Global Engineered Stone Market Overview Covering Forecast Market Size And Growth Rate 2033 | LX Hausys, Ltd, Cosentino S.A., Caesarstone Ltd, Vicostone Jsc, Wilsonart LLC

"The Business Research Company has recently revised its global market reports, now incorporating the most current data for 2024 along with projections extending up to 2033.

Engineered Stone Global Market Report 2024 by The Business Research Company offers comprehensive market insights, empowering businesses with a competitive edge. It includes detailed estimates for numerous segments and sub-segments, providing valuable strategic guidance.

The Market Size Is Expected To Reach $34.28 billion In 2028 At A CAGR Of 5.3% :

The engineered stone market size has grown strongly in recent years. It will grow from $26.24 billion in 2023 to $27.89 billion in 2024 at a compound annual growth rate (CAGR) of 6.3%. The growth in the historic period can be attributed to low interest rate environment, rising single family constructions, growing demand for energy-efficient materials, strong economic growth in emerging markets and growth in world population..

The engineered stone market size is expected to see strong growth in the next few years. It will grow to $34.28 billion in 2028 at a compound annual growth rate (CAGR) of 5.3%. The growth in the forecast period can be attributed to global population growth and urbanization, increasing infrastructure development, rapid industrialization, government focus towards construction and increasing focus towards sustainability. Major trends in the forecast period include manufacturing and development of engineered stone from recycled materials, leveraging hybrid print technology to advance surface aesthetics, focusing on the development of luxurious stone surfaces and accessories, introducing engineered stone which is free of pvc (polyvinyl chloride) and plasticizers and introducing engineered stone which is easy to install..

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Engineered Stone Market Major Segments
The engineered stone market covered in this report is segmented -

1) By Type: Tiles And Blocks, Slabs
2) By Process: Cold Curing, Hot Curing
3) By Application: Countertops, Flooring, Wall, Facades, Others

Key Driver - Surging Construction Industry Fuels Growth In The Engineered Stone Market

The high growth in the construction industry is expected to propel the growth of the engineered stone market. Engineered stones are widely used in the construction of residential projects for kitchen countertops, floors, façade tiles, and other architectural applications. The added benefits of engineered stone, such as bacteria-resistant nature, scratch-resistant nature, and heat resistance, make them an ideal choice for residential and commercial construction projects. The rapid surge in the construction of commercial and residential projects is expected to boost the usage of engineered stones during the forecast period. For instance, in June 2021, according to the Stats NZ Tatauranga Aotearoa, a New Zealand-based government data agency, building activities increased by 3.7 percent in March 2021. Further, in 2021, residential activities rose 4.3 percent compared to 2020. Additionally, according to the US Census Bureau, The value of construction activities increased from $1,626.4 billion in 2021 to $1,792.9 billion in 2022 with a growth rate of 10.2 percent. Therefore, the high growth in the construction industry is driving the growth of the engineered stone market.

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Prominent Trend - Engineered Stone Market Leaders Embrace Sustainability With Recycled Material Developments

The key players in the engineered stone market are focusing on the manufacturing and development of engineered stone from recycled materials to meet their efforts toward 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.

Engineered Stone Market Players
Major companies operating in the engineered stone market report are LX Hausys, Ltd, Cosentino S.A., Caesarstone Ltd, Vicostone Jsc, Wilsonart LLC, Quarella Group Ltd, Quartzforms, Diresco, Granite & Marble Specialties, Leko Stone Co., Ltd, De Well Group Korea Co., Ltd, Stone Ambassador, Ydl Stone, Australian Stone, Gitani Stone Australia, Ramolia Ceramic, Mystic Stone Private Limited, Aakar Granites, Taanj, Kalingastone, Quantra, Guangzhou Hercules Quartz Stone Co., Ltd, Shandong Lylongsen Material Co., Ltd, Foshan Strong Quartz Co., Ltd, Yunfu Wayon Stone Co., Ltd, Viva Quartz Stone, Santa Margherita Spa, Johnson Marble & Quartz, Technistone A.S, A.St.A. World-Wide, Belenco, Gransena, Exotic Stones, Granos, Alicante, Magban, Thor Granitos, Magnitos, Top Marmore, Laka Granite, Patagonia Stone S.A, Granito Serrano S.A, Matavelli, Mina Marbles, Glaze Granite & Marble, Prestige Stone Llc, Grani Marmo Classic, Jama Marble & Granite, Marble Homes, Cabinet Of Engineering For Development (Caïd), The African Engineering Company (Safi), Soned Afrique, Julius Berger Nigeria Plc, Thabimndeni Construction & Projects Cc, Reynolds Construction Company

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Largest And Fastest Growing Region In The Market
Asia-Pacific was the largest region in the engineered stone market in 2023. The regions covered in the engineered stone market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

The Table Of Content For The Market Report Include:
1. Executive Summary
2. Engineered Stone Market Report Structure
3. Engineered Stone Market Trends And Strategies
4. Engineered Stone Market - Macro Economic Scenario
5. Engineered Stone Market Size And Growth
…..
27. Engineered Stone Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix

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