Product Code: ETC274530 | Publication Date: Aug 2022 | Updated Date: Aug 2025 | Product Type: Market Research Report | |
Publisher: 6Wresearch | No. of Pages: 75 | No. of Figures: 35 | No. of Tables: 20 | |
The Vietnam Engineered Stone Market is poised for steady growth rate improvements from 2025 to 2029. The growth rate starts at 11.84% in 2025 and reaches 17.40% by 2029.
By 2027, the Engineered Stone market in Vietnam is anticipated to reach a growth rate of 14.32%, as part of an increasingly competitive Asia region, where China remains at the forefront, supported by India, Japan, Australia and South Korea, driving innovations and market adoption across sectors.
The Vietnam engineered stone market encompasses engineered stone products, such as quartz countertops and surfaces, used in residential and commercial applications. Engineered stone offers a durable and aesthetically pleasing alternative to natural stone surfaces. The market supports homeowners, interior designers, and construction projects seeking high-quality engineered stone materials.
The Vietnam engineered stone market has seen growth due to its applications in countertops, flooring, and interior design. Engineered stone, also known as quartz surfacing, offers durability and design versatility. Market expansion has been driven by the construction and real estate sectors` demand for aesthetically pleasing and low-maintenance surfaces, the growth of the hospitality and residential markets, and the preference for engineered stone`s durability and aesthetic appeal. The market`s growth has been supported by advancements in engineered stone manufacturing, improved design options, and the development of engineered stone products that mimic natural stone while offering enhanced performance and resilience.
Challenges in the Vietnam engineered stone market include competition from natural stone and the demand for durable and aesthetically pleasing engineered stone surfaces for interior and exterior applications. Ensuring engineered stone quality, design versatility, and cost-effectiveness while managing manufacturing costs and addressing construction standards pose ongoing challenges. Market players must also stay updated on engineered stone technology advancements and architectural design preferences.
The Vietnam engineered stone market encountered challenges during the COVID-19 pandemic. Engineered stone is used in various applications, including countertops and interior design. The pandemic disrupted manufacturing and supply chains, affecting the availability of engineered stone materials and products. Additionally, changes in consumer behavior and construction activity influenced market dynamics. Manufacturers in Vietnam had to navigate supply chain challenges and adapt to evolving customer requirements. The market demonstrated resilience by exploring new applications and diversifying supply sources to address the impact of the pandemic.
Prominent players in the Vietnam engineered stone market include StoneManufacturers Vietnam and BuildingMaterials Co., Ltd. They produce engineered stone products known for their aesthetic appeal and durability in construction and interior design.
1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 Vietnam Engineered Stone Market Overview |
3.1 Vietnam Country Macro Economic Indicators |
3.2 Vietnam Engineered Stone Market Revenues & Volume, 2021 & 2031F |
3.3 Vietnam Engineered Stone Market - Industry Life Cycle |
3.4 Vietnam Engineered Stone Market - Porter's Five Forces |
3.5 Vietnam Engineered Stone Market Revenues & Volume Share, By Product, 2021 & 2031F |
3.6 Vietnam Engineered Stone Market Revenues & Volume Share, By Application, 2021 & 2031F |
4 Vietnam Engineered Stone Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Growing demand for aesthetically appealing and durable construction materials in Vietnam. |
4.2.2 Increasing investments in infrastructure and construction projects within the country. |
4.2.3 Rising awareness about the benefits of engineered stone over natural stone products. |
4.3 Market Restraints |
4.3.1 Fluctuations in raw material prices impacting production costs. |
4.3.2 Competition from alternative materials like ceramic tiles and laminates. |
4.3.3 Lack of skilled labor for specialized installation of engineered stone products. |
5 Vietnam Engineered Stone Market Trends |
6 Vietnam Engineered Stone Market, By Types |
6.1 Vietnam Engineered Stone Market, By Product |
6.1.1 Overview and Analysis |
6.1.2 Vietnam Engineered Stone Market Revenues & Volume, By Product, 2021-2031F |
6.1.3 Vietnam Engineered Stone Market Revenues & Volume, By Tiles, 2021-2031F |
6.1.4 Vietnam Engineered Stone Market Revenues & Volume, By Blocks & Slabs, 2021-2031F |
6.2 Vietnam Engineered Stone Market, By Application |
6.2.1 Overview and Analysis |
6.2.2 Vietnam Engineered Stone Market Revenues & Volume, By Countertops, 2021-2031F |
6.2.3 Vietnam Engineered Stone Market Revenues & Volume, By Flooring, 2021-2031F |
6.2.4 Vietnam Engineered Stone Market Revenues & Volume, By Others, 2021-2031F |
7 Vietnam Engineered Stone Market Import-Export Trade Statistics |
7.1 Vietnam Engineered Stone Market Export to Major Countries |
7.2 Vietnam Engineered Stone Market Imports from Major Countries |
8 Vietnam Engineered Stone Market Key Performance Indicators |
8.1 Average project size utilizing engineered stone products. |
8.2 Number of new construction permits issued in Vietnam. |
8.3 Adoption rate of engineered stone in residential vs. commercial projects. |
9 Vietnam Engineered Stone Market - Opportunity Assessment |
9.1 Vietnam Engineered Stone Market Opportunity Assessment, By Product, 2021 & 2031F |
9.2 Vietnam Engineered Stone Market Opportunity Assessment, By Application, 2021 & 2031F |
10 Vietnam Engineered Stone Market - Competitive Landscape |
10.1 Vietnam Engineered Stone Market Revenue Share, By Companies, 2024 |
10.2 Vietnam Engineered Stone Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |