(MENAFN – Comserve) Shibuya-ku, Tokyo, Japan, Japan, Apr 26, 2021, 04:04 /Comserve / — The report analyze market size, share, growth, trends, segmentation, top key players, strategies, demand, statistics, competitive landscape and forecast.
“The market for marble is expected to grow at a CAGR of approximately 4% globally during the forecast period. Marble is a metamorphic rock that forms when limestone is subjected to the heat and pressure of metamorphism. It is composed primarily of the mineral calcite (CaCO3) and usually contains other minerals such as clay minerals, micas, quartz, pyrite, iron oxides, and graphite. Under the conditions of metamorphism, the calcite in the limestone recrystallizes to form a rock that is a mass of interlocking calcite crystals. The growing consumption of batteries and increasing use of the marbles as industrial catalysts and solvents have been driving the market growth.
However, the hazard related to marble dust is abrasive and causes irritation to the skin and the outbreak of coronavirus across the globe is likely to hinder the growth of the studied market.
The increasing use of marble slabs and powder is likely to provide opportunities for the marble market over the next five years.
Asia-Pacific dominated the market across the globe with the largest consumption from countries such as China and India.
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Key Market Trends
Building and Construction Segment to Dominate the Market
– Building and Construction segment stands to be the dominating segment owing to the growing application of marble in the building and construction industry.
– Marble is used as a decorative purpose in the construction owing to its esthetics such as beauty and sculpture and increasing consumer preference towards the interior decoration of the housing structure is providing a boost to the global marble market.
– Various application of marble as kitchen worktops, bathroom countertops vanity tops, and other applications that require beautiful and long-lasting surfaces, e.g. flooring and wall claddings are anticipated to boost the market growth.
– Marbles have been a choice of material for architects for building religious structures, historical monuments, and hotels. Also, marbles with exotic designs have been quarried in numerous European countries, most notably in Italy and Spain.
– Major consumption of marble is found in countries like USA, India and China and ASEAN Countries. The global marble production value is expected to increase to USD 64 billion in 2023, from USD 52 billion in 2016.
– All the aforementioned factors are expected to drive the marble market during the forecast period.
Asia-Pacific Region to Dominate the Market
– Asia-Pacific market is expected to be the fastest-growing market over the forecast period owing to increasing government investment in infrastructural development in the region over the forecast period.
– Rising demand for marble for use in several applications such as pavements, stairs, external walls, and floor coverings, coupled with rapid growth in the construction sector in developing countries like China and India are expected to boost the growth of the global marble market during the forecast period.
– The Asia-Pacific construction sector is the largest in the world, and is increasing at a healthy rate, owing to the rising population, increase in middle-class income and urbanization.
– In India, the demand for commercial spaces also increased in the country throughout 2018, and has continued to rise through 2019. The demand for commercial spaces is expected to see a double-digit growth in the coming years.
– In 2019, China construction industry is expected to rise by almost 6%. Real estate investment, which includes investments in the residential and commercial sector and office spaces. The robust investment in the property sector was supported by the steady housing prices and an increase in property construction.
– In countries, such as Vietnam and Cambodia, the demand for high-rise buildings and apartments in urban areas is increasing, all of which is expected to have a positive effect on the growing marble market in the region.
– Hence, all such market trends are expected to drive the demand for marble market in the region during the forecast period.
Competitive Landscape
The global marble market is fragmented in nature with a few major players and large number of small players in the market. Some of the major companies are Vetter Stone, Indiana Limestone Company (A Polycor Inc. Company), Antolini Luigi & C. S.p.a., Temmer Marble., and Levantina y Asociados de Minerales, S.A. amongst others.
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– The market estimate (ME) sheet in Excel format
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1 INTRODUCTION
1.1 Study Assumptions
1.2 Scope of the Study
2 RESEARCH METHODOLOGY
3 EXECUTIVE SUMMARY
4 MARKET DYNAMICS
4.1 Drivers
4.1.1 Rising Building and Construction Industry
4.1.2 Other Drivers
4.2 Restraints
4.2.1 Health Hazard Related to Marble Dust
4.2.2 Unfavorable Conditions Arising Due to COVID-19 Outbreak
4.3 Industry Value Chain Analysis
4.4 Porters Five Forces Analysis
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Bargaining Power of Suppliers
4.4.4 Threat of Substitute Products
4.4.5 Degree of Competition
5 MARKET SEGMENTATION
5.1 Color
5.1.1 White
5.1.2 Black
5.1.3 Yellow
5.1.4 Red
5.1.5 Others
5.2 Application
5.2.1 Building and Construction
5.2.2 Decorative Infrastructure
5.2.3 Statues and Monuments
5.2.4 Furniture
5.2.5 Others
5.3 Geography
5.3.1 Asia-Pacific
5.3.1.1 China
5.3.1.2 India
5.3.1.3 Japan
5.3.1.4 South Korea
5.3.1.5 Rest of Asia-Pacific
5.3.2 North America
5.3.2.1 United States
5.3.2.2 Canada
5.3.2.3 Mexico
5.3.3 Europe
5.3.3.1 Germany
5.3.3.2 United Kingdom
5.3.3.3 France
5.3.3.4 Italy
5.3.3.5 Rest of Europe
5.3.4 South America
5.3.4.1 Brazil
5.3.4.2 Argentina
5.3.4.3 Rest of South America
5.3.5 Middle-East and Africa
5.3.5.1 Saudi Arabia
5.3.5.2 South Africa
5.3.5.3 Rest of Middle-East and Africa
6 COMPETITIVE LANDSCAPE
6.1 Mergers and Acquisitions, Joint Ventures, Collaborations, and Agreements
6.2 Market Share (%)/Ranking Analysis**
6.3 Strategies Adopted by Leading Players
6.4 Company Profiles
6.4.1 Antolini Luigi & C. S.p.a.
6.4.2 BC Marble Products Ltd
6.4.3 Daltile.
6.4.4 Dimpomar
6.4.5 Fox Marble
6.4.6 Hilltop
6.4.7 Indiana Limestone Company (A Polycor Inc. Company)
6.4.8 Levantina y Asociados de Minerales, S.A.
6.4.9 Mumal Marble
6.4.10 Şimşekler Mermer
6.4.11 Tekmar
6.4.12 Temmer Marble.
6.4.13 TOPALIDIS S.A
6.4.14 Vetter Stone
6.4.15 XISHI GROUP LTD.
7 MARKET OPPORTUNITIES AND FUTURE TRENDS
7.1 Increasing Use of Marble Slabs and Powder
7.2 Other Opportunities”
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