Sagar Joshi
by on November 16, 2021
NOV 16,2021/IndustryNewsGlobal/ The unexpected shifts in the global markets because of the sudden outbreak of the COVID-19 virus have brought many major and minor tremors to industries of all sizes including the Engineered Stone Market.

Engineered Stone Market is likely to witness a healthy CAGR of 4.8% during the forecast period. Ability of engineered stones to provide enhanced appearance along with high durability and easy maintenance is likely to drive the market during the forecast period.

Engineered stone is a composite material formed of crushed stone bound together by an adhesive. There are various benefits offered by these stones such as easy cleaning, no stains on surface, and availability of lots of color options.

By Product Type
Based on the product type, the market is segmented as tiles and blocks & slabs. The blocks & slabs segment held the larger share of the market in 2020, and is expected to remain dominant during the forecast period. Blocks and slabs are highly preferred in kitchen applications in both residential and commercial buildings. They been gaining traction in the market due to their benefits such as lesser susceptibility to stains caused by food items and being more aesthetically appealing than natural stones.

By Application Type
Based on the application type, the engineered stone market is segmented as countertops, flooring and others. The countertops segment leads the market with more than 70% share owing to surge in population and increasing spending power of people, leading to construction of new houses in the urban and sub-urban areas globally.

By Region
In terms of regions, Asia-Pacific is estimated to be the largest as well as the fastest growing market for engineered stones during the forecast period, with China, Japan, India, and Australia being the major countries with promising growth opportunities. The growth of the region can be attributed to increasing per-capita income of countries, extensive growth of construction industries, and presence of a large number of engineered stone manufacturers in countries present in the Asia-Pacific region. North America and Europe are also expected to offer substantial growth opportunities during the forecast period.

Key Players:
• Brenton S.p.A.
• Cosentino S.A.
• Diresco
• Johnson Marble & Quartz
• LG Hausys
• Quartzforms
• Stone Italiana S.p.A.
• Technistone A.S.

Features of the Report
This report offers high-quality insights and is the outcome of detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders and validation and triangulation with Stratview Research’s internal database and statistical tools.

The Engineered Stone Market analysis report discusses the following heads in great detail:
• Market structure: Overview, industry life cycle analysis, supply chain analysis
• COVID-19 Impact Assessment
• Market environment analysis: Growth drivers and constraints, Porter’s five forces analysis, SWOT analysis
• Market trend and forecast analysis
• Market segment trend and forecast
• Competitive landscape and dynamics: Market share, product portfolio, product launches, etc.
• Attractive market segments and associated growth opportunities
• Emerging trends
• Strategic growth opportunities for the existing and new players
• Key success factors

Customization of the Report:
This report can be customized to meet the client’s requirements. In order to provide more accurate market forecast, all the reports are updated before delivery.
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