Marble Market Scope
The marble market refers to the industry that produces and sells marble, a type of natural stone that is widely used in construction, architecture, and interior design. The market scope includes various types of marble, such as Italian marble, Indian marble, and Chinese marble, as well as marble products, such as slabs, tiles, and sculptures. Marble has emerged as a suitable raw material in different application areas such as interior decoration, since they are available in different colors (black, grey, red, and cream), and improve the aesthetics of any space. They are mainly composed of calcite and contain other minerals, such as quartz, clay, and mica, in varying quantities. The Marble Market USD 13 billion in 2020 and is projected to reach USD 16 billion by 2025, at a CAGR of 3.6% from 2020 to 2025. According to our researchers, the market is anticipated to observe widespread growth owing to the surging demand from residential segment.
Marble Market Drivers and Restraints
Marble market drivers include increasing construction and renovation activities, growing tourism industry, and rising demand for marble in flooring and countertop applications. Restraints of the marble market include high cost of mining and transportation, environmental concerns and regulations, and alternative materials such as granite, quartz, and engineered stone. Additionally, fluctuation in raw material prices, and economic downturns can also impact the market negatively.
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Marble Market Key Points:
- Define, describe, and forecast marble market by color, application and region.
- Provide enterprise external environment analysis and SWOT analysis.
- Provide strategies for company to deal with the impact of COVID-19.
- Provide market dynamic analysis, including market driving factors, market development constraints.
- Provide market entry strategy analysis for new players or players who are ready to enter the market, including market segment definition, client analysis, distribution model, product messaging and positioning, and price strategy analysis.
- Keep up with international market trends and provide analysis of the impact of the COVID-19 epidemic on major regions of the world.
- Analyse the market opportunities of stakeholders and provide market leaders with details of the competitive landscape.
Marble Market Key Players
Levantina y Asociados de Minerales, S.A. (Spain), Temmer Marble (Turkey), Hellenic Granite Company (Greece), Fox Marble Holdings plc (UK), California Crafted Marble, Inc. (US), Topalidis S.A. (Greece), Dimpomar - Rochas Portuguesas Lda (Portugal), Polycor Inc. (Canada), Asian Granito India Limited (India), NAMCO CO. srl (Italy), Dal-Tile Corporation (US), Kangli Stone Group (China), Hilltop Granites (India), First Marble & Granite (Qatar), Santucci Group (Italy), Classic Marble Company (India), and DELTA Marble, Mining, Construction Import and Export Inc. (Turkey)
Marble Market Segmentation
On the basis of color
- White
- Black
- Yellow
- Red
- Others (Pink, Brown, and Grey)
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White segment is estimated to witness fastest growth in the marble market, during the foreast period
Based on color, the white segment is estimated to witness highest growth in the marble market during the forecast period. White marble is highly suitable for structures that require luxurious and aesthetical appeal owing to its wide range of shades, textures, and patterns.
On the basis of application
- Building & Construction
- Statues and Monuments
- Furniture
- Others (Cemetery Markers, Public Infrastructure, and Crockeries)
Building & construction segment accounts for the largest share of the marble market
The building & construction segment is estimated to lead the marble market in 2020 in terms of value, due to the rising demand for residential and commercial infrastructure. Marble is widely used building & construction application in flooring, wall, roofing, columns, and exteriors. In addition, marble is among the leading natural stones preferred for construction of residential and commercial buildings.
On the basis of region
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- South America
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Asia Pacific is expected to witness the fastest growth in the marble market during the forecast period
The marble market in the Asia Pacific region is projected to grow at the highest CAGR between 2020 and 2025. China, Japan, India, and South Korea are estimated to be the fastest growing markets in the region for marble during the forecast period. China and India were the largest consumers of marbles in the Asia Pacific region in 2019. Outbreak of COVID-19 from China and the impact of coronavirus in Japan, South Korea, Autralia, and India has caused a trivial decrease in the consumption of marbles. However, the consumption of marble is expected to resume from the second half of 2020.
Reasons for Buying this Report
- This report provides pin-point analysis for changing competitive dynamics.
- It provides a forward-looking perspective on different factors driving or restraining market growth
- It provides a six-year forecast assessed based on how the market is predicted to grow
- It helps in understanding the key product segments and their future
- It provides pinpoint analysis of changing competition dynamics and keeps you ahead of competitors
- It helps in making informed business decisions by having complete insights of market and by making in-depth analysis of market segments
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