An engineered stone is also known by the term of agglomerated stone that are made of resin binder, quartz, quartzite, colors and additive. On Earth's surface, an engineered stone is typically available in the form of quartz, a silicate crystal that contains silicon oxide. Engineered stones are highly resistant to heat and abrasion as well as are extremely robust, and are therefore extensively used in fireplaces. Engineered stones are resistant to growth of bacteria and contribute to the maintenance of a hygienic environment.

The global engineered stone market was valued at $21.1 billion in 2021, and is projected to reach $35.1 billion by 2031, growing at a CAGR of 5.3% from 2022 to 2031.

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Rapid expansion in the construction and building industries is boosting the global demand for manufactured stone. Engineered stones are appropriate for use in hospital kitchen, cafeterias, and commercial buildings, due to their impermeable and long-lasting characteristics. Engineered stones can be manufactured in huge sizes, and their impermeable nature enables them to be utilized in wet areas such as bathrooms, swimming pools, showers, and bathtubs and others.

Engineered stones may be used in a large variety of applications, hence boosting the growth and demand on the global market. However, the engineered stones are vulnerable to discoloration by chemical products, cleaning chemicals, acids, oil, and others. In contrast, a stone known as Stonemark maintains its stainless surface even after being exposed to chemical products, oil, or cleaning solutions, etc. This stone is infused with a water-based stain-resistance solution to serve as a substitute for it. This acts as a restraining factor for engineered stone market. Some engineered stone items, such as porcelain sinks, liquor bottles, wine bottles, beer bottles, and perfume bottles, include up to 70 % recyclable material, allowing for recycling and reuse.

In addition, attractiveness and durability of engineered stone boost its usage in works of art, which is projected to create lucrative growth opportunities in the global engineered stone market.

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Asia-Pacific contributed 40.48% market share in 2021 and is projected to grow at CAGR of 6.2% during the forecast period. Owing to the increased demand from construction industry.
Major players operating in the global engineered stone market include A.St.A. WORLD-WIDE, Belenco, Caesarstone Ltd., Cosentino S.A., Granite & Marble Specialties, H & R Johnson, LX Hausys, Q.R.B.G.s.r.l., Quartzforms, SantaMargherita, Silestone, Stone Italiana S.P.A., Technistone s.r.o, Topzstone, and VICOSTONE. Other players operating in the engineered stone market are RMS, Diresco, Viatera USA.

Key Market Players:

Silestone, Technistone s.r.o, Topzstone, Granite & Marble Specialties, quartzforms spa, vicostone, Santa Margherita Spa, Caesarstone Ltd., Stone Italiana S.P.A, LX Hausys, A.St.A. WORLD-WIDE, Q.R.B.G.s.r.l., Belenco, Cosentino S.A., H & R Johnson.

IMPACT OF COVID-19 ON THE GLOBAL CARBON NANOMATERIALS MARKET
• The rapid spread of COVID-19 has negatively affected the engineered stone market expansion.
• The COVID-19 pandemic has caused damage on global supply networks, delaying construction projects in major economies globally.
• The majority of construction and renovation activities stopped between mid-2020 and 2021 as a result of COVID-19's negative effects on the engineered stone market.
• The situation is expected to improve owing to relaxation of pandemic restrictions and global trade limitations, hence restoring the industry's future growth.

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Key Benefits For Stakeholders
• This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the engineered stone market analysis from 2021 to 2031 to identify the prevailing engineered stone market opportunities.
• The market research is offered along with information related to key drivers, restraints, and opportunities.
• Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
• In-depth analysis of the engineered stone market segmentation assists to determine the prevailing market opportunities.
• Major countries in each region are mapped according to their revenue contribution to the global market.
• Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
• The report includes the analysis of the regional as well as global engineered stone market trends, key players, market segments, application areas, and market growth strategies.

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