The Engineered Stone Market Growth 2020-2025 presents an in-depth assessment of the Station Engineered Stone It provides the industry overview with market growth analysis with a historical & futuristic perspective considering the following parameters; cost, revenue, demands, and supply data (as applicable). The bottom-up approach was used to estimate the global market size of Station Engineered Stone based on end-use applications in the various regions, in terms of USD million. The report covers the historic growth of the market, the impact of the COVID-19, and also forecasts its recovery post-COVID-19. The report also presents forecasts for Engineered Stone investments from 2020 to 2025.
Top Companies in the Global Engineered Stone Market
Zhongxun, Baoliya, Sinostone, OVERLAND, UVIISTONE, Bitto(Dongguan), Gelandi, Polystone, Blue Sea Quartz, Meyate, Qianyun.
According to this study, over the next five years, the Engineered Stone market will register an 11.3% CAGR in terms of revenue, the global market size will reach $ 2089.6 million by 2025, from $ 1361.3 million in 2019.
Engineered stone is a composite material made of crushed stone bound together by an adhesive, (most commonly polymer resin, with some newer versions using cement mix). The two common stones used in producing these products are marble and quartz. The application of these products depends on the original stone used. For engineered marbles, the most common application is indoor flooring and walls, while the quartz based product is used primarily for kitchen countertops. Related materials include geopolymers and cast stone. Unlike terrazzo, the material is factory made in either blocks or slabs, cut and polished by fabricators, and assembled at the worksite.
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Key Market Trends
The global consumption of Engineered Stone increases from 226074 K Sq.m in 2013 to 359537 K Sq.m in 2017, at a CAGR of more than 12.30%. In 2017, the global Engineered Stone consumption market is led by China and China is the largest region consumption market, accounting for about 35.37% of global consumption of Engineered Stone.
Engineered Stone downstream is wide and recently Engineered Stone has acquired increasing significance in various fields of Kitchen Countertops, Facades, Flooring, Bathroom, and others. Globally, the Engineered Stone market is mainly driven by growing demand for the Bathroom. The bathroom accounts for nearly 35.42% of the total downstream consumption of Engineered Stone in globally.
Engineered Stone can be mainly divided into Artificial Marble and Artificial Quartz which Artificial Marble captures about 88.91% of the Engineered Stone market in 2017. According to our research and analysis, manufacturers from China are the major leaders in the international market of Engineered Stone.
The global market is expected to witness significant growth on account of rising applications, so in the next few years, Engineered Stone consumption will show a trend of steady growth. In 2024 the consumption of Engineered Stone is estimated to be 788768 K Sq.m. On product prices, the slow downward trend in recent years will maintain in the future.
The Engineered Stone market can be divided based on product types and its sub-type, major applications and Third Party usage area, and important regions.
This report segments the global Engineered Stone Market on the basis of Types are
On The basis Of Application, the Global Engineered Stone Market is Segmented into
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Regions Are covered By Engineered Stone Market Report 2020 To 2025.
North America, Europe, China, Japan, Southeast Asia, India.
North America (USA, Canada, and Mexico).
Europe (Germany, France, UK, Russia, and Italy).
Asia-Pacific (China, Japan, Korea, India, and Southeast Asia).
Significant Features that are under Offering and Key Highlights of the Reports
-Detailed overview of Engineered Stone Market
-Changing Engineered Stone market dynamics of the industry
-In-depth market segmentation by Type, Application, etc.
-Historical, current and projected Engineered Stone market size in terms of volume and value
Recent industry trends and developments
-Competitive landscape of Engineered Stone Market
-Strategies of key players and product offerings
-Potential and niche segments/regions exhibiting promising growth.
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The report has 150 tables and figures browse the report description and TOC
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All the reports that we list have been tracking the impact of COVID-19 the market. Both upstream and downstream of the entire supplychain has been accounted for while doing this. Also, where possible, we will provide an additional COVID-19 update supplement/report to the report in Q3, please check for with the sales team.
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