U.S.
Engineered Quartz Surface Market: Introduction
The
engineered quartz surface market in the U.S. was valued at US$
6.4 Bn in 2019 and is anticipated to expand at a CAGR
of ~4% during the forecast period. The engineered
quartz surface market in the U.S. is driven by the
increase in demand for building & construction activities in the country.
The rise in demand for countertops in new construction as well as existing
construction is boosting the engineered quartz surface market in the U.S.
The
construction industry in the U.S. has been expanding significantly, primarily
due to the rise in private construction in the country. Public construction
also holds large share of the construction market in the U.S. The addition of
new buildings and structures, expansions, reconstruction, and renovations in
the U.S. are boosting the demand for engineered quartz surfaces throughout the
country.
The Value
of Construction Put in Place Survey (VIP) provides monthly estimates of the
total dollar value of construction work carried out in the U.S. The survey
covers construction work undertaken each month on new structures or
improvements to existing structures for private and public sectors. Data
estimates include the cost of labor and materials, cost of architectural and
engineering work, overhead costs, interest and taxes paid during construction,
and contractors’ profits.
The
construction spending in the U.S. stood at US$1,355.2 Bn in
June 2020, 0.7% below the revised estimate of US$
1,364.7 Bn in May 2020. The June 2020 figure was 0.1% above
the June 2019 estimate of US$ 1,354.1 Bn. During
the first six months of 2020, construction spending stood at US$
667.9 Bn, 5.0% (±1.2%) above the US$
636.0 Bn during the same period in 2019. Thus, rise in
construction spending in the U.S. is expected to boost the demand for
engineered quartz surface in the near future.
Request Sample
https://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=78830
High Demand for Countertops to
Offer Lucrative Opportunities to U.S. Engineered Quartz Surface Market
Engineered
quartz surface is used in various applications. However, countertops is the
dominant application segment. Engineered quartz surface countertops have become
quite popular lately due to their durability and stain resistance. Quartz
countertops are available in different colors and designs. Quartz countertops
are cheaper alternatives to natural stones such as marble countertops and
granite countertops. Not only are quartz countertops scratch- and
stain-resistant, non-absorbent and highly hygienic, but they are also extremely
versatile and appropriate for all kinds of indoor and outdoor applications.
Common areas of usage of quartz countertops are budget apartment buildings,
budget hotels, and senior housing.
Quartz
countertops can be used primarily for kitchen countertops, bathroom
countertops, and outdoor applications, as they are durable and nonabsorbent.
They resist staining and do not harbor harmful bacteria. Thus, growth in the
building & construction activities is estimated to boost the demand for
quartz countertops. This, in turn, is projected to propel the engineered quartz
surface market.
More Trending Reports
Competition from Other Solid
Surfaces to Hamper U.S. Engineered Quartz Surface Market
Solid
surface was first introduced by DuPont in 1967 under the name of Corian. Since
the expiry of their patent, other manufacturers have introduced their brands.
Solid surface is priced to compete with natural stone or quartz surfacing. It
is available in many colors and patterns. The material can be formed to shape,
which makes it appealing to commercial and industrial designers. Another major
appeal of solid surface is its impermeability. Engineered composites have a
gelcoat surface finish, which makes them impervious to bacteria, staining, and
most of the issues inherent in natural stone. Solid surface sinks can be joined
to the countertop surface with no gaps. This eliminates areas for water to
collect.
Request Covid19 analysis on this
market
https://www.transparencymarketresearch.com/sample/sample.php?flag=covid19&rep_id=78830
Solid
surface countertops are available in many colors and visual textures, ranging
from solid colors to sparkling, marbleized, or granite effect. Solid surface
countertops have competition from natural stone and engineered stone/quartz
surfacing. However, the material is popular in residential new construction.
Commercial and industrial settings are emerging markets for solid surface.
Non-porous characteristics of solid surface combined with durability,
renew-ability, and formability make it the material of choice for many
designers and architects. The ability to custom-color the material for large
projects is also appealing. Hospitals, in particular, employ large amounts of
solid surface for sinks, showers, nursing stations, and wall cladding, as its
seamless properties eliminate gaps and crevices that harbor harmful bacteria.
The demand
for solid surface nonporous material in countertops has been rising due to its
favorable esthetic qualities, durability, and easy maintenance (in comparison
to its natural stone counterpart). Broader distribution networks of solid
surface countertops has led to an increase in awareness about these countertops
among consumers. This is anticipated to hamper the engineered quartz surface
market in the U.S. in the near future
Buy Now
https://www.transparencymarketresearch.com/checkout.php?rep_id=78830<ype=S
California Dominates U.S.
Engineered Quartz Surface Market
California
is the leading state of the engineered quartz surface market in the U.S. It is
an engineered quartz surface manufacturing hub. Prevalence of large number of
construction workers, large numbers of installers and fabricators, and high
demand for engineered quartz surface for countertop applications are boosting
the engineered quartz surface market in California.
Fragmented Nature of U.S.
Engineered Quartz Surface Market
The
engineered quartz surface market in the U.S. is fragmented. Currently, the
engineered quartz surface market is expanding. Key players operating in the
engineered quartz surface market in the U.S. are focusing on research and
development activities. Companies operating in the engineered quartz surface
market in the U.S. are investing in expansion of product portfolios as well as
distribution networks. They have adopted strategies such as mergers &
acquisitions, development of new products, joint ventures, and expansions to
meet the increasing demand for engineered quartz surface in the country.
The
engineered quartz surface market in the U.S. is led by four key players: Caesarstone,
LG Hausys, Cosentino Group, and Cambria. Together, these
companies account for more than 70% share of
the market. In terms of volume, Caesarstone holds 19%
to 22% share. On the other hand, Vicostone, which is
comparatively a smaller player in the market, accounts for around 1%
to 3% share.
About
Us
Transparency
Market Research is a Engineered Quartz Surface market intelligence company
providing Engineered Quartz Surface business information reports and services.
Our exclusive blend of quantitative forecasting and trends analysis provides
forward-looking insight for thousands of decision makers. Our experienced team
of analysts, researchers, and consultants use proprietary data sources and
various tools and techniques to gather and analyze information.
Our data
repository is continuously updated and revised by a team of research experts so
that it always reflects latest trends and information. With a broad research
and analysis capability, Transparency Market Research employs rigorous primary
and secondary research techniques in developing distinctive data sets and
research material for business reports.
Contact
Transparency Market Research,
90 Sate Street, Suite 700,
Albany, NY 12207
Tel: +1-518-618-1030
USA - Canada Toll Free: 866-552-3453
Email: sales@transparencymarketresearch.com
Website: https://www.transparencymarketresearch.com/
Comments
Post a Comment