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 marble and 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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