The global engineered quartz surface market size was USD 17.10 billion in 2019. The regional impact of COVID-19 has been unprecedented and staggering, with engineered quartz countertops witnessing a positive demand across the region amid the pandemic. Based on our analysis, the market exhibited a modest growth of 8.1 % in 2020. The market is projected to grow from USD 18.50 billion in 2020 to USD 33.50 billion in 2027 at a CAGR of 8.9% in the 2020-2027 period. The sudden fall in CAGR is attributable to this market’s demand and growth returning to pre-pandemic levels once the pandemic is over.
Engineered quartz is a highly-preferred engineered stone for constructing a wide range of cabinetry solutions, as it is capable of levering more pressure. Compared to other materials, engineered quartz surfaces have higher durability and weight-bearing capacity, thus ensuring their reliability among customers and manufacturers. The application of aesthetic construction materials is increasing across the construction and fabrication industry throughout the world. Delivering beautiful aesthetic quartz surfaces is becoming a key factor for manufacturers across Asia Pacific, the Middle East, and European countries, owing to cultural ethics and norms, thereby expanding the regional customer base.
Key manufacturers are pioneering technological developments in order to gain a competitive advantage for sustained success. Artificial intelligence (All. and machine learning (ML) technologies have revolutionized the quartz manufacturing sector, enabling the use of automated sorting methods. Al and ML identify the characteristics and defects in tiles using a laser sensor and IP camera, thus improving the sorting method for the quartz countertop materials.