MarbleMarket: Introduction
TransparencyMarket Research delivers key insights on the globalmarble market. In terms of revenue, the global marble market isestimated to expand at a CAGR of ~6% during the forecast period, owing tonumerous factors, regarding which TMR offers thorough insights and forecasts inits report on the global marble market.
The global marblemarket is broadly affected by several factors, including rise in usage ofmarble in the building & construction sector. Thus, expanding applicationsof marble in different sectors are propelling the global marble market.
Marble Market: Dynamics
Marble is ametamorphic rock composed of recrystallized carbonate minerals, wherein calciteor dolomite are common constituents. Marble is considered one the highlypopular natural stones around the world. Marble slabs, tiles, and blocks areextensively used in construction of private and public buildings and decorativeartwork items.
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Marble isprimarily used as a finishing stone in the building & constructionindustry. It can be used either in a cladding structure or in supportingcolumns, flooring, bench-tops, and other decorative applications. Marble is adimensional stone that can be largely used in kitchen countertops, wallcladdings, and pavers.
Incomparison to many other natural stones, marble is highly durable and easy tocarve. This makes it a preferred option for new buildings as well as renovationprojects.
Marble isone of the most used precious stones in the building & constructionindustry. White marbles are valued for fine art sculptures, due to theirrelatively high isotropy and homogeneity; and resistance to shattering.Compared to alternative stones such as limestone, marble possesses much finergrains. This makes it easier for the sculptor to render minute details.
In the formof a slab, marble is used for a variety of purposes inside homes. A popularapplication of marble is fireplace construction. It not just boosts the decorof the living space, but also enhances the value of the property to a largeextent.
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Currently,the global construction industry holds about 13% share of theglobal GDP. This share is expected to increase to 15%by 2020. Countries projected to witness significant growth in the constructionindustry in the near future include China, India, Russia, Brazil, Poland, andthe U.S.
Marble Market: Prominent Regions
AsiaPacific dominated the global marble market with 30.7% sharein 2019. This trend is anticipated to continue during the forecast period.Increase in new construction and renovation activities in Asia Pacific isboosting the demand for marble in the region. The marble market in Europe isestimated to expand at a healthy CAGR during the forecast period due to growthin the art & craving industry in the region.
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Marble Market: Key Players
Key playersoperating in the global marble market are segmented into tier 1, tier 2, andtier 3. Tier 1 companies comprise major players such as Levantina y Asociadosde Minerales, S.A. and Polycor inc. These players have considerable presenceacross the globe. These companies accounted for 40% to 50%share of the global marble market in 2019.
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TransparencyMarket Research is a global market intelligence company, providing globalbusiness information reports and services. Our exclusive blend of quantitativeforecasting and trends analysis provides forward-looking insight for thousandsof decision makers. Our experienced team of Analysts, Researchers, andConsultants, use proprietary data sources and various tools and techniques togather, and analyze information.
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