The market is driven by a plethora of aesthetic qualities of engineered quartz in APAC region coupled with rapid surge in demand across the residential sector.
Date: 4 January 2017
According to recently published Azoth Analytics report “GlobalEngineered Quartz (E-Quartz) Countertops Market – Insights and Analysis:Sizing, Growth and Forecasts (2016-2021) – (By Volume; By Value; By Sector -Residential, Commercial; By Region - North America, Europe, APAC, ROW; ByCountry - US, China, Canada, Australia; Key Players – Strategy, FinancialPerformance)
” Global Engineered Quartz Countertops Market grew at a CAGR of approximately 15.54% during 2011-2015, on the heels of wide applicability of engineered quartz across applications such as kitchen countertops, bathroom countertops, bar counters, etc coupled with a plethora of aesthetic qualities such as heat and scratches resistance, low maintenance requirement and high availability in the color and design.
Region wise, North America leads the market in the value terms with a staggering share of around 40.37% share in the year 2015. Robust preference of premium engineered quart materials coupled with escalating focus of the leading companies on the region is backing the leadership of the region. However, growth wise APAC has been the fastest growing region with the growth being boosted by the augmenting remodelling of houses along with an increasing preference for multiple kitchen and bathrooms and surging per capita income.
Driven by a gamut of various drivers, Engineered Quartz Countertops market is expected to exhibit higher CAGR in the forecast period. “Rising demand across various residential sectors, burgeoning construction activities in the developing regions, increasing construction of residential housing units coupled with rapid demand from the remodelling activities is anticipated to propel the growth of engineered quartz countertops market in the forecast period”.
The report titled “GlobalEngineered Quartz (E-Quartz) Countertops Market – Insights and Analysis:Sizing, Growth and Forecasts (2016-2021) – (By Volume; By Value; By Sector -Residential, Commercial; By Region - North America, Europe, APAC, ROW; ByCountry - US, China, Canada, Australia; Key Players – Strategy, FinancialPerformance)
” has analysed the potential of Engineered Quartz Countertops market worldwide and provides statistics and information on market size, shares and trends. The report intends to provide cutting-edge market intelligence and help decision makers take sound investment evaluation. Besides, the report also identifies and analyses the emerging trends along with major drivers, challenges and opportunities in the Global Engineered Quartz Countertops market.