IMARC Group, a leading market research company, has recently releases report titled, “Engineered Stone Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028“, The study provides a detailed analysis of the industry, including the global engineered stone market share, size, trends, and growth forecasts. The report also includes competitor and regional analysis and highlights the latest advancements in the market. Report Highlights:
How big is the engineered stone market?
The global engineered stone market size reached US$ 23.34 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 32.42 Billion by 2028, exhibiting a growth rate (CAGR) of 5.69% during 2023-2028.What is engineered stone?
Engineered stone is a composite material made of crushed stone bound together by an adhesive, typically polymer resin or cement binder. This material closely mimics the appearance of natural stone while offering enhanced properties such as durability, stain resistance, and ease of maintenance. Engineered stone is primarily used for countertops in kitchens and bathrooms and is also employed in flooring, wall cladding, and other architectural applications. It offers a balance of aesthetic appeal and functional advantages, making it a popular choice in both residential and commercial settings. The manufacturing process of engineered stone allows for a wide range of colors and patterns, thus providing more design flexibility than natural stone. Get a PDF Sample for more detailed market insights: https://www.imarcgroup.com/engineered-stone-market/requestsampleWhat are the growth prospects and trends in the engineered stone industry?
The global engineered stone market is primarily driven by the escalating demand in residential and commercial construction projects, where the material is used for its aesthetic qualities and durability. This demand is especially strong in developing economies undergoing rapid urbanization. Additionally, technological advancements in the production of engineered stone have led to improved quality and reduced costs, making the material more accessible to a broader range of consumers. In line with this, the rise of eco-friendly engineered stone products made with recycled materials and lower levels of volatile organic compounds (VOCs) represents another major growth-inducing factor. These eco-conscious options appeal to an increasingly environmentally aware consumer base, thus propelling market growth.What is included in market segmentation?
The report has segmented the market into the following categories: Breakup by Product:- Tiles
- Blocks and Slabs
- Countertops
- Flooring
- Others
- North America
- Asia-Pacific
- Europe
- Latin America
- Middle East and Africa
Who are the key players operating in the industry?
The report covers the major market players including:- St.A. WORLD-WIDE
- Breton S.p.A.
- H & R Johnson (Prism Johnson Limited)
- LX Hausys Ltd.
- R.B.G. S.r.l.
- Stone Italiana S.p.A.
- Technistone s.r.o. (Illinois Tool Works Inc)
- Vicostone