Press release
Artificial Marble Market is projected to reach USD 16.45 Bn by 2029, with a remarkable CAGR of 9.7% during the forecast period of 2021-2029
Artificial Marble Market
1. Market Segmentation: The report segments the market based on type, application, and region.
1. Type Analysis: The report provides insights into different types of artificial marbles, including sintered type and others.
1. Application Analysis: The report analyzes the market based on various applications such as flooring, roofing, wall products, and others.
1. Regional Analysis: The report covers the market analysis for key regions, including North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa.
1. Impact of COVID-19: The report assesses the impact of the COVID-19 pandemic on the artificial marble market, including its effects on regional markets and key players.
1. Market Dynamics: The report examines the key drivers, restraints, challenges, and opportunities influencing market growth.
1. Competitive Landscape: The report provides a detailed analysis of the competitive landscape, including the market share of key players, strategic initiatives, mergers and acquisitions, and collaborations.
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What are Artificial Marble Market Dynamics?
Artificial marble, also known as cultured marble, offers the aesthetic appeal of real marble at a fraction of the cost and with enhanced durability. It is composed of crushed marble and resin, making it resistant to daily wear and tear as well as most cleaning products. The demand for artificial marble is driven by increasing infrastructure development, particularly in developing countries. Additionally, the market is propelled by the numerous advantages of artificial marble, such as cost-effectiveness, low maintenance requirements, low water absorption rate, and environmental benefits. These benefits are expected to fuel market growth throughout the forecast period. Manufacturers are actively engaged in research and development activities to enhance product quality by utilizing alternative raw materials, creating lucrative opportunities for the market.
Despite the positive market outlook, the report identifies some challenges that may impede the growth of the artificial marble market. Artificial marble is susceptible to stains, and the high costs associated with its maintenance and usage pose potential restraints. These factors may hinder market expansion during the forecast period.
What are Artificial Marble Market regional insights:
Geographically, the Asia Pacific region held the largest market share of 42.45% in 2021 and is expected to maintain its dominance throughout the forecast period. The region's growth is attributed to the flourishing construction industry and the increasing number of residential complexes. Moreover, rising disposable income and urbanization in countries like India and China are expected to create lucrative opportunities for the market. In India, the artificial marble industry is poised for substantial growth, with a projected value and volume CAGR of 7.5% and 11.
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What is Artificial Marble Market Segmentation?
by Type
• Polyester artificial marble
• cement artificial marble
• composite artificial marble
• sintered artificial marble
by Application
• Flooring
• Countertops
• Vanity tops
• Bathtubs
• Wall panels
• Shower stalls
• Others
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Who are Artificial Marble Market Key Players?
• Aristech Surfaces LLC
• Hanex Solid Surfaces
• Krystal Stone Exports Ltd.
• Kuraray Co., Ltd
• Leigei Stone Co Ltd.
• LG Hausys Ltd.
• Marmil SA
• OWELL
• Lotte Advanced Materials
• DuPont de Nemours, Inc (US)
• Guangdong Chuanqi Compound Stone Co.,Ltd (China)
• Nanan Guang Tai Xiang Stone Co., Ltd (China)
• Pengxiang (China)
• Wanfeng Compound Stone Technology Co., Ltd. (China)
• Shanghai Meyate Group (China)
• Samsung Stone Industry Co., Ltd. (China)
• Yunfu Liji Stone Co., Ltd (China)
• Bitto Industry (Dongguan) Co., Ltd. (China)
• Jordan Marble and Granite (US)
• E. I. du Pont de Nemours and Company
• Durat
• CXUN
• XiShi Group
• Meyate Group
• Blowker
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Table of content for the Artificial Marble Market includes:
1. Global Artificial Marble Market: Research Methodology
2. Global Artificial Marble Market: Executive Summary
• Market Overview and Definitions
• Introduction to the Global Market
• Summary
• Key Findings
• Recommendations for Investors
• Recommendations for Market Leaders
• Recommendations for New Market Entry
3. Global Artificial Marble Market: Competitive Analysis
• MMR Competition Matrix
• Market Structure by region
• Competitive Benchmarking of Key Players
• Consolidation in the Market
• M&A by region
• Key Developments by Companies
• Market Drivers
• Market Restraints
• Market Opportunities
• Market Challenges
• Market Dynamics
• PORTERS Five Forces Analysis
• PESTLE
• Regulatory Landscape by region
• North America
• Europe
• Asia Pacific
• Middle East and Africa
• South America
• COVID-19 Impact
4. Global Artificial Marble Market Segmentation
• Global Market, by Type (2021-2029)
• Global Market, by Application (2021-2029)
5. Regional Artificial Marble Market (2021-2029)
• Regional Market, by Type (2021-2029)
• Regional Market, by Application (2021-2029)
• Regional Market, by Country (2021-2029)
6. Company Profile: Key players
• Company Overview
• Financial Overview
• Global Presence
• Capacity Portfolio
• Business Strategy
• Recent Developments
To Gain More Insights into the Market Analysis, Browse Summary of the Research Report @ https://www.maximizemarketresearch.com/market-report/global-artificial-marble-market/64191/
Key Offerings:
• Past Market Size and Competitive Landscape (2018 to 2021)
• Past Pricing and price curve by region (2018 to 2021)
• Market Size, Share, Size & Forecast by different segment | 2022-2029
• Market Dynamics - Growth Drivers, Restraints, Opportunities, and Key Trends by region
• Market Segmentation - A detailed analysis by Product
• Competitive Landscape - Profiles of selected key players by region from a strategic perspective
• Competitive landscape - Market Leaders, Market Followers, Regional player
• Competitive benchmarking of key players by region
• PESTLE Analysis
• PORTER's analysis
• Value chain and supply chain analysis
• Legal Aspects of business by region
• Lucrative business opportunities with SWOT analysis
• Recommendations
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