Market Overview:
The global artificial engineered marble market is expected to grow at a CAGR of 6.5% during the forecast period from 2018 to 2030. The increasing demand for artificial engineered marble in residential and non-residential applications is one of the key factors driving the growth of this market. Some of the other major factors that are expected to fuel the growth of this market include rising disposable income, growing construction industry, and increasing awareness about benefits offered by artificial engineered marble products. On the basis of type, solid surface is estimated to be a larger segment than engineered quartz stone in terms of revenue in 2018. However, over the forecast period,engineered quartz stone is projected to register a higher CAGR as compared to solid surface due its properties such as scratch resistance and high durability which make it suitable for use in high-end applications such as kitchen countertops and bathroom vanities/sinks. On the basis on application, kitchen countertops accounted for majority share in terms revenue generated by artificial engineered marble products globally followed by facades.
Product Definition:
Artificial Engineered Marble is a man-made composite material composed of crushed marble, resin, and pigment. It is used for countertops, flooring, walls, and other decorative applications.
Solid Surface:
Marble is a rock composed of calcium carbonate mineral, which is insoluble in water. It can be classified as marble or quartz (SiO2). The softness of the material and its translucency are the key factors that determine its use in various end-use industries including construction, furniture and decorative sector.
The global solid surface market size was valued at USD 25 billion in 2015.
Engineered Quartz Stone:
Engineered quartz stone is a type of manmade stone that consists of uniform grains with no distinctive features such as veins, pores or flaws. It has high durability and strength which makes it an ideal material for use in the manufacturing of artificial engineered marble. The product also has other applications such as countertops, flooring, exterior siding and trim along with interior design elements such as shower walls & floors, niche panels & vanities among others.
Application Insights:
The kitchen countertops application segment led the market and accounted for more than a 38% share of the global revenue in 2017. The product is gaining popularity as it can be easily cleaned, offers stain resistance, and is dishwasher safe. It can also be used to create attractive patterns on kitchen surfaces.
Engineered quartz stone products are increasingly being utilized in facades owing to their ability to resist water and stains without taking damage due to abrasion or chipping away like natural stones do when they get wet or stained. The Latin America region is expected witness significant growth over the forecast period on account of increasing construction activities in Mexico City coupled with growing population centers such as Monterrey and Guadalajara that are likely drive up demand for artificial engineered marble flooring solutions there over the coming years.
Regional Analysis:
Asia Pacific dominated the global market in 2017 and is expected to continue its dominance over the forecast period. The region accounted for a share of more than 30% in terms of volume owing to increasing demand from residential, commercial, and industrial applications. China led the regional market with a share of more than 50% in terms of volume due to increased construction activities coupled with growing population.
The growth can also be attributed to rising consumer disposable income levels that enable consumers to choose from various luxury home d©cor options such as kitchen countertops, flooring, facades etc., thereby driving product demand across Asia Pacific region. In addition, rapid urbanization along with expanding infrastructure sector is anticipated to drive industry growth over the forecast period.
Europe emerged as one of the major consumers for artificial engineered marbles owing high acceptance rate from end-users including architects & designers.
Growth Factors:
- Increasing demand for artificial engineered marble in the construction industry as a substitute to natural stones for flooring, wall cladding, and other decorative applications.
- Rising awareness about the benefits of using artificial engineered marble over natural stones among architects, builders, and consumers.
- Growing popularity of artificial engineered marble among luxury home builders and interior designers for its aesthetic appeal and durability.
- Technological advancements that have led to the development of new varieties of artificial engineered marbles with enhanced features and aesthetics.
Scope Of The Report
Report Attributes
Report Details
Report Title
Artificial Engineered Marble Market Research Report
By Type
Solid Surface, Engineered Quartz Stone
By Application
Kitchen Countertops, Facades, Flooring, Bathroom, Others
By Companies
Falat Sang Asia Co, COSENTINO, DowDuPont, Compac, Caesarstone, Hanwha L&C, Santa Margherita, LG Hausys, Belenco Quartz Surfaces, Quarella, Falat Sang Asia Co, Ordan, Technistone, Samsung Radianz, Royal top, Hermon Marble
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
233
Number of Tables & Figures
164
Customization Available
Yes, the report can be customized as per your need.
Global Artificial Engineered Marble Market Report Segments:
The global Artificial Engineered Marble market is segmented on the basis of:
Types
Solid Surface, Engineered Quartz Stone
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
Kitchen Countertops, Facades, Flooring, Bathroom, Others
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:
- Falat Sang Asia Co
- COSENTINO
- DowDuPont
- Compac
- Caesarstone
- Hanwha L&C
- Santa Margherita
- LG Hausys
- Belenco Quartz Surfaces
- Quarella
- Falat Sang Asia Co
- Ordan
- Technistone
- Samsung Radianz
- Royal top
- Hermon Marble
Highlights of The Artificial Engineered Marble 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:
- Solid Surface
- Engineered Quartz Stone
- By Application:
- Kitchen Countertops
- Facades
- Flooring
- Bathroom
- Others
- 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 Artificial Engineered Marble 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?
Artificial Engineered Marble (AEM) is a type of marble made from a synthetic material. It is often used in flooring, countertops, and other decorative applications.
Some of the major companies in the artificial engineered marble market are Falat Sang Asia Co, COSENTINO, DowDuPont, Compac, Caesarstone, Hanwha L&C, Santa Margherita, LG Hausys, Belenco Quartz Surfaces, Quarella, Falat Sang Asia Co, Ordan, Technistone, Samsung Radianz, Royal top, Hermon Marble.
The artificial engineered marble market is expected to register a CAGR of 6.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Artificial Engineered Marble Market Overview 4.1 Introduction 4.1.1 Market Taxonomy 4.1.2 Market Definition 4.1.3 Macro-Economic Factors Impacting the Market Growth 4.2 Artificial Engineered Marble Market Dynamics 4.2.1 Market Drivers 4.2.2 Market Restraints 4.2.3 Market Opportunity 4.3 Artificial Engineered Marble Market - Supply Chain Analysis 4.3.1 List of Key Suppliers 4.3.2 List of Key Distributors 4.3.3 List of Key Consumers 4.4 Key Forces Shaping the Artificial Engineered Marble Market 4.4.1 Bargaining Power of Suppliers 4.4.2 Bargaining Power of Buyers 4.4.3 Threat of Substitution 4.4.4 Threat of New Entrants 4.4.5 Competitive Rivalry 4.5 Global Artificial Engineered Marble Market Size & Forecast, 2020-2028 4.5.1 Artificial Engineered Marble Market Size and Y-o-Y Growth 4.5.2 Artificial Engineered Marble Market Absolute $ Opportunity
Chapter 5 Global Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Market Size Forecast by Type
5.2.1 Solid Surface
5.2.2 Engineered Quartz Stone
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Market Size Forecast by Applications
6.2.1 Kitchen Countertops
6.2.2 Facades
6.2.3 Flooring
6.2.4 Bathroom
6.2.5 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Artificial Engineered Marble Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Artificial Engineered Marble Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Analysis and Forecast
9.1 Introduction
9.2 North America Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Market Size Forecast by Type
9.6.1 Solid Surface
9.6.2 Engineered Quartz Stone
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Market Size Forecast by Applications
9.10.1 Kitchen Countertops
9.10.2 Facades
9.10.3 Flooring
9.10.4 Bathroom
9.10.5 Others
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Analysis and Forecast
10.1 Introduction
10.2 Europe Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Market Size Forecast by Type
10.6.1 Solid Surface
10.6.2 Engineered Quartz Stone
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Market Size Forecast by Applications
10.10.1 Kitchen Countertops
10.10.2 Facades
10.10.3 Flooring
10.10.4 Bathroom
10.10.5 Others
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Market Size Forecast by Type
11.6.1 Solid Surface
11.6.2 Engineered Quartz Stone
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Market Size Forecast by Applications
11.10.1 Kitchen Countertops
11.10.2 Facades
11.10.3 Flooring
11.10.4 Bathroom
11.10.5 Others
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Analysis and Forecast
12.1 Introduction
12.2 Latin America Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Market Size Forecast by Type
12.6.1 Solid Surface
12.6.2 Engineered Quartz Stone
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Market Size Forecast by Applications
12.10.1 Kitchen Countertops
12.10.2 Facades
12.10.3 Flooring
12.10.4 Bathroom
12.10.5 Others
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Market Size 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 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Market Size Forecast by Type
13.6.1 Solid Surface
13.6.2 Engineered Quartz Stone
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Market Size Forecast by Applications
13.10.1 Kitchen Countertops
13.10.2 Facades
13.10.3 Flooring
13.10.4 Bathroom
13.10.5 Others
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Artificial Engineered Marble Market: Competitive Dashboard
14.2 Global Artificial Engineered Marble Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Falat Sang Asia Co
14.3.2 COSENTINO
14.3.3 DowDuPont
14.3.4 Compac
14.3.5 Caesarstone
14.3.6 Hanwha L&C
14.3.7 Santa Margherita
14.3.8 LG Hausys
14.3.9 Belenco Quartz Surfaces
14.3.10 Quarella
14.3.11 Falat Sang Asia Co
14.3.12 Ordan
14.3.13 Technistone
14.3.14 Samsung Radianz
14.3.15 Royal top
14.3.16 Hermon Marble