Quartz Stone Market Size, Share, Growth, Global Industry Analysis by Type (Quartz Surface, Quartz Tile, and Others), By Application (Residential and Commercial) and Covid-19 Impact, Latest Trends, Segmentation, Driving Factors, Restraining Factors, Key Industry Players, Regional Insights, and Forecast From 2023 To 2031

Updated On: 13 November 2023

QUARTZ STONE MARKET REPORT OVERVIEW

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The global quartz stone market size was USD 11980 million in 2021 and is projected to touch USD 34324.41 million by 2031, exhibiting a CAGR of 11.1% during the forecast period.

Quartz stone is a crystallized, hard mineral made from silica. It is either made from a natural polished slab or engineered quartz composite which resembles granite in terms of appearance. It is one of the hardest natural materials existing on the earth. They are hard, non-porous, stain-resistant, and more durable than granite. Natural quartz is known to be very expensive and engineered quartz has 93-97% ground quartz that is combined with binders, resins, and pigments. There are many different varieties of quartz that have been classified as gemstones.    

Quartz stones have a range of applications such as in kitchen countertops, customized solutions for home and commercial interiors, and bathroom vanities and counters. It is used both commercially and residentially. The rising urbanization has led to growth in demand for residential applications, demand for solar photovoltaic cells, and demand from the semiconductor and electronics industry of quartz has given rise to the quartz stone market. It has varied applications in electronics, semiconductors, buildings, solar, optics, construction, telecommunication, and metallurgy industries.

COVID-19 Impact: Stopping of Operations to Impede Market Growth

The global COVID-19 pandemic has been unprecedented and staggering, with quartz stones experiencing higher-than-anticipated demand across all regions compared to pre-pandemic levels. The sudden spike in CAGR is attributable to the quartz stone market growth and demand returning to pre-pandemic levels once the pandemic is over.

The effects of COVID-19 pandemic are already being felt on a global level, the global quartz stone market is considerably influenced due to disruptions. In 2020, COVID-19 had a negative impact on many markets. Several countries went into lockdown. With the sudden pandemic, all kinds of businesses witnessed disruptions. With many restrictions in the pandemic, the market was also negatively impacted. The demand for quartz stone derives from various industries such as construction, electronics, automotive, semiconductor, and many more. Shortages in the semiconductor industry saw the automotive industry also halt its production of electric vehicles. The pandemic paused the supply chains and operations in all the industries which affected the demand in the market that led to labor shortages, supply chain problems, and production issues. These factors affected the demand and supply of quartz stones. 

LATEST TRENDS

"Applications in Semiconductor Industry to Propel Market Demand"

Growing trend of the rising applications of quartz stone in the semiconductor industry can boost the growth for the global quartz stone market. The use of high purity quartz products has been the preferred choice due to the enhancement of the products and is on the rise in the semiconductor industry owing to their superior quality and purity. It is used to produce quartz glasses such as rods, windows, and tubes and crucibles. High purity quartz is also used in the production of silicon metal which is the base for semiconductor wafers produced by using the czochralski process and it can withstand high temperatures of water processing. The rising use of quartz in making new generation semiconductor wafers is a growing trend in the electronics industry. This is expected to boost the use of high purity quartz in the semiconductor industry.    

QUARTZ STONE MARKET SEGMENTATION

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• By Type

According to type; the market is divided into quartz surface, quartz tile, and others.

Quartz surface and quartz tile hold the majority of the type segment due to their popular use in creating building surfaces and bathroom floors. It is used in the place of granite due to its cost-effectiveness and durability. 

• By Application

Based on the application; the market is divided into residential and commercial

Residential is the leading part of the application segment due to increasing usage in construction of residential areas.

DRIVING FACTORS

"Preference of Quartz in Construction Industry to Motivate Demand"

The global quartz stone market growth is projected to rise due to preference in the construction industry. In the construction and building sector, quartz is the most often used material for building surfaces. It is used in the place of granite in making bathroom floors and kitchen countertops due to its cost-effectiveness and properties. Due to increasing urbanization, there has been an increase in residential areas and standard of living where consumers have increased spending capacities. Which provides an opportunity for customers to ask for customized interior solutions with architectural decoration. Engineered quartz is preferred as quartz can be used to create imaginative countertops in different designs and colors. 

"Applications in Various Industries to Increase Demand"

Apart from the construction industry, quartz stone finds its range of applications in industries such as electronics, solar, jewelry, medical, optics, semiconductor, and telecommunications. As it is available in different shapes, sizes, colors, and transparencies which increases its applications and value. Differently colored quartz are used to make precious gemstones as they are used in making jewelry and stone carving. Quartz is also used in making fiberglass used in stone-cutting and sandblasting. Small chips of quartz are used to make watches, clocks, televisions, computers, and stereos as it has the ability to produce electricity voltage and can control the electric impulses.

RESTRAINING FACTORS

"High Cost of Quartz Stone to Hamper Market Growth"

There are number of factors that can push the growth of the global quartz stone market. Restraining factor such as high cost of the product can hamper the market growth. Pure and high quality quartz is of very price which makes the reach of the product limited. The high quality of the stone enables manufacturers to charge high prices for it and also due to high trade tariffs imposed by the government can reduce the demand in the global quartz stone market.

QUARTZ STONE MARKET REGIONAL INSIGHTS

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"Asia Pacific to Dominate Market Owing to Presence of Prominent Players"

Asia Pacific holds the largest part of the global quartz stone market share with the major consumption from China. The rise is due to the presence of numerous quartz manufacturers which has propelled the growth. Additionally, increased adoption of innovative and advanced technologies by the manufacturers to increase operational efficiency. These factors are coupled with increasing government investments in semiconductors, electronics, construction, automotive, and other industries. There has also been research and development in quartz production which is expected to boost the market.

KEY INDUSTRY PLAYERS

"Key Players to Boost Demand Leading to Market Growth"

The report delivers information about the list of market players and their working in the industry. The information is collected and reported with proper research, technological developments, acquisitions, mergers, expanding production lines, and partnerships. Other aspects examined for the global quartz stone market include companies producing and introducing new products, regions they conduct their operations in, automation, technology adoption, generating the most revenue, and making a difference with their products.

List of Market Players Profiled

• COSENTINO (Spain)
• Caesarstone (Israel)
• Hanwha L&C (South Korea)
• Compac (U.S.)
• Vicostone (Vietnam)
• Wilsonart (U.S.)
• DowDuPont (U.S.)
• LG Hausys (South Korea)
• Cambria (U.S.)
• Santa Margherita (Italy)
• Quartz Master (U.S.)
• SEIEFFE (Italy)
• Quarella (Italy)
• Samsung Radianz
• Technistone (Czech Republic)
• Zhongxun (China)
• Sinostone (China)
• Bitto (Dongguan) (China)
• OVERLAND (U.S.)
• UVIISTONE (China)
• Polystone (U.S.)
• Jordan Marble & Granite (Jordan)
• Meyate (Spain)
• Blue Sea Quartz (China)
• Baoliya (China)
• Qianyun (China)
• Falat Sang Asia Co. (Iran)
• Belenco Quartz Surfaces (Turkey)
• Prestige Group (India)

 INDUSTRY DEVELOPMENT

• June 2021: Silestone, a Spain-based company has launched Sunlit Days its first CO₂ neutral collection, Sunlit Days in the quartz surfaces and engineered stone industry. The colors of the new collection are inspired by Mediterranean nature and the sea. The new collection shows the brand’s commitment to sustainability and environmental management of Grupo Cosentino Group. 

REPORT COVERAGE

This research profiles a report with widespread studies that take into an explanation of the firms that exist in the market affecting the forecasting period. With detailed studies done, it also offers a comprehensive analysis by examining the factors like segmentation, opportunities, industrial developments, trends, growth, size, share, restraints, etc. This analysis is subject to alteration if the key players and probable analysis of market dynamics changes.