Engineering Industry Today
Engineered Quartz Surface Market Analysis By Major Manufacturers and Competitive landscape
Engineered Quartz Surface Market Overview
The global Engineered Quartz Surface Market is projected to achieve a valuation of USD 36.72 billion by 2030, exhibiting a compound annual growth rate (CAGR) of 5.60% from 2024 to 2030. This growth is primarily attributed to the increasing demand for durable and aesthetically pleasing countertop solutions in both residential and commercial applications.
The majority of the materials used to make engineered quartz are natural. It consists of long-lasting, nonporous slabs composed of 6–10% resins and colors and 90–94% powdered quartz. Additionally, engineered quartz surfaces are highly appealing to interior designers, business property owners, and homebuyers due to their many advantages over natural stone. Sealants are not necessary because quartz is naturally resistant to abrasion, scratches, dents, and even acids, even in its manufactured form.
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Competitive Landscape
The engineered quartz surface market is characterized by intense competition, with several key players leading the industry:
- Caesarstone Ltd.: Renowned for its innovative designs and high-quality surfaces.
- Silestone: Offers a diverse range of durable and stylish quartz surfaces.
- Cosentino Group: A global leader with a strong presence in the engineered quartz market.
- LG Hausys: Known for integrating advanced technology in their quartz surface products.
These companies are actively engaged in product innovation, strategic collaborations, and mergers and acquisitions to strengthen their market positions.
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Regional Insights
United States: Growth and Consolidation
The United States represents a significant market for engineered quartz surfaces, driven by the expanding construction sector and a growing preference for energy-efficient building materials. The recovery of the construction industry post-COVID-19 has further propelled market expansion. Notably, MarbleTech Solutions finalized its acquisition of GraniteWorks, expanding its reach across the East Coast and introducing more high-quality quartz options to customers.
Asia Pacific: Opportunities and Trends
The Asia Pacific region dominated the global engineered stone market, accounting for the largest revenue share of 35.4% in 2022. This is due to the growing product utilization in the construction and decoration of residential and non-residential interiors in rapidly growing economies, such as China, India, Malaysia, and Singapore.
Europe: Trends and Updation
Europe is witnessing steady growth in the engineered quartz surface market due to the increasing adoption of sustainable and eco-friendly materials in construction projects. The market is expected to benefit from the presence of well-established manufacturing companies, such as Cranemere Group.
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Engineered Quartz Surface Market Segmentation
by Product
Press Molding Quartz
Casting Quartz
by Application
Flooring
Walls
Countertops
Door Jambs
Window Sills
Others
by End Use
Residential
Commercial
1.Research Laboratories
2.Retails
3.Hotels/Restaurants
4.Others
Engineered Quartz Surface Market, Key Players are
1. Macostone
2. STRASSER Steine GmbH
3. Cambria
4.Wilsonart LLC.
5. VICOSTONE
6. SodoStone
7. POKARNA LIMITED
8. Cosentino S.A.
9. DuPont de Nemours, Inc.
10. Caesarstone
11.USA Quartz
12. Spectrum Quartz
13.Granite Transformations
14. IceStone LLC
15. Seieffe Corporation (Okite)
16. LG Hausys
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