The countertops market size is expected to see steady growth in the next few years. It will grow to $110.16 billion in 2028 at a compound annual growth rate (CAGR) of 3.1%. The growth in the forecast period can be attributed to sustainable materials demand, customization preferences, urbanization and modern living, health and hygiene concerns, premium and luxury trends, residential and commercial construction.. Major trends in the forecast period include innovation in edge profiles, application of recycled and upcycled materials, integration of digital printing technology, preference for low-maintenance materials, expansion of online sales channels.
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Scope Of Countertops Market
The Business Research Company’s reports encompass a wide range of information, including:
1. Market Size (Historic and Forecast): Analysis of the market’s historical performance and projections for future growth.
2. Drivers: Examination of the key factors propelling market growth.
3. Trends: Identification of emerging trends and patterns shaping the market landscape.
4. Key Segments: Breakdown of the market into its primary segments and their respective performance.
5. Focus Regions and Geographies: Insight into the most critical regions and geographical areas influencing the market.
6. Macro Economic Factors: Assessment of broader economic elements impacting the market.
Countertops Market Overview
Market Drivers –
An increasing number of residential constructions is expected to propel the growth of the countertops market going forward. Residential construction refers to a procedure involving the enlargement, remodeling, or creation of a new residence or other structures intended for residential use. Countertops are employed in residential construction as space for cleaning, prepping, cutting, and mixing foods, resting hot pots and pans, plating food, and storing small kitchen appliances. For instance, in August 2022, according to the U.S. Department of Housing and Urban Development, a US-based government department responsible for administering federal housing and developmental laws, and the U.S. Census Bureau, a US-based government department responsible for producing data related to American people, and economy, privately owned housing completions increased by 3.5 % from 1,376,000 in 2021 to 1,424,000 in 2022, and privately owned housing units authorized by building permits increased by 1.1 % from 1,655,000 in 2021 to 1,674,000 in 2022. Therefore, the increasing number of residential constructions will drive the countertop market.
Market Trends –
Product innovation is the key trend gaining popularity in the countertops market. Major companies operating in the countertops market are developing a new range of countertops with modern applications and properties. For instance, in February 2021, SapienStone, an Italy-based porcelain kitchen countertops manufacturer, launched ACTIVE SURFACES countertops. ACTIVE SURFACES are exceptional countertops for kitchens that are antibacterial, antiviral, anti-pollution, anti-odor, and self-cleaning. These characteristics offer essential assistance in the kitchen, a location in the house where sanitation is particularly crucial, and safeguard human health. ACTIVE SURFACES utilize the photocatalytic titanium dioxide’s capabilities enhanced with silver to turn regular ceramic slabs into an eco-active material that continuously fights germs, viruses, pollution, odors, and other undesirable elements. These countertops’ antibacterial and antiviral qualities are their most essential qualities.
The countertops market covered in this report is segmented –
1) By Type: Natural Stone, Engineered Stone, Concrete, Solid Surfaces, Plastic Laminate, Wood
2) By Application: Kitchen, Bathroom, Other Applications
3) By End-User: Residential, Commercial, Industrial
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Regional Insights –
North America was the largest region in the global countertops market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the countertops market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
Key Companies –
Major companies operating in the countertops market report are Strasser Steine GmbH, Wilsonart International Holdings LLC, Aro Granite Industries Limited, Masco Corporation, Grupo Cosentino S.A., Century Plyboards & Industries Limited, Greenply Industries Limited, Georgia-Pacific LLC, Weyerhaeuser Corporation, Eksons Corporation Berhad, Jaya Tiasa Holdings Berhad, WTK Holdings Berhad, Linyi Junli Wood Products Co Ltd., Atlantis Marble and Granite Inc., Bergen Marble and Granite Inc., Cambria Company LLC, Lotte Advanced Materials Corp., E.I. du Pont de Nemours and Company, Pokarna Limited, Granite America Inc., Arborite Canada Inc., Aristech Surfaces LLC, Formica Corporation, Asian Granito India Limited, Vicostone Quartz Surfaces, Dal-Tile Corporation, ROSSKOPF + PARTNER AG, Caesarstone Ltd., Silestone Quartz Surfaces, Precision Countertops Inc., Silverstone Technology Co Ltd., StonePark USA LLC, Okite Quartz Surfaces, LG Hausys Viatera, M S International Inc., Hanwha L&C Corporation, Compac The Surface Company
Table of Contents
1. Executive Summary
2. Countertops Market Report Structure
3. Countertops Market Trends And Strategies
4. Countertops Market – Macro Economic Scenario
5. Countertops Market Size And Growth
…..
27. Countertops Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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