Kitchen Countertop Market to 2025 - Global Analysis and Forecasts by Type and Application - ResearchAndMarkets.com
DUBLIN--(BUSINESS WIRE)--Dec 18, 2018--The “Kitchen Countertop Market to 2025 - Global Analysis and Forecasts by Type and Application” report has been added to ResearchAndMarkets.com’s offering.
The global kitchen countertop market is anticipated to account for US$ 135.47 Bn by the end of 2025, escalating from US$ 92.93 Bn in 2017, at a growth rate of 4.9% during the forecast period from 2018 - 2025.
The major driving factor influencing the kitchen countertop market to surge over the last five years are the increasing procurement of quartz-based countertop materials for kitchen and rising residential & commercial infrastructure in the developed as well as developing countries across the globe.
The kitchen countertop market has witnessed various makeovers over the years. This has led several manufacturers to innovated and develop robust and attractive products to meet the demands. For instance, over the past few years, the kitchen countertop market players were overpressurized with the demand for granite kitchen countertop owing to the low cost of the materials, and availability of different colors.
However, the material has several disadvantages such as being less eco-friendly, high maintenance and less durable. These disadvantages of granite have compelled the end users to shift towards advanced and engineered material Quartz. The advanced material overcomes the disadvantages of granite, and thus Quartz is increasingly gaining prominence.
Quartz offers the homeowners and commercial kitchen owners to customize the design as the selection procedure of Quartz material is much easier as compared to granite. Since Quartz is an engineered material, the countertop is much more environmental friendly and thus, consumers worldwide are increasingly purchasing quartz countertop as compared to granite kitchen countertop in the present market scenario.
Key Industry Dynamics
Key Market DriversRising Commercial And Residential Construction Consumer Preference Is Increasingly Shifting Towards Quartz Based Kitchen Countertops
Key Market RestraintsGradual Fall In Adoption Of Granite Based Kitchen Countertop To Hamper Market
Key Market OpportunitiesIncreasing Investments In Residential & Commercial Sectors In Developing Countries To Stimulate The Demand
Future TrendsAdoption Of Ceramic Slabs As Kitchen Countertop To Accentuate The Demand
The most prominent players operating in the market of kitchen countertop across the globe includeCaeserstone Ltd. Aro Granite Industries Ltd. Asian Granito India Ltd. Cambria Co. Cosentino S.A. Florim Ceramiche S.p.A Laminam S.p.A LG Hausys, Ltd. Thesize Surface (Neolith) Pokarna Limtied Quarella Sapienstone (Iris Ceramica Group S.p.A) Strasser Steine GmbH Tile & Stone Works Vicostone
For more information about this report visit https://www.researchandmarkets.com/research/wq6fmv/kitchen?w=4
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INDUSTRY KEYWORD: HOME GOODS INTERIOR DESIGN RETAIL CONSTRUCTION & PROPERTY
SOURCE: Research and Markets
Copyright Business Wire 2018.
PUB: 12/18/2018 10:53 AM/DISC: 12/18/2018 10:53 AM