Press release
Global Marble Market Size to reach USD 52 billion by 2026 | Mumal Marbles, Levantina, Polycor, Indiana Limestone Compan, Vetter Stoone, Antolini, Temmer Marble, Tekma, Dimpomar.
Market Study Report recently introduced new title on "2019-2026 Global Marble Market Report" that provides an in-depth overview of industry and competitive landscape, covering multiple market segments and elaborates market outlook and status to 2026.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.
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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.
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.
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.
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.
Major market player included in this report are:
o Mumal Marbles
o Levantina
o Polycor
o Indiana Limestone Company
o Vetter Stoone
o Antolini
o Temmer Marble
o Tekma
o Dimpomar
o 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:
o White Marble
o Black Marble
o Red Marble
o Yellow Marble
o Others
By Application:
o Construction and Decoration
o Statuary and Monuments
o Furniture
o Others
By Region:
o North America
o U.S.
o Canada
o Europe
o UK
o Germany
o Asia Pacific
o China
o India
o Japan
o Latin America
o Brazil
o Mexico
o Rest of the World
Furthermore, years considered for the study are as follows:
o Historical year - 2016, 2017
o Base year - 2018
o Forecast period - 2019 to 2026
Target Audience of the Global Marble Market in Market Study:
o Key Consulting Companies & Advisors
o Large, medium-sized, and small enterprises
o Venture capitalists
o Value-Added Resellers (VARs)
o Third-party knowledge providers
o Investment bankers
o Investors
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Table of Content:
Chapter 1. Executive Summary
1.1. Market Snapshot
1.2. Global & Segmental Market Estimates & Forecasts, 2017-2026 (USD Million)
1.2.1. Marble Market, by Type, 2017-2026 (USD Million)
1.2.2. Marble Market, by Application, 2017-2026 (USD Million)
1.2.3. Marble Market, by Region, 2017-2026 (USD Million)
1.3. Key Trends
1.4. Estimation Methodology
1.5. Research Assumption
Chapter 2. Global Marble Market Definition and Scope
2.1. Objective of the Study
2.2. Market Definition & Scope
2.2.1. Scope of the Study
2.2.2. Industry Evolution
2.3. Years Considered for the Study
2.4. Currency Conversion Rates
Chapter 3. Global Marble Market Dynamics
3.1. Marble Market Impact Analysis (2018-2026)
3.1.1. Market Drivers
3.1.2. Market Challenges
3.1.3. Market Opportunities
Chapter 4. Global Marble Market Analysis
4.1. Porter's 5 Force Model
4.1.1. Bargaining Power of Suppliers
4.1.2. Bargaining Power of Buyers
4.1.3. Threat of New Entrants
4.1.4. Threat of Substitutes
4.1.5. Competitive Rivalry
4.1.6. Futuristic Approach to Porter's 5 Force Model (2016-2026)
4.2. PEST Analysis
4.2.1. Political
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