Global Countertops Market Growing at 4.74% CAGR to 2021

Jun 14, 2016, 08:30 ET from RnR Market Research

PUNE, India, June 14, 2016 /PRNewswire/ --

Worldwide countertop market growth is driven by the rising construction on new housing units coupled with surging prevalence of investments across various commercial sectors. According to a new research report titled "Global Countertops Market (By Type, By End Sector, By Region): Opportunities and Forecasts (2016-2021) - (By Type-Granite, Solid Surfaces, Engineered Stone/Quartz, Laminates; By End-Sectors- Residential, Commercial; By Region-North America, Europe, APAC, ROW; Key Players - Strategy, Financial Performance)", the industry grew at a CAGR of approximately 4.39% during 2011-2015, on the heels of rising construction of new housing units led by the APAC region, rebound of Europe as well as North America from the decline in the construction of the housing units, budding investments towards the construction of hotels and offices and increasing demand from the remodeling sector.

Complete report on countertop market spread across 118 pages providing 5 company profiles and 59 figures is available at http://www.rnrmarketresearch.com/global-countertops-market-by-type-by-end-sector-by-region-opportunities-and-forecasts-2016-2021-by-type-granite-solid-surfaces-engineered-stone-quartz-laminates-by-end-sectors-residential-commercial-rformance-market-report.html .

In terms of segmentation, countertops market is categorized on basis of Type - Granite, Solid Surfaces, Engineered Stone/Quartz, Laminates and Others. Granites lead the market with over 27% contribution in the year 2015 while residential sector contribute the maximum share in the same period.

Region Wise APAC region accounted for a staggering countertops market value in 2015 and is anticipated to maintain the leadership in the future. High construction activities coupled with increasing preference for multiple kitchen and bathrooms is backing the countertops market in the region.

With the industry witnessing moderate growth rate, it is anticipated that the Countertops market will exhibit higher CAGR in the forecast period. Rising installation across various commercial sectors, increasing construction of sky scrappers coupled with increasing expansion of various hotel chains, burgeoning construction activities in the developing regions, is anticipated to propel the growth of countertops market in the forecast period.

The competitive landscape discussed in this 2016 countertops market report include company profiles of Caesarstone Sdot-Yam Ltd, Pokarna Limited, Wilsonart LLC, Du Pont and Panolam. The report titled "Global Countertops Market (By Type, By End Sector, By Region): Opportunities and Forecasts (2016-2021) - (By Type-Granite, Solid Surfaces, Engineered Stone/Quartz, Laminates; By End-Sectors- Residential, Commercial; By Region-North America, Europe, APAC, ROW; Key Players - Strategy, Financial Performance)" has analysed the potential of Countertops market worldwide and provides statistics and information on market size, growth, shares and trends. The report intends to provide cutting-edge market intelligence and help decision makers take sound investment evaluation. Besides, the report also identifies and analyses the emerging trends along with major drivers, challenges and opportunities in the Global Countertops market. Order a copy of Global Countertops Market Report at http://www.rnrmarketresearch.com/contacts/purchase?rname=612482.

Another related report is Global Construction Stone Market 2016-2020. The analysts forecast global construction stone market to grow at a CAGR of 8.29% during the period 2016-2020. According to the report, increased infrastructure spending resulting in increased construction activities propels the growth of this market. Rapid urbanization in emerging countries such as China, India, Nigeria, and Indonesia has resulted in increased infrastructure spending in sectors such as water, power, and transportation.  

The following companies are the key players in the Global Construction Stone Market: AbleGroup, Benchmark Building Supplies, Caesarstone, Cosentino Group and LSR Group. Other Prominent Vendors in the market are Dakota Granite, Dal-Tile, Duracite, Granite Canada Exports, Marazzi Group, Precision Countertops, RockSolid Granit USA, Silkar Mining Joint-stock, Sunrise Quartzite, US Stoneworks, and Vangura. Complete report is available at http://www.rnrmarketresearch.com/global-construction-stone-market-2016-2020-market-report.html.

Explore other reports on construction market at http://www.rnrmarketresearch.com/reports/manufacturing-construction/construction.

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