The Asia Pacific Countertops Market should witness market growth of 6.4% CAGR during the forecast period (2022-2028).
Countertops are installed in newly constructed homes as well as during kitchen renovations. The demand for countertop materials is also being driven by an increase in bank lending and mortgage refinancing, opening up more credit for remodelling already-existing homes. The market value of the industry under research is anticipated to grow over the projected period as consumers increasingly favor more expensive materials overlaminates.
Also, among the most recent developments in the countertop business are rust-free concrete, reclaimed wood, tactile and leather surfaces, eco-friendly composite stone, and non-porous laminates. The continuous rapid development of emerging economies like China, India, and Brazil also increases the demand for products. Additionally, the top competitors are also implementing customer-driven marketing strategies, which could be a major factor in boosting industry growth throughout the projection period.
China's tourism industry is contributing more to the national economy. The main drivers of this travel boom are the expansion of a newly prosperous middle class and the loosening of Chinese government travel restrictions. China is currently one of the largest international outbound tourist markets. Due to their high disposable earnings, residents of the area are now more affordable. The APAC region's countertops market is anticipated to have consistent expansion due to the region's developing tourism and hospitality industries.
The China market dominated the Asia Pacific Countertops Market by Country in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $19,846.9 Million by 2028. The Japan market is experiencing a CAGR of 5.8% during (2022-2028). Additionally, The India market would display a CAGR of 7.1% during (2022-2028).
Based on Application, the market is segmented into Kitchen, Bathroom and Others. Based on End-user, the market is segmented into Residential and Commercial. Based on Material, the market is segmented into Granite, Solid Surface, Engineered Quartz, Laminate, Marble and Others. Based on countries, the market is segmented into China, Japan, India, South Korea, Singapore, Malaysia, and Rest of Asia Pacific.
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Masco Corporation, Cambria Company LLC, Aristech Surfaces LLC (Trinseo PLC), Wilsonart LLC, Caesarstone Ltd., Formica Group (Broadview Holding), Cosentino Global, S.L.U., MS International, Inc., Dal-Tile Corporation (Mohawk Industries, Inc.), and Rosskopf + Partner AG (Hope Bearer Foundation)
Countertops are installed in newly constructed homes as well as during kitchen renovations. The demand for countertop materials is also being driven by an increase in bank lending and mortgage refinancing, opening up more credit for remodelling already-existing homes. The market value of the industry under research is anticipated to grow over the projected period as consumers increasingly favor more expensive materials overlaminates.
Also, among the most recent developments in the countertop business are rust-free concrete, reclaimed wood, tactile and leather surfaces, eco-friendly composite stone, and non-porous laminates. The continuous rapid development of emerging economies like China, India, and Brazil also increases the demand for products. Additionally, the top competitors are also implementing customer-driven marketing strategies, which could be a major factor in boosting industry growth throughout the projection period.
China's tourism industry is contributing more to the national economy. The main drivers of this travel boom are the expansion of a newly prosperous middle class and the loosening of Chinese government travel restrictions. China is currently one of the largest international outbound tourist markets. Due to their high disposable earnings, residents of the area are now more affordable. The APAC region's countertops market is anticipated to have consistent expansion due to the region's developing tourism and hospitality industries.
The China market dominated the Asia Pacific Countertops Market by Country in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $19,846.9 Million by 2028. The Japan market is experiencing a CAGR of 5.8% during (2022-2028). Additionally, The India market would display a CAGR of 7.1% during (2022-2028).
Based on Application, the market is segmented into Kitchen, Bathroom and Others. Based on End-user, the market is segmented into Residential and Commercial. Based on Material, the market is segmented into Granite, Solid Surface, Engineered Quartz, Laminate, Marble and Others. Based on countries, the market is segmented into China, Japan, India, South Korea, Singapore, Malaysia, and Rest of Asia Pacific.
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Masco Corporation, Cambria Company LLC, Aristech Surfaces LLC (Trinseo PLC), Wilsonart LLC, Caesarstone Ltd., Formica Group (Broadview Holding), Cosentino Global, S.L.U., MS International, Inc., Dal-Tile Corporation (Mohawk Industries, Inc.), and Rosskopf + Partner AG (Hope Bearer Foundation)
Scope of the Study
By Application
- Kitchen
- Bathroom
- Others
By End-user
- Residential
- Commercial
By Material
- Granite
- Solid Surface
- Engineered Quartz
- Laminate
- Marble
- Others
By Country
- China
- Japan
- India
- South Korea
- Singapore
- Malaysia
- Rest of Asia Pacific
Key Market Players
List of Companies Profiled in the Report:
- Masco Corporation
- Cambria Company LLC
- Aristech Surfaces LLC (Trinseo PLC)
- Wilsonart LLC
- Caesarstone Ltd.
- Formica Group (Broadview Holding)
- Cosentino Global, S.L.U.
- MS International, Inc.
- Dal-Tile Corporation (Mohawk Industries, Inc.)
- Rosskopf + Partner AG (Hope Bearer Foundation)
Unique Offerings
- Exhaustive coverage
- The highest number of market tables and figures
- Subscription-based model available
- Guaranteed best price
- Assured post sales research support with 10% customization free
Table of Contents
Chapter 1. Market Scope & Methodology1.1 Market Definition
1.2 Objectives
1.3 Market Scope
1.4 Segmentation
1.4.1 Asia Pacific Countertops Market, by Application
1.4.2 Asia Pacific Countertops Market, by End-user
1.4.3 Asia Pacific Countertops Market, by Material
1.4.4 Asia Pacific Countertops Market, by Country
1.5 Methodology for the research
Chapter 2. Market Overview
2.1 Introduction
2.1.1 Overview
2.1.1.1 Market Composition & Scenario
2.2 Key Factors Impacting the Market
2.2.1 Market Drivers
2.2.2 Market Restraints
Chapter 3. Competition Analysis - Global
3.1 Recent Industry Wide Strategic Developments
3.1.1 Partnerships, Collaborations and Agreements
3.1.2 Product Launches and Product Expansions
3.1.3 Acquisition and Mergers
3.1.4 Geographical Expansions
3.2 Top Winning Strategies
3.2.1 Key Leading Strategies: Percentage Distribution (2018-2022)
3.2.2 Key Strategic Move: (Partnerships, Collaborations and Agreements : 2018, Jan - 2022, Nov) Leading Players
Chapter 4. Asia Pacific Countertops Market by Application
4.1 Asia Pacific Kitchen Market by Country
4.2 Asia Pacific Bathroom Market by Country
4.3 Asia Pacific Others Market by Country
Chapter 5. Asia Pacific Countertops Market by End-user
5.1 Asia Pacific Residential Market by Country
5.2 Asia Pacific Commercial Market by Country
Chapter 6. Asia Pacific Countertops Market by Material
6.1 Asia Pacific Granite Market by Country
6.2 Asia Pacific Solid Surface Market by Country
6.3 Asia Pacific Engineered Quartz Market by Country
6.4 Asia Pacific Laminate Market by Country
6.5 Asia Pacific Marble Market by Country
6.6 Asia Pacific Others Market by Country
Chapter 7. Asia Pacific Countertops Market by Country
7.1 China Countertops Market
7.1.1 China Countertops Market by Application
7.1.2 China Countertops Market by End-user
7.1.3 China Countertops Market by Material
7.2 Japan Countertops Market
7.2.1 Japan Countertops Market by Application
7.2.2 Japan Countertops Market by End-user
7.2.3 Japan Countertops Market by Material
7.3 India Countertops Market
7.3.1 India Countertops Market by Application
7.3.2 India Countertops Market by End-user
7.3.3 India Countertops Market by Material
7.4 South Korea Countertops Market
7.4.1 South Korea Countertops Market by Application
7.4.2 South Korea Countertops Market by End-user
7.4.3 South Korea Countertops Market by Material
7.5 Singapore Countertops Market
7.5.1 Singapore Countertops Market by Application
7.5.2 Singapore Countertops Market by End-user
7.5.3 Singapore Countertops Market by Material
7.6 Malaysia Countertops Market
7.6.1 Malaysia Countertops Market by Application
7.6.2 Malaysia Countertops Market by End-user
7.6.3 Malaysia Countertops Market by Material
7.7 Rest of Asia Pacific Countertops Market
7.7.1 Rest of Asia Pacific Countertops Market by Application
7.7.2 Rest of Asia Pacific Countertops Market by End-user
7.7.3 Rest of Asia Pacific Countertops Market by Material
Chapter 8. Company Profiles
8.1 Caesarstone Ltd.
8.1.1 Company Overview
8.1.2 Financial Analysis
8.1.3 Regional Analysis
8.1.4 Research & Development Expenses
8.1.5 Recent strategies and developments:
8.1.5.1 Acquisition and Mergers:
8.2 Dal-Tile Corporation (Mohawk Industries, Inc.)
8.2.1 Company Overview
8.2.2 Financial Analysis
8.2.3 Segmental and Regional Analysis
8.2.4 Recent strategies and developments:
8.2.4.1 Product Launches and Product Expansions:
8.3 Masco Corporation
8.3.1 Company Overview
8.3.2 Financial Analysis
8.3.3 Segmental and Regional Analysis
8.4 Aristech Surfaces LLC (Trinseo PLC)
8.4.1 Company Overview
8.4.2 Financial Analysis
8.4.3 Segmental and Regional Analysis
8.4.4 Research & Development Expenses
8.5 Cambria Company LLC
8.5.1 Company Overview
8.5.2 Recent strategies and developments:
8.5.2.1 Partnerships, Collaborations, and Agreements:
8.5.2.2 Product Launches and Product Expansions:
8.5.2.3 Geographical Expansions:
8.6 Wilsonart LLC
8.6.1 Company Overview
8.6.2 Recent strategies and developments:
8.6.2.1 Partnerships, Collaborations, and Agreements:
8.6.2.2 Product Launches and Product Expansions:
8.6.2.3 Acquisition and Mergers:
8.7 Formica Group (Broadview Holding)
8.7.1 Company Overview
8.7.2 Recent strategies and developments:
8.7.2.1 Partnerships, Collaborations, and Agreements:
8.8 Cosentino Global, S.L.U.
8.8.1 Company Overview
8.9 MS International, Inc.
8.9.1 Company Overview
8.10. Rosskopf + Partner AG (Hope Bearer Foundation)
8.10.1 Company Overview
Companies Mentioned
- Masco Corporation
- Cambria Company LLC
- Aristech Surfaces LLC (Trinseo PLC)
- Wilsonart LLC
- Caesarstone Ltd.
- Formica Group (Broadview Holding)
- Cosentino Global, S.L.U.
- MS International, Inc.
- Dal-Tile Corporation (Mohawk Industries, Inc.)
- Rosskopf + Partner AG (Hope Bearer Foundation)
Methodology
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