CLEVELAND, Aug. 29, 2019 /PRNewswire/ -- Demand for solid surface countertops is forecast to rise 2.6% per year to 100 million square feet in 2022, roughly the same as during the 2012-2017 period. Growth will be fueled by the rising popularity of this material, whose benefits include:
- color consistency
- virtually seamless appearance
- ability to use integrated sinks
- ability to have curved edges
- resistance to moisture, scratches, and other damage caused by normal wear and tear
- product improvements such as Corian with Resilience Technology
In addition, gains will stem from:
- the fact that the solid surface production process allows recycled or green materials to be used, helping builders gain Leadership in Energy and Environmental Design (LEED) points for their structures
- its moderate pricing, which is an important consideration in both the residential and commercial markets
However, volume growth will be restricted by increased competitive pressures from other surface materials, such as engineered stone, high-end laminates and tile, recycled surfaces, cast polymers, granite, and glass.
More information about Countertops is here: https://www.freedoniagroup.com/Countertops.html
Demand for all types of countertops in the US is forecast to rise just over 2% annually through 2022 to 803 million square feet. Residential remodeling activity will rise as homeowners continue to opt for larger kitchens and multiple bathrooms, expanding the space devoted to countertops. Increasing construction activity in the countertop-intensive office, retail, lodging, and institutional markets will also drive growth.
Related studies include:
#3745 Global Countertops (July 2019)
#3604 Home Kitchen and Bathroom Remodeling (March 2018)
About The Freedonia Group, a division of MarketResearch.com – The Freedonia Group is a leading international industrial research company publishing more than 100 studies annually. Since 1985, we have provided research to customers ranging in size from global conglomerates to one-person consulting firms. More than 90% of the industrial companies in the Fortune 500 use Freedonia Group research to help with their strategic planning. Additional Construction & Building Products studies can be purchased at https://www.freedoniagroup.com/, www.marketresearch.com and www.profound.com.
Press Contact:
Corinne Gangloff
+1 440.684.9600
[email protected]
SOURCE The Freedonia Group
Related Links
https://www.freedoniagroup.com
WANT YOUR COMPANY'S NEWS FEATURED ON PRNEWSWIRE.COM?
Newsrooms &
Influencers
Digital Media
Outlets
Journalists
Opted In
Share this article