Pune,5, Dec 2022: According to Maximize Market Research, Marble Market size was valued at USD 18.5 Bn. in 2021 and the total Marble Market revenue is expected to grow at 5.5 % from 2022 to 2029, reaching nearly USD 28.4 Bn. the rapid growth in the construction industry is expected to drive the demand for marble across the world.
Marble Market Scope and Research Methodology
In order to evaluate and forecast the Marble Market, MMR first collected information on the revenues of the major players. Vendors’ products are evaluated using the following parameters to segment the market: by Color (White, Black, Yellow, Red, Others) Product (Tiles Slabs , Blocks) Application (Building and Decoration, Statues and Monuments, Furniture, Others). Later, in order to corroborate these divisions through primary research, in-depth interviews with prominent individuals, including chief executive officers (CEOs), vice presidents (VPs), directors, and executives, were undertaken. Market size is determined by using the bottom-up technique. Primary and secondary research is carried out to identify the major market participants in the marble sector and to calculate their market revenues. Instead of using secondary research, a primary research strategy was used, which involved reading the annual and financial reports of the major manufacturers and speaking with prominent opinion and business leaders in the field, such as CEOs and marketing executives Levantina y Asociados de Minerales, S.A., Temmer Marble, Tekma
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Marble Market Overview
Marble is unmatched in grandeur, having a solid structure, and exquisite polish. It is projected that the rising popularity of slabs and powder would create new opportunities for the construction sector. Marble is utilised for decorative purposes in buildings because of its aesthetics, such as beauty and sculpting, and growing consumer demand for interior designing of dwelling structures. Marble powder is used to improve the physical properties of structural blocks, and its increasing use in a variety of applications—including vanity tops, bathroom countertops, and kitchen worktops—is anticipated to increase demand for the material internationally. The product is used by a variety of architects to build hotels, historical landmarks, and religious constructions.
Marble Market Dynamics
Over the forecast period, easy and wide availability is a key driver fuelling the rise of the worldwide marble market’s revenue. It is now possible to meet the expanding demand from the residential, industrial, and commercial building industries because to the availability of high-quality materials on a global scale. Each nation has sizable quarries, which produces abundant availability and effective logistics for subsequent processing. Open-pit mines of various sizes, from small to very large, are used to extract marble. An additional element that is anticipated to favourably influence market growth between 2022 and 2029 is rising mining industry investments. The availability of affordable alternatives like real stones is a significant factor anticipated to hinder the expansion of the global marble market’s revenue. Because they are relatively inexpensive, they are frequently utilised in place of marble in the construction sector. As a more affordable option, granite is frequently used in the construction of residential and commercial infrastructure.
Marble Market Segmentation
by Color
- White
- Black
- Yellow
- Red
- Others
by Product
- Tiles Slabs
- Blocks
by Application
- Building and Decoration
- Statues and Monuments
- Furniture
- Others
Based on Application, The Building and Decoration segment is expected to grow at the highest CAGR during the forecast period. In the architecture and construction sector, marble is frequently employed for structural and adornment reasons, including in outdoor sculptures, walls, veneers, floors, ornamental elements, stairways, and pathways. Marble is used in novelty products, interior, and external paving, fireplace facing and hearths, and interior and exterior wall cladding. Different types of marble are mostly utilized for flooring and vertical wall covering in interior and external spaces. With funeral art making up the majority of their use, their use as masonry, statues, epitaphs, cemeteries, etc. is quantitatively less common. Aside from being utilized for outdoor sculptures, marble is also frequently used for walls, veneers, floors, ornamental features, stairways, and walkways.
Marble Market Key Competitors:
- Levantina Asociados de Minerales, S.A.
- Temmer Marble
- Tekma
- Pakistan Onyx Marble
- Dimpomar
- Mumal Marbles
- Can Simsekler Construction
- Mármoles Marín S.A.
- Aurangzeb Marble Industry
- Etgran
- Amso International
- Universal Mrble & Granite
- Best Cheer Stone Group
- Fujian Fengshan Stone Group
- Xiamen Wanlistone stock
- Kangli Stone Group
- Hongfa
- Xishi Group
- Jin Long Run Yu
- Xinpengfei Industry
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Key questions answered in the Marble Market are:
- What is a Marble?
- What is the growth rate of the Marble Market over the forecast period?
- What is the nature of competition in the Marble industry in developed economies and developing economies?
- Who are the key players in the Marble Market?
- Who are the market leaders in Marbles in Europe?
- Who are the market leaders in Marbles in USA and Canada?
- Who are the market leaders in Marbles in India, China, Japan, and South Korea?
- What are the factors affecting growth in the Marble Market?
- Who held the largest market share in the Marble Market?
Maximize Market Research is leading Consumer Goods & Services research firm, has also published the following reports:
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