December 1, 2022

Countertop Market

Global “Countertop  study 2022, the industry landscape is covered from driving factors to upstream markets and the overall state of the market. An in-depth analysis of the overall growth prospects for the global and regional market was provided which was based on an in-depth analysis of key industry players, primary and secondary data.

Market Analysis and Insights: Global Countertop Market

Due to the COVID-19 pandemic, the global Countertop Market size is estimated to be worth USD million in 2022 and is forecast to a readjusted size of USD million by 2028 with an Impressive CAGR during the review period. Fully considering the economic change by this health crisis, Small Size accounting for % of the Countertop Market in 2022, is projected to value USD million by 2028, growing at a revised magnificent CAGR in the post-COVID-19 period. While Chemical Industry segment is altered to a magnificent CAGR throughout this forecast period.

 The global countertop market size stood at USD 89.18 billion in 2019 and is projected to reach USD 110.54 billion by 2027, exhibiting a CAGR of 2.8% during the forecast period

Countertop Market Regional Analysis:

Moreover, This report focuses on Countertop Market, especially in North America, Europe and Asia-Pacific, South America, Middle East and Africa. This report categorizes the market based on manufacturers, regions, type and application. Regional analysis is another highly comprehensive part of the research and analysis study of the global market presented in the report. This section sheds light on the sales growth of different regional and country-level markets. For the historical and forecast period to 2029, it provides detailed and accurate country-wise volume analysis and region-wise market size analysis of the global market.

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Top companies in the Global Countertop Market research report include:

  • Vicostone (Hanoi, Vietnam)
  • Aro Granite Industries Ltd. (New Delhi, India)
  • POKARNA LIMITED (Secunderabad, India)
  • (North Carolina, United States)
  • DuPont de Nemours, Inc. (Delaware, United States)
  • Masco Corporation (Michigan, United States)
  • STRASSER Steine GmbH (St. Martin i.M., Austria )
  • Wilsonart LLC. (Texas, United States)
  • ARISTECH SURFACES LLC (Kentucky, United States)
  • Cambria (Le Sueur, Minnesota)
  • Cosentino S.A. (Almería, Spain)

Ceramic Segment to Grow Steadily Backed by Their Increasing Usage

In terms of material, the market is segregated into wood, ceramic, plastic laminate, solid surfaces, concrete, engineered stone, and natural stone. Out of these, the ceramic segment held 11.4% market share in 2019. This growth is attributable to the rising usage of ceramic countertops in washrooms, restaurants, and kitchens. Besides, the enhancement in the manufacturing process since the past few years has surged the demand for such products.

Regional Analysis-

Asia Pacific to Dominate Owing to Rising Demand in India & China

Asia Pacific procured USD 29.67 billion in terms of revenue in 2019 and is anticipated to lead the market in the coming years. This is likely to occur because of the major contribution of Japan, India, and China. These countries are showcasing persistent commercialization and urbanization. China is considered to dominate on account of the high demand for engineered quartz work platforms for residential and commercial applications. The Federation of Indian Granite & Stone Industry (FIGSI) mentioned that India stands in the 4th position in terms of natural stone trade. It possesses 15% of natural stone reserve. However, the recent outbreak of the Covid-19 pandemic may obstruct the production process in the developing countries.

Market Segmentation-

  • Market Sizing Estimations and Forecasts – By Material Type (Value)
    • Natural Stone
    • Engineered Stone
    • Concrete
    • Solid Surfaces
    • Plastic Laminate
    • Ceramic
    • Wood
  • Market Sizing Estimations and Forecasts – By End-User (Value)
    • Residential
    • Commercial
      • Research Laboratories
      • Retails
      • Hotels/Restaurants
      • Others (Airports, Banks, etc.)
  • Market Analysis, Insights and Forecast – By Country (Value)
    • U.S.
    • Canada

COVID-19 Outbreak Impact Analysis on Countertop Market

We are taking continuous efforts to help your business sustain and grow during COVID-19 pandemics. Based on our experience and expertise, we will offer you an impact analysis of coronavirus outbreak across industries to help you prepare for the future.

The COVID-19 outbreak has spawned widespread economic distress and uncertainty, with many industries, markets, and businesses undergoing tremendous stress. However, together, the global community can tide over these challenging times and at Fortune Business Insights™, we aim to provide precise market intelligence through extensive and intensive research into the impact of this pandemic on various businesses.

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Countertop Market Historical Data:

  • Industry Trends: Global Revenue, Status and Outlook.
  • Market segment: by types, by applications, by regions / geography.
  • Competitive landscape: for producers, development trends.
  • Revenue of the product for the best players: market share, growth rate, analysis of the current market situation.
  • Sales revenue: market share, growth rate, current market analysis.

Research Methodology:

We follow a robust research methodology that involves data triangulation based on top-down, bottom-up approaches, and validation of the estimated market numbers through primary research. The information used to estimate the market size and forecast for various segments at the global, regional, and country-level is derived from the most credible published sources and through interviews with the right stakeholders.

The Growth rate or CAGR exhibited by a market for a certain forecast period is calculated on the basis of various factors and their level of impact on the market. These factors include market drivers, restraints, industry challenges, market and technological developments, market trends, etc.

Frequently Asked Question-

• How big is the countertop industry?
• What are the bestselling countertops?
• What is the most popular countertop material now?
• What is the most affordable countertop?
• countertop industry news
• countertop manufacturing
• quartzite countertops
• quartz vs quartzite
• quartz versus Caesar stone
• granite market in india
• granite countertops price in india

 

If you have any special requirements, please let us know and we will offer you the report as you want. you can also get individual chapter wise section or region wise report version like North America, Europe or Asia.

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