Global Quartz Kitchen Countertops Market - WishTree Insight

Global Quartz Kitchen Countertop Market by Type (Casting Molding and Press Molding), Application (Commercial and Residential), and Regions, The Asia Pacific, Middle East Africa, Europe, North America, and Latin America) - Global Industry Analysis, Share, Growth, Trends, Size, and Forecast 2021 – 2031

The Quartz Kitchen Countertop market size was valued at USD 90.1 billion in 2021 and is expected to surpass USD 114.2 billion by 2031, expanding at a CAGR of 3.5 % during the forecast period, 2021–2031. The market's growth is attributed to the increasing demand from the residential and commercial sectors.

INTRODUCTION

A Countertop is a basic utility in the kitchen. Countertops are multipurpose working platforms that provide essential tools and utilities. Quartz is a hard-engineered stone. It is made of crystalline silicon and oxygen atoms. Quartz is used to make kitchen cabinets and countertops for the kitchen attributed to its durability and strength.

The increasing demand for quartz kitchen countertops for kitchens and other infrastructure is likely to drive the market. The properties of quartz such as customizability, eco-friendly nature, and durability of engineered stone have increased the demand for quartz kitchen countertops.

Market Trends, Drivers, Restraints, and Opportunities

• Increasing demand from the residential and commercial sectors is expected to propel the market.
• Emergence of a honed finished quartz countertop is considered a major trend.
• Rising investments in refurbishing and remodeling building construction infrastructure to drive the global quartz kitchen countertops market.
• Increasing demand for durable laminate countertop material to propel the market growth.
• Harmful Radiation from granite and the high purchasing cost of natural stone hamper the growth of the global quartz kitchen countertops market.
• Carcinogenic nature of Quartz is expected to hamper the market growth.

Scope of the Report

Market Segment Insights

Based on type, the quartz kitchen countertop market is divided into casting molding and press molding. Based on application, the quartz kitchen countertop market is divided into commercial and residential.

The Asia Pacific region is anticipated to constitute a key market share

In terms of regions, the quartz kitchen countertop market is classified as Asia Pacific, North America, Latin America, Europe, and Middle East & Africa. The market of the Asia Pacific region is expected to constitute a key share of the market during the projected period owing to the urbanization and commercialization in developing countries. However, the market of the North American region is anticipated to expand at a rapid pace during the forecast period owing to the adoption of advanced technologies and engineered materials. Moreover, Europe is expected to show considerable growth due to the commercialization and rise in disposable income in countries like Spain, Italy, Germany, and the U.K. Latin America and Middle East & Africa are expected to grow at a steady rate by the forecast period, due to lack of exposure about the engineered materials like quartz.

Competitive Landscape

Key players competing in the Quartz Kitchen Countertop market are Quartz Master (U.S.); LG Hausys (South Korea); C.R.Laurence Co., Inc.(U.S.); H & R Johnson (India); Quantum Quartz (U.S.); Dupont (U.S.); Arizona (U.S.).

FAQs

How much is the market worth?

The Quartz Kitchen Countertop market size was valued at USD 90.1 billion in 2021 and is expected to surpass USD 114.2 billion by 2031.

During the forecast period, what is the CAGR of the market?

During the forecast period, the CAGR of the market is expected to be 3.5%.

What are the key drivers of the market?

The market's growth is attributed to the increasing demand from the residential and commercial sectors.

What segments are covered in the Quartz Kitchen Countertop report?

The segments covered in the report are type (casting molding and press molding), and application (commercial and residential).

Mention which region is expected to hold the highest share of the Quartz Kitchen Countertop market.

The Asia Pacific region is expected to hold the highest share of the Quartz Kitchen Countertop market.

Mention the key players in the market.

Quartz Master (U.S.); LG Hausys (South Korea); C.R.Laurence Co., Inc.(U.S.); H & R Johnson (India); Quantum Quartz (U.S.); Dupont (U.S.); Arizona (U.S.)