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Countertop Materials Market Overview, Trends and Regional Outlook, 2019-2027

 

Countertop Materials Market: Introduction

 

·         Countertop is a work surface that is used in kitchens or various other food preparation areas, lavatories or bathrooms, and workrooms. It is often installed upon and supported by cabinets. Countertops can be built of different materials with multiple attributes of durability, functionality, and esthetics. Countertops can also have built-in appliances as well as accessory items.

·         Various types of countertop materials include natural stones (granite, gabbro, limestone, soapstone, marble, and slate); silicate mineral (travertine and quartz); wood (hardwood and softwood); metals (stainless steel, copper, zinc, and aluminum); and crafted glass. Manufactured countertop materials include concrete (precast, cast-in-place, and processed slabs); compressed fiber or paper; high-pressure laminates (self-edged high-pressure decorative laminates and post-formed high-pressure decorative laminates); cultured marble; solid-surface acrylic plastic materials; terrazzo; solid-surface polyester acrylic; tile; and cast-in-place materials (post-consumer glass suspended in a resin and natural stone suspended in a resin.

 

Key Drivers of Countertop Materials Market

 

·         Rise in demand for advanced countertop materials and increase in adoption of countertops in residential as well as non-residential sectors owing to their durability and ease of maintenance are major factors projected to drive the global countertop materials market during the forecast period

·         Increase in awareness about the advantages of enhanced quality countertop materials in residential and non-residential sectors is expected to boost the market. Rise in adoption of countertops in non-residential sectors such as office, lodging, retail, and institutions is also anticipated to augment the demand for countertop materials during the forecast period.

·         Countertop materials are primarily employed in construction applications owing to various advantages offered by these materials such as resistance to acid and stain, easy to maintain, durable, and cost effectiveness. Additionally, these materials are utilized to improve tensile strength and waterproofing, and provide corrosion- and water-resistance. These are other factors projected to augment the global countertop materials market.

·         Rise in demand for countertop materials in numerous industrial applications due to their superior physical properties is another factor estimated to propel the global countertop materials market

 

Significant Opportunities in Construction Industry

 

·         Based on material type, the global countertop materials market can be segmented into natural stone, engineered stone, concrete, solid surfaces, and others (plastic laminate, ceramic, wood, etc.). In terms of revenue, the natural stone segment is projected to hold significant share of the market, owing to the rise in demand for natural stone based countertops in residential and non-residential industries.

·         Based on end-user, the global countertop materials market can be divided into residential and non-residential. In terms of revenue, the residential segment is projected to account for key share of the market, owing to various properties offered by these materials such as resistance to stain, scratch, heat, acid, as well as impact. Additionally, growth in household construction activities in developing as well as developed countries across the globe is another major factor expected to boost the demand for countertop materials in the residential sector. This, in turn, is likely to drive the segment during the forecast period.

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Asia Pacific to be Key Region of Global Countertop Materials Market

 

·         Based on region, the global countertop materials market can be segregated into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa

·         In terms of revenue, Asia Pacific is anticipated to account for significant share of the global countertop materials market during the forecast period. Demand for countertop materials is increasing rapidly in residential and non-residential sectors in countries in Asia Pacific. Countertop materials possess several features such as resistance to heat and wear, excellent shelf life, durability, as well as toughness. This is another factor expected to drive the market in Asia Pacific in the near future.

 

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Key Manufacturers Operating in Market

 

·         The global countertop materials market was highly fragmented in 2018. Several major players engage in significant product development activities in order to enhance their product portfolio.

Key manufacturers operating in the global market include:

 

·         VICOSTONE

·         Aro Granite Industries Ltd.

·         POKARNA LIMITED

·         Caesarstone

·         DuPont de Nemours, Inc.

·         Masco Corporation

·         STRASSER WOODENWORKS

·         Steine GmbH

·         Wilsonart LLC

·         ARISTECH SURFACES LLC

·         Cambria

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