CLEVELAND -- Demand for residential kitchen and bath countertops in China is forecasted to increase 7.3% annually to 92.2 million square meters in 2010, valued at Â¥26.7 billion, according to a new study from The Freedonia Group. The rise is attributed to continued strong growth in new housing completions and kitchen and bath remodeling expenditures, as well as ongoing trends toward larger kitchens and more bathrooms in new construction.
Other noticeable trends included a significant rise in the use of solid surface materials, from 3% of all newly installed countertops in 2000, to a projection of nearly 50% by 2010, due to declining prices and material attributes, and a projected growth in demand for countertops in the remodeling market of more than 10% per year through 2010. For more information on The Freedonia Group and its studies, visit www.freedoniagroup.com.
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