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Marble Market worth $30.01 billion by 2030, growing at a CAGR of 6.31% - Exclusive Report by 360iResearch
Marble Market | 360iResearch
The Global Marble Market to grow from USD 19.55 billion in 2023 to USD 30.01 billion by 2030, at a CAGR of 6.31%.
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Marble refers to metamorphic stone that forms when limestone is subjected to metamorphism. Marble is composed primarily of calcite (CaCO3) and usually contains additional minerals such as clay minerals, micas, quartz, pyrite, iron oxides, and graphite. Marble has a variety of applications, including construction, architecture, sculpture, and decorative arts. Throughout history, marble has been synonymous with culture and refined taste, making it an essential material in art and construction. The increased investments in construction, particularly in emerging economies, fuel the demand for marble. Moreover, urbanization leads to higher demand for residential and commercial infrastructure, where marble is often preferred for its luxury finish. However, the high costs of product manufacturing and significant environmental impacts associated with quarrying and processing marble may lead to regulatory restrictions and limited availability of products. Nevertheless, the ongoing development of more efficient and less destructive quarrying methods to reduce environmental impact is expanding the scope of marble production. In addition, ongoing research in treating marble surfaces to enhance durability and create new texture options for different applications is expected to drive the marble market in the coming years.
The Americas remains a significant market for marble, primarily used in residential and commercial constructions, monuments, and sculptures. Consumers in the Americas strongly prefer high-quality, finished marble products. Investments in quarry technology and efficient logistics have been focused on streamlining operations and reducing environmental impact. The demand for luxury finishes in real estate across the Americas has promoted the use of marble in high-end projects. European Union (EU) countries exhibit a significant demand for marble, especially for heritage buildings and high-value construction projects. EU regulations also emphasize sustainable practices influencing consumer preferences and purchasing behaviors, fostering a demand for ethically produced marble. The Middle East is a rapidly evolving market for marble with a strong inclination towards luxury and opulence in architectural designs. Africa's marble industry is in a developmental stage with untapped resources and emerging domestic markets. The growing urbanization and increased construction activities propel the demand for marble across Africa. Asia-Pacific accounts for a substantial portion of the consumption and production of marble, characterized by large-scale end-use industries with a heavy focus on exports. A traditional cultural affinity towards marble in the emerging economies of Asia sustains the strong domestic marble market. Recent trends indicate a rise in the use of marble in interior decoration and the construction sector driven by economic growth and rising disposable incomes.
Market Segmentation & Coverage:
This research report categorizes the Marble Market in order to forecast the revenues and analyze trends in each of following sub-markets:
Based on Color, market is studied across Black, Green, White, and Yellow. The White commanded largest market share of 42.11% in 2023, followed by Black.
Based on Grade, market is studied across Commercial Quality, First Choice Grade, Second Choice Grade, and Standard Quality. The Standard Quality commanded largest market share of 29.11% in 2023, followed by Commercial Quality.
Based on Application, market is studied across Commercial, Industrial, and Residential. The Commercial commanded largest market share of 49.62% in 2023, followed by Residential.
Based on Region, market is studied across Americas, Asia-Pacific, and Europe, Middle East & Africa. The Americas is further studied across Argentina, Brazil, Canada, Mexico, and United States. The United States is further studied across California, Florida, Illinois, New York, Ohio, Pennsylvania, and Texas. The Asia-Pacific is further studied across Australia, China, India, Indonesia, Japan, Malaysia, Philippines, Singapore, South Korea, Taiwan, Thailand, and Vietnam. The Europe, Middle East & Africa is further studied across Denmark, Egypt, Finland, France, Germany, Israel, Italy, Netherlands, Nigeria, Norway, Poland, Qatar, Russia, Saudi Arabia, South Africa, Spain, Sweden, Switzerland, Turkey, United Arab Emirates, and United Kingdom. The Europe, Middle East & Africa commanded largest market share of 40.06% in 2023, followed by Asia-Pacific.
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FPNV Positioning Matrix:
The FPNV Positioning Matrix is essential for assessing the Marble Market. It provides a comprehensive evaluation of vendors by examining key metrics within Business Strategy and Product Satisfaction, allowing users to make informed decisions based on their specific needs. This advanced analysis then organizes these vendors into four distinct quadrants, which represent varying levels of success: Forefront (F), Pathfinder (P), Niche (N), or Vital(V).
Market Share Analysis:
The Market Share Analysis offers an insightful look at the current state of vendors in the Marble Market. By comparing vendor contributions to overall revenue, customer base, and other key metrics, we can give companies a greater understanding of their performance and what they are up against when competing for market share. The analysis also sheds light on just how competitive any given sector is about accumulation, fragmentation dominance, and amalgamation traits over the base year period studied.
Key Company Profiles:
The report delves into recent significant developments in the Marble Market, highlighting leading vendors and their innovative profiles. These include A-Class Marble India Pvt. Ltd., Anatolia Granite & Marble, Belekoma Natural Stone, Best Cheer Stone Inc., Ceramiche Atlas Concorde S.p.A., China Kingstone Mining Holdings Limited, Classic Marble Company, Dimpomar, Elegant Marbles & Grani Industries Ltd., Fox Marble Group, Hellenic Granite Co., Hilltop Granites, Hong Fa Granite, Kajaria Ceramics Limited, Kangli Stone Group, Levantina y Asociados de Minerales, S.A., Milestone Marble & Granite LTD., Mumal Marbles Pvt. Ltd., Mármoles marín, Oswal Granite, Pakistan Onyx Marble, Petros Stone LLP, Santucci Group, Simsekler Mermer Company, Stonexindia, Temmer Marble, The Marble Factory Ltd., and TOPALIDIS S.A..
Key Topics Covered:
1. Preface
2. Research Methodology
3. Executive Summary
4. Market Overview
5. Market Insights
6. Marble Market, by Color
7. Marble Market, by Grade
8. Marble Market, by Application
9. Americas Marble Market
10. Asia-Pacific Marble Market
11. Europe, Middle East & Africa Marble Market
12. Competitive Landscape
13. Competitive Portfolio
The report provides insights on the following pointers:
1. Market Penetration: Provides comprehensive information on the market offered by the key players
2. Market Development: Provides in-depth information about lucrative emerging markets and analyzes penetration across mature segments of the markets
3. Market Diversification: Provides detailed information about new product launches, untapped geographies, recent developments, and investments
4. Competitive Assessment & Intelligence: Provides an exhaustive assessment of market shares, strategies, products, certification, regulatory approvals, patent landscape, and manufacturing capabilities of the leading players
5. Product Development & Innovation: Provides intelligent insights on future technologies, R&D activities, and breakthrough product developments
The report answers questions such as:
1. What is the market size and forecast of the Marble Market?
2. Which are the products/segments/applications/areas to invest in over the forecast period in the Marble Market?
3. What is the competitive strategic window for opportunities in the Marble Market?
4. What are the technology trends and regulatory frameworks in the Marble Market?
5. What is the market share of the leading vendors in the Marble Market?
6. What modes and strategic moves are considered suitable for entering the Marble Market?
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About 360iResearch
360iResearch is a market research and business consulting company headquartered in India, with clients and focus markets spanning the globe.
We are a dynamic, nimble company that believes in carving ambitious, purposeful goals and achieving them with the backing of our greatest asset - our people.
Quick on our feet, we have our ear to the ground when it comes to market intelligence and volatility. Our market intelligence is diligent, real-time and tailored to your needs, and arms you with all the insight that empowers strategic decision-making.
Our clientele encompasses about 80% of the Fortune Global 500, and leading consulting and research companies and academic institutions that rely on our expertise in compiling data in niche markets. Our meta-insights are intelligent, impactful and infinite, and translate into actionable data that support your quest for enhanced profitability, tapping into niche markets, and exploring new revenue opportunities.
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