Ghaziabad, 21 July 2016: Global countertop market is witnessing a steady growth which is a direct effect of the growth in housing and building industry, increased construction of various types of housing units, increased application across hotels and commercial setups and an increased volume of food outlets and restaurants. Not just this, worldwide market growth is also driven by the introduction of new materials such as engineered stone/quartz, laminates etc. This increased variety and utility has given housing and building owners yet another reason to change their countertops to better fulfill their utilitarian and aesthetical needs, thereby pushing the industry to new heights and larger profits.

According to the latest research conducted by Azoth Analytics, Global Countertop Market grew at a CAGR Of 4.4% during the period of 2011-2015. This growth was attributed to a couple of reasons – rise in new housing units led by APAC region, bounce back in housing industry from the decline seen in North American and European markets, increased demand in remodeling sector and an increase in the number of budding investors in construction of hotels and offices.

According to the official spokesperson of Azoth Analytics, “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)” Global Countertops Market is projected to exhibit a CAGR of around 4.75% during the forecast period of 2016 – 2021.”

This steady rise will be a result of the increased penetration of engineered stone/quartz countertops across various industries and counties and an increased role of government in providing housing facilities to all of its citizens.

Shedding light of the torchbearers of Global Countertop Market in the forecast period, spokesperson for Azoth Analytics said, “Following companies will be the key players in the period of 2016-2021 – Caesarstone, LASR Grpup, Marazzi Group, Dakota Granite, Duraite, Dal-tile, quartzite, Granite Canada Exports, Precision countertops, Sikar Mining, US stonework, Sunrise Quartzite etc.”

Countertops may not be the biggest thing in the housing industry but it is one of the most integral ones and not just in private housing but also in commercial space building. Rapid development in countries like China, India, Nigeria and Indonesian has resulted in an increased need for infrastructure of which global countertop market is a big part.

This report will prove helpful to both existing and new players alike in global market for countertops.

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Azoth Analytics creates in-depth research reports by recording, interpreting and analyzing information through primary and secondary research. Our strategic market sizing and data dredging techniques include secondary research, interviews with key market players and industry experts and use of industry specific statistical tools which helps in designing and planning effective research for our global and local clients. We provide customized market research reports revealing the hidden truths on different verticals like pharmaceutical, oil and gas, retail, telecommunications, real estate, logistics, energy, healthcare, technology, FMCG, food & beverages and media sectors.