Global Engineered Quartz Surface Market, By Product Type (Press Molding Quartz, and Casting Quartz), End-User (Residential, and Commercial) - Industry Trends and Forecast to 2030.
Engineered Quartz Surface Market Analysis and Size
The rise in the number of mushrooming construction activities in emerging nations, acts as one of the major factors driving the growth of global engineered quartz surface market. The rise in demand for countertop utilized as a work platform for several applications which needs to be constructed with heat-resistant, durable and stain-proof materials and the growth of fabrication and construction industry accelerate the engineered quartz surface market growth.
Data Bridge Market Research analyses that the global engineered quartz surface market which was USD 23.45 billion in 2022, is expected to reach USD 45.54 billion by 2030, and is expected to undergo a CAGR of 8.65% during the forecast period of 2023 to 2030. “Residential” dominates the end-user segment of the engineered quartz surface market due to the increasing demand for countertops, flooring, and wall cladding in residential buildings. Engineered quartz surfaces offer a combination of aesthetic appeal, durability, and low maintenance, making them popular choices for homeowners.
In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include in-depth expert analysis, geographically represented company-wise production and capacity, network layouts of distributors and partners, detailed and updated price trend analysis and deficit analysis of supply chain and demand.
Engineered Quartz Surface Market Scope and Segmentation
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Report Metric
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Details
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Forecast Period
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2023 to 2030
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Base Year
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2022
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Historic Years
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2021 (Customizable to 2015-2020)
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Quantitative Units
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Revenue in USD Million, Volumes in Square Feet, Pricing in USD
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Segments Covered
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Product Type (Press Molding Quartz, and Casting Quartz), End-User (Residential, and Commercial)
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Countries Covered
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North America (U.S., Canada, and Mexico), South America (Brazil, Argentina, and Rest of South America), Europe (Germany, France, Italy, U.K., Belgium, Spain, Russia, Turkey, Netherlands, Switzerland, and the rest of Europe), Asia-Pacific (Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, and the rest of Asia-Pacific), Middle East and Africa (U.A.E, Saudi Arabia, Egypt, South Africa, Israel, and the rest of Middle East and Africa)
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Market Players Covered
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DuPont (U.S.), Macostone Co., Ltd. (China), STRASSER Steine GmbH (Austria), CAMBRIA (U.S.), Wilsonart LLC (U.S.), VICOSTONE (Vietnam), sodostone (China), Pokarna Limited (India), Cosentino S.A. (Spain), Caesarstone (Israel), Palash Internationals (India), Nhat Huy Group (Vietnam), M S International, Inc. (U.S.), BABA QUARTZ (India), Johnson Marble & Quartz (U.S.), HanStone Quartz (U.S.), Silestone (Spain), STONE SOURCE LLC (U.S.), LG HAUSYS (South Korea), and Alicante Quartz (Spain)
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Market Opportunities
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Market Definition
Quartz refers to a premium material and the finished product including non-allergenic and non-toxic, which lasts a lifetime and decreases the need for replacement. It is considered manmade product that is obtained from natural materials. The product is made 90% - 94% from ground quartz and 6% - 10% colors. Resins are combined into long-lasting and nonporous slabs. The engineered quartz is organically resistant to scratches, abrasion, dents, and even acids with no requirement for sealants.
Engineered Quartz Surface Market Dynamics
Drivers:
- Increasing demand for aesthetically appealing and durable surfaces
Engineered quartz surfaces offer a wide range of colors, patterns, and finishes that can mimic the appearance of natural stone like granite and marble. These surfaces are sought after for their ability to enhance the aesthetics of residential and commercial spaces. Additionally, engineered quartz surfaces are known for their durability, scratch resistance, and stain resistance, making them a popular choice among consumers who prioritize longevity and easy maintenance.
- Growing construction and infrastructure development activities
The global construction industry is witnessing significant growth, fueled by factors such as urbanization, population growth, and increased investment in infrastructure projects. Engineered quartz surfaces are widely used in the construction sector for applications like countertops, flooring, and wall cladding due to their versatility, performance, and aesthetic appeal. The rise in construction activities and infrastructure development worldwide drives the demand for engineered quartz surfaces.
- Shifting consumer preferences towards sustainable and eco-friendly materials
There is a growing awareness and preference for sustainable and eco-friendly materials in the market. Engineered quartz surfaces are considered environmentally friendly as they are made using a combination of natural quartz aggregates and resins. These surfaces do not require sealing, reducing the use of chemicals and maintenance requirements. The eco-friendly nature of engineered quartz surfaces appeals to environmentally conscious consumers and aligns with sustainability goals, driving their adoption.
Opportunities
- Rapidly evolving interior design trends and preferences
The interior design industry constantly evolves with changing trends and preferences. Engineered quartz surfaces provide designers and architects with a versatile material that can be customized to meet specific design requirements. The availability of a wide range of colors, patterns, and finishes allows for creativity and flexibility in design projects, enabling the incorporation of engineered quartz surfaces into various interior design styles and themes.
- Technological advancements and product innovation
Continuous technological advancements in manufacturing processes have led to improved quality, design options, and performance of engineered quartz surfaces. Manufacturers are investing in research and development to enhance the properties of quartz surfaces, such as increased resistance to heat, UV radiation, and impact. Moreover, product innovation allows for the introduction of new colors, patterns, and finishes, enabling customization to meet evolving customer preferences. These advancements and innovations create opportunities to cater to specific market segments and drive the overall growth of the industry.
Restraints/ Challenges
- Competition from alternative materials
Engineered quartz surfaces face competition from alternative materials such as natural stone, solid surface materials, and other countertop options like laminate and ceramic tiles. These alternatives offer different aesthetics, pricing, and performance characteristics, which may sway consumer preferences and impact the demand for engineered quartz surfaces. Price sensitivity, availability of options, and cultural preferences can influence the choice of materials, posing a restraint to the growth of the engineered quartz surface market.
- Installation and fabrication complexities
Engineered quartz surfaces require professional installation and fabrication expertise due to their weight, size, and specific installation requirements. The need for skilled labor and specialized equipment can increase the overall cost of installation, posing a restraint for budget-conscious consumers. Additionally, the availability of qualified installers and fabricators in certain regions or markets can limit the adoption of engineered quartz surfaces.
- Challenges in sourcing raw materials
Engineered quartz surfaces require high-quality quartz aggregates and resins as raw materials. Any disruptions in the availability or quality of these inputs can impact the production and supply of engineered quartz surfaces. Factors such as fluctuating raw material prices, mining regulations, and geopolitical issues can pose challenges in sourcing reliable and cost-effective raw materials, affecting the overall market growth.
- Fluctuating raw material costs
The cost and availability of raw materials used in the production of engineered quartz surfaces, such as quartz aggregates and resins, can fluctuate due to factors like mining regulations, supply chain disruptions, and global market dynamics. These fluctuations can impact the manufacturing costs and profit margins of engineered quartz surface manufacturers, posing challenges in maintaining competitive pricing and stable supply chains.
This global engineered quartz surface market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, the impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the engineered quartz surface market contact Data Bridge Market Research for an Analyst Brief, our team will help you make an informed market decision to achieve market growth.
Recent Development
- In November 2020, Wilsonart, a leading company in engineered quartz surfaces, has recently launched their Calacatta Quartz Collection. This collection offers engineered quartz surfaces that closely mimic the appearance and texture of marble. With its white colors and pronounced veining, the durable and scratch-resistant surfaces are designed to complement various interior styles. The environmentally sustainable surfaces are non-porous, non-absorbent, and stain-resistant, eliminating the need for chemical sealing.
Global Engineered Quartz Surface Market Scope
The global engineered quartz surface market is segmented on the basis of product type, and end-user. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
Product Type
- Press Molding Quartz
- Casting Quartz
End-User
- Residential
- Commercial
Global Engineered Quartz Surface Market Regional Analysis/Insights
The global engineered quartz surface market is analysed and market size insights and trends are provided by product type, and end-user are referenced above.
The countries covered in the engineered quartz surface market report are U.S., Canada, and Mexico in North America, Brazil, Argentina, and the rest of South America in South America, Germany, France, Italy, U.K., Belgium, Spain, Russia, Turkey, Netherlands, Switzerland, and the rest of Europe in Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, and the rest of Asia-Pacific in Asia-Pacific, and U.A.E., Saudi Arabia, Egypt, South Africa, Israel, and the rest of the Middle East and Africa in Middle East and Africa.
Asia-Pacific dominates the global engineered quartz surface market and is expected to be the fastest growing market during the forecast period of 2023 to 2030 owing to the rise in the standards of living in countries such as India and China, and increase in the number of renovations and refurbishments projects within the region.
The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impact the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends, and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, the impact of domestic tariffs, and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Global Engineered Quartz Surface Market Share Analysis
The engineered quartz surface market competitive landscape provides details by competitors. details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width, and breadth, application dominance. The above data points provided are only related to the companies' focus related to the engineered quartz surface market.
Some of the major players operating in the global engineered quartz surface market are:
- DuPont (U.S.)
- Macostone Co., Ltd. (China)
- STRASSER Steine GmbH (Austria)
- CAMBRIA (U.S.)
- Wilsonart LLC (U.S.)
- VICOSTONE (Vietnam)
- sodostone (China)
- Pokarna Limited (India)
- Cosentino S.A. (Spain)
- Caesarstone (Israel)
- Palash Internationals (India)
- Nhat Huy Group (Vietnam)
- M S International, Inc. (U.S.)
- BABA QUARTZ (India)
- Johnson Marble & Quartz (U.S.)
- HanStone Quartz (U.S.)
- Silestone (Spain)
- STONE SOURCE LLC (U.S.)
- LG HAUSYS (South Korea)
- Alicante Quartz (Spain)
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