Synthetic Marble Market Analysis Report 2021 by Industry Size, Share, Growth Rate and Revenue | Key Players: Staron, DuPont, LG Hausys, Aristech Acrylics, Kuraray

Synthetic marble is made up of calcium carbonate and silica fillers, as well as synthetic resins including polyester and acrylate, pigments, and gel coat. The key raw materials used to make synthetic marble are marble powder, calcium carbonate, and fine-grained sand. Synthetic marble has a higher tensile strength and is more resilient than natural marble. Cultured marble and engineered marble are other terms for the same thing. It is stain, water, and cleaning chemical resistant. Low shrinkage, ageing resistance, high abrasion resistance, and minimal water absorption are some of the other main characteristics of synthetic marble.

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Because of their ease of transformation into desired shape and scale, synthetic marble is used in both residential and non-residential settings. Furthermore, this marble is inexpensive. It also has an elegant and opulent look. Flooring, roofing, and wall materials are all made from synthetic marble. In the building and construction industry, marble is gaining popularity.

Growth Drivers that Support the Global Synthetic Marble Market:

1. The Product Type segment is divided into Cement Synthetic Marble, Polyester Synthetic Marble, Composite Synthetic Marble, and Sintered Synthetic Marble. During the forecast period, the polyester type segment is expected to dominate the synthetic marble market, followed by the acrylic type segment. Sintered ceramics are also gaining popularity due to their advantageous properties such as toughness and chemical resistance.

2. The synthetic marble market is divided into vanity tops, shower bases, window sills, wall panels, and tub & shower stalls based on use. The leading application segments of the industry are vanity tops and showers. Owing to an increase in demand for leak-proof products, demand for synthetic marble in tubs and shower stalls is expected to grow significantly during the forecast period. The demand for synthetic marble is being boosted by an increase in interest in interior design combined with a rise in demand for high-quality items.

3. Asia Pacific is the most populous continent, followed by Europe. Synthetic marble is primarily produced in China and Italy. Because of growing urbanization, rising disposable income, and rising residential construction, demand for synthetic marble is expected to rise significantly in India, China, and ASEAN countries.

4. The demand for synthetic marble in the United States is expected to increase moderately as the country's real estate market expands.

5. In Europe, Spain, France, the United Kingdom, and Italy primarily consume synthetic marble. Market preferences in terms of style, content, and color, as well as an increase in interest in home decor, are driving demand for synthetic marble in the region.

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The report is structured to provide both qualitative and quantitative aspects of the industry in relation to each of the study's regions and countries. In addition, the report provides comprehensive information on critical aspects such as drivers and restraints that will shape the future growth of the Synthetic Marble market.

Major companies functioning in the global Synthetic Marble Market are Staron, DuPont, LG Hausys, Aristech Acrylics, Kuraray, Durat, Hanex, MARMIL, CXUN, PengXiang Industry, New SunShine Stone, ChuanQi, Leigei Stone, Wanfeng Compound Stone, GuangTaiXiang

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Market Segmentation:

By Product Type:
• Cement Synthetic Marble
• Polyester Synthetic Marble
• Composite Synthetic Marble
• Sintered Synthetic Marble

By Application:
• Vanity Tops
• Bath Tubs
• Wall Panels
• Shower Stalls
• Other

By Region:
• North America
◦ North America, by Country
▪ US
▪ Canada
▪ Mexico
◦ North America, by Product Type
◦ North America, by Application
• Western Europe
◦ Western Europe, by Country
▪ Germany
▪ UK
▪ France
▪ Italy
▪ Spain
▪ The Netherlands
▪ Rest of Western Europe
◦ Western Europe, by Product Type
◦ Western Europe, by Application
• Asia Pacific
◦ Asia Pacific, by Country
▪ China
▪ India
▪ Japan
▪ South Korea
▪ Australia
▪ Indonesia
▪ Rest of Asia Pacific
◦ Asia Pacific, by Product Type
◦ Asia Pacific, by Application
• Eastern Europe
◦ Eastern Europe, by Country
▪ Russia
▪ Turkey
▪ Rest of Eastern Europe
◦ Eastern Europe, by Product Type
◦ Eastern Europe, by Application
• Middle East
◦ Middle East, by Country
▪ UAE
▪ Saudi Arabia
▪ Qatar
▪ Iran
▪ Rest of Middle East
◦ Middle East, by Product Type
◦ Middle East, by Application
• Rest of the World
◦ Rest of the World, by Country
▪ South America
▪ Africa
◦ Rest of the World, by Product Type
◦ Rest of the World, by Application

Years Covered in the Study:
Historic Year: 2016-2017
Base Year:2018
Estimated Year: 2019
Forecast Year: 2028

Objectives of this Report:
To estimate the market size for Synthetic marble market on regional and global basis.

To identify major segments in Synthetic marble market and evaluate their market shares and demand.

To provide a competitive scenario for the Synthetic marble market with major developments observed by key companies in the historic years.

To evaluate key factors governing the dynamics of Synthetic marble market with their potential gravity during the forecast period.

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This release was published on openPR.