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Quartz Kitchen Countertops Market Size, Share & Industry Analysis, By Type (Press Molding, Casting Molding), By Application (Residential, Commercial) and Regional Forecast, 2023-2030

Region : Global | Report ID: FBI103009 | Status : Ongoing

 

KEY INDUSTRY INSIGHTS

A workstation is the basic utility in kitchens, laboratories, workshops, bathrooms, and other working places. Work platforms are made using several materials and in various designs and aesthetics considering the work area and application of the workstation. Countertops are multipurpose working platforms which provide essential tools and utilities. Quartz is a hard-engineered stone made up of crystalline silicon and oxygen atoms. It is used to make kitchen cabinets and countertops attributed to its durability and strength.


The increasing demand for the quartz kitchen countertops for kitchen and other residential as well as commercial infrastructure is likely to drive the market. The customizability, durability, eco-friendly nature of the engineered stone is increasing the demand for the quartz kitchen countertops. Additionally, the increasing adoption of the newer trends and advanced technologies and materials to maintain the standard of living shall foster the market growth.


Key Market Driver -

Increasing demand from residential and commercial sectors.

Key Market Restraint -

Carcinogenic nature of Quartz.


There is threat of respiratory infections as quartz is composed of silica. Crystalline silica is considered as a human carcinogen. Also, the National Institute for Occupational Safety and Health (NIOSH) has set some standards and rules for the use of silica which is expected to hamper the market growth.


Market Segmentation:


Based on type, the market is segmented into press molding and casting molding. Based on application, the market is segmented into residential and  commercial.


From a geographical standpoint, the market is categorized into North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa.


Key Players Covered:


The global quartz kitchen countertops market is competetive and moderately fragmented, with a number of global & regional players operating. Some of the key players in the market includes Dupont, Quartz Master, Lotte Advanced Materials, LG Hausys, Cosentino Group, Samsung Radianz, CR Lawrence, QuantumQuartz, H&R Johnson, and Others.


Key Insights



  • New Advancements in Production Technologies

  • Key Trends in the Quartz Kitchen Countertops Market

  • New Product Launches, Expansions, Key Players

  • Ranking of Key Players in the Market


Regional Analysis:


The market has been segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa.                 Asia Pacific accounts for the largest share in market attributed to the increasing commercial and resedential construction projects. Additionally, urbanization and commercialization in the developing countries like China and India is exoected to drive the regional market. North America is expected to show significant growth due to the adoption of advanced technologies and engineered materials. Europe is expected to show considerable growth due to the commercialization and rise in disposable income in Germany, Spain, Italy, and UK. Latin America & Middle East & Africa is expected to show sluggish growth by the end of forecast period, due to the lack of exposure about the engineered materials like quartz.


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Segmentation






















 ATTRIBUTE


 DETAILS

By Type




  • Press Molding

  • Casting Molding



By Application




  • Residential

  • Commercial



By Geography




  • North America (U.S., and Canada)

  • Europe (UK, Germany, France, Italy, and Rest of Europe)

  • Asia Pacific (Japan, China, India, South Korea, and Rest of Asia Pacific)

  • Latin America (Mexico, and Rest of Latin America)

  • Middle East & Africa (Saudi Arabia, South Africa, and Rest of Middle East & Africa)



Quartz Kitchen Countertops Industry Developments



  • In January 2019, Lotte Advanced Materials increased its production capacity for Radianz Quartz countertops with the acquisition of Belenco, a Turkish manufacturer of engineered stones. This acquisition widened the product manufacturing and supply of Lotte’s Quartz surfaces.

  • In February 2017, H&R Johnson launched a new, anti-microbial, germ-free, and prefabricated quartz kitchen countertop. Johnson Topshield is a certified food grade quartz kitchen countertop with anti-microbial, hassle free installation and economical option for countertops.


  • Ongoing
  • 2021
  • 2018-2020

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