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Global Engineered Stone Market Size, Share, Growth, Trends, Forecast: By Product: Blocks and Slabs, Tiles; By Application: Countertops, Flooring, Others; Regional Analysis; Market Dynamics: SWOT Analysis, Porter’s Five Forces Analysis, Key Indicators for Demand; Competitive Landscape; Key Trends and Developments in the Market; 2024-2032
Global Engineered Stone Market Outlook
The global engineered stone market size reached a value of approximately USD 25.00 billion in 2023. The market is further projected to grow at a CAGR of 5.50% between 2024 and 2032, reaching a value of USD 40.48 billion by 2032.
Key Trends in the Market
Engineered stone is made up of crushed stone bound together by adhesives for creating a solid surface. The resilient nature of these stones and availability of a wide variety of colours and designs is increasing their popularity. Due to their non-porous nature, they prevent bacterial and fungal growth, making them suitable for commercial applications.
- Increasing home remodelling and reconstruction activities are boosting the utilisation of engineered stones for flooring and countertop applications due to their durable nature as well as for boosting the aesthetic appeal of the household, aiding the engineered stone market expansion.
- The applications of engineered stones in commercial buildings for designing washrooms and kitchens are rising. The stylish nature of the stones helps in increasing the aesthetic appeal of commercial spaces whereas the durable and long-lasting nature allows them to cater to a large footfall.
- The adoption of custom designed countertops is increasing as they fit perfectly in the allocated space and do not have any odd finishes and angles; even in limited spacing custom countertops ensure smooth working.
Market Analysis
Based on product, the market is bifurcated into blocks and slabs and tiles. On the basis of application, the market is divided into countertops and flooring. By region, the market is segmented into North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.
The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis. The report gives a detailed analysis of the following key players in the global engineered stone market, covering their competitive landscape and latest developments like mergers, acquisitions, investments, and expansion plans.
- Belenco
- Caesarstone Ltd.
- Efesus Stone
- Prism Johnson Limited
- LX Hausys, Ltd.
- Q.R.B.G. S.r.l.
- Quartzforms Spa
- Santa Margherita S.p.a.
- Stone Italiana S.p.A.
- Technostone
- Others
Market Share by Application
The flooring application is expected to account for a significant share of the market over the forecast period, owing to the growing utilisation of engineered stones due to their non-porous and water-resistant nature. The durable and easy to clean nature of engineered stone is increasing their adoption in basements, kitchens, and bathrooms as they are able to withstand heavy foot traffic and provide a natural and elegant appeal to the room.
Market Share by Region
The Asia Pacific is anticipated to witness significant growth in the coming years due to increased adoption of engineered stones for decoration and construction purposes in non-residential and residential sectors. Presence of various key market players and manufacturers such as Efesus Stone and Prism Johnson Limited in the region along with the adoption of aggressive marketing and promotional strategies is aiding the engineered stone market growth. Rising industrialisation and urbanisation are boosting the utilisation of engineered stones in construction sector for flooring and wall cladding, among others.
Competitive Landscape
Caesarstone Ltd. is known for the marketing and production of quartz surfaces used in vanity tops, kitchen countertops, and flooring, among others. The company was founded in 1987 and is based in Sdot Yam, Israel.
Efesus Stone is known for providing travertine and marble, among other stone types for bathrooms, kitchens, and other living spaces. The company was established in 1943 and is headquartered in Ä°scehisar, Turkey.
Prism Johnson Limited is one of the leading integrated building materials company providing a wide range of products such as tiles, cement, and ready-mixed concrete. The company was founded in 1992 and is based in Telangana, India.
Other players in the engineered stone market include Belenco, LX Hausys, Ltd., Q.R.B.G. S.r.l., Quartzforms Spa, Santa Margherita S.p.a., Stone Italiana S.p.A., and Technostone, among others.
Key Highlights of the Report
| REPORT FEATURES | DETAILS |
| Base Year | 2023 |
| Historical Period | 2018-2023 |
| Forecast Period | 2024-2032 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
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| Breakup by Product |
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| Breakup by Application |
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| Breakup by Region |
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| Market Dynamics |
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| Competitive Landscape |
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| Companies Covered |
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*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.
1 Preface
2 Report Coverage – Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Market Snapshot
6.1 Global
6.2 Regional
7 Opportunities and Challenges in the Market
8 Global Engineered Stone Market Analysis
8.1 Key Industry Highlights
8.2 Global Engineered Stone Historical Market (2018-2023)
8.3 Global Engineered Stone Market Forecast (2024-2032)
8.4 Global Engineered Stone Market by Product
8.4.1 Blocks and Slabs
8.4.1.1 Historical Trend (2018-2023)
8.4.1.2 Forecast Trend (2024-2032)
8.4.2 Tiles
8.4.2.1 Historical Trend (2018-2023)
8.4.2.2 Forecast Trend (2024-2032)
8.5 Global Engineered Stone Market by Application
8.5.1 Countertops
8.5.1.1 Historical Trend (2018-2023)
8.5.1.2 Forecast Trend (2024-2032)
8.5.2 Flooring
8.5.2.1 Historical Trend (2018-2023)
8.5.2.2 Forecast Trend (2024-2032)
8.5.3 Others
8.6 Global Engineered Stone Market by Region
8.6.1 North America
8.6.1.1 Historical Trend (2018-2023)
8.6.1.2 Forecast Trend (2024-2032)
8.6.2 Europe
8.6.2.1 Historical Trend (2018-2023)
8.6.2.2 Forecast Trend (2024-2032)
8.6.3 Asia Pacific
8.6.3.1 Historical Trend (2018-2023)
8.6.3.2 Forecast Trend (2024-2032)
8.6.4 Latin America
8.6.4.1 Historical Trend (2018-2023)
8.6.4.2 Forecast Trend (2024-2032)
8.6.5 Middle East and Africa
8.6.5.1 Historical Trend (2018-2023)
8.6.5.2 Forecast Trend (2024-2032)
9 North America Engineered Stone Market Analysis
9.1 United States of America
9.1.1 Historical Trend (2018-2023)
9.1.2 Forecast Trend (2024-2032)
9.2 Canada
9.2.1 Historical Trend (2018-2023)
9.2.2 Forecast Trend (2024-2032)
10 Europe Engineered Stone Market Analysis
10.1 United Kingdom
10.1.1 Historical Trend (2018-2023)
10.1.2 Forecast Trend (2024-2032)
10.2 Germany
10.2.1 Historical Trend (2018-2023)
10.2.2 Forecast Trend (2024-2032)
10.3 France
10.3.1 Historical Trend (2018-2023)
10.3.2 Forecast Trend (2024-2032)
10.4 Italy
10.4.1 Historical Trend (2018-2023)
10.4.2 Forecast Trend (2024-2032)
10.5 Others
11 Asia Pacific Engineered Stone Market Analysis
11.1 China
11.1.1 Historical Trend (2018-2023)
11.1.2 Forecast Trend (2024-2032)
11.2 Japan
11.2.1 Historical Trend (2018-2023)
11.2.2 Forecast Trend (2024-2032)
11.3 India
11.3.1 Historical Trend (2018-2023)
11.3.2 Forecast Trend (2024-2032)
11.4 ASEAN
11.4.1 Historical Trend (2018-2023)
11.4.2 Forecast Trend (2024-2032)
11.5 Australia
11.5.1 Historical Trend (2018-2023)
11.5.2 Forecast Trend (2024-2032)
11.6 Others
12 Latin America Engineered Stone Market Analysis
12.1 Brazil
12.1.1 Historical Trend (2018-2023)
12.1.2 Forecast Trend (2024-2032)
12.2 Argentina
12.2.1 Historical Trend (2018-2023)
12.2.2 Forecast Trend (2024-2032)
12.3 Mexico
12.3.1 Historical Trend (2018-2023)
12.3.2 Forecast Trend (2024-2032)
12.4 Others
13 Middle East and Africa Engineered Stone Market Analysis
13.1 Saudi Arabia
13.1.1 Historical Trend (2018-2023)
13.1.2 Forecast Trend (2024-2032)
13.2 United Arab Emirate
13.2.1 Historical Trend (2018-2023)
13.2.2 Forecast Trend (2024-2032)
13.3 Nigeria
13.3.1 Historical Trend (2018-2023)
13.3.2 Forecast Trend (2024-2032)
13.4 South Africa
13.4.1 Historical Trend (2018-2023)
13.4.2 Forecast Trend (2024-2032)
13.5 Others
14 Market Dynamics
14.1 SWOT Analysis
14.1.1 Strengths
14.1.2 Weaknesses
14.1.3 Opportunities
14.1.4 Threats
14.2 Porter’s Five Forces Analysis
14.2.1 Supplier’s Power
14.2.2 Buyer’s Power
14.2.3 Threat of New Entrants
14.2.4 Degree of Rivalry
14.2.5 Threat of Substitutes
14.3 Key Indicators for Demand
14.4 Key Indicators for Price
15 Competitive Landscape
15.1 Market Structure
15.2 Company Profiles
15.2.1 Belenco
15.2.1.1 Company Overview
15.2.1.2 Product Portfolio
15.2.1.3 Demographic Reach and Achievements
15.2.1.4 Certifications
15.2.2 Caesarstone Ltd.
15.2.2.1 Company Overview
15.2.2.2 Product Portfolio
15.2.2.3 Demographic Reach and Achievements
15.2.2.4 Certifications
15.2.3 Efesus Stone
15.2.3.1 Company Overview
15.2.3.2 Product Portfolio
15.2.3.3 Demographic Reach and Achievements
15.2.3.4 Certifications
15.2.4 Prism Johnson Limited
15.2.4.1 Company Overview
15.2.4.2 Product Portfolio
15.2.4.3 Demographic Reach and Achievements
15.2.4.4 Certifications
15.2.5 LX Hausys, Ltd.
15.2.5.1 Company Overview
15.2.5.2 Product Portfolio
15.2.5.3 Demographic Reach and Achievements
15.2.5.4 Certifications
15.2.6 Q.R.B.G. S.r.l.
15.2.6.1 Company Overview
15.2.6.2 Product Portfolio
15.2.6.3 Demographic Reach and Achievements
15.2.6.4 Certifications
15.2.7 Quartzforms Spa
15.2.7.1 Company Overview
15.2.7.2 Product Portfolio
15.2.7.3 Demographic Reach and Achievements
15.2.7.4 Certifications
15.2.8 Santa Margherita S.p.a.
15.2.8.1 Company Overview
15.2.8.2 Product Portfolio
15.2.8.3 Demographic Reach and Achievements
15.2.8.4 Certifications
15.2.9 Stone Italiana S.p.A.
15.2.9.1 Company Overview
15.2.9.2 Product Portfolio
15.2.9.3 Demographic Reach and Achievements
15.2.9.4 Certifications
15.2.10 Technostone
15.2.10.1 Company Overview
15.2.10.2 Product Portfolio
15.2.10.3 Demographic Reach and Achievements
15.2.10.4 Certifications
15.2.11 Others
16 Key Trends and Developments in the Market
List of Key Figures and Tables
1. Global Engineered Stone Market: Key Industry Highlights, 2018 and 2032
2. Global Engineered Stone Historical Market: Breakup by Product (USD Billion), 2018-2023
3. Global Engineered Stone Market Forecast: Breakup by Product (USD Billion), 2024-2032
4. Global Engineered Stone Historical Market: Breakup by Application (USD Billion), 2018-2023
5. Global Engineered Stone Market Forecast: Breakup by Application (USD Billion), 2024-2032
6. Global Engineered Stone Historical Market: Breakup by Region (USD Billion), 2018-2023
7. Global Engineered Stone Market Forecast: Breakup by Region (USD Billion), 2024-2032
8. North America Engineered Stone Historical Market: Breakup by Country (USD Billion), 2018-2023
9. North America Engineered Stone Market Forecast: Breakup by Country (USD Billion), 2024-2032
10. Europe Engineered Stone Historical Market: Breakup by Country (USD Billion), 2018-2023
11. Europe Engineered Stone Market Forecast: Breakup by Country (USD Billion), 2024-2032
12. Asia Pacific Engineered Stone Historical Market: Breakup by Country (USD Billion), 2018-2023
13. Asia Pacific Engineered Stone Market Forecast: Breakup by Country (USD Billion), 2024-2032
14. Latin America Engineered Stone Historical Market: Breakup by Country (USD Billion), 2018-2023
15. Latin America Engineered Stone Market Forecast: Breakup by Country (USD Billion), 2024-2032
16. Middle East and Africa Engineered Stone Historical Market: Breakup by Country (USD Billion), 2018-2023
17. Middle East and Africa Engineered Stone Market Forecast: Breakup by Country (USD Billion), 2024-2032
18. Global Engineered Stone Market Structure
Key Questions Answered in the Report
The market reached a value of approximately USD 25.00 billion in 2023.
The market is projected to grow at a CAGR of 5.50% between 2024 and 2032.
The market is estimated to witness a healthy growth in the forecast period of 2024-2032 to reach USD 40.48 billion by 2032.
The major market drivers include increasing development of old buildings, growing popularity of open kitchens, and increasing emphasis on enhancing the aesthetics of buildings.
The key trends fuelling the growth of the market include increasing home remodelling and reconstruction activities, rising requirement in commercial buildings, and growing popularity of custom designed countertops.
The major regions in the market are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.
The applications of engineered stones include countertops and flooring.
The key players in the market are Belenco, Caesarstone Ltd., Efesus Stone, Prism Johnson Limited, LX Hausys, Ltd., Q.R.B.G. S.r.l., Quartzforms Spa, Santa Margherita S.p.a., Stone Italiana S.p.A., and Technostone, among others.
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