Engineered Quartz (E-Quartz) Countertop Market

Engineered Quartz (E-Quartz) Countertop Market Synopsis

Engineered Quartz (E-Quartz) Countertop Market Size Was Valued at USD 139.60 Billion in 2023, and is Projected to Reach USD 219.87 Billion by 2032, Growing at a CAGR of 6.6% From 2024-2032.

Market for the engineered quartz (E-quartz) countertop has expanded critically due to its appreciable attributes, including durability, easy to maintain, and aesthetically appealing for home and business use. Engineered quartz is a combination of natural quartz crystals and resins, which are non-porous, scratch resistant and stain resistant. For this reason, it is popularly used in homes in kitchen and bathroom countertops, floorings and wall panels and most decorative items. The market is also expanding due to the growing preference of modern and luxurious interiors for which engineered quartz countertops are appreciated for the availability of colours and designs, and their surface options.

The increasing construction activities and the property market, especially in Asia Pacific and Middle East region plays a significant role in enhancing the demand of the engineered quartz countertop. These areas are experiencing city growth, higher per capita earnings, and a move to higher end building products. Also, people are moving towards eco-friendly and low maintenance products in home, building and commercial applications, making engineered quartz popular because it lasts longer than granite or marble but does not require resealing or polishing frequently.

However, despite its ongoing growth in popularity, there are some concerns including; high initial cost compared to other types of engineered quartz countertop and competition from materials such as granite and solid surfaces. The market is also challenged by the need to reinvent itself, including design, because consumers and manufacturers are increasingly concerned with sustainability. However, there are still a lot of opportunities in terms of the growth in the market since due to expertise and technological advancements in manufacturing the variety of designs and approaches to which engineered quartz can be used forcreating sustainable production practically has no limit which will keep on demanding the global demand for engineered quartz countertops.

Engineered Quartz (E-Quartz) Countertop Market Outlook, 2023 and 2032: Future Outlook

Engineered Quartz (E-Quartz) Countertop Market Trend Analysis

Trend: Rising popularity of engineered quartz countertops in residential and commercial spaces.

The market trend in the engineered quartz (E-Quartz) countertops industry continues to be impressive with many houses and business organizations demanding these countertops. Famous for their hardness, easy to clean and able to mimic other materials, engineered quartz countertops are being sought over and over again by people, home owners, designers, and business establishments for different uses. The great variety of colours, textures and finishes make these countertops a sleek and fashionable addition to kitchens, bathrooms and offices. Farther, increasing customer awareness of the need for eco-friendly and durability propels this movement by making engineered quartz as the optimal solution for commercial and opulent zones.

Drivers: Increased demand for durable, low-maintenance, and aesthetically versatile countertops.

The engineered quartz (E-quartz) countertop market is experiencing significant growth due to the increased demand for durable, low-maintenance, and aesthetically versatile countertops. Engineered quartz offers superior resistance to scratches, stains, and heat compared to natural stone, making it an ideal choice for both residential and commercial applications. Its wide range of colors, patterns, and textures allows it to meet diverse design preferences, further driving its popularity. As consumers seek long-lasting, easy-to-clean surfaces that enhance the overall aesthetic of kitchens and bathrooms, the demand for engineered quartz countertops continues to rise, fueling market expansion globally.

Restraints: High production costs and price sensitivity in certain market segments.

The market for engineered quartz (E-Quartz) countertop is characterized with certain barriers; specifically high production cost and price sensitivity in some market segments. The quality of engineered quartz is determined by exclusive materials, elaborate processing techniques, and power-consuming methods, which results in relatively high affordability throughout the production process. Hence, the sensitive price conscience customer and especially the developing countries or low end budget oriented may shift to cheaper materials. The price sensitivity of the market can confine the market and is likely to hinder its growth in certain areas, even when the material is more durable and appealing than traditional materials.

Opportunities: Growing uses in emerging markets, including rehabilitation and remodeling.

Opportunities lie in the engineered quartz (E-Quartz) countertop scope with the increasing applications in new markets using the product for rehab and remodel markets. These areas are becoming urbanized with growing disposable income and have a soak for premium upgrades, sustaining, attractive and low maintenance material like engineered quartz in the renovation mainly in the residential as well as the commercial segment. Thanks to all these unique properties of E-Quartz such as stain- and scratch-proof, heat- and steam-resistant flooring would be perfect for heavy-traveled zones of particular apartments like the kitchens and bathrooms. Moreover, current consumer interest in home improvement and interior design works also contribute to the market’s growth hence presenting considerable opportunities for market expansion in these emerging segments.

Engineered Quartz (E-Quartz) Countertop Market Segment Analysis

Engineered Quartz (E-Quartz) Countertop Market Segmented on the basis of By Type, and By Application.

By Type

o   Phaneromer Quartz

o   Cryptocrystalline Quartz

By Application

o   Apartment

o   Office Building

By Region

o   North America (U.S., Canada, Mexico)

o   Eastern Europe (Bulgaria, The Czech Republic, Hungary, Poland, Romania, Rest of Eastern Europe)

o   Western Europe (Germany, UK, France, Netherlands, Italy, Russia, Spain, Rest of Western Europe)

o   Asia Pacific (China, India, Japan, South Korea, Malaysia, Thailand, Vietnam, The Philippines, Australia, New-Zealand, Rest of APAC)

o   Middle East & Africa (Turkey, Bahrain, Kuwait, Saudi Arabia, Qatar, UAE, Israel, South Africa)

o   South America (Brazil, Argentina, Rest of SA)

By Type, Phaneromer Quartz segment is expected to dominate the market during the forecast period

On the basis of the type of E-Quartz used, the countertop is further categorized into phaneromer quartz and cryptocrystalline quartz both of which provide different properties according to the intended use. Phaneromer quartz, the quartz that has a crystalline structure is preferred for it gives a natural look, is hard and can resist high impact and is therefore preferred when it comes to the designing of countertops. While the development of cryptocrystalline quartz is not as striking and varied as that of chalcedony, the smaller, more precise crystalline structure provides a smoother, more regular surface that will appeal to more varying tastes and is less flawed for more general commercial application. They are flexible for application in residential and commercial buildings because they do not scratch, stain or heat and this has led to increased popularity of engineered quartz countertops.

By Application, Apartment segment expected to held the largest share

In the E-Quartz countertop industry, there are two major categories by application Like the apartment segment and the office building segment, and these two segments demonstrate contrasting demands. E-Quartz is primarily preferred as the countertop material in apartments due to strength, readability, and the actual appearance is suitable for use in kitchens and bathrooms of contemporary or classical construction. In the commercial construction such as, offices, the application of the engineered quartz is becoming popular due to its expensive look, durability coupled with easy maintenance and wash ability needed in areas like conference hall, receptionist and break areas. Flourishing versatility and performance of E-Quartz in these applications are the primary reasons increasing its demand in both residential and commercial segments.

Engineered Quartz (E-Quartz) Countertop Market Regional Insights

North America is Expected to Dominate the Market Over the Forecast period

Currently, North America may hold the largest share in the engineered quartz (E-Quartz) countertop market throughout the forecast period due to increased demand in the residential as well as commercial segment. Engineered quartz countertops have risen to the occasion to meet the needs of the region where homeowners are looking for attractive, easy to clean, and relatively maintenance free surfaces in kitchens and bathrooms. Moreover, an increasing construction and renovation boom, as well as the constantly developing demand for high-end home furniture in North America also contribute to the growth of the market. The rise in consumer concern about future consequences of future investment in E-Quartz, characterized by refractory, abrasive, and thermal properties strengthens North America’s leadership in the global market.

Engineered Quartz (E-Quartz) Countertop Market Share, by Geography, 2023 (%)

Active Key Players in the Engineered Quartz (E-Quartz) Countertop Market

o   Caesarstone Sdot Yam (Israel)

o   Cosentino (Spain)

o   Cambria (USA)

o   Hanwha (South Korea)

o   Pokarna (India)

o   Others

Global Engineered Quartz (E-Quartz) Countertop Market Scope