Dublin, March 24, 2023 (GLOBE NEWSWIRE) -- The "Countertops Market Size, Share & Trends Analysis Report By Material (Engineered Quartz, Granite), By End-user (Residential, Commercial), By Application (Bathroom, Kitchen), By Region, And Segment Forecasts, 2023 - 2030" report has been added to ResearchAndMarkets.com's offering.
The global countertops market size is expected to reach USD 217.79 billion by 2030, registering a CAGR of 6.5% over the forecast period.
Countertops play a significant role in both the home and commercial sectors, with its expanding applications, including modular kitchens and beautiful shelves for toiletries in opulent bathrooms. On account of the increasing demand for engineered and natural stone in the construction of new buildings, major countertop manufacturers are concentrating on producing a variety of materials. Work platforms are in greater demand due to the investments by construction companies worldwide in renovating existing structures.
Furthermore, due to climatic changes and rising pollution, buildings in regions like Asia Pacific, Europe, and North America are degrading. The construction of the kitchen, bathroom, retail, and laboratory platforms increases the need for natural stone, engineered stone, concrete, laminates, and other building materials. In terms of value, the granite material segment dominated the industry in 2022 and accounted for the largest revenue share in the same year.
The increasing demand for the granite material countertop in kitchens owing to their properties like heat resistance, affordability, and durability is boosting the segment growth. The commercial end-user segment is projected to grow at the fastest CAGR over the forecast period.
Increasing demand for countertops in commercial spaces for various applications is boosting segment growth. In addition, platforms made of phenolic resin, epoxy resin, high-pressure laminate, stainless steel, and chemical-resistant laminate are in demand in research facilities.
These kinds of chemical-resistant resins are used to create strong, long-lasting cabinetry materials and decorative surfaces. This may propel the market growth over the forecast period. Asia Pacific held the largest share in 2022 owing to the increasing residential and commercial construction sector in developing countries, such as China and India, which increases the consumers' need to invest in home improvement activities.
Countertops Market Report Highlights
- The engineered quartz segment is expected to witness the fastest growth rate over the forecast period
- The increasing popularity of quartz for kitchen and bathroom cabinets is propelling its demand
- The kitchen application segment led the industry in 2022 and is expected to remain dominant throughout the forecast period due to the high preference for spacious kitchens
- Asia Pacific was the largest region in 2022 and will register the fastest CAGR over the forecast period due to the growing construction of commercial and residential buildings
- Moreover, improved living standards, rising disposable income levels, and growing distribution networks will boost the product demand in the Asia Pacific region
Key Attributes:
| Report Attribute | Details |
| No. of Pages | 86 |
| Forecast Period | 2023 - 2030 |
| Estimated Market Value (USD) in 2023 | $131.5 Billion |
| Forecasted Market Value (USD) by 2030 | $217.79 Billion |
| Compound Annual Growth Rate | 6.5% |
| Regions Covered | Global |
Key Topics Covered:
Chapter 1. Methodology and Scope
Chapter 2. Executive Summary
Chapter 3. Countertops Market Variables, Trends & Scope
Chapter 4. Consumer Behavior Analysis
Chapter 5. Countertops Market: Material Estimates & Trend Analysis
5.1. Material Movement Analysis & Market Share, 2021 & 2030
5.2. Granite
5.3. Solid Surface
5.4. Engineered Quartz
5.5. Laminate
5.6. Marble
5.7. Others
Chapter 6. Countertops Market: Application Estimates & Trend Analysis
6.1. Application Movement Analysis & Market Share, 2021 & 2030
6.2. Kitchen
6.3. Bathroom
6.4. Others
Chapter 7. Countertops Market: End-user Estimates & Trend Analysis
7.1. End-user Movement Analysis & Market Share, 2021 & 2030
7.2. Residential
7.3. Commercial
Chapter 8. Countertops Market: Regional Estimates & Trend Analysis
Chapter 9. Competitive Analysis
Chapter 10. Company Profiles
Companies Mentioned
- Arborite
- Cambria
- ARISTECH SURFACES LLC
- Wilsonart LLC
- Caesarstone
- Formica
- Cosentino SA
- M S International Inc.
- Daltile
- ROSSKOPF + PARTNER AG
- Masco Corporation
For more information about this report visit https://www.researchandmarkets.com/r/httr2q
About ResearchAndMarkets.com
ResearchAndMarkets.com is the world's leading source for international market research reports and market data. We provide you with the latest data on international and regional markets, key industries, the top companies, new products and the latest trends.
Attachment
