Engineered Onyx Stone Market is expected to grow at a CAGR of 4.75% through 2029
Engineered Onyx Stone Market is expected to grow owing to Growing Demand for Aesthetically Pleasing Interior Design, expanding applications in kitchen countertops, and bathroom vanities throughout the forecast period.
According
to TechSci Research report, “Engineered
Onyx Stone Market - Global Industry Size, Share, Trends, Opportunity,
and Forecast 2019-2029F”, Global Engineered Onyx Stone Market was valued at USD 3.59 billion in 2023 and is anticipated to project robust growth in the forecast period with a CAGR of 4.75% through 2029. The Global Engineered Onyx Stone Market presents abundant opportunities driven by its growing popularity in architectural and interior design applications worldwide. As consumer preferences lean towards luxurious yet practical materials, engineered onyx stone stands out for its unique blend of aesthetic appeal and durability.
Opportunities lie in expanding applications across diverse sectors such as hospitality, healthcare, and residential construction, where the demand for exquisite yet resilient surfaces continues to rise. Technological advancements in manufacturing processes are enhancing the feasibility of producing engineered onyx stone with greater precision and efficiency. This opens doors to innovative design possibilities and customization options, catering to the evolving tastes of designers and architects. As sustainability becomes a focal point in the industry, opportunities also emerge for eco-friendly variants of engineered onyx stone, addressing environmental concerns while meeting the stringent performance requirements of modern construction projects.
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Engineered Onyx Stone Market."
Based
on colour, the
White segment dominated the market the Global Engineered Onyx Stone in 2023.
The demand for white engineered onyx stone has been steadily growing, driven by
the preferences of architects, interior designers, and homeowners for spaces
that exude a sense of purity and sophistication. Its versatility in design, as
well as its ability to complement a wide range of color palettes, makes it a
sought-after choice for various projects. Artists and sculptors often use white
onyx in their creations due to its versatility and potential for intricate
designs. Its light-colored background provides an excellent canvas for
sculptural work and carving. High-end retail stores and boutiques frequently
use white engineered onyx stone in their interior design to create an
atmosphere of elegance and exclusivity. The Middle East region, known for its
opulent interior designs and luxury real estate, also favors white onyx stone.
It is used in high-end hotels, palaces, and luxury residences. European interior
design often incorporates white onyx stone for its ability to create a sense of
purity and sophistication.
White engineered onyx stone is extensively used in residential and commercial interior design. It can be found in applications such as kitchen countertops, bathroom vanities, and backsplashes. The white background, often with translucent properties, creates a sense of luxury and airiness. White onyx stone is a preferred choice for architectural elements like feature walls, facades, and columns. Its pristine appearance adds a touch of opulence to building projects, creating a stunning first impression. The translucency of white engineered onyx stone, when combined with backlighting, creates captivating visual effects. This makes it a popular choice for backlit applications in both residential and commercial spaces, including bars, restaurants, and spa areas.It is used in a range of applications, from
residential kitchens to public spaces. The white segment of the
global engineered onyx stone market is a significant and growing part of the
industry. Its clean and elegant appearance, along with its versatility in
design and applications, has contributed to its widespread popularity in
various regions and across different industries. As the demand for luxurious
and sophisticated interior solutions continues to rise, the white segment is
expected to remain a prominent driver of market growth.
Key
market players in the Global Engineered Onyx Stone Market are:
- Cosentino
Global, S.L.U.
- Caesarstone Ltd.
- Cambria Company LLC
- Hanwha
Group
- LX Hausys, Ltd.
- Xiamen Optimum Stone Co., Ltd.
- Technistone, s. r. o.
- Diresco NV
- Custom Marble Inc
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“The
Global Engineered Onyx Stone Market in Asia Pacific is poised to be the
dominant region in the industry. The Asia-Pacific region is witnessing rapid
urbanization, particularly in countries like China and India. As more people
move to urban areas, there is a huge demand for high-quality construction and
interior design materials, including engineered onyx stone, to meet the needs
of both residential and commercial projects”, said Mr. Karan Chechi, Research
Director of TechSci Research, a research-based global management consulting
firm.
“Engineered Onyx Stone Market - Global Industry Size, Share, Trends, Opportunity, and Forecast, Segmented By Colour (Black, White, Red and Others), By Structure (Calcite, Quartz, Aragonite and Others), By Application (Building & Construction, Interior Designing, Artificial Jewellery and Others), By Region &Competition 2019-2029F”, has evaluated the future growth
potential of Global Engineered Onyx Stone Market and provides statistics
& information on market size, structure, and future market growth. The
report intends to provide cutting-edge market intelligence and help decision
makers take sound investment decisions. Besides the report also identifies and
analyzes the emerging trends along with essential drivers, challenges, and
opportunities in Global Engineered Onyx Stone Market.
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