Quartz Slab Market Size, Share & Industry Analysis, By Type ( Worktops, Window Sills, Floor and Step, Wall, Other ), and regional Forecast, 2024-2032
KEY INDUSTRY INSIGHTS
Quartz countertops are the specialty stone countertops created by combining 90% ground quartz with certain percentage of resins, pigments, and polymers. It appears as a rough granite-like rock. The countertops are strong and durable. Quartz is non-porous, so it can resist discolouration much better than other materials such as granite, concrete, or marble. It withstands to the stain marks in the kitchen. For personal hygiene, a non-porous layer offers excellent advantages against bacteria or viruses.
Quartz Slab is more widely used in the construction industry owing to its favorable resistance to harmful chemicals and its longevity, thereby boosting the growth of the market. Rising quartz slab application as a counter top and work top is boosting market growth. A countertop or worktop, are used as a work surface in kitchens, bathrooms or workrooms. Various advantages such as durability, excellent resisitance, and aesthetic appeal are shifting consumer preferences towards quartz slab to be used as a counter tops and work tops. However, high purchasing costs of natural quartz stone and requirement of skilled workers affects the profit margins. Thus, such factors has impacted the growth of the market.
Market Segmentation:
Based on type, the market for quartz slab is further segmented into worktops, window sills, floor and step, wall, and others. Based on application, the market for quartz slab is further segmented into residential, commercial and others. From a geographical standpoint, the market is categorized into North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa.
Key Market Driver -
Increasing demand for durable worktops and countertops is driving the market growth.
Key Market Restraint -
High costs of raw materials is a key challenge for market growth.
Key Players Covered:
Key players in the quartz slab market includes Dupont, Fletcher Building, Lotte Corporation, LG, Hanwha Group, Caesarstone Ltd, Grupo Cosentino, Compac, Cimstone, Guangzhou Gelandi and others.
Key Insights
- New Advancements in Production Technologies
- Key Trends in the quartz slab market
- New Product Launches, Expansions, Key Players
- Ranking of Key Players in the Market
Regional Analysis:
In 2019, Asia Pacific contributed largest share in the global market. Due to increasing infrastructural development activities, with higher consumer spending on aesthetically improved architectures, Asia-Pacific is expected to indicate the fastest growth in the near future. North America is projected to show significant growth in the market due to the adoption of various engineered materials along with architectural advanced technologies in the region. Europe has a large market share after Asia Pacific and North America. Rising application in construction industry and increased commercialization has led to the growth of the market in the region. The investment from key manufacturers and favorable growth of the construction industry have expanded the market for quartz slab in Latin America, Middle East and Africa.
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Segmentation
ATTRIBUTES | DETAILS |
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By Application |
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By Geography |
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Cladding coatings Industry Developments
- November 2019, HAIQU a luxury quartz surfaces brand, unveiled the world’s largest seamless quartz slab in India. The company added production capacity of 4 million per year to expand its market in India. Also, the company aimed to introduce new distribution centres across different cities in 2020.
- May 2019, Caesarstone Ltd., a leading company which engages in the production and marketing of quartz surfaces, introduced a new product to their product line of Metropolitan Range in Manhattan. This new product was Primordia, which was creatively designed for industrial outlook and architecture.
- Ongoing
- 2023
- 2019-2022
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