Market Overview:
The global engineered stone countertops market is expected to grow at a CAGR of 5.8% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the increasing demand for engineered stone countertops from residential and commercial industries. In terms of type, the crystal collection segment is expected to lead the global engineered stone countertops market during the forecast period. This can be attributed to its properties such as high resistance to scratches and staining, and low porosity.
Product Definition:
Engineered stone countertops are made of a mix of natural crushed stones and resins. They are more durable than granite, but less expensive than marble.
Crystal Collection:
Crystal or Artificial stone is a man-made product, which was first produced in the 19th century as an alternative to natural marble. Crystal collection has been witnessing significant growth over the past few years owing to its increasing demand in engineered stone countertops and other construction applications. The material is made from synthetic or lab-grown gemstones that are treated with acid solutions and heat; hence they have similar physical properties as that of natural stones such as glass, veining, etc.
Jasper Collection:
The global jasper collection and its usage in engineered stone countertops market is projected to witness significant growth over the forecast period. The primary factor that is driving this growth is increasing demand for eco-friendly, natural stone products. Natural stones are 100% naturally occurring materials which are available in various colors, shapes and sizes. There are very few synthetic or artificial materials which can compare with the look of natural stones.
Application Insights:
The residential industry accounted for the largest share of more than 50.0% in 2017. The growth can be attributed to increasing demand for kitchen remodeling projects, which are increasingly incorporating Engineered Stone Countertops into their designs. Residential applications include full-sized and vanity top products, as well as small custom-made tops for bathrooms and kitchens.
Commercial applications include application areas such as hotels, restaurants and food service industries along with healthcare facilities including clinics and hospitals that utilize countertops made from natural stones that are sourced locally if possible or imported from surrounding countries if necessary.
Regional Analysis:
Asia Pacific accounted for the largest share of more than 35.0% in 2017. The region is expected to witness significant growth over the forecast period owing to increasing construction activities and rising disposable income levels among consumers, which will drive demand from residential as well as commercial sectors.
Europe was the second-largest market in terms of revenue with a share of more than 24.0% in 2017 due to growing product adoption across countries such as Germany, Italy, Spain and others that are characterized by high manufacturing output value chains for engineered stone products manufactured using machinery.
Growth Factors:
- Increasing demand for Engineered Stone Countertops from the construction industry as it is durable and requires low maintenance.
- Rising disposable income of consumers, which is resulting in an increase in the demand for luxury countertops such as Engineered Stone Countertops.
- Rapid urbanization and growing population are leading to an increase in the number of new households, which is subsequently fueling the demand for Engineered Stone Countertops market globally.
- Technological advancements that have resulted in better quality Engineered Stone Countertops with enhanced features are propelling the growth of this market worldwide.
Scope Of The Report
Report Attributes
Report Details
Report Title
Engineered Stone Countertops Market Research Report
By Type
Crystal Collection, Jasper Collection, Sterling Collection, Others
By Application
Residential Industry, Commercial Industry
By Companies
Cosentino Group, Caesarstone, Hanwha L&C, Compac, Vicostone, Dupont, LG Hausys, Cambria, Quantra, Atlas Quartz, Santa Margherita, Quartz Master, SEIEFFE, Quarella, Lotte Advanced Materials, Zhongxun, Sinostone, Bitto(Dongguan), OVERLAND, UVIISTONE, Polystone, Meyate, Gelandi, Baoliya, Qianyun
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
237
Number of Tables & Figures
166
Customization Available
Yes, the report can be customized as per your need.
Global Engineered Stone Countertops Market Report Segments:
The global Engineered Stone Countertops market is segmented on the basis of:
Types
Crystal Collection, Jasper Collection, Sterling Collection, Others
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Residential Industry, Commercial Industry
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Cosentino Group
- Caesarstone
- Hanwha L&C
- Compac
- Vicostone
- Dupont
- LG Hausys
- Cambria
- Quantra
- Atlas Quartz
- Santa Margherita
- Quartz Master
- SEIEFFE
- Quarella
- Lotte Advanced Materials
- Zhongxun
- Sinostone
- Bitto(Dongguan)
- OVERLAND
- UVIISTONE
- Polystone
- Meyate
- Gelandi
- Baoliya
- Qianyun
Highlights of The Engineered Stone Countertops Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Crystal Collection
- Jasper Collection
- Sterling Collection
- Others
- By Application:
- Residential Industry
- Commercial Industry
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Engineered Stone Countertops Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Engineered stone countertops are a type of laminate countertop made from a variety of materials, including granite, marble, and quartz. They are often more affordable than traditional stone countertops and can be customized to match the style of your home. Engineered stone counters can also be easier to clean than traditional stones, since they don't have any natural oils or grime buildup on them.
Some of the key players operating in the engineered stone countertops market are Cosentino Group, Caesarstone, Hanwha L&C, Compac, Vicostone, Dupont, LG Hausys, Cambria, Quantra, Atlas Quartz, Santa Margherita, Quartz Master, SEIEFFE, Quarella, Lotte Advanced Materials, Zhongxun, Sinostone, Bitto(Dongguan), OVERLAND, UVIISTONE, Polystone, Meyate, Gelandi, Baoliya, Qianyun.
The engineered stone countertops market is expected to register a CAGR of 5.8%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Engineered Stone Countertops Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Engineered Stone Countertops Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Engineered Stone Countertops Market - Supply Chain
4.5. Global Engineered Stone Countertops Market Forecast
4.5.1. Engineered Stone Countertops Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Engineered Stone Countertops Market Size (000 Units) and Y-o-Y Growth
4.5.3. Engineered Stone Countertops Market Absolute $ Opportunity
5. Global Engineered Stone Countertops Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. Engineered Stone Countertops Market Size and Volume Forecast by Type
5.3.1. Crystal Collection
5.3.2. Jasper Collection
5.3.3. Sterling Collection
5.3.4. Others
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Engineered Stone Countertops Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. Engineered Stone Countertops Market Size and Volume Forecast by Application
6.3.1. Residential Industry
6.3.2. Commercial Industry
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Engineered Stone Countertops Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. Engineered Stone Countertops Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global Engineered Stone Countertops Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. Engineered Stone Countertops Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global Engineered Stone Countertops Demand Share Forecast, 2019-2026
9. North America Engineered Stone Countertops Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America Engineered Stone Countertops Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America Engineered Stone Countertops Market Size and Volume Forecast by Application
9.4.1. Residential Industry
9.4.2. Commercial Industry
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Engineered Stone Countertops Market Size and Volume Forecast by Type
9.7.1. Crystal Collection
9.7.2. Jasper Collection
9.7.3. Sterling Collection
9.7.4. Others
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America Engineered Stone Countertops Demand Share Forecast, 2019-2026
10. Latin America Engineered Stone Countertops Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America Engineered Stone Countertops Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America Engineered Stone Countertops Market Size and Volume Forecast by Application
10.4.1. Residential Industry
10.4.2. Commercial Industry
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Engineered Stone Countertops Market Size and Volume Forecast by Type
10.7.1. Crystal Collection
10.7.2. Jasper Collection
10.7.3. Sterling Collection
10.7.4. Others
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America Engineered Stone Countertops Demand Share Forecast, 2019-2026
11. Europe Engineered Stone Countertops Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe Engineered Stone Countertops Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe Engineered Stone Countertops Market Size and Volume Forecast by Application
11.4.1. Residential Industry
11.4.2. Commercial Industry
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Engineered Stone Countertops Market Size and Volume Forecast by Type
11.7.1. Crystal Collection
11.7.2. Jasper Collection
11.7.3. Sterling Collection
11.7.4. Others
11.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-o-Y Growth Projections by Type
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe Engineered Stone Countertops Demand Share, 2019-2026
12. Asia Pacific Engineered Stone Countertops Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific Engineered Stone Countertops Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific Engineered Stone Countertops Market Size and Volume Forecast by Application
12.4.1. Residential Industry
12.4.2. Commercial Industry
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Engineered Stone Countertops Market Size and Volume Forecast by Type
12.7.1. Crystal Collection
12.7.2. Jasper Collection
12.7.3. Sterling Collection
12.7.4. Others
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific Engineered Stone Countertops Demand Share, 2019-2026
13. Middle East & Africa Engineered Stone Countertops Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa Engineered Stone Countertops Market Size and Volume Forecast by Country
13.2.1. Saudi Arabia
13.2.2. South Africa
13.2.3. UAE
13.2.4. Rest of Middle East & Africa (MEA)
13.3. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa Engineered Stone Countertops Market Size and Volume Forecast by Application
13.4.1. Residential Industry
13.4.2. Commercial Industry
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Engineered Stone Countertops Market Size and Volume Forecast by Type
13.7.1. Crystal Collection
13.7.2. Jasper Collection
13.7.3. Sterling Collection
13.7.4. Others
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa Engineered Stone Countertops Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Engineered Stone Countertops Market: Market Share Analysis
14.2. Engineered Stone Countertops Distributors and Customers
14.3. Engineered Stone Countertops Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. Cosentino Group
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. Caesarstone
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. Hanwha L&C
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. Compac
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Vicostone
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. Dupont
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. LG Hausys
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. Cambria
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. Quantra
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. Atlas Quartz
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. Santa Margherita
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. Quartz Master
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. SEIEFFE
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. Quarella
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. Lotte Advanced Materials
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. Zhongxun
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. Sinostone
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. Bitto(Dongguan)
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. OVERLAND
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. UVIISTONE
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook
