Countertops

Countertops

The US countertops market will expand 4.2% per year through 2019, totaling 810 million square feet. An expansion in the number of new buildings constructed, a renewed interest in remodeling activity, and increases in production levels of countertop-intensive transportation equipment will support growth.

This report segments the countertop industry by Surface Materials, Products, and Markets. Countertop demand is also broken out by US regions and sub-regions. Data are provided in square feet and dollars.

Countertop surface materials include:
Laminates
Natural Stone
Solid Surface
Engineered Stone
Cast Polymers
Tile
Other (e.g., metals, wood, recycled materials, concrete, ceramic slab)

Laminates will remain the largest of these through 2019, representing 44% of the market. Of the leading categories, the fastest growth will be for engineered stone, promoted by its durability and ease of maintenance, while providing similar aesthetics to natural stone.

Among the key countertop products are:
Kitchen
Bathroom
Other (e.g., workspace in garages, businesses, and laundry rooms)

Kitchen countertops were the largest product in 2014, accounting for 56% of the total. The kitchen is the room most likely to have a countertop and also most likely to have a larger countertop. In addition, kitchen countertops sustain significant use and abuse over the years, making it more likely this product is replaced due to wear and tear.

Major countertop markets include:
Residential
Nonresidential
Non-building

Residential was the leading market in 2014, accounting for over 80% of demand. The large residential market will contribute four-fifths of new demand through 2019, propelled by an acceleration in the number of new homes built and increases in remodeling activity.

Concentration levels in the US countertop industry varies by surface material. Participants in the US countertop industry include Caesarstone, Cosentino, DuPont, Fletcher Building, Hanwha Living & Creative, John Boos, LG Hausys, Panolam Industries International, Samsung SDI, Swan, Transolid, and Wilsonart International.