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Engineered Stone Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2019 - 2027

 

Engineered Stone Market: Introduction

  • Engineered stone is a composite material, which is also known as agglomerated stone. It is made by binding crushed stone with adhesive such as polymeric resin or cement mixture. Polymer concrete, engineered quartz, and engineered marble stone are few of the engineered stones available in the market.
  • Engineered stone is widely used in kitchen countertops, walls, and flooring applications. Engineered stone is non-porous and is harder as well as flexible than natural stone. They are resistant to bacterial growth and thus help in maintaining a hygienic environment.
  • Engineered stones do not crack due to the presence of polymeric resins such as epoxy, polyester, etc. These polymeric resins prevent cracking of engineered stone under flexural pressure and allow flexibility to the stone.

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Key Drivers of Global Engineered Stone Market

  • Engineered stones are environment-friendly, as 94 % of its content includes crushed waste stone left in quarries or from natural stone beds. Rise in demand for environment-friendly and sustainable building products for various applications such as kitchen worktops, flooring, raised flooring, internal cladding, vanity tops, and bathroom furnishings for residential and commercial construction projects is driving the global engineered stone market.
  • Increase in awareness about growing pollution is driving contractors as well as construction material manufacturer to utilize as well as produce recyclable engineered stone. This is expected to fuel the global market during the forecast period.
  • Rapid growth of the building & construction industry across the globe is one of the other prime reasons driving the global engineered stone market. Engineered stone can be produced in large sizes and are non-porous in nature. These can be used in wet areas such as washrooms, swimming pools, showers, bath tubs, etc. All these factors are expected to boost the market growth during the forecast period.

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Rise in Demand for Cement Adhesive for Manufacturing of Engineered Stone

  • Bonding agents that are inert and do not produce any form of allergens are driving the demand for cement adhesives for engineered stone. This may provide lucrative opportunities to the manufacturers of engineered stone in the market.
  • Focus on recyclable engineered stone products, such as porcelain sink, liquor bottles, beer bottles, wine bottles, and perfume bottles, etc. with unique aesthetic appeal is anticipated to create several growth opportunities in the global market

Discoloration of Engineered Stone Due to UV Exposure Likely to Hamper Market

  • Engineered stone contain polymeric resins, which are not UV stable leading to discoloration of the stone and breakdown of the resin binder. Continuous exposure to UV rays leads to hardening of binding agents, which results in loss of flexural strength of engineered stone over time. Therefore, these stones are not suitable for outdoor applications.
  • Engineered stones, such as quartz, is less heat-resistant as compared to granite, limestone, and marble. Quartz-based engineered stone can be damaged by sudden temperature change and are more sensitive to both thermal expansion and contraction. All these factors are expected to restrain the global engineered stone market during the forecast period.

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Key Players in Global Market

Research & development and capacity expansion are key strategies adopted by top players operating in the global engineered stone market.

Key players operating in the global engineered stone market include:

  • Granite & Marble Specialties
  • St.A. WORLD-WIDE
  • Diresco
  • Viatera USA
  • Quartzforms
  • RMS
  • Santa Margherita Spa
  • Silestone
  • Stone Italiana S.p.A.
  • Tchnistone
  • VICOSTONE
  • Topzstone

Global Engineered Stone Market: Research Scope

Global Engineered Stone Market, by Product

  • Slab
  • Block

Global Engineered Stone Market, by Process

  • Cold Curing
  • Hot Curing

Global Engineered Stone Market, by Application

  • Kitchen Countertops
  • Bathroom Countertops
  • Flooring
  • Facades
  • Walls
  • Others

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