CLEVELAND, OH â
Continuing growth in new housing completions, rising improvement and repair expenditures, an expanding average kitchen floor space in new residential structures and a greater penetration of countertops in bathrooms will spur further sales gains, according to Residential Kitchen & Bathroom Countertops in China, a new study from The Freedonia Group Inc., a Cleveland-based industry research firm. The study says that demand for residential kitchen and bathroom countertops in China is forecast to increase 4.6 percent annually to more than 82 million square meters in 2012.
The study also found that:
â Solid surface countertops have seen remarkable sales growth since their introduction to the Chinese marketplace in the early 2000s, and now account for 48% of the overall residential countertop market. Gains will be spurred by the materialâs durability, renewability, attractive appearance and minimal maintenance requirements, as well as its expanding availability.
â Kitchen countertops will remain dominant over bathroom applications. With advances being supported by the increasing average size of kitchens and further penetration of countertops in rural housing.
â New demand will account for 70% of residential countertop demand in
China in 2012, resulting from increases in new housing completions, and growth in the average size of kitchens and bathrooms in new structures.
Residential Kitchen & Bathroom Countertops in China is available for $5,100 from The Freedonia Group Inc., 767 Beta Drive, Cleveland, OH 44143-2326. For further details, contact Corinne Gangloff by phone (440) 684-9600, fax (440) 646-0484 or e-mail firstname.lastname@example.org. Information may also be obtained through www.freedoniagroup.com.
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