Polyester Artificial Marble Market Witness High Demand During by 2032

The global Polyester Artificial Marble market size was valued at $2.88 billion in 2021, and is projected to reach $4.58 billion by 2031, growing at a CAGR of 4.7% from 2022 to 2031.

A recent market research report added to repository of Analytics Market Research is an in-depth analysis of Global Polyester Artificial Marble Market. On the basis of historic growth analysis and current scenario of Polyester Artificial Marble market place, the report intends to offer actionable insights on Global market growth projections. Authenticated data presented in report is based on findings of extensive primary and secondary research. Insights drawn from data serve as excellent tools that facilitate deeper understanding of multiple aspects of Global Polyester Artificial Marble market. This further helps user with their developmental strategy.

This report examines all the key factors influencing growth of Global Polyester Artificial Marble market, including demand-supply scenario, pricing structure, profit margins, production and value chain analysis. Regional assessment of Global Polyester Artificial Marble market unlocks a plethora of untapped opportunities in regional and domestic market places. Detailed company profiling enables users to evaluate company shares analysis, emerging product lines, scope of NPD in new markets, pricing strategies, innovation possibilities and much more.

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Regarding geological features and processes, artificial marble differs from natural marble. Artificial marble is a man-made stone made of quartz, cement, acrylic glue, sand, marble powder, small marble fragments, plastic, and composites. There are many different kinds of imitation marble, including sintered, polyester, composite, and cement varieties. Both residential and non-residential industries use artificial marbles. It can be used for furniture, counters, walls, floors, and more.

The market is growing as a result of an increase in the usage of imitation marble in a variety of palliations, including countertops, walls, flooring, furniture, and other surfaces. Also, artificial marble is superior to actual marble in a number of ways, including cost-effectiveness, ease of remodelling and reshaping to suit client preferences, high durability, simplicity of care, and better look. Also, the expansion of the construction industry in nations like India, the U.S., Brazil, Germany, and Spain is creating profitable growth prospects for artificial marble during the anticipated time. For instance, the Oxford Economics predicts that by 2030, the worldwide construction market would rise by 85% to $15.5 trillion, with China, the United States, and India taking the lead and contributing 57% of the expansion. Hence, Such new construction initiatives are anticipated to have a favourable effect on market growth during the anticipated timeframe.

Due to increased rehabilitation and infrastructure projects, the artificial marble market is rising. As personal disposable income has increased, there has been a shift towards aesthetically pleasing interior designs, which is expected to boost market growth. Furthermore, it's expected that rising construction investment in developing countries will favourably affect overall market demand. Fake marbles are utilised as flooring in newly constructed residences, structures, business complexes, and other structures. One of the key elements fueling market expansion is the increase in new construction activity.

According to product type, the polyester artificial marble segment accounted for the largest market share for artificial marble in 2021. This is because artificial marble is increasingly being used in decorative mosaics and landscaping due to its high resistance to water damage and attractive appearance, which is a major factor driving the market's expansion. Also, emerging nations need artificial marbles for the construction of temples and other religious buildings. In the near future, it is projected that rising investments in building rehabilitation and expansion will fuel the market growth for fake marble.

Market Segmentation

Global Polyester Artificial Marble Market: Segmentations

Global Polyester Artificial Marble Market: Major Players
Aristech Acrylics
Staron(Samsung)
CXUN
Kuraray
LG Hausys
DuPont
ChuanQi
Durat
Hanex

Global Polyester Artificial Marble Market: By Types
20 mm

Global Polyester Artificial Marble Market: By Applications
Construction and Decoration
Furniture
Other

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Global Polyester Artificial Marble Market: Regional Analysis
The countries covered in the regional analysis of the Global Polyester Artificial Marble market report are U.S., Canada, and Mexico in North America, Germany, France, U.K., Russia, Italy, Spain, Turkey, Netherlands, Switzerland, Belgium, and Rest of Europe in Europe, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, China, Japan, India, South Korea, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), and Argentina, Brazil, and Rest of South America as part of South America.

Key Benefits:

• The analysis provides an overview of the factors driving and limiting the growth of the market including trends, structure and others.

• Market estimation for type and geographic segments is derived from the current market scenario and expected market trends.

• Porter's Five Force Model and SWOT analysis are used to study the global Polyester Artificial Marble market and would help stakeholders make strategic decisions.

• The analysis assists in understanding the strategies adopted by the companies for the growth of this market.

• In-depth analysis of the types of Polyester Artificial Marble would help in identifying future applications in this market.

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