Countertop Market to Grow at 4.0% CAGR from 2023 to 2030; Wilsonart Entered into a Partnership with Wurth Wood Group to Serve Customers in Southern Louisiana

The global countertop market size stood at USD 123.10 billion in 2022. The market value is slated to rise from USD 127.20 billion in 2023 to USD 167.66 billion by 2030 at a CAGR of 4.0% during 2023-2030. The market growth is propelled by increasing product usage for various applications depending on aesthetics, durability, functionality, and needs. Besides, there has been a rise in demand for modern worktops across the construction sector considering the latest advancements in technology.

Fortune Business Insights™ presents this information in its report titled “Countertop Market Size, Share & COVID-19 Impact Analysis, By Material Type (Natural Stone, Engineered Stone, Concrete, Solid Surfaces, Plastic Laminate, Ceramic, and Wood), By Construction Activity (New Construction and Renovation), By Application (Kitchen, Bathroom, and Others), By End User (Residential and Commercial), and Regional Forecast, 2023-2030”.

Halt on Construction Activities Affected Market Growth during Coronavirus Pandemic

The COVID-19 pandemic led to a halt on construction activities considering the disruption of raw materials and lack of human labor. The enforcement of lockdown restrictions led to a halt on mining, fabrication, and construction sectors. The situation also led to major players’ losses, which affected their net sales.

Wilsonart Enters into Partnership with Wurth Wood Group for Serving the Southern Louisiana Market

In July 2022, world-leading engineered surfaces company Wilsonart selected Wurth Wood Group as the new exclusive wholesale distributor for Wilsonart Engineered Surfaces in the market of southern Louisiana. The partnership will position Wurth Wood Group as Wilsonart Products’ sole distributor in the market.

Wurth Wood Group presently distributes Wilsonart products throughout the Southeastern and Mid-Atlantic states.

To get a detailed report summary and research scope of this market, click here:

https://www.fortunebusinessinsights.com/industry-reports/countertop-market-101539

Rise in Market Value Owing to Growing Durable Laminate Countertop Demand

One of the major factors propelling the countertop market growth is the surging demand for durable laminate countertops. This rise is on account of the soaring popularity of aesthetic cabinetry materials.

However, high costs are involved in the purchase of natural stone. This could hamper industry expansion to some extent.

Major Players Formulate Strategic Deals to Expand Geographical Footprint

Leading countertop participants are undertaking a range of strategies for strengthening their industry positions. Many companies are focusing on collaborations, partnerships, and merger agreements. Some of the other initiatives include an upsurge in R&D activities and the formation of alliances.

Key Players

• ARISTECH SURFACES LLC (U.S.)


• Caesarstone (U.S.)


• DuPont de Nemours, Inc. (U.S.)


• Formica Group (U.S.)


• Masco Corporation (U.S.)


• Panolam Industries International Inc (U.S.)


• Silestone (U.S.)


• STRASSER Steine GmbH (Austria)


• Vicostone (Vietnam)


• Wilsonart LLC. (U.S.)

Notable Industry Development

• January 2023 – Caesarstone rolled out its multi-material surfaces portfolio. Under the move, the company’s quartz and outdoor quartz portfolio would comprise porcelain and natural stone.

Further Report Findings

• Rising urbanization and commercialization in emerging economies, such as China, India, and Japan, are expected to propel market growth in Asia Pacific over the study period. The countertop market share in the region is estimated to expand at a substantial pace over the analysis period.


• The markets in Europe, Latin America, and the Middle East & Africa are expected to grow at a steady rate throughout the projected period. This is on account of the rising focus of cabinetry manufacturers in establishing their presence in the region.


• Based on material type, the market is segmented into natural stone, engineered stone, ceramic, concrete, wood, and plastic laminate. The natural stone segment is poised to register lucrative expansion over the coming years.


• By construction activity, the market is bifurcated into new construction and renovation. The new construction segment accounted for a dominating share in the market and is expected to register appreciable growth throughout the projected period. The growth is driven by the rising government spending on the construction of new residential and commercial buildings.

Table of Segmentation