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Marble Market Size, Share & Industry Analysis, By Color (White, Black, Yellow, Red, Other), By Application(Building & Construction, Structures & Monuments, Furniture, Others) And Regional Forecast 2023-2030

Region : Global | Report ID: FBI104560 | Status : Ongoing

 

KEY INDUSTRY INSIGHTS

Marble is a metamorphic rock composed of recrystallized carbonate minerals mostly dolomite and calcite. It is usually found in non-foliated form but has exceptions as well. It is found in colors like white, yellow, red, black and other and therefore can be used for aesthetic applications. Geologically, marble is implied as metamorphosed limestone and is generally used in sculptures and building applications.


Increasing prominence of marble in manufacturing of kitchen countertops, flooring and bathroom applications from construction industry. The exception aesthetic properties of marble coupled with its availability in various colors make it appropriate choice for interiors. Additionally, bulk availability of marble due to large number of quarries around the globe is estimated to positively influence the market.


However, there are substitute materials like granite, and kaolin accessible in market which are natural stone and are preferred due to their lower cost. This is expected to hinder the market growth.


Key Market Driver -

Increasing demand from construction sector for aesthetical purposes.

Key Market Restraint -

Availability of cost-effective substitutes.


Market Segmentation:


Based on color, the global marble market is segmented into white, black, yellow, red and others. Based on application, is segmented into building & construction, structures & monuments, furniture, and other applications.


From a geographical standpoint, the market is categorized into North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa.


Key Players Covered:


The global marble market consists of global & regional players operating. Some of the key players in the market include Levantina y Asociados de Minerales, S.A, Hellenic Granite Company, Fox Marble Holdings plc, Temmer Marble, California Crafted Marble, Asian Granito India Limited, Classic Marble Company, Hilltop Granites, Dal-Tile Corporation, and others.


Key Insights



  • New Advancements in Production Technologies

  • Key Trends in the Marble Market

  • New Product Launches, Expansions, Key Players

  • Ranking of Key Players in the Market


Regional Analysis:


The market has been segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. Europe is expected to lead the marble market attributed to the high demand for marble from Spain, Italy and UK. Increasing constructional activities of monuments, statues and other infrastructures. Additionally, presence of large manufacturing base for marble in the region shall foster the regional growth. Asia pacific is one of the prime producing and consuming region of marble which are used for decorative applications in residential and non-residential infrastructures. North America is expected to show considerable growth due to increase in disposable income followed by substantial expenditure on interiors of infrastructures. Latin America and Middle East & Africa shall exhibit sluggish growth by the end of forecast period.


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Segmentation






















 ATTRIBUTE


  DETAILS

By Color




  • White

  • Black

  • Yellow

  • Red

  • Other



By Application




  • Building & Construction

  • Structures & Monuments

  • Furniture

  • Others



By Geography




  • North America (U.S., and Canada)

  • Europe (Germany, UK, France, Italy, and Rest of Europe)

  • Asia Pacific (China, India, Japan, and Rest of Asia Pacific)

  • Latin America (Mexico, Brazil, and Rest of Latin America)

  • Middle East & Africa (UAE, South Africa, and Rest of Middle East & Africa)



Marble Industry Developments



  • In October 2020, Asian Granito India Ltd, a manufacturer of natural stones and marble inaugurated 15000 sq.ft AGL export house at Morbi, Gujrat to boost the export business.

  • In February 2020, Daltile launched a new tile collection. It is currently previewing 8 new tile collection and one product line extension in a variety of colors, textures, sizes, shapes, patterns, materials and styles.


  • Ongoing
  • 2022
  • 2019-2021

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