CHEMICAL Countertop Market | Page 4

Countertop Market Analysis
The global countertop market is exhibiting a steady growth throughout the world due to a
rise in the disposable incomes and a rise in the employment levels, especially in the key
markets of North America and APEJ. Also, with a renewed impetus that is being witnessed in
the construction industry, the global countertop market is also benefitting due to this trend
as most of the new countertops are installed in the kitchens of new homes and in the
renovation of the old homes as well. Also, with the interest rates historically low in the key
market of United States, and with the banks being generous in extending the line of credit to
the consumers, there is a rising amount of money being spend on the construction and
renovation of homes, thereby directly benefitting the global countertop market. In addition,
the consumers are increasingly preferring granite stone as their choice of countertop, due to
the fact that the prices of granite are dropping. This is especially true for the markets in the
United States, where there is a huge availability of granite stone in the mass markets due to a
plethora of supply because of the rising low cost imports of granite during the last decade.
This factor, coupled with the fact that consumers are preferring granite due to its high
aesthetic appeal, is making the granite stone most popular choice for the countertops.
The global countertop market is slated to reach a valuation of nearly US$ 142,000 Mn in the
year 2026 and exhibit a moderate CAGR during the period of forecast.
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