Global Marble Market is valued approximately at USD 52 billion in 2018 and is anticipated to grow with a healthy growth rate of more than 3.00 % over the forecast period 2019-2026. Marble is a natural mineral predominantly composed of carbonates such as dolomite and calcite. It is a type of stone, which is usually preferred for decorative purposes owing to its lustrous finish and attractive color options. As it a metamorphic rock, it is generally white in color. Though, rarely, marble can have coloration anywhere between red and yellow color owing to the existence of impurities such as bitumen, clay minerals and iron oxide. Rapid expansion in the construction activities, along with growing consumer preference towards interior decoration of housing structure are the few factor responsible for high CAGR of the market over the forecast period. For instance, according to International Construction Market Survey, the growth rate of construction industry, globally in 2017 was estimated nearly 3.5% and it grew to almost 3.9% in 2018. Similarly, as per the annual report of European Construction Industry Federation (FIEC) in 2017, it is clearly stated that construction activity in entire Europe grew by 2.2% in 2016 (reaching approximately 1,278 billion Euro) compared to 2015. Further, marble is also utilized in ground form as calcium complement to farm animals; soft abrasive material for grating application; production of acid-neutralizer and antacid. These applications are likely to impel the demand for marble over the forecast period. However, high initial cost is the major factor restricting the growth of global Marble market during the forecast period.
The regional analysis of global Marble Market is considered for the key regions such as Asia Pacific, North America, Europe, Latin America and Rest of the World. North America is the leading/significant region across the world in terms of market share owing to the wide presence of the varieties of marbles along with rapid growth in construction sector across the region. However, Asia-Pacific is anticipated to exhibit highest growth rate / CAGR over the forecast period of 2019-2026.
Major market player included in this report are:
Mumal Marbles
Levantina
Polycor
Indiana Limestone Company
Vetter Stoone
Antolini
Temmer Marble
Tekma
Dimpomar
Mármoles Marín, S.A
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:
By Type:
White Marble
Black Marble
Red Marble
Yellow Marble
Others
By Application:
Construction and Decoration
Statuary and Monuments
Furniture
Others
By Region:
North America
U.S.
Canada
Europe
UK
Germany
Asia Pacific
China
India
Japan
Latin America
Brazil
Mexico
Rest of the World
Furthermore, years considered for the study are as follows:
Historical year - 2016, 2017
Base year - 2018
Forecast period - 2019 to 2026
Target Audience of the Global Marble Market in Market Study:
Key Consulting Companies & Advisors
Large, medium-sized, and small enterprises
Venture capitalists
Value-Added Resellers (VARs)
Third-party knowledge providers
Investment bankers
Investors
