Quartz Slabs Market Scope
Quartz is a kind of non-porous surface that defends staining, and can also stand up to all types of acidic foods and spills. It is available in vast colors and styles since it is engineered. Quartz can hence be made in such a way that it resembles the other stones, including the popular types of marble and granite. Quartz slab is generally similar to granite and some other type of natural stones that makes these a great option for the homeowners. Quartz slabs are prepared from natural ground quartz and then are combined with the polymer resins which act as the protection layer from pathogens. Quartz slab is a very durable, cost-effective, and visually striking substitute for stones such as granite and marble. Therefore quartz has been growing steadily and becoming popular due to its features.
Attributes | Details |
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Study Period | 2017-2027 |
Base Year | 2021 |
Unit | Value (USD Million) |
Key Companies Profiled | Cosentino Group(Silestone) (Spain), Vicostone (United States), Caesarstone (Israel), Wilsonart(United States), Compac Quartz (Spain), Cambria Quartz (United States), ABC STONE (Santa Margherita Quartz) (United States), Granite Transformations (United States), Hyundai L & C (HanStone) (Germany), MSI (Q Quartz) (United States), IceStone LLC (United States) and GUIDONI (Brazil) |
CAGR | % |
The companies are exploring the market by adopting mergers & acquisitions, expansions, investments, new developments in existing products and collaborations as their preferred strategies. The players are exploring new geographies and industries through expansions and acquisitions to avail a competitive advantage through combined synergies. Research Analyst at AMA estimates that United States Vendors will contribute to the maximum growth of Global Quartz Slabs market throughout the predicted period.
Cosentino Group(Silestone) (Spain), Vicostone (United States), Caesarstone (Israel), Wilsonart(United States), Compac Quartz (Spain), Cambria Quartz (United States), ABC STONE (Santa Margherita Quartz) (United States), Granite Transformations (United States), Hyundai L & C (HanStone) (Germany), MSI (Q Quartz) (United States), IceStone LLC (United States) and GUIDONI (Brazil) are some of the key players that are part of study coverage. Additionally, the Vendors which are also part of the research are Viatera (United States) and Corian Quartz (United States).
About Approach
The research aims to propose a patent-based approach in searching for potential technology partners as a supporting tool for enabling open innovation. The study also proposes a systematic searching process of technology partners as a
preliminary step to select the emerging and key players that are involved in implementing market estimations. While patent analysis is employed to overcome the aforementioned data- and process-related limitations, as expenses occurred in that technology allows us to estimate the market size by evolving segments as target market from total available market.
Segmentation Overview
The study have segmented the market of Global Quartz Slabs market by Type (Indoor Slabs and Outdoor Slabs), by Application (Countertops, Backsplashes, Flooring and Others) and Region with country level break-up.
On the basis of geography, the market of Quartz Slabs 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).
region held largest market share in the year 2021.
Market Leaders and their expansionary development strategies
On December 11th, 2019 - MSI, North America’s leading distributor of countertops and hard surface flooring, proudly announced the establishment of a joint venture with Spectrum Quartz to create the leading quartz slab manufacturing production facility in the United States. MSI and Spectrum Quartz subsequently discussed combining the manufacturing expertise of Spectrum Quartz with the financial backing and sales and distribution network of MSI. The team has been working tirelessly over the past several months to transform the existing 360,000 square foot building into a state-of-the-art quartz manufacturing facility. The first two quartz lines will begin their test production later this month, with commercial production expected in the first quarter of 2020.
Market Trend
- The Rise in Disposable Income Coupled with the Interest of Interior Designing Majorly by Women has created a Trend in the Market
- Growing Popularity among Consumers Regarding Engineered stones
- Rising Demand for Such Commercial and Residential Spaces That Are Equipped With Good Quality and Durable Slabs
Opportunities
- Increase in the Investments on Research and Development and Product Design Process by Quartz Stone Manufacturers
- Growing New Technical Applications May Widely Change the Industry Standards and Fetch More Opportunities for the Tech-Oriented Companies
- Increase in Residential Building Tie-Ups with Governmental Expenditures on Infrastructural Development
Restraints
- Quartz Slabs Can Be Easily Damaged by Heat
- Due To the Heavy Weight of Quartz Slabs, the Installation Team Must Make Sure the Cabinets and Walls Where Slabs Are to Be Placed Are Structurally Sound
- Government Regulations Regarding the Manufacturing of Quartz Slabs
Challenges
- The Fluctuating Costs of Raw Materials and Labours for the Engineering of Quartz Slabs
Key Target Audience
Manufacturers of Quartz Slab, Distributors and Suppliers of Quartz Slab, Construction Industry, Architecture Industry, Regulatory Bodies and Governmental Bodies