by Corinne Gangloff
May 24, 2022
Cleveland OH, May 24, 2022 – In 2021, engineered stone surpassed laminate to become the most used countertop material in the US, marking the first time in decades that laminate was not the most popular countertop material, finds a new Freedonia Group analysis.
Going forward, engineered stone will continue to expand its market share to account for 36% of countertop demand in area terms, which growth stemming from trends of the last decade. The rapid increase in low-cost slabs from foreign markets – particularly China, India, Turkey, and Vietnam – made engineered stone countertops more affordable for middle-class homeowners. As prices for engineered stone decreased as color availability expanded, consumers became much more willing to purchase higher cost countertops and grew to strongly prefer the aesthetics and quality of engineered stone over laminates.
US Countertop Demand to Grow 4.4% Annually Through 2026
Through 2026, demand for countertops in the US is forecast to rise 4.4% per year to 1.1 billion square feet valued at $56.8 billion, boosted by:
Want to Learn More?
Now available from The Freedonia Group, Countertops presents historical data for 2011, 2016, and 2021 and forecasts for 2026 and 2031 in square feet and US dollars by surface material, market, and area of installation (i.e., room). Also provided are data on installation costs and pricing. Additionally, corporate analysis including market share is included.
The surface materials broken out are:
Countertop products by area of installation include:
The major market segments analyzed are:
Markets are also broken out by new and remodeling applications.
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