The rising technological advancements in the construction industry is driving the global countertop market, says Fortune Business insights in a report, titled“Countertop Market Size, Share and Industry Analysis, By Material Type (Natural Stone, Engineered Stone, Concrete, Solid Surfaces, Plastic Laminate, Ceramic, Wood), By End-User (Residential, Commercial) and Regional Forecast, 2019-2026.”
The global countertop market was valued at USD 86.50 Billion in 2018 is expected to reach USD 110.87 Billion by 2026, exhibiting a CAGR of 3.2% during the forecast period.
As per the report, the material type segment is expected to account for maximum percentage of the global countertop market share. Furthermore, the material type segment is segmented into natural stone, engineered stone, concrete, solid surfaces, plastic laminate, ceramic, wood. Engineered stone is likely to witness high demand cutting-edge finish and beautiful aesthetics.
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The report studies in detail technological developments in the countertop industry. Containing Profound data and offering superior insights into the global countertop market. Inculcating the facts and figures, the report gives a grander view of the industry and offers companies the chance to escalate their trade and business.
Increasing Procurement of Quarts Countertop Material Will Propel Growth
Some of the leading companies operating in the global countertop market are:
- Aro Granite Industries Ltd.
- POKARNA LIMITED
- DuPont de Nemours, Inc.
- Masco Corporation
- STRASSER Steine GmbH
- Wilsonart LLC.
- ARISTECH SURFACES LLC
Increasing Demand for Modern Countertop Will Enable Growth
The increasing demand for modern countertop in the residential, commercial and industrial sector will boost the global countertop market growth. For instance, The National Kitchen and Bath Association has invested USD 147 billion for the premier kitchen and bath aesthetic countertops and other interiors. Furthermore, the rising trend attributed to cabinetry construction materials such as rust-free concrete, tactile and leather surfaces, reclaimed wood, eco-friendly composite stone and non-porous laminates. In addition, the launch of Concrete 4044 and Cloudburst Concrete 4011 will aid the growth of the global countertop market. For instance, Caesarstone, introduced a new type of concrete material in its Metropolitan Countertop Collection such as Airy Concrete 4044 and Cloudburst Concrete 4011, that has airy visual textures with softened edges, best suitable for kitchen, bathroom, and workroom countertops.
Major Table of Contents –
- Research Scope
- Market Segmentation
- Research Methodology and Assumptions
- Executive Summary
- Market Dynamics
- Drivers, Restraints and Opportunities
- Emerging Trends of Market
- Key Insights
- Macro and Micro Economic Factors
- Key Technological Developments
- Porter’s Five Forces Analysis
- Consolidated SWOT Analysis of Key Players
- Price Trend Analysis
- Global Countertop Market Analysis, Insights and Forecast, 2015-2026
- Key Findings / Summary
- Market Sizing Estimations and Forecasts – By Material Type (US$ Mn and Million Units)
- Natural Stone (Granite & Marble)
- Engineered Stone (Glass & Quartz)
- Solid Surfaces (Acrylic & Polyester)
- Plastic Laminate
- Market Sizing Estimations and Forecasts – By End-User (US$ Mn)
- Research Laboratories
- Hotels/ Restaurants
- Market Analysis, Insights and Forecast – By Geography (US$ Mn)
- North America
- Asia Pacific
- Middle East and Africa
- Latin America
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