Surging Construction Industry Fuels Growth In The Engineered Stone Market: A Key Factor Shaping the Future of the Engineered Stone Market in 2025

What combination of drivers is leading to accelerated growth in the engineered stone market?
The boom in the construction sector is projected to drive the expansion of the engineered stone market. These synthetic stones are commonly utilized in residential building projects for fabricating kitchen countertops, flooring, façade tiles, and other architectural structures. The enhanced features of engineered stone, including its resistance to bacteria, scratches, and heat, make it a preferred option for both residential and commercial construction ventures. An increasing number of commercial and residential projects is anticipated to amplify the consumption of engineered stone throughout the predicted period. For example, Eurostat, a governmental agency based in Europe, reported in February 2024 that the mean yearly building output in the EU and the euro area rose by 0.1% and 0.2% respectively, relative to 2022. Therefore, the burgeoning growth in the construction sector is fuelling the expansion of the engineered stone market.

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What is the projected compound annual growth rate (CAGR) of the engineered stone market from 2025 to 2034, and what factors influence it?
In the last few years, the size of the engineered stone market has experienced significant growth. This market's scope is set to escalate from $27.64 billion in 2024 to $29.35 billion in 2025, reflecting a compound annual growth rate (CAGR) of 6.2%. Factors contributing to this historic growth include a favorable low-interest rate climate, an increase in single-family home constructions, the escalating requirement for energy-efficient resources, robust economic expansion in emerging markets, and a surge in global population.

The market for engineered stone is set to witness consistent expansion in the coming years, reaching a valuation of $35.47 billion by 2029, at a compound annual growth rate of 4.8%. This projected growth is primarily driven by factors such as global increases in population and urbanization, enhanced infrastructure development, swift industrialization, government emphasis on construction, and a growing commitment to sustainability. Key trends for the market during the forecasted period encompass the production and creation of engineered stone using recycled materials, the utilization of hybrid print technology for improved surface aesthetics, development for high-end stone surfaces and fixtures, the launch of engineered stones devoid of PVC (polyvinyl chloride) and plasticizers, as well as the introduction of easily-installable engineered stone products.

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How are the latest trends influencing the growth of the engineered stone market?
The primary market players in the engineered stone sector are concentrating on eco-friendly manufacturing methods and inventive patterns to provide a broad selection of visually appealing, highly efficient surfaces that enhance both domestic and commercial ambiances. The varied design applications allow for numerous fresh aesthetics in different settings, such as home, business, and leisure facilities, paving the way for a vast spectrum of artistic and efficient interior design possibilities. For example, Corian, an American firm specialising in solid surface materials, unveiled its Corian Quartz 2024 aesthetics in April of 2024. This included new compilations inspired by quartzite and natural stones like the Quartzite Collection, Iconic Stone Collection, and Elegant Neutrals Collection featuring unique vein designs and shade variations aiming to flawlessly weave the splendour of mother nature into home and office environments.

What are the major segments of the engineered stone market and their role in driving growth?
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

Subsegments:
1) By Tiles And Blocks: Engineered Stone Tiles, Engineered Stone Blocks
2) By Slabs: Thin Slabs, Standard Thickness Slabs

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Which regions are key players in the growth of the engineered stone market?
Asia-Pacific was the largest region in the engineered stone market in 2024. The regions covered in the engineered stone market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

Who are the key firms paving the way for growth in the engineered stone market?
Major companies operating in the engineered stone market include 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

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What Is Covered In The Engineered Stone Global Market Report?

• Market Size Forecast: Examine the engineered stone market size across key regions, countries, product categories, and applications.
• Segmentation Insights: Identify and classify subsegments within the engineered stone market for a structured understanding.
• Key Players Overview: Analyze major players in the engineered stone market, including their market value, share, and competitive positioning.
• Growth Trends Exploration: Assess individual growth patterns and future opportunities in the engineered stone market.
• Segment Contributions: Evaluate how different segments drive overall growth in the engineered stone market.
• Growth Factors: Highlight key drivers and opportunities influencing the expansion of the engineered stone market.
• Industry Challenges: Identify potential risks and obstacles affecting the engineered stone market.
• Competitive Landscape: Review strategic developments in the engineered stone market, including expansions, agreements, and new product launches.

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