The Marble Engineered Stone Market on a global scale reached a size of USD 22.65 Billion in 2021 and is anticipated to maintain a consistent Compound Annual Growth Rate (CAGR) of 6.2% from 2022 to 2030. In order to balance the high cost of natural stone with its aesthetic appeal, the construction industry has created synthetic alternatives that can be produced in various colors and do not require transportation like their genuine counterparts. By incorporating engineered stone into construction projects, companies in the construction sector can achieve the same visual appeal as natural stone while simultaneously reducing costs. Engineered stone possesses unique advantages such as durability, flexibility, and consistency, making it a practical choice for new construction and renovation endeavors. Furthermore, the surge in residential construction projects globally and the growing popularity of engineered stone kitchen countertops and bathroom vanity tops are expected to drive the growth of the global Marble Engineered Stone Market. The market revenue growth is also influenced by the rise in disposable incomes in different countries, particularly in developing regions, and the shift in consumer preference towards stylish homes.
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Top Profiled Companies in the Global Marble Engineered Stone Market Report:
Cosentino, Caesarstone, Hanwha Surfaces, LG Hausys, Samsung Radianz, Compac, Diresco, EKTIO Group, Santa Margherita USA, and Zodiaq.
Key Trends of Marble Engineered Stone Market
- Increasing Popularity of Veined and Marbled Patterns: Veined and marbled patterns resembling natural stone, such as marble and granite, have gained significant popularity in the Marble Engineered Stone Market. These patterns offer a luxurious and sophisticated look, making them a sought-after choice for countertops, flooring, and other applications.
- Growing Preference for Customization: Consumers are increasingly looking for personalized and unique design options in engineered stone. Manufacturers have responded to this trend by offering customization services, allowing customers to choose specific colors, patterns, and finishes according to their preferences. This trend has opened up new opportunities and expanded the market.
- Development of Thin and Lightweight Engineered Stone: To meet the requirements of various applications, such as wall cladding and furniture, the industry has witnessed the development of thinner and lighter engineered stone products. These lightweight options make installation easier, reduce material costs, and provide more versatility in design.
Key Regional Markets Covered in the Report:
- North America (U.S.A., Canada, Mexico)
- Europe (Italy, U.K., Germany, France, Rest of Europe)
- Asia Pacific (India, China, Japan, South Korea, Australia, Rest of Asia Pacific)
- Latin America (Chile, Brazil, Argentina, Peru, Rest of Latin America)
- Middle East Africa (Saudi Arabia, U.A.E., South Africa, Rest of Middle East Africa)
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Further market segmentation
Product Type Outlook (Revenue, USD Million; 2019-2030)
- Quartz
- Marble
- Others
Application Outlook (Revenue, USD Million; 2019-2030)
- Kitchen Countertops
- Bathroom Vanity Tops
- Flooring
- Wall Cladding
- Others
Key Takeaways of the Global Marble Engineered Stone Market Report:
- A comprehensive overview of the global Engineered Stone industry.
- Accurate market projections in terms of market size, share, and volume.
- Thorough study of the global market dynamics, such as major market revenue growth drivers, opportunities, threats, challenges, restraints, and future growth avenues.
- Deep-dive analysis of the upcoming market trends.
- Qualitative and quantitative analyses of the global Marble Engineered Stone Market.
- Elaborate study of the leading regional markets in the global Marble Engineered Stone Market.
- Complete overview of the market’s competitive landscape.
- Brief look at the company profiles and portfolios.
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