Engineered Stone Market Share To Reach Scalable Heights Of Growth
Engineered Stone Industry The global engineered stone market reached a valuation of USD 23.42 billion in the year 2022 and is projected to witness a steady expansion at a compound annual growth rate (CAGR) of 5.8% during the forecast period from 2023 to 2030. This anticipated growth is primarily attributed to the surge in construction activities observed worldwide, encompassing various sectors such as residential, commercial, and infrastructure development projects. Additionally, the rising preference for quartz-based engineered stone is expected to significantly contribute to the upward trajectory of the market. A further boost to market growth is likely to come from the increasing demand for alternatives to natural stone that are both visually appealing and long-lasting, alongside the expanding use of environmentally sustainable construction materials. In the year 2022, the blocks and slabs category emerged as the leading product segment within the engineered stone market. This...