Marble is a natural stone that is used for construction, sculpture, and decoration. The global marble market has been growing steadily over the years, driven by increasing demand from the construction industry. Marble is widely used in the construction of commercial and residential buildings, as well as in the development of infrastructure such as roads, bridges, and tunnels.
According to a report by marketsandmarkets, The marble market is estimated at 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. In the Study, you will find new evolving marble market trends, drivers, restraints, opportunities generated by targeting market-associated stakeholders.
Browse and in-depth TOC on "Marble Market"
134 - Market Data Tables
28 - Figures
140 - Pages
The demand for marble is expected to continue to rise due to the growth in the construction industry, particularly in emerging markets such as China, India, and Brazil. Additionally, the increasing popularity of marble in interior design and luxury goods is also contributing to the growth of the market.
However, the marble market also faces challenges such as high competition from alternative materials and environmental concerns related to the mining and processing of natural stone. The market is also affected by fluctuations in the global economy, which can impact construction activity and demand for marble.
Download PDF Brochure: https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=171656227
Marble Market Top Trending Key Players
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.
"Building construction segment accounts for the largest share of the marble market"
The growth of the construction industry in developing economies, along with the increasing demand for sustainable and eco-friendly building materials, has contributed to the growth of the marble market in the building and construction segment. Additionally, the growing popularity of luxury homes and high-end commercial buildings has also driven demand for high-quality marble.
"White segment is estimated to witness fastest growth in the marble market"
White marble is highly valued for its aesthetic appeal, elegance, and versatility, and it is widely used in various applications such as flooring, countertops, walls, and sculptures. The growing demand for luxury homes and high-end commercial buildings, along with the increasing use of marble in interior design, is expected to drive the growth of the white marble segment. The increasing demand for eco-friendly and sustainable building materials is also expected to boost the growth of the white marble market, as white marble is a natural and renewable resource.
"Asia Pacific is expected to witness the fastest growth in the marble market"
The growth of the marble market in the Asia Pacific region is driven by the rapid urbanization, rising population, and increasing construction activities in countries such as China, India, and Indonesia. These countries are investing heavily in infrastructure development and building projects, which is driving demand for marble in the region.
The growing popularity of luxury homes and high-end commercial buildings in the region is also expected to contribute to the growth of the marble market. Moreover, the increasing awareness about the benefits of using natural and sustainable building materials is also expected to boost the demand for marble in the region.