Engineered Quartz Market Research Report 2021-2031
The Engineered Quartz Market is expected to register a CAGR of 9% from 2024 to 2031, with a market size expanding from US$ XX million in 2024 to US$ XX Million by 2031.
Engineered Quartz Market covers analysis By Type (Countertops, Flooring, Wall, Others); Application (Residential, Commercial), and Geography (North America, Europe, Asia Pacific, Middle East and Africa, and South and Central America). Engineered quartz is a manmade product that is created mainly from natural materials. Engineered quartz is made 90% to 94% from ground quartz and 6% - 10% colors and resins that are combined into long-lasting and nonporous slabs. This type of engineered quartz is organically resistant to scratches, abrasion, dents, and even acids without the need for sealants. The environmental impact of manmade quartz is low hence, the product is very long lasting.
Purpose of the ReportThe report Engineered Quartz Market by The Insight Partners aims to describe the present landscape and future growth, top driving factors, challenges, and opportunities. This will provide insights to various business stakeholders, such as:
- Technology Providers/Manufacturers: To understand the evolving market dynamics and know the potential growth opportunities, enabling them to make informed strategic decisions.
- Investors: To conduct a comprehensive trend analysis regarding the market growth rate, market financial projections, and opportunities that exist across the value chain.
- Regulatory bodies: To regulate policies and police activities in the market with the aim of minimizing abuse, preserving investor trust and confidence, and upholding the integrity and stability of the market.
Engineered Quartz Market Segmentation
Type- Countertops
- Flooring
- Wall
- Residential
- Commercial
Strategic Insights
Engineered Quartz Market Growth Drivers- Increased Demand for Luxury and Aesthetics Surface:Engineered quartz, which is known for its superior durability, aesthetic appeal, and wide range of colors and patterns, is increasingly preferred in luxury residential and commercial interiors. The demand for high-end countertops, flooring, and wall cladding is growing, particularly in kitchens and bathrooms, which boosts the consumption of engineered quartz. As consumer preferences shift toward stylish and functional design solutions, engineered quartz remains a top choice for architects, designers, and homeowners.
- Developments in Manufacturing Technology: Current innovation in the engineered quartz production process has led to a much stronger material that is more aesthetically pleasing and customizable. Technologies to increase the surface's durability, scratch resistance, and stain resistance as well as the development of green and sustainable manufacturing processes enhance its appeal. This way, engineered quartz has managed to compete with natural stone products, offering affordable, sustainable, and versatile alternatives without compromising quality.
- Growth in construction and real estate sector:A growth boom in global construction and real estate has come about mostly in emerging markets like Asia-Pacific, thus having the effect on the demand of engineered quartz. Both residential and commercial buildings are now embracing interior surfaces of the real estate made using engineered quartz due to their cost effectiveness, low maintenance, and durability. High-quality material such as engineered quartz, which is more demanded for urbanization and increased economic activities worldwide.
- Sustainability and Eco-friendly Products: The engineered quartz market will witness a trend of eco-sensitive consumption, which is pushed both by the demand coming from consumers and regulatory mandates. Manufacturers are increasingly placing emphasis on the production of sustainable quartz surfaces, along with recycled content and minimization of water and energy usage in the manufacturing processes. This trend is coupled with the general shift witnessed in the construction industry's movement toward sustainable building products, which is molding the destiny of engineered quartz.
- Customization and Design Flexibility: Consumers and designers are also increasingly demanding highly customized and individualized products, and engineered quartz presents an entire realm of possibilities. The advanced possibilities of color, texture, and pattern customization present bespoke quartz surfaces that accommodate every possible aesthetic from minimalistic modern to luxury classical. In consequence, market trends have now been directed towards personalizing and tailoring engineered quartz surfaces that specifically respond to customer preferences.
- Increasing Popularity of Online Sales Channels: The distribution of engineered quartz has shifted significantly to the e-commerce platforms. Online shopping for building materials has increased significantly, and most manufacturers and suppliers are shifting their sales channels to an online platform to reach global consumers. The pandemic accelerated this trend, and its continuation is expected as more consumers seek more convenient means of exploring, comparing, and purchasing engineered quartz products.
- Expansion into Emerging Markets: Developing regions like Asia-Pacific, Latin America, and Africa experience rapid urbanization and infrastructure development, offering great opportunity for the manufacturers of engineered quartz to penetrate such markets. The increasing middle-class population and increased construction activity are likely to fuel the demand for quality, low-cost, and durable materials like engineered quartz. Companies could seize the opportunities with the help of local manufacturing and distribution partnerships.
- Innovation in Product Offerings (Eco-friendly and Smart Surfaces): The growing demand for sustainable, eco-friendly materials offers manufacturers the opportunity to innovate with quartz products that have recycled content, non-toxic resins, or biodegradable properties. Another area of interest is the integration of smart technologies, such as antimicrobial surfaces or self-cleaning properties, into engineered quartz, which could be of interest to both residential and commercial sectors, thus giving manufacturers a competitive edge.
- Commercial Segment Growth: While residential applications still lead, there is a huge growth opportunity in commercial applications, mainly in offices, hotels, restaurants, and retail businesses. Commercial applications require hard-wearing and high-performance surfaces, where engineered quartz stands out from the pack due to resistance to stain, scratch, and heat. The high-volume sector would include areas such as hospitality and corporate real estate, holding huge opportunities for growth.
Market Report Scope
Key Selling Points
- Comprehensive Coverage: The report comprehensively covers the analysis of products, services, types, and end users of the Engineered Quartz Market, providing a holistic landscape.
- Expert Analysis: The report is compiled based on the in-depth understanding of industry experts and analysts.
- Up-to-date Information: The report assures business relevance due to its coverage of recent information and data trends.
- Customization Options: This report can be customized to cater to specific client requirements and suit the business strategies aptly.
The research report on the Engineered Quartz Market can, therefore, help spearhead the trail of decoding and understanding the industry scenario and growth prospects. Although there can be a few valid concerns, the overall benefits of this report tend to outweigh the disadvantages.
REGIONAL FRAMEWORK
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Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
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to segments covered.
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
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to country scope.
Frequently Asked Questions
The shift towards sustainability and environment-friendly product is an emerging trend in the market.
Based on geography, North America held the largest share of the engineered quartz market due to the the vast automotive industry in the region.
The commercial application segment accounted for the largest market share in 2023.
The growing demand from commercial application is a key driver in the market.
Baba Quartz, Caesarstone Ltd., HanStone (Hyundai LandC Co., Ltd.), Johnson Marble and Quartz, M S International, Inc., NhatHuy Group, Palash Internationals, Pokarna Limited, Silestone (Cosentino S.A.), and Sodo are some of the key players in the market.
The Engineered Quartz Market is estimated to witness a CAGR of 9% from 2023 to 2031
1. INTRODUCTION
1.1. SCOPE OF THE STUDY
1.2. THE INSIGHT PARTNERS RESEARCH REPORT GUIDANCE
1.3. MARKET SEGMENTATION
1.3.1 Engineered Quartz Market - By Type
1.3.2 Engineered Quartz Market - By Application
1.3.3 Engineered Quartz Market - By Region
1.3.3.1 By Country
2. KEY TAKEAWAYS
3. RESEARCH METHODOLOGY
4. ENGINEERED QUARTZ MARKET LANDSCAPE
4.1. OVERVIEW
4.2. PEST ANALYSIS
4.2.1 North America - Pest Analysis
4.2.2 Europe - Pest Analysis
4.2.3 Asia-Pacific - Pest Analysis
4.2.4 Middle East and Africa - Pest Analysis
4.2.5 South and Central America - Pest Analysis
4.3. EXPERT OPINIONS
5. ENGINEERED QUARTZ MARKET - KEY MARKET DYNAMICS
5.1. KEY MARKET DRIVERS
5.2. KEY MARKET RESTRAINTS
5.3. KEY MARKET OPPORTUNITIES
5.4. FUTURE TRENDS
5.5. IMPACT ANALYSIS OF DRIVERS AND RESTRAINTS
6. ENGINEERED QUARTZ MARKET - GLOBAL MARKET ANALYSIS
6.1. ENGINEERED QUARTZ - GLOBAL MARKET OVERVIEW
6.2. ENGINEERED QUARTZ - GLOBAL MARKET AND FORECAST TO 2028
6.3. MARKET POSITIONING/MARKET SHARE
7. ENGINEERED QUARTZ MARKET - REVENUE AND FORECASTS TO 2028 - TYPE
7.1. OVERVIEW
7.2. TYPE MARKET FORECASTS AND ANALYSIS
7.3. COUNTERTOPS
7.3.1. Overview
7.3.2. Countertops Market Forecast and Analysis
7.4. FLOORING
7.4.1. Overview
7.4.2. Flooring Market Forecast and Analysis
7.5. WALL
7.5.1. Overview
7.5.2. Wall Market Forecast and Analysis
7.6. OTHERS
7.6.1. Overview
7.6.2. Others Market Forecast and Analysis
8. ENGINEERED QUARTZ MARKET - REVENUE AND FORECASTS TO 2028 - APPLICATION
8.1. OVERVIEW
8.2. APPLICATION MARKET FORECASTS AND ANALYSIS
8.3. RESIDENTIAL
8.3.1. Overview
8.3.2. Residential Market Forecast and Analysis
8.4. COMMERCIAL
8.4.1. Overview
8.4.2. Commercial Market Forecast and Analysis
9. ENGINEERED QUARTZ MARKET REVENUE AND FORECASTS TO 2028 - GEOGRAPHICAL ANALYSIS
9.1. NORTH AMERICA
9.1.1 North America Engineered Quartz Market Overview
9.1.2 North America Engineered Quartz Market Forecasts and Analysis
9.1.3 North America Engineered Quartz Market Forecasts and Analysis - By Type
9.1.4 North America Engineered Quartz Market Forecasts and Analysis - By Application
9.1.5 North America Engineered Quartz Market Forecasts and Analysis - By Countries
9.1.5.1 United States Engineered Quartz Market
9.1.5.1.1 United States Engineered Quartz Market by Type
9.1.5.1.2 United States Engineered Quartz Market by Application
9.1.5.2 Canada Engineered Quartz Market
9.1.5.2.1 Canada Engineered Quartz Market by Type
9.1.5.2.2 Canada Engineered Quartz Market by Application
9.1.5.3 Mexico Engineered Quartz Market
9.1.5.3.1 Mexico Engineered Quartz Market by Type
9.1.5.3.2 Mexico Engineered Quartz Market by Application
9.2. EUROPE
9.2.1 Europe Engineered Quartz Market Overview
9.2.2 Europe Engineered Quartz Market Forecasts and Analysis
9.2.3 Europe Engineered Quartz Market Forecasts and Analysis - By Type
9.2.4 Europe Engineered Quartz Market Forecasts and Analysis - By Application
9.2.5 Europe Engineered Quartz Market Forecasts and Analysis - By Countries
9.2.5.1 Germany Engineered Quartz Market
9.2.5.1.1 Germany Engineered Quartz Market by Type
9.2.5.1.2 Germany Engineered Quartz Market by Application
9.2.5.2 France Engineered Quartz Market
9.2.5.2.1 France Engineered Quartz Market by Type
9.2.5.2.2 France Engineered Quartz Market by Application
9.2.5.3 Italy Engineered Quartz Market
9.2.5.3.1 Italy Engineered Quartz Market by Type
9.2.5.3.2 Italy Engineered Quartz Market by Application
9.2.5.4 United Kingdom Engineered Quartz Market
9.2.5.4.1 United Kingdom Engineered Quartz Market by Type
9.2.5.4.2 United Kingdom Engineered Quartz Market by Application
9.2.5.5 Russia Engineered Quartz Market
9.2.5.5.1 Russia Engineered Quartz Market by Type
9.2.5.5.2 Russia Engineered Quartz Market by Application
9.2.5.6 Rest of Europe Engineered Quartz Market
9.2.5.6.1 Rest of Europe Engineered Quartz Market by Type
9.2.5.6.2 Rest of Europe Engineered Quartz Market by Application
9.3. ASIA-PACIFIC
9.3.1 Asia-Pacific Engineered Quartz Market Overview
9.3.2 Asia-Pacific Engineered Quartz Market Forecasts and Analysis
9.3.3 Asia-Pacific Engineered Quartz Market Forecasts and Analysis - By Type
9.3.4 Asia-Pacific Engineered Quartz Market Forecasts and Analysis - By Application
9.3.5 Asia-Pacific Engineered Quartz Market Forecasts and Analysis - By Countries
9.3.5.1 Australia Engineered Quartz Market
9.3.5.1.1 Australia Engineered Quartz Market by Type
9.3.5.1.2 Australia Engineered Quartz Market by Application
9.3.5.2 China Engineered Quartz Market
9.3.5.2.1 China Engineered Quartz Market by Type
9.3.5.2.2 China Engineered Quartz Market by Application
9.3.5.3 India Engineered Quartz Market
9.3.5.3.1 India Engineered Quartz Market by Type
9.3.5.3.2 India Engineered Quartz Market by Application
9.3.5.4 Japan Engineered Quartz Market
9.3.5.4.1 Japan Engineered Quartz Market by Type
9.3.5.4.2 Japan Engineered Quartz Market by Application
9.3.5.5 South Korea Engineered Quartz Market
9.3.5.5.1 South Korea Engineered Quartz Market by Type
9.3.5.5.2 South Korea Engineered Quartz Market by Application
9.3.5.6 Rest of Asia-Pacific Engineered Quartz Market
9.3.5.6.1 Rest of Asia-Pacific Engineered Quartz Market by Type
9.3.5.6.2 Rest of Asia-Pacific Engineered Quartz Market by Application
9.4. MIDDLE EAST AND AFRICA
9.4.1 Middle East and Africa Engineered Quartz Market Overview
9.4.2 Middle East and Africa Engineered Quartz Market Forecasts and Analysis
9.4.3 Middle East and Africa Engineered Quartz Market Forecasts and Analysis - By Type
9.4.4 Middle East and Africa Engineered Quartz Market Forecasts and Analysis - By Application
9.4.5 Middle East and Africa Engineered Quartz Market Forecasts and Analysis - By Countries
9.4.5.1 South Africa Engineered Quartz Market
9.4.5.1.1 South Africa Engineered Quartz Market by Type
9.4.5.1.2 South Africa Engineered Quartz Market by Application
9.4.5.2 Saudi Arabia Engineered Quartz Market
9.4.5.2.1 Saudi Arabia Engineered Quartz Market by Type
9.4.5.2.2 Saudi Arabia Engineered Quartz Market by Application
9.4.5.3 U.A.E Engineered Quartz Market
9.4.5.3.1 U.A.E Engineered Quartz Market by Type
9.4.5.3.2 U.A.E Engineered Quartz Market by Application
9.4.5.4 Rest of Middle East and Africa Engineered Quartz Market
9.4.5.4.1 Rest of Middle East and Africa Engineered Quartz Market by Type
9.4.5.4.2 Rest of Middle East and Africa Engineered Quartz Market by Application
9.5. SOUTH AND CENTRAL AMERICA
9.5.1 South and Central America Engineered Quartz Market Overview
9.5.2 South and Central America Engineered Quartz Market Forecasts and Analysis
9.5.3 South and Central America Engineered Quartz Market Forecasts and Analysis - By Type
9.5.4 South and Central America Engineered Quartz Market Forecasts and Analysis - By Application
9.5.5 South and Central America Engineered Quartz Market Forecasts and Analysis - By Countries
9.5.5.1 Brazil Engineered Quartz Market
9.5.5.1.1 Brazil Engineered Quartz Market by Type
9.5.5.1.2 Brazil Engineered Quartz Market by Application
9.5.5.2 Argentina Engineered Quartz Market
9.5.5.2.1 Argentina Engineered Quartz Market by Type
9.5.5.2.2 Argentina Engineered Quartz Market by Application
9.5.5.3 Rest of South and Central America Engineered Quartz Market
9.5.5.3.1 Rest of South and Central America Engineered Quartz Market by Type
9.5.5.3.2 Rest of South and Central America Engineered Quartz Market by Application
10. INDUSTRY LANDSCAPE
10.1. MERGERS AND ACQUISITIONS
10.2. AGREEMENTS, COLLABORATIONS AND JOIN VENTURES
10.3. NEW PRODUCT LAUNCHES
10.4. EXPANSIONS AND OTHER STRATEGIC DEVELOPMENTS
11. ENGINEERED QUARTZ MARKET, KEY COMPANY PROFILES
11.1. BABA QUARTZ
11.1.1. Key Facts
11.1.2. Business Description
11.1.3. Products and Services
11.1.4. Financial Overview
11.1.5. SWOT Analysis
11.1.6. Key Developments
11.2. CAESARSTONE LTD.
11.2.1. Key Facts
11.2.2. Business Description
11.2.3. Products and Services
11.2.4. Financial Overview
11.2.5. SWOT Analysis
11.2.6. Key Developments
11.3. HANSTONE (HYUNDAI LANDC CO., LTD.)
11.3.1. Key Facts
11.3.2. Business Description
11.3.3. Products and Services
11.3.4. Financial Overview
11.3.5. SWOT Analysis
11.3.6. Key Developments
11.4. JOHNSON MARBLE AND QUARTZ
11.4.1. Key Facts
11.4.2. Business Description
11.4.3. Products and Services
11.4.4. Financial Overview
11.4.5. SWOT Analysis
11.4.6. Key Developments
11.5. M S INTERNATIONAL, INC.
11.5.1. Key Facts
11.5.2. Business Description
11.5.3. Products and Services
11.5.4. Financial Overview
11.5.5. SWOT Analysis
11.5.6. Key Developments
11.6. NHATHUY GROUP
11.6.1. Key Facts
11.6.2. Business Description
11.6.3. Products and Services
11.6.4. Financial Overview
11.6.5. SWOT Analysis
11.6.6. Key Developments
11.7. PALASH INTERNATIONALS
11.7.1. Key Facts
11.7.2. Business Description
11.7.3. Products and Services
11.7.4. Financial Overview
11.7.5. SWOT Analysis
11.7.6. Key Developments
11.8. POKARNA LIMITED
11.8.1. Key Facts
11.8.2. Business Description
11.8.3. Products and Services
11.8.4. Financial Overview
11.8.5. SWOT Analysis
11.8.6. Key Developments
11.9. SILESTONE (COSENTINO S.A.)
11.9.1. Key Facts
11.9.2. Business Description
11.9.3. Products and Services
11.9.4. Financial Overview
11.9.5. SWOT Analysis
11.9.6. Key Developments
11.10. SODOSTONE.COM AND
11.10.1. Key Facts
11.10.2. Business Description
11.10.3. Products and Services
11.10.4. Financial Overview
11.10.5. SWOT Analysis
11.10.6. Key Developments
12. APPENDIX
12.1. ABOUT THE INSIGHT PARTNERS
12.2. GLOSSARY OF TERMS
1. Baba Quartz
2. Caesarstone Ltd.
3. HanStone (Hyundai LandC Co., Ltd.)
4. Johnson Marble and Quartz
5. M S International, Inc.
6. NhatHuy Group
7. Palash Internationals
8. Pokarna Limited
9. Silestone (Cosentino S.A.)
10. sodostone.com and
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.
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