About Engineered Quartz Stone
Growing Demand due to Eye capturing appearance and robustness will help to boost global Engineered Quartz Stone market. Quartz stone is made from natural slab that has been polished or engineered quartz composite. It is one of the firmest natural materials on earth and has an appearance like to granite. There are various applications of engineered quartz stone including kitchen countertops, bathroom vanities and counters, and custom solutions for home and commercial interiors. High adoption in Residential segment.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
Leading global players are focusing on strategic partnerships to improve their products and services. In addition, companies are focusing on increasing their client base to strengthen market position and to enhance product & service offerings. Analyst at AMA Research estimates that European Manufacturers will contribute the maximum growth to Global Engineered Quartz Stone market throughout the forecasted period. Established and emerging Manufacturers should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Dupont (United States), Compac (New Zealand), COSENTINO (Grupo Cosentino, S.L.) (Spain), Caesarstone (Israel), Hanwha L&C (Hyundai Home Shopping Network Corporation) (South Korea), LG Hausys (South Korea), Belenco Quartz Surfaces (Turkey), Quarella (Italy) and Technistone (United Kingdom) are some of the key players that are part of study coverage. Additionally, the Manufacturers which are also part of the research coverage are Falat Sang Asia Co. (Iran), Prestige Group (India) and Royal top (Iran).
Segmentation Overview
AMA Research has segmented the market of Global Engineered Quartz Stone market by Type (Quartz Surface, Quartz Tile and Others), Application (Residential Quartz and Commercial Quartz) and Region.
On the basis of geography, the market of Engineered Quartz Stone has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Distribution Channel, the sub-segment i.e. Online will boost the Engineered Quartz Stone market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Growing Development of Attractive and Aesthetic Infrastructure and High Adoption Due To Resistant To Bacteria Growth
Market Growth Drivers:
Increasing Usage of Engineered Stone Due To Its Elegant Appearance and Rapid Growth in Construction and Building Industry
Restraints:
Rising Concern Regarding High Cost Of Engineered Quartz Stone
Opportunities:
Increase Awareness about Pollution Mitigation and Huge Demand Due To Potential Use in Wide Range Of Applications
Market Leaders and their expansionary development strategies
On 10 November 2021, Cambria launched a new line of engineered quartz countertops called the Cambria Portraits Collection. The collection features 12 new designs inspired by natural stone and comes with Cambria's lifetime warranty.
On 15 February 2022, Cosentino S.A. announced its partnership with Kohler Co. to develop innovative kitchen and bath solutions. The collaboration will bring together Cosentino's expertise in the manufacture of engineered stone and Kohler's expertise in designing and producing kitchen and bath products.
Key Target Audience
Manufacturers, Traders and Distributors, Raw Material Suppliers, Transport Authorities, Research Institutes, Industry Associations, Market Research and Consulting Firm and Others
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.