Easy availability of marble and increasing demand for the product in modern décor are factors influencing the market growth.
Global marble market is Anticipated to be valued at USD 15.94 billion in 2027 from USD 12.68 billion in 2019, registering a CAGR of 2.8% through the forecast period, according to Emergen Research’s report. Main factors driving the demand include changes in the lifestyle of consumers and marble’s heat- and fire-resistant properties.
The global marble industry, consisting of many small start-ups, medium-sized companies and large conglomerates, is expected to remain in a highly competitive and fragmented environment in the near future. Growing demand for technical innovations and higher diversification in the products offered are predicted to ensure high growth potential for new players entering the market during the forecast period.
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Some of the prominent players in the market are: Hellenic Granite Company, Fox Marble Holdings Plc, Polycor Inc., Asian Granito India Limited, Kangli Stone Group, Hilltop Granites, Classic Marble Company, First Marble & Granite, Temmer Group, and Santucci Group.
Further key findings from the report suggest
Fox Marble Holdings Plc announced in February 2020 that it had signed two new agreements with Egzoni Sh.p.k. to process third-party blocks. Skifteri Sh.p.k. and Fox Holdings for Marble
The market has been segmented into building & renovation, furniture, decorative infrastructure, statues & monuments, and others, based on application. During the forecast period, the building & construction sub-segment is expected to grow at a rate of 3.1%. Marble has been used for centuries for making historical sculptures. Marble is one of the most robust materials that shows its longevity in wide-ranging changes in the atmosphere. Due to its physical properties, marble is commonly used in the construction of flooring, walls, and columns.
During the forecast period, North America is expected to dominate the global marble market. The demand in the area has been boosted by various uses of marble in building & construction, decorative infrastructure, and furniture industries. In the near future, the U.S. is projected to lead the market in the region.
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Table of Content
Chapter 1. Methodology & Sources
1.1. Market Definition
1.2. Research Scope
1.4. Research Sources
1.4.3. Paid Sources
1.5. Market Estimation Technique
Chapter 2. Executive Summary
2.1. Summary Snapshot, 2019-2027
Chapter 3. Key Insights
Chapter 4. Marble Market Segmentation & Impact Analysis
4.1. Marble Market Material Segmentation Analysis
4.2. Industrial Outlook
4.2.1. Market indicators analysis
4.2.2. Market drivers analysis
188.8.131.52. Demand for Modern Decor
184.108.40.206. Easy and Bulk Availability of Marble
4.2.3. Market restraints analysis
220.127.116.11. High Cost of Technologies used
18.104.22.168. Rules & Regulations by the Government
4.3. Technological Insights
4.4. Regulatory Framework
4.5. Porter’s Five Forces Analysis
4.6. Competitive Metric Space Analysis
4.7. Price trend Analysis
4.8. Covid-19 Impact Analysis
Chapter 5. Marble Market By Application Insights & Trends, Revenue (USD Billion) (Million Metric Tons)
5.1. Application Dynamics & Market Share, 2019 & 2027
5.1.1. Building & Construction
5.1.3. Decorative Infrastructure
5.1.4. Statues & Monuments
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