June 19, 2023
According to the Freedonia Group study, Global Countertops, demand for engineered stone is expected to grow at a strong pace through 2027; it will surpass both laminate and granite to become the second most popular countertop product in the world.
Global demand for engineered stone countertops is projected to advance 9.3% per year to 128 million square meters in 2027. Engineered stone has rapidly increased its share of the global countertop market over the past decade – rising from 7% of sales in 2012 to 14% in 2022 – and has become the most popular countertop material in the large US market due to its aesthetics, durability and ease of maintenance when compared to natural stone. Strong sales increases and increasing market share will continue due to:
In 2022, North America accounted for the largest share, or 35%, of global engineered stone countertop demand. The Asia/Pacific region was the second largest regional outlet for engineered stone countertops, accounting for 26% of global sales.
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- a growing array of colors in line with current design trends from both domestic and foreign suppliers
- the increased availability of non-Breton equipment, largely made in China, which has allowed producers to significantly boost capacity (Earlier in the historical period, the market was previously limited by Breton’s dominance in engineered quartz fabrication equipment and its strict quality control standards.)
- an abundant supply of low-cost quartz slabs from the Africa/Mideast region and other locations in the Asia/Pacific region, such as India
- broader distribution networks for engineered stone