According to study, “World Marble Market Research Report 2024(Covering USA, Europe, China, Japan, SEA and India)” the key companies operating in the world marble market are Levantina,Vetter Stone, PolycorInc, Antolini, Topalidis S.A., Pakistan Onyx Marble, Temmer Marble, Dimpomar, Tekma, Mumal Marbles, Indiana Limestone Company, Marmoles Marin, S.A., Can Simsekler Construction, Amso International, Aurangzeb Marble Industry, Best Cheer Stone Group, Etgran, Universal Marble & Granite, Xiamen Wanlistone Stock, Fujian Fengshan Stone Group, Xishi Group, Kangli Stone Group, Xinpengfei Industry, Hongfa, Jinbo Construction Group, Jin Long Run Yu, Fujian Dongsheng Stone, Aristech Surfaces LLC, Hanex Solid Surfaces, E. I. du Pont de Nemours and Company, Krystal Stone Exports Ltd., Leigei Stone Co Ltd., Kuraray Co., Ltd, LG Hausys Ltd., OWELL, Marmil SA, Lotte Advanced Materials.
Marble is a metamorphic rock, forms when limestone is subjected to high heat or pressure. In its pure form, it is a white stone with a crystalline & sugary appearance, consisting of calcium carbonate (CaCO3).Generally, marble contains other minerals for instance quartz, pyrite, graphite, and iron oxides, which give marble a brown, gray, pink, green, or variegated coloration. It has low susceptibility to water damage, but may worsen in acidic atmosphere.Most marble is made into either dimension stone or crushed stone. Dimension stone is formed by sawing marble into pieces of particular dimensions, which are used in buildings, monuments, sculptures, paving and other projects. Additionally, crushed stone is used as a cumulative in railroad beds, highways, building foundations, and other types of construction.
Based on type, marble market is segmented into artificial marble (acrylic artificial marble, composite artificial marble, polyester artificial marble and sintered artificial marble) and natural marble. Artificial marble is cultured stone made by mixing resins and stone particles together while natural marble is obtained from quarries & open pit mines. Based on color, market is segmented into white marble,yellow marble, black marble,green marble, red marbleand others. Based on form, market is segmented into powders and slabs. Powder segment is used in various applications such as agriculture, pharmaceuticals, and abrasives. On the other hand, slab segment is a widely used form. These slabs are then shaped & molded into blocks and tiles for suitable applications. Based on application, market is segmented into flooring, kitchen top, counter tops, tub & shower stalls, wall panels,window sills, staircase and others (fireplace, furniture top, and elevator cab walls). In addition, based on end-use, market is segmented into construction, pharmaceutical, architecture, agriculture, and others.
The marble market is driven by rapid growth in construction industry owing to its esthetics for instance beauty and sculpture, followed by increase in number of residential complexes. However, high cost and lack of consolidation may impact the market.
Based on geography, Europe is one of the key manufacturers of pure marble in the world. Based on consumption, Europe and USA are the prime markets globally. In terms of consumption, the market in India & China countries are also expected to expand owing to rise in construction industries during the forecast period. In 2019, the marble market revenue value is US $12200 million, and it is anticipated that it will be reached at US $21000 million, by 2024.
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Ankur Gupta, Head Marketing & Communications