The Latin America, Middle East and Africa Countertops Market should witness market growth of 7.9% CAGR during the forecast period (2022-2028).
The market is expanding strongly due to increased private spending on home improvements and a consistent rise in the residential building industry globally. In brand-new homes and during kitchen renovations, countertops are typically added. Also, there is a surge in bank lending and mortgage refinancing, which makes more credit available for renovating existing homes and fuels demand for countertop products.
Low-interest rates, rising disposable income, and a rising employment rate, particularly in industrialized nations, are projected to increase demand for residential development. In addition, due to increased private spending on home modifications and residential construction, countertop material sales are anticipated to increase steadily over the projection period.
The infrastructure of major cities has grown significantly as a result of urbanization, and the construction of new homes and businesses has progressed quickly. As the population of the city grows, so does the number of hotels, restaurants, schools, parks, and gardens in the area. The hospitality industry has grown more quickly as a result of the concurrent growth of the tourism industry. The main factors driving the market expansion are the increasing economy and the quick growth of Africa's urban population, and their purchasing power.
The Brazil market dominated the LAMEA Countertops Market by Country in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $3,398.9 Million by 2028. The Argentina market is experiencing a CAGR of 8.5% during (2022-2028). Additionally, The UAE market would display a CAGR of 7.6% 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 Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA.
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)
The market is expanding strongly due to increased private spending on home improvements and a consistent rise in the residential building industry globally. In brand-new homes and during kitchen renovations, countertops are typically added. Also, there is a surge in bank lending and mortgage refinancing, which makes more credit available for renovating existing homes and fuels demand for countertop products.
Low-interest rates, rising disposable income, and a rising employment rate, particularly in industrialized nations, are projected to increase demand for residential development. In addition, due to increased private spending on home modifications and residential construction, countertop material sales are anticipated to increase steadily over the projection period.
The infrastructure of major cities has grown significantly as a result of urbanization, and the construction of new homes and businesses has progressed quickly. As the population of the city grows, so does the number of hotels, restaurants, schools, parks, and gardens in the area. The hospitality industry has grown more quickly as a result of the concurrent growth of the tourism industry. The main factors driving the market expansion are the increasing economy and the quick growth of Africa's urban population, and their purchasing power.
The Brazil market dominated the LAMEA Countertops Market by Country in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $3,398.9 Million by 2028. The Argentina market is experiencing a CAGR of 8.5% during (2022-2028). Additionally, The UAE market would display a CAGR of 7.6% 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 Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA.
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
- Brazil
- Argentina
- UAE
- Saudi Arabia
- South Africa
- Nigeria
- Rest of LAMEA
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 LAMEA Countertops Market, by Application
1.4.2 LAMEA Countertops Market, by End-user
1.4.3 LAMEA Countertops Market, by Material
1.4.4 LAMEA 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. LAMEA Countertops Market by Application
4.1 LAMEA Kitchen Market by Country
4.2 LAMEA Bathroom Market by Country
4.3 LAMEA Others Market by Country
Chapter 5. LAMEA Countertops Market by End-user
5.1 LAMEA Residential Market by Country
5.2 LAMEA Commercial Market by Country
Chapter 6. LAMEA Countertops Market by Material
6.1 LAMEA Granite Market by Country
6.2 LAMEA Solid Surface Market by Country
6.3 LAMEA Engineered Quartz Market by Country
6.4 LAMEA Laminate Market by Country
6.5 LAMEA Marble Market by Country
6.6 LAMEA Others Market by Country
Chapter 7. LAMEA Countertops Market by Country
7.1 Brazil Countertops Market
7.1.1 Brazil Countertops Market by Application
7.1.2 Brazil Countertops Market by End-user
7.1.3 Brazil Countertops Market by Material
7.2 Argentina Countertops Market
7.2.1 Argentina Countertops Market by Application
7.2.2 Argentina Countertops Market by End-user
7.2.3 Argentina Countertops Market by Material
7.3 UAE Countertops Market
7.3.1 UAE Countertops Market by Application
7.3.2 UAE Countertops Market by End-user
7.3.3 UAE Countertops Market by Material
7.4 Saudi Arabia Countertops Market
7.4.1 Saudi Arabia Countertops Market by Application
7.4.2 Saudi Arabia Countertops Market by End-user
7.4.3 Saudi Arabia Countertops Market by Material
7.5 South Africa Countertops Market
7.5.1 South Africa Countertops Market by Application
7.5.2 South Africa Countertops Market by End-user
7.5.3 South Africa Countertops Market by Material
7.6 Nigeria Countertops Market
7.6.1 Nigeria Countertops Market by Application
7.6.2 Nigeria Countertops Market by End-user
7.6.3 Nigeria Countertops Market by Material
7.7 Rest of LAMEA Countertops Market
7.7.1 Rest of LAMEA Countertops Market by Application
7.7.2 Rest of LAMEA Countertops Market by End-user
7.7.3 Rest of LAMEA 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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