Engineered Stone Market

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; 2023-2028

Global Engineered Stone Market Outlook

The global engineered stone market size reached a value of approximately USD 23.7 billion in 2022. The market is further projected to grow at a CAGR of 5.50% between 2023 and 2028, reaching a value of USD 32.68 billion by 2028.

 

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 2022
Historical Period 2018-2022
Forecast Period 2023-2028
Scope of the Report

Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:

  • Product
  • Application
  • Region
Breakup by Product
  • Blocks and Slabs
  • Tiles
Breakup by Application
  • Countertops
  • Flooring
  • Others
Breakup by Region
  • North America
    • United States of America 
    • Canada
  • Europe
    • United Kingdom
    • Germany
    • France
    • Italy
    • Others
  • Asia Pacific
    • China
    • Japan
    • India
    • ASEAN
    • Australia
    • Others
  • Latin America
    • Brazil
    • Argentina
    • Mexico
    • Others
  • Middle East and Africa
    • Saudi Arabia
    • United Arab Emirates
    • Nigeria
    • South Africa
    • Others
Market Dynamics
  • SWOT
  • Porter's Five Forces
  • Key Indicators for Demand
  • Key Indicators for Price
Competitive Landscape
  • Market Structure
  • Company Profiles
    • Company Overview
    • Product Portfolio
    • Demographic Reach and Achievements
    • Certifications
Companies Covered
  • 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

 

*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 (2018-2022) 
    8.3    Global Engineered Stone Market Forecast (2023-2028)
    8.4    Global Engineered Stone Market by Product
        8.4.1    Blocks and Slabs
            8.4.1.1    Historical Trend (2018-2022)
            8.4.1.2    Forecast Trend (2023-2028)
        8.4.2    Tiles
            8.4.2.1    Historical Trend (2018-2022)
            8.4.2.2    Forecast Trend (2023-2028)
    8.5    Global Engineered Stone Market by Application
        8.5.1    Countertops
            8.5.1.1    Historical Trend (2018-2022)
            8.5.1.2    Forecast Trend (2023-2028)
        8.5.2    Flooring
            8.5.2.1    Historical Trend (2018-2022)
            8.5.2.2    Forecast Trend (2023-2028)
        8.5.3    Others  
    8.6    Global Engineered Stone Market by Region
        8.6.1    North America
            8.6.1.1    Historical Trend (2018-2022) 
            8.6.1.2    Forecast Trend (2023-2028)
        8.6.2    Europe
            8.6.2.1    Historical Trend (2018-2022) 
            8.6.2.2    Forecast Trend (2023-2028)
        8.6.3    Asia Pacific
            8.6.3.1    Historical Trend (2018-2022) 
            8.6.3.2    Forecast Trend (2023-2028)
        8.6.4    Latin America
            8.6.4.1    Historical Trend (2018-2022) 
            8.6.4.2    Forecast Trend (2023-2028)
        8.6.5    Middle East and Africa
            8.6.5.1    Historical Trend (2018-2022) 
            8.6.5.2    Forecast Trend (2023-2028)
9    North America Engineered Stone Market Analysis
    9.1    United States of America 
        9.1.1    Historical Trend (2018-2022) 
        9.1.2    Forecast Trend (2023-2028)
    9.2    Canada
        9.2.1    Historical Trend (2018-2022) 
        9.2.2    Forecast Trend (2023-2028)
10    Europe Engineered Stone Market Analysis
    10.1    United Kingdom
        10.1.1    Historical Trend (2018-2022) 
        10.1.2    Forecast Trend (2023-2028)
    10.2    Germany
        10.2.1    Historical Trend (2018-2022) 
        10.2.2    Forecast Trend (2023-2028)
    10.3    France
        10.3.1    Historical Trend (2018-2022) 
        10.3.2    Forecast Trend (2023-2028)
    10.4    Italy
        10.4.1    Historical Trend (2018-2022) 
        10.4.2    Forecast Trend (2023-2028)
    10.5    Others
11    Asia Pacific Engineered Stone Market Analysis
    11.1    China
        11.1.1    Historical Trend (2018-2022) 
        11.1.2    Forecast Trend (2023-2028)
    11.2    Japan
        11.2.1    Historical Trend (2018-2022) 
        11.2.2    Forecast Trend (2023-2028)
    11.3    India
        11.3.1    Historical Trend (2018-2022) 
        11.3.2    Forecast Trend (2023-2028)
    11.4    ASEAN
        11.4.1    Historical Trend (2018-2022) 
        11.4.2    Forecast Trend (2023-2028)
    11.5    Australia
        11.5.1    Historical Trend (2018-2022) 
        11.5.2    Forecast Trend (2023-2028)
    11.6    Others
12    Latin America Engineered Stone Market Analysis
    12.1    Brazil
        12.1.1    Historical Trend (2018-2022) 
        12.1.2    Forecast Trend (2023-2028)
    12.2    Argentina
        12.2.1    Historical Trend (2018-2022) 
        12.2.2    Forecast Trend (2023-2028)
    12.3    Mexico
        12.3.1    Historical Trend (2018-2022) 
        12.3.2    Forecast Trend (2023-2028)
    12.4    Others
13    Middle East and Africa Engineered Stone Market Analysis
    13.1    Saudi Arabia
        13.1.1    Historical Trend (2018-2022) 
        13.1.2    Forecast Trend (2023-2028)
    13.2    United Arab Emirate
        13.2.1    Historical Trend (2018-2022) 
        13.2.2    Forecast Trend (2023-2028)
    13.3    Nigeria
        13.3.1    Historical Trend (2018-2022) 
        13.3.2    Forecast Trend (2023-2028)
    13.4    South Africa
        13.4.1    Historical Trend (2018-2022) 
        13.4.2    Forecast Trend (2023-2028)
    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 2028 
2.    Global Engineered Stone Historical Market: Breakup by Product (USD Billion), 2018-2022
3.    Global Engineered Stone Market Forecast: Breakup by Product (USD Billion), 2023-2028
4.    Global Engineered Stone Historical Market: Breakup by Application (USD Billion), 2018-2022
5.    Global Engineered Stone Market Forecast: Breakup by Application (USD Billion), 2023-2028
6.    Global Engineered Stone Historical Market: Breakup by Region (USD Billion), 2018-2022
7.    Global Engineered Stone Market Forecast: Breakup by Region (USD Billion), 2023-2028
8.    North America Engineered Stone Historical Market: Breakup by Country (USD Billion), 2018-2022
9.    North America Engineered Stone Market Forecast: Breakup by Country (USD Billion), 2023-2028
10.    Europe Engineered Stone Historical Market: Breakup by Country (USD Billion), 2018-2022
11.    Europe Engineered Stone Market Forecast: Breakup by Country (USD Billion), 2023-2028
12.    Asia Pacific Engineered Stone Historical Market: Breakup by Country (USD Billion), 2018-2022
13.    Asia Pacific Engineered Stone Market Forecast: Breakup by Country (USD Billion), 2023-2028
14.    Latin America Engineered Stone Historical Market: Breakup by Country (USD Billion), 2018-2022
15.    Latin America Engineered Stone Market Forecast: Breakup by Country (USD Billion), 2023-2028
16.    Middle East and Africa Engineered Stone Historical Market: Breakup by Country (USD Billion), 2018-2022
17.    Middle East and Africa Engineered Stone Market Forecast: Breakup by Country (USD Billion), 2023-2028
18.    Global Engineered Stone Market Structure

Key Questions Answered in the Report

The market reached a value of approximately USD 23.7 billion in 2022.

The market is projected to grow at a CAGR of 5.50% between 2023 and 2028.

The market is estimated to witness a healthy growth in the forecast period of 2023-2028 to reach USD 32.68 billion by 2028.

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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