Published on : Jul 05, 2016
ALBANY, New York, July 05, 2016: A new study on the global market for countertops, presenting a comprehensive analysis of this market by evaluating its current as well as the historical performance, has been recently added to the huge repository of ResearchMoz.us.
The research report is 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).”
This 118-page research report provides a holistic overview of the global countertops market by analyzing each of the significant factors that can influence the market, such as driving forces, limitations, challenges, trends, opportunities, and growth prospects. According to this research study, the global market for countertops is mainly driven by the increasing construction of new housing units and the rising investments across a number of commercial sectors.
Furthermore, the research report states that the worldwide countertops market has been expanding at a moderate growth rate over the last few years. The investments in the commercial construction activities, increasing construction of new residential houses, growing application in hotels and other commercial setups, and escalating number of food service outlets have been driving this market in the recent past. However, in the coming years, the global market for countertops is likely to register a significant rise, expanding at a CAGR of 4.74% during the period from 2016 to 2021.
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The increasing installation of countertops in various commercial setups, together with the significant demand for engineered stone/quartz countertops, is projected to boost this market substantially over the forecast period. Apart from this, the rise in initiatives taken by the governments in several emerging economies to encourage construction activities in their respective countries is also expected to propel the countertops market, states the research report.
The research study has evaluated the global market for countertops on the basis of the type of countertop, end user, and the geographical presence of this market. According to it, solid surfaces, granite, laminates, and engineered stone/quartz are the main types of countertops available in the global market. The residential sector and the commercial sector are the key end users of countertops and this market is spread across Asia Pacific, Europe, North America, and the Rest of the World.
In conclusion, the research report presents a competitive analysis of the global countertops market by analyzing the profiles of the major players functioning in this market. As per the market study, Panolam, DuPont, Wilsonart LLC, Pokarna Ltd., and Caesarstone Sdot-Yam Ltd. are leading the worldwide market for countertops.
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