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Engineered Stone Market by Type, Application and Geography - Forecast and Analysis 2023-2027

  • Published: Jan 2023
  • Pages: 156
  • SKU: IRTNTR71121
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The engineered stone market is estimated to grow at a CAGR of 6.1% between 2022 and 2027. The size of the market is forecast to increase by USD 9.68 billion. The growth of the market depends on serval factors, including the rising demand for durable alternatives to natural stone, the growing residential construction activities, and the growing demand for eco-friendly home decor items.

This report extensively covers market segmentation by type (block and slabs and tiles), application (countertops, flooring, and others), and geography (APAC, Europe, North America, Middle East and Africa, and South America). It also includes an in-depth analysis of drivers, trends, and challenges. Furthermore, the report includes historic market data from 2017 to 2021.

What will be the size of the Engineered Stone Market During the Forecast Period?

Engineered Stone Market Size

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Parent Market Analysis

Technavio categorizes the global engineered stone market as a part of the global diversified metals and mining market within the global materials market. The global diversified metals and mining market covers companies engaged in the production or extraction of metals and minerals such as non-ferrous metals (except bauxite), salt and borate, phosphate rock, and diversified metal mining operations. Our research report has extensively covered external factors influencing the parent market growth during the forecast period.

Engineered Stone Market: Key Drivers, Trends, Challenges, and Customer Landscape

The growing residential construction activities are notably driving the market growth, although factors such as the rising popularity of substitutes may impede the market growth. Our researchers analyzed the data with 2022 as the base year, along with the key drivers, trends, and challenges. A holistic analysis of drivers will help companies refine their marketing strategies to gain a competitive advantage.

Key Engineered Stone Market Driver

The growing residential construction activities are a key factor driving the growth of the global engineered stone market. According to the United Nations, the global population will reach 8.5 billion in 2030, and more than 60% of the population will be concentrated in urban areas. An increase in urbanization will lead to the rapid construction of new houses. The construction industry has been witnessing exponential growth over the past couple of years. This trend is strongly observed in developing economies. But with rates of urban properties growing and household size decreasing in many parts of the world, the residential units have started to get more compact in size. This, along with other factors like innovation in interior design concepts, has also supported the trend for open kitchens at homes, and this is also supporting the growth of the modular kitchen market.

Modular kitchens enable better utilization of space and make an open kitchen more organized, bring in aesthetic appeal, and make it well-equipped with many features. Also, homeowners residing in their properties are increasingly getting involved in renovation and reconstruction projects. With modular kitchens penetrating households deeper, modular kitchen is expected to become a more mainstream option for kitchen spaces during the forecast period.

Significant Engineered Stone Market Trend

The increasing interest in interior designing is the primary trend in the global engineered stone market growth. Consumers across the world have started investing in the interior decoration of their homes with the best products and concepts they can afford. This includes spending on designer home furnishings such as home furniture, floor coverings such as engineered stone, and counterparts. The rising income levels of consumers, evolving lifestyles, increased media penetration, and the adoption of different cultures have raised interest in interior design.

Moreover, the growing population of working women and their participation in the decision-making process for home decoration are pushing the sales of home furnishings, which positively impacts the market. These factors have led consumers to spend more on different designer and luxury home furnishings, which will drive the growth of the market during the forecast period.

Major Engineered Stone Market Challenge

The rising popularity of substitutes is a major challenge to the growth of the global engineered stone market. Granite, marble, and ceramic tiles are easily available substitutes in the market. Increased costs associated with engineered stone encourage customers to choose less expensive and low-maintenance products such as ceramic tiles, resilient products such as LVT, and wood plastic composite (WPC) for floor and wall applications. In modern architecture, granite slabs and tiles are used to make countertops, fireplaces, and stairs. It is also used as a building block for bridges, monuments, and buildings.

Ceramic tiles and LVT offerings also offer improved regulation of surface temperatures when compared with the cold surfaces of stone floorings. Additionally, the replacement of engineered stone is expensive. The relative ease in replaceability of ceramic and resilient products encourages customers to prefer ceramic and resilient products for flooring and applications for decorative purposes. Therefore, the rising popularity of alternatives to engineered stone is expected to challenge the market during the forecast period.

Key Engineered Stone Market Customer Landscape

The report includes the adoption lifecycle of the market, covering from the innovator’s stage to the laggard’s stage. It focuses on adoption rates in different regions based on penetration. Furthermore, the report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their growth strategies.

Engineered Stone Market Share by Geography

Global Engineered Stone Market Customer Landscape

Who are the Major Engineered Stone Market Vendors?

Vendors are implementing various strategies, such as strategic alliances, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the market.

astaworldwide.com - The company offers engineered stones such as honed slab and polished slabs. Also, this segment focuses on manufacturing industrial products from a mixture of marble, quartz, granite, and other natural stones.

The report also includes detailed analyses of the competitive landscape of the market and information about 15 market vendors, including:

  • Akrilika Co.
  • Aristech Surfaces LLC
  • Belenco
  • Breton S.p.A.
  • CaesarStone Ltd.
  • Cosentino SA
  • Diresco NV
  • DuPont de Nemours Inc.
  • Global Surfaces Limited
  • Lotte Chemical Corp.
  • LX Hausys Ltd.
  • MAAS GmbH
  • Pokarna Ltd.
  • Prism Johnson Ltd.
  • Q.R.B.G. S.r.l.
  • Quartzforms Spa
  • Santa Margherita Spa

Qualitative and quantitative analysis of vendors has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key market players. Data is qualitatively analyzed to categorize vendors as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize vendors as dominant, leading, strong, tentative, and weak.

What is the Fastest-Growing Segment in the Engineered Stone Market?

The market share growth by the block and slabs segment will be significant during the forecast period. The demand for blocks and slabs is expected to increase during the forecast period due to increased investment in the construction of large commercial and residential buildings and increased demand for luxury countertops to enhance the aesthetics of interior structures.

Engineered Stone Market Size

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The block and slabs segment was valued at USD 22.27 billion in 2017 and continue to grow by 2021. The blocks and slabs segment dominated the global engineered stone market in 2022. Demand for blocks and slabs is expected to increase during the forecast period due to increased investment in the construction of large commercial and residential buildings and demand for luxury countertops to enhance interior design aesthetics. increase. Also called quartz, this product is made from aggregates of marble or crystal embedded in a resin binder such as epoxy or other rocks. The growing construction industry will propel the growth of the segment and fuel the growth of the global artificial stone market during the forecast period.

Which are the Key Regions for the Engineered Stone Market?

Engineered Stone Market Share by Geography

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APAC is estimated to contribute 40% to the growth of the global market during the forecast period. Technavio’s analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period. The market in APAC is driven by non-resilient flooring products such as wood, stone, and ceramic. These engineered stone products' durability and compatibility with climate conditions increase their preference. Resilient products and carpets are considered high-end in many APAC countries, making them a niche segment. However, with the advent of technology and innovation, the awareness of alternate engineered stone options to wood, natural Stone, and ceramic, such as laminates and luxury vinyl tile (LVT), has been increasing. This will further aid the growth of the market in the region during the forecast period. The rapid growth of performance-engineered Stone for flooring in key industries such as education and healthcare will also contribute to the market growth in the region. APAC's market is expected to exhibit rapid growth during the forecast period. The rapid growth in construction activity and increased awareness of innovative flooring and modular kitchens will be the key drivers for the growth of the market in APAC during the forecast period.

In 2020, the outbreak of COVID-19 hampered the growth of the market in APAC. However, vaccination programs were initiated across the region, which led to the lifting of lockdown restrictions. This has resulted in the resumption of various construction activities from Q4 2020, which has increased the demand for engineered stone in the region. Thus, the increasing residential construction will drive the growth of the regional market during the forecast period.

Segment Overview

The report forecasts market growth by revenue at global, regional & country levels and provides an analysis of the latest trends and growth opportunities from 2017 to 2027. 

  • Type Outlook (USD Billion, 2017 - 2027)
    • Block and slabs
    • Tiles
  • Application Outlook (USD Billion, 2017 - 2027)
    • Countertops
    • Flooring
    • Others
  • Region Outlook (USD Billion, 2017 - 2027)
    • North America
      • The U.S.
      • Canada
    • Europe
      • The U.K.
      • Germany
      • France
      • Rest of Europe
    • APAC
      • China
      • India
    • South America
      • Chile
      • Argentina
      • Brazil
    • Middle East & Africa
      • Saudi Arabia
      • South Africa
      • Rest of the Middle East & Africa

Engineered Stone Market Scope

Report Coverage

Details

Page number

156

Base year

2022

Historic period

2017-2021

Forecast period

2023-2027

Growth momentum & CAGR

Accelerate at a CAGR of 6.1%

Market growth 2023-2027

USD 9.68 billion

Market structure

Fragmented

YoY growth 2022-2023(%)

4.66

Regional analysis

APAC, Europe, North America, Middle East and Africa, and South America

Performing market contribution

APAC at 40%

Key countries

US, China, Vietnam, Italy, and Denmark

Competitive landscape

Leading Vendors, Market Positioning of Vendors, Competitive Strategies, and Industry Risks

Key companies profiled

A.St.A. WORLD WIDE, Akrilika Co., Aristech Surfaces LLC, Belenco, Breton S.p.A., CaesarStone Ltd., Cosentino SA, Diresco NV, DuPont de Nemours Inc., Global Surfaces Limited, Lotte Chemical Corp., LX Hausys Ltd., MAAS GmbH, Pokarna Ltd., Prism Johnson Ltd., Q.R.B.G. S.r.l., Quartzforms Spa, Santa Margherita Spa, SMARTSTONE AUSTRALIA PTY Ltd., Stone Italiana Spa, VICOSTONE, and Wilsonart LLC

Market dynamics

Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, Market condition analysis for forecast period.

Customization purview

If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

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What are the Key Data Covered in this Engineered Stone Market Report?

  • CAGR of the market during the forecast period
  • Detailed information on factors that will drive the growth of the engineered stone market between 2023 and 2027
  • Precise estimation of the size of the engineered stone market size and its contribution to the parent market
  • Accurate predictions about upcoming trends and changes in consumer behavior
  • Growth of the market industry across APAC, Europe, North America, Middle East and Africa, and South America
  • Thorough analysis of the market’s competitive landscape and detailed information about vendors
  • Comprehensive analysis of factors that will challenge the growth of engineered stone market vendors

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1 Executive Summary

  • 1.1 Market overview
    • Exhibit 01: Executive Summary – Chart on Market Overview
    • Exhibit 02: Executive Summary – Data Table on Market Overview
    • Exhibit 03: Executive Summary – Chart on Global Market Characteristics
    • Exhibit 04: Executive Summary – Chart on Market by Geography
    • Exhibit 05: Executive Summary – Chart on Market Segmentation by Type
    • Exhibit 06: Executive Summary – Chart on Market Segmentation by Application
    • Exhibit 07: Executive Summary – Chart on Incremental Growth
    • Exhibit 08: Executive Summary – Data Table on Incremental Growth
    • Exhibit 09: Executive Summary – Chart on Vendor Market Positioning

2 Market Landscape

  • 2.1 Market ecosystem
    • Exhibit 10: Parent market
    • Exhibit 11: Market Characteristics

3 Market Sizing

  • 3.1 Market definition
    • Exhibit 12: Offerings of vendors included in the market definition
  • 3.2 Market segment analysis
    • Exhibit 13: Market segments
  • 3.3 Market size 2022
    • 3.4 Market outlook: Forecast for 2022-2027
      • Exhibit 14: Chart on Global - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 15: Data Table on Global - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 16: Chart on Global Market: Year-over-year growth 2022-2027 (%)
      • Exhibit 17: Data Table on Global Market: Year-over-year growth 2022-2027 (%)

    4 Historic Market Size

    • 4.1 Global engineered stone market 2017 - 2021
      • Exhibit 18: Historic Market Size – Data Table on Global engineered stone market 2017 - 2021 ($ billion)
    • 4.2 Type Segment Analysis 2017 - 2021
      • Exhibit 19: Historic Market Size – Type Segment 2017 - 2021 ($ billion)
    • 4.3 Application Segment Analysis 2017 - 2021
      • Exhibit 20: Historic Market Size – Application Segment 2017 - 2021 ($ billion)
    • 4.4 Geography Segment Analysis 2017 - 2021
      • Exhibit 21: Historic Market Size – Geography Segment 2017 - 2021 ($ billion)
    • 4.5 Country Segment Analysis 2017 - 2021
      • Exhibit 22: Historic Market Size – Country Segment 2017 - 2021 ($ billion)

    5 Five Forces Analysis

    • 5.1 Five forces summary
      • Exhibit 23: Five forces analysis - Comparison between 2022 and 2027
    • 5.2 Bargaining power of buyers
      • Exhibit 24: Chart on Bargaining power of buyers – Impact of key factors 2022 and 2027
    • 5.3 Bargaining power of suppliers
      • Exhibit 25: Bargaining power of suppliers – Impact of key factors in 2022 and 2027
    • 5.4 Threat of new entrants
      • Exhibit 26: Threat of new entrants – Impact of key factors in 2022 and 2027
    • 5.5 Threat of substitutes
      • Exhibit 27: Threat of substitutes – Impact of key factors in 2022 and 2027
    • 5.6 Threat of rivalry
      • Exhibit 28: Threat of rivalry – Impact of key factors in 2022 and 2027
    • 5.7 Market condition
      • Exhibit 29: Chart on Market condition - Five forces 2022 and 2027

    6 Market Segmentation by Type

    • 6.1 Market segments
      • Exhibit 30: Chart on Type - Market share 2022-2027 (%)
      • Exhibit 31: Data Table on Type - Market share 2022-2027 (%)
    • 6.2 Comparison by Type
      • Exhibit 32: Chart on Comparison by Type
      • Exhibit 33: Data Table on Comparison by Type
    • 6.3 Block and slabs - Market size and forecast 2022-2027
      • Exhibit 34: Chart on Block and slabs - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 35: Data Table on Block and slabs - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 36: Chart on Block and slabs - Year-over-year growth 2022-2027 (%)
      • Exhibit 37: Data Table on Block and slabs - Year-over-year growth 2022-2027 (%)
    • 6.4 Tiles - Market size and forecast 2022-2027
      • Exhibit 38: Chart on Tiles - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 39: Data Table on Tiles - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 40: Chart on Tiles - Year-over-year growth 2022-2027 (%)
      • Exhibit 41: Data Table on Tiles - Year-over-year growth 2022-2027 (%)
    • 6.5 Market opportunity by Type
      • Exhibit 42: Market opportunity by Type ($ billion)

    7 Market Segmentation by Application

    • 7.1 Market segments
      • Exhibit 43: Chart on Application - Market share 2022-2027 (%)
      • Exhibit 44: Data Table on Application - Market share 2022-2027 (%)
    • 7.2 Comparison by Application
      • Exhibit 45: Chart on Comparison by Application
      • Exhibit 46: Data Table on Comparison by Application
    • 7.3 Countertops - Market size and forecast 2022-2027
      • Exhibit 47: Chart on Countertops - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 48: Data Table on Countertops - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 49: Chart on Countertops - Year-over-year growth 2022-2027 (%)
      • Exhibit 50: Data Table on Countertops - Year-over-year growth 2022-2027 (%)
    • 7.4 Flooring - Market size and forecast 2022-2027
      • Exhibit 51: Chart on Flooring - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 52: Data Table on Flooring - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 53: Chart on Flooring - Year-over-year growth 2022-2027 (%)
      • Exhibit 54: Data Table on Flooring - Year-over-year growth 2022-2027 (%)
    • 7.5 Others - Market size and forecast 2022-2027
      • Exhibit 55: Chart on Others - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 56: Data Table on Others - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 57: Chart on Others - Year-over-year growth 2022-2027 (%)
      • Exhibit 58: Data Table on Others - Year-over-year growth 2022-2027 (%)
    • 7.6 Market opportunity by Application
      • Exhibit 59: Market opportunity by Application ($ billion)

    8 Customer Landscape

    • 8.1 Customer landscape overview
      • Exhibit 60: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

    9 Geographic Landscape

    • 9.1 Geographic segmentation
      • Exhibit 61: Chart on Market share by geography 2022-2027 (%)
      • Exhibit 62: Data Table on Market share by geography 2022-2027 (%)
    • 9.2 Geographic comparison
      • Exhibit 63: Chart on Geographic comparison
      • Exhibit 64: Data Table on Geographic comparison
    • 9.3 APAC - Market size and forecast 2022-2027
      • Exhibit 65: Chart on APAC - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 66: Data Table on APAC - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 67: Chart on APAC - Year-over-year growth 2022-2027 (%)
      • Exhibit 68: Data Table on APAC - Year-over-year growth 2022-2027 (%)
    • 9.4 Europe - Market size and forecast 2022-2027
      • Exhibit 69: Chart on Europe - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 70: Data Table on Europe - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 71: Chart on Europe - Year-over-year growth 2022-2027 (%)
      • Exhibit 72: Data Table on Europe - Year-over-year growth 2022-2027 (%)
    • 9.5 North America - Market size and forecast 2022-2027
      • Exhibit 73: Chart on North America - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 74: Data Table on North America - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 75: Chart on North America - Year-over-year growth 2022-2027 (%)
      • Exhibit 76: Data Table on North America - Year-over-year growth 2022-2027 (%)
    • 9.6 Middle East and Africa - Market size and forecast 2022-2027
      • Exhibit 77: Chart on Middle East and Africa - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 78: Data Table on Middle East and Africa - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 79: Chart on Middle East and Africa - Year-over-year growth 2022-2027 (%)
      • Exhibit 80: Data Table on Middle East and Africa - Year-over-year growth 2022-2027 (%)
    • 9.7 South America - Market size and forecast 2022-2027
      • Exhibit 81: Chart on South America - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 82: Data Table on South America - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 83: Chart on South America - Year-over-year growth 2022-2027 (%)
      • Exhibit 84: Data Table on South America - Year-over-year growth 2022-2027 (%)
    • 9.8 China - Market size and forecast 2022-2027
      • Exhibit 85: Chart on China - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 86: Data Table on China - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 87: Chart on China - Year-over-year growth 2022-2027 (%)
      • Exhibit 88: Data Table on China - Year-over-year growth 2022-2027 (%)
    • 9.9 US - Market size and forecast 2022-2027
      • Exhibit 89: Chart on US - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 90: Data Table on US - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 91: Chart on US - Year-over-year growth 2022-2027 (%)
      • Exhibit 92: Data Table on US - Year-over-year growth 2022-2027 (%)
    • 9.10 Italy - Market size and forecast 2022-2027
      • Exhibit 93: Chart on Italy - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 94: Data Table on Italy - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 95: Chart on Italy - Year-over-year growth 2022-2027 (%)
      • Exhibit 96: Data Table on Italy - Year-over-year growth 2022-2027 (%)
    • 9.11 Denmark - Market size and forecast 2022-2027
      • Exhibit 97: Chart on Denmark - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 98: Data Table on Denmark - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 99: Chart on Denmark - Year-over-year growth 2022-2027 (%)
      • Exhibit 100: Data Table on Denmark - Year-over-year growth 2022-2027 (%)
    • 9.12 Vietnam - Market size and forecast 2022-2027
      • Exhibit 101: Chart on Vietnam - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 102: Data Table on Vietnam - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 103: Chart on Vietnam - Year-over-year growth 2022-2027 (%)
      • Exhibit 104: Data Table on Vietnam - Year-over-year growth 2022-2027 (%)
    • 9.13 Market opportunity by geography
      • Exhibit 105: Market opportunity by geography ($ billion)

    10 Drivers, Challenges, and Trends

    • 10.1 Market drivers
      • 10.2 Market challenges
        • 10.3 Impact of drivers and challenges
          • Exhibit 106: Impact of drivers and challenges in 2022 and 2027
        • 10.4 Market trends

          11 Vendor Landscape

          • 11.1 Overview
            • 11.2 Vendor landscape
              • Exhibit 107: Overview on Criticality of inputs and Factors of differentiation
            • 11.3 Landscape disruption
              • Exhibit 108: Overview on factors of disruption
            • 11.4 Industry risks
              • Exhibit 109: Impact of key risks on business

            12 Vendor Analysis

            • 12.1 Vendors covered
              • Exhibit 110: Vendors covered
            • 12.2 Market positioning of vendors
              • Exhibit 111: Matrix on vendor position and classification
            • 12.3 A.St.A. WORLD WIDE
              • Exhibit 112: A.St.A. WORLD WIDE - Overview
              • Exhibit 113: A.St.A. WORLD WIDE - Product / Service
              • Exhibit 114: A.St.A. WORLD WIDE - Key offerings
            • 12.4 Aristech Surfaces LLC
              • Exhibit 115: Aristech Surfaces LLC - Overview
              • Exhibit 116: Aristech Surfaces LLC - Product / Service
              • Exhibit 117: Aristech Surfaces LLC - Key offerings
            • 12.5 Breton S.p.A.
              • Exhibit 118: Breton S.p.A. - Overview
              • Exhibit 119: Breton S.p.A. - Product / Service
              • Exhibit 120: Breton S.p.A. - Key offerings
            • 12.6 CaesarStone Ltd.
              • Exhibit 121: CaesarStone Ltd. - Overview
              • Exhibit 122: CaesarStone Ltd. - Product / Service
              • Exhibit 123: CaesarStone Ltd. - Key offerings
            • 12.7 Cosentino SA
              • Exhibit 124: Cosentino SA - Overview
              • Exhibit 125: Cosentino SA - Product / Service
              • Exhibit 126: Cosentino SA - Key offerings
            • 12.8 Diresco NV
              • Exhibit 127: Diresco NV - Overview
              • Exhibit 128: Diresco NV - Product / Service
              • Exhibit 129: Diresco NV - Key offerings
            • 12.9 DuPont de Nemours Inc.
              • Exhibit 130: DuPont de Nemours Inc. - Overview
              • Exhibit 131: DuPont de Nemours Inc. - Business segments
              • Exhibit 132: DuPont de Nemours Inc. - Key news
              • Exhibit 133: DuPont de Nemours Inc. - Key offerings
              • Exhibit 134: DuPont de Nemours Inc. - Segment focus
            • 12.10 Lotte Chemical Corp.
              • Exhibit 135: Lotte Chemical Corp. - Overview
              • Exhibit 136: Lotte Chemical Corp. - Business segments
              • Exhibit 137: Lotte Chemical Corp. - Key offerings
              • Exhibit 138: Lotte Chemical Corp. - Segment focus
            • 12.11 LX Hausys Ltd.
              • Exhibit 139: LX Hausys Ltd. - Overview
              • Exhibit 140: LX Hausys Ltd. - Product / Service
              • Exhibit 141: LX Hausys Ltd. - Key offerings
            • 12.12 Pokarna Ltd.
              • Exhibit 142: Pokarna Ltd. - Overview
              • Exhibit 143: Pokarna Ltd. - Business segments
              • Exhibit 144: Pokarna Ltd. - Key offerings
              • Exhibit 145: Pokarna Ltd. - Segment focus
            • 12.13 Prism Johnson Ltd.
              • Exhibit 146: Prism Johnson Ltd. - Overview
              • Exhibit 147: Prism Johnson Ltd. - Business segments
              • Exhibit 148: Prism Johnson Ltd. - Key offerings
              • Exhibit 149: Prism Johnson Ltd. - Segment focus
            • 12.14 Q.R.B.G. S.r.l.
              • Exhibit 150: Q.R.B.G. S.r.l. - Overview
              • Exhibit 151: Q.R.B.G. S.r.l. - Product / Service
              • Exhibit 152: Q.R.B.G. S.r.l. - Key offerings
            • 12.15 Quartzforms Spa
              • Exhibit 153: Quartzforms Spa - Overview
              • Exhibit 154: Quartzforms Spa - Product / Service
              • Exhibit 155: Quartzforms Spa - Key offerings
            • 12.16 Stone Italiana Spa
              • Exhibit 156: Stone Italiana Spa - Overview
              • Exhibit 157: Stone Italiana Spa - Product / Service
              • Exhibit 158: Stone Italiana Spa - Key offerings
            • 12.17 Wilsonart LLC
              • Exhibit 159: Wilsonart LLC - Overview
              • Exhibit 160: Wilsonart LLC - Product / Service
              • Exhibit 161: Wilsonart LLC - Key offerings

            13 Appendix

            • 13.1 Scope of the report
              • 13.2 Inclusions and exclusions checklist
                • Exhibit 162: Inclusions checklist
                • Exhibit 163: Exclusions checklist
              • 13.3 Currency conversion rates for US$
                • Exhibit 164: Currency conversion rates for US$
              • 13.4 Research methodology
                • Exhibit 165: Research methodology
                • Exhibit 166: Validation techniques employed for market sizing
                • Exhibit 167: Information sources
              • 13.5 List of abbreviations
                • Exhibit 168: List of abbreviations

              Research Framework

              Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

              TechnavioINFORMATION SOURCES

              Primary sources

              • Manufacturers and suppliers
              • Channel partners
              • Industry experts
              • Strategic decision makers

              Secondary sources

              • Industry journals and periodicals
              • Government data
              • Financial reports of key industry players
              • Historical data
              • Press releases
              Technavio

              TechnavioDATA ANALYSIS

              Data Synthesis

              • Collation of data
              • Estimation of key figures
              • Analysis of derived insights

              Data Validation

              • Triangulation with data models
              • Reference against proprietary databases
              • Corroboration with industry experts
              Technavio

              TechnavioREPORT WRITING

              Qualitative

              • Market drivers
              • Market challenges
              • Market trends
              • Five forces analysis

              Quantitative

              • Market size and forecast
              • Market segmentation
              • Geographical insights
              • Competitive landscape
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              Engineered Stone market growth will increase by $9.68 billion during 2023-2027.
              The engineered stone market is expected to grow at a CAGR of 6.1% during 2023-2027.
              Technavio has segmented the engineered stone market by type (Block, slabs, and Tiles) ,application (Countertops, Flooring, Others, MEA, and South America) , and geography (APAC, Europe, North America, Middle East and Africa, and South America).
              A.St.A. WORLD WIDE, Akrilika Co., Aristech Surfaces LLC, Belenco, Breton S.p.A., CaesarStone Ltd., Cosentino SA, Diresco NV, DuPont de Nemours Inc., Global Surfaces Limited, Lotte Chemical Corp., LX Hausys Ltd., MAAS GmbH, Pokarna Ltd., Prism Johnson Ltd., Q.R.B.G. S.r.l., Quartzforms Spa, Santa Margherita Spa, SMARTSTONE AUSTRALIA PTY Ltd., Stone Italiana Spa, VICOSTONE, Wilsonart LLC are a few of the key vendors in the engineered stone market.
              APAC will register the highest growth rate of 39.67% among the other regions. Therefore, the engineered stone market in APAC is expected to garner significant business opportunities for the vendors during the forecast period.
              • US
              • China
              • Vietnam
              • Italy
              • Denmark
              The key factors driving the engineered stone market growth are:
              • Rising demand for durable alternatives to natural stone
              • Growing demand for fancy countertops
              The engineered stone market vendors should focus on grabbing business opportunities from the block segment as it accounted for the largest market share in the base year.
              • What are the key global market and the regional market share?
              • What are the revenue-generating key market segments?
              • What are the key factors driving and challenging this market’s growth?
              • Who are the key market vendors and their growth strategies?
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