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. Marble is metamorphosed limestone, which are composed of recrystallized carbonate minerals such as calcite or dolomite. Marble has physical properties such as strength, hardness, variation in color, texture, and pattern among others, which makes it highly suitable for luxurious and aesthetical application in construction industry. Hence, 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.
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Marble is a very common natural stone composed of calcite mineral. Marble quarries are widely available across the world. There are huge and high-quality quarries of marble in countries such as the US, Italy, Turkey, and Spain, which meet the global demand for good quality marble for residential, industrial, and commercial infrastructures. In each country, there are huge marble quarries that lead to easy availability and logistics of marble for further processing into the final product. Marble is extracted from open-pit mines that range from small to very large scale. Marble mining is a capital-intensive process, and due to the availability of a large number of quarries around the world, the cost of transportation and logistics are minimized.
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. Construction is among the hard hit industries due to COVID-19 pandemic outbreak. However, the building & construction segment is expected to witness growth from second half of 2020 in commercial and residential applications such as hospitals and township apartments.
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.
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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.
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Global Marble Market was valued US$ 51.20 Bn in 2017 and is expected to reach US$ 65.80 Bn by 2026, at a CAGR of 3.02 % during a forecast period.
Marble is a stone, which is preferred decorative purposes thanks to its mind blowing color and lustrous finish.
Marble has low liability to water damage, but may decline in acidic atmosphere.
Marble is often concomitant with luxury and extravagance thanks to employing for decoration purposes in various immoderate buildings and memorials such as hotels, theatres, temples, churches, dedicatory buildings, and tombs.
Marble is preferred for ground form as a calcium supplement to farm animals, soft scratchy material for crushing application.
It is the best solution for the manufacture of antacid and acid-neutralizer and soil enhancer.
Global Synthetic Marble Market by Manufacturers, Countries, Type and Application, Forecast to 2023 Report “ Provides In-Depth Analysis Of Parent Market Trends, Macro-Economic Indicators And Governing Factors Along With Market Attractiveness As Per Segments.Introduction:Synthetic Marble is crushed marble particles mixed with polyester reins that form a surface that is sealed with a gel coat and is sanitary and virtually impervious to stains and water.
And we statistic synthetic marble raw materials in this report Scope of the Global Synthetic Marble Market ReportThis report focuses on the Synthetic Marble in global market, especially in North America, Europe and Asia-Pacific, South America, Middle East and Africa.
This report categorizes the market based on manufacturers, regions, type and application.Request a Sample of this Report @ http://www.orbisresearch.com/contacts/request-sample/2191996 The worldwide market for Synthetic Marble is expected to grow at a CAGR of roughly 9.3% over the next five years, will reach 12100 million US$ in 2023, from 7080 million US$ in 2017, according to a new GIR (Global Info Research) study.Top-down and bottom-up approaches are used to validate the global Synthetic Marble market size market and estimate the market size for manufacturers, regions segments, product segments and applications (end users).
The regional splits of the overall Synthetic Marble market and its sub-segments are based on the percentage adoption or utilization of the given product in the respective region or country.
Browse the Full Report @ http://www.orbisresearch.com/reports/index/global-synthetic-marble-market-by-manufacturers-regions-type-and-application-forecast-to-2023 This report covers Analysis of Global Synthetic Marble Market Segment by ManufacturersDuPont Staron(SAMSUNG) LG Hausys Kuraray Aristech Acrylics Durat MARMIL Hanex CXUN PengXiang Industry ChuanQi New SunShine Stone Leigei Stone GuangTaiXiang Wanfeng Compound Stone Relang Industrial Ordan Bitto Meyate Group Blowker Sunmoon OWELL XiShi GroupGlobal Synthetic Marble Market Segment by regional analysis covers North America (USA, Canada and Mexico) Europe (Germany, France, UK, Russia and Italy) Asia-Pacific (China, Japan, Korea, India and Southeast Asia) South America (Brazil, Argentina, Columbia etc.
) Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa) Make an enquiry before buying this report @ http://www.orbisresearch.com/contacts/enquiry-before-buying/2191996 Global Synthetic Marble Market Segment by TypeCement Synthetic Marble Polyester Synthetic Marble Composite Synthetic Marble Sintered Synthetic MarbleGlobal Synthetic Marble Market Segment by Applications, can be divided intoVanity Tops Bath Tubs Wall Panels Shower Stalls OtherSome of the Points cover in Global Synthetic Marble Market Research Report is:Chapter 1: Describe Synthetic Marble Industry Introduction,Product Scope,Market Overview,Market Opportunities,Market Risk,Market Driving ForceChapter 2: To analyze the top manufacturers of Synthetic Marble Industry in 2016 and 2017SalesRevenue and priceChapter 3: Competitive analysis among the top manufacturers in 2016 and 2017SalesRevenue and market shareChapter 4: Global Synthetic Marble Market by regions from 2013 to 2018SalesRevenue and market shareChapter 5, 6, 7 and 8: Global Synthetic Marble Market by key countries in these regionsSalesRevenue and market shareChapter 9 and 10: Global Synthetic Marble Market by type and application from 2013 to 2018SalesRevenue and market shareGrowth rateChapter 11:Synthetic Marble Industry Market forecast from 2018 to 2023RegionsType and application with sales and revenueChapter 12 and 13:Synthetic Marble Industry Sales channelDistributorsTraders and dealersAppendixData sourceAbout Us:Orbis Research (orbisresearch.com) is a single point aid for all your market research requirements.
There are in the market many types of marble flooring are available. But as we all stay those type of marble flooring choose. Here choose the best Marble flooring - care and maintenance.
