Abstract
Demand to grow 7.3% annually through 2010
Demand for residential kitchen and bath countertops in China is forecast to increase 7.3 percent annually to 92.2 million square meters in 2010, valued at ¥26.7 billion. Advances will be driven by continued strong growth in new housing completions and kitchen and bath remodeling expenditures. The ongoing trend toward larger kitchens and more bathrooms in new construction will further contribute to gains.
Solid surface, engineered stone to grow the fastest
The big story in the countertop industry has been the meteoric rise of solid surface as the material of choice in China. In 2000, solid surface materials represented only three percent of all newly installed residential countertops. By 2010, demand for solid surface countertops will exceed 45 million square meters, accounting for nearly half the total. Gains for solid surface countertops will be fueled by declining prices coupled with the material' s durability, renewability, attractive appearance and minimal maintenance. Demand for engineered stone, another newly introduced and fast growing countertop material, will grow to 2.7 million square meters in 2010, valued at ¥2.2 billion. Although still a relatively expensive material, prices for engineered stone are dropping quickly, making it attractive to many Chinese consumers. Other major material segments are expected to experience sluggish growth. In volume terms, natural stone, the second largest segment, will advance less than two percent per year and laminates will grow less than three percent per year. Demand for tile will remain flat at 14 million square meters. All of these materials will lose market share to the more popular solid surface and engineered stone materials.
Table of Contents
INTRODUCTION
I. EXECUTIVE SUMMARY
II. MARKET ENVIRONMENT
- General
- Macroeconomic Environment
- Demographic Overview
- Population
- Urbanization
- Households
- Residential Building Construction
- New Housing Units
- Single-Family
- Multiple Family
- Improvements & Repairs
- Housing Stock
- Living Space
- New Housing Units
- Consumer Trends
- Personal Income & Expenditures
- Consumer Financing
- Regulatory Considerations
- Pricing Trends
- World Market
- Asia/Pacific
- North America
- Western Europe
- Rest of World
- Foreign Trade
III. SURFACE MATERIALS
- General
- Value Outlook
- Volume Outlook
- Installation Costs
- Solid Surface
- Characteristics
- Suppliers & Fabricators
- Natural Stone
- Granite
- Marble & Others
- Tile
- Porcelain
- Ceramic & Other
- Laminates
- Characteristics
- Suppliers & Fabricators
- Engineered Stone
- Characteristics
- Suppliers & Fabricators
- Other Materials
- Stainless Steel
- Fiberglass
- Wood
- Other
IV. PRODUCTS
- General
- Value Outlook
- Volume Outlook
- Kitchen Countertops
- New Housing
- Remodeling
- Bathroom Countertops
- New Housing
- Remodeling
V. MARKETS
- General
- New Construction
- Single Family
- Multiple Family
- Remodeling
- Single Family
- Multiple Family
VI. REGIONAL TRENDS
- General
- Regional Demographic & Economic Trends
- Population Patterns
- Economic Outlook
- Residential Construction Expenditures
- Consumer Trends
- Regional Demand for Countertops
- Central-North
- Overview
- Countertop Demand
- Northeast
- Overview
- Countertop Demand
- Central-East
- Overview
- Countertop Demand
- Central-South
- Overview
- Countertop Demand
- Southwest
- Overview
- Countertop Demand
- Northwest
- Overview
- Countertop Demand
- Central-North
VII. INDUSTRY STRUCTURE
- General
- Industry Composition & Market Share
- Solid Surface
- Natural Stone
- Tile
- Laminates
- Engineered Stone
- Other
- Competitive Strategies
- Research & Development
- Manufacturing
- Distribution
- Marketing
- Mergers & Acquisition
- Cooperative Agreements
- Foreign Participation in China
- Legal & Regulatory Issues
- Wholly Owned Foreign Enterprises
- Joint Venture
- Representative Offices
- COMPANY PROFILES
- Beijing Kebao & Boloni Kitchen & Bathroom Furniture Company Limited
- Beijing Kangjie Home Furniture Company Limited
- Best Cheer Stone Group Holding Company
- Cheil Industries Incorporated
- Cosentino SA
- DuPont (EI) de Nemours
- Eagle Brand Holdings Limited
- Formica Corporation
- Foshan Shunde Bestone Artificial Stone Products Company Limited
- Fritz Egger GmbH & Company
- Fuyun Compound Stone Company Limited
- Guangdong Dongpeng Ceramic Company Limited
- Guangdong Fotao Group Corporation Limited
- Guangdong Newpearl Ceramics Group
- Guangzhou Panyu Huaxun Industry Company Limited
- Guangzhou Relang Industrial Company Limited
- Guangzhou Sunmoon Appliances Decoration Material Company Limited
- GZ European Kitchen Enterprise Company Limited
- Haier Group Company
- Illinois Tool Works Incorporated
- Jilin Forest Industry Company Limited
- Jinjiang Huabao Stone Company Limited
- Kangli Stone Group
- Kuraray Company Limited
- LG Chem Limited
- Linfair Garostone Company Limited
- New Zhong Yuan Ceramics Company Limited
- Opal Industrial Company Limited
- Rongguan Glass Material for Building Company Limited
- Samsung Chemical Material Trading Shanghai Company Limited, see Cheil Industries Incorporated
- Shandong Guanlu Building Materials Industry Group
- Shanghai Formica Decorative Material Company Limited, see Formica Corporation
- Shanghai Jiashi Wood Company Limited
- Taxing Group
- Universal Marble & Granite Group Limited
- Wilsonart Shanghai Company Limited, see Illinois Tool Works Incorporated
- Wuxi Meganite Building Material Company Limited
- Xiamen Prime Stone Company Limited
- Xiamen Wanli Stone Products Company Limited
- Xinjiang Guanghui Industry Company Limited
- Xishi Group Development Company Limited
- Other Companies Mentioned in Study
