The Italian quartz market exhibited fluctuations over the past decade, with notable declines between 2015 and 2018. The most substantial drop occurred in 2018, with a 16.93% decrease in value. However, since 2019, the market has shown a modest upward trajectory, maintaining an average annual growth rate of 1.2% as seen in 2023, where the market value stood at 28.993 million US dollars. The forecast indicates a continual but slow growth with a predicted CAGR of 0.89% until 2028. This cautious optimism suggests steady stabilization and recovery in the market.
Future trends to watch for include:
- Innovations in quartz production technology that could potentially drive costs down.
- Increased demand in luxury and residential sectors driven by consumer preferences for durable and aesthetic materials.
- Potential impacts of environmental regulations on production processes.
- Global market dynamics affecting raw material prices and supply chains.