What is the global market size of Countertops Market?

Countertops Market size was valued at USD 122.95 billion in 2021 and is poised to grow from USD 131.5 billion in 2022 to USD 217.79 billion by 2030, growing at a CAGR of 6.5% in the forecast period (2023-2030).

Countertops Market Size, Share, Growth Analysis, By Material(Granite, Solid Surface), By Application(Kitchen, Bathroom) - Industry Forecast 2024-2031

Q: Which region accounted for the largest share in Countertops Market?

Asia Pacific dominated the global market in 2022. This high percentage can be attributed to rising living standards and on-going renovation efforts for both residential and non-residential building units.The second-fastest growth rate is anticipated for the Middle East and Africa between 2023 and 2030. The expansion of the hospitality sector and the increase in hotel room supply are responsible for this growth. Also, the increased product demand in venues including bars, restaurants, coffee shops, and other commercial applications is accelerating regional expansion.

Report ID: SQMIG25G2006 | Region: Global | Published Date: April, 2024
Pages: 223 | Tables: 66 | Figures: 75

Countertops Market News

In July 2022, Growth of HPL Commercial and TracelessTM Laminate Collections was announced by Wilsonart®.

In February 2022, at the Kitchen & Bath Industry Show (KBIS) in Orlando, Florida, February 8–10, Caesarstone Ltd. introduced eight new natural-inspired surfaces, including the Pebbles Collection, which includes 5 designs that honor the perpetual alteration of wind and water over stone

Countertops Market Report Snapshots

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Countertops Market size was valued at USD 131.50 billion in 2022 and is poised to grow from USD 140.05 billion in 2023 to USD 231.78 billion by 2031, growing at a CAGR of 6.50% during the forecast period (2024-2031).

Details about each competitor are provided in the countertops market competitive landscape. Included information includes a business overview, financials, revenue generated, market potential, R&D, new market initiatives, presence, production sites and facilities, production capacities, company strengths, product launches, product breadth and depth, and application dominance. The aforementioned data points are limited to the companies' market focus on countertops. 'Caesarstone Ltd.', 'Cosentino Group', 'DuPont de Nemours, Inc.', 'Illinois Tool Works Inc.', 'Pokarna Limited', 'Vicostone Joint Stock Company', 'Cambria', 'Wilsonart LLC', 'Hanwha Corporation', 'LG Hausys Ltd.', 'Diresco NV', 'Pokarna Limited', 'Pokarna Engineered Stone Limited', 'Formica Group', 'Panolam Industries International Inc.', 'Schneller LLC', 'Agco Inc.', 'Jushi Group Co. Ltd.', 'Breton S.p.A.', 'Guangdong Guangfa Industry Co. Ltd.'

Modular kitchens and decorative shelves for toiletries in luxurious bathrooms, countertops play a significant role in both the residential and commercial sectors. Due to the increasing demand for engineered and natural stone in new construction, major countertop manufacturers are concentrating on producing a variety of materials. In addition, the Buildings Performance Network (GBPN) is a leader in lowering the energy required for renovation of existing structures. According to GBP, a typical renovation project can save up to 20%–30% of energy, which lowers the building's degradation process.

Increasing the amount spent on building repairs and renovations: Countertops play a big part because of their expanding uses in the residential and commercial sectors, like elegant shelving for toiletries in luxurious bathrooms and modular kitchens.

Asia Pacific dominated the market in 2022. This high percentage can be attributed to rising living standards and on-going renovation efforts for both residential and non-residential building units.The second-fastest growth rate is anticipated for the Middle East and Africa between 2023 and 2030. The expansion of the hospitality sector and the increase in hotel room supply are responsible for this growth. Also, the increased product demand in venues including bars, restaurants, coffee shops, and other commercial applications is accelerating regional expansion.

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Countertops Market Size, Share, Growth Analysis, By Material(Granite, Solid Surface), By Application(Kitchen, Bathroom) - Industry Forecast 2024-2031

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