Press release
"Revolutionizing Interior Design: The Growth and Potential of the Artificial Marble Market Forecast By 2031"
The global 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. The increasing demand for durable, low-maintenance, and cost-effective building materials, coupled with the growing construction industry, is driving the growth of the artificial marble market.
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Artificial marble is different from natural marble in terms of geological features and activities. Artificial marble is a man-made stone, which is made from stone powder, small marble debris, sand, plastic, quartz, cement, acrylic glue and composites. Artificial marble are of various types which include polyester, composite, cement and sintered artificial marble. Artificial marbles are used in residential and non-residential sectors. Its application consists of flooring, walls, countertops, furniture and others.
One of the major trends in the artificial marble market is the use of advanced technologies in production processes. Many manufacturers are now using advanced machinery and automation systems to produce artificial marble with higher precision and quality. This technology can also reduce production time and labor costs, further improving the cost-effectiveness of artificial marble.
Another trend in the artificial marble market is the development of eco-friendly and sustainable products. Many manufacturers are now using recycled materials in the production of artificial marble, reducing waste and contributing to environmental sustainability. Some manufacturers are also developing bio-based resins and pigments, reducing the reliance on fossil fuels and contributing to a circular economy.
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Factors Driving the Growth of the Artificial Marble Market: The artificial marble market is being driven by several key factors, including:
Cost-effectiveness: Artificial marble is a cost-effective alternative to natural marble, offering similar aesthetic properties at a lower cost. This can be particularly beneficial in large-scale construction projects where cost savings are a priority.
Durability: Artificial marble is highly durable and resistant to scratches, stains, and wear and tear. This makes it an ideal choice for high-traffic areas such as airports, hospitals, and shopping malls.
Low-maintenance: Artificial marble requires minimal maintenance compared to natural marble, making it a popular choice for commercial and residential applications.
Aesthetic appeal: Artificial marble can be produced in a variety of colors, patterns, and finishes, offering designers and architects a wide range of options to choose from.
Availability: Unlike natural marble, which is limited to certain geographic regions, artificial marble can be produced and distributed globally
The key players that operating in the artificial marble industry are Aristech Surfaces LLC, Classic Marble & Stone, Cupa Group, DuPont, Guangdong Legend Stone Co. Ltd, Hari Stones Ltd, Hfrtub Co. Ltd., Hyundai L & C Europe GMBH, Kalinga Stone, Lotte Chemical, LX HAUSYS, MARMIL S.A, Owell, Southland Stone, WANFENG, XISHI GROUP LTD and Yunfu City Liji Stone Co., Ltd.
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Key Benefits For Stakeholders
This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the artificial marble market analysis from 2021 to 2031 to identify the prevailing market opportunities.
The market research is offered along with information related to key drivers, restraints, and opportunities.
Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
In-depth analysis of the artificial marble market segmentation assists to determine the prevailing artificial marble market opportunities.
Major countries in each region are mapped according to their revenue contribution to the global market.
Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
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