The global marble market is projected to reach value of USD 15.94 Billion by 2027, according to a current analysis by Emergen Research. The key factors driving the market include shift in consumers’ lifestyle and heat- and fire-resisting properties of marble.
With increasing usage and availability of explosives, coupled with advancements in mechanical systems, marble can be easily given various shapes. This helps in grooming the overall appearance of end-use applications. In the modern age, marble is used for building city halls, religious homes, and buildings.
Marble made of the calcite mineral is particularly popular. There are several marble quarries available worldwide. The world’s demand for high-quality marble for residential, industrial, and commercial infrastructures is met by vast and excellent marble quarries in nations including the US, Italy, Turkey, and Spain. Massive marble quarries may be found in every nation, making it simple to obtain and transport marble for use in final products. Open-pit mines of various sizes, from very small to extremely enormous, are used to extract marble. The availability of several quarries worldwide helps to reduce the cost of logistics and transportation for the capital-intensive operation of marble mining.
The global marble market is expected to remain in a highly competitive and fragmented landscape in the near future, consisting of several small start-ups, medium enterprises, and large conglomerates. During the forecast period, increasing demand for technological advancements and higher diversification in offered products are likely to ensure high growth potential for new players entering the market.
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The global marble report is a panoramic study of the overall marble market published by Emergen Research and covers a wide-ranging analysis of the technological advancements and product developments in the marble market. The report provides a detailed analysis of the key factors of the marble market that are expected to have a positive impact on the growth of the marble industry.
Further key findings from the report suggest:
- In February 2020, Fox Marble Holdings Plc announced that it had signed two new agreements for the processing of third-party blocks with Egzoni Sh.p.k. and Skifteri Sh.p.k. Fox Marble Holdings
- Based on application, the market has been classified into building & construction, furniture, decorative infrastructure, statues & monuments, and others. The building & construction segment is projected to expand at a rate of 3.1% during the forecast period. Marble has been used for making historic sculptures for ages. Marble is one of the most durable materials, which showcases its durability in the wide-ranging atmospheric changes. Marble is widely used in the construction of flooring, walls, and columns due to its physical properties.
- North America is projected to dominate the global marble market during the forecast period. Various uses of marble in building & construction, decorative infrastructure, and furniture industries have boosted the market in the region. The U.S. is expected to lead the market in the region in the near future.
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The report is an investigative study of the technological developments and product advancements, along with a regional analysis for each product and application offered in the market. The fundamental objective of the report is to give an insight into the workings of the marble industry. It provides an accurate and strategic outlook of the market with a thorough assessment of the segments and sub-segments of the market. It provides a panoramic view of the industry to offer a deeper understanding of the global industry.
For this report, Emergen Research has segmented the global marble market based on application, and color:
Application Outlook (Revenue: USD Billion; Volume: Million Metric Tons; 2017–2027)
- Building & Construction
- Furniture
- Decorative Infrastructure
- Statues & Monuments
- Others
Color Outlook (Revenue: USD Billion; Volume: Million Metric Tons; 2017–2027)
- Black
- White
- Green
- Yellow
- Others
The report further studies the key companies operating in the industry and their company profiles, product portfolio, expansion strategies, and strategic alliances such as mergers and acquisitions, collaborations, and joint ventures, among others. It also offers insights into their market reach and global position, along with highlights about their achievements and financial standings.
Key companies operating in the marble market include:
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.
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The global marble market report assesses the historical and current data along with a thorough analysis of the market dynamics. The report also sheds light on the significant market growth driving and restraining factors that are anticipated to influence the market growth through the forecast period. The Global Marble Market studies the market scenario to offer growth projections for the marble industry for the forecast period of 2020-2027. The report focuses on potential growth opportunities and limitations the prominent players of the industry might face during the entirety of the forecast timeline. The report pays special heed to the emerging business components, niche sectors, and product launches and brand promotions occurring in the market to help the readers make fruitful investment strategies.
Regional Analysis:
The report further examines the market in the key regions of the world with regard to production and consumption patterns, import/export, supply and demand ratio, revenue generation, market share and size, and presence of prominent players in the regions. The report also covers the expansion plans undertaken by companies in the regions under the regional analysis section.
Key regions in the market include:
- North America
- S.
- Canada
- Europe
- K.
- Italy
- Germany
- France
- Rest of EU
- Asia Pacific
- India
- Japan
- China
- South Korea
- Australia
- Rest of APAC
- Latin America
- Chile
- Brazil
- Argentina
- Rest of Latin America
- Middle East & Africa
- Saudi Arabia
- A.E.
- South Africa
- Rest of MEA
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