Engineered Stone Industry

The global engineered stone market reached a valuation of USD 23.42 billion in the year 2022 and is projected to witness a steady expansion at a compound annual growth rate (CAGR) of 5.8% during the forecast period from 2023 to 2030. This anticipated growth is primarily attributed to the surge in construction activities observed worldwide, encompassing various sectors such as residential, commercial, and infrastructure development projects. Additionally, the rising preference for quartz-based engineered stone is expected to significantly contribute to the upward trajectory of the market. A further boost to market growth is likely to come from the increasing demand for alternatives to natural stone that are both visually appealing and long-lasting, alongside the expanding use of environmentally sustainable construction materials.

In the year 2022, the blocks and slabs category emerged as the leading product segment within the engineered stone market. This dominance can be largely credited to heightened investments directed toward the construction of large-scale commercial and residential buildings. Moreover, the growing consumer preference for stylish countertops that enhance the aesthetic appeal of interior spaces is likely to sustain and increase the demand for this segment over the coming years. The product, commonly referred to as quartz, is manufactured using aggregates derived from marble or quartz crystals in combination with other types of rocks, all of which are bound together using a resin-based binder such as epoxy.

Breton SpA, an established and prominent Italian enterprise specializing in the manufacture of man-made stone materials, has pioneered and patented a manufacturing process that is employed in the production of nearly all engineered stone on a global scale. The pursuit of attractive and aesthetically pleasing infrastructure has emerged as a significant factor encouraging the adoption of engineered stone. This material has garnered widespread acceptance for various domestic applications, including bathroom vanities, kitchen countertops, wall cladding, and flooring, owing to its sophisticated and elegant appearance.

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Frequently Asked Questions About This Report

1. What is engineered stone?

Engineered stone is a composite material made primarily from crushed natural stone (usually quartz) combined with a resin binder and pigments. It is manufactured under high pressure and vacuum conditions, resulting in a non-porous, durable, and aesthetically consistent material. It is widely used in countertops, flooring, and wall cladding.

2. What are the key applications of engineered stone?

Engineered stone is predominantly used in:

• Countertops (kitchen and bathroom)
• Flooring
• Wall cladding
• Vanity tops and backsplashes
  Its popularity is growing in both residential and commercial sectors due to its durability and low maintenance.

3. What is driving the growth of the engineered stone market?

The major growth drivers include:

• Increased demand for premium kitchen and bathroom surfaces
• Growth in residential and commercial construction activities
• Consumer preference for low-maintenance and durable materials
• Shifts toward sustainable and consistent aesthetics in design
• Rising disposable income in developing regions

4. Which regions are witnessing the highest growth?

While Europe and North America are mature markets, Asia Pacific is expected to experience the fastest growth. This is due to rapid urbanization, increased infrastructure development, and rising consumer awareness about interior aesthetics in countries such as China and India.

5. Who are the key players in the engineered stone market?

The market is moderately consolidated with leading players involved in innovations, mergers, and global expansions. Major companies include:

• Cosentino S.A.
• Caesarstone Ltd.
• Cambria
• Vicostone
• LG Hausys
  These companies focus on expanding their product range, enhancing distribution networks, and adopting sustainable manufacturing practices.

6. What are the main types of engineered stone?

Engineered stone is often categorized based on its primary material and application. Quartz-based engineered stone is the most prevalent, but materials like marble-based engineered composites are also available. Differentiation is also made based on:

• Slab size
• Color and finish (polished, matte, textured)
• Edge profile and thickness

7. What are the challenges faced by the industry?

Some of the key challenges include:

• High production costs due to resin and energy usage
• Environmental regulations related to silica dust during manufacturing
• Availability of natural alternatives such as granite and marble
• Price volatility in raw materials and resin components

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