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Engineered Stone Market worth $41.95 billion by 2030, growing at a CAGR of 7.57% - Exclusive Report by 360iResearch
The "Engineered Stone Market by Product (Blocks & Slabs, Tiles), Type (Engineered Marble, Quartz), Application - Global Forecast 2024-2030" report has been added to 360iResearch.com's offering.The Global Engineered Stone Market to grow from USD 25.16 billion in 2023 to USD 41.95 billion by 2030, at a CAGR of 7.57%.
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Engineered stone is primarily a composite material made of crushed stone fixed together by an adhesive to create a solid surface, and they include polymer concrete, engineered quartz, and engineered marble stone. This stone has all the properties of solid stone, such as fire resistance and strength, with improved durability. Engineered stone has been primarily used in kitchen tops and bathroom countertops and has currently been used across modern interior projects. The availability of a diverse range of engineered stones through online channels has expanded their commercialization further. However, the quality limitations of engineered stones and the health & environmental impacts of engineered stones significantly impact their utilization. Market players have been focusing on introducing high-performing, sustainably engineered stone to expand their product presence. A growing number of green building & construction initiatives worldwide has also elevated the production of bio-based engineered stone. The quartz and other minerals used to make premanufactured countertops are mostly waste by-products, and some manufacturers use organic resins from non-food vegetable oils.
The Asia-Pacific engineered stone market is growing, driven by the availability of abundant materials for production and the increasing number of stone flooring manufacturing facilities. There is an increasing establishment of cafes in China, South Korea, Japan, and Thailand, seeking high-quality and durable kitchen tops. There is strong demand for engineered stone products in the bathroom as it replaces materials such as acrylic and porcelain. The EMEA is also home to some of the major engineered stone markers, with demand for products for their increasing building construction projects. The region is shifting to green building with the help of government initiatives, accelerating the need for green building materials, including engineered stone. Many European companies have a diverse base of customers in Spain, France, the UK, and Italy. The Americas observes a rising number of modern interior design projects requiring innovative and creative flooring and tiling solutions.
Market Segmentation & Coverage:
This research report categorizes the Engineered Stone Market in order to forecast the revenues and analyze trends in each of following sub-markets:
Based on Product, market is studied across Blocks & Slabs and Tiles. The Blocks & Slabs is projected to witness significant market share during forecast period.
Based on Type, market is studied across Engineered Marble and Quartz. The Engineered Marble is projected to witness significant market share during forecast period.
Based on Application, market is studied across Countertops and Flooring. The Countertops is projected to witness significant market share during forecast period.
Based on Region, market is studied across Americas, Asia-Pacific, and Europe, Middle East & Africa. The Americas is further studied across Argentina, Brazil, Canada, Mexico, and United States. The United States is further studied across California, Florida, Illinois, New York, Ohio, Pennsylvania, and Texas. The Asia-Pacific is further studied across Australia, China, India, Indonesia, Japan, Malaysia, Philippines, Singapore, South Korea, Taiwan, Thailand, and Vietnam. The Europe, Middle East & Africa is further studied across Denmark, Egypt, Finland, France, Germany, Israel, Italy, Netherlands, Nigeria, Norway, Poland, Qatar, Russia, Saudi Arabia, South Africa, Spain, Sweden, Switzerland, Turkey, United Arab Emirates, and United Kingdom. The Asia-Pacific is projected to witness significant market share during forecast period.
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FPNV Positioning Matrix:
The FPNV Positioning Matrix is essential for assessing the Engineered Stone Market. It provides a comprehensive evaluation of vendors by examining key metrics within Business Strategy and Product Satisfaction, allowing users to make informed decisions based on their specific needs. This advanced analysis then organizes these vendors into four distinct quadrants, which represent varying levels of success: Forefront (F), Pathfinder (P), Niche (N), or Vital(V).
Market Share Analysis:
The Market Share Analysis offers an insightful look at the current state of vendors in the Engineered Stone Market. By comparing vendor contributions to overall revenue, customer base, and other key metrics, we can give companies a greater understanding of their performance and what they are up against when competing for market share. The analysis also sheds light on just how competitive any given sector is about accumulation, fragmentation dominance, and amalgamation traits over the base year period studied.
Key Company Profiles:
The report delves into recent significant developments in the Engineered Stone Market, highlighting leading vendors and their innovative profiles. These include A.St.A. WORLD-WIDE, Aristech Acrylics LLC, Baba Quartz, Belenco, Caesarstone Ltd., Compac, Cosentino, S.A., Diresco nv, E I DuPont India Pvt Ltd, Eurosurfaces Portugal, S.A., Guangdong Overland Ceramics Co., Ltd., H & R Johnson By Prism Johnson Limited, Haique, Johnson Marble & Quartz, L X Hausys, Quartzforms, Staron, Stone Italiana S. P. A., Stone World, Technistone A.S., Technistone, S.R.O., Vicostone, and Virginia Marble Manufacturers, Inc..
Key Topics Covered:
1. Preface
2. Research Methodology
3. Executive Summary
4. Market Overview
5. Market Insights
6. Engineered Stone Market, by Product
7. Engineered Stone Market, by Type
8. Engineered Stone Market, by Application
9. Americas Engineered Stone Market
10. Asia-Pacific Engineered Stone Market
11. Europe, Middle East & Africa Engineered Stone Market
12. Competitive Landscape
13. Competitive Portfolio
The report provides insights on the following pointers:
1. Market Penetration: Provides comprehensive information on the market offered by the key players
2. Market Development: Provides in-depth information about lucrative emerging markets and analyzes penetration across mature segments of the markets
3. Market Diversification: Provides detailed information about new product launches, untapped geographies, recent developments, and investments
4. Competitive Assessment & Intelligence: Provides an exhaustive assessment of market shares, strategies, products, certification, regulatory approvals, patent landscape, and manufacturing capabilities of the leading players
5. Product Development & Innovation: Provides intelligent insights on future technologies, R&D activities, and breakthrough product developments
The report answers questions such as:
1. What is the market size and forecast of the Engineered Stone Market?
2. Which are the products/segments/applications/areas to invest in over the forecast period in the Engineered Stone Market?
3. What is the competitive strategic window for opportunities in the Engineered Stone Market?
4. What are the technology trends and regulatory frameworks in the Engineered Stone Market?
5. What is the market share of the leading vendors in the Engineered Stone Market?
6. What modes and strategic moves are considered suitable for entering the Engineered Stone Market?
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About 360iResearch
360iResearch is a market research and business consulting company headquartered in India, with clients and focus markets spanning the globe.
We are a dynamic, nimble company that believes in carving ambitious, purposeful goals and achieving them with the backing of our greatest asset - our people.
Quick on our feet, we have our ear to the ground when it comes to market intelligence and volatility. Our market intelligence is diligent, real-time and tailored to your needs, and arms you with all the insight that empowers strategic decision-making.
Our clientele encompasses about 80% of the Fortune Global 500, and leading consulting and research companies and academic institutions that rely on our expertise in compiling data in niche markets. Our meta-insights are intelligent, impactful and infinite, and translate into actionable data that support your quest for enhanced profitability, tapping into niche markets, and exploring new revenue opportunities.
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