Overview and Scope
Marble is a metamorphic rock formed from limestone, and recrystallized carbonate minerals, most commonly calcite or dolomite.
Sizing and Forecast
The marble market size has grown rapidly in recent years. It will grow from $31.33 billion in 2023 to $34.8 billion in 2024 at a compound annual growth rate (CAGR) of 11.1%. The growth in the historic period can be attributed to architectural demand, global urbanization, international trade and export, preference for natural materials, cultural heritage preservation.
The marble market size is expected to see strong growth in the next few years. It will grow to $50.03 billion in 2028 at a compound annual growth rate (CAGR) of 9.5%. The growth in the forecast period can be attributed to sustainable quarrying practices, rising demand in emerging markets, increasing use in furniture and décor, infrastructure development, marble as a sustainable building material. Major trends in the forecast period include innovations in marble finishes, digital technologies in marble processing, customization and personalization in marble products, collaboration with designers and architects, digital marketing and online sales.
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Segmentation & Regional Insights
The marble market covered in this report is segmented –
1) By Type: Natural, Synthetic
2) By Form: Slab, Powder
3) By Color: White, Other Colors
4) By Application: Building and Decoration, Statues and Monuments, Furniture, Other Applications
Asia-Pacific was the largest region in the marble market share in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the marble market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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Major Driver Impacting Market Growth
The growing construction industry is expected to propel the growth of the marble market going forward. The construction industry refers to a sector that encompasses various activities related to building, repairing, renovating, and maintaining infrastructure. Marble plays a significant role in the construction sector due to its aesthetic appeal, durability, and versatility. is used in both interior and exterior applications, such as walls, floors, and sculptures, to improve the visual appeal of buildings. It is also highly durable and resistant to heat, making it suitable for various construction applications. For instance, in September 2021, according to reports published by Oxford Economics, a UK-based economic information services company, the global construction output was $10.7 trillion in 2020, and between 2020 and 2030, it is anticipated to increase by 42%, or $4.5 trillion, to reach $15.2 trillion. Therefore, the growing construction industry is driving the growth of the marble market.
Key Industry Players
Major companies operating in the marble market report are Staron, DuPont de Nemours Inc., Kuraray, Aristech Acrylics, Durat, PengXiang Industry, MARGRAF, Ranamar, LG Hausys, Levantina y Asociados de Minerales S.A., Indiana Limestone Company, XiShi Group, Vetter Stone, New SunShine Stone, Southland Stone Group, Hanex, Pakistan Onyx Marble, Sinai Marble, Fox Marble, CXUN, Wanfeng Compound Stone, Blowker, ChuanQi, Leigei Stone, Jinlong Yu Marble, Guangdong Chuanqi Compound Stone Co Ltd., Nanan Guang Tai Xiang Stone Co Ltd., Mumal Marbles, Aurangzeb Marble Industry, Granite Construction, Kangli Stone Group, Best Cheer Stone
The marble market report table of contents includes:
1. Executive Summary
2. Marble Market Characteristics
3. Marble Market Trends And Strategies
4. Marble Market – Macro Economic Scenario
5. Global Marble Market Size and Growth
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31. Marble Market Other Major And Innovative Companies
32. Global Marble Market Competitive Benchmarking
33. Global Marble Market Competitive Dashboard
34. Key Mergers And Acquisitions In The Marble Market
35. Marble Market Future Outlook and Potential Analysis
36.Appendix
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