest CAGR of 6.5% during the forecast timeframe.

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Based on region, the Asia-Pacific contributed toward the highest market share in 2021, accounting for around two-fifths of the global engineered stone market share. Moreover, the region is also set to contribute majorly toward the global market share in 2031. Furthermore, the Asia-Pacific engineered stone market is predicted to register the highest CAGR of 6.2% during the forecast period. The research also analyzes regions including North America, LAMEA, and Europe.

Key Benefits For Stakeholders

► This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the engineered stone market analysis from 2021 to 2031 to identify the prevailing engineered stone market opportunities.

► The market research is offered along with information related to key drivers, restraints, and opportunities.

► Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.

► In-depth analysis of the engineered stone market segmentation assists to determine the prevailing market opportunities.

► Major countries in each region are mapped according to their revenue contribution to the global market.

► Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.

► The report includes the analysis of the regional as well as global engineered stone market trends, key players, market segments, application areas, and market growth strategies.

Leading Market Players

► A.St.A. WORLD-WIDE

► Topzstone

► Belenco

► Caesarstone Ltd

► Stone Italiana S.P.A

► Cosentino S.A

► Granite & Marble Specialties

► H & R Johnson

► Technistone s.r.o

► LX Hausys

► SantaMargherita

► Q.R.B.G. s.r.l

► Quartzforms

► SilestoneVICOSTONE

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