Marble Market worth $16 billion by 2025
Rising demand for infrastructure development in developing economies and growth of construction industry in Asia Pacific region is a major driving factor for the growth of the marble market.
(EMAILWIRE.COM, June 06, 2022 ) The report "Marble Market by Color (White, Black, Yellow, Red, And Others), Application (Building & Construction, Statues & Monuments, Furniture), And Region (North America, Europe, Asia Pacific, Middle East & Africa, South America) - Global Forecast To 2025", The marble market in 2020 is estimated at USD 13 billion and is projected to reach USD 16 billion by 2025, at a CAGR of 3.6% from 2020 to 2025. Growth of the construction industry, leading to high demand for building materials such as marble has been the major reasons for the growth of the marble market. The growing demand for marble from applications such as building & construction, statues and monuments, and furniture is expected to drive the marble market. Outbreak of COVID-19 has led to halt in mining operation of marble in the first half of 2020. However, mining and processing operations are expected to resume from the second half of 2020.
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Based on color, the marble market has been segmented into white, black, yellow, red, and other coloured marbles such as pink, grey, and brown. A variety of white marbles are most widely used in the construction of decorative or architectural infrastructures and sculptures. White marbles are majorly the facing stone in exterior applications- flooring, walls, and columns. Other bright colored marbles such as yellow, beige, grey and pink are used in applications such as decorative, architectural, and furniture among others. Dark shades of marbles such as black, brown, and red are used in the interiors applications in residential, commercial, and industrial infrastructures, such as flooring, walls, countertops, and tables.
Based on applications, the marble market has been segmented into building & construction, statues and monuments, furniture, and others that include cemetery marker, public infrastructure, and crockeries. The building & construction segment is expected to be the fastest-growing application segment of the marble market during the forecast period. Rising demand for residential and commercial infrastructure development in developing countries is fuelling the growth of building & construction application. Amid the COVID-19 outbreak, the construction industry is impacted that has led to a temporary halt in the business operations of construction industry. This factor has impacted the consumption of marble in the first half of 2020.
Don't miss out on business opportunities in Marble Market. Speak to Our Analyst and gain crucial industry insights that will help your business grow. https://www.marketsandmarkets.com/speaktoanalystNew.asp?id=171656227
Browse in-depth TOC on the "Marble Market”
134 - Market Data Tables
28 - Figures
140 - Pages
Based on region, the marble market is segregated into five regions, namely, North America, Europe, Asia Pacific, Middle East & Africa, and South Africa. Among these, the European region is expected to lead the marble market during the forecast period. The region has large consumer base across the application areas, especially in building & construction. Also, the region has a large cluster of marble maufacturers. Key players are adopting organic and inorganic strategies to sustain their market share. The marble market in the Asia Pacific region is projected to grow at the highest CAGR between 2020 and 2025. China and India together accounted for the major share of the Asia Pacific marble market in 2019. This can be attributed to the increasing demand for marble from the region’s construction industry.
Key market players covered in this report includes 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) among others.
Get Sample Pages of This Report @ https://www.marketsandmarkets.com/requestsampleNew.asp?id=171656227
About MarketsandMarkets™
MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.
Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the “Growth Engagement Model – GEM”. The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write “Attack, avoid and defend” strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.
MarketsandMarkets’s flagship competitive intelligence and market research platform, “Knowledge Store” connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.
Download PDF brochure of the Report @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=171656227
Based on color, the marble market has been segmented into white, black, yellow, red, and other coloured marbles such as pink, grey, and brown. A variety of white marbles are most widely used in the construction of decorative or architectural infrastructures and sculptures. White marbles are majorly the facing stone in exterior applications- flooring, walls, and columns. Other bright colored marbles such as yellow, beige, grey and pink are used in applications such as decorative, architectural, and furniture among others. Dark shades of marbles such as black, brown, and red are used in the interiors applications in residential, commercial, and industrial infrastructures, such as flooring, walls, countertops, and tables.
Based on applications, the marble market has been segmented into building & construction, statues and monuments, furniture, and others that include cemetery marker, public infrastructure, and crockeries. The building & construction segment is expected to be the fastest-growing application segment of the marble market during the forecast period. Rising demand for residential and commercial infrastructure development in developing countries is fuelling the growth of building & construction application. Amid the COVID-19 outbreak, the construction industry is impacted that has led to a temporary halt in the business operations of construction industry. This factor has impacted the consumption of marble in the first half of 2020.
Don't miss out on business opportunities in Marble Market. Speak to Our Analyst and gain crucial industry insights that will help your business grow. https://www.marketsandmarkets.com/speaktoanalystNew.asp?id=171656227
Browse in-depth TOC on the "Marble Market”
134 - Market Data Tables
28 - Figures
140 - Pages
Based on region, the marble market is segregated into five regions, namely, North America, Europe, Asia Pacific, Middle East & Africa, and South Africa. Among these, the European region is expected to lead the marble market during the forecast period. The region has large consumer base across the application areas, especially in building & construction. Also, the region has a large cluster of marble maufacturers. Key players are adopting organic and inorganic strategies to sustain their market share. The marble market in the Asia Pacific region is projected to grow at the highest CAGR between 2020 and 2025. China and India together accounted for the major share of the Asia Pacific marble market in 2019. This can be attributed to the increasing demand for marble from the region’s construction industry.
Key market players covered in this report includes 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) among others.
Get Sample Pages of This Report @ https://www.marketsandmarkets.com/requestsampleNew.asp?id=171656227
About MarketsandMarkets™
MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.
Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the “Growth Engagement Model – GEM”. The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write “Attack, avoid and defend” strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.
MarketsandMarkets’s flagship competitive intelligence and market research platform, “Knowledge Store” connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.
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MarketsandMarkets™
Mr. Aashish Mehra
Tel: 1-888-600-6441
Email us
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MarketsandMarkets™
Mr. Aashish Mehra
Tel: 1-888-600-6441
Email us
----
This press release is posted on EmailWire.com -- a global newswire that provides Press Release Distribution Services with Guaranteed Results