Lewes, DE -- (SBWIRE) -- 12/24/2018 -- Global Quartz Stone market will register a 12.4% CAGR in terms of revenue, reach US$ 14800 million by 2023, from US$ 7360 million in 2017.

Quartz stone is made from either a natural slab that has been polished or engineered quartz composite. Quartz is one of the hardest natural materials on earth and has an appearance similar to granite. It is comprised of silicon dioxide. Pure, natural quartz slabs are very expensive and are therefore quite uncommon as countertops.

The engineered type is made of 93 to 97 percent ground quartz combined with resins, binders and pigments. This combination is poured into molds and allowed to harden, then finished into the shape and style desired. This type of counter is much more affordable and common than the natural slab. The Quartz stone is used for kitchen and bathroom counters, no matter in personal home or commercial establishments or other industries.

Quality Quartz Stone is used for a range of applications such as kitchen countertops, bathroom vanities and counters, and custom solutions for home and commercial interiors. Recently Quartz Stone has acquired increasing significance in various fields of residential Quartz Stone and commercial Quartz Stone. Globally, the Quartz Stone market is mainly driven by growing demand for residential Quartz Stone which accounts for nearly 60.90% of total downstream consumption of Quartz Stone in global.

To increase the profitability and competitiveness, Quartz Stone manufacturers increased investment in the R&D and product design process. According to our forecast, the demand for Quartz Stone will slowly grow due to the increasing need for the rise of architectural decoration. This also means the new tech application may extensively change the traditional industry standard and bring more opportunities for tech-oriented companies. While some manufacturers produce particular Quartz Stone to fit the consumers' demands.

The classifications of quartz stone are Quartz Stone surface, quartz stone tile, etc. It can be widely used in many industries. Survey results showed that 64.35% of the Quartz market is quartz surface in 2017.
Over the next five years, study projects that Quartz Stone will register a 12.4% CAGR in terms of revenue, reach US$ 14800 million by 2023, from US$ 7360 million in 2017.

This report presents a comprehensive overview, market shares, and growth opportunities of Quartz Stone market by product type, application, key manufacturers and key regions.

To calculate the market size, study considers value and volume generated from the sales of the following segments:
Segmentation by product type:
Quartz Surface
Quartz Tile
Others

Segmentation by application:
Residential
Commercial

This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Spain
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries

The report also presents the market competition landscape and a corresponding detailed analysis of the major vendor/manufacturers in the market. The key manufacturers covered in this report:
COSENTINO
Caesarstone
Hanwha L&C
Compac
Vicostone
Dupont
LG Hausys
Cambria
Santa Margherita
Quartz Master
SEIEFFE
Quarella
Samsung Radianz
Technistone
Zhongxun
Sinostone
Bitto(Dongguan)
OVERLAND
UVIISTONE
Polystone
Ordan
Meyate
Gelandi
Blue Sea Quartz
Baoliya
Qianyun

In addition, this report discusses the key drivers influencing market growth, opportunities, the challenges and the risks faced by key manufacturers and the market as a whole. It also analyzes key emerging trends and their impact on present and future development.

Research objectives
To study and analyze the global Quartz Stone consumption (value & volume) by key regions/countries, product type and application, history data from 2013 to 2017, and forecast to 2023.
To understand the structure of Quartz Stone market by identifying its various subsegments.
Focuses on the key global Quartz Stone manufacturers, to define, describe and analyze the sales volume, value, market share, market competition landscape, SWOT analysis and development plans in next few years.
To analyze the Quartz Stone with respect to individual growth trends, future prospects, and their contribution to the total market.
To share detailed information about the key factors influencing the growth of the market (growth potential, opportunities, drivers, industry-specific challenges and risks).
To project the consumption of Quartz Stone submarkets, with respect to key regions (along with their respective key countries).
To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market.
To strategically profile the key players and comprehensively analyze their growth strategies.

Spanning over 183 pages "Forecast of Global Quartz Stone Consumption Market 2023" report covers Scope of the Report, Executive Summary, Global Quartz Stone by Players, Quartz Stone by Regions, Market Drivers, Challenges and Trends, Marketing, Distributors and Customer, Global Quartz Stone Market Forecast, Key Players Analysis, Research Findings and Conclusion.

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